Press release
Pick and Carry Crane Market to Achieve Steady Growth, Projected to Grow at a CAGR of 4.2% from 2025 to 2033 | Key Players Include ACE Ltd., Escorts Limited, TIL Limited, SANY Group, and Liebherr Group
Pick And Carry Crane Market
With the global surge in urbanization and the expansion of smart city projects, the demand for compact and efficient lifting machinery is escalating. These cranes are extensively used across construction, mining, automotive, and port handling applications. Furthermore, technological innovations such as telematics, automation, and hybrid power systems are transforming the operational efficiency and safety of pick and carry cranes, making them indispensable for modern material-handling operations.
Market Size & Insights
The pick and carry crane market was valued at USD 1.2 billion in 2024 and is projected to reach USD 1.8 billion by 2033, growing at a CAGR of 4.2% from 2025 to 2033, reflecting consistent growth across industrial and infrastructure applications. The increasing adoption of compact, maneuverable lifting solutions in urban and confined project environments has significantly boosted demand.
Pick and carry cranes are widely favored for their ease of operation, fuel efficiency, and low maintenance costs. Unlike conventional mobile cranes, they can travel under loaded conditions, reducing operational time and increasing productivity. Their versatility in handling materials across construction sites, manufacturing plants, warehouses, and ports contributes to their growing popularity.
Emerging economies, particularly in Asia-Pacific, are witnessing a sharp increase in construction investments and industrial automation, thereby expanding the market base. Moreover, the integration of IoT-based monitoring systems and hydraulic stabilization technologies is enhancing precision, performance, and operator safety. As sustainability becomes a core priority in equipment manufacturing, the market is also experiencing a shift toward electric and hybrid-powered pick and carry cranes, paving the way for greener industrial operations.
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Important Points
• Rising demand for compact and mobile lifting equipment in urban construction projects.
• Technological advancements enhancing safety, precision, and fuel efficiency.
• Increased government spending on smart cities and industrial infrastructure.
• Growth of the logistics and warehousing industry driving crane utilization.
• Integration of telematics and remote-control systems improving fleet management.
• Emergence of electric and hybrid variants aligned with sustainability goals.
Key Factors Driving the Future Growth of the Pick and Carry Crane Market
• Infrastructure Development: Expanding construction and road-building projects worldwide.
• Industrial Modernization: Rising use of mobile cranes in factories and manufacturing facilities.
• Technological Advancements: Smart crane systems with real-time diagnostics and load management.
• Safety and Efficiency Regulations: Growing emphasis on safe, low-emission, and energy-efficient lifting solutions.
• Fleet Electrification: Introduction of electric and hybrid models reducing operational costs.
• Urban Expansion: Increased demand for compact cranes capable of maneuvering in tight spaces.
Top 10 Market Companies
• ACE Ltd. (Action Construction Equipment)
• Escorts Limited
• TIL Limited
• SANY Group
• Liebherr Group
• XCMG Group
• Manitowoc Company Inc.
• Zoomlion Heavy Industry Science & Technology Co. Ltd.
• Kobelco Construction Machinery Co. Ltd.
Market Segments
By Capacity
o Up to 20 tons
o 20-40 tons
o 40-60 tons
o Above 60 tons
By Application
o Construction
o Industrial
o Utilities
o Others
By End-Use Industry
o Construction
o Mining and Quarrying
o Manufacturing
o Oil and Gas
o Power Generation
o Logistics and Transportation
o Others
By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East & Africa
Recent Developments
• ACE Ltd. introduced a new range of electric pick and carry cranes with zero tailpipe emissions.
• Escorts Limited launched IoT-enabled smart cranes to enhance fleet tracking and preventive maintenance.
• TIL Limited unveiled high-capacity cranes designed for heavy-duty industrial applications.
• SANY Group developed an energy-efficient hybrid crane model optimized for mining and infrastructure projects.
• Liebherr expanded its product line with compact cranes tailored for urban construction environments.
• Zoomlion announced a partnership with global telematics providers to integrate digital safety systems in its cranes.
Regional Insights
Asia-Pacific dominates the global pick and carry crane market, accounting for over 55% of total demand, led by India, China, and Southeast Asia, where rapid infrastructure expansion and industrialization are key growth drivers. North America and Europe are experiencing increasing adoption in construction and logistics sectors, driven by modernization of existing infrastructure and warehouse automation. Meanwhile, Latin America and the Middle East & Africa regions are emerging markets, fueled by energy projects, mining activities, and government-led urban development initiatives that demand versatile and efficient lifting machinery.
Market Outlook
The pick and carry crane market outlook for 2025-2033 remains highly optimistic, supported by rapid advancements in lifting technologies, sustainable energy initiatives, and ongoing infrastructure expansion. The market will witness a shift toward electrification and digitalization, aligning with global decarbonization trends and smart construction goals. Manufacturers are investing heavily in electric and hybrid cranes, incorporating telematics, automated control systems, and AI-driven diagnostics to improve operational efficiency and reduce downtime.
Moreover, the rising focus on worker safety and ergonomic crane designs will play a pivotal role in shaping market trends. As construction projects become increasingly complex and space-constrained, demand for compact, maneuverable cranes is set to surge. Emerging economies will continue to drive volume growth, while developed markets will focus on replacing aging fleets with next-generation, intelligent models.
The integration of predictive maintenance tools and data analytics will also redefine equipment lifecycle management, offering users greater reliability and cost-effectiveness. With growing adoption across mining, logistics, and renewable energy projects, the global pick and carry crane market is expected to evolve into a technologically advanced, sustainable, and high-efficiency industry by 2033.
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DataHorizzon is a market research and advisory company that assists organizations across the globe in formulating growth strategies for changing business dynamics. Its offerings include consulting services across enterprises and business insights to make actionable decisions. DHR's comprehensive research methodology for predicting long-term and sustainable trends in the market facilitates complex decisions for organizations.
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