Reports
Truck-Mounted Lifting, Handling & Access Equipment Market Growth Opportunity, 2025-2034
REPORT DETAILS
REPORT DETAILS
ABOUT THIS REPORT
Market Statistics
What is the Current Market Size?
The global truck-mounted lifting, handling & access equipment market size was valued at USD 9.58 billion in 2024, growing at a CAGR of 7.9% from 2025–2034. Key factors driving demand for truck-mounted lifting, handling & access equipment include infrastructure investments, rapid urbanization, and technological advancements.
Key Insights
- The truck-mounted loader cranes segment dominated the market in 2024. This is due to the lifting and loading operations, which reduce the need for separate machinery.
- The non-rental segment is expected to witness significant growth over the forecast period, driven by rising investments, increased focus on fleet management, and the integration of advanced lifting technologies.
- The Europe truck-mounted lifting, handling & access equipment market accounted for 42.75% of the global market share in 2024. This is due to the developed infrastructure, construction, and utilities.
- The Asia Pacific market is projected to grow at a CAGR of 8.7% from 2025 to 2034, driven by the expansion of modern manufacturing capabilities and the availability of cost-sensitive equipment.
Industry Dynamics
- Growing infrastructure and construction activities are boosting market growth.
- The expansion of rental fleets and refurbishment demand drives the need for the best service.
- Rising material and regulatory compliance costs are putting pressure on profitability.
- The expansion of global infrastructure and modernization is boosting demand for advanced equipment.
Market Statistics
- 2024 Market Size: USD 9.58 billion
- 2034 Projected Market Size: USD 22.23 billion
- CAGR (2025-2034): 7.9%
- Europe: Largest market in 2024
What Does Truck-Mounted Lifting, Handling & Access Equipment Landscape Includes?
Truck-mounted lifting, handling, and access equipment is mounted to a truck chassis for mobile, self-propelled, and portable operation. Infrastructure investments, rapid urbanization, and technological advancements drive the market. This transition to advanced technology is now evident in the introduction of electrification, hybrids, IoT technology-enabled systems, and electric Power Take-Off systems. The transition has also created a robust pathway toward sustainable and efficient operations that meet strict emissions and safety regulations. In September 2025, Cummins Inc. and Komatsu Ltd. formed a global partnership to support the development of hybrid powertrains for large surface-haulage mining. This new partnership's aspirations define pathways to power technology solutions that advance decarbonization in large mining haul truck applications.
The growth of e-commerce and logistics has transformed the movement of materials and last-mile delivery operations. According to a Census Bureau report from the Department of Commerce, total U.S. retail sales in the second quarter of 2025 were estimated at USD 1,865.4 billion, an increase of 0.4%, highlighting the growing need for effective equipment. Equipment on the market meets this need by enabling faster loading and unloading, safer handling of varying loads, and increased overall productivity of transport fleets. Moreover, companies are now aiming for effective loading, unloading, and handling equipment that performs reliably across varied delivery environments as supply chains and delivery volumes continue to grow. The need for compact lifting and access solutions to integrate into logistics vehicles boost the demand. Businesses want to streamline operations and achieve faster delivery times. Thus, efficiency, flexibility, and operational speed make this market a key enabler of the modern logistics ecosystem.
Drivers & Opportunities
What are the Factors Driving the Market Growth?
Growing Infrastructure and Construction Activities: The expansion of infrastructure and construction projects requires efficient, versatile, and mobile equipment to support the on-site tasks. According to a buildings global status report between 2022 and 2023, global floorspace increased by 5 billion square metres, and total construction of buildings reached over 260 billion square metres. Companies are now relying on mounted solutions for lifting material components, and enable tough work with a great speed and precision. These machines provide flexibility to move between different sites without any need for specific transport, which makes them ideal for changing project requirements. Furthermore, the increasing focus on productivity and worker safety encourages contractors to adopt this equipment to ensure stable performance and reduce manual tasks.
Expansion of Rental Fleets and Refurbishment Demand: Service providers and contractors prefer renting this equipment for short-term project needs due to the high investment. The rental trend encourages companies to expand their fleets with high-performance and modern equipment to serve the needs of customers. The increasing interest in used equipment is due to its affordable option for small and mid-sized companies. Refurbishment boost the life of existing assets with offering practical alternatives instead of purchasing new equipment. Moreover, rental and refurbished offers flexibility which allow businesses to boost their operations without long-term financial responsibility. Contractors also find it helpful to adopt fluctuation in workloads and different project requirements. Therefore, both of the services strengthen the equipment ecosystem by ensuring the enhancement and availability of operational efficiency.
Supply Chain & Input Cost Analysis
| Aspect | Insight |
| Raw Material Costs | The increase in costs due to increased pricing pressure from steel and hydraulic components led to price updates for truck-mounted cranes and surcharges for supply and demand systems in 2024 and 2025. |
| Supply Chain Disruptions | Supply chain disruptions have impacted the delivery times of truck-mounted crane parts needed to supply projects such as electronics and high-tensile steel to deploy crane equipment and meet timelines. |
| Equipment Rental & Operating Costs | The rental cost established in the official state transportation rental schedule shows mechanical trucks with mounted lifts at USD 13/hour (USD 63,000 basis), which includes fuel and maintenance costs in 2024. |
| Company Orders & Supply Chain Expansion | Supply contract for eight heavy-duty overhead cranes that exceed market durability and energy-efficiency standards, Konecranes announced an investment in its supply chain while ensuring the quality and performance of its equipment. |
| Capital Expenditure Trends | Truck-mounted cranes invest USD 50,000 and higher, up to USD 550,000, with configuration. Also includes the newly increased ongoing complexity of costs associated with labour, tariffs, and supply chain regulatory updates. |
Segmental Insights
Equipment Type Analysis
Based on equipment type, the segmentation includes truck-mounted aerial platforms, truck-mounted loader cranes, truck-mounted forklifts. The truck-mounted loader cranes segment dominated the market in 2024 due to its widespread use, efficiency, and versatility for different industrial application. Loader cranes allow lifting and loading operations from the truck, which reduce the need for separate machinery for lifting and other purposes and it also helps with reduction of time for on-site handling. Their design is very compact, providing adaptability, maneuverability, and ability to operate in small places, making them essential for utilities, construction, and transportation. Moreover, Hydraulic system and control technologies advances have boosted reliability, safety, and performance to increase their market presence. Therefore, adoption of self-sufficient and flexible equipment continues to be the most practical and cost-effective solution for different field works.
Application Analysis
In terms of application, the segmentation includes rental and non-rental. The non-rental segment is expected to witness significant growth during the forecast period due to the rising investments aimed for great control for equipment availability and efficiency for operational tasks. Construction, public services, and logistics companies prefer to purchase equipment to ensure the uninterrupted execution of projects with customized use. Ownership enables organizations to tailor the machine's operation to the specialized needs of projects, enhancing operations and boosting productivity. Furthermore, the growing focus on fleet management and the integration of advanced lifting technologies also support the shift towards direct purchase. Thus, as companies reduce their reliance on external rental options and maintain consistent workflows, demand for the non-rental segment continues to expand.
Regional Analysis
Europe truck-mounted lifting, handling & access equipment market accounted for 42.75% of global revenue share in 2024. This dominance is attributed to Europe's developed industry and strong focus on efficiency, safety, and regulatory compliance. This region also benefits from developed infrastructure, construction, and utilities that regularly adopt advanced equipment for changing projects and operations. According to the European Union report, in November 2024, construction production grew by 0.6% in the euro area and by 0.8% in the EU, highlighting the opportunities for reliable truck lifting solutions. Moreover, the top technology companies and manufacturers support the ongoing development and adoption of modern solutions. The well-structured approach for fleet modernization and operation sustainability also contributes to the dominance of the European market. Thus, as this region continues to adopt high-performance, reliable equipment, demand will grow.
Asia Pacific Truck-Mounted Lifting, Handling & Access Equipment Market
The market in the Asia Pacific is projected to grow at a CAGR of 8.7% from 2025 to 2034, owing to the rapid urbanization, expansion of industrial activities, and rising investments in infrastructure development. The APAC logistics and construction sector is witnessing growth, this boosts the adoption of mobile lifting and versatile equipment to meet and improve project efficiency and operational demands. These solutions are preferred as crucial tools for fast project environments. Moreover, the expansion of smart manufacturing capability and the availability of cost-sensitive equipment also contribute to the market growth. Therefore, as this region continues to offer growth opportunities, the industry is expected to evolve towards more mechanized, streamlined operations.
Key Players & Competitive Analysis Report
Rising competition in the truck-mounted lifting, handling, and access equipment marketplace is driven by technological development and accompanying economic and geopolitical shifts. Major vendor focuses are on activating new revenue opportunities in emerging markets; yet, they still connect sustainable value chains within developed markets. Competitive intelligence and strategy are essential to empower small and medium-sized businesses (SMEs) to successfully navigate this competitive environment, particularly as larger players invest in strategic initiatives, mergers, and acquisitions to gain a competitive advantage. Gaining an understanding of latent demand and opportunity, and evaluating both disruptions and trends, will differentiate leading competitors in the global truck-mounted equipment market. Moreover, the ability to leverage and modify future development strategies to pursue market expansion opportunities or emerging market segments, and to ensure sustainable growth while competing in a constantly advancing sector, matters most.
Major companies operating in the truck-mounted lifting, handling & access equipment industry include Altec Industries, Liebherr Group, Manitowoc Cranes, Oshkosh Corporation / JLG Industries, Palfinger AG, SANY Heavy Industry, Tadano Ltd., Terex Corporation, XCMG Group, Zoomlion Heavy Industry.
Key Players
- Altec Industries
- Liebherr Group
- Manitowoc Cranes
- Oshkosh Corporation / JLG Industries
- Palfinger AG
- SANY Heavy Industry
- Tadano Ltd.
- Terex Corporation
- XCMG Group
- Zoomlion Heavy Industry
Industry Developments
- November 2025: Pekkaniska launched a new division for truck-mounted aerial platforms, collaborating with Multitel Pagliero as its supplier. The platform offers a maximum working height of 27m, and its telescopic boom achieves a horizontal outreach of 17 m with a 100 kg load, retaining a capacity of 250 kg at 12.3 m.
- March 2025: Manitowoc launched low-cost Grove truck-mounted cranes alongside two new models – the Grove TMC 250 and Grove TMC 750. These models are tailored for customers in the Middle East, Africa, and CIS regions.
Truck-Mounted Lifting, Handling & Access Equipment Market Segmentation
By Equipment Type Outlook (Revenue, USD Billion, 2020–2034)
- Truck-Mounted Aerial Platforms
- Truck-Mounted Loader Cranes
- Truck-Mounted Forklifts
By Application Outlook (Revenue, USD Billion, 2020–2034)
- Rental
- Non-Rental
By Regional Outlook (Revenue, USD Billion, 2020–2034)
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Netherlands
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Malaysia
- South Korea
- Indonesia
- Australia
- Vietnam
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
Truck-Mounted Lifting, Handling & Access Equipment Market Report Scope
| Report Attributes | Details |
| Market Size in 2024 | USD 9.58 Billion |
| Market Size in 2025 | USD 11.25 Billion |
| Revenue Forecast by 2034 | USD 22.23 Billion |
| CAGR | 7.9% from 2025 to 2034 |
| Base Year | 2024 |
| Historical Data | 2020–2023 |
| Forecast Period | 2025–2034 |
| Quantitative Units | Revenue in USD Billion and CAGR from 2025 to 2034 |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Industry Trends |
| Segments Covered |
|
| Regional Scope |
|
| Competitive Landscape |
|
| Report Format |
|
| Customization | Report customization as per your requirements with respect to countries, regions, and segmentation. |
FAQ's
The global market size was valued at USD 9.58 billion in 2024 and is projected to grow to USD 22.23 billion by 2034.
The global market is projected to register a CAGR of 7.9% during the forecast period.
Europe market accounted for 42.75% of global revenue share in 2024.
A few of the key players in the market are Altec Industries, Liebherr Group, Manitowoc Cranes, Oshkosh Corporation / JLG Industries, Palfinger AG, SANY Heavy Industry, Tadano Ltd., Terex Corporation, XCMG Group, Zoomlion Heavy Industry.
The truck-mounted loader cranes segment dominated the market in 2024.
The non-rental segment is expected to witness significant growth during the forecast period.
Download Sample Report of Truck-Mounted Lifting, Handling & Access Equipment Market
Please fill out the form to request a customized copy of the research report.
