Truck-Mounted Lifting, Handling & Access Equipment Market Will Surpass USD 22.23 Bn by 2034, at 7.9% CAGR from 2025 to 2034
The truck-mounted lifting, handling & access equipment market size was valued at USD 9.58 billion in 2024 and is expected to reach USD 22.23 billion by 2034, growing at a CAGR of 7.9%. Truck-mounted lifting, handling, and access equipment includes machinery permanently installed on a commercial truck chassis to elevate personnel, lift heavy loads, or position materials. Major products include mobile cranes, aerial work platforms (boom lifts), knuckle-boom cranes, and telehandlers, used across construction, utilities, and logistics.
What’s Included in Truck-mounted lifting, handling and access equipment Report?
Our latest market report is based on an in-depth study of major delivery methods and therapeutic applications. It includes not only a competitive landscape review but also profiles of leading participants with a focus on technology, financials, and recent developments. The geographic scope covers all major regions, integrating SWOT and PESTEL analyses to support strategic and investment decisions.
What are Driving Factors and Emerging Trends of Truck-Mounted Lifting, Handling & Access Equipment Market?
According to our analysis, the truck-mounted lifting and access equipment industry is growing rapidly. Here are the primary drivers we identified:
- Growing Infrastructure and Construction Activities: Due to the dependence on mounted solutions for lifting material components, and enable tough work with a great speed and precision.
- Expansion of Rental Fleets and Refurbishment Demand: due to its affordable option for small and mid-sized companies.
- Adoption of Telematics & Data: Telematics integration as a standard feature provides fleet managers with critical data on utilization, location, and maintenance needs, optimizing total cost of ownership.
- Electrification & Sustainability Push: This is due to the demand for zero-emission, electric-powered access platforms and cranes for noise-sensitive and indoor applications.
Analysts examined these drivers and trends, factoring in rates of technological change, infrastructure developments, and regional market dynamics to provide accurate forecasts and actionable insights.
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Which Key Segments are Driving Truck-Mounted Lifting, Handling & Access Equipment Market?
By Equipment Type Analysis
In 2024, the truck-mounted loader cranes segment dominated the market. This is driven by its widespread use, efficiency, and versatility for different industrial application.
By Application Analysis
The non-rental segment is expected to witness significant growth during the forecast period attributed to the rising investments aimed for great control for equipment availability and efficiency for operational tasks.
Which is Dominating Region in Truck-Mounted Lifting, Handling & Access Equipment Market?
Europe: In 2024, Europe accounted for 42.75% of global revenue share due to its developed infrastructure, construction, and utilities that regularly adopt advanced equipment.
Asia Pacific: Asia Pacific is projected to grow at a CAGR of 8.7% from 2025 to 2034. This is due to the adoption of mobile lifting and versatile equipment for project improvement.
Where is Truck-Mounted Lifting, Handling & Access Equipment Market Headed?
According to our analysts, the truck-mounted lifting and access equipment industry is at an exciting growth phase. The truck-mounted equipment market is headed toward a phase of smart, sustainable growth.
The public infrastructure investment, creating a solid demand drives the growth. The strategic shift towards the rapid integration of electrification for urban compliance and lower TCO, alongside integration of telematics and data analytics further boost the expansion. These technologies are transforming the value proposition from asset ownership to data-driven fleet optimization and predictive service models, highlighting both innovation and fleet renewal.
What Truck-mounted lifting, handling and access equipment Market Report Reveals?
- What is the global market size, growth trend, and CAGR for truck-mounted lifting and access equipment through 2034?
- What are the factors driving the market growth?
- Who are the top companies, and what is their relative position in terms of competitive positioning?
- How do different equipment type, including truck-mounted aerial platforms, truck-mounted loader cranes, truck-mounted forklifts, influence the market landscape?
- How does the market differ in equipment type, application, and geography, and which are the leading sectors?
- What are the trends in the regions of North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa?
Who are Major Truck-mounted lifting, handling and access equipment Market Contributors?
According to our study, a few firms are leading in the global market. The following are some of the major market contributors:
- Altec Industries
- Liebherr Group
- Manitowoc Cranes
- Oshkosh Corporation / JLG Industries
- Palfinger AG
- SANY Heavy Industry
- Tadano Ltd.
- Terex Corporation
- XCMG Group
- Zoomlion Heavy Industry
Market Segments Covered
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
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Netherland
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Malaysia
- South Korea
- Indonesia
- Australia
- Rest of Asia Pacific
- Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Rest of Middle East & Africa
