The global crane market is projected to grow from $35.82 billion in 2026 to $43.78 billion by 2031, at a CAGR of 4.1%. Growth is fueled by rising investments in public infrastructure, large construction projects, and renewable energy installations like wind and solar farms. Innovations such as electric and hybrid cranes and telematics systems are improving efficiency and reducing costs. Key regional growth is seen in the Middle East, Africa, and Asia-Pacific, supported by infrastructure upgrades and industrial expansion.
The crane market size is forecasted to reach USD 43.78 billion by 2031. For readers following Industrials-sector stocks, here is Pluang's market snapshot as of Oct 15, 2026 21:11 WIB: out of 136 priced stocks, 65 rose and 69 fell. Notable movers include Powell Industries (POWL) at USD 156.84 with a 7.49% decline and 100% buy orders on Pluang, Comfort Systems USA Inc (FIX) at USD 1,428.22 down 7.36%, and T1 Energy Inc. (TE) at USD 2.69 down 7.24%.
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