Is the crane rental market booming? Exploring 2024’s global growth and regional trends

Niamh Marriott Deputy Editor, International Cranes and Specialized Transport

28 January 2025

In 2024, the global crane rental market experienced significant growth, driven by increased construction activities, infrastructure development, and industrial expansion across Europe, Asia, and the USA. Crane and Transport Briefing reports.

In Europe in particular, the market benefited from infrastructure upgrades and sustainable building initiatives which are being adopted by a large number of companies, while Asia-Pacific, particularly China and India, saw rapid expansion due to increased urbanisation and industrialisation.

Rental rates remained competitive, with a growing preference for renting over purchasing cranes due to cost-effectiveness and flexibility. This trend was evident across various regions.

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