Global Cranes Rental Market to Reach $78.2 Billion by 2030
The global market for Cranes Rental estimated at US$52.9 Billion in the year 2023, is expected to reach US$78.2 Billion by 2030, growing at a CAGR of 5.7% over the period 2023-2030. Mobile Cranes Rental, one of the segments analyzed in the report, is expected to record 6% CAGR and reach US$53.1 Billion by the end of the analysis period. Growth in the Fixed Cranes Rental segment is estimated at 5.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $13.9 Billion, While China is Forecast to Grow at 8.7% CAGR
The Cranes Rental market in the U.S. is estimated at US$13.9 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$17.8 Billion by the year 2030 trailing a CAGR of 8.7% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 4.6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.
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