Deck Crane Global Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application, Product Type

Deck Crane Market Overview

The global deck crane market is projected to witness significant growth from 2025 to 2030, driven by increasing maritime trade activities, advancements in shipbuilding technologies, and the rising demand for efficient cargo handling systems. Deck cranes are essential equipment used on various types of ships, including cargo ships, engineering ships, and auxiliary ships, for loading and unloading operations. The market is expected to grow at a compound annual growth rate (CAGR) of 4.8% during the forecast period, reaching a market size of approximately $1.2 billion by 2030.

Market Size and Growth

The deck crane market was valued at $850 million in 2024 and is anticipated to expand to $1.2 billion by 2030, growing at a CAGR of 4.8%. The growth is attributed to the increasing demand for advanced deck cranes in the shipping industry, particularly in emerging economies. The Asia-Pacific region is expected to dominate the market, accounting for 45%-50% of the global market share by 2030.

Market Share & Trends Analysis

By Product Type

• Single Arm Deck Crane: This segment held a market share of 60%-65% in 2024, driven by its widespread use in cargo ships and engineering vessels. The segment is expected to grow at a CAGR of 4.5% during the forecast period.
• Double Arm Deck Crane: This segment accounted for 35%-40% of the market share in 2024. The demand for double arm deck cranes is increasing due to their higher load capacity and efficiency, with a projected CAGR of 5.2% from 2025 to 2030.

By Key Players

The global deck crane market is highly competitive, with key players such as TTS, MacGregor, Liebherr, Iknow Machinery, Mitsubishi Heavy Industries, Kawasaki Heavy Industries, TSC Group, Jiangsu Yuanwang, Yufei Heavy Industries Group, Wuhan Marine Machinery Plant, and Jiangsu Masada. These companies are focusing on product innovation, strategic partnerships, and mergers & acquisitions to strengthen their market position.

By Process

The deck crane market is segmented by process into hydraulic and electric deck cranes. Hydraulic deck cranes dominated the market with a share of 70%-75% in 2024, owing to their high load capacity and durability. Electric deck cranes are expected to witness faster growth, with a CAGR of 5.5%, due to their energy efficiency and lower operational costs.

By Application

• Cargo Ship: This application segment held the largest market share of 50%-55% in 2024, driven by the increasing global trade activities. The segment is expected to grow at a CAGR of 4.7% during the forecast period.
• Engineering Ship: The engineering ship segment accounted for 20%-25% of the market share in 2024, with a projected CAGR of 5.0% from 2025 to 2030.
• Auxiliary Ship: This segment held a market share of 15%-20% in 2024 and is expected to grow at a CAGR of 4.9% during the forecast period.
• Others: The Others segment, which includes specialized vessels, accounted for 5%-10% of the market share in 2024.

By End-Use

The deck crane market is segmented by end-use into commercial and military applications. The commercial segment dominated the market with a share of 80%-85% in 2024, driven by the growing demand for cargo ships and offshore support vessels. The military segment is expected to grow at a CAGR of 4.0% during the forecast period.

By Region

• Asia-Pacific: The Asia-Pacific region held the largest market share of 45%-50% in 2024, driven by the rapid growth of the shipbuilding industry in countries like China, South Korea, and Japan. The region is expected to grow at a CAGR of 5.0% during the forecast period.
• Europe: Europe accounted for 25%-30% of the market share in 2024, with a projected CAGR of 4.5% from 2025 to 2030.
• North America: The North American market held a share of 15%-20% in 2024 and is expected to grow at a CAGR of 4.2% during the forecast period.
• Rest of the World: The rest of the world, including Latin America, the Middle East, and Africa, accounted for 5%-10% of the market share in 2024.

Market News on Policy and Companies

Recent developments in the deck crane market include:

• Policy Changes: Governments worldwide are implementing stricter regulations on maritime safety and environmental protection, which is driving the demand for advanced deck cranes with enhanced safety features and energy efficiency.
• Company News: Key players like TTS and MacGregor have announced new product launches and strategic partnerships to expand their market presence. For instance, TTS recently introduced a new line of electric deck cranes with advanced automation features, while MacGregor partnered with a leading shipbuilder to develop customized deck crane solutions for offshore vessels.

Segment Forecasts, 2025 - 2030

The deck crane market is expected to witness steady growth across all segments during the forecast period. The single arm deck crane segment is projected to maintain its dominance, while the double arm deck crane segment is expected to grow at a faster rate. The Asia-Pacific region will continue to lead the market, driven by the rapid expansion of the shipbuilding industry in the region. Key players are expected to focus on innovation and strategic collaborations to capitalize on the growing demand for advanced deck cranes.

Conclusion

The global deck crane market is poised for significant growth from 2025 to 2030, driven by increasing maritime trade activities, advancements in shipbuilding technologies, and the rising demand for efficient cargo handling systems. The market is expected to grow at a CAGR of 4.8%, reaching a market size of approximately $1.2 billion by 2030. Key players are focusing on product innovation and strategic partnerships to strengthen their market position, while governments worldwide are implementing stricter regulations to drive the demand for advanced deck cranes.