logo

Australia Mobile Cranes Rental Market Size (2024 - 2029)

The Australia Mobile Cranes Rental Market is poised for growth, driven by a shift towards rental services due to the high capital costs of purchasing new cranes. The market's expansion is supported by increased investments in residential and commercial projects, as well as significant infrastructure development across various sectors. The preference for renting mobile cranes is rising, particularly in urban areas experiencing construction booms. This trend, coupled with the entry of more rental businesses investing in larger, more efficient cranes, is expected to enhance the market's scale and scope over the forecast period.

Home Market Analysis Automotive Research Automotive Services Research Equipment Rental Research Lifting Equipment Rental Research Crane Rental Research Australia Mobile Cranes Rental Industry Market Size

Market Size of Australia Mobile Cranes Rental Industry

Australia Mobile Cranes Rental Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 352.19 Million
Market Size (2029) USD 445.44 Million
CAGR (2024 - 2029) 4.81 %
Market Concentration Low

Major Players

Australia Mobile Cranes Rental Market Major Players

*Disclaimer: Major Players sorted in no particular order

Australia Mobile Cranes Rental Market Analysis

The Australia Mobile Cranes Rental Market size is estimated at USD 352.19 million in 2024, and is expected to reach USD 445.44 million by 2029, growing at a CAGR of 4.81% during the forecast period (2024-2029).

The impact of the COVID-19 pandemic on the crane rental market was negative. The shutdown of several manufacturing facilities and the halt of investment in the construction sector hindered crane rental services across the country. After a short period of decline, the economy of the country began to rise and encouraged investment in residential and commercial projects. Such a rise in investment across the country witnessed major growth in the market.

Over the medium term, the growing consumer trend toward the crane rental service due to the high purchasing cost of new cranes that require a large amount of capital is likely to witness major growth in the market.

Australia is now encountering an apartment construction boom. The cranes are littering the horizons of Australia's biggest urban communities, especially in inner-city territories. The construction industry holds a significant share of the Australian economy.

Preference for mobile cranes on a rental basis rather than purchasing is increasing due to low cost. This coupling with increasing investment in various construction industries is expected to drive the Australian mobile crane market growth. Australia is witnessing significant infrastructure growth owing to an increase in investment across the country. Infrastructure, such as Social Infrastructure, Transportation Infrastructure, Extraction Infrastructure, and industrial Infrastructure. Such an increase in infrastructure development across the country is creating lucrative opportunities for mobile crane rental services during the forecast period.

With an increasing number of mobile crane rental businesses investing in larger and more mobile cranes for better operational efficiency, the crane rental market is expected to grow in Australia.

Australia Mobile Cranes Rental Industry Segmentation

Crane is a lifting device that is equipped with ropes, wires, and sheaves to lift and load the material. Mobile Crane rental service is a service that helps customer to rent a crane for short periods. A short period generally ranges from a few hours to a few weeks.

Australia's mobile crane rental market is segmented into product type, rental length, and application. Based on the product type, the market is segmented into all terrain crane, articulated crane, truck mounted crane, and others (rough terrain cranes, etc.). Based on the rental length, the market is segmented into short-term and long-term. Based on the application, the market is segmented into construction, mining & excavation, marine & offshore, and industrial

For each segment, market sizing and forecast have been done on the basis of value (USD).

Product Type
All-Terrain Cranes
Articulated Cranes
Truck Mounted Cranes
Others (Rough Terrain Cranes, etc.)
Rental Type
Short-Term
Long-Term
Application
Construction
Mining & Excavation
Marine & Offshore
Industrial
Need A Different Region Or Segment?
Customize Now

Australia Mobile Cranes Rental Market Size Summary

The Australian mobile crane rental market is poised for significant growth over the forecast period, driven by increasing investments in infrastructure and construction projects across the country. The preference for renting mobile cranes over purchasing them is gaining traction due to the high capital costs associated with new crane acquisitions. This trend is further bolstered by the ongoing apartment construction boom and the expansion of various infrastructure sectors, including social, transportation, extraction, and industrial infrastructure. The market is also benefiting from the rise in foreign direct investment and government initiatives aimed at enhancing the country's infrastructure, which is expected to create lucrative opportunities for mobile crane rental services.

The demand for all-terrain cranes is particularly strong, as these cranes offer enhanced operability and flexibility, making them ideal for challenging construction sites. The oil and gas industry, a significant contributor to Australia's GDP, is also driving the demand for such cranes, especially in remote areas with no road access. The Australian government's substantial investment plans over the next decade, coupled with a robust pipeline of public sector projects, are set to further propel the market. The fragmented nature of the market, with several key players engaging in mergers and acquisitions, is indicative of the competitive landscape and the potential for continued expansion in the mobile crane rental sector.

Explore More

Australia Mobile Cranes Rental Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

      1. 1.1.1 Rising Infrastructure Development and Construction Activities

    2. 1.2 Market Restraints

      1. 1.2.1 Stringent Safety Norms

    3. 1.3 Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value - USD)

    1. 2.1 Product Type

      1. 2.1.1 All-Terrain Cranes

      2. 2.1.2 Articulated Cranes

      3. 2.1.3 Truck Mounted Cranes

      4. 2.1.4 Others (Rough Terrain Cranes, etc.)

    2. 2.2 Rental Type

      1. 2.2.1 Short-Term

      2. 2.2.2 Long-Term

    3. 2.3 Application

      1. 2.3.1 Construction

      2. 2.3.2 Mining & Excavation

      3. 2.3.3 Marine & Offshore

      4. 2.3.4 Industrial

Australia Mobile Cranes Rental Market Size FAQs

The Australia Mobile Cranes Rental Market size is expected to reach USD 352.19 million in 2024 and grow at a CAGR of 4.81% to reach USD 445.44 million by 2029.

In 2024, the Australia Mobile Cranes Rental Market size is expected to reach USD 352.19 million.

Australia Mobile Cranes Rental Market Report Snapshots

Australia Mobile Cranes Rental Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)