Articulating Knuckle Boom Cranes Market Demand, Size and Outlook 2034
Global Articulating Knuckle Boom Cranes Market Growth, Size, Trends Analysis- By Mounting Type, By Product, By Capacity, By End Users - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Aug-2025 | Report ID: COAM2507 | Pages: 1 - 239 | Formats*: |
| Category : Construction & Manufacturing | |||
Articulating Knuckle Boom Cranes Market Introduction and Overview
According to SPER Market Research, the Global Articulating Knuckle Boom Cranes Market is estimated to reach USD 2.06 billion by 2034 with a CAGR 4.29%.
The report includes an in-depth analysis of the Global Articulating Knuckle Boom Cranes Market, including market size and trends, product mix, Applications, and supplier analysis. The global Articulating Knuckle Boom Cranes Market was valued at USD 1.36 billion in 2024 and is projected to grow at a CAGR of 4.29% from 2025 to 2034. The growing investment in infrastructure and the rise of megacities have driven demand for cranes across all construction phases, including hospitals, buildings, and other structures. This surge has significantly boosted the articulating knuckle boom cranes market. Their compact, self-propelled design allows quicker setup and operation, reducing downtime and increasing productivity, making them a preferred choice for modern, efficient lifting solutions.
By Mounting Type:
The truck-mounted segment maintains a leading position in the market and is projected to experience consistent growth. Unlike stationary cranes, truck-mounted knuckle boom cranes can move independently between job sites, offering greater flexibility and higher usage rates for companies managing multiple projects. Their compact size and ease of driving make them well-suited for tight urban spaces and congested work areas. By combining the chassis, crane, and operator cabin into one unit, they simplify logistics, minimize setup time, and enhance overall operational efficiency.
By Capacity:
At present, the segment with a capacity below 10 tons leads the articulating knuckle boom cranes market. These lower-capacity cranes offer greater versatility, making them suitable for a variety of tasks such as construction, maintenance, manufacturing, and event setup. Additionally, they come with lower upfront and operating costs compared to higher-capacity models, making them more attractive to smaller businesses, budget-conscious contractors, and rental companies serving diverse short-term lifting needs.
Regional Insights:
North America led the global articulating knuckle boom cranes market in 2023, holding a substantial share. The region benefits from a dynamic market landscape marked by steady growth and ongoing technological innovation. Key industries such as construction, logistics, and forestry are major contributors to rising demand. Moreover, strict safety regulations and a growing focus on operational efficiency further support market expansion. The presence of well-established players and continuous advancements in crane technology continue to reinforce North America’s strong position in the global market.
Market Competitive Landscape:
The global Articulating Knuckle Boom Cranes Market is moderately consolidated. Key companies include: Amco Veba, ATLAS GmbH, Bonfiglioli Group, Copma Cranes, Fassi Gru S.p.A., Manitex International Inc, PALFINGER AG, PM Group S.p.A., Sany, XCMG Group.
Recent Developments:
- In March 2023, Manitex International introduced the TC850 Series Truck-Mounted Crane, featuring an 85-ton lifting capacity and an innovative outrigger design that removes the need for a front jack. This new model is designed to enhance efficiency and ease of use, catering to the needs of various industries looking for reliable and powerful lifting solutions.
- In October 2023, Optilift joined forces with Palfinger on Aker BP’s project to develop autonomously operated offshore knuckle boom cranes. The initiative focuses on designing cranes that can transfer cargo from supply vessels to offshore platforms without human input. This partnership highlights Optilift’s commitment to advancing remote-controlled crane technology and its practical application in offshore environments.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Mounting Type, By Product, By Capacity, By End Users |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | Amco Veba, ATLAS GmbH, Bonfiglioli Group, Copma Cranes, Fassi Gru S.p.A., Manitex International Inc, PALFINGER AG, PM Group S.p.A., Sany, XCMG Group. |
Key Topics Covered in the Report
- Global Articulating Knuckle Boom Cranes Market Size (FY’2021-FY’2034)
- Overview of Global Articulating Knuckle Boom Cranes Market
- Segmentation of Global Articulating Knuckle Boom Cranes Market By Mounting Type (Truck, Stationary)
- Segmentation of Global Articulating Knuckle Boom Cranes Market By Product (Electric, Diesel, Hydraulic)
- Segmentation of Global Articulating Knuckle Boom Cranes Market By Capacity (Below 10 Ton, 10 to 50 Ton, 50 to 100 Ton, Above 100 Ton)
- Segmentation of Global Articulating Knuckle Boom Cranes Market By End-Users (Rental, Construction, Mining, Oil & Gas, Energy, Forestry, Marine, Others)
- Statistical Snap of Global Articulating Knuckle Boom Cranes Market
- Expansion Analysis of Global Articulating Knuckle Boom Cranes Market
- Problems and Obstacles in Global Articulating Knuckle Boom Cranes Market
- Competitive Landscape in the Global Articulating Knuckle Boom Cranes Market
- Details on Current Investment in Global Articulating Knuckle Boom Cranes Market
- Competitive Analysis of Global Articulating Knuckle Boom Cranes Market
- Prominent Players in the Global Articulating Knuckle Boom Cranes Market
- SWOT Analysis of Global Articulating Knuckle Boom Cranes Market
- Global Articulating Knuckle Boom Cranes Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPERs internal database
- 2.1.4. Premium insight from KOLs
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTERs Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
6. Competitive Landscape
- 6.1. Global Articulating Knuckle Boom Cranes Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Articulating Knuckle Boom Cranes Market
7. Global Articulating Knuckle Boom Cranes Market, By Mounting Type, (USD Million) 2021-2034
- 7.1. Truck
- 7.2. Stationary
8. Global Articulating Knuckle Boom Cranes Market, By Product, (USD Million) 2021-2034
- 8.1. Electric
- 8.2. Diesel
- 8.3. Hydraulic
9. Global Articulating Knuckle Boom Cranes Market, By Capacity, (USD Million) 2021-2034
- 9.1. Below 10 Ton
- 9.2. 10 to 50 Ton
- 9.3. 50 to 100 Ton
- 9.4. Above 100 Ton
10. Global Articulating Knuckle Boom Cranes Market, By End-Users, (USD Million) 2021-2034
- 10.1. Rental
- 10.2. Construction
- 10.3. Mining
- 10.4. Oil & Gas
- 10.5. Energy
- 10.6. Forestry
- 10.7. Marine
- 10.8. Others
11. Global Articulating Knuckle Boom Cranes Market, (USD Million) 2021-2034
- 11.1. Global Articulating Knuckle Boom Cranes Market Size and Market Share
12.Global Articulating Knuckle Boom Cranes Market, By Region, 2021-2034 (USD Million)
- 12.1. Asia-Pacific
- 12.1.1. Australia
- 12.1.2. China
- 12.1.3. India
- 12.1.4. Japan
- 12.1.5. South Korea
- 12.1.6. Rest of Asia-Pacific
- 12.2. Europe
- 12.2.1. France
- 12.2.2. Germany
- 12.2.3. Italy
- 12.2.4. Spain
- 12.2.5. United Kingdom
- 12.2.6. Rest of Europe
- 12.3. Middle East and Africa
- 12.3.1. Kingdom of Saudi Arabia
- 12.3.2. United Arab Emirates
- 12.3.3. Qatar
- 12.3.4. South Africa
- 12.3.5. Egypt
- 12.3.6. Morocco
- 12.3.7. Nigeria
- 12.3.8. Rest of Middle-East and Africa
- 12.4. North America
- 12.4.1. Canada
- 12.4.2. Mexico
- 12.4.3. United States
- 12.5. Latin America
- 12.5.1. Argentina
- 12.5.2. Brazil
- 12.5.3. Rest of Latin America
13. Company Profile
- 13.1. Amco Veba
- 13.1.1. Company details
- 13.1.2. Financial outlook
- 13.1.3. Product summary
- 13.1.4. Recent developments
- 13.2. ATLAS GmbH
- 13.2.1. Company details
- 13.2.2. Financial outlook
- 13.2.3. Product summary
- 13.2.4. Recent developments
- 13.3. Bonfiglioli Group
- 13.3.1. Company details
- 13.3.2. Financial outlook
- 13.3.3. Product summary
- 13.3.4. Recent developments
- 13.4. Copma Cranes
- 13.4.1. Company details
- 13.4.2. Financial outlook
- 13.4.3. Product summary
- 13.4.4. Recent developments
- 13.5. Fassi Gru S.p.A.
- 13.5.1. Company details
- 13.5.2. Financial outlook
- 13.5.3. Product summary
- 13.5.4. Recent developments
- 13.6. Manitex International Inc
- 13.6.1. Company details
- 13.6.2. Financial outlook
- 13.6.3. Product summary
- 13.6.4. Recent developments
- 13.7. PALFINGER AG
- 13.7.1. Company details
- 13.7.2. Financial outlook
- 13.7.3. Product summary
- 13.7.4. Recent developments
- 13.8. PM Group S.p.A.
- 13.8.1. Company details
- 13.8.2. Financial outlook
- 13.8.3. Product summary
- 13.8.4. Recent developments
- 13.9. Sany
- 13.9.1. Company details
- 13.9.2. Financial outlook
- 13.9.3. Product summary
- 13.9.4. Recent developments
- 13.10. XCMG Group
- 13.10.1. Company details
- 13.10.2. Financial outlook
- 13.10.3. Product summary
- 13.10.4. Recent developments
- 13.11. Others
14. Conclusion
15. List of Abbreviations
16. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Articulating Knuckle Boom Cranes Market is projected to reach USD 2.06 billion by 2034, growing at a CAGR of 4.29% during the forecast period.
Articulating Knuckle Boom Cranes Market grew in Market size from 2025. The Market is expected to reach USD 2.06 billion by 2034, at a CAGR of 4.29% during the forecast period.
Articulating Knuckle Boom Cranes Market CAGR of 4.29% during the forecast period.
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Articulating Knuckle Boom Cranes Market size is USD 2.06 billion from 2025 to 2034.
Articulating Knuckle Boom Cranes Market is covered Mounting Type, By Product, By Capacity, By End Users
North America is anticipated to have the highest Market share in the Articulating Knuckle Boom Cranes Market.
Amco Veba, ATLAS GmbH, Bonfiglioli Group, Copma Cranes, Fassi Gru S.p.A., Manitex International Inc, PALFINGER AG, PM Group S.p.A., Sany, XCMG Group.
The report includes an in-depth analysis of the Global Articulating Knuckle Boom Cranes Market, including market size and trends, product mix, Applications, and supplier analysis
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