According to the latest report by DataIntelo, the Modular Crane Rental Market is expected to grow from USD 12.4 billion in 2023 to USD 21.6 billion by 2032, expanding at a healthy CAGR of 6% over the forecast period. The increasing demand for temporary lifting solutions in infrastructure development, logistics, and industrial sectors is fueling market growth.
The rise in construction activities, particularly in emerging economies, is generating significant demand for flexible, high-capacity modular cranes. These cranes offer cost-efficient and customizable lifting solutions, especially for short-term projects, making rentals a preferred choice over ownership for many businesses.