According to our (Global Info Research) latest study, the global Marine & Offshore Cranes market size was valued at US$ 4126 million in 2025 and is forecast to a readjusted size of US$ 6212 million by 2032 with a CAGR of 5.6% during review period.
In 2025, global Marine & Offshore Cranes production reached approximately 1,000 units,with an average global market price of around US$ 4,000,000 per unit, and a gross profit margin of approximately 20%-40%. Marine & offshore cranes are specialized lifting systems designed to operate on vessels and offshore structures to handle cargo, equipment, and mission-critical loads in harsh, dynamic maritime environments. This category includes shipboard deck cranes, pedestal-mounted slewing cranes on fixed platforms, knuckle-boom (folding) and telescopic cranes on service vessels, and heavy-lift cranes used for offshore construction, subsea operations, and wind turbine installation. Compared with land-based cranes, marine and offshore cranes must tolerate continuous vibration and motion, strong winds, saltwater corrosion, and limited maintenance access, while maintaining precise, fail-safe load control. They are typically powered by electro-hydraulic, diesel-hydraulic, hybrid, or increasingly electric drive architectures, integrated with vessel power and control systems. Key engineering requirements include high fatigue strength and structural redundancy, robust corrosion protection (coatings, sealed components, stainless hardware), safe load-holding and braking under motion, and sophisticated safety systems such as load moment protection, anti-two-block devices, emergency recovery modes, and condition monitoring.
The marine and offshore crane market is driven by a mix of newbuild and retrofit demand across commercial shipping, offshore oil and gas, offshore wind, and specialized workboat and construction fleets, with procurement typically led by project specifications rather than commodity price competition. Because downtime at sea is expensive and operational risks are high, buyers prioritize proven reliability, corrosion resistance, fatigue life, and strong global service and spare-parts support, alongside compliance with class and safety requirements. Market differentiation increasingly comes from application-focused engineering: compact folding cranes for deck space constraints, high-duty cargo handling solutions for terminals and heavy workboats, and motion-capable offshore cranes that expand safe operating windows for transfers and subsea tasks. Electrification and hybridization are gaining attention where vessel power architectures and emissions goals support them, and digital condition monitoring is becoming more common as operators and rental/contractor fleets seek better uptime planning and lifecycle cost control. Overall, the segment remains a high-compliance, high-engineering market where customization, certification expertise, and lifecycle service capability are central to winning projects across diverse marine operating environments.
This report is a detailed and comprehensive analysis for global Marine & Offshore Cranes market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Marine & Offshore Cranes market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2021-2032
Global Marine & Offshore Cranes market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2021-2032
Global Marine & Offshore Cranes market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2021-2032
Global Marine & Offshore Cranes market shares of main players, shipments in revenue ($ Million), sales quantity (Units), and ASP (K US$/Unit), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Marine & Offshore Cranes
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Marine & Offshore Cranes market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Liebherr, MacGregor, Huisman Equipment, Konecranes, Orhun Makina, Manitowoc, PALFINGER MARINE, XCMG, NOV, SMST, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Marine & Offshore Cranes market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
General Purpose Cranes
Heavy Lift Cranes
Others
Market segment by Boom Type
Lattice Boom Crane
Telescopic Boom Crane
Others
Market segment by Max. Load Capacity
Max. Load Capacity: ≤100 t
Max. Load Capacity: 100-150 t
Max. Load Capacity: ≥150 t
Market segment by Application
Wind Power
Oil and Gas
Deep Sea
Others
Major players covered
Liebherr
MacGregor
Huisman Equipment
Konecranes
Orhun Makina
Manitowoc
PALFINGER MARINE
XCMG
NOV
SMST
KenzFigee
Seatrax
SEAONICS
ITALGRU
OUCO Industry
Favelle Favco
HEILA Cranes
Remazel Engineering
Hidramar Group
HIAB
Weihua
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Marine & Offshore Cranes product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Marine & Offshore Cranes, with price, sales quantity, revenue, and global market share of Marine & Offshore Cranes from 2021 to 2026.
Chapter 3, the Marine & Offshore Cranes competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Marine & Offshore Cranes breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and Marine & Offshore Cranes market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Marine & Offshore Cranes.
Chapter 14 and 15, to describe Marine & Offshore Cranes sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Marine & Offshore Cranes. Industry analysis & Market Report on Marine & Offshore Cranes is a syndicated market report, published as Global Marine & Offshore Cranes Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of Marine & Offshore Cranes market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.