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Why Pay More for a Construction Crane? And How Much Does a Crane Cost?

Posted On: January 12, 2023 author Paul Kendall

Types of construction cranes

In certain industries, business owners have to adapt to different types of risks and costs. But if we think about the construction business, it will be very expensive because it can cost a lot of money to get up and running. When you think of construction cranes, the first thing that probably comes to mind is cost. How much does a crane cost? That’s a question we get a lot here at All terrain Cranes. And while it’s not always an easy question to answer, given the many variables involved in each project, we can give you some general guidelines to follow. In this blog post, we will explore different types of construction cranes. where to get a good deal. How much does a crane cost? We will discuss the different factors that affect the price of a crane. Read on to learn more about construction crane prices.

Types of construction cranes

There are many different types ofconstruction cranes available on the market today. The most common type of crane is the tower crane. Tower cranes are used for tall buildings and large projects. They are also used for lifting heavy loads and for moving materials around a construction site.

Other types of construction cranes include mobile cranes, crawler cranes, and telescopic cranes. Mobile cranes are used for smaller construction projects. Crawler cranes are used for larger projects, such as bridges and dams. Telescopic cranes are used for very tall buildings and other large structures.

There are many different types of construction cranes, and the cost of each one varies depending on its size, features, and capabilities. The most common type of crane is the tower crane, which is used for tall buildings. These cranes can range in price from $100,000 to $550,000. Other types of construction cranes include mobile cranes, which are used for smaller projects; bridge cranes, which are used to construct bridges; and gantry cranes, which are used in shipyards.

How much each type of crane costs


Construction cranes come in many different sizes and varieties, each with their own corresponding price tag. The cost of a crane depends on its size, lifting capacity, and features. Smaller cranes typically cost less than larger ones, and those with more lifting capacity or special features will also be pricier. There are many used cranes sold by private parties and heavy equipment auctions to find the best deal.

Here is a breakdown of the average cost of some of the most common types of construction cranes:

Tower Cranes: A tower crane is a tall crane that is often used for construction projects where very heavy loads need to be lifted, such as for high-rise buildings. They can range in cost from ($100,000 - $550,000+).

Telescopic Crane: It uses a hydraulic mechanism to extend and retract, allowing it to be transported easily while reaching high heights at the same time. They typically cost between($20,000 - $150,000+).

Boom Truck Crane: Mounted Boom Truck Cranes are typically used on different construction sites and are well equipped with a crane boom which is used to help put up buildings or to rip them down. These mobile cranes are smaller and more versatile than tower cranes, making them well-suited for use on construction sites where space is limited. They typically cost between ($125,000 - $525,000+).

Mounted Knuckle Boom Cranes: These type of cranes can lift and put things in tight places, they will deliver material at the boom tip through a variety of attachments. It looks a lot like the traditional straight boom crane, however the knuckle boom crane has two booms; a main boom and an outer boom. These two booms have a knuckle between them, which allows many more options for the loader crane operator. You can buy a used mounted knuckle boom crane for as low as $40,000 and a new Knuckle Boom Crane with the truck for $550,000+

 Crawler Cranes: For heavy lifting these cranes can lift anything. A heavy-duty machine that can move large weights, often the choice for energy and construction projects. You can buy a used crawler from from $40,000 up to $3,000,000

Bucket Trucks / Service Trucks Cranes: A bucket truck can lift construction workers or equipment required to perform a job or task more safely than a ladder in many circumstances. You can customize the lift size to your needs. This truck solves problems for fleet operators and contractors in the telecommunications, electrical utility, municipal, industrial, and forestry industry. You can buy a good used bucket truck for as low as $30,000 and a brand new bucket truck for $425,000+ depending on all the attachments and what you put in the bed of the truck.

Overhead Crane: Lifting, lowering, and moving heavy or bulky loads horizontally is the job of an overhead crane (also known as an industrial crane, crane, or overhead traveling crane) in a facility. They typically cost between($10,000 - $75,000+).

Loader Crane: Various equipment (rope winch, rotator, gripper, crane fork) expands the scope of the loader crane's application. Loader cranes make an impression thanks to their operator friendliness and cost efficiency. They typically cost between ($15,000 - $500,000+).

After reading all this I hope you understand How Much Does a Crane Cost. If you don't need the crane long term it's best to look into a crane rental from a crane rental company or sub contract the work out to crane owner operator. 

How to choose the right type of crane for your project


There are many factors to consider when choosing the right type of crane for your project. The most important factor is the lifting capacity that you require. Other important factors include the working radius, maximum load moment and calculated load, counterweight and outrigger loads, and wind speed.

The first step is to identify the lifting capacity you need by assessing the heaviest load you will need to lift and multiplying by 1.25 to account for weight fluctuations. The second step is to determine the working radius, which is the horizontal distance between the crane’s centerline and the outermost point of travel for its load-bearing beam or jib. The third step is to calculate the maximum load moment, or the force required to rotate the crane’s boom at a given angle with a given load attached. This number is important because it determines how much counterweight will be needed to stabilize the crane while in use. The fourth step is to calculate wind speed, as this needs to be factored in when choosing a crane type – some can only be used in very low winds.

Once you have considered all of these factors, you can begin narrowing down your options by looking at different types of cranes and their specific features. Finally, check the price of the mach cranes you want to see how much do cranes cost. For example, if you need a crane that can move horizontally along tracks, then you would need a rail-mounted gantry crane. If your project requires a crane that can operate in very high winds, then you would need a Tower crane.

There are many different types of construction cranes available on the market, each with its own set of features and benefits. When choosing the right type of crane for your project, it is important to consider the specific needs of your project and match them with the capabilities of the crane. 


Financing Your Crane Purchase

When it comes to purchasing a crane, the cost is going to be one of the most important factors that you take into consideration. Unfortunately, there is no one size fits all answer when it comes to how much a crane costs. The price of a crane is going to vary depending on a number of different factors, such as the type of crane, the size of the crane, and even the brand of the crane. That being said, there are a few ways that you can go about financing your crane purchase so that you can get the best possible deal.

One option for financing your crane purchase is to take out a loan from a bank or other financial institution. This can be a good option if you have good credit and collateral. But it will be very long and time consuming. Another option is to lease the crane, which can often be done for a lower monthly payment than if you were to purchase the crane outright. Finally, you could also consider renting the crane on an as-needed basis, which can be a more affordable option if you only need the crane for occasional use.

No matter which option you choose, it's important to do your research and compare prices before making your final decision. By taking some time to compare your options, you can be sure that you're getting the best possible deal on your new crane. A company like Trust Capital can offer you the best crane loan for your business if you're looking for crane financing companies.

Final Thoughts on How Much Does a Crane Cost?


Construction cranes are a vital part of any construction project, but they can also be quite expensive. In this article, we've taken a look at the different types of construction cranes and how much do cranes cost, And how to get a good deal so you can make an informed decision about which crane is right for your project. We hope that this information has been helpful and that you now have a better understanding of how much construction cranes cost.


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