Market Overview:
The Europe crane market size reached US$ 13.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 16.6 Billion by 2032, exhibiting a growth rate (CAGR) of 2.3% during 2024-2032.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
|
US$ 13.5 Billion |
Market Forecast in 2032
|
US$ 16.6 Billion |
Market Growth Rate 2024-2032 |
2.3% |
A crane is a piece of industrial equipment used to lift and transport heavy loads, especially in the construction industry. It is also utilized in the transportation industry for loading and unloading freight. With innovations and advancements in technology, modern cranes are operated using hydraulic and internal combustion engine systems that offer greater lifting capabilities than the manually powered cranes, which used pulleys and ropes to lift objects.
The Europe crane market is primarily driven by a significant rise in the renting and leasing of construction equipment across the region. This has enabled end users to access and use construction equipment easily across various application segments. Additionally, the rapid development of the construction industry has attracted heavy investment in the cranes market. For instance, Germany accounts for the largest share in the European crane market. It has also witnessed an influx of refugees, which is stimulating the demand for residential buildings in urban areas. Furthermore, technological developments in the crane industry are also catalyzing the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe crane market report, along with forecasts at the regional and country level from 2024-2032. Our report has categorized the market based on product type and application.
Breakup by Product Type:
- Mobile Cranes
- Marine and Port Cranes
- Fixed Cranes
Breakup by Application:
- Construction and Infrastructure
- Mining
- Oil and Gas
- Others
Breakup by Country:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Billion |
Segment Coverage |
Product Type, Application, Country |
Countries Covered |
Germany, France, United Kingdom, Italy, Spain, Others |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the Europe crane market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Europe crane market?
- What are the key regional markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the Europe crane market and who are the key players?
- What is the degree of competition in the industry?