The Europe crane market is currently witnessing moderate growth. 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. On account of these factors, the market is expected to exhibit steady growth during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe crane market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, product type and application.
Breakup by Product Type:
Breakup by Application:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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