Europe Crane Market Report 2023-2028, Industry Growth Opportunity, and Forecast

The latest report by IMARC Group, titled “Europe Crane Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028,“ offers a comprehensive analysis of the industry, which comprises insights into the Europe crane market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The Europe crane market size reached US$ 13.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 15.4 Billion by 2028, exhibiting a growth rate (CAGR) of 2.6% during 2023-2028.

Europe Crane Market Overview:

The crane is a pivotal piece of equipment in the construction, manufacturing, and transportation industries, known for its capacity to lift, lower, and move heavy materials. They come in various types, such as mobile, fixed, and marine cranes, each designed to meet specific operational requirements. Mobile cranes offer flexibility and mobility, making them ideal for various onsite applications, while fixed cranes, such as tower cranes, are used for longer-term projects, offering higher lifting capacities. Marine cranes, on the other hand, are specialized for port and offshore applications. Key aspects of cranes include their load capacity, range of motion, stability, and efficiency. The advantages of using cranes are manifold, encompassing enhanced safety in lifting operations, improved operational efficiency, and the ability to handle a vast range of weights and sizes. Their adaptability and efficiency make them indispensable in modern construction and industrial activities.

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Europe Crane Market Trends:

The Europe market is experiencing significant growth, driven by advancements in construction technologies, infrastructural development, and the increasing adoption of automated systems. Along with this, the demand for cranes in Europe is bolstered by extensive investments in infrastructure projects, including the construction of roads, bridges, and urban buildings. In addition, the rising focus on renewable energy projects, such as wind farms, necessitates the use of specialized cranes, thus propelling market growth. 

Moreover, the trend towards automation and the integration of advanced technologies, including telematics and IoT, in crane operations is enhancing operational efficiency, safety, and productivity, further stimulating market demand. Apart from this, the European Union's stringent safety regulations and standards for lifting equipment are prompting companies to invest in modern, high-quality cranes, thereby fueling the market's expansion. Furthermore, the shift towards eco-friendly electric and hybrid cranes, in response to growing environmental concerns, is creating a positive market outlook.

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Key Market Segmentation:

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.

Key highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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