European mobile cranes market is estimated to grow at a CAGR of 4.9% during the forecast period. The market was valued at nearly $3.2 billion in 2019, which is estimated to reach nearly $4.5 billion in 2025. Growing construction spending and rising industrialization is supporting to drive market growth. As per the Office for National Statistics, UK, the construction output in the UK increased by 1.0% in the month-on-month all work series in October 2020. This monthly rise was significantly driven by the growth in all sectors, apart from private commercial and private new housing work. The growing focus on infrastructure activities is also driving the construction output in the country.
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Some prominent players in the market include Liebherr-International AG, Tadano Ltd., Konecranes, and Bauer AG. The market players are using some key strategies to increase their market share. For instance, in October 2020, Liebherr revealed a 150-ton mobile crane with a 66-meter telescopic boom. After manufacturing nearly 1500 units, the company unveiled the successor to its successful LTM 1130-5.1 – the LTM 1150-5.3. With a larger lifting capacity of 150 tons and a 66-meter telescopic boom, this new crane is a potential addition to Liebherr’s crane range below the 180-ton LTM 1160-5.2. It offers excellent lifting capacities while completely raised and at large radii. It can finish lots of jobs without any need for further ballast transport vehicles. This, in turn, saves money and time and makes it more valuable to crane contractors.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
European Mobile Cranes Market-Segmentation
By Product Type
- Truck Mounted Crane
- Crawler Crane
- Trailer Mounted Crane
By Application
- Construction
- Industrial
- Utility
European Mobile Cranes Market– Segment by Country
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
The Report Covers
- Comprehensive research methodology of the European mobile cranes market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the European mobile cranes market.
- Insights about market determinants which are stimulating the European mobile cranes market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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