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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This is resulting in an increasing demand for mobile cranes that offer a range of benefits than fixed cranes. These cranes require little setup and can deal with a range of terrain and particular site concerns as well as they are easy to get to the job site. One of the major advantages of mobile cranes is the level of movability and flexibility, primarily in situations with several obstacles. These cranes can be used to access narrow sections and places with limited space, which makes it an appropriate solution for several job sites.
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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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