European mobile cranes market is estimated to grow at a CAGR of 4.9% during the forecast period. Rising industrialization is supporting to drive market growth. Significant food and beverage and automobile production are expected to accelerate the adoption of mobile cranes in the region. The presence of major players such as Volkswagen, BMW, Audi, and more are supporting to drive automobile production in the region. In the automotive industry, mobile lifting solutions have been gaining significance as they offer to lift support for vehicles, parts, engines, and more. Crane is normally used in the assembly line, punching workshop, stamping, and warehouse.
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The automobile industry requires highly effective cranes to fulfill the exacting needs for precise positioning, speedy operation, smooth sstart-up, and continuous, dependable running. Relying on advanced technology, mobile cranes are available in a range of sizes, which supports companies whatever loads have to be lifted and transported within the factory. For instance, the process cranes are utilized to handle and store steel coils that are used for the production of car body parts. Further, rising European government initiatives to encourage small and medium enterprises are further anticipated to drive the adoption of mobile cranes to complete the operation quickly and reduce downtime on the job site.
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Scope of the European Mobile Cranes Market
Market Coverage
· Market number available for 2019-2026
· Base year- 2019
· Forecast period- 2020-2026
· Segment Covered- By Product Type and Application
· Regions Covered- UK, Germany, France, Spain, Italy, and Rest of Europe
· Competitive Landscape- Liebherr-International AG, Tadano Ltd., Konecranes, and Bauer AG
Recent Strategic Initiatives in the European Mobile Cranes Market
· 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.
· In August 2019, Tadano Ltd. acquired the Demag Mobile Cranes business, which will bring together two crucial companies in the lifting equipment industry. This will increase the capability of Tadano group to deliver a premier choice to its customers. It widens its penetration into several markets across the globe, adds lattice boom crawler cranes to its entire product range, and augments the capacity range of its all-terrain cranes.
European Mobile Cranes Market-Segmentation
By Product Type
· Truck Mounted Crane
· Crawler Crane
· Trailer Mounted Crane
By Application
· Construction
· Industrial
· Utility
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
