The Europe Crane Market would witness market growth of 4.3% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Crane Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,369.9 million by 2031. The UK market is showcasing a CAGR of 3.3% during (2024 - 2031). Additionally, The France market would register a CAGR of 5.1% during (2024 - 2031).
The increasing number of entertainment events, concerts, festivals, and shows require cranes for stage setup, lighting, sound systems, and special effects. The growing demand for theme parks, amusement centres, and tourist attractions drives the need for cranes for ride construction, installation, and maintenance. The entertainment industry requires innovative and versatile cranes that can be easily maneuvered, operated at various heights, and equipped with advanced features for precise and dynamic movements. Increasing investments in entertainment infrastructure, including theatres, concert halls, and event venues, drive the demand for cranes for stage construction, rigging, and set design.
Moreover, the market is witnessing rapid technological advancements, including the integration of automation, remote control systems, and IoT sensors. These technologies improve crane efficiency, safety, and operational visibility. There's a growing trend towards electric and hybrid cranes due to their lower carbon footprint and reduced operating costs compared to traditional diesel-powered cranes. This trend aligns with increasing sustainability initiatives across industries.
The UK invests in infrastructure projects to address congestion, enhance mobility, and support sustainable transportation solutions. The expansion and modernization of airports in the UK drive demand for crane services and equipment. The United Kingdom invests in energy infrastructure projects to help the transition to renewable energy sources and assure energy security. In 2022, the U.K. Government planned to invest over 160 million dollars to improve infrastructure and aid local communities. This expenditure mainly focuses on developing and repairing four major road schemes: the road linking St Austell to the A30, Tyne Bridge, A34, and A35 Redbridge Causeway. Thus, all these factors will uplift the regional market’s expansion in the coming years.
Based on Product, the market is segmented into Fixed Crane (Tower Crane, Gantry Crane, Monorail Crane, Stiff Leg Crane), and Mobile Crane (Truck Loader Crane, Crawler Crane, All Terrain Crane, Rough Terrain Crane). Based on Fixed Crane Load Capacity, the market is segmented into 25 to 80 Ton, Below 25 Ton, and Above 80 Tons. Based on Mobile Crane Load Capacity, the market is segmented into 5 Ton, 10-20 Ton, 21-30 Ton, and Others. Based on Application, the market is segmented into Construction, Mining, Industrial, Oil & Gas, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Application
The Germany market dominated the Europe Crane Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,369.9 million by 2031. The UK market is showcasing a CAGR of 3.3% during (2024 - 2031). Additionally, The France market would register a CAGR of 5.1% during (2024 - 2031).
The increasing number of entertainment events, concerts, festivals, and shows require cranes for stage setup, lighting, sound systems, and special effects. The growing demand for theme parks, amusement centres, and tourist attractions drives the need for cranes for ride construction, installation, and maintenance. The entertainment industry requires innovative and versatile cranes that can be easily maneuvered, operated at various heights, and equipped with advanced features for precise and dynamic movements. Increasing investments in entertainment infrastructure, including theatres, concert halls, and event venues, drive the demand for cranes for stage construction, rigging, and set design.
Moreover, the market is witnessing rapid technological advancements, including the integration of automation, remote control systems, and IoT sensors. These technologies improve crane efficiency, safety, and operational visibility. There's a growing trend towards electric and hybrid cranes due to their lower carbon footprint and reduced operating costs compared to traditional diesel-powered cranes. This trend aligns with increasing sustainability initiatives across industries.
The UK invests in infrastructure projects to address congestion, enhance mobility, and support sustainable transportation solutions. The expansion and modernization of airports in the UK drive demand for crane services and equipment. The United Kingdom invests in energy infrastructure projects to help the transition to renewable energy sources and assure energy security. In 2022, the U.K. Government planned to invest over 160 million dollars to improve infrastructure and aid local communities. This expenditure mainly focuses on developing and repairing four major road schemes: the road linking St Austell to the A30, Tyne Bridge, A34, and A35 Redbridge Causeway. Thus, all these factors will uplift the regional market’s expansion in the coming years.
Based on Product, the market is segmented into Fixed Crane (Tower Crane, Gantry Crane, Monorail Crane, Stiff Leg Crane), and Mobile Crane (Truck Loader Crane, Crawler Crane, All Terrain Crane, Rough Terrain Crane). Based on Fixed Crane Load Capacity, the market is segmented into 25 to 80 Ton, Below 25 Ton, and Above 80 Tons. Based on Mobile Crane Load Capacity, the market is segmented into 5 Ton, 10-20 Ton, 21-30 Ton, and Others. Based on Application, the market is segmented into Construction, Mining, Industrial, Oil & Gas, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- Caterpillar, Inc.
- Hitachi Construction Machinery Co., Ltd. (Hitachi, Ltd.)
- Komatsu Ltd.
- Liebherr-International AG
- SANY Group
- Terex Corporation
- Zoomlion Heavy Industry Science & Technology Co., Ltd.
- Gorbel Inc.
- Tadano Ltd.
- The Manitowoc Company, Inc.
Market Report Segmentation
By Product- Fixed Crane
- Fixed Crane Type
- Tower Crane
- Gantry Crane
- Monorail Crane
- Stiff Leg Crane
- Fixed Crane Load Capacity
- 25 to 80 Ton
- Below 25 Ton
- Above 80 Tons
- Mobile Crane
- Mobile Crane Type
- Truck Loader Crane
- Crawler Crane
- All Terrain Crane
- Rough Terrain Crane
- Mobile Crane Load Capacity
- 5 Ton
- 10-20 Ton
- 21-30 Ton
- Others
Application
- Construction
- Mining
- Industrial
- Oil & Gas
- Others
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Europe Crane Market by Product
Chapter 6. Europe Crane Market by Application
Chapter 7. Europe Crane Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- Caterpillar, Inc.
- Hitachi Construction Machinery Co., Ltd. (Hitachi, Ltd.)
- Komatsu Ltd.
- Liebherr-International AG
- SANY Group
- Terex Corporation
- Zoomlion Heavy Industry Science & Technology Co., Ltd.
- Gorbel Inc.
- Tadano Ltd.
- The Manitowoc Company, Inc.
Methodology
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