France, Russia, UK, Italy, Germany, and Spain are among the hardest-hit countries by the COVID-19 pandemic in Europe. The region experiences a significant decline in revenue from various industries due to various containment measures enacted by governments. These actions resulted in disruptions in the supply chains of many industries, including the hydraulic marine cranes manufacturing industry. The hydraulic marine crane market players experienced challenges in meeting production targets in 2020. Moreover, as major ports in Europe experienced low traffic of vessels, the demand for hydraulic marine cranes remained low in 2020. However, as trading activities picked pace from the last quarter of 2020, the market players began experiencing steady growth in demand for these cranes.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1,594.89 Million |
| Market Size by 2028 | US$ 2,711.19 Million |
| CAGR (2021 - 2028) | 7.9% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Design
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Hydraulic Marine Cranes Market is valued at US$ 1,594.89 Million in 2021, it is projected to reach US$ 2,711.19 Million by 2028.
As per our report Europe Hydraulic Marine Cranes Market, the market size is valued at US$ 1,594.89 Million in 2021, projecting it to reach US$ 2,711.19 Million by 2028. This translates to a CAGR of approximately 7.9% during the forecast period.
The Europe Hydraulic Marine Cranes Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Hydraulic Marine Cranes Market report:
The Europe Hydraulic Marine Cranes Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Hydraulic Marine Cranes Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Hydraulic Marine Cranes Market value chain can benefit from the information contained in a comprehensive market report.
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