Europe Mobile Crane Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Crane Type (Truck Cranes, All-terrain cranes, Rough Terrain Cranes, Crawler Cranes, and Others) and Application (Construction, Oil and Gas, Shipping and Port Building, Power and Utilities, and Others)        

The mobile crane market in Europe is expected to grow from US$ 4,741.27 million in 2021 to US$ 5,877.11 million by 2028. It is estimated to grow at a CAGR of 3.1% from 2021 to 2028.

Crane production requires metal forging and precise engineering to produce a high-quality end product. Cranes are made up of several components, including hoists, trolleys, bridges, columns, and runways. Small and medium-sized enterprises (SMEs) face cost constraints while entering the crane and hoist industry. Cranes require maintenance over time for their proper functioning, which adds to their overall operating costs, including their initial costs. Several factors need to be checked regularly to ensure the smooth functioning of the crane’s equipment. Thus, crane maintenance involves checking emergency safety switches and interlocks, including limiting and indicating devices; lubrication of moving parts; signage, including warning signs and control markings, visual inspection and measurements as necessary of structural components and critical parts, including brakes, gears, fasteners, pins, shafts, wire ropes, sheaves, locking devices, and electrical contractors.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe mobile crane market at a good CAGR during the forecast period.

Europe Mobile Crane Market Revenue and Forecast to 2028 (US$ Million)

Europe Mobile Crane Market Segmentation  
 

The Europe mobile crane market is analyzed on the basis of crane type, application, and country. Based on crane type, the market is segmented into truck cranes, all-terrain cranes, rough terrain cranes, crawler cranes, and others. The truck cranes segment held the largest market share in 2020.

Based on application, the market is segmented into construction, oil & gas, shipping & port building, power & utilities, and others. The construction segment held the largest market share in 2020.

Based on country, the Europe mobile crane market is segmented into France, Germany, Italy, the UK, Russia, and the Rest of Europe.

Furthermore, KATO WORKS CO., LTD; Kobelco Construction Machinery Co., Ltd.; LIEBHERR-INTERNATIONAL; Sany Group; Sumitomo Heavy Industries Construction Cranes Co., Ltd; Tadano Ltd; Terex Corporation; The Manitowoc Company, Inc; Xuzhou Construction Machinery Group Co., Ltd; and Zoomlion Heavy Industry Science & Technology Co., Ltd. are the leading companies in the Europe mobile crane market.  

1. KATO WORKS CO., LTD
2. Kobelco Construction Machinery Co., Ltd.
3. LIEBHERR-INTERNATIONAL
4. Sany Group
5. Sumitomo Heavy Industries Construction Cranes Co., Ltd.
6. Tadano Ltd.
7. Terex Corporation
8. The Manitowoc Company, Inc
9. Xuzhou Construction Machinery Group Co., Ltd
10. Zoomlion Heavy Industry Science & Technology Co., Ltd.

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe mobile crane market
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• Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the mobile crane market, as well as those hindering it
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