Europe Crane Market Report and Forecast 2024-2032

Europe Crane Market Size

The Europe crane market reached around USD 13.50 billion in 2023. The market is projected to grow at a CAGR of 3.8% between 2024 and 2032 to reach nearly USD 18.82 billion by 2032.

Europe Crane Market Outlook

• The volume of containers present in Europe’s top 20 ports accounts for nearly 10% of the world’s total volume.

• In Q3 2023, Rotterdam port handled 3373 TEU of cargo. 

• The construction industry accounts for nearly 9% of the EU’s GDP and employs 18 million workers directly.

Europe Crane Market Growth

The European Union is the largest trading block worldwide. Despite having 5% of the global population, it contributes over 14% in terms of economic value addition to the global GDP. Maritime transport is a key facilitator and driver of Europe’s economic growth, since nearly 3/4ths of all international commerce from the EU is carried out by sea. In Q3 2023, nearly 500.06 million tons of goods were loaded on EU ports, while 306.89 million tons of goods were unloaded. Nearly 806.95 million tons of goods were meant for national transportation, while 481 million tons of goods were meant for international transportation. This is expected to drive the demand for extremely flexible and adaptable quay cranes that can handle port cargo easily and efficiently.

The Machinery Directive of 2006 is expected to be revised and updated by the European Machinery Regulations by 2027. This is expected to lead to the incorporation of site safety management practices into the standard sizes of mobile cranes to ensure sustained demand for the product by the construction industry. This can include suggestions to prevent the risks associated with a crane’s contact with overhead electricity wires and the provision of adequate occupational safety measures.

Europe Crane Industry Segmentation

Europe Crane Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Mobility

• Static

• Mobile

Market Breakup by Type

• Overhead Travelling Crane

• Transporter Crane

• Gantry Crane

• Bridge Crane

• Tower Crane

• Others

Market Breakup by Sales Channel

• OEM

• Aftermarket

Market Breakup by Country

• United Kingdom

• Germany

• France

• Italy

• Others

Europe Crane Market Share

Based on type, the market is segmented into overhead travelling cranes, transporter cranes, gantry cranes, bridge cranes, and tower cranes, among others. Over the forecast period of 2024-2032, tower cranes are expected to grow at a CAGR of 4.3% due to their increasing applications in the construction sector for handling heavy loads.

Leading Companies in the Europe Crane Market

Major European crane manufacturers are introducing new crawler cranes with powerful engines that can lift nearly 75 million tons of weight and are easy to operate and maintain.

• Liebherr Group GmbH

• Konecranes Plc

• Terex Corporation

• Fassi Gru S.p.A.

• The Manitowoc Company Inc.

• Gorbel Inc.

• Buckner Heavylift Cranes, LLC

• Palfinger AG,

• Tadano Ltd.

• Broderson Manufacturing Corp. 

• Others

Key Highlights of the Report