Europe Crane Market

Europe Crane Market Analysis

The Europe Crane Market size is estimated at USD 14.73 billion in 2025, and is expected to reach USD 18.36 billion by 2030, at a CAGR of 4.5% during the forecast period (2025-2030).

Over the long term, factors such as the deployment of automated technology and rising urbanization leading to expansion in construction activities will drive the European crane market. The industry is poised for further expansion as governments continue to invest in new construction projects. This rapid industrialization leads to improved infrastructural amenities. For instance,

In February 2024, France, the second-largest automotive production hub in Europe, secured a total accumulation of EUR10 billion from public and private funds for the opening of four gigafactories in the near future.

With the rise in sales of electric vehicles in countries like Germany and France, which are also the largest markets for electric vehicles, the automotive industry is gaining popularity, which has led to an increase in manufacturing and maintenance processes, and as a result, is likely to require overhead cranes to lift automobile parts, which will act as a contributing factor driving impressive growth in the European crane market in the future.

Governments of various countries are focusing on initiating and expediting infrastructure projects, including highways, bridges, airports, and smart city projects. Moreover, considering the potential of growth in European construction sector, governments of other countries are showing interest to invest. For example,

Italy will invest USD 10.0 billion to modernize and increase capacity at its ports till 2026 and USD 34.9 billion for sustainable mobility, including investments for construction of high-speed rail network and complete the rail freight corridors.

The European crane market is highly competitive, with numerous domestic and international manufacturers vying for market share. Prominent players in the German crane market include Liebherr, Tadano, and Konecranes, among others. These companies offer a wide range of crane products, catering to the diverse needs of the market. Also, some of the company’s are adopting different marketing opportunities, which will help them gain a significant market share during the forecast period.

For instance, in January 2024, Potain unveiled the first Evy electric crane that can stand on its own. The new Evy 30-23 4 T model crane stands out not only for its electric power but also for being the first product created by Potain using its Voice of the Customer process for product development.

Thus, all the aforementioned factors are expected to drive the market growth.

Europe Crane Market Trends

Mobile Crane Holds the Highest Share

Over the long term, expansion is driven by growing development and infrastructure activities. Major European countries, including Germany, France, and Italy, are witnessing growing demand for mobile cranes. The use of cranes in a variety of industries is fueling market expansion.

The target market is a significant sector within the construction and industrial equipment industry. Europe, known for its engineering prowess and high-quality manufacturing standards, boasts a robust market for mobile cranes of all types and sizes. The demand for cranes is driven by the region's strong construction industry, infrastructure projects, and industrial development. For instance,

In June 2023, the European Commission selected 107 transport infrastructure projects to receive over USD 6.5 billion in EU grants from the Connecting Europe Facility (CEF) which is the European Union's instrument for strategic investment in transport infrastructure.

Moreover, the building sector is one of the key enablers that is focused on by the region to achieve low carbon economy goals for 2050, by launch of sustainable projects in the construction sector.

Considering the scenario, mobile cranes such as all-terrrain cranes, crawler and truck-mounted cranes are in great demand in recent years due to their versatility and ability to operate in challenging terrains. These cranes are designed to maneuver through rough, uneven surfaces with ease, making them ideal for construction sites, mining projects, and oil and gas fields.

In order to satisfy the wide range of customer needs, a large number of domestic and international manufacturers and suppliers offer a variety of crane types and models in the Europe's fiercely competitive crane market. For instance,

In November 2023, the United Kingdom became the first country in which Chinese manufacturer Sany launched its all-terrain cranes. It started its first official foray into the UK and Irish markets using all terrain cranes. A 60-tonne capacity all terrain model is currently on a demonstration tour in the United Kingdom for prospective local buyers.

Thus, the mobile crane market is a dynamic industry that plays a crucial role in supporting the region's infrastructure development and economic growth. With a diverse range of crane types and models available in the market, customers have access to advanced and reliable crane solutions to meet their specific requirements.

Construction Holds the Highest Share

Cranes play an important role in the construction industry and are essential for lifting heavy materials, moving prefabricated components, and assembling structures. Tower cranes, crawler cranes, and mobile cranes are often used on construction sites to move different loads and navigate different terrain.

In Europe, the ongoing infrastructure development projects, urbanization, and the expansion of the construction industry are the main drivers of crane demand. The nation's need for cranes has been further stimulated by government investments in infrastructure projects like roads, bridges, and airports. Furthermore, the region's crane operations are now safer and more efficient due to the growing use of cutting-edge technologies like automation and remote control.

Infrastructure development in Europe, including the renewal of tracks, the modernization of bridges, the electrification of railway lines, and new smart city projects, will boost demand for cranes. This will create opportunities for growth and innovation in the target market in response to sustainable infrastructure development. For instance:

In May 2023, Belgian construction companies Vanormelingen and Stas announced that they were preparing to carry out major railway infrastructure work in Belgium. The project includes the replacement of 28,000 meters of railway line, the modernization of 18 railway bridges, and the construction of three new bridges.

As the European crane market continues to evolve, manufacturers and suppliers are focusing on developing sustainable and eco-friendly crane solutions to meet the growing demand for green technologies in the construction sectors.

In March 2024, Konecranes launched its flagship Konecranes X-series industrial crane, the successor to its popular CXT model with a new compact design and safe, reliable technology that can adapt to customer needs now and in the future. By applying sustainable design and material choices in the X-series models, the company focuses on emission goals.

Considering the demand and developments, the market is anticipated to witness a high growth rate during the forecast period across Europe.

Europe Crane Industry Overview

The European crane market is consolidated and led by globally and regionally established players. The companies adopt strategies like new product launches, collaborations, and mergers to sustain their market positions. For instance,

May 2024: Marine Cranes Ltd launched services and partners with Iron Fist to expand crane distribution for the United Kingdom and Ireland.

Some of the major players in the market include Tedano Corporation, Terex Corporation, Kobelco Cranes Co. Ltd, Manitowoc Cranes, and Liebherr International.

Europe Crane Market Leaders

Europe Crane Market News

January 2024: Kobelco Construction Machinery Co. Ltd announced the launch of the TKE750G, its new telescopic boom crawler crane with a maximum lifting capacity of 75 metric tonnes. It has been designed for the European market.

January 2024: Crane and heavy lift equipment manufacturer Liebherr launched its LG 1800-1.0 lattice boom crawler crane. The unit has been designed with the wind energy industry in mind, with an axle load of 10 tonnes and a 3 m-wide chassis.

May 2023: Chinese manufacturer XCMG launched a new all-terrain crane, the XCA120_E, aimed at the European market.