Europe's Tower Cranes and Portal/Pedestal Jib Cranes Market to Experience Modest Growth with +1.5% CAGR - News and Statistics - IndexBox

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IndexBox has just published a new report: Europe - Tower Cranes and Portal or Pedestal Jib Cranes - Market Analysis, Forecast, Size, Trends And Insights.

The European market for tower cranes and portal or pedestal jib cranes is projected to experience growth over the next decade. With an expected CAGR of +1.5% for volume and +2.2% for value, the market is forecasted to reach 26K units and $3.5B by 2035.

Driven by rising demand for tower cranes and portal or pedestal jib cranes in Europe, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +1.5% for the period from 2024 to 2035, which is projected to bring the market volume to 26K units by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.2% for the period from 2024 to 2035, which is projected to bring the market value to $3.5B (in nominal wholesale prices) by the end of 2035.

In 2024, consumption of tower cranes and portal or pedestal jib cranes in Europe rose markedly to 22K units, growing by 5.7% against 2023 figures. In general, consumption, however, saw a abrupt descent. As a result, consumption reached the peak volume of 524K units. From 2017 to 2024, the growth of the consumption of failed to regain momentum.

The revenue of the market for tower cranes and portal or pedestal jib cranes in Europe amounted to $2.7B in 2024, increasing by 8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a deep downturn. As a result, consumption reached the peak level of $89.6B. From 2017 to 2024, the growth of the market remained at a somewhat lower figure.

The country with the largest volume of consumption of tower cranes and portal or pedestal jib cranes was Italy (9.7K units), accounting for 44% of total volume. Moreover, consumption of tower cranes and portal or pedestal jib cranes in Italy exceeded the figures recorded by the second-largest consumer, France (3.8K units), threefold. The third position in this ranking was held by Spain (1.6K units), with a 7.3% share.

From 2013 to 2024, the average annual rate of growth in terms of volume in Italy totaled +20.0%. The remaining consuming countries recorded the following average annual rates of consumption growth: France (-1.2% per year) and Spain (-25.3% per year).

In value terms, Italy ($1B) led the market, alone. The second position in the ranking was taken by France ($389M). It was followed by Spain.

From 2013 to 2024, the average annual growth rate of value in Italy totaled +17.0%. The remaining consuming countries recorded the following average annual rates of market growth: France (-0.1% per year) and Spain (-25.2% per year).

In 2024, the highest levels of per capita consumption of tower cranes and portal or pedestal jib cranes was registered in Italy (165 units per million persons), followed by Belgium (69 units per million persons), Norway (61 units per million persons) and the Netherlands (59 units per million persons), while the world average per capita consumption of tower cranes and portal or pedestal jib cranes was estimated at 30 units per million persons.

In Italy, per capita consumption of tower cranes and portal or pedestal jib cranes expanded at an average annual rate of +20.2% over the period from 2013-2024. In the other countries, the average annual rates were as follows: Belgium (-0.2% per year) and Norway (-6.8% per year).

In 2024, production of tower cranes and portal or pedestal jib cranes increased by 4.7% to 23K units, rising for the fourth consecutive year after two years of decline. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 1,798%. As a result, production attained the peak volume of 561K units. From 2019 to 2024, production of growth remained at a somewhat lower figure.

In value terms, production of tower cranes and portal or pedestal jib cranes expanded slightly to $2.7B in 2024 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 1,045%. As a result, production attained the peak level of $36.8B. From 2019 to 2024, production of growth remained at a somewhat lower figure.

Italy (9.9K units) remains the largest tower cranes and portal or pedestal jib cranes producing country in Europe, accounting for 43% of total volume. Moreover, production of tower cranes and portal or pedestal jib cranes in Italy exceeded the figures recorded by the second-largest producer, France (4.3K units), twofold. The third position in this ranking was taken by Spain (2.2K units), with a 9.6% share.

From 2013 to 2024, the average annual rate of growth in terms of volume in Italy totaled +9.1%. The remaining producing countries recorded the following average annual rates of production growth: France (-0.5% per year) and Spain (+11.9% per year).

In 2024, the amount of tower cranes and portal or pedestal jib cranes imported in Europe contracted sharply to 5.6K units, declining by -31.6% on the year before. Over the period under review, imports continue to indicate a deep setback. The growth pace was the most rapid in 2017 with an increase of 50% against the previous year. The volume of import peaked at 47K units in 2013; however, from 2014 to 2024, imports stood at a somewhat lower figure.

In value terms, imports of tower cranes and portal or pedestal jib cranes contracted notably to $619M in 2024. In general, imports showed a perceptible downturn. The most prominent rate of growth was recorded in 2021 with an increase of 39%. As a result, imports attained the peak of $1.1B. From 2022 to 2024, the growth of imports of remained at a lower figure.

In 2024, Italy (1.1K units), distantly followed by the UK (542 units), Russia (524 units), Switzerland (409 units), Germany (365 units), France (291 units) and Portugal (258 units) were the major importers of tower cranes and portal or pedestal jib cranes, together comprising 63% of total imports. The following importers - Belgium (199 units), Greece (199 units) and Romania (180 units) - together made up 10% of total imports.

Italy was also the fastest-growing in terms of the tower cranes and portal or pedestal jib cranes imports, with a CAGR of +21.4% from 2013 to 2024. At the same time, Greece (+20.3%), Portugal (+14.5%), Romania (+11.6%) and the UK (+3.3%) displayed positive paces of growth. By contrast, Russia (-4.8%), Belgium (-4.9%), Switzerland (-6.6%), France (-7.4%) and Germany (-9.7%) illustrated a downward trend over the same period. While the share of Italy (+20 p.p.), the UK (+8.9 p.p.), Russia (+7.4 p.p.), Switzerland (+5.5 p.p.), Portugal (+4.5 p.p.), Germany (+4.1 p.p.), France (+3.8 p.p.), Greece (+3.5 p.p.), Romania (+3.1 p.p.) and Belgium (+2.8 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($117M), Russia ($81M) and the UK ($62M) appeared to be the countries with the highest levels of imports in 2024, with a combined 42% share of total imports.

Italy, with a CAGR of +22.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

The import price in Europe stood at $110 thousand per unit in 2024, waning by -16.3% against the previous year. Over the period under review, the import price, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2014 an increase of 711%. As a result, import price attained the peak level of $145 thousand per unit. From 2015 to 2024, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belgium ($158 thousand per unit), while Portugal ($52 thousand per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Belgium (+4.9%), while the other leaders experienced more modest paces of growth.

For the third consecutive year, Europe recorded decline in shipments abroad of tower cranes and portal or pedestal jib cranes, which decreased by -28.9% to 6.8K units in 2024. Over the period under review, exports saw a noticeable contraction. The most prominent rate of growth was recorded in 2018 with an increase of 290%. As a result, the exports attained the peak of 54K units. From 2019 to 2024, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of tower cranes and portal or pedestal jib cranes fell markedly to $834M in 2024. Overall, exports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. As a result, the exports reached the peak of $1.4B. From 2022 to 2024, the growth of the exports of failed to regain momentum.

In 2024, Italy (1.3K units) and Germany (1.2K units) were the key exporters of tower cranes and portal or pedestal jib cranes in Europe, together recording approx. 37% of total exports. France (750 units) ranks next in terms of the total exports with an 11% share, followed by Spain (11%), Switzerland (7.2%) and Russia (6.4%). The following exporters - the Netherlands (238 units), the UK (232 units), Portugal (191 units) and Austria (189 units) - together made up 13% of total exports.

From 2013 to 2024, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Russia (with a CAGR of +35.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest tower cranes and portal or pedestal jib cranes supplying countries in Europe were Germany ($222M), Italy ($178M) and Spain ($93M), with a combined 59% share of total exports. France, the Netherlands, Portugal, the UK, Switzerland, Austria and Russia lagged somewhat behind, together comprising a further 27%.

Among the main exporting countries, Switzerland, with a CAGR of +11.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

In 2024, the export price in Europe amounted to $123 thousand per unit, waning by -5.2% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 223% against the previous year. Over the period under review, the export prices attained the maximum at $136 thousand per unit in 2015; however, from 2016 to 2024, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($257 thousand per unit), while Russia ($9.4 thousand per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Portugal (+7.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for tower cranes and portal or pedestal jib cranes in Europe. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Export

The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles

The Largest Markets And Their Profiles