Europe Hydraulic Marine Cranes Market Growth and Forecast by 2028
Europe Hydraulic Marine Cranes Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Design (Knuckle Boom, Telescopic Boom, Stiff Boom, and Foldable Cranes), Capacity (Below 50 Tm, 50–50 Tm, and Above 150 Tm), and Boom Length (Below 10 Meter, 10–20 Meter, and Above 20 Meter)
Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028- Report Date : Mar 2022
- Report Code : TIPRE00027466
- Category : Manufacturing and Construction
- Status : Published
- Available Report Formats :
- No. of Pages : 117
The hydraulic marine cranes market in Europe is expected to grow from US$ 1,594.89 million in 2021 to US$ 2,711.19 million by 2028; it is estimated to grow at a CAGR of 7.9% from 2021 to 2028.
The marine crane market is growing substantially on the back of presence of large number of players operating in the market. The hydraulic marine crane market players are experiencing significant demand for their product owing to rise in ship/vessel production across the ship builders. Some of the leading European hydraulic marine crane manufacturers include Heila Cranes S.p.A; HIAB; Palfinger AB, Liebherr, MKG Maschinen & Kranvertrieb GmbH; and Konecranes, among others. The players mentioned above invest noteworthy amounts in respective R&D teams to innovate newer models which attracts the end users (ship builders as well as ship owners). Thus, the continuous development in the marine crane market is one of the key boosting factors of Europe hydraulic marine cranes market.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.Europe Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
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Europe Hydraulic Marine Cranes Market Segmentation
Europe Hydraulic Marine Cranes Market – By Design
- Knuckle Boom
- Telescopic Boom
- Stiff Boom
- Foldable Boom
Europe Hydraulic Marine Cranes Market – By Capacity
- Below 50 Tm
- 50 - 150 Tm
- Above 150 Tm
Europe Hydraulic Marine Cranes Market – By Boom Length
- Below 10 Meters
- 10 - 20 Meters
- Above 20 Meters
Europe Hydraulic Marine Cranes Market– By Country
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
Europe Hydraulic Marine Cranes Market-Companies Mentioned
- Amco Veba Marine
- Fassi Gru S.p.A.
- HEILA Cranes S.p.a.
- HIAB
- HS.MARINE S.r.l.
- HYVA
- INDUSTRIAS GUERRA, SA
- Kenz Figee
- MELCAL S.p.A.
- MKG Maschinen & Kranvertrieb GmbH
- Palfinger AG
- TMS
Europe Hydraulic Marine Cranes Report Scope
| 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 |
|
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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