Market Overview

The Europe crane market was valued at USD 13.8 Billion in 2024 and is projected to reach USD 16.8 Billion by 2033, growing at a CAGR of 2.2% during the forecast period from 2025 to 2033. Growth is driven by increasing infrastructure investments, urbanization, and technological advancements such as automation and telematics. Rising demand for smart, energy-efficient cranes and rental services, along with regulatory compliance, further supports market expansion.

Study Assumption Years

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

Europe Crane Market Key Takeaways

• The Europe crane market size was valued at USD 13.8 Billion in 2024.
• The market is estimated to grow at a CAGR of 2.2% from 2025 to 2033.
• The forecast period for market growth is from 2025 to 2033.
• Increasing infrastructure investments and rapid urbanization are key growth drivers.
• The rise in renewable energy projects, particularly wind farms, supports crane demand.
• Adoption of advanced technologies such as automation, telematics, and remote monitoring is shaping market growth.
• Rental services are expanding, allowing access to modern cranes without large capital investments.

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Market Growth Factors

Europe's crane market growth should happen because of more infrastructure investment and fast urbanization in Europe. The EU will urbanize to around 83.7% by 2050, according to the European Commission. Modern governments modernize roads, railways, and bridges through solutions for various modern lifts, and urban construction changes with high-rise buildings, smart cities, and projects that are complex so high-capacity cranes realize cost savings and productivity increases.

The fast growth of renewable energy, in particular wind farms, creates opportunities for heavy-lift cranes as these projects require specialized high capacity cranes for the large turbine components and heights involved in wind farms. For example in January 2025, Orsted announced the construction of a 1.5GW offshore wind farm in the Baltic Sea. Crane manufacturers are making developments in higher lifting capacities and more stability for clean energy, which keeps demand steady within that part of the market.

The trend towards the adoption of automation, telematics and remote monitoring and control systems in crane technologies, adds value for construction and industrial users alike. IoT-enabled crane technologies meet the highest safety and reliability standards while improving productivity levels. The trend towards rented equipment allows rental companies to acquire new energy-efficient cranes without large capital expenditure, and rental companies are responding to environmental regulation by investing in newer technology advanced cranes in their fleets.

Market Segmentation

By Product Type:

• Mobile Cranes: Essential for construction sites, logistics, and industrial projects; combine flexibility with mobility and efficient operations. Their growth is supported by modern lifting options and telemetry systems.
• Marine and Port Cranes
• Fixed Cranes

By Application:

• Construction and Infrastructure: Leading application segment fueled by urban projects and public works; investments in residential, commercial, and industrial construction intensify crane demand.
• Mining
• Oil and Gas
• Others

Regional Insights

Germany dominates the Europe crane market, supported by its strong construction sector, advanced manufacturing base, and significant infrastructure investments. In 2024, renewable sources contributed 59% of Germany’s overall electricity production, indicating rapid adoption of wind and solar power. This trend bolsters crane demand for infrastructure construction. The country’s focus on automation and smart lifting solutions enhances operational efficiency and regulatory compliance. The presence of major crane manufacturers and rental service providers further strengthens Germany’s market leadership.

Recent Developments & News

In December 2024, SeaPort Manatee received new eco-effective cranes from Konecranes capable of carrying 125 metric tons, expected to be deployed in January 2025. In July 2024, Hydrauliska Industri AB introduced a product line of four energy-efficient cranes for medium duty applications. In March 2024, ABB and Kuenz secured Europe's biggest order for Automatic Stacking Cranes in the Netherlands, doubling container-handling capacity with automation. In February 2024, NOV sold its first electric subsea crane in Europe, improving efficiency and reducing emissions compared to electro-hydraulic models.

Key Players

• Klasco
• Konecranes
• Maeda
• Orsted
• Petrolift
• Manitowoc
• SeaPort Manatee
• Hydrauliska Industri AB
• ABB
• Kuenz
• NOV

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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.