The import of tower cranes to Germany has shown a general upward trend from 2013 to 2023, despite some fluctuations. The value in 2023 stood at $200.23 million. Significant growth was observed between 2016 and 2018, with the highest year-on-year increase of 28.04% in 2018, followed by a slight decline and then a steady recovery from 2020 onwards. Year-on-year variations over the past two years were 3.59% in 2022 and 3.4% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years (2019-2023) is 2.2%.
Future trends to watch for include continued steady growth with a forecast CAGR of 2.49% from 2024 to 2028, reaching $234.62 million by 2028. These trends suggest a stable demand for tower cranes in Germany’s market driven by sustained construction activities and infrastructural developments.
