In 2023, Italy led the European market for the sold production of transporter cranes, gantry cranes, and bridge cranes with €329.6 million, despite a slight decline of 1.5% from the previous year. Germany followed at €163.81 million, showing a positive growth of 2.33%. Spain and Finland experienced contrasting trajectories, with Spain declining by 4.23% and Finland growing by an impressive 6.37%. Notably, Slovakia and Hungary demonstrated significant year-on-year growths of 15.02% and 7.34%, respectively. Conversely, countries like Estonia and Croatia faced a downturn, with Estonia dropping by 6.48% and Croatia by 15.37% in 2023.
Future trends to watch for in the market include:
- The potential for technological advancements and automation to drive growth in countries with smaller production values, increasing their competitiveness.
- Germany's stable growth may encourage investments in innovation and efficiency, maintaining its strong market position.
- Monitoring economic and industrial policy changes within the EU, which could impact production capacity and demand across member states, especially for emerging markets like Slovakia and Hungary.
Top countries in Sold Production of Transporter Cranes, Gantry Cranes and Bridge Cranes by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 329,600,000 | 2023 | +6.89% | -1.5% | View data |
| 2 | 2 Germany | 163,810,000 | 2023 | +4.81% | +2.33% | View data |
| 3 | 3 Spain | 76,920,000 | 2023 | +5.1% | -4.23% | View data |
| 4 | 4 Finland | 40,499,000 | 2023 | +11.33% | +6.37% | View data |
| 5 | 5 Hungary | 20,571,000 | 2023 | +3.76% | +7.34% | View data |
| 6 | 6 Slovakia | 19,412,000 | 2023 | +4.94% | +15.02% | View data |
| 7 | 7 Portugal | 13,029,000 | 2023 | +1.86% | -1.56% | View data |
| 8 | 8 Belgium | 6,059,200 | 2023 | -0.86% | -0.11% | View data |
| 9 | 9 Czechia | 4,702,400 | 2023 | |||
| 10 | 10 Denmark | 2,286,500 | 2023 | +38.46% | +32.87% | View data |
