In 2023, Italy dominated the European market for transporter, gantry, and bridge cranes, accounting for 49.32% of sold production, followed by Germany at 24.51%. Spain and Finland trailed with 11.51% and 6.06%, respectively. Smaller markets like Hungary and Slovakia showed growth, with Slovakia increasing by 15.02% year-over-year and Hungary by 7.34%. Notably, Denmark demonstrated a robust year-on-year growth rate of 32.87%, despite its smaller market size. Meanwhile, Italy, Spain, and Portugal experienced small contractions, with Italy showing a -1.5% year-on-year change.
Future trends to watch include Germany's potential to increase market share further, given its consistent growth pattern and technological advancements in crane manufacturing. Additionally, emerging markets like Slovakia and Hungary might continue to grow, driven by governmental infrastructure investments and increasing industrial demands within these regions.
Top countries in Sold Production of Transporter Cranes, Gantry Cranes and Bridge Cranes Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 49.32 | 2023 | +6.89% | -1.5% | View data |
| 2 | 2 Germany | 24.51 | 2023 | +4.81% | +2.33% | View data |
| 3 | 3 Spain | 11.51 | 2023 | +5.1% | -4.23% | View data |
| 4 | 4 Finland | 6.06 | 2023 | +11.33% | +6.37% | View data |
| 5 | 5 Hungary | 3.08 | 2023 | +3.76% | +7.34% | View data |
| 6 | 6 Slovakia | 2.9 | 2023 | +4.94% | +15.02% | View data |
| 7 | 7 Portugal | 1.95 | 2023 | +1.86% | -1.56% | View data |
| 8 | 8 Belgium | 0.91 | 2023 | -0.86% | -0.11% | View data |
| 9 | 9 Czechia | 0.7 | 2023 | |||
| 10 | 10 Denmark | 0.34 | 2023 | +38.46% | +32.87% | View data |
