The mobile cranes market size in Germany has shown a varied trend from 2013 to 2023, with the value standing at $603.71 million in 2023. The market experienced a significant decline between 2013 to 2017, reaching a low in 2017, followed by fluctuations with peaks in 2018 and 2021. The year-on-year variation over the last two years indicates contractions of 2.3% in both 2022 and 2023. Over the last five years, the market has seen an average annual decrease of 2.31% (CAGR). Forecasted data from 2024 to 2028 suggest a further decline, with an annual average contraction rate of 2.09% and an overall 5-year reduction by 10.01%.
Future trends to watch for include:
- Technological advancements and automation in mobile cranes.
- Increasing adoption of electric and hybrid cranes for sustainability.
- The impact of economic factors and infrastructure projects on market demand.
- Regulatory changes and environmental policies affecting the construction and heavy machinery industries.
