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    Europe Truck Loader Crane Market Forecast 2027 By Sales (New Sales, Aftermarket), By Product (Small-duty [Up to 6 Metric Tons], Medium-duty [7 to 20 Metric Tons], Big-duty [21 to 80 Metric Tons], Heavy-duty [Above 80 metric tons]), By Type (Knuckle Boom, Stiff Boom), By End-use (Rental, Construction, Mining, Oil & Gas, Energy, Forestry, Logistics), Research Report, Country Outlook (UK, Germany, France, Italy, Russia), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
    Published Date: March 2022   |   Report ID: GR2082   |   Delivery: PDF  Request Free Sample

    Europe Truck Loader Crane Market size surpassed USD 600 million in 2020 and is projected to showcase around 9% from 2021 to 2027. Significant industrialization in the region is accelerating the demand for metals & minerals such as iron, copper, and nickel. Mining companies are focusing on launching their new projects in the region to increase their revenue growth, supporting the market representation.

    Europe Truck Loader Crane Market Size, By Region

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    Rising construction activities in the UK are encouraging truck loader crane distributors to expand their fleet size. Distributors are focusing on placing high-valued orders with key market leaders to attract potential business clients. For instance, in February 2021, MV Commercial, a crane distributor, placed a USD 6.7 million order for 100 truck loader cranes to HIAB AB in the UK. This order contains light, medium & heavy-duty cranes and MV Commercial will provide these cranes for selling and leasing.

    The Europe truck loader crane market was adversely impacted in 2020 due to the remarkable spread of COVID-19 and its variants. The majority of the governments in the UK, Germany, Italy, France, Belgium, and Austria went into complete lockdown in 2020 to contain the virus. This affected the operations of various sectors, such as logistics, construction, and mining, in the region, hampering truck loader crane sales. However, government initiatives to accelerate economic growth will provide a positive market outlook in Europe.

    Europe Market, By Product

    Increasing material handling activities are accelerating the sales of truck loader cranes with a capacity of up to 6 metric tons in Europe. The truck loader crane market participants in Europe are focusing on introducing knuckle boom cranes with a payload capacity of less than 6 tons to increase their customer base. For instance, in February 2020, German crane and lift manufacturer, Klaas launched the Klaas K1100 RSX aluminum crane with a capacity of up to 6 tons and a maximum height of up to 60 meters. This model is equipped with various features such as extendable counterweight, double derrick cylinders, and twin lung cylinders.

    Europe Truck Loader Crane Market, By End-use

    Increasing forestry and mining activities in the region are encouraging market leaders to expand their regional presence in Europe. Companies are focusing on mergers and acquisitions to increase and enhance their offerings. For instance, in November 2021, Palfinger AG acquired TSR Lacktechnik GmbH and TSK Kran und Wechselsysteme GmbH, a construction equipment company. The acquisition will aid the company to expand its business operations in Germany.

    Competitive Industry Landscape

    Some of the leading companies involved in the market include Sany Group, Xuzhou Construction Machinery Group Co., Ltd. (XCMG), C.P.S. Group S.p.A., EFFER S.P.A., HMF Group A/S, F.lli Ferrari, The Manitowoc Company, Tadano Ltd., and Hiab AB.

    Frequently Asked Question(FAQ) :

    How big is the Europe truck loader crane market?
    The market value for truck loader crane in Europe was exceeded USD 600 million in 2020 and is expected to depict a growth rate of 9% between 2021 and 2027 owing to the surging demand for minerals & metals.
    What factors will drive truck loader crane industry growth in the UK?
    The market size for truck loader crane in UK is set to depict appreciable expansion through 2027 considering the increasing construction activities in the country.
    Why is Europe witnessing a rising demand for truck loader cranes with up to 6 metric tons capacity?
    The market demand for up to 6 metric tons capacity cranes is expected to foresee substantial growth with an escalation in material handling activities.
    Which are major providers of truck loader cranes in Europe?
    Prominent players in the market include C.P.S. Group S.p.A., The Manitowoc Company, Hiab AB, Xuzhou Construction Machinery Group Co., Ltd., Sany Group, EFFER S.P.A., Tadano Ltd., and others.

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