European Truck Loader Crane Market size is estimated to reach USD 1 billion by 2027, according to a latest forecast report by Graphical Research.
The market growth is due to increasing public & private investments in the energy sector. Energy sourcing companies are investing in sustainable power generation projects, which will create robust market opportunities. For instance, in May 2021, Lightsource BP announced an investment of USD 1.09 billion in utility-scale solar power projects by Insun in Portugal. These solar projects are in six regions of Portugal, i.e., Viseu, Moura, Chamusca, Branco, Castelo & Mogudouro, and have a combined power capacity of 1.35 GW.
The presence of established market players and their various business strategies to increase net sales is enhancing the industry statistics. These companies are focusing on assisting their authorized distributors in maintaining equipment diversity. For instance, in April 2021, CPS Group’s COPMA 1400 Crane was delivered to its dealer, Appydro in France. The COPMA 1400 crane is suitable for various loads and industries including mining, construction, powerplant & municipal services.
The COVID-19 outbreak in early 2020 hampered the Europe market growth. Truck loader sales were significantly restricted in the three quarters of 2020 owing to the temporary suspension of the majority of industrial projects and disruptions in regional distribution channels. Shortage of components, raw material & labor, and disruptions in logistics services are hindering the market revenue. The sale of truck loader cranes segment is expected to witness steady growth in 2022 owing to supportive government initiatives in terms of economic growth.
Browse detailed statistical insights from the report, “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” along with the table of contents (ToC) @
Rising logistics and utility activities in Europe are boosting the sales of truck loader cranes with a capacity between 21 to 80 metric tons. Companies are providing new big-duty cranes to their clients and improving their brand presence. For instance, in March 2022, Fassi Gru S.p.A. delivered its new truck loader crane with a capacity of up to 23.6 tons and a maximum height of up to 22.6 meters to a client in Velsen-Noord, Netherlands through its authorized dealer, De Jong Ijmuiden I B.V.
The truck loader crane in European market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2027 for the following segments:
Europe Market, 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]
Europe Market, By Type
Europe Market, By Sales
Europe Market, By End-use
- Oil & Gas
The above information has been provided for the following countries: