Germany mobile cranes market is estimated to grow at a CAGR of 4.8% during the forecast period. The rising investment in the construction industry and developed port infrastructure in the country are some factors driving market growth. As per Destatis, in 2019, the investment in the construction industry has witnessed an increase of nearly $325 million over 2018 (+6.2%). This is resulting in an increasing demand for mobile cranes that offer a range of benefits than fixed cranes. These cranes require little setup and can deal with a range of terrain and particular site concerns as well as they are easy to get to the job site. One of the major advantages of mobile cranes is the level of movability and flexibility, primarily in situations with several obstacles. These cranes can be used to access narrow sections and places with limited space, which makes it an appropriate solution for several job sites. 

The market is segmented based on product type and application. Based on product type, the market is classified into the truck mounted crane, crawler crane, and trailer mounted crane. Based on application, the market is segmented into construction, industrial, and utility. Truck-mounted cranes amount for a number of all cranes that are available for service. These cranes are suitable for a comprehensive range of jobs and are extensively used in a range of construction projects. 

Significant launches of new truck cranes have been witnessed in the country. For instance, in February 2020, KLaas, a German manufacturer of cranes, launched a new crane with a platform to lift 2-3 people and the cargo as well as carrying out roofing and lifting of wood, which is even powerful and efficient. Owing to the crane’s high lifting capacity (under the hook 3000 kg optional and 1600 kg in standard configuration, the K400 RSX is the most potent crane offering by the company, with a maximum lifting height of up to 31.8 m.

Some prominent players in the market include Liebherr-International AG, Tadano Ltd., Klaas Service- und Vertriebs GmbH, Konecranes, and Bauer AG. The market players are using strategies to increase their market share. For instance, in August 2019, Tadano Ltd. acquired the Demag Mobile Cranes business, a German heavy equipment manufacturer, which will bring together two crucial companies in the lifting equipment industry. This will increase the capability of Tadano group to deliver a premier choice to its customers. It widens its penetration into several markets across the globe, adds lattice boom crawler cranes to its entire product range, and augments the capacity range of its all-terrain cranes.

Research Methodology

The market study of the Germany mobile cranes market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity in our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Germany Mobile Cranes Market Research and Analysis by Product Type
2. Germany Mobile Cranes Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the Germany mobile cranes market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Germany mobile cranes market.
• Insights about market determinants which are stimulating the Germany mobile cranes market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.