Significant Focus on Port Infrastructure to Offer an Opportunity for the Germany Mobile Cranes Market

Germany mobile cranes market is estimated to grow at a CAGR of 4.8% during the forecast period. The increasing focus on port infrastructure is expected to offer an opportunity for market growth. With more than 250 additional inland ports, the country’s port infrastructure supports the potential delivery of goods and is ranked first in Europe Logistics Performance and Quality of the Infrastructure (2018). The two major universal ports of Bremen/Bremerhaven and Hamburg in Germany has a significance in the intercontinental container transport market. As per the Port of Hamburg, the German seaports are the driving forces of European and German foreign trade. 

Browse the full report description Germany Mobile Cranes Market Size, Share & Trends Analysis Report, By Product Type (Truck Mounted Crane, Crawler Crane, and Trailer Mounted Crane), By Application (Construction, Industrial, and Utility) and Forecast, 2020-2026 at https://www.omrglobal.com/industry-reports/germany-mobile-cranes-market

German seaports handle nearly 300 million tons of goods every year. This leads to the increasing development of ports in the country, which in turn, drives the adoption of mobile cranes which is appropriate for not only inland ports, however, also large seaports. It can offer maximum material handling, which makes it suitable for use in ports. It offers flexible and economical handling of each cargo category and serves every type and size of the vessel in every kind of port terminal.

Scope of the Germany Mobile Cranes Market

Market Coverage

• Market number available for 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered- By Product Type and Application
• Regions Covered- North America, Europe, Asia-Pacific, and Rest of the World
• Competitive Landscape- Liebherr-International AG, Tadano Ltd., Sany Heavy Industry Co., Ltd., Konecranes, and Bauer AG

Recent Strategic Initiatives in the Germany Mobile Cranes Market

• In October 2020, Liebherr revealed a 150-ton mobile crane with a 66-meter telescopic boom. After manufacturing nearly 1500 units, the company unveiled the successor to its successful LTM 1130-5.1 - the LTM 1150-5.3. With a larger lifting capacity of 150 tons and a 66-meter telescopic boom, this new crane is a potential addition to Liebherr's crane range below the 180-ton LTM 1160-5.2. It offers excellent lifting capacities while completely raised and at large radii. It can finish lots of jobs without any need for further ballast transport vehicles. This, in turn, saves money and time and makes it more valuable to crane contractors.
• In August 2019, Tadano Ltd. acquired the Demag Mobile Cranes business, a German heavy equipment machinery 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.

Key questions addressed by the report

• What is the market growth rate?
• Which segment dominates the market in the base year?
• Which segment will project the fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from the pre-COVID forecast

o Most affected segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Germany Mobile Cranes Market-Segmentation

By Product Type

• Truck Mounted Crane
• Crawler Crane
• Trailer Mounted Crane

By Application

• Construction
• Industrial
• Utility