Europe Articulating Knuckle Boom Cranes Market was valued at USD 1.0 Billion in 2022 and is projected to reach USD 1.7 Billion by 2030, growing at a CAGR of 7.2% from 2024 to 2030.
The Europe Articulating Knuckle Boom Cranes market has been growing rapidly in recent years, driven by industries such as construction, logistics, and offshore services. These cranes are highly valued for their versatility, as they combine the functionality of a traditional crane with an advanced articulated arm for greater precision and flexibility in various tasks. Industries across Europe are increasingly incorporating these cranes to enhance operational efficiency and safety.
One of the major drivers of the Articulating Knuckle Boom Cranes market is the growing demand for lifting equipment that can easily navigate tight spaces and uneven terrain. This is particularly important in urban construction projects where space is often limited, and in offshore sectors where cranes need to handle heavy loads in challenging environments. The ability to reach high or difficult locations while maintaining a stable load is a key requirement for many industries relying on these cranes.
Within the European market, industries are also seeking cranes with advanced control systems that provide better handling and more accurate load positioning. For example, many sectors now require cranes with integrated telematics for remote diagnostics, monitoring, and performance optimization. This not only reduces downtime but also helps companies in sectors like logistics or construction to maximize the lifespan of their equipment, making them a cost-effective choice for long-term operations.
As the demand for versatile, safe, and high-performance cranes increases, manufacturers are focusing on developing models that cater to specific industry requirements. For example, models designed for offshore and heavy-lifting operations are being enhanced with features that ensure stability in adverse conditions. Additionally, the trend towards automation and smart technology is influencing the design of cranes, as more companies seek equipment that can streamline operations and reduce human error.
In summary, the Europe Articulating Knuckle Boom Cranes market is poised for significant growth due to the increasing demand for cranes that meet industry-specific requirements. The adoption of these cranes by sectors such as construction, logistics, and offshore services is driven by the need for versatile, high-performance lifting solutions that can handle a variety of tasks safely and efficiently.
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Hiab (Cargotec)
Palfinger
Huisman
Fassi
Iowa Mold Tooling Co.
Inc. (IMT)
HMF
Tadano
ATLAS
Manitex
Cormach
Heila Cranes
Kenz Figee Group
Hyva Group
COPMA (CPS GROUP)
Furukawa
SANY Group
SMST
XCMG
JOMAC
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Articulating Knuckle Boom Cranes Market
Construction
Marine and Logistics
Aerospace and Defense
Telecommunications
Utility Service Providers
Up to 10 Tons
10 to 20 Tons
20 to 30 Tons
30 to 50 Tons
Above 50 Tons
Hydraulic
Electric
Diesel
Hybrid
Truck-Mounted
Trailer-Mounted
Fixed Installation
Self-Propelled
Construction Companies
Shipping and Logistics Firms
Utility Companies
Government and Municipal Services
Private Sector Contractors
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Europe Articulating Knuckle Boom Cranes Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Articulating Knuckle Boom Cranes Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Articulating Knuckle Boom Cranes Market, By Type
6. Europe Articulating Knuckle Boom Cranes Market, By Application
7. Europe Articulating Knuckle Boom Cranes Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Articulating Knuckle Boom Cranes Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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