Mini Cranes Market 2022 | Present Scenario and Growth Prospects 2032

The global mini cranes market is anticipated to grow at a robust CAGR of 6.0% between 2022 and 2032. The overall sales of mini cranes are likely to surpass US$ 719.1 Mn by 2032. As per FMI, the global mini cranes market recorded a valuation of US$ 379.3 Mn in 2021.

According to FMI’s report, the U.K mini cranes market is expected to reach a valuation of US$ 26.8 Mn in 2022. The market value of mini cranes in the U.K is anticipated to reach a high of US$ 53.0 Mn by the year 2032. A historical market valuation of US$ 25.2 Mn was recorded for the base year (2021).

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Rising demand for mini cranes in material handling and logistics sector will drive growth in the U.K. market. Mini cranes are designed to move very small loads in tight spaces with ease and precision. This equipment can be used as a replacement for forklift trucks or simply as a supplement where more reach is needed. With the vast majority of material being transported on pallets, mini cranes can be a perfect fit for many logistical needs.

Sales in the U.K. market are expected to elevate continuously due to the rising need for mini cranes in the material handling and logistics sector. Mini cranes are used to handle lightweight materials such as paper, plastics, etc. They can also be used in loading and unloading containers at ports or warehouses where heavy loaders are not feasible.

Additionally, they are useful in warehousing operations where they are employed to lift various items and transport them around the warehouse. Thus, widening applications of these equipment will eventually drive the U.K. mini cranes market through 2032.

Adoption of mini cranes helps companies to reduce the need for manual labor as they can be operated by a single person. Another key reason for the rising demand for mini cranes in the U.K. is that they can be fitted into tight spaces where other large cranes cannot go.

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Key Takeaways from the Mini Cranes Market

• The mini cranes market in Germany accounted for a market valuation of US$ 18.0 Mn in the base year (2021).
• By the end of 2032, the mini cranes market in Germany is estimated to reach a high of US$ 36.2 Mn.
• In 2021, the market valuation of mini cranes in the U.K. stood at US$ 25.2 Mn.
• The U.K. mini cranes market is anticipated to reach at a valuation of US$ 53.0 Mn by the end of 2032.

“The U.K. is considered to be the hotspot for mini cranes due to their wide applications in logistic and material handling industries. Hence, key players are likely to form alliances with the Europe based players to gain lucrative opportunities.” – Says an FMI Analyst.

Competition Landscape in the Mini Cranes Market

Key companies are adopting organic growth strategies including new launches and brand endorsements to gain revenue. Additionally, they are relying on partnerships, acquisitions, and joint ventures to grow their clientele and maintain their foothold in the industry.

Herrmann & Wittrock, Manitowoc Cranes, and JMG crane are the leading players in the Europe mini cranes market.

Recent Developments

• In March 2022, Herrmann & Wittrock, a provider of rental equipment, placed an order with Liebherr International AG for three mobile cranes. The business will upgrade and expand the whole fleet of its mobile crane offerings by offering LTM 1040-2.1, LTM 1150-5.3, and LTM 1055-3.2 equipment.
• In October 2022, JMG crane announced the launch of MC100S from its newly completed JMG manufacturing plant.

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