UK Crane Market Size by Volume to Reach 5,731 Units by 2027 - Arizton

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Oct 25, 2021, 11:00 ET

CHICAGO, Oct. 25, 2021 /PRNewswire/ -- In-depth analysis and data-driven insights on the impact of COVID-19 included in this United Kingdom crane market report.

The United Kingdom crane market is expected to grow at a CAGR by volume at over 4.61% during the period 2021−2027.

Key Highlights Offered in the Report:

The UK crane market size by revenue is expected to reach USD 1.3 billion by 2027.
In 2020, the UK economy shrank by 9.9% due to disruption in supply chain due to COVID-19. The import and export were negatively impacted due to Brexit and global lockdown which reflected on country's imports that declined by 18.5% in 2020.
FDI inflow in the UK declined by 57% in 2020. The decline was due to trade uncertainty immersed by Brexit which negatively impacted FDI inflow in the country. However, FDI inflow is expected to rise as the UK government is simplifying the taxing system to eliminate the barriers for foreign national investors. The US and India are the largest investors in the UK.
The UK government has planned to invest in various projects such as national health plans, renewable energy, and transport development projects. The economic package of USD 117 billion is allocated for the redevelopment and skill development programs in 2021-2022.
The government's investment in various infrastructure and renewable energy projects such as the Kings Lynn B, Durie hill Stirling, Phase 1 gateways energy center, and Northern Estate Program are expected to drive the demand for cranes in the UK market.
The UK is the 5th largest importer of mobile crane in the world. The demand for mobile cranes increased in 2021 due to rise in the housing and hospital construction activities under residential and national health programs. The country mainly imports cranes from Italy, Germany, and China.
While under housing development program, the government targets to increase residential construction, the UK is facing labor shortage. According to national statistics data, there was a shortage of 33,000 labors in construction sector during the period April to June 2021, which is expected to rise in the future. Therefore, the demand for automation technologies such as remote control and Smart Crane technology is on the rise.

Key Offerings:

Market Size & Forecast by Volume | 2021−2027
Market Size & Forecast by Revenue | 2021−2027
Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
Market Segmentation – A detailed analysis by crane type, application, and gross power output
Competitive Landscape – 9 key vendors, 5 other vendors, and 3 distributors

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UK Crane Market – Segmentation

The demand for mobile cranes is largely driven to address high end works for urban and infrastructure development. In addition, there is a lot of construction activities such as infrastructure development, residential and hospital building projects are planned by the UK government in 2021.
Civil engineering activities in the country are growing due to active government investments. Local government investments, private investments, and ongoing infrastructure projects such as intra-city transport project, gigabit broadband roll out project. Construction activities are expected to grow due to government investments and adoption of new innovative technologies.
The <20 tons crane market in the UK is expected to reach 1,756 units by 2027, growing at a CAGR of 3.98% during the forecast period. This category of cranes is largely used inside tunnels for subways, underground roads, and underground electric line. Therefore, redevelopment and maintenance projects will drive up the demand for these cranes.

UK Crane Market by Crane Type

Mobile Crane

Crawler Cranes
Rough Terrain Cranes
All-Terrain Cranes
Truck Mounted Cranes
Others

Fixed Cranes

Overhead Cranes
Tower Cranes

UK Crane Market by Application

Construction
Mining
Transport/Port
Manufacturing
Others

UK Crane Market by Gross Power

Less than 20 Tons
20-100 Tons
101-200 Tons
Greater than 201 Tons

UK Crane Market – Dynamics

The UK is facing a housing crisis, and the primary reason for the housing crisis is the low infrastructure investment in the housing sector. Housing is unaffordable in many places for local people. The reasons for this include a shortage of land available for development, a lack of finance available for major infrastructure, low productivity growth in the construction sector, and insufficient market diversity. There is difference in demand and supply of houses in the UK and the demand surpasses the supply. Cities with the biggest housing shortages are primarily concentrated in the Greater Southeast of England, such as London and Brighton. The shortage of houses increases their prices, which makes them unaffordable for most of the population in the UK. Hence, people prefer to stay in rented and family houses, instead of having an independent house. Therefore, for increasing the supply of new houses, the government plans to build 300,000 new homes every year to match demand and make housing costs affordable from 2020. According to national housing, the government should invest USD 15.8 billion every year for the next decade to overcome these issues.

Key Drivers and Trends fueling Market Growth:

Rise in investments to support housing development
Healthcare infrastructure through the introduction of National Health Plan
Rise in demand for luffing tower cranes
Rise in demand for technology for communication and automation such as IOT, crane planner2.0, and Blokalert

Why Should You Buy This Report?

This report is among the few in the market that offers outlook and opportunity analysis forecast in terms of:

Volume (Unit sales)

Crane Type
Application
Gross Power

Value (USD)

Crane Type
Application
Gross Power

Gain competitive intelligence about the economic scenario, advantages in United Kingdom major projects and investments, dynamics, and market share
Examples of latest technologies
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Enable decision-makers to make informed and profitable choices
Gain expert quantitative and qualitative analysis on value/volume growth projections of the United Kingdom crane market share
Complete supply chain analysis
Get COVID-19 impact analysis of the market

Major Vendors

Tadano manufactures construction cranes
Manitex International
Manitowoc
SANY
Kobelco
Liebherr
Konecranes
Terex corporation
Xuzhou Construction Machinery Group Co., Ltd. (XCMG)

Other Prominent Vendors

Mammoet
Sarens
Ormig S.p.A.
Link-Belt Cranes
Kato Works

Distributors:

Weldex
Crowland Cranes Ltd
NRC Plant

Explore our industrial machinery profile to know more about the industry.

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