Latest Report Update: Oct 8, 2021

Luxembourg - Derricks, Cranes, Mobile Lifting Frames, Straddle Carriers And Work Trucks Fitted With A Crane - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

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Luxembourg: Crane Market Overview 2021

Crane Market Size in Luxembourg

The Luxembourg crane market declined to $X in 2020, reducing by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2008 when the market value increased by X% year-to-year. Crane consumption peaked at $X in 2013; however, from 2014 to 2020, consumption failed to regain the momentum.

Crane Exports

Exports from Luxembourg

Crane exports from Luxembourg declined to X units in 2020, waning by -X% on the previous year. In general, exports showed a precipitous contraction. The most prominent rate of growth was recorded in 2015 when exports increased by X% y-o-y. Exports peaked at X units in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, crane exports fell significantly to $X in 2020. Overall, exports saw a abrupt slump. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Exports peaked at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

Germany (X units) was the main destination for crane exports from Luxembourg, accounting for a X% share of total exports. Moreover, crane exports to Germany exceeded the volume sent to the second major destination, Belgium (X units), threefold. The third position in this ranking was occupied by France (X units), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Germany totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+X% per year) and France (-X% per year).

In value terms, Germany ($X), Belgium ($X) and the Netherlands ($X) constituted the largest markets for crane exported from Luxembourg worldwide, together comprising X% of total exports. France and Singapore lagged somewhat behind, together accounting for a further X recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average crane export price stood at $X per unit in 2020, with a decrease of -X% against the previous year. Over the period under review, the export price, however, showed prominent growth. The most prominent rate of growth was recorded in 2017 an increase of X% y-o-y. The export price peaked at $X per unit in 2018; however, from 2019 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Belgium ($X per unit), while the average price for exports to Singapore ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands, while the prices for the other major destinations experienced mixed trend patterns.

Crane Imports

Imports into Luxembourg

In 2020, crane imports into Luxembourg dropped notably to X units, falling by -X% compared with the previous year. Over the period under review, imports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2013 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure at X units in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

In value terms, crane imports declined modestly to $X in 2020. Overall, imports saw a perceptible descent. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2008; however, from 2009 to 2020, imports remained at a lower figure.

Imports by Country

Finland (X units), Germany (X units) and France (X units) were the main suppliers of crane imports to Luxembourg, with a combined X% share of total imports.

From 2007 to 2020, the biggest increases were in Finland, while purchases for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) constituted the largest supplier of crane to Luxembourg, comprising X% of total imports. The second position in the ranking was occupied by France ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Germany amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-X% per year) and Belgium (-X% per year).

Import Prices by Country

The average crane import price stood at $X per unit in 2020, picking up by X% against the previous year. Over the period under review, the import price posted strong growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% year-to-year. As a result, import price reached the peak level of $X per unit. from 2019 to 2020, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Belgium ($X per unit), while the price for Finland ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane in the world?
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The countries with the highest volumes of crane consumption in 2020 were China (303K units), Belgium (191K units) and the U.S. (171K units), with a combined 44% share of global consumption. Italy, Pakistan, France, Germany, Canada, Spain, South Korea and Singapore lagged somewhat behind, together comprising a further 23%.
What are the largest producers of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane in the world?
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The countries with the highest volumes of crane production in 2020 were China (361K units), Belgium (188K units) and the U.S. (167K units), together accounting for 48% of global production. Italy, Germany, Pakistan, Spain, France, Japan, Poland, South Korea, Austria and Turkey lagged somewhat behind, together comprising a further 30%.
What are the leading suppliers of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane to Luxembourg?
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In value terms, Germany ($8.4M) constituted the largest supplier of crane to Luxembourg, comprising 37% of total imports. The second position in the ranking was occupied by France ($3.3M), with a 15% share of total imports. It was followed by Belgium, with a 14% share.
What are the leading importers of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane from Luxembourg?
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In value terms, the largest markets for crane exported from Luxembourg were Germany ($2.7M), Belgium ($1.5M) and the Netherlands ($119K), together accounting for 97% of total exports. France and Singapore lagged somewhat behind, together comprising a further 3.3%.
What is the average export price for derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane in Luxembourg?
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The average crane export price stood at $95,898 per unit in 2020, with a decrease of -18.6% against the previous year.
What is the average import price for derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane in Luxembourg?
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In 2020, the average crane import price amounted to $39,733 per unit, jumping by 27% against the previous year.

Product coverage:
• Prodcom 28221420 - Overhead travelling cranes on fixed support
• Prodcom 28221433 - Mobile lifting frames on tyres and straddle carriers
• Prodcom 28221435 - Transporter cranes, gantry cranes and bridge cranes
• Prodcom 28221440 - Tower cranes and portal or pedestal jib cranes
• Prodcom 28221450 - Self-propelled lifting equipment, of a kind mounted to run on rails in servicing building sites, quarries and the like
• Prodcom 28221460 - Lifting equipment designed for mounting on road vehicles
• Prodcom 28221470 - Lifting equipment (excluding overhead travelling cranes, t ower, transporter, gantry, portal, bridge or pedestal jib cranes, mobile lifting frames or straddle carriers, selfpropelled machinery)

This report provides an in-depth analysis of the crane market in Luxembourg. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Luxembourg

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Luxembourg
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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