Market size analysis and forecast of overhead cranes in Italy in 2022

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Market size analysis and forecast of overhead cranes in Italy in 2022

Italia is a European country with a very complete range of industries, and its manufacturing scale is the second largest in Europe. In 2019, the total GDP reached 2 trillion US dollars, ranking behind Jerman, Britain and Prancis. As a Chinese crane supplier providing crane services to the world, Dongqi Crane has a high degree of attention to the Italian crane market. If the crane market in Italy can be opened, it will be a testament to the quality of our crane service for us. This article will discuss the market size and future trend of Italian overhead cranes in 2022 from some data

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Italian Overhead Crane Market Size

After two years of growth, the Italian Overhead Crane Market fell -X% to $X in 2020. During the period under review, there was a deep contraction in consumption. The most significant growth rate occurred in 2019, when the market value increased by X% over the previous year. Overhead crane consumption peaked at $X in 2007; however, from 2008 to 2020, consumption failed to regain momentum.

By value, the production of overhead cranes in 2020 is estimated to fall to X dollars at export prices. Overall, however, production records fell sharply. The growth rate was most pronounced in 2011, when production fell -X% year-on-year. Overhead crane production peaked at $X in 2007; however, from 2008 to 2020, production has remained low.

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Export Scale of Italian Overhead Cranes

In 2020, Italian exports of overhead cranes soared to X units, an increase of X% over 2019. During the period under review, exports increased slightly. The growth rate was most pronounced in 2013, when exports increased by X% over the previous year. As a result, exports peaked at X units. From 2014 to 2020, the growth rate of exports remained at a low level.

Overhead crane exports surged to $X in 2020 by value. Overall, there has been a marked increase in exports. The growth rate was most pronounced in 2013, with a year-on-year increase of X%. Exports peaked at $X in 2014; however, from 2015 to 2020, export figures were slightly lower.

Ukraine (X units), France (X units) and the Belanda (X units) were the main destinations for Italian bridge crane exports, together accounting for X% of total exports. From 2007 to 2020, Ukraine saw the largest increase in shipments, while other leaders saw more modest growth in shipments.

In value terms, Ukraine ($X), France ($X) and the Netherlands ($X) appear to be the largest markets for Italy's global exports of overhead cranes, accounting for X% of total exports. Swiss, Vietnam, China, Mesir, Meksiko, Polandia, Sweden, Luxembourg, and the U.S. experienced growth in exports from major destination countries during the period under review, while shipments from other leaders grew at a more moderate rate.

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Import Scale of Italian Overhead Crane Market

In 2020, overseas purchases of fixed-support bridge cranes finally picked up, reaching X units for the first time since 2017, ending the two-year downward trend. Overall, import growth was strong. 2017 saw the fastest growth, with imports increasing by X% year-on-year. As a result, imports peaked at X units. From 2018 to 2020, import growth remained low.

Imports of overhead cranes in 2020 are worth X dollars by value. During the period under review, imports fell sharply. The most notable growth rate occurred in 2017, with an X% increase compared to the previous year. During the period under review, imports reached a record $X in 2013; however, from 2014 to 2020, import volumes have remained low.

Austria (X satuan), Spanyol (X satuan) dan Finlandia (X units) are the main suppliers of Italian bridge crane imports, accounting for X% of total imports. This is followed by Turki, Switzerland, Germany and Serbia, which have further increased their purchases from 2007 to 2020. Among the major suppliers, Turkey has achieved the most significant purchase growth rate, while the other countries’ The import leader's growth rate was more modest.

Austria ($X) is the largest supplier of overhead cranes to Italy by value, accounting for X% of total imports. In second place is Spain ($X) with X% of total imports. It is followed by Finland with an X% share.

From 2007 to 2020, Austria experienced an average annual value growth of +X%. The average annual growth rates of imports by the remaining suppliers are as follows: Spain (+X% per annum) and Finland (-X% per annum)

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The relationship between Italy and the Chinese market

Although our crane sales in Italy have grown very slowly, and in the past 2021, we have only completed two electric hoist crane projects, the scale of trade between China and Italy is very noteworthy, and Italy is China's first in the EU. Four major trading partners, China is Italy's largest trading partner in Asia. With the further development of China's manufacturing industry, we believe that the crane equipment we produce and design will also usher in the day that it will be recognized by Italian customers.

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