The European tower crane market has undergone significant shifts over the past three years, shaped by evolving construction demands, economic fluctuations, and technological advancements. While the sector showed resilience in 2022, driven by strong backlogs and infrastructure projects, 2023 marked a turning point, with overall sales declining in several key markets due to reduced order intakes and a slowdown in the construction industry.

This report focuses specifically on tower cranes, aiming to provide an overview of trends affecting price and demand for this type of equipment. The report draws insights from industry articles and market research, as well as from the comprehensive sales data of Ritchie Bros. auctions and listing data from Mascus online marketplace.

The 2024 edition utilizes data and market trends from the three previous years.

CONTENTS

• INTRODUCTION
  TOWER CRANE MARKET
  LATEST MARKET TRENDS
  POPULAR BRANDS AND MODELS
  PRICE AND SALES TRENDS
  FINANCING AND VALUATION
  BUY OR RENT A TOWER CRANE
  HIGH DEMAND FOR RENTAL MODELS
  BUYER LOCATION
  TOWER CRANE COMPONENTS
  LIFESPAN AND SAFETY ASPECTS
  LIFESPAN
  SAFETY ASPECTS
  ASSET VALUATION CURVES