Crane Market Overview in Romania
In value terms, crane production expanded modestly to $ in 2019 estimated in export prices. Overall, production saw a buoyant expansion. The growth pace was the most rapid in 2018 when the production volume increased by % y-o-y. Crane production peaked in 2019 and is likely to continue growth in the immediate term.
The size of the crane market in Romania was estimated at $ in 2019, picking up by % 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). Overall, consumption continues to indicate a resilient increase. The growth pace was the most rapid in 2018 when the market value increased by % y-o-y. Crane consumption peaked in 2019 and is likely to see steady growth in the immediate term.