| Product Code: ETC5910126 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Cyprus crane and hoist import market saw significant growth in 2024, with top exporting countries being China, Germany, Austria, Netherlands, and the UK. The market concentration, as measured by the HHI, increased from high to very high in just one year. The impressive Compound Annual Growth Rate (CAGR) of 7.76% from 2020 to 2024 indicates a strong and steady expansion. Moreover, the remarkable growth rate of 51.91% from 2023 to 2024 highlights the accelerating pace of import shipments in this sector. This data suggests a thriving market for crane and hoist imports in Cyprus.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cyprus Crane , Hoist Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Crane , Hoist Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Crane , Hoist Market - Industry Life Cycle |
3.4 Cyprus Crane , Hoist Market - Porter's Five Forces |
3.5 Cyprus Crane , Hoist Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Cyprus Crane , Hoist Market Revenues & Volume Share, By Operations, 2021 & 2031F |
3.7 Cyprus Crane , Hoist Market Revenues & Volume Share, By Industry, 2021 & 2031F |
4 Cyprus Crane , Hoist Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing construction activities in Cyprus |
4.2.2 Growth in the manufacturing sector driving demand for cranes and hoists |
4.2.3 Infrastructure development projects boosting the need for lifting equipment |
4.3 Market Restraints |
4.3.1 Economic downturn impacting investments in new construction projects |
4.3.2 Regulatory challenges affecting the import and export of cranes and hoists |
5 Cyprus Crane , Hoist Market Trends |
6 Cyprus Crane , Hoist Market Segmentations |
6.1 Cyprus Crane , Hoist Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Crane , Hoist Market Revenues & Volume, By Mobile Cranes, 2021-2031F |
6.1.3 Cyprus Crane , Hoist Market Revenues & Volume, By Fixed Cranes, 2021-2031F |
6.2 Cyprus Crane , Hoist Market, By Operations |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Crane , Hoist Market Revenues & Volume, By Hydraulic, 2021-2031F |
6.2.3 Cyprus Crane , Hoist Market Revenues & Volume, By Electric, 2021-2031F |
6.2.4 Cyprus Crane , Hoist Market Revenues & Volume, By Hybrid, 2021-2031F |
6.3 Cyprus Crane , Hoist Market, By Industry |
6.3.1 Overview and Analysis |
6.3.2 Cyprus Crane , Hoist Market Revenues & Volume, By Construction, 2021-2031F |
6.3.3 Cyprus Crane , Hoist Market Revenues & Volume, By Shipping & Material Handling, 2021-2031F |
6.3.4 Cyprus Crane , Hoist Market Revenues & Volume, By Automotive & Railway, 2021-2031F |
6.3.5 Cyprus Crane , Hoist Market Revenues & Volume, By Mining, 2021-2031F |
6.3.6 Cyprus Crane , Hoist Market Revenues & Volume, By Aerospace & Defense, 2021-2031F |
6.3.7 Cyprus Crane , Hoist Market Revenues & Volume, By Energy & Power, 2021-2031F |
7 Cyprus Crane , Hoist Market Import-Export Trade Statistics |
7.1 Cyprus Crane , Hoist Market Export to Major Countries |
7.2 Cyprus Crane , Hoist Market Imports from Major Countries |
8 Cyprus Crane , Hoist Market Key Performance Indicators |
8.1 Average utilization rate of cranes and hoists in Cyprus |
8.2 Number of new construction permits issued in the country |
8.3 Average age of cranes and hoists in operation |
9 Cyprus Crane , Hoist Market - Opportunity Assessment |
9.1 Cyprus Crane , Hoist Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Cyprus Crane , Hoist Market Opportunity Assessment, By Operations, 2021 & 2031F |
9.3 Cyprus Crane , Hoist Market Opportunity Assessment, By Industry, 2021 & 2031F |
10 Cyprus Crane , Hoist Market - Competitive Landscape |
10.1 Cyprus Crane , Hoist Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Crane , Hoist Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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