| Product Code: ETC4782606 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Lithuania`s crane import shipments in 2024 were predominantly sourced from top exporting countries such as Germany, Belgium, Netherlands, Metropolitan France, and Norway. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry saw a significant decline with a Compound Annual Growth Rate (CAGR) of -21.02% from 2020 to 2024. Additionally, the growth rate between 2023 and 2024 plummeted by -71.01%, suggesting a challenging year for crane imports in Lithuania. Monitoring these trends can provide valuable insights for market participants in the crane industry.

The Crane market in Lithuania is projected to grow at a stable growth rate of 4.50% by 2027, within the Europe region led by Germany, along with other countries like United Kingdom, France, Italy and Russia, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

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 Lithuania Crane Market Overview |
3.1 Lithuania Country Macro Economic Indicators |
3.2 Lithuania Crane Market Revenues & Volume, 2021 & 2031F |
3.3 Lithuania Crane Market - Industry Life Cycle |
3.4 Lithuania Crane Market - Porter's Five Forces |
3.5 Lithuania Crane Market Revenues & Volume Share Segmentations, 2021 & 2031F |
3.6 Lithuania Crane Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Lithuania Crane Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing infrastructure development projects in Lithuania |
4.2.2 Increasing demand for material handling equipment in various industries |
4.2.3 Government initiatives to promote construction and industrial activities |
4.3 Market Restraints |
4.3.1 High initial investment and maintenance costs associated with cranes |
4.3.2 Limited availability of skilled crane operators and technicians in the market |
4.3.3 Stringent regulations and standards for crane operations and safety |
5 Lithuania Crane Market Trends |
6 Lithuania Crane Market Segmentations |
6.1 Lithuania Crane Market Segmentations |
6.1.1 Overview and Analysis |
6.1.2 Lithuania Crane Market Revenues & Volume, By Mobile Crane, 2021-2031F |
6.1.3 Lithuania Crane Market Revenues & Volume, By Fixed Crane, 2021-2031F |
6.1.4 Lithuania Crane Market Revenues & Volume, By Marine and Offshore Crane, 2021-2031F |
6.2 Lithuania Crane Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Lithuania Crane Market Revenues & Volume, By Industrial Applications, 2021-2031F |
6.2.3 Lithuania Crane Market Revenues & Volume, By Marine and offshore, 2021-2031F |
6.2.4 Lithuania Crane Market Revenues & Volume, By Mining and Excavation, 2021-2031F |
6.2.5 Lithuania Crane Market Revenues & Volume, By Construction, 2021-2031F |
6.2.6 Lithuania Crane Market Revenues & Volume, By Other Applicants, 2021-2031F |
7 Lithuania Crane Market Import-Export Trade Statistics |
7.1 Lithuania Crane Market Export to Major Countries |
7.2 Lithuania Crane Market Imports from Major Countries |
8 Lithuania Crane Market Key Performance Indicators |
8.1 Average utilization rate of cranes in Lithuania |
8.2 Number of new infrastructure projects announced or initiated |
8.3 Rate of adoption of advanced crane technologies |
8.4 Average downtime of cranes due to maintenance issues |
8.5 Number of crane operator training programs conducted annually |
9 Lithuania Crane Market - Opportunity Assessment |
9.1 Lithuania Crane Market Opportunity Assessment Segmentations, 2021 & 2031F |
9.2 Lithuania Crane Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Lithuania Crane Market - Competitive Landscape |
10.1 Lithuania Crane Market Revenue Share, By Companies, 2024 |
10.2 Lithuania Crane Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |