Overhead travelling cranes market in Belgium

Earlier Report Observations

Between 2018 and 2021, the Belgian overhead travelling crane market saw the entry of new players specializing in rental and maintenance, expanding supply. Demand was bolstered by growth in the construction sector and sustained infrastructure investments. The COVID-19 pandemic in 2020 disrupted supply chains, temporarily curbing imports, while tightening safety regulations and the expansion of local production began reducing import reliance by 2021.

From 2022 to 2024, production rose steadily to USD 22.5 million in 2024, and the market size grew to USD 25.9 million. This expansion was fueled by investments in automation and IoT technologies, which improved crane efficiency and safety. The launch of new crane models with advanced capabilities, alongside the development of hybrid and electric cranes, met evolving environmental standards and energy efficiency demands.

New government regulations in Wallonia in 2024, setting precise rules for crane transport and equipment requirements, further shaped market operations. The growth of rental and maintenance services, coupled with rising costs of imported materials, influenced supply strategies, but sustained demand from the construction sector ensured continued market growth throughout the period.

Production overhead travelling cranes in Belgium

According to Faostat, there is no production of overhead travelling cranes in Belgium.

Exports overhead travelling cranes from Belgium

Exports in kind, unit

The market showed an unstable trend throughout the period. The lowest exports were recorded in 2019 at 37.0 units, while the highest occurred in 2017, creating an 89-fold difference between these years. In 2020, Belgium's exports of overhead travelling cranes reached 271.7 units, marking a substantial increase of 634.3% compared to the previous year. The largest decline was observed in 2018 at 95.8%.

Annual dynamics of product's exports from Belgium in kind, 2017-2020, unit

From 2017 to 2020, the Netherlands accounted for 67.8% of Belgium's exports of overhead travelling cranes in kind, followed by Algeria and Vietnam, each with 5.6%. Together, these three countries represented 79.1% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Belgium in kind, 2017-2020

Exports in value, K $ US

The data reveals irregular changes, indicating a volatile market environment. The lowest exports in value terms were recorded in 2020 at 471 thousand US dollars, while the highest occurred in 2018 at 4 503 thousand US dollars, reflecting a 9.6-fold gap. In 2020, Belgium's export volume of overhead travelling cranes showed a sharp reduction of 62.8% compared to the previous year. The largest decline was in 2019 at 71.9%, and the largest increase was in 2018 at 37.3%.

Annual dynamics of product's exports from Belgium in value, 2017-2020, K $ US

Over the period from 2017 to 2020, the Netherlands was the main buyer of overhead travelling cranes from Belgium in value terms, accounting for 50.4% of exports. Venezuela followed with 14.2%, and Algeria with 4.0%. Together, these three countries comprised 68.7% of total exports in value terms.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Belgium in value, 2017-2020

Imports overhead travelling cranes to Belgium

Imports in kind, unit

The market exhibited an unstable trend throughout the timeframe. The minimum value was recorded in 2018 at 381.2 units, while the maximum occurred in 2019 at 966.5 units, resulting in a 2.5-fold difference between these years. In 2020, cross-border shipments of overhead travelling cranes to Belgium amounted to 402.8 units, representing a steep decrease of 58.3% compared to the previous year. The largest increase was recorded in 2019 at 153.5%.

Annual dynamics of product's imports to Belgium in kind, 2017-2020, unit

Structure of product's imports in kind by countries, 2017-2020

Imports in value, K $ US

There were noticeable fluctuations in market performance during the period. The minimum value was recorded in 2018 at 2 095 thousand US dollars, while the maximum occurred in 2019 at 9 164 thousand US dollars, showing a 4.4-fold variation. In 2020, overhead travelling cranes deliveries to Belgium amounted to 2 415 thousand US dollars, corresponding to a sudden decline of 73.6% compared to the previous year. The largest increase was recorded in 2019 at 337.4%.

Annual dynamics of product's imports to Belgium in value, 2017-2020, K $ US

Throughout 2017 to 2020, Germany was the leading source for Belgium's imports of overhead travelling cranes in value terms, accounting for 54.1%. The Netherlands followed with 14.0%, and Turkey with 13.0%. Together, these three countries represented 81.1% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Belgium in value, 2017-2020