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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Key Industry Players in the Market
The report offers an extensive assessment of major players in the global tower crane market; it evaluates their capability, observes latest occurrences such as mergers and acquisitions, capacity expansions, and plant turnarounds.
- Yongmao Holdings Limited
- The Manitowoc Company, Inc
- Liebherr-International Deutschland GmbH
- Terex Corporation
- WOLFFKRAN Group
- Mammoet Group
- Sarens n.v./s.a.
- Zoomlion Heavy Industry Science&Technology Co., Ltd.
- Lampson International LLC
- Deep South Crane & Rigging, LLC
- Others
Tower Crane Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 4.5% in the forecast period of between 2024 and 2032.
The major drivers of the market include the increasing demand for construction machines capable of moving heavy loads, expansion of the construction sector across emerging economies, and growing renovation initiatives.
The growing research and development activities by the manufacturers aimed towards improving the models of tower crane and rapid industrial construction initiatives are the key trends in the market.
Hammerhead, luffing jib, flat top, and self-erecting are the different segments in the tower crane market based on type.
Less than 5 ton, 6 to 10 ton, and more than 10 ton are the different categories based on lifting capacity.
The cost of a tower crane depends upon the radius of the product. For instance, tower cranes of radius 48-60 m can have a price range of between USD 41,000 and USD 48,000.
A tower crane is generally used for mobilising heavy loads in the construction sector. It can anchor loads which are humanly impossible to lift.
The primary end-user industries for tower cranes are infrastructural construction, energy, and building construction, among others.
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