Tower Crane Market Size, Share & Industry Analysis, By Type (Hammerhead Cranes, Flat Top Cranes, Luffing Jib Cranes, and Self-erecting Cranes), By Lifting Capacity (Upto 5 Tons, 6 to 20 Tons, 21 to 50 Tons, and More than 50 Tons), By Design Type (Top Slewing Crane and Bottom Slewing Crane), By Fuel Type (Electric, Diesel, and Hybrid), By End User (Construction Companies, Mining, Utilities, and Others), and Regional Forecast, 2024-2032
The tower crane Market 2025 is expanding with the growth of large-scale construction projects and urban development. Tower cranes, known for their height and lifting capacity, are essential for erecting tall structures and handling heavy materials, driving demand for advanced and efficient cranes in the construction and infrastructure sectors.
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List of the Companies Profiled in the Report:
- Xuzhou Construction Machinery Group Co. Ltd (China)
- Zoomlion Heavy Industry Science & Technology Co. Ltd (China)
- Liebherr International AG (Switzerland)
- The Manitowoc Company Inc (U.S.)
- Sany Heavy Industry Co. Ltd (China)
- Terex Corporation (U.S.)
- Action Construction Equipment Limited (India)
- Wolfkran Holding AG (Switzerland)
- Comansa (Spain)
- Yongmao Holdings Limited (China)
Segmentation:
By Type
- Hammerhead Cranes
- Flat Top Cranes
- Luffing Jib Cranes
- Self-erecting Cranes
By Lifting Capacity
- Upto 5 Tons
- 6 to 20 Tons
- 21 to 50 Tons
- More than 50 Tons
By Design Type
- Top Slewing Crane
- Bottom Slewing Crane
By Fuel Type
- Electric
- Diesel
- Hybrid
By End User
- Construction Companies
- Mining
- Utilities
- Others (Logistic Center, etc.)
Tower Crane Market Drivers and Restraints:
- Key Drivers: Growth in construction activities, especially in urban areas; Increased investment in infrastructure projects.
- Restraining Factors: High initial cost and maintenance; Challenges in transportation and assembly.
Report Coverage
The global tower crane Industry was valued at USD 5.97 billion in 2023. The Industry is projected to grow from USD 6.14 billion in 2024 to USD 8.76 billion by 2032, exhibiting a CAGR of 4.5% during the forecast period.
The report provides:
- Key growth drivers, challenges, opportunities, and potential barriers in the market.
- Comprehensive insights into regional developments.
- A list of major industry players.
- Key strategies adopted by market leaders.
- Recent industry developments, including product launches, partnerships, mergers, and acquisitions.
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Global Tower Crane Market: Regional Segmentation:-
- North America (USA & Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia & Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia & Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (GCC, South Africa & Rest of Middle East & Africa)
The information in this study is based on both primary and secondary research methods. The major research methodology comprises interactions with service providers, suppliers, and industry experts. The secondary research process entails a thorough search of relevant documents such as corporate annual reports, financial reports, and proprietary databases.
Key Industry Development
- Terex Corporation signed a distributor agreement with EWPA based in Western Poland. The basic aim of this agreement was to provide a supply chain of tower cranes through diversified geographical locations.
- Potain, a subsidiary of The Manitowoc Company, introduced a new MDLT 1109 crane for construction, mining, utilities, and logistics centers. It is designed with a top-slewing crane. It has a lifting capacity of 40 tons and operates with a height of 80 meters.
- Comansa introduced a new luffing crane, CML800, for the Chinese market. It has a lifting capacity of 50 tons, and a working radius of 65 meters. It is mainly used in the construction and mining sector.
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