Global Tower Crane Market was valued US$ 3.80 Bn in 2019 and is expected to reach 6.20 Bn by 2027, at a CAGR of 6.31 % during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Tower cranes are fixed equipment used in lifting heavy components. It has the ability to lift nearly 20 tons, which is widely used for the construction of high rise building projects
Rapid urbanization and increasing global population are one of the trends, which increase the demand for high-rise buildings. The increasing demand for high-rise buildings is one of the key factors driving the global tower crane market growth. With a global population explosion, the demand for high-rise buildings is increasing rapidly. Tower cranes are extensively used for construction, mainly in compact and closed spaces, predominantly high-rises owing to their operational efficiency. Furthermore, the lack of skilled manpower affects the speed, safety, and quality of construction projects and reluctance toward learning and operating upcoming technologies is projected to limit the global tower crane market growth during the forecast period.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analysing the market segments by material, type, end-user and region and, project the global tower crane market. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global tower crane market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
Self-erecting tower cranes are precisely suited to construction sites, which are projected to complete in short duration, demanding frequent operations of transport, setting up, erection and dismantling. This crane is right for both, road and containerized transport. The assembly is quick and is carried out with simple and automated systems. Furthermore, Luffing jib tower cranes are particularly designed for urban use. They have outstanding reach, which needs little room for slewing motions, and a special benefit if many cranes are working at the same time on high-rise buildings and power plant sites.
Upcoming trends include in the global tower crane market is the increasing demand for fuel-efficient tower cranes with advanced systems will bode well. To exploit the prevailing opportunities, key players are coming up with more fuel-efficient and cost-effective tower cranes, which bid a high level of safety. As construction key players from across the world are inclined toward fuel-efficient equipment, which the global tower cranes market is suggestively growing. Against this backdrop, strict government policies expected at curbing carbon emissions are also projected to spur the demand for tower cranes during the forecast period.
The Asia Pacific is expected to share significant growth in the global tower crane market. Increasing investments in public infrastructure projects by countries like China and India are expected to make the need for tower cranes. Major policy rollouts like the Real in India, which can further the development of cities and towns are expected to spur market growth forecast period.
Scope of the Report for Global Tower Crane Market
Global Tower Crane Market, By Product
• Self-erecting Tower Cranes
• Flat Top Tower Cranes
• Hammerhead Tower Cranes
• Luffing Jib Tower Cranes
Global Tower Crane Market, By Application
• Dam Building
• Bridge Building
• Shipyards
• Power Plants
• High Rise Buildings
Global Tower Crane Market, By End User
• Oil & Gas
• Construction
• Shipping & Port
Global Tower Crane Market, By Design
• Top Slewing Crane
• Bottom Slewing Crane
Global Tower Crane Market, by Capacity
• Up to 5 Tons
• 5 to 10 Tons
• 10 to 20 Tons
• 20 to 50 Tons
• Above 50 Tons
Global Tower Crane Market, By Geography
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players
• Favelle Favco Berhad
• Terex
• Liebherr Group
• Manitowoc
• Zoomlion Heavy Industry Science & Technology
• Liebherr
• Manitowoc
• Wiibert
• Orlaco
• MTC Tower Cranes
• Terex
• Eurocrane
• Muhibbah
• Konecranes
• Wolffkran
• Potain
• ELECTROMECH
• Yongmao Construction Machinery
• Sichuan Construction Machinery
• Guangxi Construction Machinery
• China State Construction
• Oritcranes
• G.C. SpA
• Anupam Industries Limited
• XCMG
• SANY
• ZOOMLION
• Fangyuan Group
• Sanyang Construction Machinery
• Huaxia Group
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The latest trending report Global Tower Crane Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The global Tower Crane market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 3.1% in the forecast period of 2020 to 2025 and will expected to reach USD 2277.8 million by 2025, from USD 2018.9 million in 2019.The Tower Crane market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/18586-tower-crane-market-analysis-reportMarket segmentationTower Crane market is split by Type and by Application.
For the period 2015-2025, the growth among segments provide accurate calculations and forecasts for sales by Type and by Application in terms of volume and value.
This analysis can help you expand your business by targeting qualified niche markets.By Type, Tower Crane market has been segmented into Self-erecting Tower Cranes, Flat Top Tower Cranes, Hammerhead Tower Cranes, Luffing Jib Tower Cranes, etc.By Application, Tower Crane has been segmented into Dam Building, Bridge Building, Shipyards, Power Plants, High Rise Buildings, etc.Regions and Countries Level AnalysisRegional analysis is another highly comprehensive part of the research and analysis study of the global Tower Crane market presented in the report.
For the historical and forecast period 2015 to 2025, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global Tower Crane market.The report offers in-depth assessment of the growth and other aspects of the Tower Crane market in important countries (regions), including United States, Canada, Mexico, Germany, France, United Kingdom, Russia, Italy, China, Japan, Korea, India, Southeast Asia, Australia, Brazil and Saudi Arabia, etc.
It also throws light on the progress of key regional Tower Crane markets such as North America, Europe, Asia-Pacific, South America and Middle East & Africa.Competitive Landscape and Tower Crane Market Share AnalysisTower Crane competitive landscape provides details by vendors, including company overview, company total revenue (financials), market potential, global presence, Tower Crane sales and revenue generated, market share, price, production sites and facilities, SWOT analysis, product launch.
The global Tower Crane Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the tower crane market include Manitowoc Liebherr Group, Terex Corporation, XCMG Group, etc., Wolfkkran International AG, angyuan Group Co. Ltd., Zoomlion among others.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Tower Crane Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/tower-crane-market/download-sampleMarket DynamicsThe rising high-rise building activities and accelerating crane rental demand across the globe is the major factor driving the tower crane market.
The urge in the necessity for housing, particularly in urban areas, has inclined the construction of high-rise structures that necessitate lifting and handling of building materials and components at elevated heights leads to high market demand.
The noteworthy government investments for infrastructure development activities are stimulating high market demand in the forecast period.
These cranes have the capacity of lifting nearly 20 tons and is generally used in the construction industry for the making of high rise building projects.
The global tower crane industry is estimated to witness a robust CAGR of 4.32% during the forecast period.
As per the report published recently, the global tower crane market is expect to witness such growth owing to the rising demand for residential buildings and apartments in urban areas.
As per a report published by the US Census Bureau in 2016, the budget for construction was increased by 6% which is bound to bode well for the global market in the coming years.Rapid urbanization, land banking by governments and government initiatives for infrastructure development and the expansion of construction sector is expected to drive the global tower crane market over the forecast period.
Developed countries in North America and Europe are also anticipated to witness rising investments in their construction sector in the coming years.
Renting is much more feasible and attractive option for these developers owing to servicing, zero maintenance, and storage fees.
