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2021
Tower Crane Market

Tower Crane Market by Type (Self-erecting, Luffing Jib, Hammer Head, and Flat Top), Lifting Capacity (Less than 5 ton, 6 to 10 ton, and More than 10 ton), and End-user Industry (Building Construction, Infrastructural Construction, Energy, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2028

A11315
Pages: 233
May 2021 | 1371 Views
   
Author(s) : Tanvi Pednekar , Onkar Sumant
Tables: 112
Charts: 59
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Global Tower Crane Market Outlook-2028

The global tower crane market size is expected to reach $9,907.1 million in 2028, from $6,683.2 million in 2020, growing at a CAGR of 4.8% from 2021 to 2028.  Tower cranes are utilized for lifting and handling goods and materials. They are powerful equipment and can easily surpass lifting capabilities of any other type of crane. In addition, it offers extremely high lifting capability and offers peak efficiency, stability, and precision. 

The COVID-19 pandemic has hindered the demand for tower cranes in North America and Europe, however, China exhibited significant growth in demand during the outbreak of COVID-19 pandemic.

Moreover, tower cranes are widely utilized in the construction industry owing to the high demand for material handling on elevated levels. However, they also find applications in construction of structures such as dams, bridges, industries, power generation plants, and others. Further, tower cranes were first introduced by the company Liebherr-International Deutschland GmbH, headquartered in Germany in 1949, and witness a high demand in the global tower crane construction industry. 

Tower-Crane-Market-2021-2028

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The surge in urbanization is a major factor influencing the demand for tower cranes in developing nations such as India, Vietnam, Brazil, and others. The surge in necessity for housing especially in urban areas has influenced the construction of high-rise structures which require lifting and handling of building materials and components at elevated heights. Tower cranes are mostly static in nature and thus, offer a stable and safe operating platform for lifting of heavy material. In addition, this also improves the efficiency of lifting in congested urban areas where the movement of lifting equipment is restrained due to the closely spaced building. Thus, surge in urbanization drives the growth of the tower crane market. 

Tower Crane Market
By Type

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Self Erecting segment is projected to grow at a significant CAGR

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Moreover, tower cranes are efficient for operations in rough and uneven terrains owing to the fixed foundation of these cranes. The fixed nature of tower cranes improves the stability offered by the equipment thereby, making them efficient in construction of bridges, railway lines, dams, and others. In addition, tower cranes are also helpful in lifting prefabricated components of bridges and other infrastructural structures, which is expected to drive the growth of the tower crane market.   

However, the high cost of tower cranes is one the influential restraining factor for the growth of the tower crane market. The fixed nature of tower cranes makes it expensive for operating and assembling, which surges the overall costs incurred while using tower cranes. Further, the growing popularity of mobile cranes and mobile crane rentals is expected to hinder the demand for tower cranes. In addition, the COVID-19 pandemic has shut-down the production and sales of various products in the tower cranes, mainly owing to the prolonged lockdown in major global countries including the U.S., Italy, the UK, and others. This has hampered the growth of the tower crane market significantly within the last few months, and is likely to continue during 2020. Moreover, the lockdowns have also led to a halt in construction activities, thereby hampering the demand for tower cranes during 2020.

Tower Crane Market
By Lifting Capacity

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Less than 5 ton segment is projected to grow at a significant CAGR

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On the contrary, autonomous and automated crane systems allow remote access to the machines that operate without human drivers. The rise in adoption of remotely operated equipment also reduces the risk of accidents and fatalities, which is anticipated to drive the growth of the tower crane market in near future.

The tower crane market is segmented on the basis of type, lifting capacity, application, and region. By type, it is classified into self-erecting, luffing jib, hammer head, and flat top. By lifting capacity, it is categorized into less than 5 ton, 6 to 10 ton, and more than 10 ton. By end user industry, it is divided into building construction, infrastructural construction, energy, and others. By region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific is expected to hold the largest market share throughout the study period, and LAMEA is expected to grow at the fastest rate.

Tower Crane Market
By End-User Industry

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Building Construction segment holds dominant position in 2020

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Competition Analysis

The key market players profiled in the report include Action Construction Equipment Ltd., ENG CRANES Srl, JASO Tower Cranes, Liebherr-International AG, Manitowoc Company, Inc., SANY Global, Sarens n.v./s.a., Terex Corporation, WOLFFKRAN International AG, and Zoomlion Heavy Industry Science & Technology Co., Ltd.   

Many competitors in the tower crane market adopted business expansion as their key developmental strategy to expand their production capacities and upgrade their product technologies. For instance, in January 2019, Zoomlion Heavy Industry Science & Technology Co., Ltd. based in China, opened an intelligent production plant for tower cranes in Changde, China. The production plant is claimed to be the world’s largest intelligent factory which required three years for construction and represented an investment of $115.4 million. It features Industry 4.0 standards and includes 12 automatic production lines, 100 industrial robots, more than 1,000 sensors, and other advanced equipment. The establishment of the manufacturing unit has enabled Zoomlion to garner an impressive global tower crane market share. Similarly, players in the global tower crane market are also adopting product launch as their key development strategies to offer a wide range of tower crane products. For instance, in February 2020, the U.S. based company Manitowoc, through its brand Potain, launched the MHR 175 tower crane at the CONEXPO 2020 trade show held in the U.S. The MRH 175 has hydraulic luffing technology, which eliminates the need of wire rope installation. 

Tower Crane Market
By Region

2028
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific holds a dominant position in 2020 and LAMEA is expected to grow at a highest rate during the forecast period.

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Key Benefits For Stakeholders

  • The report provides an extensive analysis of the current and emerging global tower crane market trends and dynamics.  
  • In-depth tower crane market analysis is conducted by constructing market estimations for the key market segments between 2019 and 2027. 
  • Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
  • A comprehensive tower crane market opportunity analysis of all the countries is also provided in the report.
  • The global tower crane market forecast analysis from 2020 to 2027 is included in the report.
  • The key players within the market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the industry. 

Global Tower Crane Market Segments

By Type

  • Self-erecting
  • Luffing Jib
  • Hammer Head
  • Flat Top

By Lifting Capacity

  • Less than 5 ton
  • 6 to 10 ton
  • More than 10 ton

By End User Industry

  • Building Construction
  • Infrastructural Construction
  • Energy
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East 
    • Africa

Key Players

  • Action Construction Equipment Ltd.
  • ENG CRANES Srl
  • JASO Tower Cranes
  • Liebherr-International AG
  • Manitowoc Company, Inc.
  • SANY Global
  • Sarens n.v./s.a.
  • Terex Corporation
  • XCMG
  • Zoomlion Heavy Industry Science & Technology Co., Ltd.   
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study
2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top impacting factors
3.2.2.Top investment pockets

3.3.Porter's five forces analysis
3.4.Market share analysis
3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Surge in urbanization
3.5.1.2.Exceptional stability offered by tower cranes
3.5.1.3.Increasing investment on renewable energy development

3.5.2.Restraints

3.5.2.1.High operational and equipment costs
3.5.2.2.Lack of skilled labor in the construction industry

3.5.3.Opportunity

3.5.3.1.Growing demand for prefabricated construction

3.6.COVID-19 impact analysis

CHAPTER 4:TOWER CRANE MARKET, BY TYPE

4.1.Overview

4.1.1.Market size and forecast, by type

4.2.Self-erecting

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country

4.3.Luffing jib

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country

4.4.Hammer head

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market analysis, by country

4.5.Flat top

4.5.1.Key market trends, growth factors, and opportunities
4.5.2.Market size and forecast, by region
4.5.3.Market analysis, by country

CHAPTER 5:TOWER CRANE MARKET, BY LIFTING CAPACITY

5.1.Overview

5.1.1.Market size and forecast, by lifting capacity

5.2.Less than 5 ton

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country

5.3.6 to 10 ton

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country

5.4.More than 10 ton

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market analysis, by country

CHAPTER 6:TOWER CRANE MARKET, BY END-USER INDUSTRY

6.1.Overview

6.1.1.Market size and forecast, by end-user industry

6.2.Building construction

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis, by country

6.3.Infrastructural construction

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis, by country

6.4.Energy

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market analysis, by country

6.5.Others

6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by region
6.5.3.Market analysis, by country

CHAPTER 7:TOWER CRANE MARKET, BY REGION

7.1.Overview

7.1.1.Market size and forecast, by region

7.2.North America

7.2.1.Key market trends and opportunities
7.2.2.Market size and forecast, by type
7.2.3.Market size and forecast, by lifting capacity
7.2.4.Market size and forecast, by end-user industry
7.2.5.Market analysis, by country

7.2.5.1.U.S.

7.2.5.1.1.Market size and forecast, by type
7.2.5.1.2.Market size and forecast, by lifting capacity
7.2.5.1.3.Market size and forecast, by end-user industry

7.2.5.2.Canada

7.2.5.2.1.Market size and forecast, by type
7.2.5.2.2.Market size and forecast, by lifting capacity
7.2.5.2.3.Market size and forecast, by end-user industry

7.2.5.3.Mexico

7.2.5.3.1.Market size and forecast, by type
7.2.5.3.2.Market size and forecast, by lifting capacity
7.2.5.3.3.Market size and forecast, by end-user industry

7.3.Europe

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by type
7.3.3.Market size and forecast, by lifting capacity
7.3.4.Market size and forecast, by end-user industry
7.3.5.Europe market size and forecast, by country

7.3.5.1.Germany

7.3.5.1.1.Market size and forecast, by type
7.3.5.1.2.Market size and forecast, by lifting capacity
7.3.5.1.3.Market size and forecast, by end-user industry

7.3.5.2.UK

7.3.5.2.1.Market size and forecast, by type
7.3.5.2.2.Market size and forecast, by lifting capacity
7.3.5.2.3.Market size and forecast, by end-user industry

7.3.5.3.France

7.3.5.3.1.Market size and forecast, by type
7.3.5.3.2.Market size and forecast, by lifting capacity
7.3.5.3.3.Market size and forecast, by end-user industry

7.3.5.4.Italy

7.3.5.4.1.Market size and forecast, by type
7.3.5.4.2.Market size and forecast, by lifting capacity
7.3.5.4.3.Market size and forecast, by end-user industry

7.3.5.5.Rest of Europe

7.3.5.5.1.Market size and forecast, by type
7.3.5.5.2.Market size and forecast, by lifting capacity
7.3.5.5.3.Market size and forecast, by end-user industry

7.4.Asia-Pacific

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by type
7.4.3.Market size and forecast, by lifting capacity
7.4.4.Market size and forecast, by end-user industry
7.4.5.Market size and forecast, by country

7.4.5.1.China

7.4.5.1.1.Market size and forecast, by type
7.4.5.1.2.Market size and forecast, by lifting capacity
7.4.5.1.3.Market size and forecast, by end-user industry

7.4.5.2.Japan

7.4.5.2.1.Market size and forecast, by type
7.4.5.2.2.Market size and forecast, by lifting capacity
7.4.5.2.3.Market size and forecast, by end-user industry

7.4.5.3.India

7.4.5.3.1.Market size and forecast, by type
7.4.5.3.2.Market size and forecast, by lifting capacity
7.4.5.3.3.Market size and forecast, by end-user industry

7.4.5.4.Rest of Asia-Pacific

7.4.5.4.1.Market size and forecast, by type
7.4.5.4.2.Market size and forecast, by lifting capacity
7.4.5.4.3.Market size and forecast, by end-user industry

7.5.LAMEA

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by type
7.5.3.Market size and forecast, by lifting capacity
7.5.4.Market size and forecast, by end-user industry
7.5.5.Market size and forecast, by country

7.5.5.1.Latin America

7.5.5.1.1.Market size and forecast, by type
7.5.5.1.2.Market size and forecast, by lifting capacity
7.5.5.1.3.Market size and forecast, by end-user industry

7.5.5.2.Middle East

7.5.5.2.1.Market size and forecast, by type
7.5.5.2.2.Market size and forecast, by lifting capacity
7.5.5.2.3.Market size and forecast, by end-user industry

7.5.5.3.Africa

7.5.5.3.1.Market size and forecast, by type
7.5.5.3.2.Market size and forecast, by lifting capacity
7.5.5.3.3.Market size and forecast, by end-user industry

CHAPTER 8:COMPETITIVE LANDSCAPE

8.1.Introduction

8.1.1.Market player positioning, 2019

8.2.Top winning strategies

CHAPTER 9:COMPANY PROFILES: TOWER CRANE MARKET

9.1.Action Construction Equipment Ltd.

9.1.1.Company overview
9.1.2.Key executives
9.1.3.Company snapshot
9.1.4.Product portfolio
9.1.5.Business performance

9.2.Jaso Equipos De Obras Y Construcciones, S.L.

9.2.1.Company overview
9.2.2.Key executive
9.2.3.Company snapshot
9.2.4.Product portfolio

9.3.Liebherr International S.A.

9.3.1.Company overview
9.3.2.Key executives
9.3.3.Company snapshot
9.3.4.Operating business segments
9.3.5.Product portfolio
9.3.6.R&D expenditure
9.3.7.Business performance
9.3.8.Key strategic moves and developments

9.4.SANY Group

9.4.1.Company overview
9.4.2.Key executive
9.4.3.Company snapshot
9.4.4.Product portfolio
9.4.5.Key strategic moves and developments

9.5.Sarens Bestuur NV

9.5.1.Company overview
9.5.2.Key executive
9.5.3.Company snapshot
9.5.4.Product portfolio
9.5.5.Key strategic moves and developments

9.6.Manitowoc Company Inc.

9.6.1.Company overview
9.6.2.Key executives
9.6.3.Company snapshot
9.6.4.Operating business segments
9.6.5.Product portfolio
9.6.6.R&D expenditure
9.6.7.Business performance
9.6.8.Key strategic moves and developments

9.7.ENG Cranes Srl

9.7.1.Company overview
9.7.2.Key executives
9.7.3.Company snapshot
9.7.4.Operating business segments
9.7.5.Product portfolio
9.7.6.Key strategic moves and developments

9.8.TEREX CORPORATION

9.8.1.Key executives
9.8.2.Company snapshot
9.8.3.Operating business segments
9.8.4.Product portfolio
9.8.5.R&D expenditure
9.8.6.Business performance
9.8.7.Key strategic moves and developments

9.9.WOLFFKRAN International AG

9.9.1.Company overview
9.9.2.Key executives
9.9.3.Company snapshot
9.9.4.Product portfolio

9.10.Zoomlion Heavy Industry Science & Technology Co. Ltd.

9.10.1.Company overview
9.10.2.Key executive
9.10.3.Company snapshot
9.10.4.Operating business segments
9.10.5.Product portfolio
9.10.6.Business performance
9.10.7.Key strategic moves and developments

LIST OF TABLES

TABLE 01.EU27 BUILDING CONSTRUCTION INDUSTRY, NEW CONSTRUCTION, COMPARISON BY QUARTER (% CHANGE)
TABLE 02.GLOBAL TOWER CRANE MARKET, BY TYPE, 2020-2028 ($MILLION)
TABLE 03.SELF-ERECTING TOWER CRANE MARKET REVENUE, BY REGION 2020–2028($MILLION)
TABLE 04.LUFFING JIB TOWER CRANE MARKET REVENUE, BY REGION 2020–2028($MILLION)
TABLE 05.HAMMER HEAD TOWER CRANE MARKET REVENUE, BY REGION 2020–2028($MILLION)
TABLE 06.FLAT TOP TOWER CRANE MARKET REVENUE, BY REGION 2020–2028($MILLION)
TABLE 07.GLOBAL TOWER CRANE MARKET REVENUE, BY LIFTING CAPACITY, 2020-2028 ($MILLION)
TABLE 08.LESS THAN 5 TON TOWER CRANE MARKET REVENUE, BY REGION 2020–2028($MILLION)
TABLE 09.6 TO 10 TON TOWER CRANE MARKET REVENUE, BY REGION 2020–2028($MILLION)
TABLE 10.MORE THAN 10 TON TOWER CRANE MARKET REVENUE, BY REGION 2020–2028($MILLION)
TABLE 11.GLOBAL TOWER CRANE MARKET REVENUE, BY END-USER INDUSTRY, 2020-2028 ($MILLION)
TABLE 12.TOWER CRANE MARKET REVENUE FOR BUILDING CONSTRUCTION, BY REGION 2020–2028($MILLION)
TABLE 13.TOWER CRANE MARKET REVENUE FOR INFRASTRUCTURAL CONSTRUCTION, BY REGION 2020–2028($MILLION)
TABLE 14.TOWER CRANE MARKET REVENUE FOR ENERGY, BY REGION 2020–2028($MILLION)
TABLE 15.TOWER CRANE MARKET REVENUE FOR OTHERS, BY REGION 2020–2028($MILLION)
TABLE 16.GLOBAL TOWER CRANE MARKET REVENUE, BY REGION 2020–2028$MILLION)
TABLE 17.NORTH AMERICA TOWER CRANE MARKET REVENUE, BY TYPE 2020–2028($MILLION)
TABLE 18.NORTH AMERICA TOWER CRANE MARKET REVENUE, BY LIFTING CAPACITY, 2020–2028($MILLION)
TABLE 19.NORTH AMERICA TOWER CRANE MARKET REVENUE, BY END-USER INDUSTRY, 2020–2028($MILLION)
TABLE 20.NORTH AMERICA TOWER CRANE MARKET REVENUE, BY COUNTRY 2020–2028($MILLION)
TABLE 21.U.S. TOWER CRANE MARKET REVENUE, BY TYPE 2020–2028($MILLION)
TABLE 22.U.S. TOWER CRANE MARKET REVENUE, BY LIFTING CAPACITY 2020–2028($MILLION)
TABLE 23.U.S. TOWER CRANE MARKET REVENUE, BY END-USER INDUSTRY 2020–2028($MILLION)
TABLE 24.CANADA TOWER CRANE MARKET REVENUE, BY TYPE 2020–2028($MILLION)
TABLE 25.CANADA TOWER CRANE MARKET REVENUE, BY LIFTING CAPACITY 2020–2028($MILLION)
TABLE 26.CANADA TOWER CRANE MARKET REVENUE, BY END-USER INDUSTRY 2020–2028($MILLION)
TABLE 27.MEXICO TOWER CRANE MARKET REVENUE, BY TYPE 2020–2028($MILLION)
TABLE 28.MEXICO TOWER CRANE MARKET REVENUE, BY LIFTING CAPACITY 2020–2028($MILLION)
TABLE 29.MEXICO TOWER CRANE MARKET REVENUE, BY END-USER INDUSTRY 2020–2028($MILLION)
TABLE 30.EUROPE TOWER CRANE MARKET REVENUE, BY TYPE 2020–2028($MILLION)
TABLE 31.EUROPE TOWER CRANE MARKET REVENUE, BY LIFTING CAPACITY, 2020–2028($MILLION)
TABLE 32.EUROPE TOWER CRANE MARKET REVENUE, BY END-USER INDUSTRY, 2020–2028($MILLION)
TABLE 33.EUROPE TOWER CRANE MARKET REVENUE, BY COUNTRY 2020–2028($MILLION)
TABLE 34.GERMANY TOWER CRANE MARKET REVENUE, BY TYPE 2020–2028($MILLION)
TABLE 35.GERMANY TOWER CRANE MARKET REVENUE, BY LIFTING CAPACITY 2020–2028($MILLION)
TABLE 36.GERMANY TOWER CRANE MARKET REVENUE, BY END-USER INDUSTRY 2020–2028($MILLION)
TABLE 37.UK TOWER CRANE MARKET REVENUE, BY TYPE 2020–2028($MILLION)
TABLE 38.UK TOWER CRANE MARKET REVENUE, BY LIFTING CAPACITY 2020–2028($MILLION)
TABLE 39.UK TOWER CRANE MARKET REVENUE, BY END-USER INDUSTRY 2020–2028($MILLION)
TABLE 40.FRANCE TOWER CRANE MARKET REVENUE, BY TYPE 2020–2028($MILLION)
TABLE 41.FRANCE TOWER CRANE MARKET REVENUE, BY LIFTING CAPACITY 2020–2028($MILLION)
TABLE 42.FRANCE TOWER CRANE MARKET REVENUE, BY END-USER INDUSTRY 2020–2028($MILLION)
TABLE 43.ITALY TOWER CRANE MARKET REVENUE, BY TYPE 2020–2028($MILLION)
TABLE 44.ITALY TOWER CRANE MARKET REVENUE, BY LIFTING CAPACITY 2020–2028($MILLION)
TABLE 45.ITALY TOWER CRANE MARKET REVENUE, BY END-USER INDUSTRY 2020–2028($MILLION)
TABLE 46.REST OF EUROPE TOWER CRANE MARKET REVENUE, BY TYPE 2020–2028($MILLION)
TABLE 47.REST OF EUROPE TOWER CRANE MARKET REVENUE, BY LIFTING CAPACITY 2020–2028($MILLION)
TABLE 48.REST OF EUROPE TOWER CRANE MARKET REVENUE, BY END-USER INDUSTRY 2020–2028($MILLION)
TABLE 49.ASIA-PACIFIC TOWER CRANE MARKET REVENUE, BY TYPE 2020–2028($MILLION)
TABLE 50.ASIA-PACIFIC TOWER CRANE MARKET REVENUE, BY LIFTING CAPACITY, 2020–2028($MILLION)
TABLE 51.ASIA-PACIFIC TOWER CRANE MARKET REVENUE, BY END-USER INDUSTRY, 2020–2028($MILLION)
TABLE 52.ASIA-PACIFIC TOWER CRANE MARKET REVENUE, BY COUNTRY 2020–2028($MILLION)
TABLE 53.CHINA TOWER CRANE MARKET REVENUE, BY TYPE 2020–2028($MILLION)
TABLE 54.CHINA TOWER CRANE MARKET REVENUE, BY LIFTING CAPACITY 2020–2028($MILLION)
TABLE 55.CHINA TOWER CRANE MARKET REVENUE, BY END-USER INDUSTRY 2020–2028($MILLION)
TABLE 56.JAPAN TOWER CRANE MARKET REVENUE, BY TYPE 2020–2028($MILLION)
TABLE 57.JAPAN TOWER CRANE MARKET REVENUE, BY LIFTING CAPACITY 2020–2028($MILLION)
TABLE 58.JAPAN TOWER CRANE MARKET REVENUE, BY END-USER INDUSTRY 2020–2028($MILLION)
TABLE 59.INDIA TOWER CRANE MARKET REVENUE, BY TYPE 2020–2028($MILLION)
TABLE 60.INDIA TOWER CRANE MARKET REVENUE, BY LIFTING CAPACITY 2020–2028($MILLION)
TABLE 61.INDIA TOWER CRANE MARKET REVENUE, BY END-USER INDUSTRY 2020–2028($MILLION)
TABLE 62.REST OF ASIA-PACIFIC TOWER CRANE MARKET REVENUE, BY TYPE 2020–2028($MILLION)
TABLE 63.REST OF ASIA-PACIFIC TOWER CRANE MARKET REVENUE, BY LIFTING CAPACITY 2020–2028($MILLION)
TABLE 64.REST OF ASIA-PACIFIC TOWER CRANE MARKET REVENUE, BY END-USER INDUSTRY 2020–2028($MILLION)
TABLE 65.LAMEA TOWER CRANE MARKET REVENUE, BY TYPE 2020–2028($MILLION)
TABLE 66.LAMEA TOWER CRANE MARKET REVENUE, BY LIFTING CAPACITY, 2020–2028($MILLION)
TABLE 67.LAMEA TOWER CRANE MARKET REVENUE, BY END-USER INDUSTRY, 2020–2028($MILLION)
TABLE 68.LAMEA TOWER CRANE MARKET REVENUE, BY COUNTRY 2020–2028($MILLION)
TABLE 69.LATIN AMERICA TOWER CRANE MARKET REVENUE, BY TYPE 2020–2028($MILLION)
TABLE 70.LATIN AMERICA TOWER CRANE MARKET REVENUE, BY LIFTING CAPACITY 2020–2028($MILLION)
TABLE 71.LATIN AMERICA TOWER CRANE MARKET REVENUE, BY END-USER INDUSTRY 2020–2028($MILLION)
TABLE 72.MIDDLE EAST TOWER CRANE MARKET REVENUE, BY TYPE 2020–2028($MILLION)
TABLE 73.MIDDLE EAST TOWER CRANE MARKET REVENUE, BY LIFTING CAPACITY 2020–2028($MILLION)
TABLE 74.MIDDLE EAST TOWER CRANE MARKET REVENUE, BY END-USER INDUSTRY 2020–2028($MILLION)
TABLE 75.AFRICA TOWER CRANE MARKET REVENUE, BY TYPE 2020–2028($MILLION)
TABLE 76.AFRICA TOWER CRANE MARKET REVENUE, BY LIFTING CAPACITY 2020–2028($MILLION)
TABLE 77.AFRICA TOWER CRANE MARKET REVENUE, BY END-USER INDUSTRY 2020–2028($MILLION)
TABLE 78.ACE: KEY EXECUTIVES
TABLE 79.ACE: COMPANY SNAPSHOT
TABLE 80.ACE: PRODUCT PORTFOLIO
TABLE 81.JASO: KEY EXECUTIVE
TABLE 82.JASO: COMPANY SNAPSHOT
TABLE 83.JASO: PRODUCT PORTFOLIO
TABLE 84.LIEBHERR: KEY EXECUTIVES
TABLE 85.LIEBHERR: COMPANY SNAPSHOT
TABLE 86.LIEBHERR: OPERATING SEGMENTS
TABLE 87.LIEBHERR: PRODUCT PORTFOLIO
TABLE 88.SANY: KEY EXECUTIVE
TABLE 89.SANY: COMPANY SNAPSHOT
TABLE 90.SANY: PRODUCT PORTFOLIO
TABLE 91.SARENS: KEY EXECUTIVE
TABLE 92.SARENS: COMPANY SNAPSHOT
TABLE 93.SARENS: PRODUCT PORTFOLIO
TABLE 94.MANITOWOC: KEY EXECUTIVES
TABLE 95.MANITOWOC: COMPANY SNAPSHOT
TABLE 96.MANITOWOC: OPERATING SEGMENTS
TABLE 97.MANITOWOC: PRODUCT PORTFOLIO
TABLE 98.ENG: KEY EXECUTIVES
TABLE 99.ENG: COMPANY SNAPSHOT
TABLE 100.ENG: OPERATING SEGMENTS
TABLE 101.ENG: PRODUCT PORTFOLIO
TABLE 102.TEREX: KEY EXECUTIVES
TABLE 103.TEREX: COMPANY SNAPSHOT
TABLE 104.TEREX: OPERATING SEGMENTS
TABLE 105.TEREX: PRODUCT PORTFOLIO
TABLE 106.WOLFFKRAN: KEY EXECUTIVES
TABLE 107.WOLFFKRAN: COMPANY SNAPSHOT
TABLE 108.WOLFFKRAN: PRODUCT PORTFOLIO
TABLE 109.ZOOMLION: KEY EXECUTIVE
TABLE 110.ZOOMLION: COMPANY SNAPSHOT
TABLE 111.ZOOMLION: OPERATING SEGMENTS
TABLE 112.ZOOMLION: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.TOP IMPACTING FACTORS
FIGURE 04.TOP INVESTMENT POCKETS
FIGURE 05.MODERATE TO HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 06.LOW TO MODERATE BARGAINING POWER OF BUYERS
FIGURE 07.MODERATE TO HIGH THREAT OF SUBSTITUTES
FIGURE 08.LOW TO MODERATE THREAT OF NEW ENTRANTS
FIGURE 09.MODERATE INTENSITY OF RIVALRY
FIGURE 10.MARKET SHARE ANALYSIS
FIGURE 11.GLOBAL TOWER CRANE MARKET, BY TYPE, 2020-2028
FIGURE 12.COMPARATIVE SHARE ANALYSIS OF SELF-ERECTING TOWER CRANE MARKET, BY COUNTRY, 2020 & 2028 (%)
FIGURE 13.COMPARATIVE SHARE ANALYSIS OF LUFFING JIB TOWER CRANE MARKET REVENUE, BY COUNTRY,  2020 & 2028 (%)
FIGURE 14.COMPARATIVE SHARE ANALYSIS OF HAMMER HEAD TOWER CRANE MARKET REVENUE, BY COUNTRY, 2020 & 2028 (%)
FIGURE 15.COMPARATIVE SHARE ANALYSIS OF FLAT TOP TOWER CRANE MARKET, BY COUNTRY, 2020 & 2028 (%)
FIGURE 16.GLOBAL TOWER CRANE MARKET, BY LIFTING CAPACITY, 2020–2028
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF LESS THAN 5 TON TOWER CRANE MARKET, BY COUNTRY, 2020 & 2028 (%)
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF 6 TO 10 TON TOWER CRANE MARKET, BY COUNTRY, 2020 & 2028 (%)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF MORE THAN 10 TON TOWER CRANE MARKET, BY COUNTRY, 2020 & 2028 (%)
FIGURE 20.GLOBAL TOWER CRANE MARKET, BY END-USER INDUSTRY, 2020–2028
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF TOWER CRANE MARKET FOR BUILDING CONSTRUCTION, BY COUNTRY, 2020 & 2028 (%)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF TOWER CRANE MARKET FOR INFRASTRUCTURAL CONSTRUCTION, BY COUNTRY,  2020 & 2028 (%)
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF TOWER CRANE MARKET FOR ENERGY,  BY COUNTRY, 2020 & 2028 (%)
FIGURE 24.COMPARATIVE SHARE ANALYSIS OF TOWER CRANE MARKET FOR OTHERS, BY COUNTRY, 2020 & 2028 (%)
FIGURE 25.GLOBAL TOWER CRANE MARKET, BY REGION, 2020–2028
FIGURE 26.U.S. TOWER CRANE MARKET REVENUE, 2020–2028($MILLION)
FIGURE 27.CANADA TOWER CRANE MARKET REVENUE, 2020–2028($MILLION)
FIGURE 28.MEXICO TOWER CRANE MARKET REVENUE, 2020–2028($MILLION)
FIGURE 29.GERMANY TOWER CRANE MARKET REVENUE, 2020–2028($MILLION)
FIGURE 30.UK TOWER CRANE MARKET REVENUE, 2020–2028($MILLION)
FIGURE 31.FRANCE TOWER CRANE MARKET REVENUE, 2020–2028($MILLION)
FIGURE 32.ITALY TOWER CRANE MARKET REVENUE, 2020–2028($MILLION)
FIGURE 33.REST OF EUROPE TOWER CRANE MARKET REVENUE, 2020–2028($MILLION)
FIGURE 34.CHINA TOWER CRANE MARKET REVENUE, 2020–2028($MILLION)
FIGURE 35.JAPAN TOWER CRANE MARKET REVENUE, 2020–2028($MILLION)
FIGURE 36.INDIA TOWER CRANE MARKET REVENUE, 2020–2028($MILLION)
FIGURE 37.REST OF ASIA-PACIFIC TOWER CRANE MARKET REVENUE, 2020–2028($MILLION)
FIGURE 38.LATIN AMERICA TOWER CRANE MARKET REVENUE, 2020–2028($MILLION)
FIGURE 39.MIDDLE EAST TOWER CRANE MARKET REVENUE, 2020–2028($MILLION)
FIGURE 40.AFRICA TOWER CRANE MARKET REVENUE, 2020–2028($MILLION)
FIGURE 41.MARKET PLAYER POSITIONING, 2019
FIGURE 42.TOP WINNING STRATEGIES, BY YEAR, 2017-2020
FIGURE 43.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017–2020 (%)
FIGURE 44.TOP WINNING STRATEGIES, BY COMPANY, 2017–2020 (%)
FIGURE 45.ACE: REVENUE, 2018–2020 ($MILLION)
FIGURE 46.LIEBHERR: R&D EXPENDITURE, 2018-2020 ($MILLION)
FIGURE 47.LIEBHERR: REVENUE, 2018–2020 ($MILLION)
FIGURE 48.LIEBHERR: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 49.LIEBHERR: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 50.MANITOWOC: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 51.MANITOWOC: REVENUE, 2018–2020 ($MILLION)
FIGURE 52.MANITOWOC: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 53.MANITOWOC: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 54.TEREX: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 55.TEREX: REVENUE, 2018–2020 ($MILLION)
FIGURE 56.TEREX: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 57.TEREX: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 58.ZOOMLION: REVENUE, 2018–2020 ($MILLION)
FIGURE 59.ZOOMLION: REVENUE SHARE BY SEGMENT, 2020 (%)

 
 

China has emerged as the largest manufacturing hub for tower cranes with a highly fragmented market. The country plans various technological development programs to boost the sales of domestically produced tower cranes globally through the one belt, one road initiative, and ‘Made in China 2025’ initiatives.  

Moreover, the overall decline in infrastructure activities in developed nations such as the U.S., Germany, the UK, and others has influenced the growth of the tower crane market in these countries. However, the emergence of manufacturing and surge in demand from China has driven the growth of the tower crane market in 2019 and 2020. Chinese manufacturing companies such as Zoomlion, Sany Global, and others have gained a significant share in the tower crane market during this period. 

Further, the companies Liebherr International headquartered in Germany, and Manitowoc (Potain) based in the U.S., are the largest tower crane manufacturers outside China. Liebherr’s tower crane sales reached $612.3 million in 2019 whereas, the sales declined significantly in 2020 owing to the COVID-19 pandemic. On the contrary, the Chinese firm Zoomlion witnessed a significant surge in tower crane sales from 2019 to 2020. This is mainly due to high investment toward adoption of new technologies in manufacturing and tower crane products. For instance, Zoomlion Heavy Industry Science & Technology Co., Ltd. opened the world’s largest intelligent factory for tower crane production, in January 2019. It invested around $115.4 million for the construction of the production plant, which required three years for completion. The intelligent production plant complies to German ‘Industry 4.0’ standards, and includes 100 industrial robots, 12 automatic production lines, more than 1,000 sensors, and other advanced technologies. Establishment of the production plant helped the company to garner a significant share in the global tower crane market, globally. 

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A. The global tower crane market size was $6,683.2 million in 2020 and is projected to reach $9,907.1 million in 2028, growing at a CAGR of 4.8% from 2021 to 2028.

A. The forecast period considered for the global tower crane market is 2021 to 2028, wherein, 2020 is the base year, 2021 is the estimated year, and 2028 is the forecast year.

A. The base year considered in the global tower crane market is 2020.

A. No, the report does not provide Value Chain Analysis for the global tower crane market. However, it provides market share analysis for the top players in the tower crane market.

A. On the basis of type, the hammer head segment is expected to be the most influencing segment growing in the global tower crane market report.

A. Based on the end-user industry, in 2020, the building construction segment generated the highest revenue, accounting for 45.7% of the market and is projected to grow at a CAGR of 4.4% from 2020 to 2027.

A. The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically covers company overview, geographical presence, and market dominance (in terms of revenue and volume sales).

A. The market value of global tower crane market is $7,137 million in 2021. COVID Banner Statement: The COVID-19 pandemic has hindered the demand for tower cranes in North America and Europe, however, China exhibited significant growth in demand during the outbreak of COVID-19 pandemic.

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