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PUBLISHER: IMARC | PRODUCT CODE: 1291399
PUBLISHER: IMARC | PRODUCT CODE: 1291399
Tower Crane Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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PAGES: 143 Pages
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Market Overview:
The global tower crane market size reached US$ 7.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028.
A tower crane is a machine capable of lifting heavy goods, such as steel, concrete, large tools like acetylene torches and generators, and other building materials with minimum human assistance. It comprises a base, mast, slewing unit, working and machinery arm, hook and trolley, and operator cab. It is also equipped with a maximum load limit and a load-moment limit switch to prevent the tower crane from overloading. In addition, it is fixed to the ground on a concrete slab and sometimes attached to the sides of different structures.
Tower Crane Market Trends:
With the rising technological advancements and improvements, tower cranes have become safer and more compact. This, in confluence with the increasing automation in the construction sector, represents one of the key factors impelling the growth of the market. Moreover, governing authorities of numerous countries are increasingly focusing on infrastructure development, which involves the construction of basic foundational services, such as buildings, bridges, dams, pipelines, road networks, ports, railways, and aqueducts. This, coupled with the rising utilization of tower cranes at construction sites of the residential, commercial, and industrial sectors, is positively influencing the market. Apart from this, the integration of anti-collision devices in tower cranes helps prevent collision with nearby structures, buildings, trees, and other tower cranes working in close vicinity. Remote crane operation also allows users to move from a dangerous and harsh working environment to the safety of a control room, which is propelling the market growth. Furthermore, the rising urbanization has accelerated the construction of high-rise and tall buildings around the world. These factors collectively are projected to strengthen the growth of the market in the upcoming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global tower crane market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, lifting capacity and end use industry.
Breakup by Type:
- Self-Erecting
- Luffing Jib
- Hammer Head
- Flat Top
Breakup by Lifting Capacity:
- Less than 5 Ton
- 6 to 10 Ton
- More than 10 Ton
Breakup by End Use Industry:
- Building Construction
- Infrastructural Construction
- Energy
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Action Construction Equipment Ltd., Eng Cranes Srl, Favelle Favco Berhad (Muhibbah Engineering), HKTC, JASO Tower Cranes, Liebherr, Sany Heavy Industry Co. Ltd, Shandong Huaxia Group Co. Ltd., Terex Corporation, WOLFFKRAN International AG, Yongmao Holdings Limited and Zoomlion Heavy Industry Science and Technology Co. Ltd.
Key Questions Answered in This Report:
- What was the size of the global tower crane market in 2022?
- What is the expected growth rate of the global tower crane market during 2023-2028?
- What are the key factors driving the global tower crane market?
- What has been the impact of COVID-19 on the global tower crane market?
- What is the breakup of the global tower crane market based on the type?
- What is the breakup of the global tower crane market based on the lifting capacity?
- What is the breakup of the global tower crane market based on end use industry?
- What are the key regions in the global tower crane market?
- Who are the key players/companies in the global tower crane market?
Product Code: SR112023A5487
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Tower Crane Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Self-Erecting
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Luffing Jib
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Hammer Head
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Flat Top
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Lifting Capacity
- 7.1 Less than 5 Ton
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 6 to 10 Ton
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 More than 10 Ton
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by End Use Industry
- 8.1 Building Construction
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Infrastructural Construction
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Energy
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Action Construction Equipment Ltd.
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.2 Eng Cranes Srl
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Favelle Favco Berhad (Muhibbah Engineering)
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.4 HKTC
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 JASO Tower Cranes
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Liebherr
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 SWOT Analysis
- 14.3.7 Sany Heavy Industry Co. Ltd
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Shandong Huaxia Group Co. Ltd.
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Terex Corporation
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 WOLFFKRAN International AG
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 Yongmao Holdings Limited
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
- 14.3.12 Zoomlion Heavy Industry Science and Technology Co. Ltd.
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 Financials
- 14.3.1 Action Construction Equipment Ltd.
Product Code: SR112023A5487
List of Figures
- Figure 1: Global: Tower Crane Market: Major Drivers and Challenges
- Figure 2: Global: Tower Crane Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Tower Crane Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Tower Crane Market: Breakup by Type (in %), 2022
- Figure 5: Global: Tower Crane Market: Breakup by Lifting Capacity (in %), 2022
- Figure 6: Global: Tower Crane Market: Breakup by End Use Industry (in %), 2022
- Figure 7: Global: Tower Crane Market: Breakup by Region (in %), 2022
- Figure 8: Global: Tower Crane (Self-Erecting) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Tower Crane (Self-Erecting) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Tower Crane (Luffing Jib) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Tower Crane (Luffing Jib) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Tower Crane (Hammer Head) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Tower Crane (Hammer Head) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Tower Crane (Flat Top) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Tower Crane (Flat Top) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Tower Crane (Less than 5 Ton) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Tower Crane (Less than 5 Ton) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Tower Crane (6 to 10 Ton) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Tower Crane (6 to 10 Ton) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Tower Crane (More than 10 Ton) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Tower Crane (More than 10 Ton) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Tower Crane (Building Construction) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Tower Crane (Building Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Tower Crane (Infrastructural Construction) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Tower Crane (Infrastructural Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Tower Crane (Energy) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Tower Crane (Energy) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Tower Crane (Other End Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Tower Crane (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: North America: Tower Crane Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: North America: Tower Crane Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: United States: Tower Crane Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: United States: Tower Crane Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Canada: Tower Crane Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Canada: Tower Crane Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Asia-Pacific: Tower Crane Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Asia-Pacific: Tower Crane Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: China: Tower Crane Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: China: Tower Crane Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Japan: Tower Crane Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Japan: Tower Crane Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: India: Tower Crane Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: India: Tower Crane Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: South Korea: Tower Crane Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: South Korea: Tower Crane Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Australia: Tower Crane Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Australia: Tower Crane Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Indonesia: Tower Crane Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Indonesia: Tower Crane Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Others: Tower Crane Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Others: Tower Crane Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Europe: Tower Crane Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Europe: Tower Crane Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Germany: Tower Crane Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Germany: Tower Crane Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: France: Tower Crane Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: France: Tower Crane Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: United Kingdom: Tower Crane Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: United Kingdom: Tower Crane Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Italy: Tower Crane Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Italy: Tower Crane Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Spain: Tower Crane Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Spain: Tower Crane Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Russia: Tower Crane Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Russia: Tower Crane Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Others: Tower Crane Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Others: Tower Crane Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Latin America: Tower Crane Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Latin America: Tower Crane Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Brazil: Tower Crane Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Brazil: Tower Crane Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Mexico: Tower Crane Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Mexico: Tower Crane Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Others: Tower Crane Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Others: Tower Crane Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Middle East and Africa: Tower Crane Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Middle East and Africa: Tower Crane Market: Breakup by Country (in %), 2022
- Figure 78: Middle East and Africa: Tower Crane Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 79: Global: Tower Crane Industry: SWOT Analysis
- Figure 80: Global: Tower Crane Industry: Value Chain Analysis
- Figure 81: Global: Tower Crane Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Tower Crane Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Tower Crane Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Tower Crane Market Forecast: Breakup by Lifting Capacity (in Million US$), 2023-2028
- Table 4: Global: Tower Crane Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
- Table 5: Global: Tower Crane Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Tower Crane Market: Competitive Structure
- Table 7: Global: Tower Crane Market: Key Players
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