Global Tower Crane Market 2025-2029

Description

List of Tables

The tower crane market is forecasted to grow by USD 1491.3 mn during 2024-2029, accelerating at a CAGR of 4.7% during the forecast period. The report on the tower crane market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for high-rise buildings, rising demand for tower cranes on rent, and developments in infrastructure.

Market Scope
Base Year	2025
End Year	2029
Series Year	2025-2029
Growth Momentum	Accelerate
YOY 2025	4.6%
CAGR	4.7%
Incremental Value	$1491.3 mn

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's tower crane market is segmented as below:

By End-user

Infrastructure
Residential
Commercial

By Type

Hammerhead tower cranes
Luffing tower cranes
Self-erecting tower cranes

By Capacity

Up to 5 tons
5-10 tons
11-16 tons
17-25 tons
Above 25 tons

By Geographical Landscape

APAC
North America
Europe
Middle East and Africa
South America

This study identifies the introduction of luffing jib tower cranes as one of the prime reasons driving the tower crane market growth during the next few years. Also, increasing demand for high-capacity tower cranes and growing demand for advanced and fuel-efficient tower cranes will lead to sizable demand in the market.

The report on the tower crane market covers the following areas:

Tower Crane Market sizing
Tower Crane Market forecast
Tower Crane Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading tower crane market vendors that include Action Construction Equipment Ltd., Fangyuan Group Co. Ltd., FMGru srl, Hyundai Everdigm Corp., Konecranes, Liebherr International AG, Linden Comansa S.L., Muhibbah Engineering M Bhd., Raimondi Cranes SpA, Sany Group, Shandong Dahan Construction Machinery Co. Ltd., Sichuan Construction Machinery Group Co. Ltd., Terex Corp., The Manitowoc Co. Inc., Toppower General Trading LLC, WOLFFKRAN International AG, Xuzhou Construction Machinery Group Co. Ltd., Yongmao Construction Machinery Co. Ltd., Zhejiang Huba Construction Machinery Co. Ltd., and Zoomlion Heavy Industry Science and Technology Co. Ltd.. Also, the tower crane market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR73244

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Capacity
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Technavio Analysis

2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
- Overview on factors of disruption
2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029

3 Market Landscape

3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
3.2 Market characteristics
- Market characteristics analysis
3.3 Value chain analysis
- Value chain analysis

4 Market Sizing

4.1 Market definition
- Offerings of companies included in the market definition
4.2 Market segment analysis
- Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ million)
- Data Table on Global - Market size and forecast 2024-2029 ($ million)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)

5 Historic Market Size

5.1 Global Tower Crane Market 2019 - 2023
- Historic Market Size - Data Table on Global Tower Crane Market 2019 - 2023 ($ million)
5.2 End-user segment analysis 2019 - 2023
- Historic Market Size - End-user Segment 2019 - 2023 ($ million)
5.3 Type segment analysis 2019 - 2023
- Historic Market Size - Type Segment 2019 - 2023 ($ million)
5.4 Capacity segment analysis 2019 - 2023
- Historic Market Size - Capacity Segment 2019 - 2023 ($ million)
5.5 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ million)
5.6 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ million)

6 Qualitative Analysis

6.1 The AI impact on global tower crane market

7 Five Forces Analysis

7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029

8 Market Segmentation by End-user

8.1 Market segments
- Chart on End-user - Market share 2024-2029 (%)
- Data Table on End-user - Market share 2024-2029 (%)
8.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user
8.3 Infrastructure - Market size and forecast 2024-2029
- Chart on Infrastructure - Market size and forecast 2024-2029 ($ million)
- Data Table on Infrastructure - Market size and forecast 2024-2029 ($ million)
- Chart on Infrastructure - Year-over-year growth 2024-2029 (%)
- Data Table on Infrastructure - Year-over-year growth 2024-2029 (%)
8.4 Residential - Market size and forecast 2024-2029
- Chart on Residential - Market size and forecast 2024-2029 ($ million)
- Data Table on Residential - Market size and forecast 2024-2029 ($ million)
- Chart on Residential - Year-over-year growth 2024-2029 (%)
- Data Table on Residential - Year-over-year growth 2024-2029 (%)
8.5 Commercial - Market size and forecast 2024-2029
- Chart on Commercial - Market size and forecast 2024-2029 ($ million)
- Data Table on Commercial - Market size and forecast 2024-2029 ($ million)
- Chart on Commercial - Year-over-year growth 2024-2029 (%)
- Data Table on Commercial - Year-over-year growth 2024-2029 (%)
8.6 Market opportunity by End-user
- Market opportunity by End-user ($ million)
- Data Table on Market opportunity by End-user ($ million)

9 Market Segmentation by Type

9.1 Market segments
- Chart on Type - Market share 2024-2029 (%)
- Data Table on Type - Market share 2024-2029 (%)
9.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
9.3 Hammerhead tower cranes - Market size and forecast 2024-2029
- Chart on Hammerhead tower cranes - Market size and forecast 2024-2029 ($ million)
- Data Table on Hammerhead tower cranes - Market size and forecast 2024-2029 ($ million)
- Chart on Hammerhead tower cranes - Year-over-year growth 2024-2029 (%)
- Data Table on Hammerhead tower cranes - Year-over-year growth 2024-2029 (%)
9.4 Luffing tower cranes - Market size and forecast 2024-2029
- Chart on Luffing tower cranes - Market size and forecast 2024-2029 ($ million)
- Data Table on Luffing tower cranes - Market size and forecast 2024-2029 ($ million)
- Chart on Luffing tower cranes - Year-over-year growth 2024-2029 (%)
- Data Table on Luffing tower cranes - Year-over-year growth 2024-2029 (%)
9.5 Self-erecting tower cranes - Market size and forecast 2024-2029
- Chart on Self-erecting tower cranes - Market size and forecast 2024-2029 ($ million)
- Data Table on Self-erecting tower cranes - Market size and forecast 2024-2029 ($ million)
- Chart on Self-erecting tower cranes - Year-over-year growth 2024-2029 (%)
- Data Table on Self-erecting tower cranes - Year-over-year growth 2024-2029 (%)
9.6 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)

10 Market Segmentation by Capacity

10.1 Market segments
- Chart on Capacity - Market share 2024-2029 (%)
- Data Table on Capacity - Market share 2024-2029 (%)
10.2 Comparison by Capacity
- Chart on Comparison by Capacity
- Data Table on Comparison by Capacity
10.3 Up to 5 tons - Market size and forecast 2024-2029
- Chart on Up to 5 tons - Market size and forecast 2024-2029 ($ million)
- Data Table on Up to 5 tons - Market size and forecast 2024-2029 ($ million)
- Chart on Up to 5 tons - Year-over-year growth 2024-2029 (%)
- Data Table on Up to 5 tons - Year-over-year growth 2024-2029 (%)
- 5-10 tons - Market size and forecast 2024-2029
- Chart on 5-10 tons - Market size and forecast 2024-2029 ($ million)
- Data Table on 5-10 tons - Market size and forecast 2024-2029 ($ million)
- Chart on 5-10 tons - Year-over-year growth 2024-2029 (%)
- Data Table on 5-10 tons - Year-over-year growth 2024-2029 (%)
- 11-16 tons - Market size and forecast 2024-2029
- Chart on 11-16 tons - Market size and forecast 2024-2029 ($ million)
- Data Table on 11-16 tons - Market size and forecast 2024-2029 ($ million)
- Chart on 11-16 tons - Year-over-year growth 2024-2029 (%)
- Data Table on 11-16 tons - Year-over-year growth 2024-2029 (%)
- 17-25 tons - Market size and forecast 2024-2029
- Chart on 17-25 tons - Market size and forecast 2024-2029 ($ million)
- Data Table on 17-25 tons - Market size and forecast 2024-2029 ($ million)
- Chart on 17-25 tons - Year-over-year growth 2024-2029 (%)
- Data Table on 17-25 tons - Year-over-year growth 2024-2029 (%)
10.7 Above 25 tons - Market size and forecast 2024-2029
- Chart on Above 25 tons - Market size and forecast 2024-2029 ($ million)
- Data Table on Above 25 tons - Market size and forecast 2024-2029 ($ million)
- Chart on Above 25 tons - Year-over-year growth 2024-2029 (%)
- Data Table on Above 25 tons - Year-over-year growth 2024-2029 (%)
10.8 Market opportunity by Capacity
- Market opportunity by Capacity ($ million)
- Data Table on Market opportunity by Capacity ($ million)

11 Customer Landscape

11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

12 Geographic Landscape

12.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2024-2029 (%)
- Data Table on Market share By Geographical Landscape 2024-2029 (%)
12.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
12.3 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ million)
- Data Table on APAC - Market size and forecast 2024-2029 ($ million)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)
12.4 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ million)
- Data Table on North America - Market size and forecast 2024-2029 ($ million)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)
12.5 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ million)
- Data Table on Europe - Market size and forecast 2024-2029 ($ million)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)
12.6 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
12.7 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ million)
- Data Table on South America - Market size and forecast 2024-2029 ($ million)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)
12.8 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ million)
- Data Table on US - Market size and forecast 2024-2029 ($ million)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
12.9 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ million)
- Data Table on China - Market size and forecast 2024-2029 ($ million)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)
12.10 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ million)
- Data Table on Canada - Market size and forecast 2024-2029 ($ million)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)
12.11 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ million)
- Data Table on Japan - Market size and forecast 2024-2029 ($ million)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)
12.12 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ million)
- Data Table on India - Market size and forecast 2024-2029 ($ million)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)
12.13 South Korea - Market size and forecast 2024-2029
- Chart on South Korea - Market size and forecast 2024-2029 ($ million)
- Data Table on South Korea - Market size and forecast 2024-2029 ($ million)
- Chart on South Korea - Year-over-year growth 2024-2029 (%)
- Data Table on South Korea - Year-over-year growth 2024-2029 (%)
12.14 Saudi Arabia - Market size and forecast 2024-2029
- Chart on Saudi Arabia - Market size and forecast 2024-2029 ($ million)
- Data Table on Saudi Arabia - Market size and forecast 2024-2029 ($ million)
- Chart on Saudi Arabia - Year-over-year growth 2024-2029 (%)
- Data Table on Saudi Arabia - Year-over-year growth 2024-2029 (%)
12.15 Australia - Market size and forecast 2024-2029
- Chart on Australia - Market size and forecast 2024-2029 ($ million)
- Data Table on Australia - Market size and forecast 2024-2029 ($ million)
- Chart on Australia - Year-over-year growth 2024-2029 (%)
- Data Table on Australia - Year-over-year growth 2024-2029 (%)
12.16 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ million)
- Data Table on Germany - Market size and forecast 2024-2029 ($ million)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)
12.17 Mexico - Market size and forecast 2024-2029
- Chart on Mexico - Market size and forecast 2024-2029 ($ million)
- Data Table on Mexico - Market size and forecast 2024-2029 ($ million)
- Chart on Mexico - Year-over-year growth 2024-2029 (%)
- Data Table on Mexico - Year-over-year growth 2024-2029 (%)
12.18 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)

13 Drivers, Challenges, and Opportunity/Restraints

13.1 Market drivers
13.2 Market challenges
13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
13.4 Market opportunities/restraints

14 Competitive Landscape

14.1 Overview
14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
14.3 Landscape disruption
- Overview on factors of disruption
14.4 Industry risks
- Impact of key risks on business

15 Competitive Analysis

15.1 Companies profiled
- Companies covered
15.2 Company ranking index
- Company ranking index
15.3 Market positioning of companies
- Matrix on companies position and classification
15.4 Action Construction Equipment Ltd.
- Action Construction Equipment Ltd. - Overview
- Action Construction Equipment Ltd. - Business segments
- Action Construction Equipment Ltd. - Key offerings
- Action Construction Equipment Ltd. - Segment focus
- SWOT
15.5 Fangyuan Group Co. Ltd.
- Fangyuan Group Co. Ltd. - Overview
- Fangyuan Group Co. Ltd. - Product / Service
- Fangyuan Group Co. Ltd. - Key offerings
- SWOT
15.6 FMGru srl
- FMGru srl - Overview
- FMGru srl - Product / Service
- FMGru srl - Key offerings
- SWOT
15.7 Hyundai Everdigm Corp.
- Hyundai Everdigm Corp. - Overview
- Hyundai Everdigm Corp. - Product / Service
- Hyundai Everdigm Corp. - Key offerings
- SWOT
15.8 Konecranes
- Konecranes - Overview
- Konecranes - Business segments
- Konecranes - Key news
- Konecranes - Key offerings
- Konecranes - Segment focus
- SWOT
15.9 Liebherr International AG
- Liebherr International AG - Overview
- Liebherr International AG - Product / Service
- Liebherr International AG - Key offerings
- SWOT
15.10 Linden Comansa S.L.
- Linden Comansa S.L. - Overview
- Linden Comansa S.L. - Product / Service
- Linden Comansa S.L. - Key offerings
- SWOT
15.11 Muhibbah Engineering M Bhd.
- Muhibbah Engineering M Bhd. - Overview
- Muhibbah Engineering M Bhd. - Business segments
- Muhibbah Engineering M Bhd. - Key offerings
- Muhibbah Engineering M Bhd. - Segment focus
- SWOT
15.12 Sany Group
- Sany Group - Overview
- Sany Group - Product / Service
- Sany Group - Key news
- Sany Group - Key offerings
- SWOT
15.13 Terex Corp.
- Terex Corp. - Overview
- Terex Corp. - Business segments
- Terex Corp. - Key news
- Terex Corp. - Key offerings
- Terex Corp. - Segment focus
- SWOT
15.14 The Manitowoc Co. Inc.
- The Manitowoc Co. Inc. - Overview
- The Manitowoc Co. Inc. - Business segments
- The Manitowoc Co. Inc. - Key news
- The Manitowoc Co. Inc. - Key offerings
- The Manitowoc Co. Inc. - Segment focus
- SWOT
15.15 WOLFFKRAN International AG
- WOLFFKRAN International AG - Overview
- WOLFFKRAN International AG - Product / Service
- WOLFFKRAN International AG - Key offerings
- SWOT
15.16 Xuzhou Construction Machinery Group Co. Ltd.
- Xuzhou Construction Machinery Group Co. Ltd. - Overview
- Xuzhou Construction Machinery Group Co. Ltd. - Product / Service
- Xuzhou Construction Machinery Group Co. Ltd. - Key offerings
- SWOT
15.17 Zhejiang Huba Construction Machinery Co. Ltd.
- Zhejiang Huba Construction Machinery Co. Ltd. - Overview
- Zhejiang Huba Construction Machinery Co. Ltd. - Product / Service
- Zhejiang Huba Construction Machinery Co. Ltd. - Key offerings
- SWOT
15.18 Zoomlion Heavy Industry Science and Technology Co. Ltd.
- Zoomlion Heavy Industry Science and Technology Co. Ltd. - Overview
- Zoomlion Heavy Industry Science and Technology Co. Ltd. - Business segments
- Zoomlion Heavy Industry Science and Technology Co. Ltd. - Key offerings
- Zoomlion Heavy Industry Science and Technology Co. Ltd. - Segment focus
- SWOT

16 Appendix

16.1 Scope of the report
16.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
16.3 Currency conversion rates for US$
- Currency conversion rates for US$
16.4 Research methodology
- Research methodology
16.5 Data procurement
- Information sources
16.6 Data validation
- Data validation
16.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
16.8 Data synthesis
- Data synthesis
16.9 360 degree market analysis
- 360 degree market analysis
16.10 List of abbreviations
- List of abbreviations