Top 12 Tower Crane Companies in the World

The global tower crane market reached a value of US$ 7.4 Billion in 2023. As per the analysis by IMARC Group, the top companies in the global tower crane market are focusing on various product innovations, such as the launch of remote-controlled tower cranes that allows users to work from a safe distance. These cranes are equipped with advanced technology, such as cameras and sensors, which provide real-time feedback to the operator. Moreover, the integration of artificial intelligence (AI) technology to monitor crane operations and detect potential safety risks, such as collisions or tipping, is favoring the market growth. In line with this, the introduction of hybrid tower cranes that are combined with electric and diesel power is acting as another growth-inducing factor. Apart from this, the implementation of various government initiatives on infrastructure development, which involves the construction of buildings, bridges, dams, pipelines, road networks, ports, railways, and aqueducts, is providing an impetus to the market growth. Additionally, key players are integrating anti-collision devices in tower cranes that help prevent collision with nearby buildings, trees, structures, and other tower cranes working in close vicinity, thus propelling the market growth. Besides this, manufacturers are developing tower cranes with advanced safety features, such as anti-collision systems, overload protection, advanced monitoring systems, and more compact and modular designs, making them easier to transport and assemble on-site, which, in turn, is positively influencing the market growth. Other factors, including the increasing utilization of tower cranes at construction sites of the residential, commercial, and industrial sectors, rapid technological advancements and improvements, enhanced research and development (R&D) activities, and rising urbanization, are anticipated to drive the market growth. Looking forward, IMARC Group expects the market value to reach US$ 11.1 Billion by 2032, growing at a CAGR of 4.6% during the forecast period (2024-2032).

Learn about opportunities, challenges, and trends in the global Tower Crane market with IMARC’s market research report. Try a free sample today!

List of Top Companies Operating in the Tower Crane Industry Worldwide:

The global tower crane market has several major players including 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. More information about these companies has been provided below.

1. Action Construction Equipment Ltd.

Action Construction Equipment Ltd. (ACE) is a leading manufacturer and supplier of construction and material handling equipment in India. It offers a wide range of construction equipment, such as cranes, loaders, backhoes, vibratory rollers, and piling rigs. ACE also provides a range of material handling equipment such as forklifts, stackers, and reach trucks. Moreover, the company has a strong focus on research and development, and it invests heavily in technology to offer innovative solutions to its customers.

2. Eng Cranes Srl

Eng Cranes Srl is a leading Italian manufacturer of overhead cranes and lifting equipment. It specializes in designing and producing customized overhead cranes and lifting systems. The company's range of products includes single and double girder cranes, underslung cranes, jib cranes, and gantry cranes. The company's tower cranes are designed to meet the specific needs of its customers, with a focus on safety, reliability, and ease of use. In addition to this, Eng Cranes' tower cranes are known for their high load capacity, reach, and precision.

3. Favelle Favco Berhad (Muhibbah Engineering)

Favelle Favco Berhad (Muhibbah Engineering) is a Malaysian company specializing in designing, manufacturing, and servicing heavy-duty cranes for various industries. It offers a range of cranes, including tower cranes, offshore cranes, crawler cranes, and marine cranes. The company's tower cranes are among the most popular in the industry, with a range of models that can be used for various construction applications. Moreover, Favelle Favco Berhad invests heavily in research and development (R&D) to improve its products and develop new solutions to meet the evolving needs of its customers.

4. HKTC

Hankook Tower Crane (HKTC) is a South Korean company specializing in designing, manufacturing, and distributing high-quality tower cranes for various industries. It offers a comprehensive range of tower cranes, including luffing, hammerhead, flat-top, and self-erecting cranes. The company's tower cranes are widely used in various industries, including construction, shipbuilding, power plant construction, and mining. Moreover, HKTC focuses on quality, innovation, and customer service.

5. JASO Tower Cranes

JASO Tower Cranes is a Spanish company specializing in designing, manufacturing, and distributing tower cranes for various industries. The company offers a comprehensive range of tower cranes, including top-slewing and bottom-slewing cranes, luffing jib cranes, and self-erecting cranes. In addition, the company has a state-of-the-art manufacturing facility equipped with the latest technology and machinery, enabling the company to produce high-quality tower cranes efficiently.

6. Liebherr

Liebherr is a multinational conglomerate specializing in manufacturing construction equipment, mining equipment, cranes, and machine tools. The company offers a comprehensive range of products, including cranes, mining equipment, earthmoving equipment, maritime cranes, and aerospace components. Its cranes are particularly popular and are used in a wide range of applications, including construction, shipping, oil and gas, and mining. Its tower cranes are particularly well-regarded and are used in some of the most complex construction projects.

7. Sany Heavy Industry Co. Ltd

Sany Heavy Industry Co. Ltd is a Chinese multinational heavy equipment manufacturing company offering various products, including excavators, cranes, concrete machinery, road machinery, mining machinery, and more. The company's products are designed to meet the specific needs of its customers, with a focus on performance, efficiency, and durability. Sany's tower cranes are known for their high quality, innovative designs, and efficiency. The company offers a variety of tower cranes that are suitable for a wide range of applications and construction projects. Moreover, the company also collaborates with leading universities and research institutions to stay at the forefront of technological innovation.

8. Shandong Huaxia Group Co. Ltd.

Shandong Huaxia Group Co. Ltd. is a Chinese multinational company (MNC) specializing in manufacturing and distributing heavy equipment, including tower cranes. Huaxia's tower cranes are known for their advanced technology, high efficiency, and durability. The company offers a range of tower crane models, including hammerhead tower cranes, luffing jib tower cranes, and flat-top tower cranes. Each model is designed to meet specific requirements, such as heavy lifting, high-rise construction, and precision work.

9. Terex Corporation

Terex Corporation is a leading manufacturer of industrial machinery and equipment. The company is one of the world's largest manufacturers of mobile cranes, tower cranes, and other lifting equipment. Terex's cranes are used in a wide variety of applications, including construction, mining, oil and gas, and transportation. The company's tower cranes are known for their reliability, safety, and ease of operation. Terex offers a range of tower crane models, including hammerhead, luffing jib, and self-erecting tower cranes. Each model is designed to meet specific needs, such as high-rise construction, heavy lifting, or tight job sites.

10. WOLFFKRAN International AG

WOLFFKRAN International AG is a leader in tower crane manufacturing, offering innovative, reliable, and efficient tower cranes for construction, industrial, and civil engineering applications. WOLFFKRAN has a wide range of tower crane models, including hammerhead, luffing jib, and saddle jib cranes. The company's tower cranes are known for their high-quality construction, advanced safety features, and reliable operation. They are designed to meet the specific needs of different construction sites, from small construction projects to large-scale, complex projects.

11. Yongmao Holdings Limited

Yongmao Holdings Limited is a leading manufacturer of tower cranes that offers a wide range of models, including hammerhead, luffing jib, and topless cranes. The tower cranes are equipped with advanced safety features, including anti-collision systems, load monitoring systems, and remote-control capabilities, to ensure safe and efficient operation on the job site. The cranes also feature state-of-the-art control systems, such as the Yongmao SmartControl system, which provides real-time crane data, ensuring that the cranes operate at peak efficiency.

12. Zoomlion Heavy Industry Science and Technology Co. Ltd.

Zoomlion Heavy Industry Science and Technology Co. Ltd. is a leading manufacturer of heavy machinery, including construction machinery, agricultural machinery, and environmental equipment. The product line includes tower cranes, mobile cranes, concrete machinery, earthmoving machinery, and more. The company's tower cranes are designed to meet the specific needs of different construction sites, from small construction projects to large-scale, complex projects. Zoomlion offers a wide range of tower crane models, including top-slewing, luffing-jib, and flat-top cranes, with different lifting capacities.

Get an inside look at the global tower crane market with exclusive insights, including: 

• CAGR projections during the 2024-2032 forecast period 
• In-depth information on the factors that will fuel the tower crane market growth in the next five years. 
• Precise predictions regarding upcoming trends and potential changes in consumer behavior. 
• Analysis of the animal feed industry's expansion at the global level.
• A thorough review of the market's competitive landscape and detailed information on key players. 
• Detailed explanations of the challenges that could impede the growth of the tower crane market. 

About Author: