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Tower Crane Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global tower crane market reached a value of US$ 6.61 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 9.13 Billion by 2027, exhibiting a CAGR of 5.30% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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, along with forecasts at the global, regional and country level from 2022-2027. 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Lifting Capacity, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global tower crane market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global tower crane market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the lifting capacity?
  • What is the breakup of the market based on the end use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global tower crane market and who are the key players?
  • What is the degree of competition in the industry?

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
    9.2    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
    9.3    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
    9.4    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
    9.5    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

List of Figures

Figure 1: Global: Tower Crane Market: Major Drivers and Challenges
Figure 2: Global: Tower Crane Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Tower Crane Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Tower Crane Market: Breakup by Type (in %), 2021
Figure 5: Global: Tower Crane Market: Breakup by Lifting Capacity (in %), 2021
Figure 6: Global: Tower Crane Market: Breakup by End Use Industry (in %), 2021
Figure 7: Global: Tower Crane Market: Breakup by Region (in %), 2021
Figure 8: Global: Tower Crane (Self-Erecting) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Tower Crane (Self-Erecting) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Tower Crane (Luffing Jib) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Tower Crane (Luffing Jib) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Tower Crane (Hammer Head) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Tower Crane (Hammer Head) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Tower Crane (Flat Top) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Tower Crane (Flat Top) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Tower Crane (Less than 5 Ton) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Tower Crane (Less than 5 Ton) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Tower Crane (6 to 10 Ton) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Tower Crane (6 to 10 Ton) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Tower Crane (More than 10 Ton) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Tower Crane (More than 10 Ton) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Tower Crane (Building Construction) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Tower Crane (Building Construction) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Tower Crane (Infrastructural Construction) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Tower Crane (Infrastructural Construction) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Tower Crane (Energy) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Tower Crane (Energy) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Tower Crane (Other End Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Tower Crane (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: North America: Tower Crane Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: North America: Tower Crane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: United States: Tower Crane Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: United States: Tower Crane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Canada: Tower Crane Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Canada: Tower Crane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Asia-Pacific: Tower Crane Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Asia-Pacific: Tower Crane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: China: Tower Crane Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: China: Tower Crane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Japan: Tower Crane Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Japan: Tower Crane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: India: Tower Crane Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: India: Tower Crane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: South Korea: Tower Crane Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: South Korea: Tower Crane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Australia: Tower Crane Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Australia: Tower Crane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Indonesia: Tower Crane Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Indonesia: Tower Crane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Others: Tower Crane Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Others: Tower Crane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Europe: Tower Crane Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Europe: Tower Crane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Germany: Tower Crane Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Germany: Tower Crane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: France: Tower Crane Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: France: Tower Crane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: United Kingdom: Tower Crane Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: United Kingdom: Tower Crane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Italy: Tower Crane Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Italy: Tower Crane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Spain: Tower Crane Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Spain: Tower Crane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Russia: Tower Crane Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Russia: Tower Crane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Others: Tower Crane Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Others: Tower Crane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Latin America: Tower Crane Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Latin America: Tower Crane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Brazil: Tower Crane Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Brazil: Tower Crane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Mexico: Tower Crane Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Mexico: Tower Crane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Others: Tower Crane Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Others: Tower Crane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Middle East and Africa: Tower Crane Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Middle East and Africa: Tower Crane Market: Breakup by Country (in %), 2021
Figure 78: Middle East and Africa: Tower Crane Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2027
Table 2: Global: Tower Crane Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Tower Crane Market Forecast: Breakup by Lifting Capacity (in Million US$), 2022-2027
Table 4: Global: Tower Crane Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
Table 5: Global: Tower Crane Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Tower Crane Market: Competitive Structure
Table 7: Global: Tower Crane Market: Key Players


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