Global Tower Crane Market report from Global Insight Services is the single authoritative source of intelligence on Tower Crane Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
A tower crane is a tall, fixed-base machine used for hoisting materials in the construction of tall buildings. Tower cranes consist of a mast or tower, which supports a horizontal jib or boom. The jib or boom is equipped with a hoist rope, wire rope, or chain and hook that is used to lift materials. The mast or tower is mounted on a large base that allows the crane to rotate. Tower cranes are used in the construction of skyscrapers, bridges, and other large structures.
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Key Trends
The tower crane industry has seen a number of key trends in recent years.
One of the most notable is the move towards taller cranes. This is being driven by the construction of ever-taller buildings, as developers look to maximize the use of space in densely populated urban areas.
Another key trend is the use of new technologies such as drones and 3D printing in the construction of tower cranes. This is helping to improve safety and efficiency in the construction process.
Key Drivers
The key drivers of the tower crane market are the growing construction industry, the need for efficient and safe construction equipment, and the increasing preference for renting tower cranes.
The construction industry is growing globally, driven by the increasing demand for infrastructure development, commercial construction, and residential construction.
The need for efficient and safe construction equipment is driven by the need to reduce construction costs and improve safety.
The increasing preference for renting tower cranes is driven by the need for flexibility and the ability to respond to changing construction schedules.
Market Segments
The tower crane market is segmented by type, end-use, and region. By type, the market is classified into self-erecting, luffing jib, hammerhead, and others. Based on end-use, it is bifurcated into building construction, infrastructural construction, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
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Key Players
The global tower crane market includes players such as Zoomlion Heavy Industry Science & Technology Company Ltd., Xuzhou Construction Machinery Group Co Ltd., Liebherr, Terex Corporation, Manitowoc, Sany Group, Action Construction Equipment, Konecranes, Raimondi, Comanasa S.A., and others.
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