Press release
Tower Crane Market Set for Rapid Growth, to Reach $1570 Mn by 2025
A tower crane is a piece of equipment used to move or transport oversized objects. It is a stationary device, which means the base of the crane does move. A large, fixed tower supports a horizontal beam, or jib, which sits atop the tower to form an uneven letter “T.” A tower crane is often used in the construction industry to set steel beams and other large building components. It may also be used in the shipping or transportation industry to load and unload large freighters.
Tower Crane can be classified to Self-erecting Tower Cranes, Flat Top Tower Cranes, Hammerhead Tower Cranes and Luffing Jib Tower Cranes, and Self-erecting Tower Cranes is leading the growing market at present.
The key Consumers include AECOM, Gensler, Samoo and RTKL.
The global Tower Crane market is valued at 1430 million US$ in 2017 and will reach 1570 million US$ by the end of 2025, growing at a CAGR of 1.2% during 2018-2025.
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The major manufacturers covered in this report
Manitowoc
Liebherr
WOLFFKRAN
Terex
FAVCO
HKTC
Zoomlion
SCM
Fushun Yongmao
ZHEJIANG CONSTRUCTION MACHINERY
XCMG
HENG SHENG
DAHAN
FANGYUAN GROUP
Jianglu Machinery&Electronics
Huaxia
SYS
Guangxi Construction
Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering
North America
Europe
China
Japan
India
Southeast Asia
Other regions (Central & South America, Middle East & Africa)
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
Self-erecting Tower Cranes
Flat Top Tower Cranes
Hammerhead Tower Cranes
Luffing Jib Tower Cranes
By Application, the market can be split into
Dam Building
Bridge Building
Shipyards
Power Plants
High Rise Buildings
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