Tower Crane Market 2019 To Reach USD 22,232.1 Mn by 2023 | Competitive Landscape By Wolfkkran, Yongmao, XCMGShandong Dahan Construction Machinery, Fangyuan, Guangxi, Zoomlion Heavy Industry S&T, LIEBHERR, Manitowoc, Terex and Shandong Huaxia

Global Tower Crane Market Information: by Type (Flat Top, Hammerhead), Application (High Rise Building, Dam Building) and Region – Global Forecast Till 2023

Notable players in the tower crane market include Wolfkkran International AG (Switzerland), Yongmao Holdings Limited (Singapore), XCMG Group (China), Shandong Dahan Construction Machinery Co., Ltd. (China), Fangyuan Group Co. Ltd. (China), Guangxi Construction Engineering Group Ltd. (China), Zoomlion Heavy Industry Science & Technology Co., Ltd. (China), Zhejiang Construction Machinery Group Co., Ltd. (China), LIEBHERR (Switzerland), Manitowoc (U.S.), Favelle Favco BHD (Malaysia), Terex Corporation (U.S.), Sichuan Construction Machinery (Group) Co. (China), HKTC (Korea), and Shandong Huaxia Group Co., Ltd (China).

The report offers comprehensive profiles on these market players and assesses their current standing in the market. Company history coupled with annual turnover, profit margins, segmental share, SWOT analysis, growth strategies, expansion techniques, and latest R&D initiatives are discussed in minute detail.

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Market Synopsis

Tower cranes are stationary equipment used in lifting heavy components. It has the capacity of lifting nearly 20 tons and used for the construction of high rise building projects. The global tower crane market is projected to exhibit a 4.32% CAGR from 2018 to 2023 (forecast period) owing to the demand for residential buildings and apartments in urban areas. According to a report by the U.S. census bureau in 2016, the construction budget had increased by 6% which can bode well for the global market in the forthcoming years.

Investments in public infrastructure projects by China and India are likely to induce the need for tower cranes. Major policy rollouts such as the Real Estate (Regulation and Development) Act in 2016 in India which can further the development of cities and towns are anticipated to spur market growth over the forecast period.

Report Overview

The report provides an accurate overview of the market by correlating the historical data with key market dynamics. Our analysts make highly astute projections regarding the scope of the market and its future prospects. MRFR’s report includes a thorough analysis of the global tower crane market segmented according to type, application, and region. Trends and growth opportunities are highlighted coupled with upcoming investment opportunities. The market share of all prominent players and their current position in the market is discussed in minute detail. It analyzes new revenue sources for players and outlines the various strategies implemented by players.

Segment Overview

By type, the market is self-erecting, flat top, hammerhead, and luffing jib tower cranes. By application, the market is segmented into dam building, bridge building, high rise building, power plants, and shipyards. The segments covered in the tower crane market report are analyzed with respect to four main regions – North America, South America, Europe, Asia Pacific (APAC), and the Middle East and Africa (MEA), with respective country-level market sizing. The report discusses in detail the various players residing in these regions and their respective strategies to climb up the market ladder.

Research Methodology

At MRFR, our research analysts conduct a thorough objective analysis of the market while creating market reports by adhering to a rigorous set of standards which allow a truly comprehensive view of the market. Use of primary research strategies such as interviews with top executives of crane manufacturers. Secondary research entails a thorough analysis of past and present trends in a forward-looking manner.

In addition, market size estimation and validation use both top-down & bottom-up approaches to obtain data from the value and supply chain. The balanced number of buyers and suppliers will result in a negligible demand-supply gap. Credible resources are accessed and verified by analysts to understand the nuances of market factors with consistency. Competent data analysts use strong analytical tools to ascertain accurate analysis of very relevant parameters in an effort to provide clients with a conclusive and dependable view of the future.

Intended Audience

• End-users
• Construction Material Suppliers
• Building/Construction Associations
• Government Associations
• Research Institutes
• Distribution Vendors
• Technology Innovators

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Table of Contents

1 Executive Summary

2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.1 Market Structure

3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model

4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Government Support in the Construction Sector
4.2.2 Growing Demand for Tower Crane Rental Units
4.3 Restraint
4.3.1 Availability of Skilled Labour
4.3.2 Fluctuating Prices of Raw Materials
4.4 Opportunity
4.4.1 Rapid Industrialization and Urbanization in Emerging Economies

5 Market Factor Analysis
5.1 Value Chain Analysis
5.1.1 Raw Material Supply
5.1.2 Manufacture
5.1.3 End-use
5.1.4 After-sales Services
5.2 Porter's 5 Forces Analysis
5.2.1 Threat of New Entrants
5.2.2 Bargaining Power of Suppliers
5.2.3 Bargaining Power of Buyers

Continued.........

List of Tables

Table 1 Market Synopsis
Table 2 List of Assumptions
Table 3 Annual Value of Construction, Us, 2010–2016 (Usd Million)
Table 4 Global Tower Crane Market, by Application, 2013-2017 (Usd Million)
Table 5 Global Tower Crane Market, by Application, 2018-2023 (Usd Million)
Table 6 Global Tower Crane Market, by Type, 2013-2017 (Usd Million)
Table 7 Global Tower Crane Market, by Type, 2018-2023 (Usd Million)
Table 8 Global Tower Crane Market, by Region, 2013-2017 (Usd Million)
Table 9 Global Tower Crane Market, by Region, 2018-2023 (Usd Million)
Table 10 North America: Tower Crane Market, by Country, 2013-2017 (Usd Million)

Continued.......

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