Press release
Tower Crane Rental Market is expected to reach USD 16.80 Bn by 2030, as per Maximize Market Research.
Tower Crane Rental Market
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Tower Crane Rental Market Regional Analysis
Asia Pacific Tower Crane Rental Market has dominated the Global Tower Crane Rental Market in 2023. The same is expected to be true with Asia Pacific Tower Crane Rental Market dominating in the forecast period. As the region faces rapid urbanization and industrialization the urban population is on the rise. With countries such as China and India and the Southeast Asia is witnessing growing need of residential constructions. This coupled with governmental initiatives will be important in the driving of Asia Pacific Tower Crane Rental Market.
Tower Crane Rental Market Dynamics
Tower cranes are essential for lifting and transporting materials, which helps save both time and labor costs, positively impacting the construction process. The rise of smart cities and large-scale projects such as bridges and significant buildings is expected to drive growth in the global tower crane rental market in the coming years. However, challenges such as an inadequate workforce, a preference for used cranes, and competition from small and medium-sized enterprises offering lower rental rates are hindering market expansion. Additionally, the growth of new power plants using renewable energy sources presents promising opportunities for the tower crane rental industry. Regular maintenance requirements for rented tower cranes contribute to high costs, which poses a major challenge for market growth in the near future.
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Tower Crane Rental Market Scope
Market Size in 2023 USD 12.47 Bn.
Market Size in 2030 USD 16.80 Bn.
CAGR 4.34% (2024-2030)
Forecast Period 2024-2030
Base Year 2023
Regional Scope North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage Market Share, Size & Forecast by Revenue | 2024-2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players' Market Ranking Analysis.
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Tower Crane Rental Market Segmentation
by Product Type
1. Hammer head tower cranes
2. Self-erecting tower cranes
3. Flat top tower cranes
4. Luffing jib tower cranes
by End Use
1. Residential
2. Commercial
3. Infrastructure
Tower Crane Rental Market Key Players
1. Bigge Crane and Rigging Co.
2. Action Construction Equipment Ltd.
3. Titan Cranes & Rigging
4. Leavitt Cranes
5. Zoomlion ElectroMech India Pvt. Ltd.
6. WASEL GmbH
7. ALL Crane
๐ ๐จ๐ซ ๐ ๐๐๐๐ฉ๐๐ซ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐๐ข๐ง๐ , ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/market-report/global-tower-crane-rental-market/69597/
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About Maximize Market Research
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