Overview
The tower crane market is projected to grow at a CAGR of 4.32% during the forecast period 2022 to 2030. As per the tower crane market research report, the global market for tower crane is anticipated to grow rapidly by US$22,232.1 million by 2030. As per analysts, government initiatives for infrastructure development along with increasing construction budget around the world will drive the market growth throughout the forecast period. The tower crane market research report provides an in-depth analysis of the global tower crane market and its application and type segments. The high cost as well as volatility in price of raw material are the factors which could affect the tower crane market growth during the forecast period 2022 to 2030. The tower crane market research report by expert analysts is intended to help companies in the tower crane market.
Market Segmentation
The global tower crane industry has been segmented based on application and type. On the basis of application, the market for tower crane is segmented based on high rise building, dam building. Additionally, the market on the basis of type, is segmented into flat top, hammerhead.
Key influences such as the lack of skilled labor could obstruct the tower crane market growth. However, as per the tower crane market research report, land banking as well as investments in public infrastructure projects will drive growth during the forecast period 2022 to 2030. These key growth factors will help support the tower crane market growth at a high CAGR. The segmental analysis of application and type segments as well as regional market analysis has been presented in the global tower crane market research report. Analysts studying the tower crane market have presented projections in the tower crane market research report assisting tower crane market-based companies in numerous ways. The tower crane market research report offers crucial details about the tower crane market based on the data and forecasts till 2030.
Regional Overview
North America, Europe, Asia Pacific and the rest of the world regional market for tower crane are primarily covered in the global tower crane market research report. The report also covers country-level markets spread across North America – the United States, Canada, and Mexico. In South America – Brazil and other country-level tower crane markets are covered in the report. In Asia-Pacific (APAC) region, the country-level tower crane markets covered are China, India, Japan, and others. The tower crane market research report also covers the regional market for tower crane spread across European countries including the United Kingdom, France, Italy, Spain, and Germany, etc. The tower crane market research report further explores other regional markets from the rest of the world including tower crane markets of the Middle East and Africa. As per the global tower crane market research report.
Competitive Landscape
Several favorable policy rollouts around the world are expected to accelerate the tower crane market growth worldwide. The global tower crane market is set to witness challenges including unfavorable regulations and policies in some countries, however, companies in the tower crane market will sustain the growth rate. The tower crane market research report also offers company profiles of key players operating in the tower crane market around the world. Additionally, the global tower crane market report provides detailed analysis of the market based on primary and secondary research data collected from the tower crane market’s key decision makers as well as stakeholders. The tower crane market research report covers all such factors assisting companies in the tower crane market to improve their plans and portfolio.
XCMG Group (China), Shandong Huaxia Group Co., Ltd (China), Shandong Dahan Construction Machinery Co., Ltd. (China), Manitowoc (U.S.), Yongmao Holdings Limited (Singapore), LIEBHERR (Switzerland), HKTC (Korea), Favelle Favco BHD (Malaysia), Guangxi Construction Engineering Group Ltd. (China), Sichuan Construction Machinery (Group) Co. (China), Zhejiang Construction Machinery Group Co., Ltd. (China), Zoomlion Heavy Industry Science Technology Co., Ltd. (China), Wolffkran International AG (Switzerland), Terex Corporation (U.S.), and Fangyuan Group Co. Ltd. (China).
Industry News
Potain self-assembly tower cranes are a key element throughout the global building business, and their rising prominence is steadily improving in North America's suburban homebuilding market. These polyvalent cranes execute various machines, reduce the workload and increase efficiency at the workplace significantly. Compared to traditional devices such as mobile cranes, builders report constructing houses up to 50% quicker with all these cranes.
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