PUBLISHER: Market Research Future | PRODUCT CODE: 1522704
PUBLISHER: Market Research Future | PRODUCT CODE: 1522704
Middle East Tower Crane Market Research Report Information by Type, by Design, By Application, by Country - Industry Forecast to 2030
Middle East Tower Crane Market Research Report Information by Type (hammerhead cranes, luffing tower cranes, self-erecting tower cranes, flat top tower cranes), by Design (top slewing, bottom slewing , by Lifting Capacity ((up to 5 tons, 5 tones-10 tones, 10 tones- 20 tones, 20 tones-50 tones, above 50 tones), By Application (construction, bridge construction, shipyards, power plant, high rise building), by Country (Saudi Arabia, UAE, Qatar, Kuwait, Rest of Middle East)- Industry Forecast to 2030
Market Synopsis
It is projected that the Middle East Tower Crane Market will grow at a robust rate of 5.1% throughout the evaluation period. The Middle East tower crane market has grown significantly in recent years, and it is expected to see significant sales growth in the foreseeable future. The market is primarily driven by the expansion of the construction industry and the rising need for ship dockyards. In addition, the need for residential, commercial, and industrial expansion has been fueled by the fast urbanization and population rise, which has resulted in an increase in construction activity. The need for tower cranes to speed up construction is also driven by large-scale infrastructure projects including megacities, airports, and transit networks.
Market Segment Insight
The Middle East tower crane market has been divided into four categories based on type: self-erecting tower cranes, luffing tower cranes, hammerhead cranes, and flat top tower cranes.
The Middle East tower crane market has been divided into top and bottom slewing segments based on design. The Middle East tower crane market was driven in 2022 by the top slewing category, which accounted for a significant portion of the market with a market value of USD 606.1 million. Over the estimated term, a 5.4% CAGR is anticipated.
The Middle East Tower Crane market has been divided into four segments based on lifting capacity: up to 5 tons, 5 tones-10 tones, 10 tones-20 tones, 20 tones-50 tones, and above 50 tones. The Middle East tower crane market in 2022 was driven by the 10 to 20 ton segment, which held a significant market share and a market value of USD 288.4 million. For the foreseeable future, a 4.5% compound annual growth rate is anticipated.
The Middle East Tower Crane market has been divided into segments based on application, including shipyards, power plants, high-rise buildings, dam and bridge construction, and dam construction. The Middle East tower crane market was driven in 2022 by the high-rise building application segment, which accounted for a significant portion of the market with a market value of USD 297.9 million. Over the estimated term, a 4.5% CAGR is anticipated.
The Middle East tower crane market has been divided into Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, and the rest of the region based on country. Over the course of the projection period, the Saudi Arabia area is expected to lead the Middle East tower crane market. By the end of 2030, it is projected that the target region will present a total incremental potential of USD 686.5 million.
Principal Players
Liebherr, Wolffkran, Yongmao Holdings Limited, The Manitowoc Company, Shenyang Sanyo Building Machinery Co, Ltd, COMANSA, Sany Group, Zoomlion, Raimondi, and XCMG are a few of the major companies that are active in the Middle Eastern tower crane business.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
- 1.1 MIDDLE EAST TOWER CRANE MARKET, BY TYPE
- 1.2 MIDDLE EAST TOWER CRANE MARKET, BY DESIGN
- 1.3 MIDDLE EAST TOWER CRANE MARKET, BY LIFITING CAPACITY
- 1.4 MIDDLE EAST TOWER CRANE MARKET, BY APPLICATION
2 MARKET INTRODUCTION
- 2.1 DEFINITION
- 2.2 SCOPE OF THE STUDY
- 2.3 RESEARCH OBJECTIVE
- 2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
- 3.1 RESEARCH PROCESS
- 3.2 PRIMARY RESEARCH
- 3.3 SECONDARY RESEARCH
- 3.4 MARKET SIZE ESTIMATION
- 3.5 TOP-DOWN AND BOTTOM-UP APPROACH
- 3.6 FORECAST MODEL
- 3.7 LIST OF ASSUMPTIONS
4 MARKET DYNAMICS
- 4.1 INTRODUCTION
- 4.2 DRIVERS
- 4.2.1 ENCOURAGEMENT OF GIGA PROJECTS ACROSS THE REGION IS DRIVING THE MARKET FOR TOWER CRANE INDUSTRY
- 4.2.2 GROWTH IN LOW-RISE TO HIGH-RISE BUILDINGS IN COMMERCIAL AND RESIDENTIAL SECTOR IS DRIVING THE MARKET
- 4.2.3 INCREASING SHIPMENT ACTIVITY IN THE REGION IS DRIVING THE MARKET
- 4.2.4 DRIVER IMPACT ANALYSIS
- 4.3 RESTRAINTS
- 4.3.1 RISING COSTS AND GLOBAL FINANCING UNCERTAINTY HINDERING THE MARKET FOR TOWER CRANE INDUSTRY
- 4.3.2 TRANSPORTATION FOR LARGE COMPONENTS AND PREFABRICATED MODULES POSSESS A CHALLENGES FOR THE TOWER CRANE PRODUCTS
- 4.3.3 RESTRAINT IMPACT ANALYSIS
- 4.4 OPPORTUNITY
- 4.4.1 TECHNOLOGY ADVANCEMENT POSSESS AN OPPORTUNITY FOR THE INDUSTRY
- 4.4.2 GROWING OIL AND GAS INDUSTRY POSSESS AN OPPORTUNITY FOR THE MARKET
- 4.4.3 COVID-19 IMPACT ANALYSIS
- 4.4.4 IMPACT ON OVERALL CONSTRUCTION EQUIPMENT MARKET
- 4.4.5 IMPACT ON TOWER CRANE MARKET
- 4.4.6 IMPACT ON SUPPLY CHAIN
- 4.4.7 IMPACT ON MARKET DEMAND
- 4.4.7.1 IMPACT DUE TO RESTRICTION/LOCKDOWNS
- 4.4.7.2 CONSUMER SENTIMENTS
- 4.4.8 IMPACT ON PRICING
5 MARKET FACTOR ANALYSIS
- 5.1.1 SUPPLY CHAIN ANALYSIS
- 5.1.2 RESEARCH AND DEVELOPMENT (R&D)
- 5.1.3 MANUFACTURE & ASSEMBLY
- 5.1.4 SALES & DISTRIBUTION
- 5.1.5 APPLICATION
- 5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OF SUPPLIERS
- 5.2.3 THREAT OF SUBSTITUTES
- 5.2.4 BARGAINING POWER OF BUYERS
- 5.2.5 INTENSITY OF RIVALRY
6 MIDDLE EAST TOWER CRANE, BY TYPE
- 6.1 OVERVIEW
- 6.2 LUFFING TYPE
- 6.3 HAMMERHEAD CRANES
- 6.4 SELF-ERECTING TOWER CRANES
- 6.5 FLAT TOP TOWER CRANE
7 MIDDLE EAST TOWER CRANE, BY DESIGN
- 7.1 OVERVIEW
- 7.2 TOP SLEWING
- 7.3 BOTTOM SLEWING
8 MIDDLE EAST TOWER CRANE, BY LIFTING CAPACITY
- 8.1 OVERVIEW
- 8.2 UP TO 5 TONS
- 8.3 5 TONES-10 TONES
- 8.4 10 TONES- 20 TONES
- 8.5 20 TONES-50 TONES
- 8.6 ABOVE 50 TONES
9 MIDDLE EAST TOWER CRANE, BY APPLICATION
- 9.1 OVERVIEW
- 9.2 DAM CONSTRUCTION
- 9.3 BRIDGE CONSTRUCTION
- 9.4 SHIPYARDS
- 9.5 POWER PLANT
- 9.6 HIGH RISE BUILDING
10 MIDDLE EAST TOWER CRANE, BY COUNTRY
- 10.1 OVERVIEW
- 10.1.1 MIDDLE EAST TOWER CRANE, BY COUNTRY, 2019-2030
- 10.2 SAUDI ARABIA
- 10.2.1 SAUDI ARABIA: TOWER CRANE MARKET, BY TYPE, 2019-2030
- 10.2.2 SAUDI ARABIA: TOWER CRANE MARKET, BY DESIGN, 2019-2030
- 10.2.3 SAUDI ARABIA: TOWER CRANE MARKET, BY LIFTING CAPACITY, 2019-2030
- 10.2.4 SAUDI ARABIA: TOWER CRANE MARKET, BY APPLICATION, 2019-2030
- 10.3 UAE
- 10.3.1 UAE: TOWER CRANE MARKET, BY TYPE, 2019-2030
- 10.3.2 UAE: TOWER CRANE MARKET, BY DESIGN, 2019-2030
- 10.3.3 UAE: TOWER CRANE MARKET, BY LIFTING CAPACITY, 2019-2030
- 10.3.4 UAE: TOWER CRANE MARKET, BY APPLICATION, 2019-2030
- 10.4 QATAR
- 10.4.1 QATAR: TOWER CRANE MARKET, BY TYPE, 2019-2030
- 10.4.2 QATAR: TOWER CRANE MARKET, BY DESIGN, 2019-2030
- 10.4.3 QATAR: TOWER CRANE MARKET, BY LIFTING CAPACITY, 2019-2030
- 10.4.4 QATAR: TOWER CRANE MARKET, BY APPLICATION, 2019-2030
- 10.5 KUWAIT
- 10.5.1 KUWAIT: TOWER CRANE MARKET, BY TYPE, 2019-2030
- 10.5.2 KUWAIT: TOWER CRANE MARKET, BY DESIGN, 2019-2030
- 10.5.3 KUWAIT: TOWER CRANE MARKET, BY LIFTING CAPACITY, 2019-2030
- 10.5.4 KUWAIT: TOWER CRANE MARKET, BY APPLICATION, 2019-2030
- 10.6 REST OF MIDDLE EAST
- 10.6.1 REST OF MIDDLE EAST: TOWER CRANE MARKET, BY TYPE, 2019-2030
- 10.6.2 REST OF MIDDLE EAST: TOWER CRANE MARKET, BY DESIGN, 2019-2030
- 10.6.3 REST OF MIDDLE EAST: TOWER CRANE MARKET, BY LIFTING CAPACITY, 2019-2030
- 10.6.4 REST OF MIDDLE EAST: TOWER CRANE MARKET, BY APPLICATION, 2019-2030
11 COMPETITIVE LANDSCAPE
- 11.1 COMPETITIVE OVERVIEW
- 11.2 COMPETITIVE BENCHMARKING
- 11.3 MARKET SHARE ANALYSIS
- 11.4 KEY DEVELOPMENTS & GROWTH STRATEGIES
- 11.4.1 PRODUCT LAUNCH
- 11.4.2 PARTNERSHIP
- 11.4.3 EXPANSION
- 11.4.4 ANNOUNCEMENT
- 11.4.5 ACHIEVEMENT
- 11.4.6 EVENT
12 COMPANY PROFILES
- 12.1 LIEBHERR
- 12.1.1 COMPANY OVERVIEW
- 12.1.2 FINANCIAL OVERVIEW
- 12.1.3 PRODUCTS OFFERED
- 12.1.4 KEY DEVELOPMENTS
- 12.1.5 SWOT ANALYSIS
- 12.1.6 KEY STRATEGIES
- 12.2 XUZHOU CONSTRUCTION MACHINERY GROUP CO., LTD. (XCMG)
- 12.2.1 COMPANY OVERVIEW
- 12.2.2 FINANCIAL OVERVIEW
- 12.2.3 PRODUCTS OFFERED
- 12.2.4 KEY DEVELOPMENTS
- 12.2.5 SWOT ANALYSIS
- 12.2.6 KEY STRATEGIES
- 12.3 THE MANITOWOC COMPANY
- 12.3.1 COMPANY OVERVIEW
- 12.3.2 FINANCIAL OVERVIEW
- 12.3.3 PRODUCTS OFFERED
- 12.3.4 KEY DEVELOPMENTS
- 12.3.5 SWOT ANALYSIS
- 12.3.6 KEY STRATEGIES
- 12.4 ZOOMLION HEAVY INDUSTRY SCIENCE&TECHNOLOGY CO., LTD.
- 12.4.1 COMPANY OVERVIEW
- 12.4.2 FINANCIAL OVERVIEW
- 12.4.3 PRODUCTS OFFERED
- 12.4.4 KEY DEVELOPMENTS
- 12.4.5 SWOT ANALYSIS
- 12.4.6 KEY STRATEGIES
- 12.5 SANY GROUP
- 12.5.1 COMPANY OVERVIEW
- 12.5.2 FINANCIAL OVERVIEW
- 12.5.3 PRODUCTS OFFERED
- 12.5.4 KEY DEVELOPMENTS
- 12.5.5 SWOT ANALYSIS
- 12.5.6 KEY STRATEGIES
- 12.6 WOLFFKRAN
- 12.6.1 COMPANY OVERVIEW
- 12.6.2 FINANCIAL OVERVIEW
- 12.6.3 PRODUCTS OFFERED
- 12.6.4 KEY DEVELOPMENTS
- 12.6.5 SWOT ANALYSIS
- 12.6.6 KEY STRATEGY
- 12.7 YONGMAO HOLDINGS LIMITED
- 12.7.1 COMPANY OVERVIEW
- 12.7.2 FINANCIAL OVERVIEW
- 12.7.3 PRODUCTS OFFERED
- 12.7.4 KEY DEVELOPMENTS
- 12.7.5 SWOT ANALYSIS
- 12.7.6 KEY STRATEGIES
- 12.8 COMANSA
- 12.8.1 COMPANY OVERVIEW
- 12.8.2 FINANCIAL OVERVIEW
- 12.8.3 PRODUCTS/SERVICES OFFERED
- 12.8.4 KEY DEVELOPMENTS
- 12.8.5 SWOT ANALYSIS
- 12.8.6 KEY STRATEGIES
- 12.9 RAIMONDI
- 12.9.1 COMPANY OVERVIEW
- 12.9.2 FINANCIAL OVERVIEW
- 12.9.3 PRODUCTS/SERVICES OFFERED
- 12.9.4 KEY DEVELOPMENTS
- 12.9.5 SWOT ANALYSIS
- 12.9.6 KEY STRATEGIES
- 12.10 SHENYANG SANYO BUILDING MACHINERY CO, LTD
- 12.10.1 COMPANY OVERVIEW
- 12.10.2 FINANCIAL OVERVIEW
- 12.10.3 PRODUCTS OFFERED
- 12.10.4 KEY DEVELOPMENTS
- 12.10.5 SWOT ANALYSIS
- 12.10.6 KEY STRATEGY
LIST OF TABLES
- TABLE 1 LIST OF ASSUMPTIONS
- TABLE 2 MIDDLE EAST TOWER CRANE, BY TYPE, 2019-2030 (USD MILLION)
- TABLE 3 MIDDLE EAST TOWER CRANE, BY DESIGN, 2019-2030 (USD MILLION)
- TABLE 4 MIDDLE EAST TOWER CRANE, BY LIFTING CAPACITY, 2019-2030 (USD MILLION)
- TABLE 5 MIDDLE EAST TOWER CRANE, BY APPLICATION, 2019-2030 (USD MILLION)
- TABLE 6 MIDDLE EAST TOWER CRANE, BY COUNTRY, 2019-2030 (USD MILLION)
- TABLE 7 SAUDI ARABIA: TOWER CRANE MARKET, BY TYPE, 2019-2030 (USD MILLION)
- TABLE 8 SAUDI ARABIA: TOWER CRANE MARKET, BY DESIGN, 2019-2030 (USD MILLION)
- TABLE 9 SAUDI ARABIA: TOWER CRANE MARKET, BY LIFTING CAPACITY, 2019-2030 (USD MILLION)
- TABLE 10 SAUDI ARABIA: TOWER CRANE MARKET, BY APPLICATION, 2019-2030 (USD MILLION)
- TABLE 11 UAE: TOWER CRANE MARKET, BY TYPE, 2019-2030 (USD MILLION)
- TABLE 12 UAE: TOWER CRANE MARKET, BY DESIGN, 2019-2030 (USD MILLION)
- TABLE 13 UAE: TOWER CRANE MARKET, BY LIFTING CAPACITY, 2019-2030 (USD MILLION)
- TABLE 14 UAE: TOWER CRANE MARKET, BY APPLICATION, 2019-2030 (USD MILLION)
- TABLE 15 QATAR: TOWER CRANE MARKET, BY TYPE, 2019-2030 (USD MILLION)
- TABLE 16 QATAR: TOWER CRANE MARKET, BY DESIGN, 2019-2030 (USD MILLION)
- TABLE 17 QATAR: TOWER CRANE MARKET, BY LIFTING CAPACITY, 2019-2030 (USD MILLION)
- TABLE 18 QATAR: TOWER CRANE MARKET, BY APPLICATION, 2019-2030 (USD MILLION)
- TABLE 19 KUWAIT: TOWER CRANE MARKET, BY TYPE, 2019-2030 (USD MILLION)
- TABLE 20 KUWAIT: TOWER CRANE MARKET, BY DESIGN, 2019-2030 (USD MILLION)
- TABLE 21 KUWAIT: TOWER CRANE MARKET, BY LIFTING CAPACITY, 2019-2030 (USD MILLION)
- TABLE 22 KUWAIT: TOWER CRANE MARKET, BY APPLICATION, 2019-2030 (USD MILLION)
- TABLE 23 REST OF MIDDLE EAST: TOWER CRANE MARKET, BY TYPE, 2019-2030 (USD MILLION)
- TABLE 24 REST OF MIDDLE EAST: TOWER CRANE MARKET, BY DESIGN, 2019-2030 (USD MILLION)
- TABLE 25 REST OF MIDDLE EAST: TOWER CRANE MARKET, BY LIFTING CAPACITY, 2019-2030 (USD MILLION)
- TABLE 26 REST OF MIDDLE EAST: TOWER CRANE MARKET, BY APPLICATION, 2019-2030 (USD MILLION)
- TABLE 27 PRODUCT LAUNCH
- TABLE 28 PARTNERSHIP
- TABLE 29 EXPANSION
- TABLE 30 ANNOUNCEMENT
- TABLE 31 ACHIEVEMENT
- TABLE 32 EVENT
- TABLE 33 LIEBHERR: PRODUCTS OFFERED
- TABLE 34 LIEBHERR: KEY DEVELOPMENTS
- TABLE 35 XUZHOU CONSTRUCTION MACHINERY GROUP CO., LTD. (XCMG): PRODUCTS OFFERED
- TABLE 36 XUZHOU CONSTRUCTION MACHINERY GROUP CO., LTD. (XCMG): KEY DEVELOPMENTS
- TABLE 37 THE MANITOWOC COMPANY: PRODUCTS OFFERED
- TABLE 38 THE MANITOWOC COMPANY: KEY DEVELOPMENTS
- TABLE 39 ZOOMLION HEAVY INDUSTRY SCIENCE&TECHNOLOGY CO., LTD.: PRODUCTS OFFERED
- TABLE 40 ZOOMLION HEAVY INDUSTRY SCIENCE&TECHNOLOGY CO., LTD: KEY DEVELOPMENTS
- TABLE 41 SANY GROUP: PRODUCTS OFFERED
- TABLE 42 SANY GROUP KEY DEVELOPMENTS
- TABLE 43 WOLFFKRAN: PRODUCTS OFFERED
- TABLE 44 WOLFFKRAN: KEY DEVELOPMENTS
- TABLE 45 YONGMAO HOLDINGS LIMITED: PRODUCTS OFFERED
- TABLE 46 COMANSA: PRODUCTS/SERVICES OFFERED
- TABLE 47 COMANSA: KEY DEVELOPMENTS
- TABLE 48 RAIMONDI: PRODUCTS OFFERED
- TABLE 49 RAIMONDI: KEY DEVELOPMENTS
- TABLE 50 SHENYANG SANYO BUILDING MACHINERY CO, LTD: PRODUCTS OFFERED
LIST OF FIGURES
- FIGURE 1 MARKET SYNOPSIS
- FIGURE 2 MIDDLE EAST TOWER CRANE MARKET ANALYSIS, BY TYPE, 2022
- FIGURE 3 MIDDLE EAST TOWER CRANE MARKET ANALYSIS, BY DESIGN, 2022
- FIGURE 4 MIDDLE EAST TOWER CRANE MARKET ANALYSIS, BY LIFTING CAPACITY, 2022
- FIGURE 5 MIDDLE EAST TOWER CRANE MARKET ANALYSIS, BY APPLICATION, 2022
- FIGURE 6 MIDDLE EAST TOWER CRANE MARKET: STRUCTURE
- FIGURE 7 RESEARCH PROCESS OF MRFR
- FIGURE 8 MARKET DYNAMIC ANALYSIS OF THE MIDDLE EAST TOWER CRANE MARKET
- FIGURE 9 DRIVER IMPACT ANALYSIS: MIDDLE EAST TOWER CRANE MARKET
- FIGURE 10 RESTRAINT IMPACT ANALYSIS: MIDDLE EAST TOWER CRANE MARKET
- FIGURE 11 SUPPLY CHAIN ANALYSIS: MIDDLE EAST TOWER CRANE MARKET
- FIGURE 12 PORTER'S FIVE FORCES ANALYSIS OF THE TOWER CRANE MARKET
- FIGURE 13 MIDDLE EAST TOWER CRANE, BY TYPE, 2022 (% SHARE)
- FIGURE 14 MIDDLE EAST TOWER CRANE, BY TYPE, 2019-2030 (USD MILLION)
- FIGURE 15 MIDDLE EAST TOWER CRANE, BY DESIGN, 2022 (% SHARE)
- FIGURE 16 MIDDLE EAST TOWER CRANE, BY DESIGN, 2019-2030 (USD MILLION)
- FIGURE 17 MIDDLE EAST TOWER CRANE, BY LIFTING CAPACITY, 2022 (% SHARE)
- FIGURE 18 MIDDLE EAST TOWER CRANE, BY LIFTING CAPACITY, 2019-2030 (USD MILLION)
- FIGURE 19 MIDDLE EAST TOWER CRANE, BY APPLICATION, 2022 (% SHARE)
- FIGURE 20 MIDDLE EAST TOWER CRANE, BY APPLICATION, 2019-2030 (USD MILLION)
- FIGURE 21 MIDDLE EAST TOWER CRANE, BY COUNTRY, 2022 (% SHARE)
- FIGURE 22 MIDDLE EAST TOWER CRANE, BY COUNTRY, 2019 TO 2030(USD MILLION)
- FIGURE 23 BENCHMARKING OF MAJOR COMPETITORS
- FIGURE 24 MIDDLE EAST TOWER CRANE MARKET SHARE ANALYSIS, 2022 %
- FIGURE 25 LIEBHERR: FINANCIAL OVERVIEW SNAPSHOT
- FIGURE 26 LIEBHERR: SWOT ANALYSIS
- FIGURE 27 XUZHOU CONSTRUCTION MACHINERY GROUP CO., LTD. (XCMG): FINANCIAL OVERVIEW SNAPSHOT
- FIGURE 28 XUZHOU CONSTRUCTION MACHINERY GROUP CO., LTD. (XCMG): SWOT ANALYSIS
- FIGURE 29 THE MANITOWOC COMPANY: FINANCIAL OVERVIEW SNAPSHOT
- FIGURE 30 THE MANITOWOC COMPANY: SWOT ANALYSIS
- FIGURE 31 ZOOMLION HEAVY INDUSTRY SCIENCE&TECHNOLOGY CO., LTD: FINANCIAL OVERVIEW SNAPSHOT
- FIGURE 32 ZOOMLION HEAVY INDUSTRY SCIENCE&TECHNOLOGY CO., LTD.: SWOT ANALYSIS
- FIGURE 33 SANY GROUP: FINANCIAL OVERVIEW SNAPSHOT
- FIGURE 34 SANY GROUP: SWOT ANALYSIS
- FIGURE 35 WOLFFKRAN: SWOT ANALYSIS
- FIGURE 36 YONGMAO HOLDINGS LIMITED: FINANCIAL OVERVIEW SNAPSHOT
- FIGURE 37 YONGMAO HOLDINGS LIMITED: SWOT ANALYSIS
- FIGURE 38 COMANSA: SWOT ANALYSIS
- FIGURE 39 RAIMONDI: SWOT ANALYSIS
- FIGURE 40 SHENYANG SANYO BUILDING MACHINERY CO, LTD: SWOT ANALYSIS
