PUBLISHER: Value Market Research | PRODUCT CODE: 1547366
PUBLISHER: Value Market Research | PRODUCT CODE: 1547366
The global demand for Tower Crane Market is presumed to reach the market size of nearly USD 10.13 Billion by 2032 from USD 6.13 Billion in 2023 with a CAGR of 5.75% under the study period 2024-2032.
A tower crane is defined as a construction machine intended to unload and load different types of construction materials. The tower crane is fixed and mounted on-site. The Tower Crane shows itself like a vertical metallic arrangement having a horizontal boom that turns over an angle up to 360°. A tower crane will carry out hundreds of lifts during the construction project, that is, moving heavy materials like concrete and steel into place for construction workers to bring together a building. Tower cranes are majorly utilized to construct tall structures like skyscrapers. One of the basic components of a tower crane is a vertical tower, also called a mast and an outstretched jib.
The rising high-rise building activities and accelerating crane rental demand across the globe is the major factor driving the tower crane market. The urge in the necessity for housing, particularly in urban areas, has inclined the construction of high-rise structures that necessitate lifting and handling of building materials and components at elevated heights leads to high market demand. The noteworthy government investments for infrastructure development activities are stimulating high market demand in the forecast period. Moreover, the rising urbanization and huge demand for prefabricated construction are likely to create lucrative growth opportunities for key players of the tower crane market in the coming years.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Tower Crane. The growth and trends of Tower Crane industry provide a holistic approach to this study.
This section of the Tower Crane market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Tower Crane market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Tower Crane market include Comansa, Favelle Favco Berhad, GruAs SaEz, S.L., Jaso Tower Cranes, Liebherr, Raimondi, Sichuan Construction Machinery (Group)Co. Ltd, Terex Corporation, The Manitowoc Company Inc., Wolffkran International Ag., Xcmg Group, And Zoomlion Heavy Industry Science&Technology Co. Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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