Market Overview

The Global Tower Cranes Market was valued at USD 5,566.7 million in 2023 and is expected to reach USD 8,350.7 million by 2031 while growing at a CAGR of 5.2% during the forecast period (2024-2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global tower cranes market growth. A tower crane, commonly used in construction and other industries, moves heavy materials both vertically and horizontally. It features a tall steel tower that enables lifting to considerable heights, and is frequently employed on large construction sites, especially for high-rise buildings and infrastructure projects.

Increasing high-rise construction projects drive the Tower Crane market, propelled by ongoing advancements in crane technology. However, obstacles such as high initial costs and regulatory compliance may impede market expansion.

Furthermore, the global tower cranes industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Product Analysis

The Global Tower Cranes Market is segmented among Flat Top, Hammerhead, Luffing Jib, and Self-erecting, based on Product. In 2023, Hammerhead accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Design Analysis

The Global Tower Cranes Market is segmented among Top Slewing Crane, and Bottom Slewing Crane, based on Design. In 2023, Top Slewing Crane, accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Tower Cranes Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are COMANSA, FAVELLE FAVCO BERHAD, Grúas Sáez, 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.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Tower Cranes Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Tower Cranes Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Tower Cranes Market Segmentation, By Product

• Global Tower Cranes Market Share Analysis, By Product

• Global Tower Cranes Market Growth Analysis, By Product

• Global Tower Cranes Market Trends, By Product

o Flat Top

o Hammerhead

o Luffing Jib

o Self-erecting

6. Global Tower Cranes Market Segmentation, By Design

• Global Tower Cranes Market Share Analysis, By Design

• Global Tower Cranes Market Growth Analysis, By Design

• Global Tower Cranes Market Trends, By Design

o Top Slewing Crane

o Bottom Slewing Crane

7. Global Tower Cranes Market Segmentation, By Lifting Capacity

• Global Tower Cranes Market Share Analysis, By Lifting Capacity

• Global Tower Cranes Market Growth Analysis, By Lifting Capacity

• Global Tower Cranes Market Trends, By Lifting Capacity

o Below 5 Metric Tons

o 6 to 80 Metric Tons

o Above 80 Metric Tons

8. Global Tower Cranes Market Segmentation, By Application

• Global Tower Cranes Market Share Analysis, By Application

• Global Tower Cranes Market Growth Analysis, By Application

• Global Tower Cranes Market Trends, By Application

o Construction

o Mining

o Others

9. Global Tower Cranes Market Segmentation, By Region

• Global Tower Cranes Market Share Analysis, By Region

• Global Tower Cranes Market Growth Analysis, By Region

• Global Tower Cranes Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

10. Competitive Landscape

• Comansa*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Favelle Favco Berhad

• Grúas Sáez, S.L.

• JASO Tower Cranes

• Liebherr

• Raimondi

• Sichuan Construction Machinery (Group) Co., Ltd

• Terex Corporation

• The Manitowoc Company, Inc.

• WOLFFKRAN International AG.

• XCMG Group

• Zoomlion Heavy Industry Science & Technology Co., Ltd.

*Similar analysis will be provided for each company listed above.