A tower crane is a piece of equipment used to move or transport oversized objects. It is a stationary device, which means the base of the crane does move. A large, fixed tower supports a horizontal beam, or jib, which sits atop the tower to form an uneven letter “T.” A tower crane is often used in the construction industry to set steel beams and other large building components. It may also be used in the shipping or transportation industry to load and unload large freighters.
The base of the tower crane sits atop a concrete pad, which can vary in thickness based on the height and weight of the crane. Large anchor bolts are used to fasten the base of the tower to the concrete, and may also extend several feet into the ground. This keeps the tower safely supported to help reduce the risk of collapse.
The vertical tower extends dozens of feet into the air, and the jib rests on top. The longer section of the jib has cables attached to move or position objects below, while the shorter section of the jib extends away from these cables to act as a counterweight. Additional counterweights made from concrete or steel may be hung from the shorter section of the jib to adjust the balance of the crane.
An operator car is typically located where the jib meets the tower. The tower crane operator sits inside of this car and uses a series of controls to swing the jib and move objects. An individual on the ground or within the building oversees the process of fastening objects to the cables of the tower crane. This individual is known as a rigger and he or she uses radio or hand signals to communicate with the crane operator.
According to our (Global Info Research) latest study, the global Tower Crane market size was valued at USD 2953.7 million in 2022 and is forecast to a readjusted size of USD 2460.8 million by 2029 with a CAGR of -2.6% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global tower crane main manufactuers include Zoomlion, XCMG, SANY, Liebherr, etc.Top 5 players account for about 70% of the market. Asia-Pacific is the largest market of tower crane, holding a share over 65%. As for the types of products, the most common type is hammerhead tower cranes, with a share over 65%. As for the applications of products, it is widely used in dam building, bridge building, shipyards, power plants and high rise buildings.The most common application is high rise buildings, with a share over 50%.
This report is a detailed and comprehensive analysis for global Tower Crane market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
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Market Segmentation
Tower Crane market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Self-erecting Tower Cranes
Flat Top Tower Cranes
Hammerhead Tower Cranes
Luffing Jib Tower Cranes
Market segment by Application
Dam Building
Bridge Building
Shipyards
Power Plants
High Rise Buildings
Major players covered
XCMG
Liebherr
Manitowoc
Zoomlion
SANY
Terex
DAHAN
Fushun Yongmao
Comansa
FAVCO
Zhejiang Construction Machinery
SCM
Fangyuan Group
Huaxia
Guangxi Construction
Saez
Wolffkran
HKTC
Jost
Jaso
Raimondi
FM Gru
Wilbert
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Tower Crane
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Tower Crane product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Tower Crane, with price, sales, revenue and global market share of Tower Crane from 2018 to 2023.
Chapter 3, the Tower Crane competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Tower Crane breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Tower Crane market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Tower Crane.
Chapter 14 and 15, to describe Tower Crane sales channel, distributors, customers, research findings and conclusion.
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