Global Tower Crane market was valued at US$ 5.32 Bn. in 2021 and expected to grow at a CAGR of 8.2% during the forecast period (2022-2029), thanks to the growing trend of flat-top crane use which has boosted demand for Global Tower Cranes Market.
Tower Crane Market Overview:
A research team conducted extensive primary and secondary research for the Tower Crane market study of the global market. In order to augment already-existing data, segment the market, calculate the overall market size, and project market size and growth rate, secondary research was conducted.
Market revenue is determined by primary and secondary research, and market leaders are recognised through these two methods. In-depth interviews with influential thought leaders and business leaders, including CEOs and marketing executives, were conducted as part of the main study.
As part of the primary research, extensive interviews with key opinion leaders and business leaders, including CEOs and marketing executives, were done. As part of the secondary research, the annual and financial reports of the major manufacturers were examined. Global market percentage splits, market shares, growth rates, and breakdowns are produced from secondary sources and validated against primary data.
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Market Scope:
The report contributes to a better knowledge of the global Tower Crane market’s dynamic structure by identifying and assessing market segments and estimating market size. The report also contains a comparison of key firms’ pricing, financial standing, application growth objectives, and regional presence. To assist shareholders in prioritising their efforts and investments in the global Tower Crane market, the study also contains a PESTLE analysis.
Decision-makers now have a clear picture of the future of the market thanks to the investigation of external and internal factors that are expected to either benefit or harm enterprises. Through the analysis of market segmentation and projections of market size, the study also contributes to an understanding of the dynamic structure of the global ## market. The study is a resource for investors by giving a thorough representation of the competitive analysis of significant organizations in the Global Tower Crane Market based on price, financial position, growth strategies, and geographic presence.
Tower Crane Market Segment:
The market for tower cranes is divided into three categories: below 10 MT, between 10 and 50 MT, and above 50 MT. The segment with a market share of between 10 and 50 MT accounted for nearly half of all sales globally in 2021. The weight is lifted by flat-top, hammerhead tower cranes, which have a maximum lifting capacity of around 18 MT. It is appropriate for oil and gas, mining, and port operations, among other activities, hence this market is anticipated to expand at a CAGR of 6.9% over the course of the forecast year.
Tower Crane Market Key players:
• XCMG Group
• Shandong Huaxia Group Co Ltd
• Shandong Dahan Construction Machinery Co
• Manitowoc
• Yongmao Holdings Limited
• LIEBHERR
• HKTC
• Favelle Favco BHD
• Guangxi Construction Engineering Group Ltd
• Sichuan Construction Machinery Co
• Zhejiang Construction Machinery Group Co., Ltd.
• Zoomlion Heavy Industry Science & Technology Co., Ltd
• Wolffkran International
• Terex Corporation
• Fangyuan Group Co. Ltd
Regional Analysis:
The Tower Crane Market is examined at the national level with a focus on nations with the largest market shares, categories with the potential for strong growth, and categories. The regional breakdowns in the Tower Crane Market research include North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other nations.
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COVID-19 Impact Analysis on Tower Crane Market: The report covers COVID-19 impact on Tower Crane market.
Key Questions Answered in the Tower Crane Market Report are:
- What will the CAGR of the ## market be during the forecast period?
- In the ## market, which market segment has become the market leader?
- Which companies dominate the ## market?
- In 2029, how big will the ## market be?
- Which company held the largest proportion of the ## market?
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