Tower Crane Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Tower Crane Manufacturers and is Segmented by Crane Type (Hammerhead Tower Cranes, Luffing Tower Cranes, and Self-Erecting Tower Cranes), Lifting Capacity (Up To 5 Tons, 5-10 Tons, 11-16 Tons, 17-25 Tons, and Above 25 Tons), End User (Infrastructure, Residential Buildings, Commercial Buildings, Mining and Excavation, and Other End Users (Marine, Offshore, Etc. )), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The Report Offers Market Size and Forecast in Value (USD) for all the Above Segments.

Tower Crane Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Tower Cranes Industry Overview

The tower crane market is dominated by several key players such as Manitowoc Company Inc., SANY Group, Action Construction Equipment Ltd, Zoomlion Heavy Industry Science & Technology Co. Ltd, Terex Corporation, Liebherr-International AG, and XCMG Group. These market players have incorporated several strategies, including partnerships, expansions, collaborations, and joint ventures, to maintain their market positions. For instance:

  • In October 2023, Potain, a leading brand in tower cranes, introduced a new self-erecting crane, the Evy 30-23 4 t. It features an impressive maximum capacity of 4 ton and a 1-ton capacity at the tip of its 30 m jib.
  • In April 2023, Zoomlion Heavy Industry Science & Technology Co. Ltd launched a new tower crane named R20000-720 in China. The crane has a maximum load moment of 20,000 tons and a maximum hoisting height of 400 meters.

Tower Cranes Market Leaders

  1. Sany Group

  2. Terex Corporation

  3. Liebherr International AG

  4. The Manitowoc Company, Inc.

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

  6. *Disclaimer: Major Players sorted in no particular order
Tower Crane Market Concentration

Tower Crane Market Report Snapshots

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