Press release
Tower Crane Market Projected to Reach $9,907.1 Million in 2028
Tower cranes are mostly fixed and offer heavy lifting and handling operations on very high heights. These cranes constitute of a vertical mast and an operating jib or arm, along with other components including, a counter jib, an operating cabin, slewing unit, hoist winch, and a hook, which assists in lifting and maneuvering heavy materials and goods efficiently. Tower cranes are mostly widely utilized in the construction of buildings and other structures owing to high demand for material handling and transportation on high elevations.
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The global tower crane market size is expected to reach $9.9 billion in 2028 from $6.6 billion in 2020, growing at a CAGR of 4.8% from 2021 to 2028.
Moreover, Asia-Pacific is the highest contributor in the tower crane market. China holds majority of the global share in tower cranes production as well as consumption. The China based firm Zoomlion Heavy Industry Science & Technology Co., Ltd. is the largest manufacturer of tower cranes in the region. In addition, despite the pandemic, China witnessed positive sales during 2020, when compared to the declined sales of tower cranes across the globe. This was mainly due to the early response toward the spread of COVID-19 infections and provision of healthcare facilities for the infected patients.
Key Market Players
Action Construction Equipment Ltd.
ENG CRANES Srl
JASO Tower Cranes
Liebherr-International AG
Manitowoc Company, Inc.
SANY Global
Sarens n.v./s.a.
Terex Corporation
XCMG
Zoomlion Heavy Industry Science & Technology Co., Ltd.
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Key Market Segments
By Type
Self-erecting
Luffing Jib
Hammer Head
Flat Top
By Lifting Capacity
Less than 5 ton
6 to 10 ton
More than 10 ton
By End-User Industry
Building Construction
Infrastructural Construction
Energy
Others
By Region
North America
Europe
Asia-Pacific
LAMEA
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Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
Get Sample Report @ https://www.alliedmarketresearch.com/request-sample/11680
The global tower crane market size is expected to reach $9.9 billion in 2028 from $6.6 billion in 2020, growing at a CAGR of 4.8% from 2021 to 2028.
Moreover, Asia-Pacific is the highest contributor in the tower crane market. China holds majority of the global share in tower cranes production as well as consumption. The China based firm Zoomlion Heavy Industry Science & Technology Co., Ltd. is the largest manufacturer of tower cranes in the region. In addition, despite the pandemic, China witnessed positive sales during 2020, when compared to the declined sales of tower cranes across the globe. This was mainly due to the early response toward the spread of COVID-19 infections and provision of healthcare facilities for the infected patients.
Key Market Players
Action Construction Equipment Ltd.
ENG CRANES Srl
JASO Tower Cranes
Liebherr-International AG
Manitowoc Company, Inc.
SANY Global
Sarens n.v./s.a.
Terex Corporation
XCMG
Zoomlion Heavy Industry Science & Technology Co., Ltd.
Request for Custom Report @ https://www.alliedmarketresearch.com/request-for-customization/11680
Key Market Segments
By Type
Self-erecting
Luffing Jib
Hammer Head
Flat Top
By Lifting Capacity
Less than 5 ton
6 to 10 ton
More than 10 ton
By End-User Industry
Building Construction
Infrastructural Construction
Energy
Others
By Region
North America
Europe
Asia-Pacific
LAMEA
Purchase Enquiry @ https://www.alliedmarketresearch.com/purchase-enquiry/11680
Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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