Tower Crane Market, Increasing Demand For High-rise Buildings to Boost Market Growth, Market Segmentation by Enduser and Geography – Technavio – QNT Press Release


NEW YORK, Aug. 1, 2022 /PRNewswire/ — The “Tower Crane Market by End-user (Infrastructure, Residential, and Commercial) and Geography (APAC, North America, Europe, Middle Eastand Africaand South America) – Forecast and Analysis 2022-2026” Report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. This report extensively covers tower crane market segmentation by end-user (infrastructure, residential, and commercial) and geography (APAC, North America, Europe, Middle Eastand Africaand South America).

The tower crane market report also offers information on several market vendors, including Action Construction Equipment Ltd., Fangyuan Group Co. Ltd., FMGru Srl, Hyundai Everdigm Corp., Shandong Dahan Construction Machinery Co. Ltd., Yongmao Construction Machinery Co. Ltd ., and Zoomlion Heavy Industry Science and Technology Co. Ltd. among others.

The potential growth difference for the tower crane market between 2021 and 2026 is USD 1.06 billion. To get the exact yearly growth variance and the YOY growth rate, Talk to our analyst.

Key Market Segmentation
  • By End-user
    • Infrastructure
    • Residential
    • Commercial
      • The infrastructure segment’s share of the tower crane market will expand significantly. The enormous increase in investments in several construction projects in nations like India, China, Singapore, Hong Kongand Thailand is attributed to the growth.
  • By Geography
    • APAC
    • North America
    • Europe
    • The Middle East and Africa
    • South America
      • APAC will account for 45% of market growth. The two biggest markets in APAC for tower cranes are China and Japan. This region’s markets will expand more quickly than those in other areas.
      • Governments and private businesses will significantly boost their spending on infrastructure projects throughout the projected period, which will support the expansion of the tower crane market in APAC.

Download the sample report for additional insights into the contribution of all the segments, and regional opportunities in the report.

Key Market Vendors

  • Action Construction Equipment Ltd.- The company offers tower cranes that are rugged, dependable, and cost-effective for big civil construction and erection jobs.
  • Fangyuan Group Co. Ltd.- The company offers tower cranes in addition to concrete mixing machinery for a complete construction solution.
  • Liebherr International AG- The company offers tower cranes with advanced technology that enables the driver to control a crane more efficiently and optimize handling.
  • Muhibbah Engineering (M) Bhd- The company offers tower cranes that facilitate speedy completion by reducing fabrication site work, providing quicker lifts, and low downtime.
  • SANY Group- The company offers various products such as concrete machinery, excavators, cranes, piling machinery, road machinery, port machinery, wind turbine, mining machinery, and petroleum drilling machinery.

To gain access to more vendor profiles with their key offerings available with Technavio, Click Here

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Tower Crane Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.87%

Market growth 2022-2026

$1.06 billion

Market structure

Fragmented

YoY growth (%)

5.26

Regional analysis

APAC, North America, Europe, Middle East, Africa, and South America

Performing market contribution

APAC at 45%

Key consumer countries

US, China, Japan, Germany, and the UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Action Construction Equipment Ltd., Fangyuan Group Co. Ltd., FMGru Srl, Hyundai Everdigm Corp., Konecranes …

Full story available on Benzinga.com



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