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Tower Crane Market Share

Report ID: GMI3155
Published Date: Oct 2022
Report Format: PDF

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Tower Crane Market Share

Some of the leading companies in the tower crane industry are:

WOLFFKRAN International AG
Action Construction Equipment Limited
Favelle Favco Berhad
HanKook Tower Crane Co Ltd
Xuzhou Construction Machinery Group Co Ltd
(XCMG)
JASO Industrial Cranes
Jost Cranes
Liebherr Group
The Manitowoc Company Inc
Raimondi Cranes S.p.A
SANY GROUP
Terex Corporation
Yongmao Holdings Limited
Zhejiang Construction Machinery Group
Zoomlion Heavy Industry Science and Technology Co., Ltd

New product development and the diversification of portfolios are several of the business strategies employed by these firms.

For instance, in September 2022, Cargotec Corporation, a Finland-based manufacturer of cargo-handling machinery, introduced its new HIAB iQ.958 HiPro heavy loader crane incorporated with the advanced operating system SPACEevo. The crane’s design offers an improved lift-to-weight ratio and ensures enhanced productivity and performance.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of tower crane reached USD 4 billion in 2021 and is projected to record around 5% CAGR from 2022 to 2030.

The construction application segment is anticipated will capture over 50% share of the global tower crane industry share by 2030 due to the increasing number of large-scale infrastructure and smart city projects.

Asia Pacific industry is expected to witness 7% growth between 2022 and 2030 supported by rapid urbanization across India and China.

Linden Comansa, FMGru srl, Jost Cranes, Liebherr Group, HanKook Tower Crane Co., SANY GROUP, The Manitowoc Company, Inc, and Terex Corporation, are some of the leading companies in tower crane industry worldwide.