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Global Tower Crane Market 2018-2022

Global Tower Crane Market 2018-2022

About this market

With the rising adoption and preference for prefabricated prefurnished volumetric construction (PPVC), the demand for high-capacity tower cranes has increased considerably in the forthcoming years. Such a rising demand for this construction has encouraged the contractors to create high-capacity, versatile, and accurate tower cranes for lifting and placing heavy loads. Technavio’s analysts predict that the tower crane market will register a CAGR of more than 6% by 2022.Market Overview

Increasing demand for high-rise buildings

Factors including the rapid urbanization and growing global population are directly responsible for the growing demand for high-rise buildings. Consequently, as the high-rise buildings are growing, the demand for tower cranes is also likely to proliferate in the long run.

Lack of skilled manpower

The shortage of skilled manpower affects the speed, safety, and quality of construction projects. Such reluctance toward learning and operating upcoming technologies is expected to hinder the market’s growth in the forthcoming years.

For the detailed list of factors that will drive and challenge the growth of the tower crane market during the 2018-2022, view our report.

Competitive Landscape

The market has a moderately fragmented presence of tower crane manufacturers increasingly focusing on the integration of advanced technologies to improve their market positions. This will result the market to witness intense competition in the forthcoming years. The continuously increasing construction activities, especially from the developing countries will further encourage the market players to launch innovative product offerings.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Tower Crane Market 2018-2022

Technavio recognizes the following companies as the key players in the global tower crane market: FAVELLE FAVCO BERHAD, Liebherr Group, Manitowoc, Terex, and Zoomlion Heavy Industry Science&Technology.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the increasing demand for high-capacity tower cranes.”

According to the report, one of the major drivers for this market is the growing construction projects in both advanced and emerging economies encouraging the development of high-rise buildings.

Further, the report states that one of the major factors hindering the growth of this market is the presence of extremely volatile construction industry owing to the global financial crisis.

Companies Mentioned

FAVELLE FAVCO BERHAD

Liebherr Group

Manitowoc

Terex

Zoomlion Heavy Industry Science & Technology

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table Global crane market: Segments
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition: Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global tower crane market: Market size and forecast 2017-2022 ($ bn)
      • Table Global tower crane market: Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition: Five forces 2017
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by end-user
    • Segmentation by end-user
      • Table Segmentation by end-user: Market share 2017-2022 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Infrastructure sector - Market size and forecast 2017-2022
      • Table Infrastructure sector: Market size and forecast 2017-2022 ($ bn)
      • Table Infrastructure sector: Year-over-year growth 2018-2022 (%)
    • Residential sector - Market size and forecast 2017-2022
      • Table Residential sector: Market size and forecast 2017-2022 ($ bn)
      • Table Residential sector: Year-over-year growth 2018-2022 (%)
    • Commercial sector - Market size and forecast 2017-2022
      • Table Commercial sector: Market size and forecast 2017-2022 ($ bn)
      • Table Commercial sector: Year-over-year growth 2018-2022 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Regional landscape
    • Geographical segmentation
      • Table Segmentation by geography: Market share 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • APAC - Market size and forecast 2017-2022
      • Table Tower crane market in APAC: Market size and forecast 2017-2022 ($ bn)
      • Table Tower crane market in APAC: Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in APAC
    • EMEA - Market size and forecast 2017-2022
      • Table Tower crane market in EMEA: Market size and forecast 2017-2022 ($ bn)
      • Table Tower crane market in EMEA: Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in EMEA
    • Americas - Market size and forecast 2017-2022
      • Table Tower crane market in Americas: Market size and forecast 2017-2022 ($ bn)
      • Table Tower crane market in Americas: Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in Americas
    • Key Leading Countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision Framework
  • Drivers and challenges
    • Market drivers
      • Table Cranes used in infrastructure projects
    • Market challenges
  • Market trends
    • Introduction of luffing jib tower cranes
    • Increasing demand for high-capacity tower cranes
    • Growing demand for advanced and fuel-efficient tower cranes
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive landscape
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • FAVELLE FAVCO BERHAD
      • Table FAVELLE FAVCO BERHAD: Overview
      • Table FAVELLE FAVCO BERHAD: Product segments
      • Table FAVELLE FAVCO BERHAD: Organizational developments
      • Table FAVELLE FAVCO BERHAD: Geographic focus
      • Table FAVELLE FAVCO BERHAD: Key offerings
    • Liebherr Group
      • Table Liebherr Group: Overview
      • Table Liebherr Group: Business segments
      • Table Liebherr Group: Organizational developments
      • Table Liebherr Group: Geographic focus
      • Table Liebherr Group: Segment focus
      • Table Liebherr Group: Key offerings
    • Manitowoc
      • Table Manitowoc: Overview
      • Table Manitowoc: Product segments
      • Table Manitowoc: Organizational developments
      • Table Manitowoc: Geographic focus
      • Table Manitowoc: Key offerings
    • Terex
      • Table Terex: Overview
      • Table Terex: Business segments
      • Table Terex: Organizational developments
      • Table Terex: Geographic focus
      • Table Terex: Segment focus
      • Table Terex: Key offerings
    • Zoomlion Heavy Industry Science&Technology
      • Table Zoomlion Heavy Industry Science&Technology: Overview
      • Table Zoomlion Heavy Industry Science&Technology: Business segments
      • Table Zoomlion Heavy Industry Science&Technology: Organizational developments
      • Table Zoomlion Heavy Industry Science&Technology: Geographic focus
      • Table Zoomlion Heavy Industry Science&Technology: Segment focus
      • Table Zoomlion Heavy Industry Science&Technology: Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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