Global Tower Crane Market 2022-2026

Global Tower Crane Market 2022-2026

Technavio has been monitoring the tower crane market and it is poised to grow by $ 1.06 bn during 2022-2026 progressing at a CAGR of 5.87% during the forecast period. Our report on the tower crane market provides a holistic analysis, of market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for high-rise buildings, rising demand for tower cranes on rent, and developments in infrastructure.

The tower crane market analysis includes the end-user segment and geographic landscape.

Technavio's tower crane market is segmented as below:

By End-user

  • Infrastructure
  • Residential
  • Commercial
By Geographical Landscape
  • APAC
  • North America
  • Europe
  • The Middle East and Africa
  • South America
This study identifies the introduction of luffing jib tower cranes as one of the prime reasons driving the tower crane market growth during the next few years. Also, increasing demand for high-capacity tower cranes and growing demand for advanced and fuel-efficient tower cranes will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the tower crane market covers the following areas:
  • Tower crane market sizing
  • Tower crane market forecast
  • Tower crane market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading tower crane market vendors that include Action Construction Equipment Ltd., Fangyuan Group Co. Ltd., FMGru Srl, Hyundai Everdigm Corp., Konecranes Plc, Liebherr International AG, Linden Comansa S.L., Muhibbah Engineering (M) Bhd, Raimondi Cranes SpA, SANY Group, Shandong Dahan Construction Machinery Co. Ltd., Sichuan Construction Machinery Group Co. Ltd., Terex Corp., The Manitowoc Co. Inc., Toppower General Trading LLC, WOLFFKRAN International AG, Xuzhou Construction Machinery Group Co. Ltd., Yongmao Construction Machinery Co. Ltd., Zhejiang Huba Construction Machinery Co. Ltd., and Zoomlion Heavy Industry Science and Technology Co. Ltd. Also, the tower crane market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Companies Mentioned

Action Construction Equipment Ltd., Fangyuan Group Co. Ltd., FMGru srl, Hyundai Everdigm Corp., Konecranes Plc, Liebherr International AG, Linden Comansa S.L., Muhibbah Engineering (M) Bhd, Raimondi Cranes SpA, SANY Group, Shandong Dahan Construction Machinery Co. Ltd., Sichuan Construction Machinery Group Co. Ltd., Terex Corp., The Manitowoc Co. Inc., Toppower General Trading LLC, WOLFFKRAN International AG, Xuzhou Construction Machinery Group Co. Ltd., Yongmao Construction Machinery Co. Ltd., Zhejiang Huba Construction Machinery Co. Ltd., Zoomlion Heavy Industry Science and Technology Co. Ltd.


  • Executive Summary
    • Market overview
      • Table Executive Summary – Chart on Market Overview
      • Table Executive Summary – Data Table on Market Overview
      • Table Executive Summary – Chart on Global Market Characteristics
      • Table Executive Summary – Chart on Market by Geography
      • Table Executive Summary – Chart on Market Segmentation by End-user
      • Table Executive Summary – Chart on Incremental Growth
      • Table Executive Summary – Data Table on Incremental Growth
      • Table Executive Summary – Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2021
    • Market outlook: Forecast for 2021-2026
      • Table Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Table Data Table on Global Market: Year-over-year growth 2021-2026 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between2021 and 2026
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • Threat of new entrants
      • Table Threat of new entrants – Impact of key factors in 2021 and 2026
    • Threat of substitutes
      • Table Threat of substitutes – Impact of key factors in 2021 and 2026
    • Threat of rivalry
      • Table Threat of rivalry – Impact of key factors in 2021 and 2026
    • Market condition
      • Table Chart on Market condition - Five forces 2021 and 2026
  • Market Segmentation by End-user
    • Market segments
      • Table Chart on End-user - Market share 2021-2026 (%)
      • Table Data Table on End-user - Market share 2021-2026 (%)
    • Comparison by End-user
      • Table Chart on Comparison by End-user
      • Table Data Table on Comparison by End-user
    • Infrastructure - Market size and forecast 2021-2026
      • Table Chart on Infrastructure - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Infrastructure - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Infrastructure - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Infrastructure - Year-over-year growth 2021-2026 (%)
    • Residential - Market size and forecast 2021-2026
      • Table Chart on Residential - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Residential - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Residential - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Residential - Year-over-year growth 2021-2026 (%)
    • Commercial - Market size and forecast 2021-2026
      • Table Chart on Commercial - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Commercial - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Commercial - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Commercial - Year-over-year growth 2021-2026 (%)
    • Market opportunity by End-user
      • Table Market opportunity by End-user ($ million)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2021-2026 (%)
      • Table Data Table on Market share by geography 2021-2026 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • APAC - Market size and forecast 2021-2026
      • Table Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Table Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Table Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • North America - Market size and forecast 2021-2026
      • Table Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Table Chart on North America - Year-over-year growth 2021-2026 (%)
      • Table Data Table on North America - Year-over-year growth 2021-2026 (%)
    • Europe - Market size and forecast 2021-2026
      • Table Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • Middle East and Africa - Market size and forecast 2021- 2026
      • Table Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • South America - Market size and forecast 2021-2026
      • Table Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Table Chart on South America - Year-over-year growth 2021-2026 (%)
      • Table Data Table on South America - Year-over-year growth 2021-2026 (%)
    • US - Market size and forecast 2021-2026
      • Table Chart on US - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Table Chart on US - Year-over-year growth 2021-2026 (%)
      • Table Data Table on US - Year-over-year growth 2021-2026 (%)
    • China - Market size and forecast 2021-2026
      • Table Chart on China - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Table Chart on China - Year-over-year growth 2021-2026 (%)
      • Table Data Table on China - Year-over-year growth 2021-2026 (%)
    • Japan - Market size and forecast 2021-2026
      • Table Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • Germany - Market size and forecast 2021-2026
      • Table Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • UK - Market size and forecast 2021-2026
      • Table Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Table Chart on UK - Year-over-year growth 2021-2026 (%)
      • Table Data Table on UK - Year-over-year growth 2021-2026 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Increasing demand for high-rise buildings
      • Rising demand for tower cranes on rent
      • Developments in infrastructure
    • Market challenges
      • Extremely volatile construction industry
      • Lack of skilled manpower
      • Growing penetration of counterfeit tower cranes
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2021 and 2026
    • 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
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • Action Construction Equipment Ltd.
      • Table Action Construction Equipment Ltd. –Overview
      • Table Action Construction Equipment Ltd. - Business segments
      • Table Action Construction Equipment Ltd. - Key offerings
      • Table Action Construction Equipment Ltd. - Segment focus
    • Fangyuan Group Co. Ltd.
      • Table Fangyuan Group Co. Ltd. –Overview
      • Table Fangyuan Group Co. Ltd. - Business segments
      • Table Fangyuan Group Co. Ltd. - Key offerings
      • Table Fangyuan Group Co. Ltd. - Segment focus
    • Liebherr International AG
      • Table Liebherr International AG – Overview
      • Table Liebherr International AG - Product / Service
      • Table Liebherr International AG - Key news
      • Table Liebherr International AG - Key offerings
    • Muhibbah Engineering (M) Bhd
      • Table Muhibbah Engineering (M) Bhd – Overview
      • Table Muhibbah Engineering (M) Bhd - Business segments
      • Table Muhibbah Engineering (M) Bhd - Key offerings
      • Table Muhibbah Engineering (M) Bhd - Segment focus
    • Terex Corp.
      • Table Terex Corp. –Overview
      • Table Terex Corp. - Business segments
      • Table Terex Corp. - Key offerings
      • Table Terex Corp. - Segment focus
    • The Manitowoc Co. Inc.
      • Table The Manitowoc Co. Inc. –Overview
      • Table The Manitowoc Co. Inc. - Business segments
      • Table The Manitowoc Co. Inc. - Key news
      • Table The Manitowoc Co. Inc. - Key offerings
      • Table The Manitowoc Co. Inc. - Segment focus
    • WOLFFKRAN International AG
      • Table WOLFFKRAN International AG – Overview
      • Table WOLFFKRAN International AG - Business segments
      • Table WOLFFKRAN International AG - Key offerings
      • Table WOLFFKRAN International AG - Segment focus
    • Xuzhou Construction Machinery Group Co. Ltd.
      • Table Xuzhou Construction Machinery Group Co. Ltd. –Overview
      • Table Xuzhou Construction Machinery Group Co. Ltd. - Product / Service
      • Table Xuzhou Construction Machinery Group Co. Ltd. - Key offerings
    • Zhejiang Huba Construction Machinery Co. Ltd.
      • Table Zhejiang Huba Construction Machinery Co. Ltd. –Overview
      • Table Zhejiang Huba Construction Machinery Co. Ltd. - Business segments
      • Table Zhejiang Huba Construction Machinery Co. Ltd. - Key offerings
    • Zoomlion Heavy Industry Science and Technology Co. Ltd.
      • Table Zoomlion Heavy Industry Science and Technology Co. Ltd. –Overview
      • Table Zoomlion Heavy Industry Science and Technology Co. Ltd. - Business segments
      • Table Zoomlion Heavy Industry Science and Technology Co. Ltd. - Key news
      • Table Zoomlion Heavy Industry Science and Technology Co. Ltd. - Key offerings
      • Table Zoomlion Heavy Industry Science and Technology Co. Ltd. - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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