Tower Cranes Market: By Type, By Lifting Capacity, By End User and Region Forecast 2020-2031
Tower Cranes Market: By Type, By Lifting Capacity, By End User and Region Forecast 2020-2031
Report ID:52606
Published Date:Apr 2023
No of Pages:
Format:
Tower Cranes Market size is valued at US$ 6,798.3 million in 2023 and is poised to grow at a CAGR of 4.6% from 2024 to 2030. The global market provides a detailed overview and that can be segmented by type, Treatment, Power, and End-user. By type, the Tower Cranes market has been segmented into Self-erecting, Luffing Jib, Hammer Head, and Flat Top. The Self-erecting segment is likely to be the largest and fastest-growing segment in terms of type. Based on lifting capacity tower cranes market is segmented into Less than 5 tons, 6 to 10 tons, and more than 10 tons. Among these, the Less than 5-ton segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on end-user, the tower cranes market is segmented into Building Construction, Infrastructural Construction, Energy, Others. The building construction segment accounts for the largest share in 2021. Infrastructural Construction is the second-largest share during the forecast period 2021-2028 according to Precision Business Insights.
Study Period
2025-2031Base Year
2024CAGR
4.6%Largest Market
Asia-PacificFastest Growing Market
North-America
Increasing applications of tower crane on construction sites across the globe. These cranes have applications across diverse sectors, including building & construction, civic infrastructure, marine & seaports, mining, and others. Considering this, expansion of construction and civic utility activities will create scope for application, encouraging growth in the coming years.
By region, the North America market is expected to witness the highest market share during the forecast period.
Latin America
Europe
Asia Pacific
Middle East
North America
|
Report Benchmarks |
Details |
|
Report Study Period |
2025-2031 |
|
Market Size in 2023 |
US$ 6,798.3 million |
|
Market CAGR |
4.6% |
|
By Type |
|
|
By Lifting Capacity |
|
|
By End User |
|
Download Free Sample Report
The global tower cranes market size was valued at US$ 6,798.3 million in 2023 and is projected to grow at a CAGR of 4.6% from 2024 to 2030.
The major players in the global tower cranes market are Action Construction Equipment Ltd., ENG CRANES Srl, JASO Tower Cranes, Banker Steel Company, Allegiance Crane & Equipment, Liebherr-International AG, Manitowoc Company, Inc., SANY Global, Sarens n.v./s.a., Terex Corporation, XCMG
North America is the fastest-growing region for tower cranes market
Content Updated Date: Feb 2025
| 1. Executive Summary |
| 2. Global Tower Cranes Market Introduction |
| 2.1. Global Tower Cranes Market - Taxonomy |
| 2.2. Global Tower Cranes Market -Definitions |
| 2.2.1. By Type |
| 2.2.2. By Lifting Capacity |
| 2.2.3. By End User |
| 2.2.4. By Region |
| 3. Global Tower Cranes Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Tower Cranes Market Dynamic Factors - Impact Analysis |
| 3.6. Global Tower Cranes Market - Competition Landscape |
| 4. Global Tower Cranes Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 |
| 4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Tower Cranes Market, By Type, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 5.1. Self-erecting |
| 5.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Luffing Jib |
| 5.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Hammer Head |
| 5.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Flat Top |
| 5.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6. Global Tower Cranes Market, By Lifting Capacity, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 6.1. Less than 5 ton |
| 6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. 6 to 10 ton |
| 6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. More than 10 ton |
| 6.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7. Global Tower Cranes Market Forecast, By End User, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 7.1. Building Construction |
| 7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Infrastructural Construction |
| 7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Energy |
| 7.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Others |
| 7.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 8. Global Tower Cranes Market Forecast, By Region, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia-Pacific |
| 8.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Latin America |
| 8.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Middle East and Africa |
| 8.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Global Tower Cranes Market - Opportunity Analysis Index, By Type, By Lifting Capacity, By End User and Region, 2024 - 2030 |
| 9. North America Tower Cranes Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 9.1. Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Self-erecting |
| 9.1.2. Luffing Jib |
| 9.1.3. Hammer Head |
| 9.1.4. Flat Top |
| 9.2. Lifting Capacity Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. Less than 5 ton |
| 9.2.2. 6 to 10 ton |
| 9.2.3. More than 10 ton |
| 9.3. End User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1. Building Construction |
| 9.3.2. Infrastructural Construction |
| 9.3.3. Energy |
| 9.3.4. Others |
| 9.4. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.4.1. USA |
| 9.4.2. Canada |
| 9.5. North America Tower Cranes Market - Opportunity Analysis Index, By Type, By Lifting Capacity, By End User and Country, 2024 - 2030 |
| 9.6. North America Tower Cranes Market Dynamics - Trends |
| 10. Europe Tower Cranes Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 10.1. Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Self-erecting |
| 10.1.2. Luffing Jib |
| 10.1.3. Hammer Head |
| 10.1.4. Flat Top |
| 10.2. Lifting Capacity Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Less than 5 ton |
| 10.2.2. 6 to 10 ton |
| 10.2.3. More than 10 ton |
| 10.3. End User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1. Building Construction |
| 10.3.2. Infrastructural Construction |
| 10.3.3. Energy |
| 10.3.4. Others |
| 10.4. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Germany |
| 10.4.2. UK |
| 10.4.3. France |
| 10.4.4. Spain |
| 10.4.5. Italy |
| 10.4.6. Russia |
| 10.4.7. Rest of Europe |
| 10.5. Europe Tower Cranes Market - Opportunity Analysis Index, By Type, By Lifting Capacity, By End User and Country, 2024 - 2030 |
| 10.6. Europe Tower Cranes Market Dynamics - Trends |
| 11. Asia-Pacific Tower Cranes Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 11.1. Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Self-erecting |
| 11.1.2. Luffing Jib |
| 11.1.3. Hammer Head |
| 11.1.4. Flat Top |
| 11.2. Lifting Capacity Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Less than 5 ton |
| 11.2.2. 6 to 10 ton |
| 11.2.3. More than 10 ton |
| 11.3. End User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1. Building Construction |
| 11.3.2. Infrastructural Construction |
| 11.3.3. Energy |
| 11.3.4. Others |
| 11.4. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. China |
| 11.4.2. India |
| 11.4.3. Japan |
| 11.4.4. ASEAN |
| 11.4.5. Australia & New Zealand |
| 11.4.6. Rest of Asia-Pacific |
| 11.5. Asia-Pacific Tower Cranes Market - Opportunity Analysis Index, By Type, By Lifting Capacity, By End User and Country, 2024 - 2030 |
| 11.6. Asia-Pacific Tower Cranes Market Dynamics - Trends |
| 12. Latin America Tower Cranes Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 12.1. Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Self-erecting |
| 12.1.2. Luffing Jib |
| 12.1.3. Hammer Head |
| 12.1.4. Flat Top |
| 12.2. Lifting Capacity Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Less than 5 ton |
| 12.2.2. 6 to 10 ton |
| 12.2.3. More than 10 ton |
| 12.3. End User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1. Building Construction |
| 12.3.2. Infrastructural Construction |
| 12.3.3. Energy |
| 12.3.4. Others |
| 12.4. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Brazil |
| 12.4.2. Mexico |
| 12.4.3. Argentina |
| 12.4.4. Rest of Latin America |
| 12.5. Latin America Tower Cranes Market - Opportunity Analysis Index, By Type, By Lifting Capacity, By End User and Country, 2024 - 2030 |
| 12.6. Latin America Tower Cranes Market Dynamics - Trends |
| 13. Middle East and Africa Tower Cranes Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 13.1. Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Self-erecting |
| 13.1.2. Luffing Jib |
| 13.1.3. Hammer Head |
| 13.1.4. Flat Top |
| 13.2. Lifting Capacity Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1. Less than 5 ton |
| 13.2.2. 6 to 10 ton |
| 13.2.3. More than 10 ton |
| 13.3. End User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1. Building Construction |
| 13.3.2. Infrastructural Construction |
| 13.3.3. Energy |
| 13.3.4. Others |
| 13.4. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Gulf Cooperation Council (GCC) Countries |
| 13.4.2. Israel |
| 13.4.3. South Africa |
| 13.4.4. Rest of MEA |
| 13.5. MEA Tower Cranes Market - Opportunity Analysis Index, By Type, By Lifting Capacity, By End User and Country, 2024 - 2030 |
| 13.6. MEA Tower Cranes Market Dynamics - Trends |
| 14. Competition Landscape |
| 14.1. Strategic Dashboard of Top Market Players |
| 14.2. Company Profiles (Introduction, Financial Analysis, Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 14.2.1. Action Construction Equipment Ltd. |
| 14.2.2. ENG CRANES Srl |
| 14.2.3. JASO Tower Cranes |
| 14.2.4. Banker Steel Company |
| 14.2.5. Allegiance Crane & Equipment |
| 14.2.6. Liebherr-International AG |
| 14.2.7. Manitowoc Company, Inc. |
| 14.2.8. SANY Global |
| 14.2.9. Sarens n.v./s.a. |
| 14.2.10. Terex Corporation |
| 14.2.11. XCMG |
| 15. Research Methodology |
| 16. Key Assumptions and Acronyms |
Key Market Players
Download Sample
