Tower Cranes Market: By Type (Self-erecting, Luffing Jib, Hammer Head, Flat Top), By Lifting Capacity (Less than 5 ton, 6 to 10 ton, More than 10 ton), By End User (Building Construction, Infrastructural Construction, Energy, Others) and Geography

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Tower Cranes Market size is valued at USD 6,798.3 million in 2022 and is poised to grow at a CAGR of 4.6% from 2023 to 2029. 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.

Tower Cranes Market Key Developments:

  • In February 2019, Terex Corporation has agreed to sell its Demag mobile cranes business to Tadano for approximately US$215 million.

Tower Cranes Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

4.6%

Largest Market

Asia Pacific

Fastest Growing Market

North America
Tower Cranes Market Dynamics

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.

Key Features of the Reports

  • The tower cranes market report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
  • The tower cranes market report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The tower cranes market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The tower cranes market report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The tower cranes market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Tower Cranes Market Segmentation

By Type
  • Self-erecting,
  • Luffing Jib,
  • Hammer Head,
  • Flat Top
By Lifting Capacity
  • Less than 5 ton,
  • 6 to 10 ton,
  • More than 10 ton
By End User
  • Building Construction,
  • Infrastructural Construction,
  • Energy,
  • Others

Frequently Asked Questions

The tower cranes market is projected to expand at a CAGR of 4.6% during the forecast period.

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

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, 2018 - 2022 and Forecast, 2023 - 2029
4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) 
5.1. Self-erecting
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) 
8.1. North America
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2023 - 2029
9. North America Tower Cranes Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) 
9.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029
9.6. North America Tower Cranes Market Dynamics - Trends
10. Europe Tower Cranes Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) 
10.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029
10.6. Europe Tower Cranes Market Dynamics - Trends
11. Asia-Pacific Tower Cranes Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) 
11.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029
11.6. Asia-Pacific Tower Cranes Market Dynamics - Trends
12. Latin America Tower Cranes Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) 
12.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029
12.6. Latin America Tower Cranes Market Dynamics - Trends
13. Middle East and Africa Tower Cranes Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) 
13.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029
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
  • 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

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