In this report, Planet Market Reports covers the present scenario with the base year being 2017 and the growth prospects of global Tower Crane market for 2018-2023.
A tower crane is a piece of equipment used to move or transport oversized objects. It is a stationary device, which means the base of the crane does move. A large, fixed tower supports a horizontal beam, or jib, which sits atop the tower to form an uneven letter “T.” A tower crane is often used in the construction industry to set steel beams and other large building components. It may also be used in the shipping or transportation industry to load and unload large freighters.
Tower Crane can be classified to Self-erecting Tower Cranes, Flat Top Tower Cranes, Hammerhead Tower Cranes and Luffing Jib Tower Cranes, and Self-erecting Tower Cranes is leading the growing market at present.
The key Consumers include AECOM, Gensler, Samoo and RTKL.
Over the next five years, Planet Market Reports projects that Tower Crane will register a 1.1% CAGR in terms of revenue, reach US$ 1520 million by 2023, from US$ 1430 million in 2017.
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This report presents a comprehensive overview, market shares, and growth opportunities of Tower Crane market by product type, application, key manufacturers and key regions.
To calculate the market size, Planet Market Reports considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Self-erecting Tower Cranes
Flat Top Tower Cranes
Hammerhead Tower Cranes
Luffing Jib Tower Cranes
Segmentation by application:
High Rise Buildings
This report also splits the market by region:
Middle East & Africa
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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
ZHEJIANG CONSTRUCTION MACHINERY
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
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