Tower Cranes Market

Market Research Analysis Tower Cranes Market Research Report, Analysis, Key
Player and Forecast to 2023
Market Research Future published a half-cooked research report on Global Tower Crane Market
that contains the information from 2017 to 2023. Global tower crane market is expected to grow
with the CAGR of approximately 4.4% from 2017 to 2023.
Taste the market data and market information presented through more than 85 market data
tables and figures spread in 140 numbers of pages of the project report. Avail the in-depth
table of content TOC & market synopsis on “Global Tower Crane Market Information from
2017 to 2023"
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A crane is primarily used for lifting heavy loads and transporting them to other places. The tower
crane is the type of fixed crane. These cranes are operated from a fixed place and are used to carry
heavy loads. Tower Cranes are principally used in civil engineering construction works and in
heavy equipment manufacturing for material handling. Growing construction sector, across the
globe is driving the growth of the market. Additionally, technological innovation in crane models,
also have a positive impact on the growth of the market. However, the high maintenance cost and
high initial investment, may hamper the growth of the market.
Based on applications, the market has been segmented as oil & gas, construction, shipping & port
and others. Construction segment accounted for the largest market share. Oil & gas sector is
expected to contribute significantly during the forecast period. Cranes are used in oil & gas sector
for loading and unloading of articles such as drill pipes, and containers.
Hence, global tower cranes market is expected to grow at a CAGR of 4.4% during the forecast
period.
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Asia Pacific region dominates the global Tower Crane market
Geographically, the global tower crane market has been divided into four major regions, of North
America, Europe, Asia Pacific and Rest of the World. Asia Pacific, of all the regions, has
accounted for the largest market share, in 2016, followed by Europe and North America. Asia
Pacific is expected to grow at the highest CAGR during the forecast period. Increase in
construction activities in countries such as China, Japan, India, and Indonesia in Asia Pacific
region, is majorly fuels the growth of the market. Additionally, increase in industrialization, rising
urbanized population, and growth in spending capacity are the factors pouring the growth in the
market in Asia Pacific region. China is one of the leading markets in the Asia Pacific region. The
Chinese Government issued several favorable policies for lowering the proportion of down
payment for second house loans and exempting of sales tax for ordinary housing. This helped the
recovery of commercial housing market. This will have a positive influence on the growth of the
market.
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 Liebherr Group (Switzerland)
 The Manitowoc Company, Inc. (U.S.)
 Terex Corporation (U.S.)
 Action Construction Equipment Ltd (India)
 ABUS Kransysteme GmbH (Germany)
 Shandong Dahan Construction Machinery Co.,Ltd (China)
 Zoomlion Heavy Industry Science&Technology Co., Ltd. (China)
 Manitex International Inc. (U.S.)
 Sany Group (China)
 Wolffkran Inc. (U.S.)
 Morrow Equipment Company (U.S.)
 Krøll Cranes A/S (Denmark)
This research report provides insights, on various levels of analysis such as industry analysis, and
market share analysis for the leading players along with their profiles. It also helps in studying the
target segments by providing views on emerging & high-growth segments. The market data
comprises the basic assessment of the competitive scenarios & strategies in the global construction
lift market, including high-growth regions and/or countries, and political, & economic
environments. The project report, further, provides views on both the historical market values and
pricing & cost analysis.
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Global Tower Crane Market Information: by Type (Flat Top, Hammerhead), Application (High Rise Building, Dam Building) and Region – Global Forecast Till 2023

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