Zoomlion Heavy Industry Science & Technology Co., Ltd.
COMANSA
FAVELLE FAVCO BERHAD
Gruas Saez, S.L.
JASO Tower Cranes
Sany Group
Neremat Inc.
Skycrane
LIEBHERR
KSA
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The global tower crane market size is expected to reach USD 9.43 billion by 2034, according to a new study by Polaris Market Research. The report "Tower Crane Market Size, Share, Trends, Industry Analysis Report: By Product (Fast Erecting Cranes, Hammerhead Cranes, Luffing Jib Cranes, and Mobile Cranes), Capacity, Application, Design, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Tower cranes are essential equipment in the construction of high-rise buildings, bridges, and other large structures. The cranes offer solutions for lifting heavy materials, placing prefabricated components, and performing various other tasks in vertical construction projects. They are characterized by their height, versatility, and ability to lift substantial loads to significant heights, making them crucial for modern construction projects.
The rapid urbanization and infrastructure development in emerging economies have increased the demand for residential buildings, commercial complexes, and public infrastructure, all of which require the use of tower cranes. Furthermore, advancements in technology have led to the development of smarter, more efficient cranes, which has fueled the tower cranes market demand. The market witnessed various innovations such as automated control systems, remote monitoring, and load-sensing technologies, improving both performance and safety on construction sites. The need for precision and speed in construction projects has further propelled the adoption of tower cranes.
Tower Crane Market Report Highlights
In terms of product, the mobile cranes segment is expected to grow at a robust pace in the coming years owing to their mobility and ease of transportation, which make them ideal for projects requiring frequent relocation.
Based on application, the construction segment dominated the tower crane market share in 2024 due to the continuous demand for high-rise buildings, commercial complexes, and infrastructure development.
In the global market, Asia Pacific held the largest revenue share in 2024 due to intense mining activities in countries such as China, India, and Australia.
The North America tower crane market is expected to witness a considerable CAGR during the forecast period due to strong construction activity in countries such as the US and Canada.
The Asia Pacific tower crane market is expected to grow at the fastest pace during the forecast period owing to the rapid urbanization and industrialization in countries such as China, India, and Japan.
A few of the global key market players are Raimondi; Sichuan Construction Machinery Co., Ltd; Terex Corporation; The Manitowoc Company, Inc.; WOLFFKRAN International AG; XCMG Group; Zoomlion Heavy Industry Science & Technology Co., Ltd.; COMANSA; FAVELLE FAVCO BERHAD; Gruas Saez, S.L.; JASO Tower Cranes; Sany Group; Neremat Inc.; Skycrane; and LIEBHERR.
Polaris Market Research has segmented the tower crane market report on the basis of product, capacity, application, design, and region:
By Product Outlook (Revenue, USD Billion, 2020-2034)
Fast Erecting Cranes
Hammerhead Cranes
Luffing Jib Cranes
Mobile Cranes
By Capacity Outlook (Revenue, USD Billion, 2020-2034)
Below 5 Metric Tons
6 to 80 Metric Tons
Above 80 Metric Tons
By Application Outlook (Revenue, USD Billion, 2020-2034)
Construction
Mining
Others
By Design Outlook (Revenue, USD Billion, 2020-2034)
Top Slewing
Bottom Slewing
By Regional Outlook (Revenue, USD Billion, 2020-2034)
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Netherlands
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Malaysia
South Korea
Indonesia
Australia
Vietnam
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
Israel
South Africa
Rest of Middle East & Africa
Latin America
Mexico
Brazil
Argentina
Rest of Latin America
Table of Contents
1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Source
3.2.1. Primary Source
3.2.2. Secondary Source
4. Global Tower Crane Market Insights
4.1. Tower Crane Market - Market Snapshot
4.2. Tower Crane Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Growing Urbanization Worldwide
4.2.1.2. Rising Installation of Wind Turbines and Solar Panels Globally
4.2.2. Restraints and Challenges
4.2.2.1. High cost
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Tower Crane Market Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Tower Crane Market, by Product
5.1. Key Findings
5.2. Introduction
5.2.1. Global Tower Crane Market, by Product, 2020-2034 (USD Billion)
5.3. Fast Erecting Cranes
5.3.1. Global Tower Crane Market, by Fast Erecting Cranes, by Region, 2020-2034 (USD Billion)
5.4. Hammerhead Cranes
5.4.1. Global Tower Crane Market, by Hammerhead Cranes, by Region, 2020-2034 (USD Billion)
5.5. Luffing Jib Cranes
5.5.1. Global Tower Crane Market, by Luffing Jib Cranes, by Region, 2020-2034 (USD Billion)
5.6. Mobile Cranes
5.6.1. Global Tower Crane Market, by Mobile Cranes, by Region, 2020-2034 (USD Billion)
6. Global Tower Crane Market, by Capacity
6.1. Key Findings
6.2. Introduction
6.2.1. Global Tower Crane Market, by Capacity, 2020-2034 (USD Billion)
6.3. Below 5 Metric Tons
6.3.1. Global Tower Crane Market, by Below 5 Metric Tons, by Region, 2020-2034 (USD Billion)
6.4. 6 to 80 Metric Tons
6.4.1. Global Tower Crane Market, by 6 to 80 Metric Tons, by Region, 2020-2034 (USD Billion)
6.5. Above 80 Metric Tons
6.5.1. Global Tower Crane Market, by Above 80 Metric Tons, by Region, 2020-2034 (USD Billion)
7. Global Tower Crane Market, by Application
7.1. Key Findings
7.2. Introduction
7.2.1. Global Tower Crane Market, by Application, 2020-2034 (USD Billion)
7.3. Construction
7.3.1. Global Tower Crane Market, by Construction, by Region, 2020-2034 (USD Billion)
7.4. Mining
7.4.1. Global Tower Crane Market, by Mining, by Region, 2020-2034 (USD Billion)
7.5. Others
7.5.1. Global Tower Crane Market, by Others, by Region, 2020-2034 (USD Billion)
8. Global Tower Crane Market, by Design
8.1. Key Findings
8.2. Introduction
8.2.1. Global Tower Crane Market, by Design, 2020-2034 (USD Billion)
8.3. Top Slewing
8.3.1. Global Tower Crane Market, by Top Slewing, by Region, 2020-2034 (USD Billion)
8.4. Bottom Slewing
8.4.1. Global Tower Crane Market, by Bottom Slewing, by Region, 2020-2034 (USD Billion)
9. Global Tower Crane Market, by Geography
9.1. Key Findings
9.2. Introduction
9.2.1. Tower Crane Market Assessment, By Geography, 2020-2034 (USD Billion)
9.3. Tower Crane Market - North America
9.3.1. North America: Tower Crane Market, by Product, 2020-2034 (USD Billion)
9.3.2. North America: Tower Crane Market, by Capacity, 2020-2034 (USD Billion)
9.3.3. North America: Tower Crane Market, by Application, 2020-2034 (USD Billion)
9.3.4. North America: Tower Crane Market, by Design, 2020-2034 (USD Billion)
9.3.5. Tower Crane Market - US
9.3.5.1. US: Tower Crane Market, by Product, 2020-2034 (USD Billion)
9.3.5.2. US: Tower Crane Market, by Capacity, 2020-2034 (USD Billion)
9.3.5.3. US: Tower Crane Market, by Application, 2020-2034 (USD Billion)
9.3.5.4. US: Tower Crane Market, by Design, 2020-2034 (USD Billion)
9.3.6. Tower Crane Market - Canada
9.3.6.1. Canada: Tower Crane Market, by Product, 2020-2034 (USD Billion)
9.3.6.2. Canada: Tower Crane Market, by Capacity, 2020-2034 (USD Billion)
9.3.6.3. Canada: Tower Crane Market, by Application, 2020-2034 (USD Billion)
9.3.6.4. Canada: Tower Crane Market, by Design, 2020-2034 (USD Billion)
9.4. Tower Crane Market - Europe
9.4.1. Europe: Tower Crane Market, by Product, 2020-2034 (USD Billion)
9.4.2. Europe: Tower Crane Market, by Capacity, 2020-2034 (USD Billion)
9.4.3. Europe: Tower Crane Market, by Application, 2020-2034 (USD Billion)
9.4.4. Europe: Tower Crane Market, by Design, 2020-2034 (USD Billion)
9.4.5. Tower Crane Market - UK
9.4.5.1. UK: Tower Crane Market, by Product, 2020-2034 (USD Billion)
9.4.5.2. UK: Tower Crane Market, by Capacity, 2020-2034 (USD Billion)
9.4.5.3. UK: Tower Crane Market, by Application, 2020-2034 (USD Billion)
9.4.5.4. UK: Tower Crane Market, by Design, 2020-2034 (USD Billion)
9.4.6. Tower Crane Market - France
9.4.6.1. France: Tower Crane Market, by Product, 2020-2034 (USD Billion)
9.4.6.2. France: Tower Crane Market, by Capacity, 2020-2034 (USD Billion)
9.4.6.3. France: Tower Crane Market, by Application, 2020-2034 (USD Billion)
9.4.6.4. France: Tower Crane Market, by Design, 2020-2034 (USD Billion)
9.4.7. Tower Crane Market - Germany
9.4.7.1. Germany: Tower Crane Market, by Product, 2020-2034 (USD Billion)
9.4.7.2. Germany: Tower Crane Market, by Capacity, 2020-2034 (USD Billion)
9.4.7.3. Germany: Tower Crane Market, by Application, 2020-2034 (USD Billion)
9.4.7.4. Germany: Tower Crane Market, by Design, 2020-2034 (USD Billion)
9.4.8. Tower Crane Market - Italy
9.4.8.1. Italy: Tower Crane Market, by Product, 2020-2034 (USD Billion)
9.4.8.2. Italy: Tower Crane Market, by Capacity, 2020-2034 (USD Billion)
9.4.8.3. Italy: Tower Crane Market, by Application, 2020-2034 (USD Billion)
9.4.8.4. Italy: Tower Crane Market, by Design, 2020-2034 (USD Billion)
9.4.9. Tower Crane Market - Spain
9.4.9.1. Spain: Tower Crane Market, by Product, 2020-2034 (USD Billion)
9.4.9.2. Spain: Tower Crane Market, by Capacity, 2020-2034 (USD Billion)
9.4.9.3. Spain: Tower Crane Market, by Application, 2020-2034 (USD Billion)
9.4.9.4. Spain: Tower Crane Market, by Design, 2020-2034 (USD Billion)
9.4.10. Tower Crane Market - Netherlands
9.4.10.1. Netherlands: Tower Crane Market, by Product, 2020-2034 (USD Billion)
9.4.10.2. Netherlands: Tower Crane Market, by Capacity, 2020-2034 (USD Billion)
9.4.10.3. Netherlands: Tower Crane Market, by Application, 2020-2034 (USD Billion)
9.4.10.4. Netherlands: Tower Crane Market, by Design, 2020-2034 (USD Billion)
9.4.11. Tower Crane Market - Russia
9.4.11.1. Russia: Tower Crane Market, by Product, 2020-2034 (USD Billion)
9.4.11.2. Russia: Tower Crane Market, by Capacity, 2020-2034 (USD Billion)
9.4.11.3. Russia: Tower Crane Market, by Application, 2020-2034 (USD Billion)
9.4.11.4. Russia: Tower Crane Market, by Design, 2020-2034 (USD Billion)
9.4.12. Tower Crane Market - Rest of Europe
9.4.12.1. Rest of Europe: Tower Crane Market, by Product, 2020-2034 (USD Billion)
9.4.12.2. Rest of Europe: Tower Crane Market, by Capacity, 2020-2034 (USD Billion)
9.4.12.3. Rest of Europe: Tower Crane Market, by Application, 2020-2034 (USD Billion)
9.4.12.4. Rest of Europe: Tower Crane Market, by Design, 2020-2034 (USD Billion)
9.5. Tower Crane Market - Asia Pacific
9.5.1. Asia Pacific: Tower Crane Market, by Product, 2020-2034 (USD Billion)
9.5.2. Asia Pacific: Tower Crane Market, by Capacity, 2020-2034 (USD Billion)
9.5.3. Asia Pacific: Tower Crane Market, by Application, 2020-2034 (USD Billion)
9.5.4. Asia Pacific: Tower Crane Market, by Design, 2020-2034 (USD Billion)
9.5.5. Tower Crane Market - China
9.5.5.1. China: Tower Crane Market, by Product, 2020-2034 (USD Billion)
9.5.5.2. China: Tower Crane Market, by Capacity, 2020-2034 (USD Billion)
9.5.5.3. China: Tower Crane Market, by Application, 2020-2034 (USD Billion)
9.5.5.4. China: Tower Crane Market, by Design, 2020-2034 (USD Billion)
9.5.6. Tower Crane Market - India
9.5.6.1. India: Tower Crane Market, by Product, 2020-2034 (USD Billion)
9.5.6.2. India: Tower Crane Market, by Capacity, 2020-2034 (USD Billion)
9.5.6.3. India: Tower Crane Market, by Application, 2020-2034 (USD Billion)
9.5.6.4. India: Tower Crane Market, by Design, 2020-2034 (USD Billion)
9.5.7. Tower Crane Market - Malaysia
9.5.7.1. Malaysia: Tower Crane Market, by Product, 2020-2034 (USD Billion)
9.5.7.2. Malaysia: Tower Crane Market, by Capacity, 2020-2034 (USD Billion)
9.5.7.3. Malaysia: Tower Crane Market, by Application, 2020-2034 (USD Billion)
9.5.7.4. Malaysia: Tower Crane Market, by Design, 2020-2034 (USD Billion)
9.5.8. Tower Crane Market - Japan
9.5.8.1. Japan: Tower Crane Market, by Product, 2020-2034 (USD Billion)
9.5.8.2. Japan: Tower Crane Market, by Capacity, 2020-2034 (USD Billion)
9.5.8.3. Japan: Tower Crane Market, by Application, 2020-2034 (USD Billion)
9.5.8.4. Japan: Tower Crane Market, by Design, 2020-2034 (USD Billion)
9.5.9. Tower Crane Market - Indonesia
9.5.9.1. Indonesia: Tower Crane Market, by Product, 2020-2034 (USD Billion)
9.5.9.2. Indonesia: Tower Crane Market, by Capacity, 2020-2034 (USD Billion)
9.5.9.3. Indonesia: Tower Crane Market, by Application, 2020-2034 (USD Billion)
9.5.9.4. Indonesia: Tower Crane Market, by Design, 2020-2034 (USD Billion)
9.5.10. Tower Crane Market - South Korea
9.5.10.1. South Korea: Tower Crane Market, by Product, 2020-2034 (USD Billion)
9.5.10.2. South Korea: Tower Crane Market, by Capacity, 2020-2034 (USD Billion)
9.5.10.3. South Korea: Tower Crane Market, by Application, 2020-2034 (USD Billion)
9.5.10.4. South Korea: Tower Crane Market, by Design, 2020-2034 (USD Billion)
9.5.11. Tower Crane Market - Australia
9.5.11.1. Australia: Tower Crane Market, by Product, 2020-2034 (USD Billion)
9.5.11.2. Australia: Tower Crane Market, by Capacity, 2020-2034 (USD Billion)
9.5.11.3. Australia: Tower Crane Market, by Application, 2020-2034 (USD Billion)
9.5.11.4. Australia: Tower Crane Market, by Design, 2020-2034 (USD Billion)
9.5.12. Tower Crane Market - Rest of Asia Pacific
9.5.12.1. Rest of Asia Pacific: Tower Crane Market, by Product, 2020-2034 (USD Billion)
9.5.12.2. Rest of Asia Pacific: Tower Crane Market, by Capacity, 2020-2034 (USD Billion)
9.5.12.3. Rest of Asia Pacific: Tower Crane Market, by Application, 2020-2034 (USD Billion)
9.5.12.4. Rest of Asia Pacific: Tower Crane Market, by Design, 2020-2034 (USD Billion)
9.6. Tower Crane Market - Middle East & Africa
9.6.1. Middle East & Africa: Tower Crane Market, by Product, 2020-2034 (USD Billion)
9.6.2. Middle East & Africa: Tower Crane Market, by Capacity, 2020-2034 (USD Billion)
9.6.3. Middle East & Africa: Tower Crane Market, by Application, 2020-2034 (USD Billion)
9.6.4. Middle East & Africa: Tower Crane Market, by Design, 2020-2034 (USD Billion)
9.6.5. Tower Crane Market - Saudi Arabia
9.6.5.1. Saudi Arabia: Tower Crane Market, by Product, 2020-2034 (USD Billion)
9.6.5.2. Saudi Arabia: Tower Crane Market, by Capacity, 2020-2034 (USD Billion)
9.6.5.3. Saudi Arabia: Tower Crane Market, by Application, 2020-2034 (USD Billion)
9.6.5.4. Saudi Arabia: Tower Crane Market, by Design, 2020-2034 (USD Billion)
9.6.6. Tower Crane Market - UAE
9.6.6.1. UAE: Tower Crane Market, by Product, 2020-2034 (USD Billion)
9.6.6.2. UAE: Tower Crane Market, by Capacity, 2020-2034 (USD Billion)
9.6.6.3. UAE: Tower Crane Market, by Application, 2020-2034 (USD Billion)
9.6.6.4. UAE: Tower Crane Market, by Design, 2020-2034 (USD Billion)
9.6.7. Tower Crane Market - Israel
9.6.7.1. Israel: Tower Crane Market, by Product, 2020-2034 (USD Billion)
9.6.7.2. Israel: Tower Crane Market, by Capacity, 2020-2034 (USD Billion)
9.6.7.3. Israel: Tower Crane Market, by Application, 2020-2034 (USD Billion)
9.6.7.4. Israel: Tower Crane Market, by Design, 2020-2034 (USD Billion)
9.6.8. Tower Crane Market - South Africa
9.6.8.1. South Africa: Tower Crane Market, by Product, 2020-2034 (USD Billion)
9.6.8.2. South Africa: Tower Crane Market, by Capacity, 2020-2034 (USD Billion)
9.6.8.3. South Africa: Tower Crane Market, by Application, 2020-2034 (USD Billion)
9.6.8.4. South Africa: Tower Crane Market, by Design, 2020-2034 (USD Billion)
9.6.9. Tower Crane Market - Rest of Middle East & Africa
9.6.9.1. Rest of Middle East & Africa: Tower Crane Market, by Product, 2020-2034 (USD Billion)
9.6.9.2. Rest of Middle East & Africa: Tower Crane Market, by Capacity, 2020-2034 (USD Billion)
9.6.9.3. Rest of Middle East & Africa: Tower Crane Market, by Application, 2020-2034 (USD Billion)
9.6.9.4. Rest of Middle East & Africa: Tower Crane Market, by Design, 2020-2034 (USD Billion)
9.7. Tower Crane Market - Latin America
9.7.1. Latin America: Tower Crane Market, by Product, 2020-2034 (USD Billion)
9.7.2. Latin America: Tower Crane Market, by Capacity, 2020-2034 (USD Billion)
9.7.3. Latin America: Tower Crane Market, by Application, 2020-2034 (USD Billion)
9.7.4. Latin America: Tower Crane Market, by Design, 2020-2034 (USD Billion)
9.7.5. Tower Crane Market - Mexico
9.7.5.1. Mexico: Tower Crane Market, by Product, 2020-2034 (USD Billion)
9.7.5.2. Mexico: Tower Crane Market, by Capacity, 2020-2034 (USD Billion)
9.7.5.3. Mexico: Tower Crane Market, by Application, 2020-2034 (USD Billion)
9.7.5.4. Mexico: Tower Crane Market, by Design, 2020-2034 (USD Billion)
9.7.6. Tower Crane Market - Brazil
9.7.6.1. Brazil: Tower Crane Market, by Product, 2020-2034 (USD Billion)
9.7.6.2. Brazil: Tower Crane Market, by Capacity, 2020-2034 (USD Billion)
9.7.6.3. Brazil: Tower Crane Market, by Application, 2020-2034 (USD Billion)
9.7.6.4. Brazil: Tower Crane Market, by Design, 2020-2034 (USD Billion)
9.7.7. Tower Crane Market - Argentina
9.7.7.1. Argentina: Tower Crane Market, by Product, 2020-2034 (USD Billion)
9.7.7.2. Argentina: Tower Crane Market, by Capacity, 2020-2034 (USD Billion)
9.7.7.3. Argentina: Tower Crane Market, by Application, 2020-2034 (USD Billion)
9.7.7.4. Argentina: Tower Crane Market, by Design, 2020-2034 (USD Billion)
9.7.8. Tower Crane Market - Rest of Latin America
9.7.8.1. Rest of Latin America: Tower Crane Market, by Product, 2020-2034 (USD Billion)
9.7.8.2. Rest of Latin America: Tower Crane Market, by Capacity, 2020-2034 (USD Billion)
9.7.8.3. Rest of Latin America: Tower Crane Market, by Application, 2020-2034 (USD Billion)
9.7.8.4. Rest of Latin America: Tower Crane Market, by Design, 2020-2034 (USD Billion)