Tower Crane: Leading Key Players Hits Future Growth

1. 3/13/24, 4:47 PM Tower Crane Market By Leading Key Players Hits at a CAGR of 4.8% Press release Tower Crane Market By Leading Key Players Hits at a CAGR of 4.8% by 2028 02-02-2024 12:52 PM CET | Industry, Real Estate & Construction Press release from: Allied Market Research Surge in urbanization, exceptional stability offered by tower cranes, and rise in investment on renewable energy development fuel the growth of the global tower crane market. However, rise in demand for prefabricated construction is expected to create lucrative opportunities in the industry. According to the report published by Allied Market Research, the global tower crane market was pegged at $6.68 billion in 2020 and is estimated to hit $9.90 billion by 2028, registering a CAGR of 4.8% from 2021 to 2028. Tower Crane Market The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends. Avail the Sample PDF @ https://www.alliedmarketresearch.com/request-sample/11680 Dynamics of the Market: Tower cranes are mostly ?xed and offer heavy lifting and handling operations on very high heights. These cranes constitute of a vertical mast and an operating jib or arm, along with other components including, a counter jib, an operating cabin, slewing unit, hoist winch, and a hook, which assists in lifting and maneuvering heavy materials and goods ef?ciently. Tower cranes are mostly widely utilized in the construction of buildings and other structures owing to high demand for material handling and transportation on high elevations. According to the application, the building construction industry is the largest contributor toward the growth in demand for tower cranes. The rapid urbanization and necessity of high-rise buildings, especially, to accommodate the surge in urban population is expected to drive the tower cranes market growth. Request for Customization @ https://www.alliedmarketresearch.com/request-for-customization/11680 Key Findings Of The Study: • By type, the ?at top segment dominated the tower crane market share in 2020. • By lifting capacity, the 6 to 10-ton segment is expected to generate high revenue, globally. • By application, the construction segment garnered major share of the tower crane market in 2020. • By region, Asia-Paci?c dominated the market in 2020. • By region, LAMEA is expected to witness a high growth rate during the forecast period. Top Players: The major players operating in the tower crane industry include Action Construction Equipment Ltd., ENG CRANES Srl, JASO Tower Cranes, Liebherr-International AG, Manitowoc Company, Inc., SANY Global, Sarens n.v./s.a., WOLFFKRAN International AG, and Zoomlion Heavy Industry Science & Technology Co., Ltd. Inquiry Before Buying @ https://www.alliedmarketresearch.com/purchase-enquiry/11680 Contact Us: United States 1209 Orange Street, Corporation Trust Center, Wilmington, New Castle, Delaware 19801 USA. Int'l: +1-503-894-6022 Toll Free: +1-800-792-5285 Fax: +1-800-792-5285 help@alliedmarketresearch.com https://www.openpr.com/news/3371040/tower-crane-market-by-leading-key-players-hits-at-a-cagr-of-4-8 1/2

2. 3/13/24, 4:47 PM Tower Crane Market By Leading Key Players Hits at a CAGR of 4.8% About us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, DE. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. This release was published on openPR. Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release. © 2004 - 2024 openPR. All rights reserved. https://www.openpr.com/news/3371040/tower-crane-market-by-leading-key-players-hits-at-a-cagr-of-4-8 2/2