Tower Cranes Market by Lifting Capacity, Product, Design and Application 2019-2025: GMI
The North America tower crane market is developing at a rapid pace due to several ongoing & upcoming infrastructure development projects in the region along with the utilization of technically advanced machines across various industries, including utility, mining, etc., in the U.S.
SELBYVILLE, Del., June 6, 2019 (Newswire.com) - The growth of tower cranes market for the 6 to 20 metric tons lifting capacity segment is is set to expand at over 8% CAGR during 2019 to 2025. The growing requirement of heavy material handling & lifting operations across various industry verticals is supporting the demand for tower cranes. Construction of high-rise & multi-story buildings globally to cater to the increasing urban population is a major factor driving the industry's growth.
According to the report by GMI, the revenue of the tower cranes market will grow at 7% compound annual growth rate and the industry will cross USD 5.5 billion valuation by 2025. In volume, the market is growing 9% CAGR to exceed a total shipment of 40 thousand units in 2025. Endowed with a wide-ranging expanse of applications, the tower crane market has emerged as a lucrative investment avenue in the overall construction industry. The increasing number of infrastructure activities and the resultant deployment of equipment for heavy loads has popularized the component across various business verticals, leading to a major impact on tower crane industry statistics.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/3155
In the tower crane market, rental applications are growing rapidly due to the availability of technically advanced and low-priced machines across the globe. The industry is witnessing the emergence of several rental providers owing to the rising demand from construction & utility sectors globally. Increased focus on reducing the carbon footprint & pollution from general to complex construction activities in several countries is creating the need for new machines in the industry. Rental products are majorly deployed in government and general infrastructure projects by contractors due to a limited machine fleet owned by them. Equipment users are shifting towards rental options to save transportation & machine maintenance costs, further adding to the tower cranes market expansion.
The North America tower crane market is developing at a rapid pace due to several ongoing and upcoming infrastructure development projects in the region. The utilization of technically advanced machines across various industries, including utility, mining, etc., in the U.S. is adding up to the demand for these machines. Furthermore, high government and private investments in construction and infrastructure transformation activities are supporting industry growth. The U.S. is witnessing the emergence of several local and international rental providers, which have partnered with manufacturers to offer heavy-weight lifting machines.
The Asia Pacific tower cranes market will witness a CAGR of 9.5% up to 2025 driven by the several ongoing & upcoming infrastructures, commercial and residential projects in the region. The Indian market is witnessing the emergence of several manufacturer facilities and rental providers due to the low investment capabilities of customers.
Browse key industry insights spread across 300 pages with 427 market data tables & 26 figures & charts from the report, “Tower Crane Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/tower-crane-market
Regarded as the world’s second largest economy, China is focusing on important policy adjustments to ensure the nation advances on a sustainable growth path. The 13th Five Year Plan of the Chinese government has laid special emphasis on infrastructure development in the nation and fast-tracking of the ambitious ‘One Belt, One Road’ initiative. Under the plan, China aims to expand its high-speed rail network, construct new expressways, upgrade ports, and build new water conservation projects. In a nutshell, all of these projects would require massive deployment of construction equipment – a factor that would certainly benefit the commercial prospects of the tower cranes market in China.
Companies active in the tower cranes market like Terex Corporation, Manitowoc Cranes, XCMG Group, Liebherr Group, Zoomlion Heavy Industry, Action Construction Equipment Ltd, Favelle Favco, FMGru, Hankook Tower Crane, JASO Industrial Cranes, Jost Cranes, Linden Comansa, Raimondi Cranes S.p.A., Sany Group, Shandong Dahan Construction Machinery Co, Ltd., WOLFFKRAN International AG, Yongmao and Zhejiang Construction Machinery Group.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/3155
Browse Related Report:
1. Asia Pacific Construction Equipment Market Size By Demand (New Demand, Aftermarket), By Product (Earthmoving & Road Building Equipment [Backhoe, Excavator, Loader, Compaction Equipment], Material Handling & Cranes [Storage & Handling Equipment, Engineered Systems, Industrial Trucks, Bulk Material Handling Equipment], Concrete Equipment [Concrete Pump, Crusher, Transit Mixer, Asphalt Paver, Batching Plant]), By Sales Channel (Independent Dealers/Distributors, Direct Sales To Customers, Rental Companies, Online Channel), Industry Analysis Report, Regional Outlook (China, Hong Kong, Australia, New Zealand, India, South Korea, Japan, Indonesia, Malaysia, Thailand, Taiwan, Singapore, Philippines, Vietnam, Myanmar), Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025
https://www.gminsights.com/industry-analysis/asia-pacific-construction-equipment-market
2. South Korea Aerial Work Platform (AWP) Rental Market Size By Product (Boom Lift, Scissor Lift, Vertical Mast Lift, Personal Portable Lift), By Application (Construction, Telecommunication, Transportation & Logistics, Government), Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025
https://www.gminsights.com/industry-analysis/south-korea-aerial-work-platform-awp-rental-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Source: Global Market Insights, Inc.
