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Tower Crane Market 2019 Robust Expansion by Top Key Manufactures| Worldwide Overview With Regional Forecast By 2023

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Tower Crane Market Research Report 2019 published By Market Research Future, provides information on Global Tower Crane Industry Size, Share, Trends, Growth with Regional Analysis and Segmentation By Type (Flat Top, Hammerhead), Application (High Rise Building, Dam Building) and Region – Global Forecast 2023

— Global Tower Crane Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Country-level Analysis for Every Segment, Key Player's Market Share Analysis, Competitive Landscape and Supply Chain Analysis.

Market Synopsis

Tower cranes are stationary equipment used in lifting heavy components. It has the capacity of lifting nearly 20 tons and used for the construction of high rise building projects. The global tower crane market is projected to exhibit a 4.32% CAGR from 2018 to 2023 (forecast period) owing to the demand for residential buildings and apartments in urban areas. According to a report by the U.S. census bureau in 2016, the construction budget had increased by 6% which can bode well for the global market in the forthcoming years.

Investments in public infrastructure projects by China and India are likely to induce the need for tower cranes. Major policy rollouts such as the Real Estate (Regulation and Development) Act in 2016 in India which can further the development of cities and towns are anticipated to spur market growth over the forecast period.

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Segmentation:

By application, the tower crane market can be divided into dam building, bridge building, shipyard, power plant, and high rise building. With an expected climb from USD 7,103.9 million of 2018 to USD 7,518.9 million in 2023, high rise segment can expect the fastest CAGR of 4.81% during the forecast period. Second to hold considerable ground in the market is bridge building and its expected rise to USD 6,241.7 million can vouch for the segment.

By type, the tower crane market can be segmented into self-erecting, tower cranes, flat top tower cranes, hammerhead tower cranes and luffing jib tower cranes. Self-erecting ones have the largest market share of USD 7,041.6 million, and it could go up to USD 7,404.2 million by 2023 with a CAGR of 4.24% during the forecast period. However, luffing jib tower cranes, with 4.56% CAGR is going to register the fastest market growth and is expected to scale USD 5,277.5 million market valuation during the review period.

Regional Analysis:

Region-based profiling of the tower crane market includes North America, Asia Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).

With 40.64% of the global market share, the APAC is making significant progress. Its expected market valuation could go up to USD 9,196 million during the forecast period with the fastest CAGR of 4.58% during the forecast period. The region can attribute this growth to countries such as China and India, who, as emerging economies, are investing heavily in the construction sector and are basking in the profit.

North America assumes the second position with almost half the market size of the APAC region. Its projected market valuation can climb up to USD 4,938 million with a 4.18% CAGR during the forecast period. Heavy investment in the sector by private companies and access to superior technology are giving the regional market enough to cheer. Europe is following the same step and is assured of a near about 4.12% CAGR during the review period with a projected market valuation of USD 4,677.5 million. South America, on the other hand, can expect only a reasonable growth of 3.50% CAGR during the review period.

Competitive Landscape

Notable players in the tower crane market include Wolfkkran International AG (Switzerland), Yongmao Holdings Limited (Singapore), XCMG Group (China), Shandong Dahan Construction Machinery Co., Ltd. (China), Fangyuan Group Co. Ltd. (China), Guangxi Construction Engineering Group Ltd. (China), Zoomlion Heavy Industry Science & Technology Co., Ltd. (China), Zhejiang Construction Machinery Group Co., Ltd. (China), LIEBHERR (Switzerland), Manitowoc (U.S.), Favelle Favco BHD (Malaysia), Terex Corporation (U.S.), Sichuan Construction Machinery (Group) Co. (China), HKTC (Korea), and Shandong Huaxia Group Co., Ltd (China).

The report offers comprehensive profiles on these market players and assesses their current standing in the market. Company history coupled with annual turnover, profit margins, segmental share, SWOT analysis, growth strategies, expansion techniques, and latest R&D initiatives are discussed in minute detail.

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Research Methodology

At MRFR, our research analysts conduct a thorough objective analysis of the market while creating market reports by adhering to a rigorous set of standards which allow a truly comprehensive view of the market. Use of primary research strategies such as interviews with top executives of crane manufacturers. Secondary research entails a thorough analysis of past and present trends in a forward-looking manner.

In addition, market size estimation and validation use both top-down & bottom-up approaches to obtain data from the value and supply chain. The balanced number of buyers and suppliers will result in a negligible demand-supply gap. Credible resources are accessed and verified by analysts to understand the nuances of market factors with consistency. Competent data analysts use strong analytical tools to ascertain accurate analysis of very relevant parameters in an effort to provide clients with a conclusive and dependable view of the future.

Table of Contents

1 Executive Summary

2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.1 Market Structure

3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model

Continued......

List of Tables

Table 1 Market Synopsis
Table 2 List of Assumptions
Table 3 Annual Value of Construction, Us, 2010–2016 (Usd Million)
Table 4 Global Tower Crane Market, by Application, 2013-2017 (Usd Million)
Table 5 Global Tower Crane Market, by Application, 2018-2023 (Usd Million)
Table 6 Global Tower Crane Market, by Type, 2013-2017 (Usd Million)
Table 7 Global Tower Crane Market, by Type, 2018-2023 (Usd Million)

Continued........

List of Tables

Table 1 Market Synopsis
Table 2 List of Assumptions
Table 3 Annual Value of Construction, Us, 2010–2016 (Usd Million)
Table 4 Global Tower Crane Market, by Application, 2013-2017 (Usd Million)
Table 5 Global Tower Crane Market, by Application, 2018-2023 (Usd Million)
Table 6 Global Tower Crane Market, by Type, 2013-2017 (Usd Million)
Table 7 Global Tower Crane Market, by Type, 2018-2023 (Usd Million)

Continued........

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Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Address: Market Research Future, Office No. 524/528, Amanora Chambers, Magarpatta Road, Hadapsar, Pune -411028, Maharashtra, India
Phone: 6468459312
Website: https://www.marketresearchfuture.com/reports/tower-crane-market-4953

Source URL: https://marketersmedia.com/tower-crane-market-2019-robust-expansion-by-top-key-manufactures-worldwide-overview-with-regional-forecast-by-2023/506437

Source: MarketersMedia

Release ID: 506437

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