Tower Crane Market 2021-2025 By Regional Industry Growth & Forecast

The overall tower crane market, pertaining to increasing product demands, has been witnessing numerous technological advancements, including the integration of hydraulic systems or electric motors & internal combustion engines (ICEs). These advancements greatly increase the component’s efficiency and facilitate an enhanced level of productivity for end-use sectors.

Not to mention, the ICEs & electric motors also help in eliminating carbon emissions – a major factor to be considered, given the regulations that are currently enforced on the construction, utility & mining sectors. As on today, an increasing number of manufacturers & customers are focusing more on employing environmentally friendly practices to reduce the global pollution, which would open up new growth avenues for the overall tower crane industry.

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The rising construction & infrastructure upgradation projects & the deployment of heavy-load lifting equipment have been fueling tower crane market growth since the last few years. Tower cranes are renowned across the global construction sector for their ability to conveniently transport raw material to and from the construction site, significantly reducing the project’s overall development time. In fact, tower cranes have become so essential in construction that today they are a common fixture at any major construction site globally.

Eurostat & Euroconstruct have both attributed the recovery to factors such as strong economic growth, the state of public finances, rising household income and growing corporate profits. These factors, along with the simultaneous construction-output growth across 19 Euroconstruct nations, were responsible for the EU recording an overall peak growth 4.1% in 2017. In the years ahead, the regional construction sector is expected to record substantial gains bringing respite to the Europe tower crane market.

According to the World Economic Forum, construction is a massively proliferating industry in APAC with numerous economies in the region building their way to a more developed & interconnected future. From extensive redevelopment projects that aim to reinvigorate ageing transport-hubs to new schemes that are specifically designed to open up the region to the global market, nations across the APAC are investing in infrastructural development at an immense scale. This in consequence, would help APAC tower crane market chart out an extremely lucrative growth graph in the ensuing years.

On of the most prominent regional grounds for the APAC tower crane industry would be India. The country’s Prime Minister, Narendra Modi, in 2017 announced a drive to facilitate proper housing facilities to the nation’s population of 1.3 billion. Increasing income levels and the subsequent affordability are slated to release a trillion-dollar wave of investment across the nation’s housing sector over the coming years. The drive expects to construct more than 60 million new homes between 2018 & 2024, generating approximately 2 million new job opportunities on an annual basis.

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Some Point from Table of Contents:

Chapter 5. Tower Crane Market, By Design (Revenue & Shipment)

5.1. Key trends by design

5.2. Top slewing crane

5.2.1. Market estimates and forecast, 2015 – 2025

5.3. Bottom slewing crane

5.3.1. Market estimates and forecast, 2015 – 2025

Chapter 6. Tower Crane Market, By Lifting Capacity (Revenue & Shipment)

6.1. Key trends by lifting capacity

6.2. Below 5 Metric Tons

6.2.1. Market estimates and forecast, 2015 – 2025

6.3. 6 to 20 Metric Tons

6.3.1. Market estimates and forecast, 2015 – 2025

6.4. 21 to 50 Metric Tons

6.4.1. Market estimates and forecast, 2015 – 2025

6.5. 51 to 80 Metric Tons

6.5.1. Market estimates and forecast, 2015 – 2025

6.6. Above 80 Metric Tons

6.6.1. Market estimates and forecast, 2015 – 2025

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