Tower Cranes Market 2025 Research Report By Application (High Rise Building, Dam Building), By Type (Flat Top, Hammerhead), and by Region- Global Forecast to 2034
May-2025 Formats | PDF | Category: Automotive | Delivery: 24 to 72 Hours
“The Tower Cranes Market is expected to expand from 7.48 Billion in 2025 to $ 11.89 Billion in 2034, with a compound annual growth rate of 4.79% “
Tower Cranes Market: Overview and Growth in the Upcoming Year
The increase in construction projects worldwide in recent years has led to a significant growth in the tower crane market. The market is fiercely competitive, and a small number of powerful companies control the majority of the sector. Urbanisation, infrastructure development, and technological advancements have all contributed to the need for tower cranes, which has led to a steady increase in sales and revenue.
One of the main factors driving the tower crane market is the growing use of technologically advanced cranes with enhanced automation and safety features. Manufacturers are focusing on developing advanced crane models that are more productive, have higher lifting capacities, and have less of an impact on the environment. These advancements are attracting new customers and growing the market as a whole.
In the upcoming year, the tower crane market is expected to continue expanding. The demand for tower cranes is predicted to increase further because there are no indications that the construction sector will slow down. As governments support infrastructure development projects to support economic expansion, it is projected that emerging economies in regions like Asia-Pacific and Latin America will drive significant growth.
The renovation and retrofitting of older buildings is another factor driving the demand for tower cranes. As older structures are being renovated to meet modern safety and environmental regulations, specialised cranes capable of performing complex lifting tasks are becoming increasingly important. It is projected that this trend will create new opportunities for manufacturers and suppliers and manufacturers of cranes.
For Insights Consultancy’s latest market intelligence study, “Global Tower Cranes Market 2025, Growth Opportunities, and Forecast,” provides a comprehensive analysis of the Food industry. The report includes demand analysis, industry insights, competition intelligence, and a customer database. It also offers strategic insights into future trends, growth determinants, supplier landscape, demand landscape, CAGR, and pricing analysis. The study also includes Porter’s Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4 Ps’ Analysis, Market Attractiveness Analysis, BPS Analysis, and Ecosystem Analysis.
*Note: Sample of the report provides details on the scope and coverage, table of contents, research methodology, and Sample Framework of the report. Actual report of 110+ is available for purchase to all the interested stakeholders.
Top Companies Covered In This Report:
- Sany Heavy Industry Co. Ltd
- Terex Corporation
- Action Construction Equipment Limited
- Wolfkran Holding AG
- Comansa
- Yongmao Holdings Limited
- Xuzhou Construction Machinery Group Co. Ltd
- Zoomlion Heavy Industry Science & Technology Co. Ltd
- Liebherr International AG
- The Manitowoc Company Inc
Industry News
Jan 24, 2025 China’s Sany Heavy is considering stake sale in India business
Chinese construction-machinery maker Sany Heavy Industry Co. is considering selling a stake in its India business, according to people familiar with the matter.
April 2025, Manitowoc launched Igo T 139 in North America. Igo T 139 is a self-erecting crane designed for operating in high buildings in the U.S. and Canada.
19-03-2024 Comansa presents its most recent model of luffing crane, the CML800, in China
Detailed Segmentation and Classification of the report (Market Size and Forecast – 2034, Y-o-Y growth rate, and CAGR):
Segment By Application
- High Rise Building
- Dam Building
Segment By Type
- Flat Top
- Hammerhead
Regional Deep-dive Analysis:
North America
United States
The US has been a major player in the tower crane industry due to increasing urbanisation and infrastructure development initiatives. Due to the growth of the building industry in cities like New York, Chicago, and Los Angeles, the demand for tower cranes has been steadily rising. The use of environmentally friendly cranes and the application of cutting-edge technologies have also further stimulated the US market.
Canada
In Canada, the need for tower cranes has also grown, especially in cities like Toronto, Vancouver, and Montreal. The government’s focus on infrastructure investment and sustainable development has led to market growth. The use of tower cranes in sectors like mining, oil and gas, and residential construction has also fueled the Canadian market.
Asia-Pacific
China
China dominates the tower crane market in Asia-Pacific. The country’s growing urbanisation and infrastructure development have led to a high demand for tower cranes and other construction equipment. The country’s construction industry is also being driven by government initiatives like the Belt and Road Initiative, which is raising demand for tower cranes.
India
India is a significant tower crane market in the Asia-Pacific region. The country’s construction industry is growing rapidly as a result of increased investment in infrastructure projects. Tower crane manufacturers are expanding their operations in India in order to satisfy the rising demand. The government’s focus on initiatives like the Make in India and Smart Cities Mission is boosting the construction industry and creating opportunities for tower crane suppliers.
Japan
Japan has a well-established construction sector with high standards for technology and safety. Japanese tower crane producers are well known for their innovative designs and high-quality products. The country’s stringent safety regulations and emphasis on efficient construction methods make it a desirable market for tower crane suppliers. Because of continuous infrastructure investments and urban redevelopment projects, tower crane demand in Japan is expected to remain high.
South Korea
South Korea is a significant tower crane market in the Asia-Pacific region. Due to the nation’s growing construction industry, which is being supported by investments from the public and private sectors, tower cranes are always in demand. In order to meet the diverse needs of South Korea’s construction industry, tower crane manufacturers from both domestic and international markets are competing for innovative solutions. Automation and digital technology are also having an impact on future developments in the country’s tower crane industry.
Europe
Germany
Germany is one of the biggest tower crane markets in Europe. The country’s booming economy and infrastructure development projects are driving up demand for tower cranes. The boom in construction in major cities like Frankfurt, Munich, and Berlin has led to an increase in the use of tower cranes. Businesses like Liebherr and Terex are well-known in the German market and offer a wide range of tower crane models to suit different project requirements.
France
France is another sizable European market for tower cranes. The country’s focus on sustainable urban development and renovation projects in cities like Paris and Lyon is driving up demand for tower cranes. Well-known manufacturers with a strong presence in the French market, such as Potain and Wolffkran, provide state-of-the-art tower crane solutions that can be tailored to the evolving needs of the construction industry.
United Kingdom
Due to ongoing infrastructure projects like HS2 and Crossrail, the UK is a major player in the European tower crane market. High-rise construction projects in major cities like Manchester and London are driving the need for tower cranes, and the UK market offers a wide range of tower crane options for various construction applications because of the presence of well-known manufacturers like Linden Comansa and Jaso.
Middle East and Africa
Saudi Arabia
In Saudi Arabia, where more construction projects are being undertaken in cities like Riyadh and Jeddah, tower cranes are in high demand. The government’s Vision 2030 plan, which has led to a boom in infrastructure construction, is driving the nation’s need for tower cranes. Leading firms in the sector, such as Liebherr and Manitowoc, have been actively involved in providing cutting-edge crane technology to meet the growing needs of the Saudi construction sector.
UAE
In the United Arab Emirates, tower cranes are also in high demand, particularly in cities like Dubai and Abu Dhabi. The nation’s ambitious urban development projects, such as the construction of mega-malls and skyscrapers and the Expo 2020 site, have raised demand for tower cranes. Companies like Potain and Terex that offer a range of tower crane solutions to satisfy the different needs of the construction industry have had a big influence on the UAE market.
Africa
South Africa
South Africa is now one of the continent’s largest markets for tower cranes due to the explosion of construction projects in cities like Johannesburg and Cape Town. The country’s focus on constructing infrastructure, including stadiums, bridges, and road networks, has raised demand for tower cranes. Leading businesses in the sector, such as Zoomlion and Sany, have been actively providing state-of-the-art crane solutions to support construction projects in South Africa.
Nigeria
Due to the growing industrialisation and urbanisation of cities like Lagos and Abuja, Nigeria is another significant African market for tower cranes. Government spending on commercial buildings, housing developments, and transportation infrastructure has led to an increase in the country’s demand for tower cranes. great-quality tower cranes have been in great demand to suit Nigeria’s construction needs thanks to companies like XCMG and Tadano.
The research provides answers to the following key questions:
- What is the expected growth rate of the Tower Cranes Market from 2025-2034?
- What are the key driving forces shaping the market during the forecast period?
- Who are the major market vendors and what winning strategies have helped them occupy a strong foothold in the Tower Cranes Market?
- What are the prominent market trends influencing the market’s development?
Key insights provided by the report that could help you take critical strategic decisions?
- Regional reports analyse product/service consumption and market factors in each region.
- Reports highlight possibilities and dangers for suppliers in the Tower Cranes Market business globally.
- The report identifies regions and sectors with the highest growth potential.
- It provides a competitive market ranking of major companies, as well as information on new product launches, partnerships, business expansions, and acquisitions.
- The report includes a comprehensive corporate profile with company overviews, insights, product benchmarks, and SWOT analysis for key market participants.
Customization: We can provide following things
1) On request more company profiles (competitors)
2) Data about particular country or region
3) We will incorporate the same with no additional cost (Post conducting feasibility).
Any Requirement Contact us: https://www.forinsightsconsultancy.com/contact-us/
Table of Contents
For TOC Contact us: https://www.forinsightsconsultancy.com/contact-us/
