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Tower Crane Market Analysis By Types, New Technologies, Applications, New Opportunities After COVID-19 and Forecast 2029
Global Tower Crane Market was valued at US$ 5.32 Bn. in 2021 and expected to grow at a CAGR of 8.2% during the forecast period (2022-2029)
Tower Crane Market Overview:
The report analyses the global Tower Crane market in depth, accurately, and comprehensively, with a focus on market dynamics, market competition, regional growth, segmental analysis, and important growth plans. The analysis contains information on market growth as well as market segmentation like regions, product type, application, and end-use industry. Experts create comprehensive and precise marketing research reports using the most up-to-date Tower Crane Market research techniques and technology. This analysis covers a wide range of industry verticals as well as a thorough examination of the Tower Crane market size and share.
Market Scope:
The report covers depth analysis of demand projections, market trends, and micro and macro variables. This research also identifies the factors that are driving and restricting the market's growth. The research's MMR Matrix provides existing and new market participants with information on potential investment opportunities. The research uses analytical methodologies such as Porter's five forces analysis and PESTLE of the Tower Crane market to provide market insights. In addition, the research examines current market trends as well as forecasts for the years 2021-2029. The analysis also identified key upcoming developments that will influence demand over the forecasted period.
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Dynamics :
Global population growth, urbanisation, and public infrastructure projects like dams, bridges, power plants, etc. are all on the rise. Construction activities like apartment building, maritime and seaport operations, mining, etc. are producing a great demand for tower cranes due to their stability and ease of lifting overweight when compared to the conventional approach. The "National Buildings Construction Corporation" (NBCC) India planned to renovate three government projects in 2020 for a total of 32,000 crores, and over the following seven years, India alone will require almost US$ 7 trillion. A very substantial market for tower crane equipment is anticipated to be created by this need.
Segmentation:
Markets for flat-top and hammer-head tower cranes are divided globally. With a market value of US$ 9.2 million in 2021, the flat-top tower sector dominated the entire world. The head and cab of flat-top cranes can be moved. Their excellent design prevents stress on the jib, and they are quick, safe, considerably easier to erect, less expensive, and simple to put together. These elements draw the worldwide market more and more.
- Global Tower Crane Market: Research Methodology
- Global Tower Crane Market: Executive Summary
- Market Overview and Definitions
- Introduction to Global Tower Crane Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Tower Crane Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Global Tower Crane Market Segmentation
- Global Tower Crane Market, by Product (2021-2029)
- Global Tower Crane Market, by Lifting capacity (2021-2029)
- Global Tower Crane Market, by End-User (2021-2029)
- Regional Tower Crane Market(2021-2029)
- Regional Tower Crane Market, by Product (2021-2029)
- Regional Tower Crane Market, by Lifting capacity (2021-2029)
- Regional Tower Crane Market, by End-User (2021-2029)
- Regional Tower Crane Market, by Country (2021-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
Key Players:
To identify the market's leaders and predict market revenue, both primary and secondary research are performed. CEOs, marketing executives, and seasoned front-line employees are just a few of the influential thought leaders and subject matter experts who are included in the main study's in-depth interviews. As part of the primary research, extensive interviews with important thought leaders and business professionals, such as CEOs, marketing executives, and seasoned front-line staff, were conducted. As part of the secondary research, a review of the annual and financial reports of the major manufacturers was also done. Secondary data is employed to calculate percentage splits, market shares, growth rates, and global market breakdowns. The results of these calculations are then compared to primary data. The = market is dominated by the following businesses:
- • XCMG Group
• Shandong Huaxia Group Co Ltd
• Shandong Dahan Construction Machinery Co
• Manitowoc
• Yongmao Holdings Limited
• LIEBHERR
• HKTC
• Favelle Favco BHD
• Guangxi Construction Engineering Group Ltd
• Sichuan Construction Machinery Co
• Zhejiang Construction Machinery Group Co., Ltd.
• Zoomlion Heavy Industry Science & Technology Co., Ltd
• Wolffkran International
• Terex Corporation
• Fangyuan Group Co. Ltd
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Regional Analysis:
The regional overview of market research for Tower Crane also discusses key market-influencing elements and legal developments that have an impact on current and future market trends. Current and upcoming trends are investigated in order to evaluate the whole market potential and find lucrative patterns in order to establish a better footing. The basis for evaluating the regional market is the current environment and expected trends.
COVID-19 Impact Analysis on Tower Crane Market:
Owing to a halt in operations, the growth of end-user industries using Tower Crane decreased from January 2020 to May 2020. These countries included Spain, France, Italy, China, the United States, the United Kingdom, and Spain. As a result, the market for Tower Crane manufacturers as well as the profits of companies operating in these industries both experienced a sharp decline. This had an impact on the market's expansion in 2020. Due to lockdowns and an increase in COVID-19 occurrences globally, end-user business need for Tower Crane has been severely decreased.
Key Questions Answered in the Tower Crane Market Report are:
- Which market segment accounted for the most percentage of Tower Crane in 2021?
- How competitive is the market environment?
- What are the primary factors influencing the Tower Crane market's growth?
- Which region dominates the Tower Crane market in terms of market share?
- What is the expected market CAGR from 2022 to 2029?
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