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Global Tower Crane Market Report 2018-2022 - ResearchAndMarkets.com

November 20, 2018

DUBLIN--(BUSINESS WIRE)--Nov 20, 2018--The “Global Tower Crane Market 2018-2022” report has been added to ResearchAndMarkets.com’s offering.

The tower crane market will register a CAGR of more than 6% by 2022.

With the rising adoption and preference for prefabricated prefurnished volumetric construction (PPVC), the demand for high-capacity tower cranes has increased considerably in the forthcoming years. Such a rising demand for this construction has encouraged the contractors to create high-capacity, versatile, and accurate tower cranes for lifting and placing heavy loads.

Market Overview

Increasing demand for high-rise buildings

Factors including the rapid urbanization and growing global population are directly responsible for the growing demand for high-rise buildings. Consequently, as the high-rise buildings are growing, the demand for tower cranes is also likely to proliferate in the long run.

Lack of skilled manpower

The shortage of skilled manpower affects the speed, safety, and quality of construction projects. Such reluctance toward learning and operating upcoming technologies is expected to hinder the market’s growth in the forthcoming years.

Competitive Landscape

The market has a moderately fragmented presence of tower crane manufacturers increasingly focusing on the integration of advanced technologies to improve their market positions. This will result the market to witness intense competition in the forthcoming years. The continuously increasing construction activities, especially from the developing countries will further encourage the market players to launch innovative product offerings.

Report Summary:

According to the report, one of the major drivers for this market is the growing construction projects in both advanced and emerging economies encouraging the development of high-rise buildings. The latest trend gaining momentum in the market is the increasing demand for high-capacity tower cranes.

Further, the report states that one of the major factors hindering the growth of this market is the presence of extremely volatile construction industry owing to the global financial crisis.

Key Vendors

Favelle Favco Berhad Liebherr Group Manitowoc Terex Zoomlion Heavy Industry Science & Technology

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

Market ecosystem Market characteristics Market segmentation analysis

PART 05: MARKET SIZING

Market definition Market sizing 2017 Market size and forecast 2017-2022

PART 06: FIVE FORCES ANALYSIS

Bargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market condition

PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY END-USER

Segmentation by end-user Comparison by end-user Infrastructure sector - Market size and forecast 2017-2022 Residential sector - Market size and forecast 2017-2022 Commercial sector - Market size and forecast 2017-2022 Market opportunity by end-user

PART 09: REGIONAL LANDSCAPE

Geographical segmentation Regional comparison APAC - Market size and forecast 2017-2022 EMEA - Market size and forecast 2017-2022 Americas - Market size and forecast 2017-2022 Key Leading Countries Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

Market drivers Market challenges

PART 12: MARKET TRENDS

Introduction of luffing jib tower cranes Increasing demand for high-capacity tower cranes Growing demand for advanced and fuel-efficient tower cranes

PART 13: VENDOR LANDSCAPE

Overview Landscape disruption Competitive landscape

PART 14: VENDOR ANALYSIS

Vendors covered Vendor classification Market positioning of vendors

PART 15: APPENDIX

For more information about this report visit https://www.researchandmarkets.com/research/bj34fz/global_tower?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181120005571/en/

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Related Topics:Cranes and Lifting Equipment

KEYWORD:

INDUSTRY KEYWORD: CONSTRUCTION & PROPERTY OTHER CONSTRUCTION & PROPERTY

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 11/20/2018 11:46 AM/DISC: 11/20/2018 11:46 AM

http://www.businesswire.com/news/home/20181120005571/en

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