Market Report · July 31, 2026
Report Feature
Tower Crane Trends and Forecast
The future of the global tower crane market looks promising with opportunities in the building construction, infrastructural construction, and energy markets. The global tower crane market is expected to reach an estimated $7.6 billion by 2030 with a CAGR of 5.2% from 2024 to 2030. The major drivers for this market are increasing demand for high-capacity and technologically advanced tower cranes, growing construction and infrastructure development activities worldwide, and rising funding for the development of renewable energy.
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Tower Crane by Segment
The study includes a forecast for the global tower crane by type, lifting capacity, end use, and region.Tower Crane Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Self-Erecting
• Luffing Jib
• Hammer Head
• Flat Top
Tower Crane Market by Lifting Capacity [Shipment Analysis by Value from 2018 to 2030]:
• Less than 5 ton
• 6 to 10 ton
• More than 10 ton
Tower Crane Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Building Construction
• Infrastructural Construction
• Energy
• Others
Tower Crane Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Tower Crane Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies tower crane companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the tower crane companies profiled in this report include-• Liebherr International
• Jaso Equipos De Obras Y Construcciones
• Action Construction Equipment
• ENG Cranes
• SANY Group
• TEREX CORPORATION
• Sarens Bestuur
• Zoomlion Heavy Industry Science & Technology
• Manitowoc
• WOLFFKRAN International
Tower Crane Market Insights
Lucintel forecasts that self-erecting is expected to witness the highest growth over the forecast period. Within this market, building construction is expected to witness the highest growth over the forecast period. APAC will remain the largest region over the forecast period.Features of the Global Tower Crane Market
Market Size Estimates: Tower crane market size estimation in terms of value ($B). Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions. Segmentation Analysis: Tower crane market size by type, lifting capacity, end use, and region in terms of value ($B). Regional Analysis: Tower crane market breakdown by North America, Europe, Asia Pacific, and Rest of the World. Growth Opportunities: Analysis of growth opportunities in different types, lifting capacities, end uses, and regions for the tower crane market. Strategic Analysis: This includes M&A, new product development, and competitive landscape of the tower crane market. Analysis of competitive intensity of the industry based on Porter’s Five Forces model.FAQ
Q1. What is the tower crane market size? Answer: The global tower crane market is expected to reach an estimated $7.6 billion by 2030. Q2. What is the growth forecast for tower crane market? Answer: The global tower crane market is expected to grow with a CAGR of 5.2% from 2024 to 2030. Q3. What are the major drivers influencing the growth of the tower crane market? Answer: The major drivers for this market are increasing demand for high-capacity and technologically advanced tower cranes, growing construction and infrastructure development activities worldwide, and rising funding for the development of renewable energy. Q4. What are the major segments for tower crane market? Answer: The future of the tower crane market looks promising with opportunities in the building construction, infrastructural construction, and energy markets. Q5. Who are the key tower crane market companies? Answer: Some of the key tower crane companies are as follows:• Liebherr International
• Jaso Equipos De Obras Y Construcciones
• Action Construction Equipment
• ENG Cranes
• SANY Group
• TEREX CORPORATION
• Sarens Bestuur
• Zoomlion Heavy Industry Science & Technology
• Manitowoc
• WOLFFKRAN International Q6. Which tower crane market segment will be the largest in future? Answer: Lucintel forecasts that self-erecting is expected to witness the highest growth over the forecast period. Q7. In tower crane market, which region is expected to be the largest in next 5 years? Answer: APAC will remain the largest region over the forecast period. Q.8 Do we receive customization in this report? Answer: Yes, Lucintel provides 10% customization without any additional cost.
Table of Contents
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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Key Questions
- • What are some of the most promising, high-growth opportunities for the tower crane market by type (self-erecting, luffing jib, hammer head, and flat top), lifting capacity (less than 5 ton, 6 to 10 ton, and more than 10 ton), end use (building construction, infrastructural construction, energy, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
- • Which segments will grow at a faster pace and why?
- • Which region will grow at a faster pace and why?
- • What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
- • What are the business risks and competitive threats in this market?
- • What are the emerging trends in this market and the reasons behind them?
- • What are some of the changing demands of customers in the market?
- • What are the new developments in the market? Which companies are leading these developments?
- • Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
- • What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
- • What M&A activity has occurred in the last 5 years and what has its impact been on the industry? For any questions related to Tower Crane Market, Tower Crane Market Size, Tower Crane Market Growth, Tower Crane Market Analysis, Tower Crane Market Report, Tower Crane Market Share, Tower Crane Market Trends, Tower Crane Market Forecast, Tower Crane Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
