Global Tower Crane Market Growth 2025-2031

The global Tower Crane market size is predicted to grow from US$ 3143 million in 2025 to US$ 2652 million in 2031; it is expected to grow at a CAGR of -2.8% from 2025 to 2031.

A tower crane is a piece of equipment used to move or transport oversized objects. It is a stationary device, which means the base of the crane does move. A large, fixed tower supports a horizontal beam, or jib, which sits atop the tower to form an uneven letter “T.” A tower crane is often used in the construction industry to set steel beams and other large building components. It may also be used in the shipping or transportation industry to load and unload large freighters. The base of the tower crane sits atop a concrete pad, which can vary in thickness based on the height and weight of the crane. Large anchor bolts are used to fasten the base of the tower to the concrete, and may also extend several feet into the ground. This keeps the tower safely supported to help reduce the risk of collapse. The vertical tower extends dozens of feet into the air, and the jib rests on top. The longer section of the jib has cables attached to move or position objects below, while the shorter section of the jib extends away from these cables to act as a counterweight. Additional counterweights made from concrete or steel may be hung from the shorter section of the jib to adjust the balance of the crane. An operator car is typically located where the jib meets the tower. The tower crane operator sits inside of this car and uses a series of controls to swing the jib and move objects. An individual on the ground or within the building oversees the process of fastening objects to the cables of the tower crane. This individual is known as a rigger and he or she uses radio or hand signals to communicate with the crane operator.

Global key players of tower crane include Zoomlion, XCMG, SANY, etc. The top three players hold a share about 50%. Asia-Pacific is the largest market of tower crane, holding a share over 65%, followed by North America and Europe.

LP Information, Inc. (LPI) ' newest research report, the “Tower Crane Industry Forecast” looks at past sales and reviews total world Tower Crane sales in 2024, providing a comprehensive analysis by region and market sector of projected Tower Crane sales for 2025 through 2031. With Tower Crane sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Tower Crane industry.

This Insight Report provides a comprehensive analysis of the global Tower Crane landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Tower Crane portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Tower Crane market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Tower Crane and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Tower Crane.

This report presents a comprehensive overview, market shares, and growth opportunities of Tower Crane market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Self-erecting Tower Cranes
Flat Top Tower Cranes
Hammerhead Tower Cranes
Luffing Jib Tower Cranes

Segmentation by Application:
Dam Building
Bridge Building
Shipyards
Power Plants
High Rise Buildings

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
XCMG
Liebherr
Manitowoc
Zoomlion
SANY
Terex
DAHAN
Fushun Yongmao
Comansa
FAVCO
Zhejiang Construction Machinery
SCM
Fangyuan Group
Huaxia
Guangxi Construction
Saez
Wolffkran
HKTC
Jost
Jaso
Raimondi
FM Gru
Wilbert

Key Questions Addressed in this Report

What is the 10-year outlook for the global Tower Crane market?

What factors are driving Tower Crane market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Tower Crane market opportunities vary by end market size?

How does Tower Crane break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.