Global Tower Crane Rental Market Research Report- Forecast 2023

Global Tower Crane Rental Market Research Report, Information: by Product Type (Hammer Head Tower Cranes, Self-erecting Tower Cranes, and Flat Top Tower Cranes,), End-use (Residential, Commercial, and Infrastructure), Regions — Forecast till 2023

ID: MRFR/CO/6182-HCR | February 2021 | Region: Global | 107 pages

Market Synopsis: Global Tower Crane Rental Market
The market of tower crane rental has witnessed moderate growth in the past couple of years. Adequate height and lifting capacity of the tower cranes enable them to be used in the construction of dam, bridge, high rise building, power plants, and shipyards. Rental of different types of tower cranes, such as hammer head tower cranes, self-erecting tower cranes, flat top tower cranes are available in the market according to different lifting capabilities. The market for tower crane rental is gaining attention at present and is expected to grow at a fast pace during the forecast period. This is because there are many small and medium scale companies that cannot afford purchasing such equipment due to their high cost, the high lifting capacity, and advanced features.
At the same time, tower crane rental companies offer such equipment according to client requirements along with the advanced technology and safety requirements, which is less expensive when compared to purchase of new equipment. The type of the tower crane varies on the basis of application requirement. Consumers can rent the various types of tower cranes for a single project, according to their need and for specific time period, which reduces the overall project cost. However, if they purchase the particular variety of tower crane, it will involve high cost.
Moreover, with the growth of construction industry, governments across the globe focus on infrastructure development and investing a huge amount of money for it, which fuels the growth of the tower crane rental market.
The global tower crane rental market is expected to witness a CAGR of around 5% over the forecast period.
Global Tower Crane Rental Market: Regional Analysis
The global tower crane rental market has been segmented into regions of North America, Europe, Asia-Pacific, and Rest of the world (RoW). Asia-Pacific held the largest share in the overall tower crane rental market followed by North America and Europe in 2017, which will continue with its dominance until 2023. This is attributed to the increasing investments in the high-rise construction projects backed by investments in both, commercial and residential construction in the countries such as China and India. This is expected to fuel the demand for tower crane rental in Asia-Pacific during the forecast period.
Global Tower crane rental Market: Segmentation
The global tower crane rental market has been segmented on the basis of product type and end-use. On the basis of product type, the market has been classified into hammer head tower cranes, self-erecting tower cranes, flat top tower cranes, luffing jib tower cranes.
On the basis of product type, the market has been segmented into hammer head tower cranes, self-erecting tower cranes, flat top tower cranes, luffing jib tower cranes. The self-erecting tower cranes segment held a largest market share in the tower crane rental market in 2017 and is expected to lead as a segment by product type during the forecast period.
On the basis of end-use, the market has been segmented into residential, commercial, and infrastructure. The residential segment held the largest market share in the tower crane rental market due to various construction projects for high-rise building. With the growing urbanization, there has been observed a corresponding need for residential spaces, which has led to the increased demand of tower crane rental.
The players in the tower crane rental market include Bigge Crane and Rigging Co. (US), Action Construction Equipment Ltd. (India), Titan Cranes & Rigging (Australia), Leavitt Cranes (Canada), Zoomlion ElectroMech India Pvt. Ltd. (India), WASEL GmbH (Germany), ALL Crane (US), United Crane and Rigging (Baltimore, Maryland), Falcon Tower Crane Services (UK), Rapicon Inc. (Canada), Skycrane (Canada), NFT Group (UAE), and Maxim Crane Works, L.P (US).
The global tower crane rental market is fairly competitive with a moderate number of players, across the globe. The players adopted various strategies to expand their global presence and increase their market shares. Some of the key strategies adopted by the players include high quality product and service, low rental cost, and strategic partnerships and collaborations with the manufacturing companies.
Intended Audience:
• Raw Material Suppliers
• End Users
• Product Manufacturers
• Service provider
• Regulatory Bodies
• Market Research and Consulting Firms



Frequently Asked Questions (FAQ) :


Tower crane rental market has a CAGR of 5% during the forecast period.

North America would dominate tower crane rental market.

The self-erecting tower cranes segment would lead tower crane rental market.

The residential segment would lead the tower crane rental market.

Players involved in tower crane rental market are Action Construction Equipment Ltd. (India), Bigge Crane and Rigging Co. (US), Leavitt Cranes (Canada), Titan Cranes & Rigging (Australia), WASEL GmbH (Germany), ALL Crane (US), Zoomlion ElectroMech India Pvt. Ltd. (India), Falcon Tower Crane Services (UK), United Crane and Rigging (Baltimore, Maryland), NFT Group (UAE), Rapicon Inc. (Canada), Skycrane (Canada), and Maxim Crane Works, L.P (US).


Table of Contents

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Definition

2.2.2 Research Objectives

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat of New Entrants

3.1.2 Bargaining Power of Buyers

3.1.3 Threat of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power of Buyers

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities
5 Global Tower Crane Rental Market, by Product Type

5.1 Introduction

5.2 Hammer Head Tower Cranes

5.2.1 Market Estimates & Forecast, 2019–2023

5.2.2 Market Estimates & Forecast, by Region, 2019–2023

5.3 Self-erecting Tower Cranes

5.3.1 Market Estimates & Forecast, 2019–2023

5.3.2 Market Estimates & Forecast, by Region, 2019–2023

5.4 Flat Top Tower Cranes

5.4.1 Market Estimates & Forecast, 2019–2023

5.4.2 Market Estimates & Forecast, by Region, 2019–2023

5.5 Luffing Jib Tower Cranes

5.5.1 Market Estimates & Forecast, 2019–2023

5.5.2 Market Estimates & Forecast, by Region, 2019–2023

6 Global Tower Crane Rental Market, by End-Use

6.1 Introduction

6.2 Residential

6.2.1 Market Estimates & Forecast, 2019–2023

6.2.2 Market Estimates & Forecast, by Region, 2019–2023

6.3 Commercial

6.3.1 Market Estimates & Forecast, 2019–2023

6.3.2 Market Estimates & Forecast, by Region, 2019–2023

6.4 Infrastructure

6.4.1 Market Estimates & Forecast, 2019–2023

6.4.2 Market Estimates & Forecast, by Region, 2019–2023

7 Global Tower Crane Rental Market, by Region

7.1 Introduction

7.2 North America

7.2.1 Market Estimates & Forecast, 2019–2023

7.2.2 Market Estimates & Forecast, by Product Type, 2019–2023

7.2.3 Market Estimates & Forecast, by Type, 2019–2023

7.2.4 Market Estimates & Forecast, by End-Use, 2019–2023

7.2.5 US

7.2.5.1 Market Estimates & Forecast, 2019–2023

7.2.5.2 Market Estimates & Forecast, by Product Type, 2019–2023

7.2.5.3 Market Estimates & Forecast, by Type, 2019–2023

7.2.5.4 Market Estimates & Forecast, by End-Use, 2019–2023

7.2.6 Canada

7.2.6.1 Market Estimates & Forecast, 2019–2023

7.2.6.2 Market Estimates & Forecast, by Product Type, 2019–2023

7.2.6.3 Market Estimates & Forecast, by Type, 2019–2023

7.2.6.4 Market Estimates & Forecast, by End-Use, 2019–2023

7.3 Europe

7.3.1 Market Estimates & Forecast, 2019–2023

7.3.2 Market Estimates & Forecast, by Product Type, 2019–2023

7.3.3 Market Estimates & Forecast, by Type, 2019–2023

7.3.4 Market Estimates & Forecast, by End-Use, 2019–2023

7.3.5 UK

7.3.5.1 Market Estimates & Forecast, 2019–2023

7.3.5.2 Market Estimates & Forecast, by Product Type, 2019–2023

7.2.5.3 Market Estimates & Forecast, by Type, 2019–2023

7.2.5.4 Market Estimates & Forecast, by End-Use, 2019–2023

7.3.6 Germany

7.3.6.1 Market Estimates & Forecast, 2019–2023

7.3.6.2 Market Estimates & Forecast, by Product Type, 2019–2023

7.3.6.3 Market Estimates & Forecast, by Type, 2019–2023

7.3.6.4 Market Estimates & Forecast, by End-Use, 2019–2023

7.3.7 France

7.3.7.1 Market Estimates & Forecast, 2019–2023

7.3.7.2 Market Estimates & Forecast, by Product Type, 2019–2023

7.3.7.3 Market Estimates & Forecast, by Type, 2019–2023

7.3.7.4 Market Estimates & Forecast, by End-Use, 2019–2023

7.3.8 Italy

7.3.8.1 Market Estimates & Forecast, 2019–2023

7.3.8.2 Market Estimates & Forecast, by Product Type, 2019–2023

7.3.8.3 Market Estimates & Forecast, by Type, 2019–2023

7.3.8.4 Market Estimates & Forecast, by End-Use, 2019–2023

7.3.7 Rest of Europe

7.3.7.1 Market Estimates & Forecast, 2019–2023

7.3.7.2 Market Estimates & Forecast, by Product Type, 2019–2023

7.3.7.3 Market Estimates & Forecast, by Type, 2019–2023

7.3.7.4 Market Estimates & Forecast, by End-Use, 2019–2023

7.4 Asia-Pacific

7.4.1 Market Estimates & Forecast, 2019–2023

7.4.2 Market Estimates & Forecast, by Product Type, 2019–2023

7.4.3 Market Estimates & Forecast, by Type, 2019–2023

7.4.4 Market Estimates & Forecast, by End-Use, 2019–2023

7.4.5 China

7.4.5.1 Market Estimates & Forecast, 2019–2023

7.4.5.2 Market Estimates & Forecast, by Product Type, 2019–2023

7.4.5.3 Market Estimates & Forecast, by Type, 2019–2023

7.4.5.4 Market Estimates & Forecast, by End-Use, 2019–2023

7.4.6 Japan

7.4.6.1 Market Estimates & Forecast, 2019–2023

7.4.6.2 Market Estimates & Forecast, by Product Type, 2019–2023

7.4.6.3 Market Estimates & Forecast, by Type, 2019–2023

7.4.6.4 Market Estimates & Forecast, by End-Use, 2019–2023

7.4.7 India

7.4.7.1 Market Estimates & Forecast, 2019–2023

7.4.7.2 Market Estimates & Forecast, by Product Type, 2019–2023

7.4.7.3 Market Estimates & Forecast, by Type 2019–2023

7.4.7.4 Market Estimates & Forecast, by End-Use, 2019–2023

7.4.8 Rest of Asia-Pacific

7.4.8.1 Market Estimates & Forecast, 2019–2023

7.4.8.2 Market Estimates & Forecast, by Product Type, 2019–2023

7.4.8.4 Market Estimates & Forecast, by Type, 2019–2023

7.4.8.5 Market Estimates & Forecast, by End-Use, 2019–2023

7.5 Rest of the World

7.5.1 Market Estimates & Forecast, 2019–2023

7.5.2 Market Estimates & Forecast, by Product Type, 2019–2023

7.5.3 Market Estimates & Forecast, by Type, 2019–2023

7.5.4 Market Estimates & Forecast, by End-Use, 2019–2023

8 Competitive Landscape

9 Company Profile

9.1 Bigge Crane and Rigging Co. (US)

9.1.1 Company Overview

9.1.2 Product/Services Offered

9.1.3 Financial Overview

9.1.4 Key Developments

9.1.5 Strategies

9.1.6 SWOT Analysis

9.2 Action Construction Equipment Ltd (India)

9.2.1 Company Overview

9.2.2 Product/Services Offered

9.2.3 Financial Overview

9.2.4 Key Developments

9.2.5 Strategies

9.2.6 SWOT Analysis

9.3 Titan Cranes & Rigging (Australia)

9.3.1 Company Overview

9.3.2 Product/Services Offered

9.3.3 Financial Overview

9.3.4 Key Developments

9.3.5 Strategies

9.3.6 SWOT Analysis

9.4 Leavitt Cranes (Canada)

9.4.1 Company Overview

9.4.2 Product/Services Offered

9.4.3 Financial Overview

9.4.4 Key Developments

9.4.5 Strategies

9.4.6 SWOT Analysis

9.5 Zoomlion ElectroMech India Pvt. Ltd (India)

9.5.1 Company Overview

9.5.2 Product/Services Offered

9.5.3 Financial Overview

9.5.4 Key Developments

9.5.5 Strategies

9.5.6 SWOT Analysis

9.6 WASEL GmbH (Germany)

9.6.1 Company Overview

9.6.2 Product/Services Offered

9.6.3 Financial Overview

9.6.4 Key Developments

9.6.5 Strategies

9.6.6 SWOT Analysis

9.7 ALL Crane (US)

9.7.1 Company Overview

9.7.2 Product/Services Offered

9.7.3 Financial Overview

9.7.4 Key Developments

9.7.5 Strategies

9.7.6 SWOT Analysis

9.8 United Crane and Rigging (Baltimore, Maryland)

9.8.1 Company Overview

9.8.2 Product/Services Offered

9.8.3 Financial Overview

9.8.4 Key Developments

9.8.5 Strategies

9.8.6 SWOT Analysis

9.9 Falcon Tower Crane Services (UK)

9.9.1 Company Overview

9.9.2 Product/Services Offered

9.9.3 Financial Overview

9.9.4 Key Developments

9.9.5 Strategies

9.9.6 SWOT Analysis

9.10 Rapicon Inc. (Canada)

9.10.1 Company Overview

9.10.2 Product/Services Offered

9.10.3 Financial Overview

9.10.4 Key Developments

9.10.5 Strategies

9.10.10 SWOT Analysis

9.11 Skycrane (Canada)

9.11.1 Company Overview

9.11.2 Product/Services Offered

9.11.3 Financial Overview

9.11.4 Key Developments

9.11.5 Strategies

9.11.6 SWOT Analysis

9.12 NFT Group (UAE)

9.12.1 Company Overview

9.12.2 Product/Services Offered

9.12.3 Financial Overview

9.12.4 Key Developments

9.12.5 Strategies

9.12.6 SWOT Analysis

9.13 Maxim Crane Works, L.P (US)

9.13.1 Company Overview

9.13.2 Product/Services Offered

9.13.3 Financial Overview

9.13.4 Key Developments

9.13.5 Strategies

9.13.6 SWOT Analysis

List of Tables
Table 1 Global Tower Crane Rental Market: by Region, 2019–2023

Table 2 North America: Tower Crane Rental Market: by Country, 2019–2023

Table 3 Europe: Tower Crane Rental Market: by Country, 2019–2023

Table 4 Asia-Pacific: Tower Crane Rental Market: by Country, 2019–2023

Table 5 RoW: Tower Crane Rental Market: by Country, 2019–2023

Table 6 Global Tower Crane Rental Market, by Product Type, by Regions, 2019–2023

Table 7 North America: Tower Crane Rental Market, by Product Type, by Country, 2019–2023

Table 8 Europe: Tower Crane Rental Market, by Product Type, by Country, 2019–2023

Table 9 Asia-Pacific: Tower Crane Rental Market, by Product Type, by Country, 2019–2023

Table 10 RoW: Tower Crane Rental Market, by Product Type, by Country, 2019–2023

Table 11 Global Tower Crane Rental Market, by End-Use: by Regions, 2019–2023

Table 12 North America: Tower Crane Rental Market, by End-Use: by Country, 2019–2023

Table 13 Europe: Tower Crane Rental Market by End-Use: by Country, 2019–2023

Table 14 Asia-Pacific: Tower Crane Rental Market by End-Use: by Country, 2019–2023

Table 15 RoW: Tower Crane Rental Market by End-Use: by Country, 2019–2023

Table 16 Global Tower Crane Rental Market: by Region, 2019–2023

Table 17 Global Tower Crane Rental Market: by Product Type, 2019–2023

Table 18 Global Tower Crane Rental Market: by End-Use, 2019–2023

Table 19 North America: Tower Crane Rental Market, by Country

Table 20 North America: Tower Crane Rental Market, by Product Type

Table 21 North America: Tower Crane Rental Market, by End-Use

Table 22 Europe: Tower Crane Rental Market, by Country

Table 23 Europe: Tower Crane Rental Market, by Product Type

Table 24 Europe: Tower Crane Rental Market, by End-Use

Table 25 Asia-Pacific: Tower Crane Rental Market, by Country

Table 26 Asia-Pacific: Tower Crane Rental Market, by Product Type

Table 27 Asia-Pacific: Tower Crane Rental Market, by End-Use

Table 28 RoW: Tower Crane Rental Market, by Region

Table 29 RoW: Tower Crane Rental Market, by Product Type

Table 30 RoW: Tower Crane Rental Market, by End-Use

List of Figures

FIGURE 1 Research Process of MRFR

FIGURE 2 Top-Down and Bottom-Up Approach

FIGURE 3 Market Dynamics

FIGURE 4 Impact Analysis: Market Drivers

FIGURE 5 Impact Analysis: Market Restraints

FIGURE 6 Porter’s Five Forces Analysis

FIGURE 7 Value Chain Analysis

FIGURE 8 Global Tower Crane Rental Market Share, by Product Type, 2016 (%)

FIGURE 9 Global Tower Crane Rental Market, by Product Type, 2016-2023 (USD MILLION)

FIGURE 10 Global Tower Crane Rental Market Share, by End-Use, 2016 (%)

FIGURE 11 Global Tower Crane Rental Market, by End-Use, 2016-2023 (USD MILLION)

FIGURE 12 Global Tower Crane Rental Market Share (%), by Region, 2016

FIGURE 13 Global Tower Crane Rental Market, by Region, 2016-2023 (USD MILLION)

FIGURE 14 North America: Tower Crane Rental Market Share (%), 2016

FIGURE 15 North America: Tower Crane Rental Market, by Country, 2016-2023 (USD MILLION)

FIGURE 16 Europe: Tower Crane Rental Market Share (%), 2016

FIGURE 17 Europe: Tower Crane Rental Market, by Country, 2016-2023 (USD MILLION)

FIGURE 18 Asia-Pacific: Tower Crane Rental Market Share (%), 2016

FIGURE 19 Asia-Pacific: Tower Crane Rental Market, by Country, 2016-2023 (USD MILLION)

FIGURE 20 Rest of the World: Tower Crane Rental Market Share (%), 2016

FIGURE 21 Rest of the World: Tower Crane Rental Market, by Country, 2016-2023 (USD MILLION)


Tower Crane Rental Market