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tower crane rental market

  • Tower Crane Rental Market Expected to Experience Attractive Growth through 2027

     

    The tower crane rental market is a segment of the construction equipment rental industry that provides tower cranes to construction sites on a rental basis. Tower cranes are large, tall machines that are used to lift and move heavy objects on construction sites, such as steel beams, concrete blocks, and other materials.  The tower crane rental market is expected to grow at a promising CAGR of 5.3% during the forecast period.

    The tower crane rental market is driven by the growth in the construction industry, particularly in emerging economies where infrastructure development is a top priority. The market is also influenced by factors such as the rise in urbanization, the increasing demand for high-rise buildings, and the need for more efficient and safer construction practices.

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    The tower crane rental market is highly competitive, with numerous regional and international players competing for market share. In terms of regions, Asia Pacific is expected to remain the largest market for tower crane rental over the forecast period. The construction industry in Asia-Pacific is expanding due to the large number of upcoming construction projects. Manufacturing and service industries have seen tremendous expansion, particularly in rising economies such as China, India, Indonesia, Thailand, and Brazil.

    The following are some of the key players in the tower crane rental market:

    • Action Construction Equipment Ltd.
    • ALL Crane
    • Bigge Crane and Rigging Co.
    • Falcon Tower Crane Services
    • Leavitt Cranes
    • NFT Group
    • Rapicon Inc.
    • Titan Cranes & Rigging
    • WASEL GmbH
    • Zoomlion ElectroMech India Pvt. Ltd

    The market is expected to continue to grow in the coming years, with increasing demand for tower cranes in the construction of tall buildings, bridges, and other infrastructure projects. Additionally, the trend towards renting equipment instead of owning it is also expected to drive growth in the tower crane rental market, as more construction companies opt for renting equipment rather than buying it outright.

     

     

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