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According to the latest research, the global Tower Crane Rental market size was valued at USD 897.91 million in 2022 and is expected to expand at a CAGR of 3.47% during the forecast period, reaching USD 1102.0 million by 2028.
Tower cranes are the modern balanced cranes that consist of various basic parts. The high lifting capacity and height of tower cranes enable them to be used in construction of tall structures.
Drivers
The reform of economic system has promoted the growth of tower crane leasing industry. Because of the full implementation of the recruitment and investment system in infrastructure construction, construction enterprises are facing fierce market competition. Competition depends on quality, cost and speed. Improvement of Engineering quality, reduction of operating costs and guarantee of construction progress are closely related to engineering machinery and equipment. Tower crane leasing can minimize equipment occupancy funds, optimize equipment allocation, improve the utilization of equipment, and speed up the turnover of enterprise funds.
With the rapid development of modern science and technology, the application of new technologies, new materials and new technologies in engineering construction emerges in endlessly. The scale of engineering projects is getting larger and larger, the requirement of engineering quality is getting higher and higher, and the restriction of environmental protection is getting stricter and stricter. Therefore, the renewal of tower crane is getting faster and faster. Prospective contractors should have necessary technical reserves for their own construction equipment, maintain their leading position in technology to facilitate competition, but cannot blindly procure. The strength of the leasing industry is conducive to maintaining the advanced nature of construction equipment, thereby avoiding the risk of undertaking backward technology.
Restraints
Lack of professional leasing talent
Because of the lack of professionals engaged in modern leasing industry in developing countries, the research on leasing theory in developing countries is insufficient. Most of them refer to some developed documents, but few of them are really assimilated and absorbed. There are some deviations in the understanding integrity and accuracy of rental practitioners. For example, "financial lease" which only represents the simple form of financial lease is equivalent to the whole connotation of financial lease. This one-sided understanding makes the decision makers of leasing policy and the employees of leasing companies equate financial leasing with bank loans, thus aggravating the confusion of the financial leasing market in developing countries and hindering the healthy development of the leasing market.
Imperfect leasing regulations
The development of construction machinery leasing industry needs the support of government regulations. At present, the leasing industry of construction machinery in developing countries cannot be relied on, the parties to the leasing contract do not have a unified code of conduct, and the legitimate rights and interests of the leasing contract cannot be effectively guaranteed. In engineering bidding, the legality of leased property has not been recognized.
Region Overview:
Europe is projected to account for a considerable share of the Tower Crane Rental market and is expected to become the largest region by 2028.
Company Overview:
Shaanxi Construction Machinery Co., Ltd. is one of the major players operating in the Tower Crane Rental market, holding a share of 5.11% in 2023.
Shaanxi Construction Machinery Co., Ltd.
Shaanxi Construction Machinery Co., Ltd. engages in the research, development, manufacture, sale, and lease of construction machinery in China and internationally. It offers asphalt concrete pavers, road milling machines, asphalt concrete mixing equipment and paving machines, tracked asphalt pavers, drum vibratory rollers, and tire rollers; rotary drilling rigs; and lifting machinery, as well as bridge construction equipment and metal steel structures.
Arcomet
Over the last few decades, Arcomet, specializing in tower cranes and self-erecting cranes, became one of the largest crane rental companies in the world. Apart from our succesful rental activity, Arcomet have been manufacturing a range of efficient and robust self-erecting cranes since 1968.
Segmentation Overview:
Among different product types, Hammer Head Cranes segment is anticipated to contribute the largest market share in 2028.
Application Overview:
The market's largest segment by application is the segment Residential, with a market share of 41.89% in 2022.
This report elaborates on the market size, market characteristics, and market growth of the Tower Crane Rental industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Tower Crane Rental. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Tower Crane Rental Market Report Include:
Market Size Estimates: Tower Crane Rental market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Tower Crane Rental market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Tower Crane Rental market
Segment Market Analysis: Tower Crane Rental market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Tower Crane Rental market situations and prospects in major and top regions and countries
Tower Crane Rental Market
Tower Crane Rental Industry Chain: Tower Crane Rental market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Tower Crane Rental Industry News, Policies by regions
Tower Crane Rental Industry Porters Five Forces Analysis
Key players in the global Tower Crane Rental market are covered in Chapter 2:
Beijing ZIZHUHUI Construction Services CO., LTD
Shaanxi Construction Machinery Co., Ltd.
WASEL GmbH
NFT Europe
WILBERT TowerCranes GmbH
Matebat
Arcomet
ALL Tower Crane, LLC
Maxim Crane Works
Beijing Zenhe Engineering Equipment Service CO.,ltd
Bigge Crane and Rigging Co.
Falcon Tower Crane Services
BKL Baukran Logistik GmbH
In Chapter 6 and Chapter 9, on the basis of types, the Tower Crane Rental market from 2018 to 2028 is primarily split into:
Hammer Head Cranes
Flat Top Cranes
Luffing Jib Cranes
In Chapter 7 and Chapter 10, on the basis of applications, the Tower Crane Rental market from 2018 to 2028 covers:
Residential
Commercial
Infrastructure
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Tower Crane Rental market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Tower Crane Rental industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Tower Crane Rental market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Tower Crane Rental industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Tower Crane Rental market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Tower Crane Rental market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Tower Crane Rental market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Tower cranes are the modern balanced cranes that consist of various basic parts. The high lifting capacity and height of tower cranes enable them to be used in construction of tall structures.
Drivers
The reform of economic system has promoted the growth of tower crane leasing industry. Because of the full implementation of the recruitment and investment system in infrastructure construction, construction enterprises are facing fierce market competition. Competition depends on quality, cost and speed. Improvement of Engineering quality, reduction of operating costs and guarantee of construction progress are closely related to engineering machinery and equipment. Tower crane leasing can minimize equipment occupancy funds, optimize equipment allocation, improve the utilization of equipment, and speed up the turnover of enterprise funds.
With the rapid development of modern science and technology, the application of new technologies, new materials and new technologies in engineering construction emerges in endlessly. The scale of engineering projects is getting larger and larger, the requirement of engineering quality is getting higher and higher, and the restriction of environmental protection is getting stricter and stricter. Therefore, the renewal of tower crane is getting faster and faster. Prospective contractors should have necessary technical reserves for their own construction equipment, maintain their leading position in technology to facilitate competition, but cannot blindly procure. The strength of the leasing industry is conducive to maintaining the advanced nature of construction equipment, thereby avoiding the risk of undertaking backward technology.
Restraints
Lack of professional leasing talent
Because of the lack of professionals engaged in modern leasing industry in developing countries, the research on leasing theory in developing countries is insufficient. Most of them refer to some developed documents, but few of them are really assimilated and absorbed. There are some deviations in the understanding integrity and accuracy of rental practitioners. For example, "financial lease" which only represents the simple form of financial lease is equivalent to the whole connotation of financial lease. This one-sided understanding makes the decision makers of leasing policy and the employees of leasing companies equate financial leasing with bank loans, thus aggravating the confusion of the financial leasing market in developing countries and hindering the healthy development of the leasing market.
Imperfect leasing regulations
The development of construction machinery leasing industry needs the support of government regulations. At present, the leasing industry of construction machinery in developing countries cannot be relied on, the parties to the leasing contract do not have a unified code of conduct, and the legitimate rights and interests of the leasing contract cannot be effectively guaranteed. In engineering bidding, the legality of leased property has not been recognized.
Region Overview:
Europe is projected to account for a considerable share of the Tower Crane Rental market and is expected to become the largest region by 2028.
Company Overview:
Shaanxi Construction Machinery Co., Ltd. is one of the major players operating in the Tower Crane Rental market, holding a share of 5.11% in 2023.
Shaanxi Construction Machinery Co., Ltd.
Shaanxi Construction Machinery Co., Ltd. engages in the research, development, manufacture, sale, and lease of construction machinery in China and internationally. It offers asphalt concrete pavers, road milling machines, asphalt concrete mixing equipment and paving machines, tracked asphalt pavers, drum vibratory rollers, and tire rollers; rotary drilling rigs; and lifting machinery, as well as bridge construction equipment and metal steel structures.
Arcomet
Over the last few decades, Arcomet, specializing in tower cranes and self-erecting cranes, became one of the largest crane rental companies in the world. Apart from our succesful rental activity, Arcomet have been manufacturing a range of efficient and robust self-erecting cranes since 1968.
Segmentation Overview:
Among different product types, Hammer Head Cranes segment is anticipated to contribute the largest market share in 2028.
Application Overview:
The market's largest segment by application is the segment Residential, with a market share of 41.89% in 2022.
This report elaborates on the market size, market characteristics, and market growth of the Tower Crane Rental industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Tower Crane Rental. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Tower Crane Rental Market Report Include:
Market Size Estimates: Tower Crane Rental market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Tower Crane Rental market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Tower Crane Rental market
Segment Market Analysis: Tower Crane Rental market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Tower Crane Rental market situations and prospects in major and top regions and countries
Tower Crane Rental Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Tower Crane Rental Industry Chain: Tower Crane Rental market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Tower Crane Rental Industry News, Policies by regions
Tower Crane Rental Industry Porters Five Forces Analysis
Key players in the global Tower Crane Rental market are covered in Chapter 2:
Beijing ZIZHUHUI Construction Services CO., LTD
Shaanxi Construction Machinery Co., Ltd.
WASEL GmbH
NFT Europe
WILBERT TowerCranes GmbH
Matebat
Arcomet
ALL Tower Crane, LLC
Maxim Crane Works
Beijing Zenhe Engineering Equipment Service CO.,ltd
Bigge Crane and Rigging Co.
Falcon Tower Crane Services
BKL Baukran Logistik GmbH
In Chapter 6 and Chapter 9, on the basis of types, the Tower Crane Rental market from 2018 to 2028 is primarily split into:
Hammer Head Cranes
Flat Top Cranes
Luffing Jib Cranes
In Chapter 7 and Chapter 10, on the basis of applications, the Tower Crane Rental market from 2018 to 2028 covers:
Residential
Commercial
Infrastructure
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Tower Crane Rental market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Tower Crane Rental industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Tower Crane Rental market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Tower Crane Rental industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Tower Crane Rental market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Tower Crane Rental market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Tower Crane Rental market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
