Dublin, Nov. 20, 2018 (GLOBE NEWSWIRE) -- The "Global Tower Crane Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.
The tower crane market will register a CAGR of more than 6% by 2022.
With the rising adoption and preference for prefabricated prefurnished volumetric construction (PPVC), the demand for high-capacity tower cranes has increased considerably in the forthcoming years. Such a rising demand for this construction has encouraged the contractors to create high-capacity, versatile, and accurate tower cranes for lifting and placing heavy loads.
Market Overview
Increasing demand for high-rise buildings
Factors including the rapid urbanization and growing global population are directly responsible for the growing demand for high-rise buildings. Consequently, as the high-rise buildings are growing, the demand for tower cranes is also likely to proliferate in the long run.
Lack of skilled manpower
The shortage of skilled manpower affects the speed, safety, and quality of construction projects. Such reluctance toward learning and operating upcoming technologies is expected to hinder the market's growth in the forthcoming years.
Competitive Landscape
The market has a moderately fragmented presence of tower crane manufacturers increasingly focusing on the integration of advanced technologies to improve their market positions. This will result the market to witness intense competition in the forthcoming years. The continuously increasing construction activities, especially from the developing countries will further encourage the market players to launch innovative product offerings.
Report Summary:
According to the report, one of the major drivers for this market is the growing construction projects in both advanced and emerging economies encouraging the development of high-rise buildings. The latest trend gaining momentum in the market is the increasing demand for high-capacity tower cranes.
Further, the report states that one of the major factors hindering the growth of this market is the presence of extremely volatile construction industry owing to the global financial crisis.
Key Vendors
- Favelle Favco Berhad
- Liebherr Group
- Manitowoc
- Terex
- Zoomlion Heavy Industry Science & Technology
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 05: MARKET SIZING
- Market definition
- Market sizing 2017
- Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY END-USER
- Segmentation by end-user
- Comparison by end-user
- Infrastructure sector - Market size and forecast 2017-2022
- Residential sector - Market size and forecast 2017-2022
- Commercial sector - Market size and forecast 2017-2022
- Market opportunity by end-user
PART 09: REGIONAL LANDSCAPE
- Geographical segmentation
- Regional comparison
- APAC - Market size and forecast 2017-2022
- EMEA - Market size and forecast 2017-2022
- Americas - Market size and forecast 2017-2022
- Key Leading Countries
- Market opportunity
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 12: MARKET TRENDS
- Introduction of luffing jib tower cranes
- Increasing demand for high-capacity tower cranes
- Growing demand for advanced and fuel-efficient tower cranes
PART 13: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive landscape
PART 14: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
PART 15: APPENDIX
For more information about this report visit https://www.researchandmarkets.com/research/rgb3zw/global_tower?w=12
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