The Tower Crane Manufacturing industry relies heavily on the performance of the nonresidental construction and residential housing sectors. An increase in construction within both sectors has bolstered revenue over the five years to 201. Furthermore, rebounding construction markets has also enabled industry operators to slowly increase prices, therefore boosting profit margins as a result. Over the five years to 2020, further stabilization of key construction markets, as well as an increase in demand for housing in urban areas, thus necessitating tower cranes to build high-rise buildings, will contribute to industry revenue growth.
This industry manufactures tower cranes for use in the construction of tall buildings and structures. Tower cranes are stationary and consist of a base, mast and slewing unit that allows for rotation; they are typically transported in their component parts to nearby construction sites for assembly. This industry does not manufacture truck-mounted, jib or mobile cranes.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.