MRO Magazine

Research and Markets: Global Tower Crane Market 2015-2019 – Growth of Equipment Rentals


January 6, 2016
By Business Wire News

DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/jnzk5m/global_tower) has announced the addition of the “Global Tower Crane Market 2015-2019” report to their offering.

The report estimates the increase in urban infrastructure projects, high rise building projects, and high rise residential apartment construction projects across globe to impel market growth during the forecast period. Consequently, this market is expected to generate a revenue of more than USD 8 billion by 2019.

The growth of equipment rentals is one of the major trends. With the construction equipment industry being capital-intensive, many small firms are unable to invest heavily in advanced tower cranes; however, many vendors offer equipment on a rental basis. This is expected to lead to increased adoption of tower cranes.

According to the report, the market is driven by many growth factors, one of which is the growth of high-rise building construction worldwide. Growing populations and the migration of people to urban areas have led to an increase in demand for new cities with efficient transport infrastructure facilities, which has resulted in a significant rise in the number of urban infrastructure projects across different countries. This has escalated demand for tower cranes. In addition, increased investment in infrastructure development

Further, the report states that changing customer needs are one of the major challenges. Regardless of the customer usage of tower cranes, manufacturers are required to create features such as reduced carbon emissions, equipment suited for light construction work, and fuel efficiency, which are value additions to all customers.

Companies Mentioned:

  • Favelle Favco
  • Liebherr
  • Saren Group
  • Terex
  • Zoomlion
  • Natraj Associates
  • ABUS Crane system
  • Shandong Dahan Construction Machinery
  • Linden Comansa America
  • KRHI
  • Hankook Tower Crane
  • Escorts Construction Equipment
  • Manitowoc Cranes
  • Jayem Manufacturing
  • Action Construction Equipment
  • Jinan Dongyue Tower Crane Manufacturers.

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by end-user

PART 07: Geographical segmentation

PART 08: Market drivers

PART 09: Impact of drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape

PART 14: Key vendor analysis

For more information visit http://www.researchandmarkets.com/research/jnzk5m/global_tower

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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