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Tower Crane Rental Market

Report Code BC 9408
Published in Jun, 2025, By MarketsandMarkets™
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Tower Crane Rental Market by Capacity (Low (5–20 tons), Low to Medium (20–100 tons), Heavy (100–500 tons), Extreme Heavy (>500 tons)), End-use industry (Building & Construction, Infrastructure, Energy & Power), and Region - Global Forecast to 2030

 

Overview

The global tower crane rental market was valued at USD 16.3 billion in 2024 and is projected to reach USD 22.1 billion by 2030, at a CAGR of 5.2% during the forecast period. Tower crane rental constitutes a vital service for construction companies, enabling them to lease tall, fixed lifting machines for predetermined periods. These cranes play a crucial role in the construction of skyscrapers and substantial infrastructure projects. This leasing model allows builders to access top-tier lifting equipment without the substantial financial commitment of outright purchases, enhancing operational flexibility, minimizing maintenance responsibilities, and reducing costs, particularly for short-term or singular projects. The demand for tower crane rentals is on the rise, propelled by an increase in high-rise building projects, urban expansion, and a governmental focus on infrastructure modernization. This trend is observable across both emerging and established economies. By opting to rent tower cranes, construction firms can effectively manage their financial resources, avoiding significant capital outlays and ongoing maintenance expenses. In an environment marked by tighter project timelines and rising labor costs, renting provides builders with a critical advantage in maintaining efficiency and adaptability.

Regions such as Asia Pacific and the Middle East are experiencing high demand due to government infrastructure initiatives and smart city development plans. Additionally, advancements in crane technology—including features such as remote control capabilities and enhanced safety measures—allow rental businesses to provide more sophisticated equipment tailored to diverse project requirements. Furthermore, the growing emphasis on sustainable construction practices and streamlined equipment expenditures encourages developers to utilize cranes for shorter durations, fueling global market growth.

Tower Crane Rental Market

Attractive Opportunities in the Tower Crane Rental Market

Asia Pacific

Market growth in Asia Pacific can be attributed to rapid industrialization, expanding urban infrastructure projects, and significant investments in high-rise residential and commercial construction.

Demand for tower crane rentals is projected to rise due to increasing urbanization, large-scale infrastructure development, and the growing need for cost-effective construction equipment solutions.

Adoption of the latest advanced technologies and increased R&D operations are factors expected to provide lucrative opportunities for market players.

The Asia Pacific tower crane rental market is expected to be worth USD 7,634.2 million by 2030, growing at a CAGR of 5.9% during the forecast period.

The growth of the tower crane rental market is driven by the need for flexible, cost-efficient lifting solutions across large-scale construction projects such as skyscrapers, bridges, and industrial facilities.

Global Tower Crane Rental Market Dynamics

DRIVER: Growth of construction and infrastructure development projects

The growing demand for tower crane leasing is primarily driven by a resurgence in the construction industry and ongoing infrastructure development. For instance, Beijing is allocating nearly USD 1 trillion in government funding specifically for its construction sector. According to Bloomberg, over USD 115.96 million has been earmarked for infrastructure projects in 2022, which include the construction of canals, dams, and reservoirs. Rapid urbanization is a significant factor in this trend, particularly in densely populated areas with constrained horizontal expansion. This has led to increased construction of high-rise residential, commercial, and mixed-use buildings that rely on tower cranes for efficient lifting and precise placement of heavy materials at considerable heights.

In North America, cities such as New York, Toronto, and Los Angeles are experiencing intensified urban expansion fueled by factors such as rising housing demand and commercial growth. Similarly, in the Asia-Pacific region, major cities like Shanghai, Mumbai, and Sydney are witnessing robust development supported by government-led urban renewal programs, further driving demand for tower crane rentals. In summary, large-scale infrastructure projects—including metro rail systems, commercial buildings, and skyscrapers—substantially increase the demand for heavy lifting equipment. Consequently, tower crane rental service providers are essential to maintaining modern urban environments.

RESTRAINT: Preference for old cranes by tower crane rental companies

The reliance on outdated cranes by tower crane rental companies is currently a significant barrier to the growth of the tower crane rental market. Many rental firms continue to favor older crane models due to their lower acquisition costs, believing these models adequately address basic operational requirements. While this approach may minimize initial investments, it effectively hinders the adoption of technologically advanced systems that offer enhanced safety and efficiency. Newer crane technologies incorporate features such as automated control systems, remote monitoring, energy efficiency, and increased weight capacity, which are increasingly essential in complex construction scenarios. The reluctance to embrace innovation and take a leadership role in the market stagnates the evolution of the industry and impedes overall market rejuvenation.

Furthermore, older cranes typically entail higher maintenance demands, often result in unreliable performance, and may fail to comply with forthcoming safety and environmental regulations. These challenges not only lead to diminished productivity but also expose companies to potential legal and operational risks. As infrastructure projects scale up in complexity and size, the continued use of antiquated equipment restricts market expansion by limiting the rental company’s capacity to meet new construction demands effectively and efficiently.

 

 

OPPORTUNITY: Increasing requirements for installation and maintenance of wind turbines

The escalating demand for installing and maintaining wind turbines presents a significant opportunity in the tower crane rental market. With global investments in renewable energy accelerating, wind power projects are rapidly expanding, particularly in regions such as North America, Europe, and Asia Pacific. Given the substantial size of wind turbines—especially in offshore and large-scale onshore applications—the construction process necessitates the use of high-capacity tower cranes to transport and position heavy components, including nacelles, blades, and towers. Tower cranes offer the requisite stability, reach, and lifting capacity essential for effective and safe installations in these challenging environments. Furthermore, ongoing maintenance activities throughout the lifecycle of wind turbines require periodic access to elevated components, thereby driving additional demand for crane rentals. Many countries have established ambitious renewable energy targets, indicating a clear trajectory for increasing new wind farms and repowering older installations. This trend creates a sustained flow of opportunities for rental companies equipped with specialized cranes tailored for wind energy applications. Consequently, the wind power sector is projected to be a key growth driver for the tower crane rental market in the coming years.

CHALLENGES: Balancing recyclability with barrier performance in food applications

The substantial maintenance and operational costs pose significant challenges for the crane tower rental market. Crane towers are intricate machines comprising numerous mechanical and electronic components that require regular maintenance to ensure safety and operational efficiency. Routine maintenance activities include inspection, lubrication, replacement of worn parts, and occasional upgrades, all of which entail considerable expenses.

Furthermore, the costs associated with fuel, skilled labor for operation and supervision, insurance, and increasingly stringent safety regulations contribute to escalating financial management requirements for rental companies, alongside the basic crane rental fees. These costs directly impact rental pricing, making it difficult for competitors to offer lower rates while maintaining profitability. Consequently, smaller rental businesses often face these challenges as they struggle to cover such expenses, which hinders their market participation and growth potential.

Moreover, unexpected breakdowns due to inadequate maintenance can lead to substantial costs for projects, particularly if clients cannot be serviced on time. Such delays can severely damage both client relationships and the company’s reputation. Considering these dynamics, effective asset management and investment in advanced technology are critical for reducing downtime and maximizing crane utilization. Addressing these issues is essential for rental companies seeking profitability and competitiveness in a rapidly evolving market influenced by construction activities and project demands.

Global Tower Crane Rental Market Ecosystem Analysis

The tower crane rental market consists of a complex ecosystem involving equipment manufacturers, rental service providers, logistics partners, and end users. Equipment manufacturers specialize in designing and producing tower cranes that feature diverse capacities and innovative technologies to cater to varied construction demands. Rental service providers are responsible for maintaining and supplying these cranes for both short- and long-term projects, overseeing tasks such as transportation and on-site assembly. Logistics partners play a crucial role in ensuring the timely and efficient movement and installation of tower cranes at construction sites. End users, predominantly comprising construction companies and infrastructure developers, leverage rental solutions to gain access to advanced lifting equipment without incurring heavy capital expenditures, thus allowing them to effectively meet the specific requirements of their projects.

Tower Crane Rental Market
 

Low to medium (20–100 tons) segment to register highest CAGR during forecast period

The low to medium capacity range of tower cranes, specifically those with lifting capacities between 20-100 tons, is anticipated to experience the highest CAGR during the forecast period. This trend is primarily driven by the increasing demand from mid-sized construction projects, including commercial complexes, residential apartments, and infrastructure development, where these cranes provide an optimal blend of power, flexibility, and cost-effectiveness.

These cranes are particularly advantageous for their seamless mobility in densely populated urban environments, enabling the effective lifting of medium-sized loads without obstruction. This makes them exceptionally suited for rapidly developing urban areas with limited space. Their comparatively lower operational and rental costs, relative to high-capacity cranes, make them more accessible to a broader range of construction companies, particularly small- and medium-sized enterprises. Technological advancements, such as enhanced safety features and greater automation, are further propelling the adoption of this segment. The versatility of low to medium-capacity tower cranes allows rental businesses to efficiently manage a diverse array of projects, thereby driving overall market growth. This segment’s expansion reflects the construction industry’s growing emphasis on flexible and economical lifting solutions in response to evolving project demands.

Building & construction segment to exhibit highest CAGR during forecast period

The building and construction end-use segment is projected to experience the most rapid CAGR within the tower crane rental market during the forecast period. This growth is primarily driven by accelerated urbanization and significant infrastructure development worldwide, particularly in emerging economies. Increased investments in residential, commercial, and industrial construction projects are fueling the demand for efficient and reliable lifting solutions that tower cranes provide.

Tower cranes are indispensable for high-rise buildings and large-scale construction sites because they can lift heavy materials to considerable heights, enhancing project timelines and safety standards. The growing emphasis on sustainable and smart city initiatives is prompting construction firms to acquire advanced crane equipment that offers superior accuracy and energy-efficient operations. Furthermore, government programs and partnerships between public and private sectors aimed at modernizing infrastructure—such as transport networks and urban facilities—are playing a critical role in the segment’s expansion. The rising preference for crane rentals over outright purchases enables construction companies to optimize capital expenditures while minimizing maintenance tasks, further driving demand. Overall, the building and construction industry remains a significant growth engine that underpins the positive outlook for the tower crane rental market.

 

Asia Pacific to record highest CAGR during forecast period

The Asia Pacific region is projected to lead the tower crane rental market, exhibiting the highest CAGR during the forecast period. This robust growth is primarily driven by rapid construction and infrastructure development, fueled by urbanization, population growth, and escalating government investments. Countries such as China, India, Japan, South Korea, and various Southeast Asian nations are experiencing a surge in residential, commercial, and industrial projects, all of which necessitate efficient lifting solutions, including tower cranes. Increasing standards of living and rising disposable incomes further intensify the demand for modern urban housing and commercial spaces, accelerating construction activities. Large-scale infrastructure initiatives, such as the development of smart cities, transportation networks, and energy projects, significantly contribute to the heightened requirement for tower crane rentals.

In this context, the preference for leasing cranes over outright purchases remains strong, owing to its cost-effectiveness and flexibility for managing short-term projects. Furthermore, advancements in technology, improved logistics, and enhanced maintenance services are critical factors supporting the growth of the tower crane rental market. These elements position Asia Pacific as the fastest-growing market in the tower crane rental sector.

Tower Crane Rental Market
INDIA: HIGHEST CAGR DURING 2025–2030
ASIA PACIFIC: FASTEST-GROWING REGION

Recent Developments of Tower Crane Rental Market

  • In April 2025, Maxim Crane announced the acquisition of Tower crane assets from a wholly owned subsidiary of Sims Crane & Equipment Co., a prominent player in the Florida crane market.
  • In April 2025, Liebherr AG and Real Guindastes entered into a partnership under which Real Guindastes added Liebherr’s 1000 EC-H tower crane to its growing fleet. The crane will support Vale’s S11D mining complex in Para, Brazil.
  • In April 2025, Morrow invested in two Liebherr 620 HC-L Luffing cranes. The 620 HC-L combines high lifting capacity with compact design – ideal for space-constrained urban sites.
  • In February 2025, Liebherr AG launched the latest generation of Liebherr luffing jib cranes in Bauma, Munich. New models 440 HC-L 12/24 and 18/36 and 620 HC-L 18/36 mark a major update to the HC-L series. The performance values have significantly improved, resulting in a reduced out-of-service time.

Key Market Players

KEY PLAYERS IN THE TOWER CRANE RENTAL MARKET INCLUDE

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Scope of the Report

Report Metric Details
Market size available for years 2023-2030
Base Year Considered 2024
Forecast period 2025-2030
Forecast units Value (USD Million), Volume (Units)
Segments covered Capacity, End-use Industry, and Region
Geographies covered Asia Pacific, North America, Europe, Middle East & Africa, and South America

 

Key Questions Addressed by the Report

What are the major drivers influencing the growth of the tower crane rental market?

Increased construction and infrastructure projects, and a growing emphasis on smart city developments.

What are the major challenges in the tower crane rental market?

High maintenance and operating costs, lack of skilled labor force, and maintenance and repair-related issues.

What are the restraining factors in the tower crane rental market?

Preference for old cranes by rental companies, price wars, reduced profit margins, and financial constraints for new entrants.

What is the key opportunity in the tower crane rental market?

Increasing requirements for installing and maintaining wind turbines, technological advancements, and digitalization of equipment present significant opportunities for market expansion.

Who are the key players in the tower crane rental market?

Liebherr AG (Switzerland), Bigge Crane and Rigging Co. (US), Ace Construction Equipment Ltd. (India), Leavitt Cranes (US), Wasel GmbH (Germany), Falcon Tower Crane Services Ltd. (Ireland), Rapicon Inc. (US), NFT Group Skycrane (Saudi Arabia), Skycrane (Canada), and Maxim Crane Works (US).

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
24
RESEARCH METHODOLOGY
28
EXECUTIVE SUMMARY
38
PREMIUM INSIGHTS
42
MARKET OVERVIEW
45
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Growth in construction and infrastructure projects
    - Increasing emphasis on smart city developments
    RESTRAINTS
    - Preference for old cranes by tower crane rental companies
    - Price wars, reduced profit margins, and financial constraints for new entrants
    OPPORTUNITIES
    - Increasing requirements for installation and maintenance of wind turbines
    - Technological advancements and digitalization of equipment
    CHALLENGES
    - High maintenance and operating costs
    - Lack of skilled labor and maintenance and repair-related issues
  • 5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • 5.4 ECOSYSTEM ANALYSIS
  • 5.5 VALUE CHAIN ANALYSIS
  • 5.6 TARIFF AND REGULATORY LANDSCAPE
    TARIFF ANALYSIS (HS CODE 842620)
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    KEY REGULATIONS
    - GB/T 5031-2019
    - EN 14439:2006
    - ASME B30.3
  • 5.7 PRICING ANALYSIS
    AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY END-USE INDUSTRY, 2024
    AVERAGE SELLING PRICE TREND, BY REGION, 2023–2030
  • 5.8 TRADE ANALYSIS
    EXPORT SCENARIO (HS CODE 842620)
    IMPORT SCENARIO (HS CODE 842620)
  • 5.9 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGIES
    - LiDAR technology transforming tower crane anticollision systems
    - Active BIM for optimal tower crane positioning
    COMPLEMENTARY TECHNOLOGIES
    - Remote crane monitoring systems
    ADJACENT TECHNOLOGIES
    - Variable Frequency Drives (VFDs)
  • 5.10 IMPACT OF GEN AI/AI ON TOWER CRANE RENTAL MARKET
    INTRODUCTION
    IMPACT OF GEN AI ON TOWER CRANE RENTAL MARKET
  • 5.11 PATENT ANALYSIS
    INTRODUCTION
  • 5.12 CASE STUDY ANALYSIS
    CUSTOMIZED COMANSA TOWER CRANE DELIVERS RELIABLE HEAVY LIFTING FOR AIBEL’S OFFSHORE PLATFORM PROJECT
    INDIA’S HISTORIC ANJI KHAD CABLE-STAYED RAILWAY BRIDGE CONSTRUCTION
    EFFICIENT LIFTING SUPPORT WITH LIEBHERR 81.1K SELF ERECTING TOWER CRANE AT YATE HOUSING PROJECT
  • 5.13 KEY CONFERENCES AND EVENTS, 2025–2026
  • 5.14 PORTER’S FIVE FORCES ANALYSIS
    THREAT OF NEW ENTRANTS
    THREAT OF SUBSTITUTES
    BARGAINING POWER OF SUPPLIERS
    BARGAINING POWER OF BUYERS
    INTENSITY OF COMPETITIVE RIVALRY
  • 5.15 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
  • 5.16 MACROECONOMIC ANALYSIS
    INTRODUCTION
    GDP TRENDS AND FORECASTS
  • 5.17 IMPACT OF 2025 US TARIFF ON TOWER CRANE RENTAL MARKET
    INTRODUCTION
    KEY TARIFF RATES
    PRICE IMPACT ANALYSIS
    IMPACT ON COUNTRIES/REGIONS
    - US
    - China
    - Germany
    IMPACT ON END-USE INDUSTRIES
  • 5.18 INVESTMENT AND FUNDING SCENARIO
TOWER CRANE RENTAL MARKET, BY CAPACITY
84
  • 6.1 INTRODUCTION
  • 6.2 LOW (5 TO 20 TON)
    VERSATILITY, ACCESSIBILITY, AND COST-EFFECTIVENESS ACROSS APPLICATIONS TO DRIVE DEMAND
  • 6.3 LOW TO MEDIUM (20 TO 100 TON)
    UTILITY IN RESIDENTIAL, COMMERCIAL CONSTRUCTION, INFRASTRUCTURE MAINTENANCE, AND LANDSCAPING PROJECTS TO FUEL DEMAND
  • 6.4 HEAVY (100 TO 500 TON)
    APPLICATIONS IN LARGE-SCALE CONSTRUCTION PROJECTS, HEAVY INDUSTRY, AND SPECIALIZED LIFTING TO DRIVE DEMAND
  • 6.5 EXTREME HEAVY (>500 TON)
    DEMAND IN CONSTRUCTION, ENERGY, MINING, AND MARITIME SECTORS TO DRIVE MARKET
TOWER CRANE RENTAL MARKET, BY PRODUCT TYPE
89
  • 7.1 INTRODUCTION
  • 7.2 SELF-ERECTING CRANE
    OPERATIONAL EFFICIENCY, RAPID DEPLOYMENT, AND SUITABILITY FOR COMPACT CONSTRUCTION SITES TO BOOST DEMAND
  • 7.3 HAMMERHEAD CRANE
    HIGH ADAPTABILITY IN LARGE-SCALE CONSTRUCTION PROJECTS TO FUEL GROWTH
  • 7.4 LUFFING JIB TOWER CRANE
    OPERATION IN HIGHLY CONGESTED CONSTRUCTION ENVIRONMENTS WITH MINIMAL SWING RADIUS AND SUPERIOR VERTICAL REACH TO DRIVE DEMAND
  • 7.5 MOBILE TOWER CRANE
    QUICK DEPLOYMENT, HIGH MOBILITY, AND VERSATILE LIFTING CAPABILITIES TO DRIVE MARKET
  • 7.6 OTHER PRODUCT TYPES
TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY
95
  • 8.1 INTRODUCTION
  • 8.2 BUILDING & CONSTRUCTION
    ENHANCED PRODUCTIVITY, ACCELERATED PROJECT TIMELINES, AND SAFETY TO DRIVE MARKET
  • 8.3 INFRASTRUCTURE
    LIFTING SOLUTIONS IN CONSTRUCTION, MAINTENANCE, AND DEVELOPMENT PROJECTS TO FUEL GROWTH
  • 8.4 ENERGY & POWER
    DIVERSE RANGE OF LIFTING SOLUTIONS TO DRIVE MARKET
  • 8.5 MARINE & OFFSHORE
    DEMAND FOR CONSTRUCTION, MAINTENANCE, SHIPBUILDING, AND HANDLING HEAVY EQUIPMENT TO BOOST MARKET
  • 8.6 OTHER END-USE INDUSTRIES
TOWER CRANE RENTAL MARKET, BY REGION
102
  • 9.1 INTRODUCTION
  • 9.2 ASIA PACIFIC
    ASIA PACIFIC: TOWER CRANE RENTAL MARKET, BY CAPACITY
    ASIA PACIFIC: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY
    ASIA PACIFIC: TOWER CRANE RENTAL MARKET, BY COUNTRY
    - China
    - India
    - Japan
    - South Korea
    - Australia
    - Rest of Asia Pacific
  • 9.3 NORTH AMERICA
    NORTH AMERICA: TOWER CRANE RENTAL MARKET, BY CAPACITY
    NORTH AMERICA: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY
    NORTH AMERICA: TOWER CRANE RENTAL MARKET, BY COUNTRY
    - US
    - Canada
    - Mexico
  • 9.4 EUROPE
    EUROPE: TOWER CRANE RENTAL MARKET, BY CAPACITY
    EUROPE: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY
    EUROPE: TOWER CRANE RENTAL MARKET, BY COUNTRY
    - Germany
    - UK
    - France
    - Switzerland
    - Italy
    - Spain
    - Rest of Europe
  • 9.5 MIDDLE EAST & AFRICA
    MIDDLE EAST & AFRICA: TOWER CRANE RENTAL MARKET, BY CAPACITY
    MIDDLE EAST & AFRICA: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY
    MIDDLE EAST & AFRICA: TOWER CRANE RENTAL MARKET, BY COUNTRY
    GCC COUNTRIES
    - Saudi Arabia
    - UAE
    - Rest of GCC countries
    - South Africa
    - Rest of Middle East & Africa
  • 9.6 SOUTH AMERICA
    SOUTH AMERICA: TOWER CRANE RENTAL MARKET, BY CAPACITY
    SOUTH AMERICA: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY
    SOUTH AMERICA: TOWER CRANE RENTAL MARKET, BY COUNTRY
    - Brazil
    - Argentina
    - Rest of South America
COMPETITIVE LANDSCAPE
150
  • 10.1 OVERVIEW
  • 10.2 KEY PLAYERS STRATEGIES/ RIGHT TO WIN
  • 10.3 MARKET SHARE ANALYSIS
  • 10.4 BRAND/PRODUCT COMPARISON
  • 10.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT: KEY PLAYERS, 2024
    - Company footprint
    - Region footprint
    - Capacity footprint
    - Product type footprint
    - End-use industry footprint
  • 10.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024
    - Detailed list of key startups/SMEs
    COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
  • 10.7 COMPETITIVE SCENARIO
    PRODUCT LAUNCHES
    DEALS
COMPANY PROFILES
169
  • 11.1 KEY PLAYERS
    LIEBHERR
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    BIGGE CRANE AND RIGGING CO.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    ACTION CONSTRUCTION EQUIPMENT LTD.
    - Business overview
    - Products/Solutions/Services offered
    - MnM view
    LEAVITT CRANES
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    WASEL GMBH
    - Business overview
    - Products/Solutions/Services offered
    - MnM view
    FALCON TOWER CRANE SERVICES LTD.
    - Business overview
    - Products/Solutions/Services offered
    - MnM view
    RAPICON INC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    NFT GROUP
    - Business overview
    - Products/Solutions/Services offered
    - MnM view
    SKYCRANE
    - Business overview
    - Products/Solutions/Services offered
    - MnM view
    MAXIM CRANE WORKS
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    SARENS N.V./S.A.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    UPERIO
    - Business overview
    - Products/Solutions/Services offered
    - MnM view
    WOLFFKRAN INTERNATIONAL AG
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    AINSCOUGH CRANE HIRE
    - Business overview
    - Products/Solutions/Services offered
    - MnM view
    VMS EQUIPMENT
    - Business overview
    - Products/Solutions/Services offered
    - MnM view
  • 11.2 OTHER PLAYERS
    MORROW EQUIPMENT COMPANY, LLC
    STAFFORD TOWER CRANES
    TAT HONG HOLDINGS LTD.
    NESSCAMPBELL CRANE + RIGGING
    HERKULES S.A.
    MAMMOET
    ENG CRANES SRL
    VAN DER SPEK NV
    RELIABLE CRANE SERVICE
    SANGHVI MOVERS LIMITED
ADJACENT & RELATED MARKET
212
  • 12.1 INTRODUCTION
  • 12.2 LIMITATIONS
  • 12.3 CRANE RENTAL MARKET
    MARKET DEFINITION
    CRANE RENTAL MARKET, BY TYPE
    CRANE RENTAL MARKET, BY END-USE INDUSTRY
    CRANE RENTAL MARKET, BY WEIGHTLIFTING CAPACITY
    CRANE RENTAL MARKET, BY REGION
APPENDIX
219
  • 13.1 DISCUSSION GUIDE
  • 13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 13.3 CUSTOMIZATION OPTIONS
  • 13.4 RELATED REPORTS
  • 13.5 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 INFRASTRUCTURE DEVELOPMENT PROJECTS
  • TABLE 2 ROLES OF COMPANIES IN TOWER CRANE RENTAL ECOSYSTEM
  • TABLE 3 TARIFF DATA FOR HS CODE 842620-COMPLIANT PRODUCTS, BY COUNTRY, 2024
  • TABLE 4 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, INDUSTRY ASSOCIATIONS, AND OTHER ORGANIZATIONS
  • TABLE 5 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, INDUSTRY ASSOCIATIONS, AND OTHER ORGANIZATIONS
  • TABLE 6 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, INDUSTRY ASSOCIATIONS, AND OTHER ORGANIZATIONS
  • TABLE 7 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, INDUSTRY ASSOCIATIONS, AND OTHER ORGANIZATIONS
  • TABLE 8 SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, INDUSTRY ASSOCIATIONS, AND OTHER ORGANIZATIONS
  • TABLE 9 INDICATIVE PRICING ANALYSIS OF TOWER CRANE RENTAL OFFERED BY KEY PLAYERS, BY END-USE INDUSTRY, 2024 (USD/UNIT)
  • TABLE 10 AVERAGE SELLING PRICE TREND OF TOWER CRANE RENTAL, BY REGION, 2023–2030 (USD/UNIT)
  • TABLE 11 EXPORT DATA RELATED TO HS CODE 842620-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION)
  • TABLE 12 IMPORT DATA RELATED TO HS CODE 842620-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION)
  • TABLE 13 TOWER CRANE RENTAL MARKET: LIST OF KEY PATENTS, 2022–2024
  • TABLE 14 TOWER CRANE RENTAL MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2025–2026
  • TABLE 15 TOWER CRANE RENTAL MARKET: PORTER’S FIVE FORCES ANALYSIS
  • TABLE 16 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY END-USE INDUSTRIES
  • TABLE 17 BUYING CRITERIA FOR KEY END-USE INDUSTRIES
  • TABLE 18 GLOBAL GDP GROWTH PROJECTION, BY REGION, 2021–2028 (USD TRILLION)
  • TABLE 19 TOWER CRANE RENTAL MARKET, BY CAPACITY, 2023–2030 (USD MILLION)
  • TABLE 20 TOWER CRANE RENTAL MARKET, BY CAPACITY, 2023–2030 (UNIT)
  • TABLE 21 TOWER CRANE RENTAL MARKET, BY PRODUCT TYPE, 2023–2030 (USD MILLION)
  • TABLE 22 TOWER CRANE RENTAL MARKET, BY PRODUCT TYPE, 2023–2030 (UNIT)
  • TABLE 23 TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION)
  • TABLE 24 TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (UNIT)
  • TABLE 25 TOWER CRANE RENTAL MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 26 TOWER CRANE RENTAL MARKET, BY REGION, 2023–2030 (UNIT)
  • TABLE 27 ASIA PACIFIC: TOWER CRANE RENTAL MARKET, BY CAPACITY, 2023–2030 (USD MILLION)
  • TABLE 28 ASIA PACIFIC: TOWER CRANE RENTAL MARKET, BY CAPACITY, 2023–2030 (UNIT)
  • TABLE 29 ASIA PACIFIC: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION)
  • TABLE 30 ASIA PACIFIC: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (UNIT)
  • TABLE 31 ASIA PACIFIC: TOWER CRANE RENTAL MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
  • TABLE 32 ASIA PACIFIC: TOWER CRANE RENTAL MARKET, BY COUNTRY, 2023–2030 (UNIT)
  • TABLE 33 CHINA: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION)
  • TABLE 34 CHINA: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (UNIT)
  • TABLE 35 INDIA: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION)
  • TABLE 36 INDIA: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (UNIT)
  • TABLE 37 JAPAN: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION)
  • TABLE 38 JAPAN: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (UNIT)
  • TABLE 39 SOUTH KOREA: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION)
  • TABLE 40 SOUTH KOREA: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (UNIT)
  • TABLE 41 AUSTRALIA: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION)
  • TABLE 42 AUSTRALIA: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (UNIT)
  • TABLE 43 REST OF ASIA PACIFIC: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION)
  • TABLE 44 REST OF ASIA PACIFIC: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (UNIT)
  • TABLE 45 NORTH AMERICA: TOWER CRANE RENTAL MARKET, BY CAPACITY, 2023–2030 (USD MILLION)
  • TABLE 46 NORTH AMERICA: TOWER CRANE RENTAL MARKET, BY CAPACITY, 2023–2030 (UNIT)
  • TABLE 47 NORTH AMERICA: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION)
  • TABLE 48 NORTH AMERICA: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (UNIT)
  • TABLE 49 NORTH AMERICA: TOWER CRANE RENTAL MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
  • TABLE 50 NORTH AMERICA: TOWER CRANE RENTAL MARKET, BY COUNTRY, 2023–2030 (UNIT)
  • TABLE 51 US: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION)
  • TABLE 52 US: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (UNIT)
  • TABLE 53 CANADA: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION)
  • TABLE 54 CANADA: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (UNIT)
  • TABLE 55 MEXICO: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION)
  • TABLE 56 MEXICO: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (UNIT)
  • TABLE 57 EUROPE: TOWER CRANE RENTAL MARKET, BY CAPACITY, 2023–2030 (USD MILLION)
  • TABLE 58 EUROPE: TOWER CRANE RENTAL MARKET, BY CAPACITY, 2023–2030 (UNIT)
  • TABLE 59 EUROPE: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION)
  • TABLE 60 EUROPE: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (UNIT)
  • TABLE 61 EUROPE: TOWER CRANE RENTAL MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
  • TABLE 62 EUROPE: TOWER CRANE RENTAL MARKET, BY COUNTRY, 2023–2030 (UNIT)
  • TABLE 63 GERMANY: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION)
  • TABLE 64 GERMANY: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (UNIT)
  • TABLE 65 UK: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION)
  • TABLE 66 UK: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (UNIT)
  • TABLE 67 FRANCE: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION)
  • TABLE 68 FRANCE: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (UNIT)
  • TABLE 69 SWITZERLAND: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION)
  • TABLE 70 SWITZERLAND: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (UNIT)
  • TABLE 71 ITALY: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION)
  • TABLE 72 ITALY: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (UNIT)
  • TABLE 73 SPAIN: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION)
  • TABLE 74 SPAIN: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (UNIT)
  • TABLE 75 REST OF EUROPE: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION)
  • TABLE 76 REST OF EUROPE: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (UNIT)
  • TABLE 77 MIDDLE EAST & AFRICA: TOWER CRANE RENTAL MARKET, BY CAPACITY, 2023–2030 (USD MILLION)
  • TABLE 78 MIDDLE EAST & AFRICA: TOWER CRANE RENTAL MARKET, BY CAPACITY, 2023–2030 (UNIT)
  • TABLE 79 MIDDLE EAST & AFRICA: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION)
  • TABLE 80 MIDDLE EAST & AFRICA: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (UNIT)
  • TABLE 81 MIDDLE EAST & AFRICA: TOWER CRANE RENTAL MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
  • TABLE 82 MIDDLE EAST & AFRICA: TOWER CRANE RENTAL MARKET, BY COUNTRY, 2023–2030 (UNIT)
  • TABLE 83 SAUDI ARABIA: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION)
  • TABLE 84 SAUDI ARABIA: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (UNIT)
  • TABLE 85 UAE: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION)
  • TABLE 86 UAE: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (UNIT)
  • TABLE 87 REST OF GCC COUNTRIES: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION)
  • TABLE 88 REST OF GCC COUNTRIES: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (UNIT)
  • TABLE 89 SOUTH AFRICA: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION)
  • TABLE 90 SOUTH AFRICA: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (UNIT)
  • TABLE 91 REST OF MIDDLE EAST & AFRICA: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION)
  • TABLE 92 REST OF MIDDLE EAST & AFRICA: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (UNIT)
  • TABLE 93 SOUTH AMERICA: TOWER CRANE RENTAL MARKET, BY CAPACITY, 2023–2030 (USD MILLION)
  • TABLE 94 SOUTH AMERICA: TOWER CRANE RENTAL MARKET, BY CAPACITY, 2023–2030 (UNIT)
  • TABLE 95 SOUTH AMERICA: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION)
  • TABLE 96 SOUTH AMERICA: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (UNIT)
  • TABLE 97 SOUTH AMERICA: TOWER CRANE RENTAL MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
  • TABLE 98 SOUTH AMERICA: TOWER CRANE RENTAL MARKET, BY COUNTRY, 2023–2030 (UNIT)
  • TABLE 99 BRAZIL: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY 2023–2030 (USD MILLION)
  • TABLE 100 BRAZIL: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (UNIT)
  • TABLE 101 ARGENTINA: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION)
  • TABLE 102 ARGENTINA: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (UNIT)
  • TABLE 103 REST OF SOUTH AMERICA: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (USD MILLION)
  • TABLE 104 REST OF SOUTH AMERICA: TOWER CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2023–2030 (UNIT)
  • TABLE 105 TOWER CRANE RENTAL MARKET: OVERVIEW OF STRATEGIES ADOPTED BY MARKET PLAYERS BETWEEN JANUARY 2019 AND MAY 2025
  • TABLE 106 TOWER CRANE RENTAL MARKET: DEGREE OF COMPETITION
  • TABLE 107 TOWER CRANE RENTAL MARKET: REGION FOOTPRINT
  • TABLE 108 TOWER CRANE RENTAL MARKET: CAPACITY FOOTPRINT
  • TABLE 109 TOWER CRANE RENTAL MARKET: PRODUCT TYPE FOOTPRINT
  • TABLE 110 TOWER CRANE RENTAL MARKET: END-USE INDUSTRY FOOTPRINT
  • TABLE 111 TOWER CRANE RENTAL MARKET: DETAILED LIST OF KEY STARTUPS/SMES
  • TABLE 112 TOWER CRANE RENTAL MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES (1/2)
  • TABLE 113 TOWER CRANE RENTAL MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES (2/2)
  • TABLE 114 TOWER CRANE RENTAL MARKET: PRODUCT LAUNCHES, JANUARY 2019–MAY 2025
  • TABLE 115 TOWER CRANE RENTAL MARKET: DEALS, JANUARY 2019–MAY 2025
  • TABLE 116 LIEBHERR: COMPANY OVERVIEW
  • TABLE 117 LIEBHERR: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 118 LIEBHERR: PRODUCT LAUNCHES, JANUARY 2019–MAY 2025
  • TABLE 119 LIEBHERR: DEALS, JANUARY 2019–MAY 2025
  • TABLE 120 BIGGE CRANE AND RIGGING CO.: COMPANY OVERVIEW
  • TABLE 121 BIGGE CRANE AND RIGGING CO.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 122 BIGGE CRANE AND RIGGING CO.: DEALS, JANUARY 2019–MAY 2025
  • TABLE 123 ACTION CONSTRUCTION EQUIPMENT LTD.: COMPANY OVERVIEW
  • TABLE 124 ACTION CONSTRUCTION EQUIPMENT LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 125 LEAVITT CRANES: COMPANY OVERVIEW
  • TABLE 126 LEAVITT CRANES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 127 LEAVITT CRANES: DEALS, JANUARY 2019–MAY 2025
  • TABLE 128 WASEL GMBH: COMPANY OVERVIEW
  • TABLE 129 WASEL GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 130 WASEL GMBH: DEALS, JANUARY 2019–MAY 2025
  • TABLE 131 FALCON TOWER CRANE SERVICES LTD.: COMPANY OVERVIEW
  • TABLE 132 FALCON TOWER CRANE SERVICES LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 133 RAPICON INC.: COMPANY OVERVIEW
  • TABLE 134 RAPICON INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 135 RAPICON INC.: DEALS, JANUARY 2019–MAY 2025
  • TABLE 136 NFT GROUP: COMPANY OVERVIEW
  • TABLE 137 NFT GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 138 SKYCRANE: COMPANY OVERVIEW
  • TABLE 139 SKYCRANE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 140 MAXIM CRANE WORKS: COMPANY OVERVIEW
  • TABLE 141 MAXIM CRANE WORKS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 142 MAXIM CRANE WORKS: DEALS, JANUARY 2019–MAY 2025
  • TABLE 143 SARENS N.V./S.A.: COMPANY OVERVIEW
  • TABLE 144 SARENS N.V./S.A.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 145 SARENS N.V./S.A.: DEALS, JANUARY 2019–MAY 2025
  • TABLE 146 UPERIO: COMPANY OVERVIEW
  • TABLE 147 UPERIO: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 148 WOLFFKRAN INTERNATIONAL AG: COMPANY OVERVIEW
  • TABLE 149 WOLFFKRAN INTERNATIONAL AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 150 WOLFFKRAN INTERNATIONAL AG: PRODUCT LAUNCHES, JANUARY 2019–MAY 2025
  • TABLE 151 WOLFFKRAN INTERNATIONAL AG: DEALS, JANUARY 2019–MAY 2025
  • TABLE 152 AINSCOUGH CRANE HIRE: COMPANY OVERVIEW
  • TABLE 153 AINSCOUGH CRANE HIRE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 154 VMS EQUIPMENT: COMPANY OVERVIEW
  • TABLE 155 VMS EQUIPMENT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 156 MORROW EQUIPMENT COMPANY, LLC: COMPANY OVERVIEW
  • TABLE 157 STAFFORD TOWER CRANES: COMPANY OVERVIEW
  • TABLE 158 TAT HONG HOLDINGS LTD.: COMPANY OVERVIEW
  • TABLE 159 NESSCAMPBELL CRANE + RIGGING: COMPANY OVERVIEW
  • TABLE 160 HERKULES S.A.: COMPANY OVERVIEW
  • TABLE 161 MAMMOET: COMPANY OVERVIEW
  • TABLE 162 ENG CRANES SRL: COMPANY OVERVIEW
  • TABLE 163 VAN DER SPEK: COMPANY OVERVIEW
  • TABLE 164 RELIABLE CRANE SERVICE: COMPANY OVERVIEW
  • TABLE 165 SANGHVI MOVERS LIMITED: COMPANY OVERVIEW
  • TABLE 166 CRANE RENTAL MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 167 CRANE RENTAL MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 168 CRANE RENTAL MARKET, BY TYPE, 2020–2023 (UNIT)
  • TABLE 169 CRANE RENTAL MARKET, BY TYPE, 2024–2029 (UNIT)
  • TABLE 170 CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION)
  • TABLE 171 CRANE RENTAL MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION)
  • TABLE 172 CRANE RENTAL MARKET, BY WEIGHTLIFTING CAPACITY, 2020–2023 (USD MILLION)
  • TABLE 173 CRANE RENTAL MARKET, BY WEIGHTLIFTING CAPACITY, 2024–2029 (USD MILLION)
  • TABLE 174 CRANE RENTAL MARKET, BY WEIGHTLIFTING CAPACITY, 2020–2023 (UNIT)
  • TABLE 175 CRANE RENTAL MARKET, BY WEIGHTLIFTING CAPACITY, 2024–2029 (UNIT)
  • TABLE 176 CRANE RENTAL MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 177 CRANE RENTAL MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 178 CRANE RENTAL MARKET, BY REGION, 2020–2023 (UNIT)
  • TABLE 179 CRANE RENTAL MARKET, BY REGION, 2024–2029 (UNIT)
LIST OF FIGURES
 
  • FIGURE 1 TOWER CRANE RENTAL MARKET SEGMENTATION AND REGIONAL SCOPE
  • FIGURE 2 TOWER CRANE RENTAL MARKET: RESEARCH DESIGN
  • FIGURE 3 BREAKDOWN OF INTERVIEWS WITH EXPERTS
  • FIGURE 4 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
  • FIGURE 5 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
  • FIGURE 6 TOWER CRANE RENTAL MARKET: APPROACH 1
  • FIGURE 7 TOWER CRANE RENTAL MARKET: APPROACH 2
  • FIGURE 8 TOWER CRANE RENTAL MARKET: DATA TRIANGULATION
  • FIGURE 9 LOW TO MEDIUM (20 TO 100 TON) SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
  • FIGURE 10 HAMMERHEAD CRANE SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
  • FIGURE 11 BUILDING & CONSTRUCTION END-USE INDUSTRY SEGMENT TO DOMINATE MARKET IN 2030
  • FIGURE 12 ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF TOWER CRANE RENTAL MARKET IN 2024
  • FIGURE 13 HIGH-RISE CONSTRUCTION AND ACCELERATED URBAN INFRASTRUCTURE TO DRIVE MARKET
  • FIGURE 14 LOW (5 TO 20 TON) SEGMENT TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD
  • FIGURE 15 LUFFING JIB TOWER CRANE SEGMENT TO REGISTER HIGHESTGROWTH DURING FORECAST PERIOD
  • FIGURE 16 BUILDING & CONSTRUCTION SEGMENT TO REGISTER FASTEST GROWTH BETWEEN 2025 AND 2030
  • FIGURE 17 LOW TO MEDIUM (20 TO 100 TON) SEGMENT ACCOUNTED FOR LARGEST SHARE OF ASIA PACIFIC MARKET IN 2025
  • FIGURE 18 INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 19 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN TOWER CRANE RENTAL MARKET
  • FIGURE 20 GLOBAL BUILDING FLOOR AREA IN ADVANCED, EMERGING, AND DEVELOPING ECONOMIES (2010–2022) WITH PROJECTIONS FOR 2030 (BILLION M²)
  • FIGURE 21 ACTUAL AND FORECASTED WIND POWER GENERATION IN NET ZERO SCENARIO, (TWH)
  • FIGURE 22 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • FIGURE 23 TOWER CRANE RENTAL MARKET: ECOSYSTEM ANALYSIS
  • FIGURE 24 TOWER CRANE RENTAL MARKET: VALUE CHAIN ANALYSIS
  • FIGURE 25 AVERAGE SELLING PRICE TREND OF TOWER CRANE RENTAL OFFERED BY KEY PLAYERS, 2024 (USD/UNIT)
  • FIGURE 26 AVERAGE SELLING PRICE TREND OF TOWER CRANE RENTAL, BY REGION, 2023–2030 (USD/UNIT)
  • FIGURE 27 EXPORT DATA FOR HS CODE 842620-COMPLIANT PRODUCTS, BY KEY COUNTRY, 2020–2024 (USD MILLION)
  • FIGURE 28 IMPORT DATA FOR HS CODE 842620-COMPLIANT PRODUCTS, BY KEY COUNTRY, 2020–2024 (USD MILLION)
  • FIGURE 29 TOWER CRANE RENTAL MARKET: IMPACT OF AI/GEN AI
  • FIGURE 30 LIST OF MAJOR PATENTS APPLIED AND GRANTED RELATED TO TOWER CRANES, 2015–2024
  • FIGURE 31 MAJOR PATENTS APPLIED AND GRANTED RELATED TO TOWER CRANE, BY COUNTRY/REGION, 2015–2024
  • FIGURE 32 TOWER CRANE RENTAL MARKET: PORTER’S FIVE FORCES ANALYSIS
  • FIGURE 33 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY END-USE INDUSTRIES
  • FIGURE 34 BUYING CRITERIA FOR KEY END-USE INDUSTRIES
  • FIGURE 35 TOWER CRANE RENTAL MARKET: INVESTOR DEALS AND FUNDING TRENDS, 2018–2024 (USD MILLION)
  • FIGURE 36 LOW TO MEDIUM (20 TO 100 TON) CAPACITY SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD
  • FIGURE 37 HAMMERHEAD CRANE SEGMENT TO LEAD TOWER CRANE RENTAL MARKET DURING FORECAST PERIOD
  • FIGURE 38 BUILDING & CONSTRUCTION SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
  • FIGURE 39 INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 40 ASIA PACIFIC: TOWER CRANE RENTAL MARKET SNAPSHOT
  • FIGURE 41 NORTH AMERICA: TOWER CRANE RENTAL MARKET SNAPSHOT
  • FIGURE 42 EUROPE: TOWER CRANE RENTAL MARKET SNAPSHOT
  • FIGURE 43 TOWER CRANE RENTAL MARKET SHARE ANALYSIS, 2024
  • FIGURE 44 TOWER CRANE RENTAL MARKET: BRAND/PRODUCT COMPARISON
  • FIGURE 45 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
  • FIGURE 46 TOWER CRANE RENTAL MARKET: COMPANY FOOTPRINT
  • FIGURE 47 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024
  • FIGURE 48 LIEBHERR: COMPANY SNAPSHOT
  • FIGURE 49 ACTION CONSTRUCTION EQUIPMENT LTD.: COMPANY SNAPSHOT

 

The study involved four major activities to estimate the current size of the global tower crane rental market. Exhaustive secondary research was carried out to collect information on the market, the peer product market, and the parent product group market. The next step was to validate these findings, assumptions, and sizes with the industry experts across the value chain through primary research. The top-down and bottom-up approaches were employed to estimate the overall size of the tower crane rental market. After that, market breakdown and data triangulation procedures were used to determine the size of different segments and sub-segments of the market.

Secondary Research

The market for the companies offering tower crane rental is arrived at by secondary data available through paid and unpaid sources, analyzing the product portfolios of the major companies in the ecosystem, and rating the companies by their performance and quality. Various secondary sources, such as Business Standard, Bloomberg, World Bank, and Factiva, were referred to identify and collect information for this study on the tower crane rental market. In the secondary research process, various secondary sources were referred to identify and collect information related to the study. Secondary sources included annual reports, press releases, and investor presentations of tower crane rental vendors, forums, certified publications, and whitepapers. The secondary research was used to obtain critical information on the industry’s value chain, the total pool of key players, market classification, and segmentation from the market and technology-oriented perspectives.

Primary Research

In the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from several key companies and organizations operating in the tower crane rental market. After the complete market engineering (calculations for market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. Primary research was also conducted to identify the segmentation types, industry trends, competitive landscape of tower crane rental offered by various market players, and key market dynamics, such as drivers, restraints, opportunities, challenges, industry trends, and key player strategies. In the complete market engineering process, the top-down and bottom-up approaches and several data triangulation methods were extensively used to perform the market estimation and market forecasting for the overall market segments and subsegments listed in this report. Extensive qualitative and quantitative analysis was performed on the complete market engineering process to list the key information/insights throughout the report.

The following is a breakdown of the primary respondents:

Tower Crane Rental Market

Notes: Others include sales, marketing, and product managers.

Tier 1: >USD 1 Billion; Tier 2: USD 500 million–1 Billion; and Tier 3: < USD 500 Million.

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The top-down and bottom-up approaches were used to estimate and validate the size of the global tower crane rental market. These approaches were also used extensively to estimate the size of various dependent market segments. The research methodology used to estimate the market size included the following:

Tower Crane Rental Market

Data Triangulation

After arriving at the overall market size using the market size estimation processes, the market was split into several segments and subsegments. The data triangulation and market breakup procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Market Definition

The tower crane rental market is characterized by leasing tall, immobile cranes primarily employed in infrastructure projects, industrial facilities, and high-rise construction. Tower cranes are essential balance cranes that facilitate vertical construction by lifting extremely heavy loads high above the project site. These cranes can be either fixed to the ground or positioned on a building structure consisting of a mast, a jib (the horizontal arm), counterweights, and an operator cab.

Renting tower cranes provides construction companies with access to specialized equipment without the need for substantial upfront capital investment. This flexibility allows companies to adapt to varying project heights and timelines. Tower cranes are custom-fabricated in several configurations, including hammerhead, luffing jib, and self-erecting models, tailored to meet the specific requirements of diverse projects. They are particularly advantageous in lifting heavy loads and navigating tight spaces often found in urban development.

Key advantages of renting cranes include access to modern, reliable equipment that enhances project efficiency, reduced ongoing ownership costs, lower maintenance expenses, and minimized capital outlay. Most rental companies offer comprehensive services such as delivery, setup, takedown, and technical assistance at the job site throughout the rental period. Tower cranes are utilized across a broad spectrum of end-use industries, including energy and power, infrastructure, building and construction, marine, and offshore sectors.

Stakeholders

  • Tower crane rental manufacturers
  • Tower crane rental service providers
  • Raw material suppliers
  • Converters & processors
  • Distributors and traders
  • Industry associations and regulatory bodies
  • End users

Report Objectives

  • To define, describe, and forecast the size of the global tower crane rental market based on capacity, end-use industry, and region in terms of value and volume
  • To provide detailed information on the significant drivers, restraints, opportunities, and challenges influencing the market
  • To strategically analyze micromarkets concerning individual growth trends, prospects, and their contribution to the market
  • To assess the growth opportunities in the market for stakeholders and provide details on the competitive landscape for market leaders
  • To forecast the market size of segments and subsegments for North America, Europe, Asia Pacific, South America, and the Middle East & Africa
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • To analyze competitive developments such as mergers, acquisitions, product launches, expansions, partnerships, and agreements in the tower crane rental market.
  • To provide the impact of AI/Gen AI on the market

 

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Growth opportunities and latent adjacency in Tower Crane Rental Market

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