Industry Analysis & Industry Trends
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 2014. 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 2019, 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.... purchase to read more
Industry Report - Industry Locations Chapter
Industry locations and employment are influenced by the locations of downstream markets and upstream suppliers, as well as production costs (e.g. labor and material costs). Many of the industry's major players also manufacture other types of construction and mining equipment, which can affect the decision for plant placement. While smaller players are spread out geographically, the industry is highly concentrated in several states, while most states do not have any manufacturing facilities at all.
Industry activity is heavily concentrated in the Great Lakes region of the United States and, to a lesser extent, in the Plains and Southeast regions... purchase to read more