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Tower Crane Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Tower Crane Manufacturing Market Research Report | Specialist Engineering, Infrastructure & Contractors | Construction Machinery Manufacturing | Feb 2015

Towering growth: The industry will benefit from accelerating construction and vertical urban growth

The Tower Crane Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Manitowoc Manitowoc  market share
Terex Terex  market share
Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 10-15
9.1%
Annual Growth 15-20
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Profit
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Employment
1,984
Businesses
21
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 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.... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Tower Crane Manufacturing industry is in the mature phase of its life cycle. IBISWorld expects the industry's value added (IVA), which measures its contribution to revenue, to increase an annualized 5.9% in the 10 years to 2020. This significantly exceeds forecast growth for US GDP over the period, which is projected at 2.5% per year on average. This accelerating contribution to total economic output is typically indicative of an emerging or growing industry, but here simply reflects the industry's rapidly recovering construction markets. In the long run, and as construction markets stabilize, the industry's value added is expected to move in line with GDP growth... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Tower Crane Manufacturing Industry?

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.

Industry Products
Self-erecting cranesTop-slewing cranesParts and accessories
 
Industry Activities
Manufacturing top-slewing tower cranesManufacturing self-erecting tower cranesManufacturing parts for tower cranes, sold separately


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