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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 | Jun 2014

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

IBISWorld’s Tower Crane Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Manitowoc Manitowoc  market share
Terex Terex  market share
Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 09-14
3.3%
Annual Growth 14-19
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Profit
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Employment
2,039
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 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 Key Buyers Chapter

The Tower Crane Manufacturing industry is highly concentrated. In 2014, IBISWorld anticipates that the top three industry operators will account for 70.3% of industry revenue. The industry's concentration level has been relatively steady in the five years to 2014, and it is expected to remain highly concentrated in the next five years. The industry's largest operators have well established brands and relationships with downstream markets, which makes it difficult for new entrants to penetrate the tower crane market. Furthermore, industry operators also suffered as a result of the recession's negative impact on construction markets. In the five years to 2014, the number of industry enterprises is anticipated to decline at an annualized rate of 2.6%... 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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