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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

IBISWorld’s Tower Crane Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 Analysis Chapter

Tower cranes are stationary, very tall and capable of lifting heavy material for the construction of tall structures. As a result, the performance of this industry is closely tied to developments in nonresidential and residential construction. The effect of the housing bubble remains discernible in the five years to 2015, with demand for tower cranes plummeting through to 2010 before regaining ground. The industry has now fully recovered, with revenue estimated to grow at an annualized rate of 9.1% to $1.1 billion over the five years to 2015. This includes more moderate growth of 2.9% in 2015, due to more saturated markets and the rising cost of real estate investment... 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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