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 Products Chapter
In 2014, IBISWorld anticipates that industry operators provide primarily two types of cranes, top-slewing and self-erecting. Though very similar in nature, their assembly processes and size vary, thus making them ideal for different types of construction projects. In addition to these cranes, IBISWorld expects that sales of parts and accessories will account for 21.0% of industry revenue. As a share of revenue, accessories and parts are anticipated to remain relatively stable in the next five years.
Top-slewing cranes are anticipated to be the largest source of industry revenue in 2014. Construction industries use these cranes to lift and maneuver heavy equipment and materials... purchase to read more