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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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 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

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

 


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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