Tower Cranes Industry Overview
The tower crane market is dominated by several key players such as Manitowoc Company Inc., SANY Group, Action Construction Equipment Ltd, Zoomlion Heavy Industry Science & Technology Co. Ltd, Terex Corporation, Liebherr-International AG, and XCMG Group. These market players have incorporated several strategies, including partnerships, expansions, collaborations, and joint ventures, to maintain their market positions. For instance:
- In October 2023, Potain, a leading brand in tower cranes, introduced a new self-erecting crane, the Evy 30-23 4 t. It features an impressive maximum capacity of 4 ton and a 1-ton capacity at the tip of its 30 m jib.
- In April 2023, Zoomlion Heavy Industry Science & Technology Co. Ltd launched a new tower crane named R20000-720 in China. The crane has a maximum load moment of 20,000 tons and a maximum hoisting height of 400 meters.
Tower Cranes Market Leaders
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Sany Group
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Terex Corporation
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Liebherr International AG
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The Manitowoc Company, Inc.
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Zoomlion Heavy Industry Science&Technology Co., Ltd.
- *Disclaimer: Major Players sorted in no particular order
