Tower Cranes Market Share

Statistics for the 2023 & 2024 Tower Cranes market share, created by Mordor Intelligence™ Industry Reports. Tower Cranes share report includes a market forecast to 2030 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Tower Crane Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

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

  1. Sany Group

  2. Terex Corporation

  3. Liebherr International AG

  4. The Manitowoc Company, Inc.

  5. Zoomlion Heavy Industry Science&Technology Co., Ltd.

  6. *Disclaimer: Major Players sorted in no particular order
Tower Crane Market Concentration

Tower Crane Market Report Snapshots