Market Share of Tower Cranes Industry
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
