Tower Cranes Market Share

Market Share of Tower Cranes Industry

Key market players in the tower crane market include Manitowoc Company, Inc., SANY Global, Sarens n.v./s.a., 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 partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry. For instance,

• In August 2022, Sany Bharat expanded its presence in India. The company expanded its dealership network across Karnataka, Chennai, and Andhra Pradesh states.
• In March 2022, XL Kranlogistik signed a partnership agreement with Terex Corporation. Through this partnership, the XL Kranlogistik placed a significant order for fourteen Terex Tower Cranes to add to their already extensive Terex crane fleet.
• In May 2021, Zoomlion Heavy Industry Science & Technology Co., Ltd launched the full operation of its tower crane intelligent manufacturing (IM) factory in Hunan, China.

Tower Crane 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.

*Disclaimer: Major Players sorted in no particular order