Tower Crane Rental Market Progresses for Huge Profits During 2022 – 2031

Global Tower Crane Rental Market report from Global Insight Services is the single authoritative source of intelligence on Tower Crane Rental Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Tower crane rental refers to the renting of a tower crane for a specific construction project. The crane is usually rented from a crane company that specializes in renting cranes. The crane company will deliver the crane to the construction site and set it up according to the specifications of the construction project. The tower crane will then be used to lift and move heavy materials and equipment during the construction process.

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Key Trends

The key trends in tower crane rental technology are:

1. Increased use of sophisticated equipment: In order to meet the demand for taller and more complex construction projects, tower crane rental companies are investing in more sophisticated equipment.

2. Improved safety features: As tower cranes are often used in precarious positions, safety is a key concern for rental companies. As such, many are investing in new safety features for their cranes, such as emergency stop buttons and automatic brakes.

3. Greater use of mobile apps: In order to make it easier for customers to book and manage their crane rental, many companies are now offering mobile apps. This allows customers to view available cranes, check prices and make bookings all from their smartphone or tablet.

Key Drivers

Some of the key drivers of the Tower Crane Rental market include the increasing construction activities, especially in developing economies, the need for efficient and safe construction methods, and the growing preference for renting tower cranes instead of purchasing them.

The construction industry is growing at a rapid pace globally, owing to the increasing population and urbanization. This is one of the major factors driving the demand for tower cranes.

The preference for renting tower cranes is increasing among construction companies, as it is a cost-effective option.

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Market Segmentation

By Type

  • Self-Erecting
  • Hammerhead Crane
  • Tower Cranes
  • Others

By End-Use

  • Residential
  • Commercial
  • Marine
  • Mining
Key Players

The global tower crane rental market includes players such as Konecranes, Liebherr, Mammoet, Maxim Crane Works L.P., Morrow Equipment Company, Morwest Crane & Services, Bigge Crane and Rigging Co, Stafford Crane Group, Leavitt Cranes, United Crane & Rigging, and others.

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