About Luffing Jib Tower Crane
Luffing jib tower cranes are used for the construction of high-rise buildings on urban job sites. These cranes are designed to work together in a wide variety of configurations efficiently and safely. These cranes are mainly used for a large project and industrial equipment installing field where large lifting capacity, high perching accuracy and high safety are required for lifting large members and equipment components.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Luffing Jib Tower Crane market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Luffing Jib Tower Crane Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Zoomlion (China), Terex Corporation (United States), Leavitt Cranes (Canada), Wolffkran (Switzerland), COMANSA (Spain), Redcrane SLU (Spain), Manitowoc Cranes (United States), SCM (Italy) and XCMG (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are DAHAN (South Korea) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Luffing Jib Tower Crane market by Type (Max. Load Capacity < 30t, Max. Load Capacity 30-50t and Max. Load Capacity > 50t), Application (Dam Building, Bridge Building, Shipyards, Power Plants and High Rise Buildings) and Region.
On the basis of geography, the market of Luffing Jib Tower Crane has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Length, the sub-segment i.e. 60 meter will boost the Luffing Jib Tower Crane market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Launch of Cranes with Advanced Features
Market Growth Drivers:
Increased Number of Building Projects Leads into Demand for Cranes, Helps To Reduce the Cost of Operations and High Demand from Oil and Gas Industry
Challenges:
Slowdown of the World Economy May Affect the Market
Restraints:
Fluctuations in the Raw Material Prices
Opportunities:
Growing Construction Industry in Developing Regions and Technological Advancements in the Luffing Jib Tower Crane
Market Leaders and their expansionary development strategies
In December 2018, Chinese crane manufacturer Zoomlion has confirmed the acquisition of German tower crane company Wilbert Turmkrane. The deal to acquire 100 percent of the German company's equity
In February 2024, Chinese crane and construction equipment manufacturer Zoomlion has launched its first hydraulic luffing jib tower crane.
Key Target Audience
Luffing Jib Tower Crane Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.