TOWER CRANE MARKET 2018 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023
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Tower Crane Market Market MARKET 2018 Tower Crane Market Market Market 2018: Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 • Geographically, the global tower crane market has been divided into four major regions, of North America, Europe, Asia Pacific and Rest of the World. Asia Pacific, of all the regions, has accounted for the largest market share, in 2016, followed by Europe and North America. Asia Pacific is expected to grow at the highest CAGR during the forecast period. Increase in construction activities in countries such as China, Japan, India, and Indonesia in Asia Pacific region, is majorly fuels the growth of the market. Additionally, increase in industrialization, rising urbanized population, and growth in spending capacity are the factors pouring the growth in the market in Asia Pacific region. China is one of the leading markets in the Asia Pacific region. The Chinese Government issued several favorable policies for lowering the proportion of down payment for second house loans and exempting of sales tax for ordinary housing. This helped the recovery of commercial housing market. This will have a positive influence on the growth of the market. • Increasing up gradation, repair and rehabilitation of both, the existing infrastructure and power grids and distribution networks, drive the growth of the market in Europe. Germany and the U.K. are the major markets in Europe. In U.K., the construction values in both the public and private sectors is increasing, continuously. This will create huge potential demand for the market in coming years. North America is another major region for the market. The U.S. is the major markets in North America. Strong development in commercial and residential structures in the U.S., is anticipated to fuel the demand for market in the region.
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Tower Crane Market Market MARKET 2018
Market Research Analysis:• For this study, the global tower cranes market has been divided on the basis of type, and application. On the basis of type, the market has been segmented as self-erecting crane, flat top tower crane, luffing jib tower crane, and hammerhead tower crane. The hammerhead segment is expected to grow at the highest CAGR during the forecast period. Hammerhead cranes are versatile and efficient. These cranes are well suited for heavy lifting and placement duties on the most challenging jobsites. They can also help you save time on other jobsite duties by easily moving materials from one area to another.
• Self-erecting tower cranes are especially suited to construction sites that are of short duration, requiring frequent operations of transport, setting up, erection and dismantling. This crane is suitable for both, road and containerized transport. The erection is quick, and is carried out with simple and automated systems. Luffing jib tower cranes are specially designed for urban use. They have outstanding reach that needs little room for slewing motions, and a special advantage if many cranes are working at the same time on high-rise buildings and power plant sites.
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Tower Crane Market Market MARKET 2018 Regional Analysis Intended Audience: • Tower Crane manufacturers • Traders and Distributors of Tower Crane • Production Process Industries • Potential Investors • Raw Material Suppliers • Nationalized Laboratory
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Tower Crane Market Market MARKET 2018 Application & Major Players in this Research: Key Players for Tower Crane Market Market:
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Liebherr Group
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Shandong Dahan Construction Machinery Co.,Ltd
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Morrow Equipment Company
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Krøll Cranes A/S
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ABUS Kransysteme GmbH
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Shandong Dahan Construction Machinery Co.,Ltd
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