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This report studies the Luffing Jib Tower Cranes market. Luffing jib tower cranes, which are a type of top-slewing crane, have an angled rather than horizontal jib. Unlike other tower cranes which have a trolley that controls the lateral movement of the load, luffing jib cranes move their load by changing the angle of the jib. The cranes are utilized primarily in urban areas where space is constrained or in situations where several cranes are installed close together.
LPI (LP Information)' newest research report, the "Luffing Jib Tower Cranes Industry Forecast" looks at past sales and reviews total world Luffing Jib Tower Cranes sales in 2022, providing a comprehensive analysis by region and market sector of projected Luffing Jib Tower Cranes sales for 2023 through 2029. With Luffing Jib Tower Cranes sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Luffing Jib Tower Cranes industry.
This Insight Report provides a comprehensive analysis of the global Luffing Jib Tower Cranes landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Luffing Jib Tower Cranes portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Luffing Jib Tower Cranes market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Luffing Jib Tower Cranes and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Luffing Jib Tower Cranes.
The global Luffing Jib Tower Cranes market size is projected to grow from US$ 186.8 million in 2022 to US$ 206.7 million in 2029; it is expected to grow at a CAGR of 206.7 from 2023 to 2029.
Global Luffing Jib Tower Cranes key players include Zoomlion, Liebherr, SCM, Fushun Yongmao, XCMG, etc. Global top five manufacturers hold a share about 75%. China is the largest market, with a share about 65%, followed by Europe, with a share about 30 percent. In terms of product, Max. Load Capacity Below 30t is the largest segment, with a share about 80%. And in terms of application, the largest application is High Rise Buildings, followed by Bridge Building, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Luffing Jib Tower Cranes market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
- Max. Load Capacity Below 30t
- Max. Load Capacity 30-50t
- Max. Load Capacity Above 50t
Segmentation by application
- High Rise Buildings
- Bridge Building
- Others
This report also splits the market by region:
- Americas
- - United States
- - Canada
- - Mexico
- - Brazil
- APAC
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- Europe
- - Germany
- - France
- - UK
- - Italy
- - Russia
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
- Zoomlion
- SCM
- Fushun Yongmao
- XCMG
- DAHAN
- Manitowoc
- Liebherr
- WOLFFKRAN
- Terex
- FAVCO
- HKTC
Key Questions Addressed in this Report
What is the 10-year outlook for the global Luffing Jib Tower Cranes market?
What factors are driving Luffing Jib Tower Cranes market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Luffing Jib Tower Cranes market opportunities vary by end market size?
How does Luffing Jib Tower Cranes break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?