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| Data Timeline | Historical Data: 2022–2025 | Base Year: 2025 | Forecast Period: 2026–2034 |
|---|---|
| Type Segment | Self-Erecting, Luffing Jib, Hammer Head, Flat Top |
| Capacity Segment | Less Than 5 Ton, 6 to 10 Ton, More Than 10 Ton |
| End User Segment | Construction and Infrastructure, Mining, Energy, Others |
|---|---|
| Regions & Countries |
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Rapid urbanization in developing and developed economies Government initiatives promoting the development of smart cities The increasing demand for construction projects and development of the infrastructure sector
Significant capital investment The availability of skilled crane operators and technicians
Growing oil and gas industry Increasing number of government initiatives to encourage construction activities
Country-level data · Company profiles · Editable dataset · Analyst consultation included.
| Region / Country | 2021 (A) | 2025 (A) | 2033 (P) | CAGR |
|---|
A = Actual · E = Estimated · P = Projected · 🔒 Locked values require full access. Click headers to sort.
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The competitive landscape of the Tower Crane Rental Service market is characterized by a diverse range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established electronics manufacturers, specialized Tower Crane Rental Service companies, and emerging start-ups aiming to disrupt the market with innovative solutions.
March 2023: Bigge Crane and Rigging Co announced the acquisition of a majority stake in Empire Crane Company, enhancing their capacity to provide crane solutions across the globe with a comprehensive coast-to-coast service.
(Source: https://www.bigge.com/news-media/press-releases/bigge-and-empire-crane-make-partnership-official-perfect-fleet-comes-to-east-coast/ ) June 2020: Terex Corporation announced Cranbalt as the authorized distributor for Terex Tower Cranes in Sweden.
| Company | 2022 (A) | 2023 (A) | 2024 (A) | 2025 (A) |
|---|---|---|---|---|
| Skycrane | ••• | ••• | ••• | ••• |
| All Tower Crane | ••• | ••• | ••• | ••• |
| Zoomlion ElectroMech India Pvt. Ltd | ••• | ••• | ••• | ••• |
| Action Construction Equipment | ••• | ••• | ••• | ••• |
| Leavitt cranes | ••• | ••• | ••• | ••• |
| L.P. Crane | ••• | ••• | ••• | ••• |
| Bigge Crane & Rigging Co. | ••• | ••• | ••• | ••• |
| WASEL Gmbh | ••• | ••• | ••• | ••• |
| Falcon Tower Crane Service | ••• | ••• | ••• | ••• |
| Titan cranes & rigging | ••• | ••• | ••• | ••• |
Revenue data requires full access. *2nd & 3rd tier companies available on enquiry.
Request company profile for validation →According to Cognitive Market Research, the global Tower Crane Rental Service market size is USD 12,618.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 6.20% from 2024 to 2031.
Tower crane rental entails leasing construction equipment to end users for a specified duration through contractual agreements outlining usage terms and conditions. Construction equipment is predominantly utilized at construction and mining sites to facilitate heavy operations. India aims to bolster its infrastructure to achieve its 2025 economic growth target of US$ 5 trillion. In the Budget 2023-24, there is a notable 33% increase in the capital investment outlay for infrastructure, amounting to Rs. 10 lakh crore (US$ 122 billion), constituting 3.3% of GDP. Across developing nations in Asia, Africa, and Latin America, there is a surge in construction activity, particularly in the construction of malls and office buildings. For example, Brazil witnessed the construction of over 13 shopping malls in 2021. These multi-story shopping centers, spanning several acres of land, underscore the heightened demand for large-scale construction equipment.
For instance, In July 2021, Maxim Crane Works, L.P. acquired 51 Grove cranes from Manitowoc, a tower crane rental service provider based in Wisconsin. This strategic move aimed to diversify Maxim Crane Works' product offerings, enabling it to better serve its expanding customer base. (Source: https://www.manitowoc.com/company/news/maxim-crane-works-inks-51-grove-crane-order-to-support-its-expansion-strategy )
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| Type | Self-Erecting, Luffing Jib, Hammer Head, Flat Top |
| Capacity | Less Than 5 Ton, 6 to 10 Ton, More Than 10 Ton |
| End User | Construction and Infrastructure, Mining, Energy, Others |
| List of Competitors | Skycrane, All Tower Crane, Zoomlion ElectroMech India Pvt. Ltd, Action Construction Equipment, Leavitt cranes, L.P. Crane, Bigge Crane & Rigging Co., WASEL Gmbh, Falcon Tower Crane Service, Titan cranes & rigging |
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
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https://www.epa.gov/regulatory-information-sector/construction-sector-naics-23
https://www.usace.army.mil/Missions/Civil-Works/Engineering-and-Construction/
https://www.abs.gov.au/statistics/industry/building-and-construction
https://business.gov.au/planning/industry-information/construction-industry
https://www.usitc.gov/research_and_analysis/tradeshifts/2021/footwear
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