Construction Luffing Jib Tower Cranes Market size was valued at USD 3.5 Billion in 2024 and is forecasted to grow at a CAGR of 4.8% from 2026 to 2033, reaching USD 5.2 Billion by 2033.
In 2022, the global luffing jib tower cranes market was valued at approximately USD 196.5 million and is projected to reach USD 215.7 million by 2029, growing at a compound annual growth rate (CAGR) of 1.3% during the forecast period. The markets growth is primarily driven by rapid urbanization and the increasing construction of high rise buildings, particularly in densely populated urban areas where space constraints necessitate the use of luffing jib cranes. These cranes are favored for their ability to operate efficiently in confined spaces, making them indispensable in modern urban construction projects. Regionally, Asia Pacific dominated the market in 2023, accounting for approximately 35% of the total revenue, fueled by significant infrastructure development and urbanization in countries like China and India. North America contributed around 30% of the market share, with Europe following at 25%. Latin America and the Middle East & Africa each accounted for 5% of the market. The Asia Pacific region is expected to maintain the highest growth rate, driven by ongoing urbanization and substantial investments in infrastructure projects.
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XCMG
Liebherr
Manitowoc
Zoomlion
SANY
Terex
DAHAN
Fushun Yongmao
Comansa
FAVCO
SCM
Huaxia
Guangxi Construction
Saez
Wolffkran
HKTC
Jost
Jaso
Raimondi
FM Gru
Wilbert
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Construction Luffing Jib Tower Cranes Market
Top Slewing Luffing Jib Cranes
Bottom Slewing Luffing Jib Cranes
Electric Luffing Jib Cranes
Hydraulic Luffing Jib Cranes
Residential Construction
Commercial Construction
Industrial Construction
Infrastructure Development
Low Capacity (up to 10 tons)
Medium Capacity (10 to 20 tons)
High Capacity (above 20 tons)
Steel Cranes
Aluminum Cranes
Manual Luffing Jib Cranes
Remote-Controlled Luffing Jib Cranes
Automated Luffing Jib Cranes
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Construction Luffing Jib Tower Cranes Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Construction Luffing Jib Tower Cranes Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Construction Luffing Jib Tower Cranes Market, By Type
6. Global Construction Luffing Jib Tower Cranes Market, By Application
7. Global Construction Luffing Jib Tower Cranes Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Construction Luffing Jib Tower Cranes Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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