Tower Crane Market Size, Analysis, and Forecast Report 2017-2027
Verfasser: ShashiiPawar on Tuesday, 7 November 2017Future Market Insights, in an upcoming report titled ‘Tower Crane Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027’ has assessed the global tower crane market for the decade ending in 2027. Increased demand for the building and construction segment is fuelling the tower crane market. The growth of different sectors such as real estate, civil infrastructure, and industrial construction should drive demand for energy efficient and more advanced tower cranes. The tower crane market is anticipated to record a moderate CAGR of 4.5% from 2017 to 2027.
Product Type – Hammerhead Cranes have Immense Potential in Tower Crane Market
The hammerhead crane segment is the most lucrative in the tower crane market and key stakeholders are advised to focus their attention on this product type. The hammerhead segment is expected to witness the highest CAGR of 5.2% for the forecast period, making it crucial to target. The mobile tower segment has the second largest revenue share in the tower crane market but is likely to witness a notable decline in BPS.
Capacity – 5 -10 Ton Capacity Gains at Expense of Up to 5 Tons in Tower Crane Market