Top 6 Companies Leading the Global Tower Crane Market

Yongmao Holdings Limited, The Manitowoc Company, Inc., Liebherr-International Deutschland GmbH, Terex Corporation, WOLFFKRAN Group, and Mammoet Group, among others, are key players in the global tower crane market. Other significant players include Sarens n.v./s.a., Zoomlion Heavy Industry Science&Technology Co., Ltd., Lampson International LLC, Deep South Crane & Rigging, LLC, and others.

The global tower crane market would likely grow at a CAGR of 4.5% during 2023-2028. Tower cranes are extensively used in building projects; the machines are used to lift heavy loads such as concrete and steel. Large devices like generators, motors, and acetylene torches are also moved with the help of tower cranes. Uses of tower cranes include dam construction; bridge construction; civil construction; residential construction; industry, plant, and automation; power plant; railway; marine construction; etc. Asia, North America and Europe are likely to be key markets.

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Top 6 Companies in the Global Tower Crane Market

Yongmao Holdings Limited

Yongmao Holdings Limited is involved in designing, development and production of a range of tower cranes, components and accessories. 

The Manitowoc Company, Inc.

The Manitowoc Company, Inc. is a standalone cranes business, engaged in the creation of lifting solutions and production of a variety of innovative products and excellent product support services. The company is a key provider of lifting equipment for the global construction industry, including lattice-boom crawler cranes, boom trucks, etc.

Liebherr-International Deutschland GmbH

Liebherr Group is a major construction equipment manufacturer in the world; the company also offers high-quality, user-oriented products and services in several other domains. It is a family-run technology company, and employs close to 50,000 workers in more than 140 nations. The Group’s parent company is Liebherr-International AG.

Terex Corporation

Terex Corporation is an international producer of materials processing machinery and aerial work platforms. The company designs, builds and supports products employed in maintenance, construction, energy, manufacturing, recycling, minerals and materials management applications. 

Terex produces equipment that helps set up the world's infrastructure. Offerings include Terex mobile cranes, EvoQuip compact crushing and screening equipment, Powerscreen crushing and screening equipment, Terex Finlay crushing and screening equipment, Fuchs material handlers, Terex utility aerial devices, CBI horizontal grinders and industrial wood chippers, digger derricks and auger tools, Genie telehandlers, Terex Financial Services, biomass and recycling equipment, Terex Ecotec wood processing, Terex Bid-Well concrete roller pavers, Terex front discharge mixer trucks, Terex MPS crushing and screening equipment, and Genie booms, lifts and work platforms.

WOLFFKRAN Group

WOLFFKRAN Group is engaged in the construction and use of tower cranes. The company focuses on innovation and technology to contribute to the rapid developments of material handling. The company employs nearly 800 employees across the globe, and offers a variety of trolley jib and luffing jib tower cranes. Specialties include Wippkrane, Turmdrehkrane, Shipyard maintenance, Mietkrane, Tower crane, Crane Components, and Luffing Jib cranes.

Mammoet Group

Mammoet Group offers solutions related to transporting, lifting, installing and decommissioning projects ranging from large and heavy to small and delicate structures. Specialties include Modular construction, Engineered heavy lifting and transport, Sitewide construction services, Shutdown management, Emergency response and wreck removal, Factory-to-foundation / logistics, Maintenance, Onshore and offshore decommissioning, Heavy Haul, Crane Services, Heavy Transport, Heavy Lifting, Crane rental, Industrial Services, and Load-in and Load-out.