Tower Crane Rental Market Snapshot (2023 to 2033)

The global tower crane rental market is anticipated at US$ 6.9 billion in 2022. Demand is likely to remain high for tower crane rental during the assessment period. This is due to the rapid technological advances in top-slewing tower cranes garnering US$ 12.8 billion in 2033, recording a CAGR of 5.8% from 2023 to 2033. The market is likely to secure US$ 7.3 billion in 2023.

Data Points Key Statistics
Tower Crane Rental Market Size Value in 2023 US$ 7.3 billion
Tower Crane Rental Market Forecast Value in 2033 US$ 12.8 billion
Global Growth Rate 5.8% CAGR
Forecast Period 2023 to 2033

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Key Factors Shaping the Demand Outlook of the Tower Crane Rental Industry

  • Increasing the application of tower crane rental in construction industries to augment the growth of the market
  • Increasing use of tower crane rentals in mining elevates the demand
  • Widening application of top-slewing tower crane is expected to spur the market growth
  • Growing advances in technology are expected to create new growth prospects for tower crane rental manufacturers.

Tower Crane Rental Market Revenue Analysis from 2018 to 2022 Vs Market Outlook for 2023 to 2033

Historical CAGR (2018 to 2022) 5.2%
Forecasted CAGR (2023 to 2033) 5.8%

Demand for tower crane rentals grew at 5.2% CAGR between 2018 and 2022. The outbreak of the novel COVID-19 dampened sales prospects due to restrictions on movement and disrupted supply chains.

The rapidly growing industrialization, mainly in emerging nations, and noteworthy prominence in construction and civic utility activities are anticipated to act as prime factors fueling the significant growth of the tower crane rentals market.

Tower cranes are widely used in the construction industry for the transportation of heavy materials and pre-made structures to be assembled at the location. Suspension of construction activities during the first quarter of 2020, resulted in decelerating demand for tower cranes.

With expedited vaccine drives and resumption of production activities across various sectors, FMI projects the global tower crane rentals market to achieve its pre-pandemic status over the forecast period, growing at a 5.8% CAGR

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Nikhil Kaitwade

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What are the Key Trends Driving Sales of Tower Crane Rentals?

The Increased Industrialization drives The Growth of the Tower Crane Rental Market

Rapid urbanization in developing and developed economies is spurring demand for crane rentals, and the trend is anticipated to continue over the forecast period. The government initiatives promoting the development of smart cities and improvements in the power generation sector will continue augmenting growth in the global tower crane rental market.

User-friendliness, safety, and reliability offered by tower cranes are other factors driving their adoption in a variety of end-use industries. With the adoption of tower crane rental services, manufacturers can reduce the cost of operations as rental services provide access to a range of modern equipment and operational flexibility depending upon the requirements of the manufacturers.

With the help of rental services, organizations can streamline operations such as procurement of equipment, maintenance, transportation, and asset disposal. Manufacturers operating in the tower crane rental market are emphasizing providing tower cranes equipped with advanced technological features and safety requirements. The demand for tower crane rentals is anticipated to witness upswings in the forthcoming years.

Increased Construction activity across the globe is likely to drive the Tower Crane Rental Market Growth

Increasing construction activities across the globe and rapid increase in urbanization have increased in recent years. The migration activity and shift from rural areas to urban areas contributed to escalating construction activities. The growing number of residential and commercial activities is expected to boost the sales of the tower crane rental market during the forecast period.

The increasing adoption of tower crane rentals by many end users, and the increased number of projects undertaken to upgrade the current infrastructure are factors expected to boost market growth in the near future.

Which factors may Hinder the Applications of Tower Crane Rentals?

Stringent Emission Control Legislations to Stunt Market Growth

In some regions, the construction equipment industry must comply with strict legislation to attain certain standards of construction equipment. Government authorities formed to promote environmental conservation such as the Pollution Control Agency and the Environmental Protection Agency have launched regulations to promote sustainable production activities in the construction and manufacturing industries, which is encouraging companies to minimize industrial operations that generate emissions and toxic fumes.

The lack of skilled professionals for operating tower cranes might hamper sales of tower crane rentals. This equipment is heavy and larger in size, careful handling is the most crucial step while operating tower cranes. Failure and accidents can result in social and economic losses, which can further have a negative impact on demand for tower crane rentals.

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Tower Crane Rentals Market Country-wise Insights

How Will Tower Crane Rentals Sales Fare Across China?

Increasing Infrastructural Development to Drive Market Growth in The Region.

As per FMI’s analysis, China is projected to emerge as an attractive tower crane rental market, holding 77% of the East Asia market share. The rapid expansion of the construction industry, along with investment in new projects towards the expansion of civic infrastructure in the country will continue driving sales of tower crane rentals over the forecast period.

China is home to one of the largest construction industries in the world, which requires a consistent supply of construction equipment and heavy machinery, resulting in high demand for tower cranes.

China is projected to dominate the East Asia tower crane rentals market in the forthcoming years, providing avenues for growth for key market players.

Will Germany Continue Exhibiting High Demand for Tower Crane Rentals?

Increasing Application in Commercial and Residential Sectors to Boost the Market Growth

Germany is projected to dominate the Europe tower crane rentals market, expanding at a 5.4% CAGR over the forecast period. Growth can be attributed to the presence of OEMs in the country, coupled with increasing applications of tower cranes in the residential and commercial sectors.

The market is driven by infrastructure projects, commercial developments, and residential construction.

How Will the Tower Crane Rental Market Expand Across India?

The Rapidly Growing Construction Industry Provides an Opportunity for Market Growth

India has emerged as the second largest tower crane rental market in South Asia Pacific due to the expansion of the construction sector, accounting for 45.4% of the overall sales.

Increasing construction activities and civic utility applications in India are resulting in high demand for tower cranes, which in turn is shaping the sales outlook of tower crane rentals in India positively.

The government investments in promoting infrastructural development in the country, along with increasing mining activities in India are anticipated to continue spurring demand for tower crane rentals in the forthcoming years.

Category-wise Insights

Based on the Design, Which Segment Accounts for the Highest Revenue in the Tower Crane Rental Market?

Top Slewing Tower Cranes Rentals to Remain Highly Sought After

Based on the design, the top-slewing segment is projected to account for 62.1% of the total tower crane rental market share in 2021. The demand for various tower crane design types varies from region to region.

In North America and the Middle East & Africa, top-slewing platforms are expected to contribute the maximum market share global tower crane market. Demand for top-slewing platforms in Asia Pacific is expected to propel a boost over the forecast period as industrialization and urbanization continue picking up pace.

Based on the Application, Which Segment Accounts for the Highest Revenue in the Tower Crane Rental Market?

Applications of Tower Crane Rentals in the Construction Sector to Continue Rising

As per FMI’s analysis, the construction industry accounts for 60.3% of the total tower crane rental market share. Growing demand can be attributed to the expansion of large-scale industries and the civic utilities segment, the cranes are used for small-scale infrastructure projects.

The increasing prominence of high-rise buildings in developed and developing countries across the globe is expected to drive sales of tower crane rentals over the assessment period.

By Vendor Type, Which Segment Anticipated to Generate High Revenue?

OEMs to Remain the Most-Preferred Vendor Type

The OEM segment is estimated to account for 41.4% of the total tower crane rental market share. Benefits offered by OEMs such as access to better quality and technologically advanced equipment, customization in fleet size, and aftersales services are propelling demand for tower crane rentals in the market.

The segment is projected to gain 170 BPS over independent service providers during the forecast period. With OEMs direct venturing into rental sales, the supply chain costs will be saved without the employment of external channel partners or intermediaries, allowing the OEMs to focus on customer supply contracts, aftersales services, and relationship management.

Competitive Landscape

Some prominent companies in the tower crane rental market are –

  • Konecranes
  • Liebherr
  • Mammoet
  • Maxim Crane Works, L.P.
  • Morrow Equipment Company
  • Morwest Crane & Services
  • Bigge Crane and Rigging Co
  • Stafford Crane Group
  • Leavitt Cranes
  • Value (US$ Million) ed Crane & Rigging
  • Locabens Equipamentos
  • Grumont Equipamentos Ltda
  • JASO Group
  • Arcomet
  • WOLFFKRAN International AG
  • Uperio Group
  • Al Faris
  • KAR Group
  • CC Crane Hire
  • Industrial Leasing Corporation

Leading players operating in the global tower crane rental market are focusing on intensive research and development for launching innovative products and services in the market.

Along with this, manufacturers are aiming at strategic collaborations with end-users and regional distributors to address the requirements of an expanding customer base. Brand consciousness and aggressive marketing make it challenging for new entrants in this market. For instance:

  • In July 2021, Maxim Crane Works, L.P. purchased 51 Grove cranes from Manitowoc, a Wisconsin-based tower crane rental service provider, to expand its product portfolio to cater to its growing consumer base.
  • CC Crane Hire is one of Africa's largest crane hire companies, their tower cranes are perfect for long-term, high-capacity lifting solutions. The fleet of tower cranes has a wide variety of Jib lengths, lifting capacities, and hook heights.
  • In March 2023 - Bigge Crane and Rigging Co announce the acquisition of the majority stake in Empire Crane Company, which will benefit crane buyers worldwide with a true coast-to-coast offering.

Tower Crane Rentals Market - Report Scope

Report Attribute Details
Growth Rate CAGR of 5.8% from 2023 to2033
Market Value in 2023 US$ 7.3billion
Market Value in 2033 US$ 12.8 billion
Base Year for Estimation 2022
Historical Data 2018 to 2022
Forecast Period 2023 to 2033
Quantitative Units Revenue in US$ Billion and CAGR from 2023 to 2033
Report Coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered Lifting Capacity, Design Type, Vendor Type, Application, Product type, Region
Regions Covered North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia
Key Countries Profiled United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel, Rest of MEA
Key Companies Profiled Konecranes; Liebherr; Mammoet; Maxim Crane Works, L.P.; Morrow Equipment Company; Morwest Crane & Services; Bigge Crane and Rigging Co; Stafford Crane Group; Leavitt Cranes; Value (US$ Million) ed Crane & Rigging; Locabens Equipamentos; Grumont Equipamentos Ltda; JASO Group; Arcomet; WOLFFKRAN International AG; Uperio Group; Al Faris; KAR Group; CC Crane Hire; Industrial Leasing Corporation

Global Tower Crane Rental Market by Category

By Lifting Capacity:

  • Up to 5 Tons
  • 5 - 10 Tons
  • 10 - 20 Tons
  • 20 - 50 Tons
  • Above 50 Tons

By Product Type:

  • Self-Erecting
  • Hammerhead Crane
  • Luffing Jib Tower Crane
  • Mobile Tower Crane

By Design Type:

  • Top Slewing Tower Crane

Bottom Slewing Tower Crane

By Vendor Type:

  • Original Equipment Manufacturer (OEM)
  • Independent Service Provider

By Applications:

  • Building and Construction
    • Residential and Commercial
    • Industrial
    • Civic Infrastructure
  • Marine and Sea Ports
  • Mining
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia

Frequently Asked Questions

What was the market value for the tower crane rental market in 2023?

As of 2023, the market for tower crane rental is expected to be valued at US$ 7.3 billion, as per FMI

According to FMI, what is the anticipated market value of tower crane rental in 2033?

By 2033, the market value of tower crane rental is expected to reach US$ 12.8 billion

What is the projected forecast CAGR for the tower crane rental industry from 2023 to 2033?

From 2023 to 2033, tower crane rental sales are expected to flourish at a CAGR of 5.8%

Based on application, which category ranks first in the tower crane rental market?

Based on application, the construction segment is expected to account for a CAGR of 5.7% during the forecast period.

Based on the design type, which category ranks first in the tower crane rental market?

Based on the design type, the top-slewing segment dominates the market with a CAGR of 5.6% during the forecast period.

Table of Content
1. Executive Summary
    1.1. Global Market Outlook
    1.2. Demand-side Trends
    1.3. Supply-side Trends
    1.4. Technology Roadmap Analysis
    1.5. Analysis and Recommendations
2. Market Overview
    2.1. Market Coverage / Taxonomy
    2.2. Market Definition / Scope / Limitations
3. Market Background
    3.1. Market Dynamics
        3.1.1. Drivers
        3.1.2. Restraints
        3.1.3. Opportunity
        3.1.4. Trends
    3.2. Scenario Forecast
        3.2.1. Demand in Optimistic Scenario
        3.2.2. Demand in Likely Scenario
        3.2.3. Demand in Conservative Scenario
    3.3. Opportunity Map Analysis
    3.4. Investment Feasibility Matrix
    3.5. PESTLE and Porter’s Analysis
    3.6. Regulatory Landscape
        3.6.1. By Key Regions
        3.6.2. By Key Countries
    3.7. Regional Parent Market Outlook
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
    4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
    4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
        4.2.1. Y-o-Y Growth Trend Analysis
        4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Lifting Capacity
    5.1. Introduction / Key Findings
    5.2. Historical Market Size Value (US$ Million) Analysis By Lifting Capacity, 2018 to 2022
    5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Lifting Capacity, 2023 to 2033
        5.3.1. Up to 5 Tons
        5.3.2. 5 – 10 Tons
        5.3.3. 10 – 20 Tons
        5.3.4. 20 – 50 Tons
        5.3.5. Above 50 Tons
    5.4. Y-o-Y Growth Trend Analysis By Lifting Capacity, 2018 to 2022
    5.5. Absolute $ Opportunity Analysis By Lifting Capacity, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type
    6.1. Introduction / Key Findings
    6.2. Historical Market Size Value (US$ Million) Analysis By Product Type, 2018 to 2022
    6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Product Type, 2023 to 2033
        6.3.1. Self-Erecting
        6.3.2. Hammerhead Crane
        6.3.3. Luffing Jib Tower Crane
        6.3.4. Mobile Tower Crane
    6.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022
    6.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Design Type 
    7.1. Introduction / Key Findings
    7.2. Historical Market Size Value (US$ Million) Analysis By Design Type , 2018 to 2022
    7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Design Type , 2023 to 2033
        7.3.1. Top Slewing Tower Crane
        7.3.2. Bottom Slewing Tower Crane
    7.4. Y-o-Y Growth Trend Analysis By Design Type , 2018 to 2022
    7.5. Absolute $ Opportunity Analysis By Design Type , 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vendor Type
    8.1. Introduction / Key Findings
    8.2. Historical Market Size Value (US$ Million) Analysis By Vendor Type, 2018 to 2022
    8.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Vendor Type, 2023 to 2033
        8.3.1. Original Equipment Manufacturer (OEM)
        8.3.2. Independent Service Provider
    8.4. Y-o-Y Growth Trend Analysis By Vendor Type, 2018 to 2022
    8.5. Absolute $ Opportunity Analysis By Vendor Type, 2023 to 2033
9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Applications
    9.1. Introduction / Key Findings
    9.2. Historical Market Size Value (US$ Million) Analysis By Applications, 2018 to 2022
    9.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Applications, 2023 to 2033
        9.3.1. Building and Construction
            9.3.1.1. Residential and Commercial
            9.3.1.2. Industrial
            9.3.1.3. Civic Infrastructure
        9.3.2. Marine and Sea Ports
        9.3.3. Mining
        9.3.4. Others
    9.4. Y-o-Y Growth Trend Analysis By Applications, 2018 to 2022
    9.5. Absolute $ Opportunity Analysis By Applications, 2023 to 2033
10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
    10.1. Introduction
    10.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022
    10.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033
        10.3.1. North America
        10.3.2. Latin America
        10.3.3. Western Europe
        10.3.4. Eastern Europe
        10.3.5. South Asia and Pacific
        10.3.6. East Asia
        10.3.7. Middle East and Africa
    10.4. Market Attractiveness Analysis By Region
11. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
    11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
        11.2.1. By Country
            11.2.1.1. U.S.
            11.2.1.2. Canada
        11.2.2. By Lifting Capacity
        11.2.3. By Product Type
        11.2.4. By Design Type
        11.2.5. By Vendor Type
        11.2.6. By Applications
    11.3. Market Attractiveness Analysis
        11.3.1. By Country
        11.3.2. By Lifting Capacity
        11.3.3. By Product Type
        11.3.4. By Design Type
        11.3.5. By Vendor Type
        11.3.6. By Applications
    11.4. Key Takeaways
12. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
    12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
        12.2.1. By Country
            12.2.1.1. Brazil
            12.2.1.2. Mexico
            12.2.1.3. Rest of Latin America
        12.2.2. By Lifting Capacity
        12.2.3. By Product Type
        12.2.4. By Design Type
        12.2.5. By Vendor Type
        12.2.6. By Applications
    12.3. Market Attractiveness Analysis
        12.3.1. By Country
        12.3.2. By Lifting Capacity
        12.3.3. By Product Type
        12.3.4. By Design Type
        12.3.5. By Vendor Type
        12.3.6. By Applications
    12.4. Key Takeaways
13. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
    13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
        13.2.1. By Country
            13.2.1.1. Germany
            13.2.1.2. U.K.
            13.2.1.3. France
            13.2.1.4. Spain
            13.2.1.5. Italy
            13.2.1.6. Rest of Western Europe
        13.2.2. By Lifting Capacity
        13.2.3. By Product Type
        13.2.4. By Design Type
        13.2.5. By Vendor Type
        13.2.6. By Applications
    13.3. Market Attractiveness Analysis
        13.3.1. By Country
        13.3.2. By Lifting Capacity
        13.3.3. By Product Type
        13.3.4. By Design Type
        13.3.5. By Vendor Type
        13.3.6. By Applications
    13.4. Key Takeaways
14. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
    14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
        14.2.1. By Country
            14.2.1.1. Poland
            14.2.1.2. Russia
            14.2.1.3. Czech Republic
            14.2.1.4. Romania
            14.2.1.5. Rest of Eastern Europe
        14.2.2. By Lifting Capacity
        14.2.3. By Product Type
        14.2.4. By Design Type
        14.2.5. By Vendor Type
        14.2.6. By Applications
    14.3. Market Attractiveness Analysis
        14.3.1. By Country
        14.3.2. By Lifting Capacity
        14.3.3. By Product Type
        14.3.4. By Design Type
        14.3.5. By Vendor Type
        14.3.6. By Applications
    14.4. Key Takeaways
15. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
    15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
        15.2.1. By Country
            15.2.1.1. India
            15.2.1.2. Bangladesh
            15.2.1.3. Australia
            15.2.1.4. New Zealand
            15.2.1.5. Rest of South Asia and Pacific
        15.2.2. By Lifting Capacity
        15.2.3. By Product Type
        15.2.4. By Design Type
        15.2.5. By Vendor Type
        15.2.6. By Applications
    15.3. Market Attractiveness Analysis
        15.3.1. By Country
        15.3.2. By Lifting Capacity
        15.3.3. By Product Type
        15.3.4. By Design Type
        15.3.5. By Vendor Type
        15.3.6. By Applications
    15.4. Key Takeaways
16. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    16.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
    16.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
        16.2.1. By Country
            16.2.1.1. China
            16.2.1.2. Japan
            16.2.1.3. South Korea
        16.2.2. By Lifting Capacity
        16.2.3. By Product Type
        16.2.4. By Design Type
        16.2.5. By Vendor Type
        16.2.6. By Applications
    16.3. Market Attractiveness Analysis
        16.3.1. By Country
        16.3.2. By Lifting Capacity
        16.3.3. By Product Type
        16.3.4. By Design Type
        16.3.5. By Vendor Type
        16.3.6. By Applications
    16.4. Key Takeaways
17. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    17.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
    17.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
        17.2.1. By Country
            17.2.1.1. GCC Countries
            17.2.1.2. South Africa
            17.2.1.3. Israel
            17.2.1.4. Rest of MEA
        17.2.2. By Lifting Capacity
        17.2.3. By Product Type
        17.2.4. By Design Type
        17.2.5. By Vendor Type
        17.2.6. By Applications
    17.3. Market Attractiveness Analysis
        17.3.1. By Country
        17.3.2. By Lifting Capacity
        17.3.3. By Product Type
        17.3.4. By Design Type
        17.3.5. By Vendor Type
        17.3.6. By Applications
    17.4. Key Takeaways
18. Key Countries Market Analysis
    18.1. U.S.
        18.1.1. Pricing Analysis
        18.1.2. Market Share Analysis, 2022
            18.1.2.1. By Lifting Capacity
            18.1.2.2. By Product Type
            18.1.2.3. By Design Type
            18.1.2.4. By Vendor Type
            18.1.2.5. By Applications
    18.2. Canada
        18.2.1. Pricing Analysis
        18.2.2. Market Share Analysis, 2022
            18.2.2.1. By Lifting Capacity
            18.2.2.2. By Product Type
            18.2.2.3. By Design Type
            18.2.2.4. By Vendor Type
            18.2.2.5. By Applications
    18.3. Brazil
        18.3.1. Pricing Analysis
        18.3.2. Market Share Analysis, 2022
            18.3.2.1. By Lifting Capacity
            18.3.2.2. By Product Type
            18.3.2.3. By Design Type
            18.3.2.4. By Vendor Type
            18.3.2.5. By Applications
    18.4. Mexico
        18.4.1. Pricing Analysis
        18.4.2. Market Share Analysis, 2022
            18.4.2.1. By Lifting Capacity
            18.4.2.2. By Product Type
            18.4.2.3. By Design Type
            18.4.2.4. By Vendor Type
            18.4.2.5. By Applications
    18.5. Germany
        18.5.1. Pricing Analysis
        18.5.2. Market Share Analysis, 2022
            18.5.2.1. By Lifting Capacity
            18.5.2.2. By Product Type
            18.5.2.3. By Design Type
            18.5.2.4. By Vendor Type
            18.5.2.5. By Applications
    18.6. U.K.
        18.6.1. Pricing Analysis
        18.6.2. Market Share Analysis, 2022
            18.6.2.1. By Lifting Capacity
            18.6.2.2. By Product Type
            18.6.2.3. By Design Type
            18.6.2.4. By Vendor Type
            18.6.2.5. By Applications
    18.7. France
        18.7.1. Pricing Analysis
        18.7.2. Market Share Analysis, 2022
            18.7.2.1. By Lifting Capacity
            18.7.2.2. By Product Type
            18.7.2.3. By Design Type
            18.7.2.4. By Vendor Type
            18.7.2.5. By Applications
    18.8. Spain
        18.8.1. Pricing Analysis
        18.8.2. Market Share Analysis, 2022
            18.8.2.1. By Lifting Capacity
            18.8.2.2. By Product Type
            18.8.2.3. By Design Type
            18.8.2.4. By Vendor Type
            18.8.2.5. By Applications
    18.9. Italy
        18.9.1. Pricing Analysis
        18.9.2. Market Share Analysis, 2022
            18.9.2.1. By Lifting Capacity
            18.9.2.2. By Product Type
            18.9.2.3. By Design Type
            18.9.2.4. By Vendor Type
            18.9.2.5. By Applications
    18.10. Poland
        18.10.1. Pricing Analysis
        18.10.2. Market Share Analysis, 2022
            18.10.2.1. By Lifting Capacity
            18.10.2.2. By Product Type
            18.10.2.3. By Design Type
            18.10.2.4. By Vendor Type
            18.10.2.5. By Applications
    18.11. Russia
        18.11.1. Pricing Analysis
        18.11.2. Market Share Analysis, 2022
            18.11.2.1. By Lifting Capacity
            18.11.2.2. By Product Type
            18.11.2.3. By Design Type
            18.11.2.4. By Vendor Type
            18.11.2.5. By Applications
    18.12. Czech Republic
        18.12.1. Pricing Analysis
        18.12.2. Market Share Analysis, 2022
            18.12.2.1. By Lifting Capacity
            18.12.2.2. By Product Type
            18.12.2.3. By Design Type
            18.12.2.4. By Vendor Type
            18.12.2.5. By Applications
    18.13. Romania
        18.13.1. Pricing Analysis
        18.13.2. Market Share Analysis, 2022
            18.13.2.1. By Lifting Capacity
            18.13.2.2. By Product Type
            18.13.2.3. By Design Type
            18.13.2.4. By Vendor Type
            18.13.2.5. By Applications
    18.14. India
        18.14.1. Pricing Analysis
        18.14.2. Market Share Analysis, 2022
            18.14.2.1. By Lifting Capacity
            18.14.2.2. By Product Type
            18.14.2.3. By Design Type
            18.14.2.4. By Vendor Type
            18.14.2.5. By Applications
    18.15. Bangladesh
        18.15.1. Pricing Analysis
        18.15.2. Market Share Analysis, 2022
            18.15.2.1. By Lifting Capacity
            18.15.2.2. By Product Type
            18.15.2.3. By Design Type
            18.15.2.4. By Vendor Type
            18.15.2.5. By Applications
    18.16. Australia
        18.16.1. Pricing Analysis
        18.16.2. Market Share Analysis, 2022
            18.16.2.1. By Lifting Capacity
            18.16.2.2. By Product Type
            18.16.2.3. By Design Type
            18.16.2.4. By Vendor Type
            18.16.2.5. By Applications
    18.17. New Zealand
        18.17.1. Pricing Analysis
        18.17.2. Market Share Analysis, 2022
            18.17.2.1. By Lifting Capacity
            18.17.2.2. By Product Type
            18.17.2.3. By Design Type
            18.17.2.4. By Vendor Type
            18.17.2.5. By Applications
    18.18. China
        18.18.1. Pricing Analysis
        18.18.2. Market Share Analysis, 2022
            18.18.2.1. By Lifting Capacity
            18.18.2.2. By Product Type
            18.18.2.3. By Design Type
            18.18.2.4. By Vendor Type
            18.18.2.5. By Applications
    18.19. Japan
        18.19.1. Pricing Analysis
        18.19.2. Market Share Analysis, 2022
            18.19.2.1. By Lifting Capacity
            18.19.2.2. By Product Type
            18.19.2.3. By Design Type
            18.19.2.4. By Vendor Type
            18.19.2.5. By Applications
    18.20. South Korea
        18.20.1. Pricing Analysis
        18.20.2. Market Share Analysis, 2022
            18.20.2.1. By Lifting Capacity
            18.20.2.2. By Product Type
            18.20.2.3. By Design Type
            18.20.2.4. By Vendor Type
            18.20.2.5. By Applications
    18.21. GCC Countries
        18.21.1. Pricing Analysis
        18.21.2. Market Share Analysis, 2022
            18.21.2.1. By Lifting Capacity
            18.21.2.2. By Product Type
            18.21.2.3. By Design Type
            18.21.2.4. By Vendor Type
            18.21.2.5. By Applications
    18.22. South Africa
        18.22.1. Pricing Analysis
        18.22.2. Market Share Analysis, 2022
            18.22.2.1. By Lifting Capacity
            18.22.2.2. By Product Type
            18.22.2.3. By Design Type
            18.22.2.4. By Vendor Type
            18.22.2.5. By Applications
    18.23. Israel
        18.23.1. Pricing Analysis
        18.23.2. Market Share Analysis, 2022
            18.23.2.1. By Lifting Capacity
            18.23.2.2. By Product Type
            18.23.2.3. By Design Type
            18.23.2.4. By Vendor Type
            18.23.2.5. By Applications
19. Market Structure Analysis
    19.1. Competition Dashboard
    19.2. Competition Benchmarking
    19.3. Market Share Analysis of Top Players
        19.3.1. By Regional
        19.3.2. By Lifting Capacity
        19.3.3. By Product Type
        19.3.4. By Design Type
        19.3.5. By Vendor Type
        19.3.6. By Applications
20. Competition Analysis
    20.1. Competition Deep Dive
        20.1.1. Konecranes
            20.1.1.1. Overview
            20.1.1.2. Product Portfolio
            20.1.1.3. Profitability by Market Segments
            20.1.1.4. Sales Footprint
            20.1.1.5. Strategy Overview
                20.1.1.5.1. Marketing Strategy
        20.1.2. Liebherr
            20.1.2.1. Overview
            20.1.2.2. Product Portfolio
            20.1.2.3. Profitability by Market Segments
            20.1.2.4. Sales Footprint
            20.1.2.5. Strategy Overview
                20.1.2.5.1. Marketing Strategy
        20.1.3. Mammoet
            20.1.3.1. Overview
            20.1.3.2. Product Portfolio
            20.1.3.3. Profitability by Market Segments
            20.1.3.4. Sales Footprint
            20.1.3.5. Strategy Overview
                20.1.3.5.1. Marketing Strategy
        20.1.4. Maxim Crane Works, L.P.
            20.1.4.1. Overview
            20.1.4.2. Product Portfolio
            20.1.4.3. Profitability by Market Segments
            20.1.4.4. Sales Footprint
            20.1.4.5. Strategy Overview
                20.1.4.5.1. Marketing Strategy
        20.1.5. Morrow Equipment Company
            20.1.5.1. Overview
            20.1.5.2. Product Portfolio
            20.1.5.3. Profitability by Market Segments
            20.1.5.4. Sales Footprint
            20.1.5.5. Strategy Overview
                20.1.5.5.1. Marketing Strategy
        20.1.6. Morwest Crane & Services
            20.1.6.1. Overview
            20.1.6.2. Product Portfolio
            20.1.6.3. Profitability by Market Segments
            20.1.6.4. Sales Footprint
            20.1.6.5. Strategy Overview
                20.1.6.5.1. Marketing Strategy
        20.1.7. Bigge Crane and Rigging Co.
            20.1.7.1. Overview
            20.1.7.2. Product Portfolio
            20.1.7.3. Profitability by Market Segments
            20.1.7.4. Sales Footprint
            20.1.7.5. Strategy Overview
                20.1.7.5.1. Marketing Strategy
        20.1.8. Stafford Crane Group
            20.1.8.1. Overview
            20.1.8.2. Product Portfolio
            20.1.8.3. Profitability by Market Segments
            20.1.8.4. Sales Footprint
            20.1.8.5. Strategy Overview
                20.1.8.5.1. Marketing Strategy
        20.1.9. Leavitt Cranes
            20.1.9.1. Overview
            20.1.9.2. Product Portfolio
            20.1.9.3. Profitability by Market Segments
            20.1.9.4. Sales Footprint
            20.1.9.5. Strategy Overview
                20.1.9.5.1. Marketing Strategy
        20.1.10. Value (US$ Million)ed Crane & Rigging
            20.1.10.1. Overview
            20.1.10.2. Product Portfolio
            20.1.10.3. Profitability by Market Segments
            20.1.10.4. Sales Footprint
            20.1.10.5. Strategy Overview
                20.1.10.5.1. Marketing Strategy
        20.1.11. Locabens Equipamentos
            20.1.11.1. Overview
            20.1.11.2. Product Portfolio
            20.1.11.3. Profitability by Market Segments
            20.1.11.4. Sales Footprint
            20.1.11.5. Strategy Overview
                20.1.11.5.1. Marketing Strategy
        20.1.12. Grumont Equipamentos Ltda
            20.1.12.1. Overview
            20.1.12.2. Product Portfolio
            20.1.12.3. Profitability by Market Segments
            20.1.12.4. Sales Footprint
            20.1.12.5. Strategy Overview
                20.1.12.5.1. Marketing Strategy
        20.1.13. JASO Group
            20.1.13.1. Overview
            20.1.13.2. Product Portfolio
            20.1.13.3. Profitability by Market Segments
            20.1.13.4. Sales Footprint
            20.1.13.5. Strategy Overview
                20.1.13.5.1. Marketing Strategy
        20.1.14. Arcomet
            20.1.14.1. Overview
            20.1.14.2. Product Portfolio
            20.1.14.3. Profitability by Market Segments
            20.1.14.4. Sales Footprint
            20.1.14.5. Strategy Overview
                20.1.14.5.1. Marketing Strategy
        20.1.15. WOLFFKRAN International AG
            20.1.15.1. Overview
            20.1.15.2. Product Portfolio
            20.1.15.3. Profitability by Market Segments
            20.1.15.4. Sales Footprint
            20.1.15.5. Strategy Overview
                20.1.15.5.1. Marketing Strategy
        20.1.16. Uperio Group
            20.1.16.1. Overview
            20.1.16.2. Product Portfolio
            20.1.16.3. Profitability by Market Segments
            20.1.16.4. Sales Footprint
            20.1.16.5. Strategy Overview
                20.1.16.5.1. Marketing Strategy
        20.1.17. Al Faris
            20.1.17.1. Overview
            20.1.17.2. Product Portfolio
            20.1.17.3. Profitability by Market Segments
            20.1.17.4. Sales Footprint
            20.1.17.5. Strategy Overview
                20.1.17.5.1. Marketing Strategy
        20.1.18. KAR Group
            20.1.18.1. Overview
            20.1.18.2. Product Portfolio
            20.1.18.3. Profitability by Market Segments
            20.1.18.4. Sales Footprint
            20.1.18.5. Strategy Overview
                20.1.18.5.1. Marketing Strategy
        20.1.19. CC Crane Hire
            20.1.19.1. Overview
            20.1.19.2. Product Portfolio
            20.1.19.3. Profitability by Market Segments
            20.1.19.4. Sales Footprint
            20.1.19.5. Strategy Overview
                20.1.19.5.1. Marketing Strategy
        20.1.20. Industrial Leasing Corporation
            20.1.20.1. Overview
            20.1.20.2. Product Portfolio
            20.1.20.3. Profitability by Market Segments
            20.1.20.4. Sales Footprint
            20.1.20.5. Strategy Overview
                20.1.20.5.1. Marketing Strategy
21. Assumptions & Acronyms Used
22. Research Methodology
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