Summary

The self erecting tower cranes market size is projected to reach from US$ 1.65 billion in 2023 to US$ 1.04 billion by 2031; the market is expected to register a CAGR of 6.0% during 2023–2031.

As cranes are used for lifting massive loads, high-strength low-alloy (HSLA) steel is the predominant material utilized in production. Not only is this material easier to weld, but it also has a low carbon content, which boosts its longevity. Apart from steel, chromium, titanium, and nickel are also used to increase the crane’s strength. Some of the manufacturers in the self erecting tower crane procure steel hollow tubes and long steel rods from the suppliers. Then, the crane manufacturer uses these hollow tubes and steel rods to make the final product. The final product is sent for quality testing to check if the final product meets the pre-decided industry standards. Besides the raw material mentioned above, many electrical components such as control systems, wirings, informative displays, and sensors and communication devices are used for efficient operations of the crane. As the cranes are getting more technologically advanced, the need for such electric components is increasing. Many manufacturers procure such products in ready-to-install form. After the quality checking, the cranes are then sent to the distributors or the end-users. Most of the medium and large manufacturers assign the transportation and logistics part to the third-party service providers, which helps them to reduce the additional cost, ultimately increasing the profits.

The self-erecting cranes market in the Middle East & Africa is growing at a moderate pace owing to increasing construction activities in smart city development projects with government funding for infrastructure developments. Governments of various Middle Eastern countries are expected to invest more than US$ 50 billion in the development of smart city projects by 2025. Smart city development involves the addition of several types of construction equipment such as cranes, tower cranes, self-erecting cranes, and other machinery. Continuous investments and government initiatives to develop infrastructure drive the demand for self-erecting crane products. The building landscape in Saudi Arabia is undergoing a dynamic shift driven by growing trends and ambitious initiatives. The Line, a smart city concept proposed by NEOM near Riyadh in 2020, is one significant project. This project involves an investment of US$ 500 billion to redefine urban living and sustainability by 2025. This future development spans 170km and is intended to prioritize sustainability with a commitment to renewable energy and innovative transportation systems. Such initiatives are expected to boost the demand for self-erecting cranes in the region.

Liebherr International AG, The Manitowoc Co Inc., Terex Corp., FMGru S.r.l, Gruas Saez S.L, Gru Dalbe srl, Tavol Cranes Group. Co. Ltd., Dawson Group Ltd., P&J Arcomet, and Action Construction Equipment Limited are among the key self erecting tower cranes market players.

The overall self erecting tower cranes market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast of the self erecting tower cranes market size with respect to all market segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights. Participants of this process include VPs, business development managers, market intelligence managers, national sales managers, and external consultants—such as valuation experts, research analysts, and key opinion leaders—specializing in the self erecting tower cranes market.

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Table of Contents

TABLE OF CONTENTS

1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Self Erecting Cranes Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Suppliers
4.4 Pricing Analysis by Product
5. Self Erecting Cranes Market – Key Market Dynamics
5.1 Self Erecting Cranes Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Rapid Urbanization
5.2.2 Growing Construction Activities Across Globe
5.2.3 Rise in Investments in Public and Private Infrastructure Projects
5.3 Market Restraints
5.3.1 Lack of Skilled Expertise and Stringent Government Rules and Regulations Regarding Safety
5.4 Market Opportunities
5.4.1 Growing Number of Smart City Initiatives
5.5 Future Trends
5.5.1 Development of Next-Generation Self Erecting Tower Cranes
5.6 Impact of Drivers and Restraints:
6. Self Erecting Cranes Market – Global Market Analysis
6.1 Self Erecting Cranes Market Revenue (US$ Million), 2023–2031
6.2 Self Erecting Cranes Market Forecast Analysis
7. Self Erecting Cranes Market Analysis – by Application
7.1 Residential Construction
7.1.1 Overview
7.1.2 Residential Construction: Self Erecting Cranes Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Commercial Construction
7.2.1 Overview
7.2.2 Commercial Construction: Self Erecting Cranes Market – Revenue and Forecast to 2031 (US$ Million)
7.3 Others
7.3.1 Overview
7.3.2 Others: Self Erecting Cranes Market – Revenue and Forecast to 2031 (US$ Million)
8. Self Erecting Cranes Market Analysis – by Lifting Capacity
8.1 Upto 5 Tons
8.1.1 Overview
8.1.2 Upto 5 Tons: Self Erecting Cranes Market – Revenue and Forecast to 2031 (US$ Million)
8.2 5 to 10 Tons
8.2.1 Overview
8.2.2 5 to 10 Tons: Self Erecting Cranes Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Above 10 Tons
8.3.1 Overview
8.3.2 Above 10 Tons: Self Erecting Cranes Market – Revenue and Forecast to 2031 (US$ Million)
9. Self Erecting Cranes Market – Geographical Analysis
9.1 Overview
9.2 North America
9.2.1 North America Self Erecting Cranes Market Overview
9.2.2 North America: Self Erecting Cranes Market – Revenue and Forecast to 2031 (US$ Million)
9.2.3 North America: Self Erecting Cranes Market Breakdown, by Application
9.2.3.1 North America: Self Erecting Cranes Market – Revenue and Forecast Analysis – by Application
9.2.4 North America: Self Erecting Cranes Market Breakdown, by Lifting Capacity
9.2.4.1 North America: Self Erecting Cranes Market – Revenue and Forecast Analysis – by Lifting Capacity
9.2.5 North America: Self Erecting Cranes Market – Revenue and Forecast Analysis – by Country
9.2.5.1 North America: Self Erecting Cranes Market – Revenue and Forecast Analysis – by Country
9.2.5.2 United States: Self Erecting Cranes Market – Revenue and Forecast to 2031 (US$ Million)
9.2.5.2.1 United States: Self Erecting Cranes Market Breakdown, by Application
9.2.5.2.2 United States: Self Erecting Cranes Market Breakdown, by Lifting Capacity
9.2.5.3 Canada: Self Erecting Cranes Market – Revenue and Forecast to 2031 (US$ Million)
9.2.5.3.1 Canada: Self Erecting Cranes Market Breakdown, by Application
9.2.5.3.2 Canada: Self Erecting Cranes Market Breakdown, by Lifting Capacity
9.2.5.4 Mexico: Self Erecting Cranes Market – Revenue and Forecast to 2031 (US$ Million)
9.2.5.4.1 Mexico: Self Erecting Cranes Market Breakdown, by Application
9.2.5.4.2 Mexico: Self Erecting Cranes Market Breakdown, by Lifting Capacity
9.3 Europe
9.3.1 Europe Self Erecting Cranes Market Overview
9.3.2 Europe: Self Erecting Cranes Market – Revenue and Forecast to 2031 (US$ Million)
9.3.3 Europe: Self Erecting Cranes Market Breakdown, by Application
9.3.3.1 Europe: Self Erecting Cranes Market – Revenue and Forecast Analysis – by Application
9.3.4 Europe: Self Erecting Cranes Market Breakdown, by Lifting Capacity
9.3.4.1 Europe: Self Erecting Cranes Market – Revenue and Forecast Analysis – by Lifting Capacity
9.3.5 Europe: Self Erecting Cranes Market – Revenue and Forecast Analysis – by Country
9.3.5.1 Europe: Self Erecting Cranes Market – Revenue and Forecast Analysis – by Country
9.3.5.2 Germany: Self Erecting Cranes Market – Revenue and Forecast to 2031 (US$ Million)
9.3.5.2.1 Germany: Self Erecting Cranes Market Breakdown, by Application
9.3.5.2.2 Germany: Self Erecting Cranes Market Breakdown, by Lifting Capacity
9.3.5.3 France: Self Erecting Cranes Market – Revenue and Forecast to 2031 (US$ Million)
9.3.5.3.1 France: Self Erecting Cranes Market Breakdown, by Application
9.3.5.3.2 France: Self Erecting Cranes Market Breakdown, by Lifting Capacity
9.3.5.4 Italy: Self Erecting Cranes Market – Revenue and Forecast to 2031 (US$ Million)
9.3.5.4.1 Italy: Self Erecting Cranes Market Breakdown, by Application
9.3.5.4.2 Italy: Self Erecting Cranes Market Breakdown, by Lifting Capacity
9.3.5.5 United Kingdom: Self Erecting Cranes Market – Revenue and Forecast to 2031 (US$ Million)
9.3.5.5.1 United Kingdom: Self Erecting Cranes Market Breakdown, by Application
9.3.5.5.2 United Kingdom: Self Erecting Cranes Market Breakdown, by Lifting Capacity
9.3.5.6 Russia: Self Erecting Cranes Market – Revenue and Forecast to 2031 (US$ Million)
9.3.5.6.1 Russia: Self Erecting Cranes Market Breakdown, by Application
9.3.5.6.2 Russia: Self Erecting Cranes Market Breakdown, by Lifting Capacity
9.3.5.7 Rest of Europe: Self Erecting Cranes Market – Revenue and Forecast to 2031 (US$ Million)
9.3.5.7.1 Rest of Europe: Self Erecting Cranes Market Breakdown, by Application
9.3.5.7.2 Rest of Europe: Self Erecting Cranes Market Breakdown, by Lifting Capacity
9.4 Asia Pacific
9.4.1 Asia Pacific Self Erecting Cranes Market Overview
9.4.2 Asia Pacific: Self Erecting Cranes Market – Revenue and Forecast to 2031 (US$ Million)
9.4.3 Asia Pacific: Self Erecting Cranes Market Breakdown, by Application
9.4.3.1 Asia Pacific: Self Erecting Cranes Market – Revenue and Forecast Analysis – by Application
9.4.4 Asia Pacific: Self Erecting Cranes Market Breakdown, by Lifting Capacity
9.4.4.1 Asia Pacific: Self Erecting Cranes Market – Revenue and Forecast Analysis – by Lifting Capacity
9.4.5 Asia Pacific: Self Erecting Cranes Market – Revenue and Forecast Analysis – by Country
9.4.5.1 Asia Pacific: Self Erecting Cranes Market – Revenue and Forecast Analysis – by Country
9.4.5.2 Australia: Self Erecting Cranes Market – Revenue and Forecast to 2031 (US$ Million)
9.4.5.2.1 Australia: Self Erecting Cranes Market Breakdown, by Application
9.4.5.2.2 Australia: Self Erecting Cranes Market Breakdown, by Lifting Capacity
9.4.5.3 China: Self Erecting Cranes Market – Revenue and Forecast to 2031 (US$ Million)
9.4.5.3.1 China: Self Erecting Cranes Market Breakdown, by Application
9.4.5.3.2 China: Self Erecting Cranes Market Breakdown, by Lifting Capacity
9.4.5.4 India: Self Erecting Cranes Market – Revenue and Forecast to 2031 (US$ Million)
9.4.5.4.1 India: Self Erecting Cranes Market Breakdown, by Application
9.4.5.4.2 India: Self Erecting Cranes Market Breakdown, by Lifting Capacity
9.4.5.5 Japan: Self Erecting Cranes Market – Revenue and Forecast to 2031 (US$ Million)
9.4.5.5.1 Japan: Self Erecting Cranes Market Breakdown, by Application
9.4.5.5.2 Japan: Self Erecting Cranes Market Breakdown, by Lifting Capacity
9.4.5.6 South Korea: Self Erecting Cranes Market – Revenue and Forecast to 2031 (US$ Million)
9.4.5.6.1 South Korea: Self Erecting Cranes Market Breakdown, by Application
9.4.5.6.2 South Korea: Self Erecting Cranes Market Breakdown, by Lifting Capacity
9.4.5.7 Rest of Asia Pacific: Self Erecting Cranes Market – Revenue and Forecast to 2031 (US$ Million)
9.4.5.7.1 Rest of Asia Pacific: Self Erecting Cranes Market Breakdown, by Application
9.4.5.7.2 Rest of Asia Pacific: Self Erecting Cranes Market Breakdown, by Lifting Capacity
9.5 Middle East and Africa
9.5.1 Middle East and Africa Self Erecting Cranes Market Overview
9.5.2 Middle East and Africa: Self Erecting Cranes Market – Revenue and Forecast to 2031 (US$ Million)
9.5.3 Middle East and Africa: Self Erecting Cranes Market Breakdown, by Application
9.5.3.1 Middle East and Africa: Self Erecting Cranes Market – Revenue and Forecast Analysis – by Application
9.5.4 Middle East and Africa: Self Erecting Cranes Market Breakdown, by Lifting Capacity
9.5.4.1 Middle East and Africa: Self Erecting Cranes Market – Revenue and Forecast Analysis – by Lifting Capacity
9.5.5 Middle East and Africa: Self Erecting Cranes Market – Revenue and Forecast Analysis – by Country
9.5.5.1 Middle East and Africa: Self Erecting Cranes Market – Revenue and Forecast Analysis – by Country
9.5.5.2 South Africa: Self Erecting Cranes Market – Revenue and Forecast to 2031 (US$ Million)
9.5.5.2.1 South Africa: Self Erecting Cranes Market Breakdown, by Application
9.5.5.2.2 South Africa: Self Erecting Cranes Market Breakdown, by Lifting Capacity
9.5.5.3 Saudi Arabia: Self Erecting Cranes Market – Revenue and Forecast to 2031 (US$ Million)
9.5.5.3.1 Saudi Arabia: Self Erecting Cranes Market Breakdown, by Application
9.5.5.3.2 Saudi Arabia: Self Erecting Cranes Market Breakdown, by Lifting Capacity
9.5.5.4 UAE: Self Erecting Cranes Market – Revenue and Forecast to 2031 (US$ Million)
9.5.5.4.1 UAE: Self Erecting Cranes Market Breakdown, by Application
9.5.5.4.2 UAE: Self Erecting Cranes Market Breakdown, by Lifting Capacity
9.5.5.5 Rest of Middle East and Africa: Self Erecting Cranes Market – Revenue and Forecast to 2031 (US$ Million)
9.5.5.5.1 Rest of Middle East and Africa: Self Erecting Cranes Market Breakdown, by Application
9.5.5.5.2 Rest of Middle East and Africa: Self Erecting Cranes Market Breakdown, by Lifting Capacity
9.6 South America
9.6.1 South America Self Erecting Cranes Market Overview
9.6.2 South America: Self Erecting Cranes Market – Revenue and Forecast to 2031 (US$ Million)
9.6.3 South America: Self Erecting Cranes Market Breakdown, by Application
9.6.3.1 South America: Self Erecting Cranes Market – Revenue and Forecast Analysis – by Application
9.6.4 South America: Self Erecting Cranes Market Breakdown, by Lifting Capacity
9.6.4.1 South America: Self Erecting Cranes Market – Revenue and Forecast Analysis – by Lifting Capacity
9.6.5 South America: Self Erecting Cranes Market – Revenue and Forecast Analysis – by Country
9.6.5.1 South America: Self Erecting Cranes Market – Revenue and Forecast Analysis – by Country
9.6.5.2 Brazil: Self Erecting Cranes Market – Revenue and Forecast to 2031 (US$ Million)
9.6.5.2.1 Brazil: Self Erecting Cranes Market Breakdown, by Application
9.6.5.2.2 Brazil: Self Erecting Cranes Market Breakdown, by Lifting Capacity
9.6.5.3 Argentina: Self Erecting Cranes Market – Revenue and Forecast to 2031 (US$ Million)
9.6.5.3.1 Argentina: Self Erecting Cranes Market Breakdown, by Application
9.6.5.3.2 Argentina: Self Erecting Cranes Market Breakdown, by Lifting Capacity
9.6.5.4 Rest of South America: Self Erecting Cranes Market – Revenue and Forecast to 2031 (US$ Million)
9.6.5.4.1 Rest of South America: Self Erecting Cranes Market Breakdown, by Application
9.6.5.4.2 Rest of South America: Self Erecting Cranes Market Breakdown, by Lifting Capacity
10. Self Erecting Cranes Market – Impact of COVID-19 Pandemic
10.1 Pre & Post COVID-19 Impact
11. Competitive Landscape
11.1 Company Positioning & Concentration
11.2 Heat Map Analysis
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Product Development
12.4 Mergers & Acquisitions
13. Company Profiles
13.1 Liebherr-International AG
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 The Manitowoc Co Inc
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Terex Corp
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 FMGru srl
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Grúas Sáez, S.L.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Gru Dalbe srl
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Tavol Cranes Group Co. Ltd
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Dawson Group Ltd
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 P&J Arcomet
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Action Construction Equipment Limited
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners