Rapid urbanization, infrastructure development, rising public private partnership along with technological advancements to drive India tower crane market through 2024
According to TechSci Research report, “India Tower Crane Market By Product Type, By Design, By Lifting Capacity, By Application, Competition, Forecast & Opportunities, 2024”, India tower crane market is anticipated to grow at a CAGR of around 16% during the forecast period, owing to technological advancements, development in infrastructure, and rising number of construction projects, which are to be completed in short span of time. Moreover, increasing disposable income, demand for high rise buildings and several public projects, are further anticipated to boost India tower crane market during the forecast period.
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India tower crane market can be segmented based on product type, by
design, by lifting capacity, by application, by region and by company. In terms
of product type, flat top tower is leading the market as it is convenient to
use during construction of high rise buildings. Among designs, top sewling dominates
the market, as major tower cranes fall in this category. Tower cranes are
majorly used for construction purposes, this is the reason construction
application segment holds the largest share in India tower crane segment. Manitowoc Cranes, Action Construction
Equipment Limited (ACE), Zoomlion
India Private Limited, Liebherr India Private Limited, and Sany Heavy
Industries India Pvt Ltd.are some of the leading players operating in India
tower crane market.
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“Western region of India dominates
India tower crane market backed by the presence of leading players and early
adoption of advanced technologies in the region. The demand for tower crane is anticipated
to increase in western region in the coming years, on account of growing demand
for high rise buildings, lot of corporate offices, several public private
partnership projects and increasing scope of high infrastructure projects in this
part of India.” said Mr. Karan Chechi, Research Director with TechSci Research,
a research based global management consulting firm.
“India Tower Crane Market By Product Type, By Design, By Lifting Capacity, By Application, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of India tower crane market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers to take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India tower crane market.
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