Delray Beach, FL, July 15, 2025 (GLOBE NEWSWIRE) — In terms of value, the Tower Crane Rental Market is expected to reach USD 22.1 billion by 2030 from USD 16.3 billion in 2024, at a CAGR of 5.2%, as per the recent study by MarketsandMarkets™. The increase in construction activity across residential, commercial, and infrastructure sectors is propelling the growth of the tower crane leasing industry at an accelerated pace. Leasing cranes reduces capital expenditures and mitigates maintenance costs, making it a financially advantageous option for firms. The incorporation of advanced technological systems—including remote controls, anti-collision mechanisms, and automated operations—substantially enhances operational safety and efficiency, often positioning leasing as the superior choice.
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Browse in-depth TOC on “Tower Crane Rental Market”
180 – Market Data Tables
70 – Figures
270 – Pages
List of Key Players in Tower Crane Rental Market:
- Liebherr AG (Germany),
- Bigge Crane and Rigging Co. (US),
- ACE Construction Equipment Ltd. (India),
- Leavitt Cranes (Canada),
- Wasel GmbH (Germany),
- Falcon Tower Crane Services Ltd. (UK),
- Rapicon Inc. (Canada),
- NFT Group (UAE),
- Skycrane (Canada),
- Maxim Crane Works (US).
Drivers, Opportunities and Challenges in Tower Crane Rental Market:
- Drivers: Growth of construction and infrastructure development projects
- Restraint: Preference for old cranes by tower crane rental companies
- Opportunity: Increasing requirements for installation and maintenance of wind turbines
- Challenge: Balancing recyclability with barrier performance in food applications
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Key Findings of the Study:
- Low to medium (20–100 tons) to be second fastest-growing segment during forecast period.
- Infrastructure to be second fastest-growing segment of tower crane rental market during forecast period.
- Asia Pacific …