Luffing Jib Tower Cranes Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
A luffing-jib crane is another name for a luffing tower crane. Its design is similar to that of a hammerhead tower crane, except that the jib is latticed and can be raised and lowered in a motion known as "luffing." The most significant advantage of luffing jib tower crane is it able to lift more heavier load than that of hammerhead cranes which makes it very popular in construction activities. Another benefit of these luffing jib tower cranes is that it can work in congested area because of its less radius.
MARKET DYNAMICS
The key market drivers for luffing jib tower cranes market are, growing construction activities across the globe, increasing high rise buildings globally, advancements in tower cranes and growth in their demand. Moreover, various government initiatives for strengthening private and public construction activities across the globe is also expected to spur market growth during the forecast period. Furthermore, growing urban infrastructure and technological advancements in construction equipment are also expected to propel market growth forward. Whereas, the high cost of such cranes is the major restraining factor for the market growth.
MARKET SCOPE
The "Global Luffing jib tower cranes Market Analysis to 2031" is a specialized and in-depth study of the Luffing jib tower cranes Market with a special focus on the global market trend analysis. The report aims to provide an overview of Luffing jib tower cranes market with detailed market segmentation by product type and application. The global Luffing jib tower cranes market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Luffing jib tower cranes market player and offers key trends and opportunities in the Luffing jib tower cranes market.
MARKET SEGMENTATION
The global Luffing jib tower cranes market is segmented as, product type and application. Based on product type the market is segmented as, max. load capacity 30-50 T, max. load capacity > 50T. Based on application the market is segmented as, high-rise buildings, bridge buildings and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Luffing jib tower cranes market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Luffing jib tower cranes market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Luffing jib tower cranes market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Luffing jib tower cranes market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Luffing jib tower cranes market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Luffing jib tower cranes market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Luffing jib tower cranes market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Luffing jib tower cranes market in these regions.
MARKET PLAYERS
The reports cover key developments in the Luffing jib tower cranes market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Luffing jib tower cranes market are anticipated to lucrative growth opportunities in the future with the rising demand for Luffing jib tower cranes market. Below mentioned is the list of few companies engaged in the Luffing jib tower cranes market.
The report also includes the profiles of key Luffing jib tower cranes market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Liebherr
- WOLFFKRAN International AG
- Terex Cranes
- Shandong Dahan Construction Machinery Co., Ltd.
- The Manitowoc Company, Inc
- Comansa
- Leavitt Cranes
- Grúas Sáez, S.L
- Raimondi
- Shandong Tavol Machinery Co.,Ltd
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Luffing Jib Tower Cranes Market - By Product Type
1.3.2 Luffing Jib Tower Cranes Market - By Application
1.3.3 Luffing Jib Tower Cranes Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. LUFFING JIB TOWER CRANES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. LUFFING JIB TOWER CRANES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. LUFFING JIB TOWER CRANES MARKET - GLOBAL MARKET ANALYSIS
6.1. LUFFING JIB TOWER CRANES - GLOBAL MARKET OVERVIEW
6.2. LUFFING JIB TOWER CRANES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. LUFFING JIB TOWER CRANES MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. MAX. LOAD CAPACITY 30-50T
7.3.1. Overview
7.3.2. Max. Load Capacity 30-50t Market Forecast and Analysis
7.4. MAX. LOAD CAPACITY > 50T
7.4.1. Overview
7.4.2. Max. Load Capacity > 50t Market Forecast and Analysis
8. LUFFING JIB TOWER CRANES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. HIGH RISE BUILDINGS
8.3.1. Overview
8.3.2. High Rise Buildings Market Forecast and Analysis
8.4. BRIDGE BUILDING
8.4.1. Overview
8.4.2. Bridge Building Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. LUFFING JIB TOWER CRANES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Luffing Jib Tower Cranes Market Overview
9.1.2 North America Luffing Jib Tower Cranes Market Forecasts and Analysis
9.1.3 North America Luffing Jib Tower Cranes Market Forecasts and Analysis - By Product Type
9.1.4 North America Luffing Jib Tower Cranes Market Forecasts and Analysis - By Application
9.1.5 North America Luffing Jib Tower Cranes Market Forecasts and Analysis - By Countries
9.1.5.1 United States Luffing Jib Tower Cranes Market
9.1.5.1.1 United States Luffing Jib Tower Cranes Market by Product Type
9.1.5.1.2 United States Luffing Jib Tower Cranes Market by Application
9.1.5.2 Canada Luffing Jib Tower Cranes Market
9.1.5.2.1 Canada Luffing Jib Tower Cranes Market by Product Type
9.1.5.2.2 Canada Luffing Jib Tower Cranes Market by Application
9.1.5.3 Mexico Luffing Jib Tower Cranes Market
9.1.5.3.1 Mexico Luffing Jib Tower Cranes Market by Product Type
9.1.5.3.2 Mexico Luffing Jib Tower Cranes Market by Application
9.2. EUROPE
9.2.1 Europe Luffing Jib Tower Cranes Market Overview
9.2.2 Europe Luffing Jib Tower Cranes Market Forecasts and Analysis
9.2.3 Europe Luffing Jib Tower Cranes Market Forecasts and Analysis - By Product Type
9.2.4 Europe Luffing Jib Tower Cranes Market Forecasts and Analysis - By Application
9.2.5 Europe Luffing Jib Tower Cranes Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Luffing Jib Tower Cranes Market
9.2.5.1.1 Germany Luffing Jib Tower Cranes Market by Product Type
9.2.5.1.2 Germany Luffing Jib Tower Cranes Market by Application
9.2.5.2 France Luffing Jib Tower Cranes Market
9.2.5.2.1 France Luffing Jib Tower Cranes Market by Product Type
9.2.5.2.2 France Luffing Jib Tower Cranes Market by Application
9.2.5.3 Italy Luffing Jib Tower Cranes Market
9.2.5.3.1 Italy Luffing Jib Tower Cranes Market by Product Type
9.2.5.3.2 Italy Luffing Jib Tower Cranes Market by Application
9.2.5.4 United Kingdom Luffing Jib Tower Cranes Market
9.2.5.4.1 United Kingdom Luffing Jib Tower Cranes Market by Product Type
9.2.5.4.2 United Kingdom Luffing Jib Tower Cranes Market by Application
9.2.5.5 Russia Luffing Jib Tower Cranes Market
9.2.5.5.1 Russia Luffing Jib Tower Cranes Market by Product Type
9.2.5.5.2 Russia Luffing Jib Tower Cranes Market by Application
9.2.5.6 Rest of Europe Luffing Jib Tower Cranes Market
9.2.5.6.1 Rest of Europe Luffing Jib Tower Cranes Market by Product Type
9.2.5.6.2 Rest of Europe Luffing Jib Tower Cranes Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Luffing Jib Tower Cranes Market Overview
9.3.2 Asia-Pacific Luffing Jib Tower Cranes Market Forecasts and Analysis
9.3.3 Asia-Pacific Luffing Jib Tower Cranes Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Luffing Jib Tower Cranes Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Luffing Jib Tower Cranes Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Luffing Jib Tower Cranes Market
9.3.5.1.1 Australia Luffing Jib Tower Cranes Market by Product Type
9.3.5.1.2 Australia Luffing Jib Tower Cranes Market by Application
9.3.5.2 China Luffing Jib Tower Cranes Market
9.3.5.2.1 China Luffing Jib Tower Cranes Market by Product Type
9.3.5.2.2 China Luffing Jib Tower Cranes Market by Application
9.3.5.3 India Luffing Jib Tower Cranes Market
9.3.5.3.1 India Luffing Jib Tower Cranes Market by Product Type
9.3.5.3.2 India Luffing Jib Tower Cranes Market by Application
9.3.5.4 Japan Luffing Jib Tower Cranes Market
9.3.5.4.1 Japan Luffing Jib Tower Cranes Market by Product Type
9.3.5.4.2 Japan Luffing Jib Tower Cranes Market by Application
9.3.5.5 South Korea Luffing Jib Tower Cranes Market
9.3.5.5.1 South Korea Luffing Jib Tower Cranes Market by Product Type
9.3.5.5.2 South Korea Luffing Jib Tower Cranes Market by Application
9.3.5.6 Rest of Asia-Pacific Luffing Jib Tower Cranes Market
9.3.5.6.1 Rest of Asia-Pacific Luffing Jib Tower Cranes Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Luffing Jib Tower Cranes Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Luffing Jib Tower Cranes Market Overview
9.4.2 Middle East and Africa Luffing Jib Tower Cranes Market Forecasts and Analysis
9.4.3 Middle East and Africa Luffing Jib Tower Cranes Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Luffing Jib Tower Cranes Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Luffing Jib Tower Cranes Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Luffing Jib Tower Cranes Market
9.4.5.1.1 South Africa Luffing Jib Tower Cranes Market by Product Type
9.4.5.1.2 South Africa Luffing Jib Tower Cranes Market by Application
9.4.5.2 Saudi Arabia Luffing Jib Tower Cranes Market
9.4.5.2.1 Saudi Arabia Luffing Jib Tower Cranes Market by Product Type
9.4.5.2.2 Saudi Arabia Luffing Jib Tower Cranes Market by Application
9.4.5.3 U.A.E Luffing Jib Tower Cranes Market
9.4.5.3.1 U.A.E Luffing Jib Tower Cranes Market by Product Type
9.4.5.3.2 U.A.E Luffing Jib Tower Cranes Market by Application
9.4.5.4 Rest of Middle East and Africa Luffing Jib Tower Cranes Market
9.4.5.4.1 Rest of Middle East and Africa Luffing Jib Tower Cranes Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Luffing Jib Tower Cranes Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Luffing Jib Tower Cranes Market Overview
9.5.2 South and Central America Luffing Jib Tower Cranes Market Forecasts and Analysis
9.5.3 South and Central America Luffing Jib Tower Cranes Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Luffing Jib Tower Cranes Market Forecasts and Analysis - By Application
9.5.5 South and Central America Luffing Jib Tower Cranes Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Luffing Jib Tower Cranes Market
9.5.5.1.1 Brazil Luffing Jib Tower Cranes Market by Product Type
9.5.5.1.2 Brazil Luffing Jib Tower Cranes Market by Application
9.5.5.2 Argentina Luffing Jib Tower Cranes Market
9.5.5.2.1 Argentina Luffing Jib Tower Cranes Market by Product Type
9.5.5.2.2 Argentina Luffing Jib Tower Cranes Market by Application
9.5.5.3 Rest of South and Central America Luffing Jib Tower Cranes Market
9.5.5.3.1 Rest of South and Central America Luffing Jib Tower Cranes Market by Product Type
9.5.5.3.2 Rest of South and Central America Luffing Jib Tower Cranes Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. LUFFING JIB TOWER CRANES MARKET, KEY COMPANY PROFILES
11.1. LIEBHERR
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. WOLFFKRAN INTERNATIONAL AG
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. TEREX CRANES
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. SHANDONG DAHAN CONSTRUCTION MACHINERY CO., LTD.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. THE MANITOWOC COMPANY, INC
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. COMANSA
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. LEAVITT CRANES
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. GRúAS SáEZ, S.L
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. RAIMONDI
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SHANDONG TAVOL MACHINERY CO.,LTD
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Liebherr
2. WOLFFKRAN International AG
3. Terex Cranes
4. Shandong Dahan Construction Machinery Co., Ltd.
5. The Manitowoc Company, Inc
6. Comansa
7. Leavitt Cranes
8. Grúas Sáez, S.L
9. Raimondi
10. Shandong Tavol Machinery Co.,Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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