The global Luffing Jib Tower Cranes market was valued at 19 Million USD in 2021 and will grow with a CAGR of 1.38% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Luffing jib tower cranes, which are a type of top-slewing crane, have an angled rather than horizontal jib. Unlike other tower cranes which have a trolley that controls the lateral movement of the load, luffing jib cranes move their load by changing the angle of the jib. The cranes are utilized primarily in urban areas where space is constrained or in situations where several cranes are installed close together.China has the largest global export quantity and manufacturers in Luffing Jib Tower Cranes market, while the Europe is the second sales volume market for Luffing Jib Tower Cranes in 2016. In the industry, Zoomlion profits most in 2017 and recent years, while Liebherr and SCM ranked 2 and 3.The market share of them is 24.31%, 14.01% and 10.71% in 2017.The gap of market share is keep on enlarged due to different strategy. Nowadays, there are three mainly types of Luffing Jib Tower Cranes, including Max. Load Capacity < 30t, Max. Load Capacity 30-50t and Max. Load Capacity > 50t. And Max. Load Capacity < 30t is the main type for Luffing Jib Tower Cranes, and the Max. Load Capacity < 30t reached a sales volume of approximately 2326 Unit in 2017, with 80.85% of global sales volume. Luffing Jib Tower Cranes technology is much mature now, and new enterprises can not surpass existing famous brands on reputation or design in the short term. So, the study group recommends the new entrants need to be considered carefully before enter into this field.

By Market Verdors:

Zoomlion

SCM

Fushun Yongmao

XCMG

DAHAN

Manitowoc

Liebherr

WOLFFKRAN

Terex

FAVCO

HKTC

By Types:

Max. Load Capacity < 30t

Max. Load Capacity 30-50t

Max. Load Capacity > 50t

By Applications:

High Rise Buildings

Bridge Building

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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