Luffing Jib Tower Cranes Market Regional Forecast 2023-2027: Insights into Recent Developments, and Effective Business Strategies

Luffing Jib Tower Cranes Market” Research Insights 2023-2027 report offers valuable information to support business analytics and strategic decision-making. The report examines current market opportunities, ongoing industry trends, and the latest innovations. It includes comprehensive data on top companies, successful marketing strategies, and CAGR value, as well as in-depth insights into recent developments. The report analyzes key growth patterns, sales revenue, demand-supply scenarios, and developing strategies for major market players. It also provides critical details on key suppliers. 

Who are the leading players in Luffing Jib Tower Cranes market?

  • Zoomlion
  • SCM
  • Fushun Yongmao
  • XCMG
  • Manitowoc
  • Liebherr
  • Terex
  • HKTC

{Impressive Compound annual growth rate (CAGR) With Multiple million USD}

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Short Description of Luffing Jib Tower Cranes Market:

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, According to our newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich 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 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.

To Understand How Covid-19 Impact Is Covered in This Report

On the Basis of Product Type, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into:

  • Max. Load Capacity < 30t
  • Max. Load Capacity 30-50t
  • Max. Load Capacity > 50t

On the Basis of the End Users/Applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including:

  • High Rise Buildings
  • Bridge Building

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