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. According to this study, over the next five years the Luffing Jib Tower Cranes market will register a 1.5% CAGR in terms of revenue, the global market size will reach US$ 200 million by 2024, from US$ 180 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Luffing Jib Tower Cranes business, shared in Chapter 3. This report presents a comprehensive overview, market shares, and growth opportunities of Luffing Jib Tower Cranes market by product type, application, key manufacturers and key regions and countries. This study considers the Luffing Jib Tower Cranes value and volume generated from the sales of the following segments: Global Luffing Jib Tower Cranes Market report features the major aspect of the market in terms of historic data, current market situations, market demand along with detailed analysis of the key players involved in the market.Luffing Jib Tower Cranes Industry report also provides essential attributes associated with Luffing Jib Tower Cranes market and act an essential tool to companies active across the value chain and to the newcomer by enabling them to capitalize the opportunities and develop business strategies.
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Global Luffing Jib Tower Cranes Market focuses on the, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa.Luffing Jib Tower Cranes business report categorizes the market based on manufacturers, regions, type and application. From a global perspective, this report represents Luffing Jib Tower Cranes market in-depth outlook by analyzing historical statistics and future prospect.
TOP MOST PLAYERS:
Market Segment by Type, covers:
Max. Load Capacity < 30t Max. Load Capacity 30-50t Max. Load Capacity > 50t
Market Segment by Applications, can be divided into:
High Rise Buildings
The prospective of this Luffing Jib Tower Cranes industry study delivers the key industry dynamic with respect to driving & limiting factors with their current and expected impact on market growth. Moreover, Luffing Jib Tower Cranes present market share and future prospects of the segment in terms of has also been explored in this report.
Global Luffing Jib Tower Cranes market report showcases qualitative and quantitative estimation by industry analysts, first-hand data, and assistance from industry experts along with each industry manufacturers by the market valuation. Luffing Jib Tower Cranes report also gives extensive analysis of market share, latest industry trends and forecast data analysis with respect to sales revenue, market growth, and demand and supply scenario.
Conclusively, the Luffing Jib Tower Cranes Market report provides major statistics on the state of the industry also it is considered as an essential source of guidance and direction for businesses and individuals involved in the market.