The tower crane market is a crucial component of the construction industry, playing a pivotal role in the efficient and timely completion of large-scale projects. Tower cranes are tall, fixed machines equipped with a horizontal boom and a lifting hook, capable of lifting heavy loads to significant heights. The tower crane market has witnessed steady growth in recent years, driven by the surge in construction activities globally. These cranes are characterized by their tall vertical mast and horizontal boom, allowing them to lift heavy loads to great heights. They are widely used in the construction of high-rise buildings and infrastructure projects. The market is highly competitive, with several established players and constant technological innovations.
There is rising demand of tower cranes with higher capacity ratings and technologically advanced features to cater to newer construction applications that require varying hook heights, jib lengths, and capacities. So, while this is driving them to include the higher tonnage cranes in their portfolio, they are at the same time making improvements in the lighter segment, which continues to see sizeable demand.
Demand for higher tonnage tower cranes is being seen in applications like precast handling and erection, and in various industries like power plants, cement plants, refineries, hydroelectric dams, bridges, and high-rise buildings, where they provide high-capacity material handling solutions.
AS TALL AS THEY COME
Crane manufacturers in India showed high levels of business confidence at December's Excon 2023.
This story is from the February 2024 edition of Construction Week.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the February 2024 edition of Construction Week.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
HOUSING SALES IN MAJOR CITIES DROP BY 11% IN Q3 2024, SURPASSING NEW PROPERTY LAUNCHES: ANAROCK GROUP
Six salient growth levers include urbanization, demographic shifts, digitalization, sustainability
INDIAN REAL ESTATE SET FOR BREAKTHROUGH: 16% GROWTH TO PROPEL MARKET TO $10 TRILLION BY 2047: COLLIERS-CREDAI REPORT
Six salient growth levers include urbanization, demographic shifts, digitalization, sustainability
GAUR NYC RESIDENCES
Group's third ultra-luxury project
HIRANANDANI WOODSPRING
Hiranandani Woodspring by House of Hiranandani, located along the Bhiwandi-Kalyan corridor is spread across 4.5 acres. The premium residential complex is set to change the skylines of Kalyan with its neoclassical and meticulously crafted towers of 25-28 storeys.
OPENING DOORS TO THE WORLD
Aluk India opened its Home Experience Centre in Bangalore. It will offer partners and customers an insight into fascinating and unique products
OVER THE TOP
Building bridges and flyovers that last decades is easy, if you follow stringent principles
RIGHT FROM UNDER
When it comes to CE, excavators beat others hands down
THE POWER OF PERSISTENCE
Amit Jain, chairman & managing director, Arkade Developers, joined his father's real estate A pretty early on in his career. While his father entered the world of real estate in 1985-86 with single stand-alone buildings, Amit quickly learnt the ropes and joined his father after completing his graduation from Mithibai College.
SUSHMA GROUP ACQUIRES 59-ACRE LAND PARCEL
The focus is on sustainable development and modern urban planning
TREVOC GROUP SETS RS 1000 CRORE TARGET
This project offers more than just luxury amenities