The global revenue of Luffing Jib Tower Cranes market was valued at 180.97 M USD in 2017
Thursday, 20 Sep, 2018

The global revenue of Luffing Jib Tower Cranes market was valued at 180.97 M USD in 2017 and is expected to reach USD 202.70 M USD in 2025. In the future eight years, we predict the CAGR of global revenue is 1.43%.

 

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.