Albany, New York, March 10, 2017: According to the latest market study, the trend of constructing tall buildings and large houses has increased tower crane sales. Therefore, these tower crane manufacturers are focused on meeting the requirement by reaching to their target market and increasing sales. Market Research Hub (MRH) has recently published this new market study to its online portal, which is titled as “Global and Chinese Construction Tower Cranes Industry, 2017 Market Report”. This study delivers a thorough analysis of the current state of the global Construction Tower Cranes industry with a major focus on the Chinese market, within the review period of 2012 to 2017.
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Moreover, the study analyzes the market from a ground-up manner by evaluating the driving forces, restraints, opportunities, trends and growth prospects during the forecast period of 2017 to 2022. Some of the major aspects such as capacity, production value, profit, cost, Supply & consumption and import/export of construction tower cranes in the global and Chinese market are also outlined.
Firstly, the report begins with a brief synopsis of the tower cranes industry along with definitions, applications and manufacturing technologies. Lifting and moving heavy materials on a construction site is definitely not an easy task. Tasks that cannot be done manually are possible with the help of machines. The major purpose of tower cranes is to lift up, carry and drop down heavy construction material and substances. Since it is a mechanical device used in the lifting process of heavy weight equipment, it is suitable for individuals related to the construction business. Additionally, these cranes have the capacity to rise up to hundreds of feet high. The construction team utilizes these cranes to lift up concrete, steel and other large objects like acetylene torches, generators and various heavy building materials.
After that, the report explores the international and Chinese major industry participants in detail. In this subsequent part, the report also highlights the company profile, capacity, production value, product specifications and 2012-2017 market shares for each company.
According to the research analysts, growing population and migration of people to urban areas, have led to an increase in demand for new cities, with efficient transport infrastructure facilities. The result is a significant rise in the number of urban infrastructure projects, across different countries. Due to this, the demand for tower cranes will increase rapidly. Since high-rises have become a trend not only in metros but in Tier-II and Tier III cities as well, the real estate and commercial sector will demand tower cranes in coming years.
At last, the report makes some important proposals for a new project of construction tower cranes industry before estimating its feasibility.
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