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Increasing demand for high-rise buildings is notably driving market growth. The global construction sector is witnessing a significant surge in the demand for tower cranes, particularly in urban areas undergoing rapid urbanization, especially in Asia Pacific. With the United Nations projecting that urban populations could increase by another 2.5 billion by 2050, the construction of high-rise buildings is becoming increasingly essential to accommodate this growth. Tower cranes are particularly suited for construction in confined spaces due to their operational efficiencies, making them a preferred choice for high-rise building projects. Mosaic Construction, an Australian-based company, recently received a new Potain Hup 32-27, a self-erecting crane, for use in Cyan, a residential construction project in Caloundra, Queensland. This crane is one of many tower crane models available in the market, each equipped with intelligent control systems, flat top or hammerhead designs, and varying lifting capacities to cater to the unique requirements of high-rise building construction. Tower cranes are essential weight-lifting equipment in the construction industry, used extensively in the construction of tall buildings, dams, and other large-scale infrastructure projects such as pipelines, road networks, ports, railways, and aqueducts.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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