Tower Crane Rental Market share Research on Present State & Future Growth Prospects to 2030
Market Scenario Globally, the tower crane rental market occupies a high CAGR of about 6.10% USD 7,634.20 million during the market forecast for 2022–2030 As per the latest study by Market Research Future Reports (MRFR), the Tower Crane Rental Market share in 2020 is estimated to expand due to the rising demand for real estate and infrastructure. The tower crane rental market has witnessed significant growth due to the increasing dependence of small and medium companies on rental services owing to the inability to afford the cranes. Besides, renting a tower crane enables the contractors to lower the working capital expenses of the project and offer access to developed equipment. Market Segmentation The global Tower Crane Rental Market can be segregated on the basis of end-use, product type, and region. On the basis of end-user, the global tower crane rental market can be segmented into residential, commercial, and infrastructure. The residential segment is estimated to dominate the ma