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Tower Crane Rental Market trends Tower Crane Rental Market Size was valued at USD 12 Billion in 2022. The  Tower Crane Rental Market trends  is projected to grow from USD 16 Billion in 2023 to USD 26 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.00% during the forecast period (2023–2030). Growth in construction and mining activities rises the market size. Furthermore, rental services in the construction industry are now gaining popularity and are projected to continue over the forecast period. Rental services save dealers and contractors money because they provide access to modern equipment as well as operational flexibility (what you need, when you need it) and can reduce complexity in organizations for reducing fleet size impacts on activities such as procurement, maintenance, logistics, and asset disposals. Furthermore, tower crane rental firms are emphasizing the provision of tower cranes developed with the latest technology as well as safety criter...

 Market Scenario As per the latest study by Market Research Future Reports (MRFR), the global tower crane rental market 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 Tower Crane Rental Market trends can be segregated on the basis of end-use, product type, and region. On the basis of end-use, the global tower crane rental market can be segmented into residential, commercial, and infrastructure. The residential segment is estimated to dominate the market and acquire the largest market share. On the basis of product type, the global tower crane rental market can be segmented into luffi...