Self-Erecting Tower Cranes Market Set to Reach $1.35 Billion by 2031

According to a new report from The Insight Partners, the global self-erecting tower cranes market is projected to reach $1.35 billion by 2031. This impressive growth is attributed to the ongoing surge in construction activities, rapid urbanization and significant investments in public and private infrastructure projects.

Self-erecting cranes are widely used in small to medium-scale construction projects, offering benefits such as reduced labor costs, improved productivity and a compact footprint. These advantages, coupled with their ability to reduce vehicle requirements and enhance site safety, have led to rising demand in developing countries where cost-effective construction solutions are in high demand.