Product Code: ETC308729 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Philippines tower crane market is integral to the construction sector, aiding in heavy lifting and efficient construction processes. As urban development continues, the demand for such cranes remains steady. The CAGR for the tower crane market in the Philippines is estimated to be 8% due to ongoing construction projects.
The Philippines tower crane market has flourished due to the expanding construction and real estate sectors. Tower cranes are integral for heavy lifting and material handling in tall building projects and large infrastructure developments. The growth of urbanization and the government`s focus on building modern infrastructure have contributed to the demand for tower cranes in the country.
The tower crane market faces challenges tied to urban development and space constraints. Providing efficient lifting solutions in densely populated areas while adhering to safety regulations is a complex challenge.
The Philippines tower crane market has faced challenges due to the COVID-19 pandemic. The construction and real estate sectors, major users of tower cranes, have experienced slowdowns as projects were postponed or canceled. The reduced activities in these sectors have resulted in decreased demand for tower cranes.
Key participants in the Philippines tower crane market include Liebherr-International AG, Terex Corporation, and Zoomlion Heavy Industry Science and Technology Co. Ltd.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Tower Crane Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Tower Crane Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Tower Crane Market - Industry Life Cycle |
3.4 Philippines Tower Crane Market - Porter's Five Forces |
3.5 Philippines Tower Crane Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Tower Crane Market Revenues & Volume Share, By Lifting Capacity, 2021 & 2031F |
3.7 Philippines Tower Crane Market Revenues & Volume Share, By End User Industry, 2021 & 2031F |
4 Philippines Tower Crane Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing construction activities and infrastructure development in the Philippines |
4.2.2 Growing urbanization and population leading to demand for high-rise buildings |
4.2.3 Government initiatives to boost construction industry and investment in public infrastructure |
4.3 Market Restraints |
4.3.1 High initial investment and maintenance cost of tower cranes |
4.3.2 Limited skilled labor for operating and maintaining tower cranes |
4.3.3 Fluctuating raw material prices impacting manufacturing costs |
5 Philippines Tower Crane Market Trends |
6 Philippines Tower Crane Market, By Types |
6.1 Philippines Tower Crane Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Tower Crane Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Philippines Tower Crane Market Revenues & Volume, By Self-erecting, 2021-2031F |
6.1.4 Philippines Tower Crane Market Revenues & Volume, By Luffing Jib, 2021-2031F |
6.1.5 Philippines Tower Crane Market Revenues & Volume, By Hammer Head, 2021-2031F |
6.1.6 Philippines Tower Crane Market Revenues & Volume, By Flat Top, 2021-2031F |
6.2 Philippines Tower Crane Market, By Lifting Capacity |
6.2.1 Overview and Analysis |
6.2.2 Philippines Tower Crane Market Revenues & Volume, By Less than 5 ton, 2021-2031F |
6.2.3 Philippines Tower Crane Market Revenues & Volume, By 6 to 10 ton, 2021-2031F |
6.2.4 Philippines Tower Crane Market Revenues & Volume, By More than 10 ton, 2021-2031F |
6.3 Philippines Tower Crane Market, By End User Industry |
6.3.1 Overview and Analysis |
6.3.2 Philippines Tower Crane Market Revenues & Volume, By Building Construction, 2021-2031F |
6.3.3 Philippines Tower Crane Market Revenues & Volume, By Infrastructural Construction, 2021-2031F |
6.3.4 Philippines Tower Crane Market Revenues & Volume, By Energy, 2021-2031F |
6.3.5 Philippines Tower Crane Market Revenues & Volume, By Others, 2021-2031F |
7 Philippines Tower Crane Market Import-Export Trade Statistics |
7.1 Philippines Tower Crane Market Export to Major Countries |
7.2 Philippines Tower Crane Market Imports from Major Countries |
8 Philippines Tower Crane Market Key Performance Indicators |
8.1 Number of new construction projects announced or initiated in the Philippines |
8.2 Percentage increase in the number of high-rise buildings under construction |
8.3 Adoption rate of advanced technology and automation in tower crane operations |
9 Philippines Tower Crane Market - Opportunity Assessment |
9.1 Philippines Tower Crane Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Tower Crane Market Opportunity Assessment, By Lifting Capacity, 2021 & 2031F |
9.3 Philippines Tower Crane Market Opportunity Assessment, By End User Industry, 2021 & 2031F |
10 Philippines Tower Crane Market - Competitive Landscape |
10.1 Philippines Tower Crane Market Revenue Share, By Companies, 2024 |
10.2 Philippines Tower Crane Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |