Stay informed with the latest market research insights and news updates.
The Luffing Jib Tower Cranes Market was valued at USD 4.73 Billion in 2024 and is forecasted to grow at a steady CAGR of 5.5% from 2025 to 2032, reaching approximately USD 6.8 Billion by 2032. This growth is primarily driven by the rising demand for high-capacity cranes in urban construction projects where space constraints require advanced lifting equipment with precision control and compact jib movement.
Rapid urbanization across emerging economies such as China, India, and Southeast Asian countries has fueled the adoption of luffing jib cranes in high-rise and infrastructure development. Additionally, increasing investment in smart cities and mega infrastructure projects worldwide has further strengthened market expansion.
Technological advancements such as remote monitoring, automation, and energy-efficient electric drives are enhancing the operational efficiency and safety of modern cranes, making them more desirable to construction contractors and developers. Moreover, the trend toward modular construction and prefabricated building components requires heavy-duty lifting equipment capable of precise positioning, further driving demand.
With the construction industry transitioning toward digitalized and sustainable operations, manufacturers are focusing on innovation, lightweight materials, and hybrid power systems to improve crane performance. Overall, the market outlook remains positive, with continuous infrastructure investments and modernization projects sustaining long-term growth potential through 2032.
The Luffing Jib Tower Cranes market represents a specialized segment of the tower crane and construction equipment industry defined by high-precision, space-efficient lifting solutions used in congested urban sites and complex infrastructure projects. A professional and quality definition emphasizes certified OEM manufacturing, adherence to international safety standards, robust aftermarket services, and integrated digital features such as remote telemetry and automation for predictive maintenance.
From a market-research perspective, key attributes include market size, fleet renewal rates, rental-verse-sales mix, CAPEX cycles, and OEM channel strength; these factors shape demand and resilience. The outlook is constructive: continued urbanization, rising high-rise construction, and investment in smart infrastructure support steady demand for luffing jib cranes. Operational advantages — compact slewing, high lift capacity close to buildings, and compatibility with prefabrication workflows — position these cranes as strategic assets for contractors focused on schedule certainty and safety.
Market drivers also include modular construction trends, stricter site-safety regulations, digitalization of construction operations, and increasing preference for energy-efficient electric drives, all of which support sustained fleet modernization and aftermarket growth. Application across industries is broad — from residential high-rise and commercial towers to ports, petrochemicals, and heavy civil works — where precise load placement and minimal swing radius reduce site disruption. In 2024–25 governments reported robust construction activity that underpins equipment demand: U.S. construction put-in-place totals were in the multi-trillion dollar range in 2024/2025, signaling strong CAPEX (U.S. Census Bureau).
India’s construction sector recorded double-digit growth in FY 2024–25, reinforcing demand in emerging markets (MOSPI); and Eurostat shows modest recovery in construction production across the EU into 2025. These macro construction trends, combined with OEM innovation, expanding rental ecosystems, and tighter safety/compliance requirements, point to a reliable mid-term growth path for the luffing jib tower cranes market and attractive opportunities for manufacturers, rental firms, and service providers.
The future scope of the Luffing Jib Tower Cranes Market looks highly promising as global construction dynamics evolve toward sustainability, automation, and urban vertical expansion. Market analysts forecast consistent growth driven by the increasing adoption of advanced lifting equipment in high-density city projects, offshore developments, and large-scale industrial infrastructure.
With the integration of IoT, telematics, and AI-driven load management systems, the next generation of luffing jib tower cranes will offer greater precision, reduced downtime, and enhanced safety. The market’s trajectory aligns with the rising emphasis on smart construction technologies and digital twin solutions, helping contractors streamline project timelines and reduce operational risks.
Manufacturers are also prioritizing energy-efficient electric and hybrid power cranes to meet global decarbonization targets and comply with emission regulations. Future growth opportunities are expanding across the Asia-Pacific and Middle Eastern regions, supported by strong government infrastructure spending and smart city initiatives.
The demand surge in residential, commercial, and renewable energy construction projects is creating an attractive ecosystem for OEMs, rental companies, and service providers in the luffing jib tower cranes market. The evolving trend toward prefabricated and modular construction will further enhance market penetration, offering consistent demand for high-capacity, space-optimized cranes designed for next-generation urban infrastructure.
The Luffing Jib Tower Cranes market in North America has been witnessing consistent growth. The demand is largely driven by increasing construction activities in countries like the U.S. and Canada. The market is expected to continue expanding as key players in the region are adopting advanced crane technology, aiming for higher efficiency and safety in urban construction projects. Urbanization, along with the development of mega infrastructure projects, is fueling the adoption of these cranes in the region.
North America's focus on sustainability and green construction is a key driver in the market's evolution. With a growing preference for eco-friendly construction techniques and equipment, manufacturers are investing in energy-efficient Luffing Jib Tower Cranes. Technological advancements in automation and telematics are also enhancing crane performance. Consequently, the region's market is set for steady growth in the coming years, with a forecast indicating continued demand from the real estate and industrial sectors through 2030.
The Asia-Pacific region is expected to dominate the global Luffing Jib Tower Cranes market in the coming years, driven by rapid urbanization and infrastructural developments. Countries such as China, India, and Japan are leading in crane adoption due to the massive growth in construction and manufacturing industries. With government investments in urban infrastructure projects and smart city initiatives, the demand for advanced construction machinery like Luffing Jib Tower Cranes is surging.
The adoption rate of these cranes in Asia-Pacific is also influenced by increasing foreign direct investments (FDIs) in the construction sector. As a result, local construction companies are becoming more inclined to use efficient and high-performing cranes to meet international safety standards. Additionally, the integration of smart technologies in these cranes, including remote monitoring and data analytics, is expected to contribute significantly to their market share in the region by 2030, ensuring that the market remains strong and continues to expand.
In Europe, the Luffing Jib Tower Cranes market is experiencing significant growth due to increasing demand for high-rise construction and large-scale infrastructure projects. Countries like Germany, the UK, and France are major contributors to this demand, as they continue to modernize their infrastructure and enhance urban spaces. The need for efficient and reliable construction equipment is further supported by the region's push toward sustainability and reducing the carbon footprint in the construction industry.
European construction companies are adopting these cranes to optimize their operations and improve productivity on construction sites. These cranes allow for precise lifting operations in tight spaces, which is a major advantage in congested urban environments. Technological developments in the form of automation and digital controls are also driving the market’s growth. By 2030, the European market is expected to continue expanding, especially with the ongoing rise in residential, commercial, and industrial projects, which will require advanced crane technology.
The Luffing Jib Tower Cranes Market by product type includes Hammerhead Luffing Jib, Flat Top Luffing Jib, and Mobile Luffing Jib cranes, each addressing specific operational needs in modern construction. Hammerhead Luffing Jibs lead the market with over 45% share in 2024, driven by superior load-handling capacity and stability across high-density urban projects. Flat Top Luffing Jibs capture around 35% share, valued for modular design, ease of transport, and quick assembly in skyscraper developments. Mobile Luffing Jibs represent nearly 20% share, offering enhanced mobility and versatility for compact construction sites. Together, these crane types contribute to an estimated USD 1.5 billion market value by 2032, reflecting robust global infrastructure expansion.
The Luffing Jib Tower Cranes Market by application comprises Residential Construction, Commercial Projects, and Industrial Facilities, reflecting diverse demand across global infrastructure sectors. Residential Construction dominates with over 40% market share in 2024, fueled by rapid urban housing developments and smart city initiatives. Commercial Projects account for approximately 35%, supported by large-scale investments in office complexes, retail spaces, and hospitality infrastructure. Industrial Facilities contribute nearly 25% share, driven by expansion in manufacturing, energy, and logistics sectors. Collectively, these applications are projected to push the global market valuation beyond USD 1.6 billion by 2032, showcasing steady growth and technological innovation.
The Luffing Jib Tower Cranes Market by lifting capacity is categorized into Below 20 Tons, 20–50 Tons, and 50–100 Tons, each serving distinct project requirements. Cranes with Below 20 Tons capacity held around 38% market share in 2024, widely adopted for small-scale residential and renovation projects due to compact design and cost efficiency. The 20–50 Tons segment accounted for nearly 42%, driven by high demand in commercial and mid-rise construction owing to balanced lifting power and versatility. Cranes in the 50–100 Tons range captured about 20% share, preferred for heavy industrial applications. Overall, the market is projected to surpass USD 1.8 billion by 2032.
The Luffing Jib Tower Cranes Market by geography spans North America, Europe, Asia Pacific, Middle East & Africa, and Latin America, each contributing uniquely to global market dynamics. Asia Pacific leads with over 45% share in 2024, driven by large-scale infrastructure development in China, India, and Southeast Asia. Europe accounts for nearly 25%, supported by modernization of urban structures and strict safety standards. North America holds around 18% share, boosted by residential and commercial construction recovery. The Middle East & Africa region captures 8%, fueled by megaprojects in the Gulf, while Latin America holds 4%, showing gradual growth. The global market is projected to exceed USD 2 billion by 2032.
Luffing Jib Tower Cranes Market was valued at USD 4.73 Billion in 2024 and is forecasted to grow at a CAGR of 5.5% from 2025 to 2032, reaching USD 6.8 Billion by 2032.
The leading Players in the market are Liebherr Group, The Manitowoc Company, Inc., Terex Corporation, Zoomlion Heavy Industry Science & Technology Co., Ltd., XCMG Group, SANY Group, WOLFFKRAN International AG, COMANSA Crane Industry, Jaso Tower Cranes, Favelle Favco Berhad.
The Luffing Jib Tower Cranes Market is Segmented On The Basis Of Product Type, Application, Lifting Capacity, And Geography.
On the basis of Geography, The Luffing Jib Tower Cranes Market is classified into North America, Europe, Asia Pacific, and the Rest of the world.
Micro Market Insights provides a sample report for the Luffing Jib Tower Cranes Market as per requirements. In addition to that, 24*7 chat support & direct call services are available for further assistance.
Stay informed with the latest market research insights and news updates.