Tower Crane Rental Companies

The tower crane rental market was valued at USD 16.3 billion in 2024 and is projected to reach USD 22.1 billion by 2030, at a CAGR of 5.2%. The increasing demand for tower crane rentals is driven by rapid urbanization, a surge in construction projects, and the global imperative to reduce construction costs. As cities in developing nations expand vertically, we observe a proliferation of skyscrapers, business complexes, and smart city initiatives, all of which necessitate substantial lifting equipment such as tower cranes. Construction firms often opt to rent rather than purchase cranes due to the significant initial capital investment required for the acquisition, ongoing maintenance responsibilities, and storage challenges. Renting provides access to cutting-edge crane technology, including advanced computer controls, immediate problem-detection systems, and enhanced safety features, without the burden of long-term financial commitment. Moreover, the variability of project sizes and timelines makes rental agreements a more flexible and scalable solution for construction companies. Additionally, governments globally are increasing investments in infrastructure projects, including subway systems, highways, and industrial developments, thereby driving demand for rental equipment. Furthermore, rental companies frequently offer skilled operators and maintenance services, which mitigates risk and reduces liability for construction firms. This trend toward asset-light strategies, combined with advancements in tracking and managing crane fleets, continues to reinforce the preference for renting over owning tower cranes.

Tower Crane Rental Companies

Leading companies involved in the tower crane rental market include Liebherr AG (Switzerland), Bigge Crane and Rigging Co. (US), Ace Construction Equipment Ltd. (India), Leavitt Cranes (US), Wasel GmbH (Germany), Falcon Tower Crane Services Ltd. (Ireland), Rapicon Inc. (US), NFT Group Skycrane (Saudi Arabia), Skycrane (Canada), and Maxim Crane Works (US). These companies, amongst many other regional players, fulfill the global requirements for tower crane rental.

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Liebherr AG (Switzerland) offers and rents earth-moving technologies, tower & mobile cranes, port equipment, mining equipment, material handling equipment, components, machine tools, maritime cranes, and other products. The company’s tower crane portfolio includes flat-top, luffing jib, and hammerhead cranes used in high-rise buildings, infrastructure, and industrial construction. Liebherr provides rental services for its tower cranes across Europe, Asia Pacific, and North America. These services typically include transport logistics, crane erection and dismantling, and technical support.

Bigge Crane and Rigging Co. (US) is a leading company specializing in crane rentals, crane sales, heavy lift rigging, and specialized heavy transportation. Bigge has played a pivotal role in major US infrastructure and construction projects for over a century. Bigge Crane offers four major types of tower cranes for rental purposes: flat-top, luffing jib, hammerhead, and self-erecting cranes. Bigge operates over 20 service locations across the US. While Bigge does not operate physical rental branches outside the US, it has a strong global presence through crane sales, rental services, and equipment supply. Bigge has supplied cranes and developed partnerships in over 40 countries, including Canada, Mexico, South Africa, Argentina, and Nigeria.

NFT Group (UAE) supplies a specialized range of tower cranes, passenger hoists, and construction equipment and tools. NFT is also the sole dealer of Potain Tower cranes, GJJ/Orbit, and Pega hoists in the Middle East. The company has a widespread presence in 32 countries with operations in the Middle East & Africa, Europe, and Asia Pacific. NFT has a fleet of over 2,000 new and used tower cranes and over 500 hoists, making it one of the world’s largest tower crane suppliers and rental companies in terms of tower crane capacity. The cranes are supplied from NFT’s yards in the UAE, Saudi Arabia, Kuwait, and Lebanon.

MARKET RANKING:

The tower crane rental market exhibits a moderately concentrated structure, with the top five players collectively commanding approximately 27–33% of the total market share. Prominent companies such as Liebherr, Sarens N.V./S.A., Maxim Crane Works, NFT Group, and Wolffkran International AG exert significant influence through expansive global operations, strong fleets of modern crane equipment, and strategic alliances with construction and infrastructure giants. These industry leaders are actively investing in advanced telematics, fleet optimization technologies, and safety-enhancing solutions to strengthen their market positions and support the growing demand for high-performance lifting equipment in urban megaprojects and complex construction environments. Despite the presence of these key players, the market remains competitive, with a large number of regional and specialized crane rental providers offering tailored services and application-specific solutions. In 2024, Asia Pacific emerged as the dominant force, capturing 33.2% of the global market value, driven by accelerated urbanization, massive infrastructure investments, and booming construction activity in economies like China, India, Indonesia, and Vietnam. These regional dynamics continue to shape the competitive landscape and present growth opportunities for both established and emerging rental service providers.

Related Reports:

Tower Crane Rental Market by Capacity (Low (5–20 tons), Low to Medium (20–100 tons), Heavy (100–500 tons), Extreme Heavy (>500 tons)), End-use industry (Building & Construction, Infrastructure, Energy & Power), and Region - Global Forecast to 2030