Tower Crane Rental Market

The tower crane rental market is projected to grow from USD 17.99 billion in 2026 to USD 23.19 billion by 2031, at a CAGR of 5.2% during the forecast period. The growing need for tower crane rentals stems from rapid city growth, more building projects, and the push to save money in construction worldwide. As cities build upwards in developing countries, we see more skyscrapers, business centers, and smart city plans. These all require big lifting machines such as tower cranes. Many builders choose to rent instead of buying cranes because buying means spending a lot upfront, taking care of the equipment, and finding a place to store it.

The major players in the tower crane rental market are NFT Group (UAE), Maxim Crane Works (US), Uperio (France), Sarens N.V./S.A. (Belgium), Bigge Crane and Rigging Co. (US), and others. The market players have adopted strategies such as partnerships, acquisitions, agreements, expansions, and others to strengthen their position in the tower crane rental market.

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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, which are used in applications such as 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.

Related Reports:

Tower Crane Rental Market by Capacity (Low (5 to 20 tons), Low to Medium (20 to 100 tons), Heavy (100 to 500 tons), Extreme Heavy (>500 tons)), End-use Industry (Building & Construction, Infrastructure, and Energy & Power), and Region - Global Forecast to 2031

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