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    US Tower Crane Rental Market

    ID: MRFR/CO/19053-HCR
    111 Pages
    Snehal Singh
    September 2025

    US Tower Crane Rental Market Research Report: By Type (Hammer Head Tower Cranes, Self-erecting Tower Cranes, Flat Top Tower Cranes) and By End User (Residential, Commercial, Infrastructure) - Forecast to 2035.

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    Table of Contents

    US Tower Crane Rental Market Summary

    The US Tower Crane Rental market is projected to grow from 1.75 USD Billion in 2024 to 3.2 USD Billion by 2035, reflecting a robust growth trajectory.

    Key Market Trends & Highlights

    US Tower Crane Rental Key Trends and Highlights

    • The market is expected to witness a compound annual growth rate (CAGR) of 5.64 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 3.2 USD Billion, indicating substantial expansion.
    • In 2024, the market is valued at 1.75 USD Billion, showcasing a solid foundation for future growth.
    • Growing adoption of advanced construction technologies due to increased infrastructure investments is a major market driver.

    Market Size & Forecast

    2024 Market Size 1.75 (USD Billion)
    2035 Market Size 3.2 (USD Billion)
    CAGR (2025-2035) 5.64%

    Major Players

    ChadwickNaillon, Titan Cranes, Herc Rentals, Cranesmart, CraneWorks, Atlas Copco, Bigge Crane and Rigging, Southern Crane and Rigging, Algeco, United Rentals, NESCOM, Ammaot, Sunbelt Rentals, Lakeside Crane, Ahern Rentals

    US Tower Crane Rental Market Trends

    The US Tower Crane Rental Market is influenced by several key market drivers, including a robust construction sector fueled by infrastructure development, urbanization, and demand for residential and commercial buildings. Initiatives at the federal and state levels, such as the Biden administration’s focus on improving transportation and energy infrastructure, have bolstered the need for heavy machinery rentals, including tower cranes. Additionally, sustainability has become a focal point, driving construction companies to adopt energy-efficient practices, and rental services that emphasize eco-friendly equipment are gaining traction.

    Opportunities exist for companies that provide advanced technology in their rental fleets.The integration of telematics and automation in tower cranes offers enhanced safety, efficiency, and operational monitoring, which positions firms uniquely in a competitive market. Furthermore, with the increased adoption of Building Information Modeling (BIM), clients are seeking cranes that can seamlessly integrate with these technologies to improve project management and execution. The trends in recent times indicate a growing preference for rental services over ownership, as many businesses choose to rent tower cranes to minimize upfront costs and avoid maintenance concerns.

    This shift is notable in metropolitan areas, where construction activity is surging.The convenience of rental services, coupled with the flexibility they provide in managing large projects, has significantly reshaped procurement strategies. As more construction sites in major US cities adapt to this trend, the tower crane rental market is poised for continued growth, driven by advancements in fleet management and customer-focused solutions within the industry.

     

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    US Tower Crane Rental Market Drivers

    Market Segment Insights

    Tower Crane Rental Market Type Insights

    The US Tower Crane Rental Market, particularly the Type segment, plays a crucial role in addressing the evolving demands of construction projects across the country. This segment is primarily characterized by three major types: Hammer Head Tower Cranes, Self-erecting Tower Cranes, and Flat Top Tower Cranes. Each of these types has a unique positioning based on functionality and application, catering to various construction needs. Hammer Head Tower Cranes are valued for their excellent lifting capabilities and flexibility during construction.

    They dominate larger projects like skyscrapers or bridges due to their horizontal arm that can reach significant heights and carry substantial loads. This makes them a preferred choice for contractors looking to optimize workflow and enhance operational efficiency on large sites. Self-erecting Tower Cranes, on the other hand, are gaining traction due to their ease of setup and maneuverability. This type of crane is particularly beneficial for smaller construction sites or urban areas where space is limited.

    Their ability to self-assemble allows for reduced labor costs and expedited project timelines, which aligns well with current industry trends emphasizing efficiency and cost-effectiveness. As urban construction continues to rise in the US, the reliance on Self-erecting Tower Cranes is expected to grow, addressing the challenges posed by space and logistics.Flat Top Tower Cranes are recognized for their innovative design, featuring no overhead vertical mast, which contributes to improved stability and versatility. This design allows for multi-directional lifting, making them an optimal choice for various construction environments, particularly in residential and commercial projects.

    Their flat top also mitigates height limitations, enabling higher lifts and improved load management. As the US construction industry seeks solutions that enhance safety and efficiency, Flat Top Tower Cranes present significant opportunities for meeting these demands.Furthermore, the overall market exhibits a tendency toward adopting advanced technologies, such as telematics and automation, which are increasingly being integrated into Tower Cranes. This technological evolution positions the Type segment as a key player in terms of improving operational safety and performance metrics across construction projects.

    The rise in infrastructure developments, urbanization, and the push for sustainable construction solutions will significantly influence the US Tower Crane Rental Market's trajectory. As the demand for various types of cranes continues to expand, it is anticipated that investments in innovation and equipment modernization will influence the competitive landscape, thus shaping the future of the market. Overall, the Type segment within the US Tower Crane Rental Market reflects a dynamic interplay of technological advancement, operational efficiency, and adaptability to market needs.

    Tower Crane Rental Market End User Insights

    The US Tower Crane Rental Market is fundamentally driven by its diverse End User categories, which include Residential, Commercial, and Infrastructure sectors. The Residential segment is vital as it supports the ongoing housing development projects fueled by the growing urban population and increased demand for housing. Moreover, the Commercial segment plays a significant role due to continuous investments in office buildings, retail spaces, and hospitality venues, driven by economic expansion and urban development.

    The Infrastructure segment is particularly crucial as it encompasses public works like roads, bridges, and utilities, which are increasingly prioritized by government spending and initiatives to foster economic growth.Overall, each End User category contributes uniquely to the market dynamics, with their growth largely supported by federal policies, urbanization trends, and an emphasis on modernization. Together, they not only represent a significant portion of the US Tower Crane Rental Market segmentation but also highlight the opportunities present in aligning crane rental services to meet the evolving demands of these sectors.

    Get more detailed insights about US Tower Crane Rental Market Research Report - Forecast Report 2035

    Regional Insights

    Key Players and Competitive Insights

    The US Tower Crane Rental Market is characterized by a dynamic competitive landscape that includes various players vying for market share. This market has seen significant growth driven by the increasing demand for construction activities, particularly in urban areas where the vertical space is limited. Factors such as infrastructure development, high-rise building projects, and urban renewal have led to an uptick in the rental of tower cranes. Companies in this sector are continually innovating and enhancing their service offerings to meet the diverse needs of their clients, including competitive pricing, flexible rental terms, and comprehensive support services.

    The competition is not only based on equipment availability but also on the ability of companies to provide value-added services such as logistics, operator training, and maintenance. Overall, the market is marked by a blend of established firms and emerging players, creating a diverse yet challenging environment for rental service providers.ChadwickNaillon stands out in the US Tower Crane Rental Market due to its extensive experience and strong reputation for reliability.

    With a solid foundation built on years of service to the construction industry, the company has developed significant expertise in tower crane operations, positioning itself as a trusted partner for various construction companies. ChadwickNaillon leverages its knowledge to offer superior customer support and technical assistance, ensuring that clients receive the best possible solutions tailored to their project needs. The firm's commitment to safety and adherence to industry regulations strengthens its market presence, as clients are increasingly prioritizing safety in their operations.

    Additionally, the company’s focus on maintaining an updated fleet of tower cranes contributes to its ability to meet the demands of modern construction techniques, further solidifying its competitive advantage.Titan Cranes has made a notable mark in the US Tower Crane Rental Market by providing a wide range of products and services tailored to construction needs. The company specializes in renting out high-quality tower cranes, which are essential for large-scale construction projects, and it is recognized for its commitment to providing top-notch customer service.

    Titan Cranes has established a strong market presence through strategic partnerships and collaborations that enhance its operational capabilities. Their strengths include a modern fleet of tower cranes equipped with the latest technology, ensuring efficiency and reliability on-site. The company also emphasizes a proactive approach to maintenance and customer support, which fosters long-term relationships with clients. In recent years, Titan Cranes has undergone mergers and acquisitions to streamline operations, expand its service offerings, and strengthen its market position, allowing it to remain competitive and responsive to the evolving needs of the construction sector.

    Key Companies in the US Tower Crane Rental Market market include

    Industry Developments

    Recent developments in the US Tower Crane Rental Market have showcased a trend toward increased demand driven by construction growth, particularly in urban centers. Companies such as Titan Cranes and Herc Rentals have expanded their operations and fleet offerings to accommodate this surge, responding to rising construction projects across various sectors. In June 2023, Ahern Rentals announced the acquisition of Lakeside Crane, enhancing their service capabilities and geographic footprint in the Midwest. Additionally, Cranesmart has introduced new technologies aimed at improving safety and operational efficiency within the rental market.

    Notable financial growth has been observed, with major players like United Rentals reporting significant revenue increases attributed to heightened infrastructure investment facilitated by federal funding. Over the past two years, the market has also witnessed substantial fluctuations in rental rates, as demand outstrips supply in many regions, particularly in metropolitan areas. The evolving landscape highlights the competitive nature of the sector, with companies constantly innovating to secure their positions while adapting to economic changes and project demands in the US construction arena.

    Market Segmentation

    Tower Crane Rental Market Type Outlook

    • Hammer Head Tower Cranes
    • Self-erecting Tower Cranes
    • Flat Top Tower Cranes

    Tower Crane Rental Market End User Outlook

    • Residential
    • Commercial
    • Infrastructure

    Report Scope

    Report Attribute/Metric Details
    Market Size 2018 1.54(USD Billion)
    Market Size 2024 1.75(USD Billion)
    Market Size 2035 3.2(USD Billion)
    Compound Annual Growth Rate (CAGR) 5.64% (2025 - 2035)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Base Year 2024
    Market Forecast Period 2025 - 2035
    Historical Data 2019 - 2024
    Market Forecast Units USD Billion
    Key Companies Profiled ChadwickNaillon, Titan Cranes, Herc Rentals, Cranesmart, CraneWorks, Atlas Copco, Bigge Crane and Rigging, Southern Crane and Rigging, Algeco, United Rentals, NESCO, Mammoet, Sunbelt Rentals, Lakeside Crane, Ahern Rentals
    Segments Covered Type, End User
    Key Market Opportunities Infrastructure investment surge, Urban residential construction growth, Renewable energy project expansions, Smart city development initiatives, Advanced crane technology adoption
    Key Market Dynamics rising construction activities, demand for project efficiency, technological advancements in cranes, rental cost competitiveness, regulatory compliance and safety standards
    Countries Covered US

    Market Highlights

    Author
    Snehal Singh
    Assistant Manager - Research

    High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. By implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in Packaging, Construction, and Equipment domains. She handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.

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    FAQs

    What is the expected market size of the US Tower Crane Rental Market in 2024?

    The US Tower Crane Rental Market is expected to be valued at approximately 1.75 billion USD in 2024.

    What is the forecasted market size for the US Tower Crane Rental Market by 2035?

    By 2035, the overall market is projected to reach around 3.2 billion USD.

    What is the expected compound annual growth rate (CAGR) for the US Tower Crane Rental Market from 2025 to 2035?

    The market is anticipated to grow at a CAGR of 5.64% during the period from 2025 to 2035.

    Which segment is expected to dominate the US Tower Crane Rental Market by type in 2035?

    By 2035, Hammer Head Tower Cranes are expected to dominate the market, valued at approximately 1.25 billion USD.

    What is the market value of Self-erecting Tower Cranes in 2024?

    The market value for Self-erecting Tower Cranes is anticipated to be about 0.5 billion USD in 2024.

    What are the key players operating within the US Tower Crane Rental Market?

    Major players in the market include ChadwickNaillon, Titan Cranes, Herc Rentals, and United Rentals among others.

    What is the expected market size for Flat Top Tower Cranes in 2035?

    The market for Flat Top Tower Cranes is projected to reach around 1.05 billion USD by 2035.

    How is the US Tower Crane Rental Market expected to be impacted by emerging trends?

    Emerging trends are likely to drive innovation and enhance operational efficiencies, thus contributing to market growth.

    What are the growth drivers for the US Tower Crane Rental Market in the coming years?

    Growth drivers include increasing construction activities and demand for high-rise infrastructure across urban areas.

    What challenges could affect the growth of the US Tower Crane Rental Market?

    Challenges may include fluctuating raw material costs and regulatory compliance within the construction industry.

    1.     1. EXECUTIVE SUMMARY   
    2.         1.1. Market Overview     
    3.         1.2. Key Findings     
    4.         1.3. Market Segmentation     
    5.         1.4. Competitive Landscape     
    6.         1.5. Challenges and Opportunities     
    7.         1.6. Future Outlook        
    8.     2. MARKET INTRODUCTION   
    9.         2.1. Definition     
    10.         2.2. Scope of the study   
    11.             2.2.1. Research Objective         
    12.             2.2.2. Assumption         
    13.             2.2.3. Limitations              
    14.     3. RESEARCH METHODOLOGY   
    15.         3.1. Overview     
    16.         3.2. Data Mining     
    17.         3.3. Secondary Research     
    18.         3.4. Primary Research   
    19.             3.4.1. Primary Interviews and Information Gathering Process         
    20.             3.4.2. Breakdown of Primary Respondents           
    21.         3.5. Forecasting Model     
    22.         3.6. Market Size Estimation   
    23.             3.6.1. Bottom-Up Approach         
    24.             3.6.2. Top-Down Approach           
    25.         3.7. Data Triangulation     
    26.         3.8. Validation        
    27.     4. MARKET DYNAMICS   
    28.         4.1. Overview     
    29.         4.2. Drivers     
    30.         4.3. Restraints     
    31.         4.4. Opportunities        
    32.     5. MARKET FACTOR ANALYSIS   
    33.         5.1. Value chain Analysis     
    34.         5.2. Porter's Five Forces Analysis   
    35.             5.2.1. Bargaining Power of Suppliers         
    36.             5.2.2. Bargaining Power of Buyers         
    37.             5.2.3. Threat of New Entrants         
    38.             5.2.4. Threat of Substitutes         
    39.             5.2.5. Intensity of Rivalry           
    40.         5.3. COVID-19 Impact Analysis   
    41.             5.3.1. Market Impact Analysis         
    42.             5.3.2. Regional Impact         
    43.             5.3.3. Opportunity and Threat Analysis              
    44.     6. US Tower Crane Rental Market, BY Type (USD Billion)   
    45.         6.1. Hammer Head Tower Cranes     
    46.         6.2. Self-erecting Tower Cranes     
    47.         6.3. Flat Top Tower Cranes        
    48.     7. US Tower Crane Rental Market, BY End User (USD Billion)   
    49.         7.1. Residential     
    50.         7.2. Commercial     
    51.         7.3. Infrastructure        
    52.     8. Competitive Landscape   
    53.         8.1. Overview     
    54.         8.2. Competitive Analysis     
    55.         8.3. Market share Analysis     
    56.         8.4. Major Growth Strategy in the Tower Crane Rental Market     
    57.         8.5. Competitive Benchmarking     
    58.         8.6. Leading Players in Terms of Number of Developments in the Tower Crane Rental Market     
    59.         8.7. Key developments and growth strategies   
    60.             8.7.1. New Product Launch/Service Deployment         
    61.             8.7.2. Merger & Acquisitions         
    62.             8.7.3. Joint Ventures           
    63.         8.8. Major Players Financial Matrix    
    64.             8.8.1. Sales and Operating Income         
    65.             8.8.2. Major Players R&D Expenditure. 2023              
    66.     9. Company Profiles   
    67.         9.1. ChadwickNaillon   
    68.             9.1.1. Financial Overview         
    69.             9.1.2. Products Offered         
    70.             9.1.3. Key Developments         
    71.             9.1.4. SWOT Analysis         
    72.             9.1.5. Key Strategies           
    73.         9.2. Titan Cranes   
    74.             9.2.1. Financial Overview         
    75.             9.2.2. Products Offered         
    76.             9.2.3. Key Developments         
    77.             9.2.4. SWOT Analysis         
    78.             9.2.5. Key Strategies           
    79.         9.3. Herc Rentals   
    80.             9.3.1. Financial Overview         
    81.             9.3.2. Products Offered         
    82.             9.3.3. Key Developments         
    83.             9.3.4. SWOT Analysis         
    84.             9.3.5. Key Strategies           
    85.         9.4. Cranesmart   
    86.             9.4.1. Financial Overview         
    87.             9.4.2. Products Offered         
    88.             9.4.3. Key Developments         
    89.             9.4.4. SWOT Analysis         
    90.             9.4.5. Key Strategies           
    91.         9.5. CraneWorks   
    92.             9.5.1. Financial Overview         
    93.             9.5.2. Products Offered         
    94.             9.5.3. Key Developments         
    95.             9.5.4. SWOT Analysis         
    96.             9.5.5. Key Strategies           
    97.         9.6. Atlas Copco   
    98.             9.6.1. Financial Overview         
    99.             9.6.2. Products Offered         
    100.             9.6.3. Key Developments         
    101.             9.6.4. SWOT Analysis         
    102.             9.6.5. Key Strategies           
    103.         9.7. Bigge Crane and Rigging   
    104.             9.7.1. Financial Overview         
    105.             9.7.2. Products Offered         
    106.             9.7.3. Key Developments         
    107.             9.7.4. SWOT Analysis         
    108.             9.7.5. Key Strategies           
    109.         9.8. Southern Crane  and  Rigging   
    110.             9.8.1. Financial Overview         
    111.             9.8.2. Products Offered         
    112.             9.8.3. Key Developments         
    113.             9.8.4. SWOT Analysis         
    114.             9.8.5. Key Strategies           
    115.         9.9. Algeco   
    116.             9.9.1. Financial Overview         
    117.             9.9.2. Products Offered         
    118.             9.9.3. Key Developments         
    119.             9.9.4. SWOT Analysis         
    120.             9.9.5. Key Strategies           
    121.         9.10. United Rentals   
    122.             9.10.1. Financial Overview         
    123.             9.10.2. Products Offered         
    124.             9.10.3. Key Developments         
    125.             9.10.4. SWOT Analysis         
    126.             9.10.5. Key Strategies           
    127.         9.11. NESCO   
    128.             9.11.1. Financial Overview         
    129.             9.11.2. Products Offered         
    130.             9.11.3. Key Developments         
    131.             9.11.4. SWOT Analysis         
    132.             9.11.5. Key Strategies           
    133.         9.12. Mammoet   
    134.             9.12.1. Financial Overview         
    135.             9.12.2. Products Offered         
    136.             9.12.3. Key Developments         
    137.             9.12.4. SWOT Analysis         
    138.             9.12.5. Key Strategies           
    139.         9.13. Sunbelt Rentals   
    140.             9.13.1. Financial Overview         
    141.             9.13.2. Products Offered         
    142.             9.13.3. Key Developments         
    143.             9.13.4. SWOT Analysis         
    144.             9.13.5. Key Strategies           
    145.         9.14. Lakeside Crane   
    146.             9.14.1. Financial Overview         
    147.             9.14.2. Products Offered         
    148.             9.14.3. Key Developments         
    149.             9.14.4. SWOT Analysis         
    150.             9.14.5. Key Strategies           
    151.         9.15. Ahern Rentals   
    152.             9.15.1. Financial Overview         
    153.             9.15.2. Products Offered         
    154.             9.15.3. Key Developments         
    155.             9.15.4. SWOT Analysis         
    156.             9.15.5. Key Strategies              
    157.     10. Appendix   
    158.         10.1. References     
    159.         10.2. Related Reports        
    160.     Table 1. LIST OF ASSUMPTIONS   
    161.     Table 2. US Tower Crane Rental Market SIZE ESTIMATES & FORECAST, BY TYPE, 2019-2035 (USD Billions)   
    162.     Table 3. US Tower Crane Rental Market SIZE ESTIMATES & FORECAST, BY END USER, 2019-2035 (USD Billions)   
    163.     Table 4. PRODUCT LAUNCH/PRODUCT DEVELOPMENT/APPROVAL   
    164.     Table 5. ACQUISITION/PARTNERSHIP   
    165.     Figure 1. MARKET SYNOPSIS 
    166.     Figure 2. US TOWER CRANE RENTAL MARKET ANALYSIS BY TYPE 
    167.     Figure 3. US TOWER CRANE RENTAL MARKET ANALYSIS BY END USER 
    168.     Figure 4. KEY BUYING CRITERIA OF TOWER CRANE RENTAL MARKET 
    169.     Figure 5. RESEARCH PROCESS OF MRFR 
    170.     Figure 6. DRO ANALYSIS OF TOWER CRANE RENTAL MARKET 
    171.     Figure 7. DRIVERS IMPACT ANALYSIS: TOWER CRANE RENTAL MARKET 
    172.     Figure 8. RESTRAINTS IMPACT ANALYSIS: TOWER CRANE RENTAL MARKET 
    173.     Figure 9. SUPPLY / VALUE CHAIN: TOWER CRANE RENTAL MARKET 
    174.     Figure 10. TOWER CRANE RENTAL MARKET, BY TYPE, 2025 (% SHARE) 
    175.     Figure 11. TOWER CRANE RENTAL MARKET, BY TYPE, 2019 TO 2035 (USD Billions) 
    176.     Figure 12. TOWER CRANE RENTAL MARKET, BY END USER, 2025 (% SHARE) 
    177.     Figure 13. TOWER CRANE RENTAL MARKET, BY END USER, 2019 TO 2035 (USD Billions) 
    178.     Figure 14. BENCHMARKING OF MAJOR COMPETITORS 

    US Tower Crane Rental Market Segmentation

     

     

     

    • Tower Crane Rental Market By Type (USD Billion, 2019-2035)

      • Hammer Head Tower Cranes

      • Self-erecting Tower Cranes

      • Flat Top Tower Cranes

    • Tower Crane Rental Market By End User (USD Billion, 2019-2035)

      • Residential

      • Commercial

      • Infrastructure

     

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