Competition witnessed in the global mobile and tower cranes market is forecast to intensify further in the coming years. The rising focus of manufacturers to expand their footprint on the back of technological advancements and the increasing demand for eco-friendly tower cranes will enable the market gain momentum, finds Transparency Market Research (TMR) in a new study. “ Tower cranes usually come with a high price tag, which could have adverse impact on a company’s growth targets. Several market players therefore offer rental services to customers who are not willing to spend on expensive tower cranes,” said a lead TMR analyst. “As companies offer lucrative lease offers to gain traction, competition prevailing in the global mobile and tower cranes market is expected to get fiercer in the coming years,” he added. According to TMR, the market is poised to surge at a moderate 3.5% CAGR between 2017 and 2025, reaching US$31.24 bn by the end of 2025. At the...