The Tower Crane Rental Market is projected to reach USD 22.1 billion by 2030, growing at a CAGR of 5.2%. The demand for leasing cranes is increasing due to factors like construction growth and advanced technology integration, leading to enhanced safety and efficiency in operations.

Key players in the market include Liebherr AG, Bigge Crane and Rigging Co., and ACE Construction Equipment Ltd. Drivers include construction and infrastructure growth, while challenges include balancing recyclability with barrier performance in food applications.

LiDAR technology is revolutionizing the tower crane rental market by providing high-resolution mapping for anti-collision systems. This technology improves obstacle detection, distance measurements, and operator awareness, enhancing safety and efficiency in crane operations.

The Asia Pacific region leads the tower crane rental market, driven by urbanization, construction, and infrastructure investments. India is experiencing significant growth due to high-rise construction and technological advancements in crane operations.

In the US, the tower crane rental market is growing rapidly, fueled by urban infrastructure investments and commercial construction projects. Major cities like New York and Los Angeles are driving demand, with a focus on operational flexibility and advanced technology integration.

Overall, the tower crane rental market is expanding due to the need for cost-effective, high-performance lifting solutions in various industries. Advanced technologies like LiDAR are shaping the future of crane operations, making them safer, more efficient, and sustainable.

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