Global Overhead Cranes Market Size Study, by Type (Gantry Cranes, Jib Cranes), Lifting Capacity (Up to 5 Ton, 6-10 Ton), End-use Industry (Manufacturing, Construction), and Regional Forecasts 2022-2032

Description

The Global Overhead Cranes Market, valued at approximately USD 5.18 billion in 2023, is forecasted to grow at a steady compound annual growth rate (CAGR) of 6.8%, reaching an estimated USD 9.36 billion by 2032. Overhead cranes, known for their versatility and heavy-load handling capabilities, have become indispensable across industries such as manufacturing, construction, and logistics. These cranes enable seamless material handling by minimizing manual intervention, enhancing workplace efficiency, and reducing downtime. As industries embrace automation and smart technologies, overhead cranes are becoming a crucial element in streamlining operations and improving productivity.

The robust growth of the market can be attributed to surging demand from the manufacturing and construction sectors, both of which rely heavily on cranes for lifting and transporting heavy materials. Advancements in crane technology, such as the incorporation of IoT and remote monitoring systems, are further propelling market growth by enabling predictive maintenance, enhancing safety, and reducing operational costs. Additionally, the increasing focus on workplace safety standards and efficiency optimization is encouraging industries to invest in modernized crane systems with higher precision and performance capabilities.

However, the high initial investment and maintenance costs associated with advanced overhead cranes pose challenges for smaller enterprises. Additionally, operational complexities and a lack of skilled workforce in certain regions hinder widespread adoption. Despite these hurdles, the rising trend of automation, the adoption of AI-driven control systems, and government infrastructure initiatives are expected to create lucrative opportunities in the market. The gantry crane segment is anticipated to dominate the market owing to its flexibility and adaptability, while the manufacturing sector will continue to be the largest end-use industry for overhead cranes.

Regionally, Asia Pacific leads the market with rapid industrialization, infrastructure development, and substantial investments in the manufacturing and construction industries in countries like China, India, and Japan. North America and Europe follow closely, driven by well-established industrial bases and high adoption rates of advanced machinery. Meanwhile, Latin America and the Middle East & Africa are emerging as promising markets due to growing urbanization and infrastructure projects.

Major market players included in this report are:

Konecranes PLC
Liebherr Group
ABUS Kransysteme GmbH
Gorbel Inc.
GH Crane & Components
Columbus McKinnon Corporation
EMH Inc.
Demag Cranes & Components GmbH
Weihua Group
STAHL CraneSystems GmbH
American Crane & Equipment Corporation
R&M Materials Handling Inc.
Terex Corporation
Schneider Electric
Street Crane Company

The detailed segments and sub-segments of the market are explained below:

By Type:

Gantry Cranes
Jib Cranes

By Lifting Capacity:

Up to 5 Ton
6-10 Ton

By End-use Industry:

Manufacturing
Construction

By Region:

North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year: 2022
Base year: 2023
Forecast period: 2024 to 2032

Key Takeaways:

Market estimates and forecasts for 10 years, from 2022 to 2032.
Annualized revenue and regional-level analysis for each market segment.
Comprehensive geographical landscape with country-level analysis of major regions.
Competitive landscape featuring detailed insights into major players in the market.
Analysis of key business strategies and actionable recommendations for future market approaches.
Evaluation of the competitive structure of the market.
Demand-side and supply-side analysis of the market.

Chapter 1. Global Overhead Cranes Market Executive Summary

1.1. Global Overhead Cranes Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. {By Type}
- 1.3.2. {By Lifting Capacity}
- 1.3.3. {By End-use Industry}
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Overhead Cranes Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Overhead Cranes Market Dynamics

3.1. Market Drivers
- 3.1.1. Surging Demand in Manufacturing & Construction Sectors
- 3.1.2. Advancements in Crane Technology (IoT, Remote Monitoring)
- 3.1.3. Government Infrastructure Initiatives
3.2. Market Challenges
- 3.2.1. High Initial Investment & Maintenance Costs
- 3.2.2. Lack of Skilled Workforce & Operational Complexities
3.3. Market Opportunities
- 3.3.1. Automation & AI-driven Control Systems
- 3.3.2. Emerging Markets' Urbanization & Infrastructure Projects
- 3.3.3. Demand for Modernized & Efficient Crane Solutions

Chapter 4. Global Overhead Cranes Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Overhead Cranes Market Size & Forecasts by Type 2022-2032

5.1. Segment Dashboard
5.2. Global Overhead Cranes Market: {Type} Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Gantry Cranes
- 5.2.2. Jib Cranes

Chapter 6. Global Overhead Cranes Market Size & Forecasts by Lifting Capacity 2022-2032

6.1. Segment Dashboard
6.2. Global Overhead Cranes Market: {Lifting Capacity} Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Up to 5 Ton
- 6.2.2. 6-10 Ton

Chapter 7. Global Overhead Cranes Market Size & Forecasts by End-use Industry 2022-2032

7.1. Segment Dashboard
7.2. Global Overhead Cranes Market: {End-use Industry} Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. Manufacturing
- 7.2.2. Construction

Chapter 8. Global Overhead Cranes Market Size & Forecasts by Region 2022-2032

8.1. North America Overhead Cranes Market
- 8.1.1. U.S. Overhead Cranes Market
  - 8.1.1.1. {Type} breakdown size & forecasts, 2022-2032
  - 8.1.1.2. {Lifting Capacity} breakdown size & forecasts, 2022-2032
  - 8.1.1.3. {End-use Industry} breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Overhead Cranes Market
8.2. Europe Overhead Cranes Market
- 8.2.1. U.K. Overhead Cranes Market
- 8.2.2. Germany Overhead Cranes Market
- 8.2.3. France Overhead Cranes Market
- 8.2.4. Spain Overhead Cranes Market
- 8.2.5. Italy Overhead Cranes Market
- 8.2.6. Rest of Europe Overhead Cranes Market
8.3. Asia-Pacific Overhead Cranes Market
- 8.3.1. China Overhead Cranes Market
- 8.3.2. India Overhead Cranes Market
- 8.3.3. Japan Overhead Cranes Market
- 8.3.4. Australia Overhead Cranes Market
- 8.3.5. South Korea Overhead Cranes Market
- 8.3.6. Rest of Asia Pacific Overhead Cranes Market
8.4. Latin America Overhead Cranes Market
- 8.4.1. Brazil Overhead Cranes Market
- 8.4.2. Mexico Overhead Cranes Market
- 8.4.3. Rest of Latin America Overhead Cranes Market
8.5. Middle East & Africa Overhead Cranes Market
- 8.5.1. Saudi Arabia Overhead Cranes Market
- 8.5.2. South Africa Overhead Cranes Market
- 8.5.3. Rest of Middle East & Africa Overhead Cranes Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Konecranes PLC
- 9.1.2. Liebherr Group
- 9.1.3. Columbus McKinnon Corporation
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Konecranes PLC
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Liebherr Group
- 9.3.3. ABUS Kransysteme GmbH
- 9.3.4. Gorbel Inc.
- 9.3.5. GH Crane & Components
- 9.3.6. EMH Inc.
- 9.3.7. Demag Cranes & Components GmbH
- 9.3.8. Weihua Group
- 9.3.9. STAHL CraneSystems GmbH
- 9.3.10. American Crane & Equipment Corporation
- 9.3.11. R&M Materials Handling Inc.
- 9.3.12. Terex Corporation
- 9.3.13. Schneider Electric
- 9.3.14. Street Crane Company

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes