PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1528981
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1528981
Overhead Crane Market Size - By Cranes (Gantry Crane, Jib Crane, Bridge Crane), By Lifting Capacity (Light Duty, Medium Duty, Heavy Duty), By Business (Original Equipment Manufacturer (OEM), Aftermarket), By Industry & Forecast, 2024 - 2032
Overhead Crane Market size is set to record over 6% CAGR from 2024 to 2032 due to several firms increasingly forming partnerships to drive technological advancements for enhancing innovation and streamlining operations. Collaborations are resulting in the development of smarter, more efficient crane systems. Companies are also integrating advanced technologies like IoT, AI, and automation to improve performance and safety.
Additionally, the focus on creating more sophisticated and reliable cranes by implementing cutting-edge technologies to offer better solutions and services will drive product demand. For instance, in November 2022, Elite Cranes UK announced a new partnership with GH Cranes & Components to enhance its offerings in overhead cranes by combining expertise to provide more advanced and efficient lifting solutions.
The overall industry is segmented into cranes, lifting capacity, business, industry and region.
Overhead crane market from the gantry crane segment will record a decent growth rate between 2024 and 2032, due to the integration of advanced technologies, such as automation and IoT to enhance the efficiency and safety of cranes. By adopting these innovations, companies are creating more versatile and reliable gantry cranes that can handle a variety of heavy-lifting tasks with precision. Manufacturers are also working on technological integrations to ensure that gantry cranes become smarter and more efficient.
In terms of business, the overhead crane industry from the original equipment manufacturer (OEM) segment is anticipated to witness a significant CAGR from 2024-2032. This is owing to the growing emphasis on enhancing their product offerings through advanced technologies and innovation. These businesses are integrating cutting-edge features into their cranes to improve efficiency and safety. In addition, OEMs are developing more sophisticated and sustainable overhead cranes by incorporating Eco-friendly materials and energy-efficient systems.
Asia Pacific overhead crane industry size will record significant CAGR through 2032 due to rising demand in emerging economies along with the ongoing effects of globalization and trade expansion. Companies in this region are investing in advanced crane technologies to meet the surging industrial needs whilst enhancing their production capabilities and expanding their market reach. Rising trade expansion for driving increased cross-border activities compelling manufacturers to maintain their competitive edge by innovating and adapting to global standards will favor market growth.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
- 1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimates
- 1.3 Forecast model
- 1.4 Primary research & validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
- 1.5 Market definitions
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis, 2021 - 2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Supplier landscape
- 3.2.1 Raw material supplier
- 3.2.2 OEM and parts manufacturer
- 3.2.3 Automation technology providers
- 3.2.4 Distributors & resellers
- 3.2.5 Engineering & consulting firms
- 3.3 Profit margin analysis
- 3.4 Technology & innovation landscape
- 3.5 Patent analysis
- 3.6 Key news & initiatives
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Rising demand in end-user industries such as manufacturing, construction, and power generation
- 3.8.1.2 Growth in infrastructure development around the world
- 3.8.1.3 Advancement in automation and control technology
- 3.8.1.4 Expansion of manufacturing in developing economies
- 3.8.1.5 Increasing focus on safety and efficiency
- 3.8.2 Industry pitfalls & challenges
- 3.8.2.1 High initial investment for acquiring and maintaining
- 3.8.2.2 Limited adoption in specific industries
- 3.8.1 Growth drivers
- 3.9 Growth potential analysis
- 3.10 Porter's analysis
- 3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Cranes, 2021 - 2032 ($Bn, Units)
- 5.1 Key trends
- 5.2 Gantry crane
- 5.3 Jib crane
- 5.4 Bridge crane
- 5.5 Others
Chapter 6 Market Estimates & Forecast, By Lifting Capacity, 2021 - 2032 ($Bn, Units)
- 6.1 Key trends
- 6.2 Light duty (up to 5 tons)
- 6.3 Medium duty (5-10 tons)
- 6.4 Heavy duty (more than 10 tons)
Chapter 7 Market Estimates & Forecast, By Business, 2021 - 2032 ($Bn, Units)
- 7.1 Key trends
- 7.2 Original equipment manufacturer (OEM)
- 7.3 Aftermarket
Chapter 8 Market Estimates & Forecast, By Industry, 2021 - 2032 ($Bn, Units)
- 8.1 Key trends
- 8.2 Automotive
- 8.3 Metal & mining
- 8.4 Manufacturing
- 8.5 Aerospace
- 8.6 Utilities
- 8.7 Shipyards
- 8.8 Others
Chapter 9 Market Estimates & Forecast, By Region, 2021 - 2032 ($Bn, Units)
- 9.1 Key trends
- 9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
- 9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Spain
- 9.3.5 Italy
- 9.3.6 Russia
- 9.3.7 Nordics
- 9.3.8 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 ANZ
- 9.4.6 Southeast Asia
- 9.4.7 Rest of Asia Pacific
- 9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.5.4 Rest of Latin America
- 9.6 MEA
- 9.6.1 UAE
- 9.6.2 South Africa
- 9.6.3 Saudi Arabia
- 9.6.4 Rest of MEA
Chapter 10 Company Profiles
- 10.1 Columbus McKinnon Corporation
- 10.2 Sumitomo Heavy Industries Material Handling Systems Co.,Ltd.
- 10.3 Ralf Teichmann GmbH
- 10.4 Gorbel Cranes
- 10.5 Konecranes
- 10.6 ABUS Kransysteme GmbH
- 10.7 Kito Corp
- 10.8 GH Cranes & Components
- 10.9 Weihua Group
- 10.10 EMH, Inc
- 10.11 Terex Corporation
- 10.12 Cargotec Corporation
- 10.13 Liebherr Group
- 10.14 ZPMC
- 10.15 Demag Cranes & Components GmbH
- 10.16 ABUS Kransysteme GmbH
- 10.17 STAHL CraneSystems
