Electric Overhead Travelling (EOT) Crane Market Report: Trends, Forecast and Competitive Analysis to 2030

Electric Overhead Travelling (Eot) Crane Trends and Forecast

The future of the global electric overhead travelling (EOT) crane market looks promising with opportunities in the construction & infrastructure, mining excavation, metallurgy, shipping & boarding, automotive, and oil & gas industry markets. The global electric overhead travelling (EOT) crane market is expected to reach an estimated $95.7 million by 2030 with a CAGR of 4.5% from 2024 to 2030. The major drivers for this market are rise in government investment for the enhancement of infrastructure, growing demand for electric overhead traveling (EOT) cranes in construction and mining applications across the globe, and increasing popularity of automated systems in various industrial sectors.

A more than 150-page report is developed to help in your business decisions.

Electric Overhead Travelling (Eot) Crane by Segment

The study includes a forecast for the global electric overhead travelling (EOT) crane by type, distribution channel, end use industry, and region.

Electric Overhead Travelling (EOT) Crane Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Single Girder Cranes
• Double Girder Bridge Cranes
• Gantry Cranes
• Monorails

Electric Overhead Travelling (EOT) Crane Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]:

• Online
• Offline

Electric Overhead Travelling (EOT) Crane Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Construction & Infrastructure Industry
• Mining Excavation Industry
• Metallurgy
• Shipping & Boarding Industry
• Automotive
• Oil & Gas Industry
• Others

Electric Overhead Travelling (EOT) Crane Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Electric Overhead Travelling (Eot) Crane Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies electric overhead travelling (EOT) crane companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the electric overhead travelling (EOT) crane companies profiled in this report include-

• SISSCO Material Handling
• Elestar Crane System
• Forum Hoist
• Konecranes
• ABUS Cranes
• Gorbel
• Terex
• GH Crane & Components
• KITO Group
• Columbus Mckinnon Corporation

Electric Overhead Travelling (EOT) Crane Market Insights

Lucintel forecasts that single girder cranes will remain the largest segment over the forecast period because it is utilized for transporting heavy items like beams or columns, these cranes are often equipped with a hoisting mechanism, as well as employed for maintenance and repair tasks.

Within this market, construcion & infrastructure industry will remain the largest segment over the forecast period due to growing infrastructure investment in emerging economies such as China, India, and Brazil and rising trends of urbanization and industrial expansion.

APAC will remain the largest region over the forecast period due to growing government expenditure on construction and infrastructure development across the region, as well as, developing offshore oil & gas sector in India and China.

Features of the Global Electric Overhead Travelling (Eot) Crane Market

Market Size Estimates: Electric overhead travelling (EOT) crane market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Electric overhead travelling (EOT) crane market size by type, distribution channel, end use industry, and region in terms of value ($B).

Regional Analysis: Electric overhead travelling (EOT) crane market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, distribution channels, end use industries, and regions for the electric overhead travelling (EOT) crane market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the electric overhead travelling (EOT) crane market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the electric overhead travelling (EOT) crane market size?

Answer: The global electric overhead travelling (EOT) crane market is expected to reach an estimated $95.7 million by 2030.

Q.2 What is the growth forecast for electric overhead travelling (EOT) crane market?

Answer: The global electric overhead travelling (EOT) crane market is expected to grow with a CAGR of 4.5% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the electric overhead travelling (EOT) crane market?

Answer: The major drivers for this market are rise in government investment for the enhancement of infrastructure, growing demand for electric overhead traveling (EOT) cranes in construction and mining applications across the globe, and increasing popularity of automated systems in various industrial sectors.

Q4. What are the major segments for electric overhead travelling (EOT) crane market?

Answer: The future of the global electric overhead travelling (EOT) crane market looks promising with opportunities in the construction & infrastructure, mining excavation, metallurgy, shipping & boarding, automotive, and oil & gas industry markets.

Q5. Who are the key electric overhead travelling (EOT) crane market companies?

Answer: Some of the key electric overhead travelling (EOT) crane companies are as follows:

• SISSCO Material Handling
• Elestar Crane System
• Forum Hoist
• Konecranes
• ABUS Cranes
• Gorbel
• Terex
• GH Crane & Components
• KITO Group
• Columbus Mckinnon Corporation

Q6. Which electric overhead travelling (EOT) crane market segment will be the largest in future?

Answer: Lucintel forecasts that single girder cranes will remain the largest segment over the forecast period due to utilized for transporting heavy items like beams or columns, these cranes are often equipped with a hoisting mechanism, as well as employed for maintenance and repair tasks.

Q7. In electric overhead travelling (EOT) crane market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to growing government expenditure on construction and infrastructure development across the region, as well as, developing offshore oil & gas sector in India and China.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the electric overhead travelling (EOT) crane market by type (single girder cranes, double girder bridge cranes, gantry cranes, and monorails), distribution channel (online and offline), end use industry (construction & infrastructure industry, mining excavation industry, metallurgy, shipping & boarding industry, automotive, oil & gas industry, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?