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Overhead Cranes Market

The global overhead cranes market size is expected to reach $5,767.5 million by 2025 from $4,355.1 million in 2017, growing at a CAGR of 3.6% from 2018 to 2025. Overhead crane is a machine used to lift, displace, and move heavy & bulky loads in the industrial environment. It is equipped with parallel runways with a traveling bridge and a hoist. The lifting component of a crane mounted on a beam moves in multiple directions. Overhead crane is also known as bridge crane and suspended crane, as it has high lifting capabilities and can move objects through overhead space in the facility. It is operated either manually or using wired pendant station. Moreover, it can be directed remotely with the help of wireless control. It is majorly used to complete inside loading and unloading activities in manufacturing and storage facilities. Furthermore, it is used to complete lifting operations in shipping port.

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Overhead Cranes Market

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  1. Top Key Players Of The Overhead Cranes Market, 2018 - 2025 Overhead Cranes Market by Solution (Product and Services) and End User (Automotive, Metal & Mining, Paper, Aerospace, Utility, Shipyards, and Others): Global Opportunity Analysis and Industry Forecast, 2018 - 2025

  2. Overhead Cranes Market Overview: • The globaloverhead cranes market size is expected to reach $5,767.5 million by 2025 from $4,355.1 million in 2017, growing at a CAGR of 3.6% from 2018 to 2025. Overhead crane is a machine used to lift, displace, and move heavy & bulky loads in the industrial environment. It is equipped with parallel runways with a traveling bridge and a hoist. The lifting component of a crane mounted on a beam moves in multiple directions. Overhead crane is also known as bridge crane and suspended crane, as it has high lifting capabilities and can move objects through overhead space in the facility. It is operated either manually or using wired pendant station. Moreover, it can be directed remotely with the help of wireless control. It is majorly used to complete inside loading and unloading activities in manufacturing and storage facilities. Furthermore, it is used to complete lifting operations in shipping port. • Request Sample Report:

  3. Increase in investment by government for development of domestic infrastructure activities is majorly driving the demand for overhead cranes, as these cranes are more reliable and efficient. Moreover, various industrial applications need to handle heavy loads, in such applications overhead crane replace multiple forklifts, reduces the labor cost, and minimizes human intervention, thereby increasing workplace safety. In addition, overhead cranes provide flexibility to operations, as these cranes can operate on any plant and can be customized with specialized tools to complete diversified operations. Furthermore, automated systems used in these cranes reduce the operational time, improve the precision of work, and reduce product damage. These factors are majorly driving demand for overhead cranes market. However, limited availability of highly skilled machine operators and high lead time in machine delivery can hamper on overhead cranes market growth.

  4. On the contrary, increase in emphasis on domestic manufacturing is expected to provide lucrative opportunity for small player in developing countries. For instance, Demag Cranes & Components Corporation provides overhead crane-based logistics solution to a leading manufacturer of steam turbines. These cranes are used for lifting of heavy turbine assemblies, parts, and semi-finished components at machining centers.

  5. The global overhead cranes market is segmented by solution, end user, and region. The solutions segment includes various products and services related to overhead cranes. In 2017, the services segment dominated the market, in terms of revenue, and is expected to maintain this trend in the coming years. The product segment is further divided into bridge cranes, gantry cranes, and others (goliath crane, monorail crane, and workstation crane).The service division is subsegmented into maintenance, repair, and others (inspection, design, and training). Based on end user, the market is categorized into automotive, metal & mining, paper, aerospace, utility, shipyards, and others (chemical, logistics, transportation, and food & beverage). The automotive segment is anticipated to dominate the global overhead cranes market throughout the forecast period.

  6. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2017, Asia-Pacific contributed the highest share in the overhead cranes market, and is anticipated to secure the leading position during the forecast period, owing to the presence of key manufacturing companies and large investment in the manufacturing sector.

  7. Competitive Analysis • Competitive analysis and profiles of the major overhead cranes market players, such as ABUS Kransysteme GmbH, CARGOTEC, Columbus McKinnon Corporation, Engineered Material Handling Inc., GH Cranes & Components, Gorbel Cranes, KITO CORP., Konecranes Plc, Sumitomo Heavy Industries Ltd., and Weihua Group, are provided in this report. The key strategies adopted by these players from 2015 to 2018 were product launch, acquisition, and collaboration. • Key Benefits for Overhead Cranes Market: • The report provides an extensive analysis of the current & emerging market trends and dynamics in the global overhead cranes market. • In-depth analysis is conducted by constructing market estimations for the key market segments between 2018 and 2025. • Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework. • A comprehensive analysis of all regions is provided to determine the prevailing opportunities in these geographies. • Key market players within the overhead cranes market are profiled in this report, and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the global market.

  8. Overhead Cranes Key Market Segments: By Solutions By End User Automotive     Metal & Mining     Paper     Utility     Aerospace     Shipyards     Others • Product • Bridge Crane • Gantry Crane     • Others   • Services • Maintenance • Repair     • Other    

  9. By Geography • North America • U.S. • Canada • Mexico • Europe • Germany • UK • France • Russia • Rest of Europe • Asia-Pacific • China • Japan • India • Australia • Rest of Asia-Pacific • LAMEA • Latin America • Middle East • Africa

  10. Key Players • ABUS Kransysteme GmbH • Cargotec • Columbus McKinnon Corporation • Engineered Material Handling Inc. • GH Cranes & Components • Gorbel Cranes • KITO Corp. • Konecranes Plc. • Sumitomo Heavy Industries Ltd. • Weihua Group

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