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Global Overhead Cranes Market: By Type: Single Girder, Double Girder; By Business Type: Original Equipment Manufacturer, Aftermarket; By End User: Automotive, Metal and Mining, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Overhead Cranes Market Outlook
The global overhead cranes market attained a value of USD 3.6 billion in 2020. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR 4.91% to reach USD 4.80 billion by 2026.
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Increasing Demand in the Automotive Industry to Augment the Overhead Cranes Industry Growth
Based on end user, the automotive segment is expected to hold a significant share of the industry in the forecast period. The product demand is expected to grow as the automotive industry is rapidly expanding and has a highly automated manufacturing process. Cranes are critical to the factory line production process, so this is a significant market for overhead cranes in this segment. Assembly lines are a common application for overhead cranes in the automotive industry. They transport automotive materials from one station to the next until the finished product is complete, making assembly lines much more efficient. Meanwhile, the manufacturing segment is expected to witness a considerable growth in the forecast period owing to the efficient handling of numerous heavy loads and the need to ensure the safe, efficient, and quick transfer of material from one stage to another.
The Asia Pacific Dominates the Global Market for Overhead Cranes
Geographically, the Asia Pacific accounts for a dominant share in the industry due to the increasing innovations in the automotive sector and the increasing government investments to encourage the adoption of overhead cranes to ensure workplace safety. The Asia Pacific is the largest producer of goods worldwide due to the presence of manufacturing giants such as China, Japan, and South Korea. In addition, India's rapidly expanding manufacturing industry, with favourable government initiatives and manufacturing processes being streamlined to a greater extent, is expected to become one of the world's largest, thus, providing ample growth opportunities to the industry. These reasons are driving the market for overhead cranes in the region.
Overhead Cranes: Market Segmentation
An overhead crane is commonly known as a bridge crane. It is a type of crane typically found in the industrial environment. An overhead crane is made up of parallel runways connected by a travelling bridge. It enables you to precisely lift and move heavy materials from one location to another. It is commonly used in manufacturing or maintenance applications where efficiency and downtime are critical factors. The two most important reasons for installing overhead cranes are efficiency and safety. Overhead cranes can operate at a much faster rate than floor or land-based machinery. The cranes can safely move materials in hazardous, dangerous, and severe conditions, such as where there are heated metals, chemicals, or toxic materials, without endangering workers.
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By type, the market is divided into:
- Single Girder
- Double Girder
Based on business type, the industry can be segmented into:
- Original Equipment Manufacturer
- Aftermarket
On the basis of end user, the industry can be categorised into:
- Automotive
- Metal and Mining
- Manufacturing
- Aerospace
- Utilities
- Shipyards
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Investments to Develop Infrastructure to Bolster the Growth of the Overhead Cranes Industry
The global overhead cranes industry is being driven by the increasing government investments to develop domestic infrastructure, which demands shipping or handling of heavy loads and improved labour safety. As overhead cranes can help transfer bulky and heavy loads in industrial spaces and facilitate smooth lifting operations, their demand has been increasing to enhance workplace safety. Over the forecast period, the growing demand for overhead cranes in the automotive and manufacturing sectors are expected to significantly contribute to the industry growth.
Key Industry Players in the Global Overhead Cranes Market
The report presents a detailed analysis of the following key players in the global overhead cranes market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- ABUS Kransysteme GmbH
- Columbus McKinnon Corporation
- EMH, Inc
- GH Cranes & Components
- Gorbel Cranes
- Kito Corp
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Business Type, End User, Region |
| Breakup by Type | Single Girder, Double Girder |
| Breakup by Business Type | Original Equipment Manufacturer, Aftermarket |
| Breakup by End User | Automotive, Metal and Mining, Manufacturing, Aerospace, Utilities, Shipyards, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | ABUS Kransysteme GmbH, Columbus McKinnon Corporation, EMH, Inc, GH Cranes & Components, Gorbel Cranes, Kito Corp, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Overhead Cranes Market Analysis
8.1 Key Industry Highlights
8.2 Global Overhead Cranes Historical Market (2017-2021)
8.3 Global Overhead Cranes Market Forecast (2022-2027)
8.4 Global Overhead Cranes Market by Type
8.4.1 Single Girder
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Double Girder
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.5 Global Overhead Cranes Market by Business Type
8.5.1 Original Equipment Manufacturer
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Aftermarket
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.6 Global Overhead Cranes Market by End User
8.6.1 Automotive
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Metal and Mining
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 Manufacturing
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2017-2021)
8.6.3.3 Forecast Trend (2022-2027)
8.6.4 Aerospace
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2017-2021)
8.6.4.3 Forecast Trend (2022-2027)
8.6.5 Utilities
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2017-2021)
8.6.5.3 Forecast Trend (2022-2027)
8.6.6 Shipyards
8.6.6.1 Market Share
8.6.6.2 Historical Trend (2017-2021)
8.6.6.3 Forecast Trend (2022-2027)
8.6.7 Others
8.7 Global Overhead Cranes Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 ABUS Kransysteme GmbH
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Columbus McKinnon Corporation
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 EMH, Inc
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 GH Cranes & Components
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Gorbel Cranes
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Kito Corp
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Overhead Cranes Market: Key Industry Highlights, 2016 and 2026
2. Global Overhead Cranes Historical Market: Breakup by Type (USD Billion), 2017-2021
3. Global Overhead Cranes Market Forecast: Breakup by Type (USD Billion), 2022-2027
4. Global Overhead Cranes Historical Market: Breakup by Business Type (USD Billion), 2017-2021
5. Global Overhead Cranes Market Forecast: Breakup by Business Type (USD Billion), 2022-2027
6. Global Overhead Cranes Historical Market: Breakup by End User (USD Billion), 2017-2021
7. Global Overhead Cranes Market Forecast: Breakup by End User (USD Billion), 2022-2027
8. Global Overhead Cranes Historical Market: Breakup by Region (USD Billion), 2017-2021
9. Global Overhead Cranes Market Forecast: Breakup by Region (USD Billion), 2022-2027
10. North America Overhead Cranes Historical Market: Breakup by Country (USD Billion), 2017-2021
11. North America Overhead Cranes Market Forecast: Breakup by Country (USD Billion), 2022-2027
12. Europe Overhead Cranes Historical Market: Breakup by Country (USD Billion), 2017-2021
13. Europe Overhead Cranes Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Asia Pacific Overhead Cranes Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Asia Pacific Overhead Cranes Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Latin America Overhead Cranes Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Latin America Overhead Cranes Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Middle East and Africa Overhead Cranes Historical Market: Breakup by Country (USD Billion), 2017-2021
19. Middle East and Africa Overhead Cranes Market Forecast: Breakup by Country (USD Billion), 2022-2027
20. Global Overhead Cranes Market Structure
Key Questions Answered in the Report
In 2020, the global overhead cranes market attained a value of nearly USD 3.6 billion.
The market is projected to grow at a CAGR of 4.91% between 2022 and 2027.
The major drivers of the industry include the expanding factory automation increasing innovations in the automotive sector, expansion of various end-use industries, and advancements in manufacturing processes.
The key market trends guiding the growth of the industry include the increasing government investments to develop domestic infrastructure and the growing demand in the automotive and manufacturing sectors.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
By type, the market is segmented into single girder and double girder.
The market is divided based on original equipment manufacturer and aftermarket.
On the basis of end user, the industry can be bifurcated into automotive, metal and mining manufacturing, aerospace, utilities, and shipyards, among others.
The major players in the industry are ABUS Kransysteme GmbH, Columbus McKinnon Corporation, EMH, Inc, GH Cranes & Components, Gorbel Cranes, and Kito Corp, among others.
Analyst Review
The global overhead cranes market attained a value of USD 3.6 billion in 2020, driven by the increasing government investments for the development of domestic infrastructures. Aided by the increasing innovations in the automotive sector and advancements in manufacturing processes, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 4.91%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By type, the market is divided into include single girder and double girder. Based on business type, the industry can be categorised into original equipment manufacturer and aftermarket. Based on end user, the industry can be categorised into automotive, metal and mining manufacturing, aerospace, utilities, and shipyards, among others. The major regional markets for overhead cranes are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the market ABUS Kransysteme GmbH, Columbus McKinnon Corporation, EMH, Inc, GH Cranes & Components, Gorbel Cranes, and Kito Corp, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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