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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 (2016-2026); 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 2021-2026 at a CAGR 4.91% to reach USD 4.80 billion by 2026.

 

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.

 

Global Overhead Cranes Market

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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: Industry Definition and 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.

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.

 

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 2016-2020
Forecast Period 2021-2026
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, EMR’s 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.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 (2016-2020) 
    8.3    Global Overhead Cranes Market Forecast (2021-2026)
    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 (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Double Girder
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
    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 (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Aftermarket 
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
    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 (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Metal and Mining  
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Manufacturing 
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
        8.6.4    Aerospace
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2016-2020)
            8.6.4.3    Forecast Trend (2021-2026)
        8.6.5    Utilities 
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2016-2020)
            8.6.5.3    Forecast Trend (2021-2026)
        8.6.6    Shipyards 
            8.6.6.1    Market Share
            8.6.6.2    Historical Trend (2016-2020)
            8.6.6.3    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        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    EMR’s Key Indicators for Demand
    10.4    EMR’s 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 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), 2016-2020
3.    Global Overhead Cranes Market Forecast: Breakup by Type (USD Billion), 2021-2026
4.    Global Overhead Cranes Historical Market: Breakup by Business Type (USD Billion), 2016-2020
5.    Global Overhead Cranes Market Forecast: Breakup by Business Type (USD Billion), 2021-2026
6.    Global Overhead Cranes Historical Market: Breakup by End User (USD Billion), 2016-2020
7.    Global Overhead Cranes Market Forecast: Breakup by End User (USD Billion), 2021-2026
8.    Global Overhead Cranes Historical Market: Breakup by Region (USD Billion), 2016-2020
9.    Global Overhead Cranes Market Forecast: Breakup by Region (USD Billion), 2021-2026
10.    North America Overhead Cranes Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    North America Overhead Cranes Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Europe Overhead Cranes Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Europe Overhead Cranes Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Asia Pacific Overhead Cranes Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Asia Pacific Overhead Cranes Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Latin America Overhead Cranes Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Latin America Overhead Cranes Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Middle East and Africa Overhead Cranes Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Middle East and Africa Overhead Cranes Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Global Overhead Cranes Market Structure

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