Overhead Cranes Market Analysis & Forecast Research Report 2025

Posted by Mayur Yeole on February 17th, 2021

The global overhead cranes market is garnering substantial traction. The market growth attributes to the increasing automation across manufacturing industries. Besides, the continually increasing pressure for optimization of resources and energy drives the development of the market. Moreover, constant innovation in technology, upgrades of manufacturing plants, and the expansion of manufacturing sectors worldwide escalate the growth of the market.

According to Market Research Future (MRFR), the global overhead cranes market is projected to reach approximately USD 3,957.0 MN by 2025, growing at around 5% CAGR during the review period (2019 -2025). Overhead Cranes plays a causal role in improving various industrial processes such as the movement, storage, protection, and distribution of goods.

Get Free Sample PDF @ https://www.marketresearchfuture.com/sample_request/8265

Global Overhead Cranes Market   - Segments

The report is segmented into three dynamics;

By Product          : Single Girder Overhead Cranes and Double Girder Overhead Cranes.

By End-User       : Automotive, Paper, Utility, Aerospace, Metal & Mining, and others.

By Regions          :  Europe, Americas, APAC, and Rest-of-the-World.

Global Overhead Cranes Market - Regional Analysis

North America dominates the global overhead cranes market. The region is home to the largest aviation industry in the world. More than 20% of the economy of this region depends on manufacturing. The largest market share attributes to the presence of several notable players and fully automated industries. Besides, the high penetration of overhead cranes in metal & heavy machinery and automotive industry in the region drive the growth of this market.

Europe stands second in the global overhead cranes market. The EU has the world’s second-largest industrial output and a highly automated manufacturing industry. The market growth is driven by the augmented demand from the rapidly growing end-use industries. Germany, Italy, and France are key markets for material handling equipment, expanding the regional market growth. The European overhead cranes market is expected to increase at a steady growth rate during the review period.

The Asia Pacific region possesses a sizable share in the global overhead cranes market. The region is the largest producer of goods worldwide due to manufacturing giants such as China, Japan, and South Korea. Factors such as the rapidly expanding manufacturing industry and the booming industrial sector in the region boost the growth of the market. Additionally, the rising safety concerns at workplaces and industrial set-ups drive the growth of the regional market.

Overhead Cranes Market   - Competitive Analysis

Highly competitive, the overhead cranes market appears fragmented due to the presence of several well-established players. To gain a larger competitive share, industry players incorporate strategic initiatives such as mergers & acquisitions, collaboration, product launch, and expansion.

Major Players:

Players leading the overhead cranes market include Konecranes Plc (Finland), Cargotec (Finland), Terex Cranes (US), Eilbeck Cranes (Australia), Ergonomic Partners (US), Columbus McKinnon Corporation (US), EMH, Inc (US), Weihua Group (China), ABUS Kransysteme GmbH (Germany), and Sumitomo Heavy Industries Material Handling Systems Co., Ltd (Japan), among others.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/overhead-cranes-market-8265

Like it? Share it!


Mayur Yeole

About the Author

Mayur Yeole
Joined: February 8th, 2021
Articles Posted: 565

More by this author