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Overhead Crane Market Trends

  • Report ID: GMI9431
  • Published Date: May 2024
  • Report Format: PDF

Overhead Crane Market Trends

Overhead cranes are witnessing significant technological advancements. Advanced technologies, such as automation, variable-speed drives, and automated positioning systems, enable overhead cranes to operate more precisely and quickly. This equates to more efficient material handling, which reduces total production time and personnel costs. Innovations including collision avoidance systems, overload protection, and sway control have improved worker safety, decreasing the likelihood of accidents and injuries with overhead cranes.

Advancements in remote monitoring enable real-time observation of crane performance and health. This enables predictive maintenance, which identifies possible problems before they cause significant damage. It also lowers the need for human inspections, increasing overall safety and lowering maintenance costs.

For instance, in July 2023, Sarens developed an adaptable gantry overhead crane system for lifting monopiles for offshore wind farms. This innovative system, designed in collaboration with EEW Special Pipe Constructions GmbH, is capable of handling monopiles weighing between 375 and 1,900 tonnes and with lengths ranging from 23 to 85 meters. The system features two gantries that can lift loads of up to 1,900 tons, with a height of 24 meters and a width of 25 meters. These gantries are equipped with 650-ton strandjacks connected to a spreader bar, allowing them to handle monopiles of various diameters.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of overhead crane reached USD 4.8 billion in 2023 and is set to witness 6% CAGR between 2024 and 2032, owing to the rising demand in end-user industries such as manufacturing, construction, and power generation.

The bridge segment accounted for over 34% share in 2023 and is expected to exceed USD 3.4 billion by 2032, as they are available in single or double-girder configurations, depending on the lifting capability required.

North America market accounted for a 39.6% share in 2023, attributed to government expenditures in infrastructure projects such as bridges, highways, and power plants.

Columbus McKinnon Corporation, Sumitomo Heavy Industries Material Handling Systems Co.Ltd, Ralf Teichmann GmbH, Gorbel Cranes, Konecranes, ABUS Kransysteme GmbH, Kito Corp, GH Cranes & Components, Weihua Group, EMH, Inc and Terex Corporation among others.

Overhead Crane Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 17
  • Tables & Figures: 300
  • Countries covered: 25
  • Pages: 350
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