Product Code: GVR-4-68040-477-5
Overhead Cranes Market Size & Trends:
The global overhead cranes market size was estimated at USD 5.18 billion in 2023 and is projected to grow and at a CAGR of 6.8% from 2024 to 2030. The market is witnessing robust growth due to rising demand across several end-user industries, such as manufacturing, construction, automotive, and power generation. As these sectors expand, they require efficient material handling solutions to manage increased workloads and improve productivity. Overhead cranes enable heavy lifting and the transport of goods, which is essential for meeting the increased output requirements of these industries.
Rapid urbanization and increasing infrastructure development across the globe are driving the demand for overhead cranes. Governments are investing heavily in infrastructure projects such as bridges, highways, and power plants, which require substantial lifting equipment such as overhead cranes. Overhead cranes are essential for their versatility in lifting and transporting materials across construction sites. Thus, rising government investments in infrastructure projects and a growing focus on sustainable building practices are fueling the market's growth.
Technological advancement is a pivotal trend in the overhead crane market. Integrating advanced technologies such as automation, variable-speed drives, and automated positioning systems enhances operational efficiency and precision in material handling. These advancements reduce total production time and minimize personnel costs. Safety features such as collision avoidance systems and overload protection have become increasingly important to improve worker safety and reduce the rate of accidents. The ongoing development of remote monitoring capabilities allows for real-time performance tracking and predictive maintenance, further optimizing crane operations and thereby driving the market's growth.
Furthermore, sustainability is emerging as a core focus for industries worldwide. Manufacturers are innovating to produce energy-efficient cranes that consume less power and reduce carbon footprints. Technologies such as regenerative drives and lightweight materials are being utilized to enhance energy efficiency. Additionally, companies are demanding cranes that can integrate with renewable energy sources. Thus, as industries move toward greener practices, the demand for sustainable lifting solutions is expected to increase, and contribute to the market's growth.
The high initial investment needed for purchasing and maintaining overhead cranes is a major factor that could hamper market growth. Ongoing maintenance expenses, such as regular inspections and component replacements, can add up over time, resulting in a long-term financial burden for companies. The time-consuming and costly nature of inspections varies based on the crane's size and complexity. These inspection costs can be a significant barrier for small businesses or those with limited budgets. However, the advantages of regular overhead crane inspections far outweigh the drawbacks, as they ensure the safety of both workers and equipment while helping companies maintain productivity and profitability.
Global Overhead Cranes Market Report Segmentation
The report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the overhead cranes market based on type, lifting capacity, end-use industry, and region.
- Type Outlook (Revenue, USD Million, 2018 - 2030)
- Gantry Cranes
- Jib Cranes
- Bridge Cranes
- Others
- Lifting Capacity Outlook (Revenue, USD Million, 2018 - 2030)
- Up to 5 Ton
- 6-10 Ton
- 11-50 Ton
- More Than 50 Ton
- End Use Industry Outlook (Revenue, USD Million, 2018 - 2030)
- Manufacturing
- Automotive and Transportation
- Construction
- Metal and Mining
- Power and Utilities
- Ports and Shipyards
- Others
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Latin America
- Middle East & Africa (MEA)
- UAE
- Kingdom of Saudi Arabia (KSA)
- South Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Impact Analysis
- 3.3.2. Market Challenge Impact Analysis
- 3.3.3. Market Opportunity Impact Analysis
- 3.4. Overhead Cranes Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
Chapter 4. Overhead Cranes Market: Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Overhead Cranes Market: Type Movement Analysis, USD Million, 2023 & 2030
- 4.3. Gantry Cranes
- 4.3.1. Gantry Cranes Markets Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Jib Cranes
- 4.4.1. Jib Cranes Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5. Bridge Cranes
- 4.5.1. Bridge Cranes Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.6. Others
- 4.6.1. Others Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Overhead Cranes Market: Lifting Capacity Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Overhead Cranes Market: Lifting Capacity Movement Analysis, USD Million, 2023 & 2030
- 5.3. Up to 5 Ton
- 5.3.1. Up to 5 Ton Markets Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. 6-10 Ton
- 5.4.1. 6-10 Ton Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. 11-50 Ton
- 5.5.1. 11-50 Ton Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6. More Than 50 Ton
- 5.6.1. More Than 50 Ton Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Overhead Cranes Market: End-use Industry Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Overhead Cranes Market: End-use Industry Movement Analysis, USD Million, 2023 & 2030
- 6.3. Manufacturing
- 6.3.1. Manufacturing Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Automotive and Transportation
- 6.4.1. Automotive and Transportation Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Construction
- 6.5.1. Construction Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6. Metal and Mining
- 6.6.1. Metal and Mining Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.7. Power and Utilities
- 6.7.1. Power and Utilities Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.8. Ports and Shipyards
- 6.8.1. Ports and Shipyards Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.9. Others
- 6.9.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Overhead Cranes Market: Regional Estimates & Trend Analysis
- 7.1. Overhead Cranes Market Share, By Region, 2023 & 2030, USD Million
- 7.2. North America
- 7.2.1. North America Overhead Cranes market estimates & forecasts, 2018 - 2030 (USD Million)
- 7.2.2. U.S.
- 7.2.2.1. U.S. Overhead Cranes market estimates & forecasts, 2018 - 2030 (USD Million)
- 7.2.3. Canada
- 7.2.3.1. Canada Overhead Cranes market estimates & forecasts, 2018 - 2030 (USD Million)
- 7.2.4. Mexico
- 7.2.4.1. Mexico Overhead Cranes market estimates & forecasts, 2018 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Europe Overhead Cranes market estimates & forecasts, 2018 - 2030 (USD Million)
- 7.3.2. U.K.
- 7.3.2.1. U.K. Overhead Cranes market estimates & forecasts, 2018 - 2030 (USD Million)
- 7.3.3. Germany
- 7.3.3.1. Germany Overhead Cranes market estimates & forecasts, 2018 - 2030 (USD Million)
- 7.3.4. France
- 7.3.4.1. France Overhead Cranes market estimates & forecasts, 2018 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Overhead Cranes market estimates & forecasts, 2018 - 2030 (USD Million)
- 7.4.2. China
- 7.4.2.1. China Overhead Cranes market estimates & forecasts, 2018 - 2030 (USD Million)
- 7.4.3. India
- 7.4.3.1. India Overhead Cranes market estimates & forecasts, 2018 - 2030 (USD Million)
- 7.4.4. Japan
- 7.4.4.1. Japan Overhead Cranes market estimates & forecasts, 2018 - 2030 (USD Million)
- 7.4.5. South Korea
- 7.4.5.1. South Korea Overhead Cranes market estimates & forecasts, 2018 - 2030 (USD Million)
- 7.4.6. Australia
- 7.4.6.1. Australia Overhead Cranes market estimates & forecasts, 2018 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America Overhead Cranes market estimates & forecasts, 2018 - 2030 (USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Brazil Overhead Cranes market estimates & forecasts, 2018 - 2030 (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Middle East & Africa Overhead Cranes market estimates & forecasts, 2018 - 2030 (USD Million)
- 7.6.2. The Kingdom of Saudi Arabia (KSA)
- 7.6.2.1. The Kingdom of Saudi Arabia (KSA) Overhead Cranes market estimates & forecasts, 2018 - 2030 (USD Million)
- 7.6.3. UAE
- 7.6.3.1. UAE Overhead Cranes market estimates & forecasts, 2018 - 2030 (USD Million)
- 7.6.4. South Arica
- 7.6.4.1. South Africa Overhead Cranes market estimates & forecasts, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis by Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Market Positioning
- 8.4. Company Market Share Analysis
- 8.5. Company Heat Map Analysis
- 8.6. Strategy Mapping
- 8.6.1. Expansion
- 8.6.2. Mergers & Acquisition
- 8.6.3. Partnerships & Collaborations
- 8.6.4. New Product Launches
- 8.6.5. Research And Development
- 8.7. Company Profiles
- 8.7.1. Konecranes
- 8.7.1.1. Participant's Overview
- 8.7.1.2. Financial Performance
- 8.7.1.3. Product Benchmarking
- 8.7.1.4. Recent Developments
- 8.7.2. Indef Manufacturing Limited
- 8.7.2.1. Participant's Overview
- 8.7.2.2. Financial Performance
- 8.7.2.3. Product Benchmarking
- 8.7.2.4. Recent Developments
- 8.7.3. American Crane & Equipment Corporation
- 8.7.3.1. Participant's Overview
- 8.7.3.2. Financial Performance
- 8.7.3.3. Product Benchmarking
- 8.7.3.4. Recent Developments
- 8.7.4. Dongqi Crane
- 8.7.4.1. Participant's Overview
- 8.7.4.2. Financial Performance
- 8.7.4.3. Product Benchmarking
- 8.7.4.4. Recent Developments
- 8.7.5. Aicrane
- 8.7.5.1. Participant's Overview
- 8.7.5.2. Financial Performance
- 8.7.5.3. Product Benchmarking
- 8.7.5.4. Recent Developments
- 8.7.6. WeiHuaCrane
- 8.7.6.1. Participant's Overview
- 8.7.6.2. Financial Performance
- 8.7.6.3. Product Benchmarking
- 8.7.6.4. Recent Developments
- 8.7.7. Munck Cranes Inc.
- 8.7.7.1. Participant's Overview
- 8.7.7.2. Financial Performance
- 8.7.7.3. Product Benchmarking
- 8.7.7.4. Recent Developments
- 8.7.8. Columbus McKinnon Corporation
- 8.7.8.1. Participant's Overview
- 8.7.8.2. Financial Performance
- 8.7.8.3. Product Benchmarking
- 8.7.8.4. Recent Developments
- 8.7.9. Tri-State Overhead Crane
- 8.7.9.1. Participant's Overview
- 8.7.9.2. Financial Performance
- 8.7.9.3. Product Benchmarking
- 8.7.9.4. Recent Developments
- 8.7.10. Hoosier Crane Service Company
- 8.7.10.1. Participant's Overview
- 8.7.10.2. Financial Performance
- 8.7.10.3. Product Benchmarking
- 8.7.10.4. Recent Developments