Insights on the Automated Overhead Cranes Global Market to 2028 - by Type, Level of Automation, Industry and Region

Dublin, Oct. 12, 2021 (GLOBE NEWSWIRE) -- The "Global Automated Overhead Cranes Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Bridge Crane, Gantry Crane, Monorail Crane, Jib Crane, and Others), Level of Automation, and Industry" report has been added to ResearchAndMarkets.com's offering.

The global Automated Overhead Cranes market is expected to grow from US$ 1,854.1 million in 2021 to US$ 2,928.5 million by 2028; it is estimated to grow at a CAGR of 6.7% during 2021-2028.

The rising demand for omnichannel distribution and supply chain strategy by the retail stores to fulfil the demand of their customers at anytime from anywhere is boosting the number of warehouses and distribution centers globally. The constant growth in e-commerce, 3PL, fast-moving consumer goods (FMCG), fast-moving consumer durable (FMCD), retail, and manufacturing industries is supporting the rising number of organized warehousing spaces in India. The e-commerce and 3PL market players are among the major adopters of organized warehousing spaces. For instance, the growing Indian e-commerce industry is propelling the number of warehouses and distribution centers across the country. The e-retailers are now looking forward to opening warehouses in tier I and tier II cities. Thus, the demand for Automated Overhead Cranes is expected to increase across warehouses and distribution centers for lifting heavy equipment and material handling. The warehouse crane usually consists of a single girder overhead crane, a double girder overhead crane, and an electric hoist gantry crane for lifting purpose. Majority of the warehouses and distribution centers use Automated Overhead Cranes with a lifting capacity of 1 ton, 3 ton, 5 ton, 10 ton, up to 100 ton.

The Automated Overhead Cranes market is segmented into type, level of automation, industry, and geography. Based on type, the Automated Overhead Cranes market is subsegmented into bridge crane, gantry crane, monorail crane, jib crane, and others. The gantry segment represented the largest share of the overall market in 2021. In terms of level of automation, the Automated Overhead Cranes market is further segmented into semi-automated and fully automated.

In 2021, the semi-automatic segment accounted for a larger share of the market. Based on industry, the Automated Overhead Cranes market is segmented into manufacturing, shipbuilding, metals and steel, and others. In 2021, the manufacturing segment dominated the Automated Overhead Cranes market. Geographically, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2021, APAC accounted for the largest share in the global market.

The COVID-19 outbreak has affected the world severely and its impact is still being felt in several countries across the globe. Until the outbreak of COVID-19, the crane industry was witnessing considerable growth in many regions; however, the pandemic led to notable decline in the adoption of Automated Overhead Cranes, including bridge cranes, gantry cranes, monorail cranes, and jib cranes. Owing to the containment measures such as business shutdown, lockdowns, and travel restrictions, the production and supply chain of Automated Overhead Cranes was adversely impacted. As many countries strictly implemented containment measures to control the surging number of COVID-19 cases, the trading activities were majorly affected, which further impacted the manufacturing of Automated Overhead Cranes from the supply side till 2020. However, over the last quarter of 2020, many trade operations have started picking pace and the market players have begun experiencing some growth in the demand for Automated Overhead Cranes.

Reasons to buy

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Automated Overhead Cranes market:

• Highlights key business priorities in order to assist companies to realign their business strategies

• The key findings and recommendations highlight crucial progressive industry trends in the global Automated Overhead Cranes market, thereby allowing players across the value chain to develop effective long-term strategies

• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it

• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Key Topics Covered:

1. Introduction

2. Key Takeaways

3. Research Methodology

4. Automated Overhead Cranes Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America - PEST Analysis
4.2.2 Europe - PEST Analysis
4.2.3 Asia-Pacific - PEST Analysis
4.2.4 Middle East and Africa - PEST Analysis
4.2.5 South America - PEST Analysis
4.3 Ecosystem Analysis

5. Automated Overhead Cranes Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Automation in Manufacturing Sector
5.1.2 Rising Development of Automated Shipbuilding Cranes
5.2 Market Restraints
5.2.1 High Upfront Costs Involved in Installation, Upgradation, and Maintenance
5.3 Market Opportunities
5.3.1 Rising Number of Distribution Centers and Warehouses
5.4 Future Trends
5.4.1 Adoption of Industry 4.0 for Smarter Lifting Equipment
5.5 Impact Analysis of Drivers and Restraints

6. Automated Overhead Cranes - Global Market Analysis
6.1 Global Automated Overhead Cranes Market Overview
6.2 Global Automated Overhead Cranes Market Revenue Forecast and Analysis
6.3 Market Positioning - Five Key Players

7. Automated Overhead Cranes Market Revenue and Forecast to 2028 - By Type
7.1 Overview
7.2 Automated Overhead Cranes Market, by Type (2020 & 2028)
7.3 Bridge Cranes
7.3.1 Overview
7.3.2 Bridge Cranes: Automated Overhead Cranes Market Revenue and Forecast to 2028 (US$ Million)
7.4 Gantry Cranes
7.4.1 Overview
7.4.2 Gantry Cranes: Automated Overhead Cranes Market Revenue and Forecast to 2028 (US$ Million)
7.5 Monorail Cranes
7.5.1 Overview
7.5.2 Monorail Cranes: Automated Overhead Cranes Market Revenue and Forecast to 2028 (US$ Million)
7.6 Jib Cranes
7.6.1 Overview
7.6.2 Jib Cranes: Automated Overhead Cranes Market Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Automated Overhead Cranes Market Revenue and Forecast to 2028 (US$ Million)

8. Automated Overhead Cranes Market Analysis and Forecast to 2028 - By Level of Automation
8.1 Overview
8.2 Automated Overhead Cranes Market, by Level of Automation (2020 & 2028)
8.3 Semi-Automated
8.3.1 Overview
8.3.2 Semi-Automated: Automated Overhead Cranes Market Revenue and Forecast to 2028 (US$ Million)
8.4 Fully Automated
8.4.1 Overview
8.4.2 Fully Automated: Automated Overhead Cranes Market Revenue and Forecast to 2028 (US$ Million)

9. Automated Overhead Cranes Market Analysis and Forecast to 2028 - By Industry
9.1 Overview
9.2 Automated Overhead Cranes Market, by Industry (2020 & 2028)
9.3 Manufacturing
9.3.1 Overview
9.3.2 Manufacturing: Automated Overhead Cranes Market Revenue and Forecast to 2028 (US$ Million)
9.4 Shipbuilding
9.4.1 Overview
9.4.2 Shipbuilding: Automated Overhead Cranes Market Revenue and Forecast to 2028 (US$ Million)
9.5 Metals and Steel
9.5.1 Overview
9.5.2 Metals and Steel: Automated Overhead Cranes Market Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Automated Overhead Cranes Market Revenue and Forecast to 2028 (US$ Million)

10. Automated Overhead Cranes Market - Geographic Analysis

11. Automated Overhead Cranes Market - COVID-19 Impact Analysis
11.1 Overview
11.1.1 North America: Impact Assessment of COVID-19 Pandemic
11.1.2 Europe: Impact Assessment of COVID-19 Pandemic
11.1.3 APAC: Impact Assessment of COVID-19 Pandemic
11.1.4 MEA: Impact Assessment of COVID-19 Pandemic
11.1.5 SAM: Impact Assessment of COVID-19 Pandemic

12. Industry Landscape
12.1 Market Initiative
12.2 Merger and Acquisition
12.3 New Development

13. Company Profiles
13.1 DONGQI GROUP
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Konecranes Oyj
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 EMH, Inc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 EntsorgaFin S.p.A.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Henan Clescrane System Co., Ltd.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Hoist UK
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Kundel Industries Inc.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Weihua Group
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Sumitomo Heavy Industries Material Handling Systems Co., Ltd.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Acculift
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments

14. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/rqhajo

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900