Automated Overhead Cranes Market

Description

The market for Automated Overhead Cranes is anticipated to grow from US$ 2.15 billion in 2024 to US$ 3.5 billion by 2031, reflecting a compound annual growth rate (CAGR) of 8.05% during the period from 2031 to 2031. The rise in Industry 4.0 adoption is driving the demand for these cranes, which are increasingly integrated with smart technologies that provide valuable data to enhance operational efficiency in line with Industry 4.0 principles. This trend of embracing Industry 4.0 is expected to be a significant factor in the market's evolution.

Analysis of the Automated Overhead Cranes Market

Key participants in the automated overhead crane market include suppliers of crane components, manufacturers of cranes, and end users. A wide array of component suppliers, such as those providing trolley frames, wire/rope, bridge wheels, hoists, and runway rails, enables crane manufacturers to fulfill customer demands effectively. These component suppliers are expanding their production capabilities to cater to the increasing needs of crane manufacturers. By collaborating closely with component suppliers and end users, manufacturers can better understand user requirements and innovate advanced components. They also maintain a network of distributors across various regions to offer service support to end users.

Overview of the Automated Overhead Cranes Market

Industry stakeholders are often hesitant to invest in sophisticated automated solutions due to the high initial capital expenditure (CAPEX) and ongoing costs related to upgrades and maintenance, which can strain budgets. Industries adopting automated overhead cranes require knowledgeable solution providers who can guide them through the complexities of implementation, including costs associated with manufacturing, maintenance, service fees, training, and consulting. Given the critical nature of these factors, even minor deficiencies can lead to substantial financial repercussions. Additionally, small and medium enterprises across various sectors tend to limit market growth due to budget constraints for industrial machinery. Furthermore, price-sensitive markets in certain Asian and African countries may hinder the adoption of automated overhead cranes due to financial limitations and a lack of awareness among industrial personnel, thus affecting global market growth.

Strategic Insights

Drivers and Opportunities in the Automated Overhead Cranes Market

Shipbuilding Industry Growth Benefiting the Market

The shipbuilding sector is expanding due to a rise in seaborne transportation. According to data from the National Oceanic and Atmospheric Administration in 2023, the ship and boat building industry has experienced a 15% growth rate since 2020. Moreover, China's ship and boat building sector delivered 38 million deadweight tons of vessels, marking a 12% increase from 2022. This growth in ship and boat construction is driving the demand for automated overhead cranes, thereby propelling market expansion.

Rising Warehouses and Distribution Centers

E-retailers are increasingly focused on establishing warehouses in tier II and tier III cities, leading to a heightened demand for automated overhead cranes for heavy lifting and material handling in these facilities. Warehouse cranes typically include single-girder overhead cranes, double-girder overhead cranes, and electric hoist gantry cranes. Most warehouses and distribution centers utilize automated overhead cranes with lifting capacities ranging from 1 ton to 100 tons.

Segmentation Analysis of the Automated Overhead Cranes Market

Key segments contributing to the analysis of the Automated Overhead Cranes market include type, level of automation, and industry.

The market is categorized by type into bridge cranes, gantry cranes, monorail cranes, jib cranes, and others, with bridge cranes holding the largest market share in 2024.
By automation level, the market is divided into semi-automated and fully automated segments, with semi-automated cranes dominating the market share in 2024.
In terms of industry, the market is segmented into manufacturing, shipbuilding, metals and steel, and others, with the manufacturing sector holding a significant market share in 2024.

Geographical Market Share Analysis for Automated Overhead Cranes

The geographical analysis of the Automated Overhead Cranes market is divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

The Asia Pacific region leads the global automated overhead cranes market, followed by Europe. China has emerged as a major manufacturing hub, providing low-cost equipment. Additionally, the shipbuilding industry has seen robust growth in recent years, creating lucrative opportunities for the market.

Scope of the Automated Overhead Cranes Market Report

Recent Developments in the Automated Overhead Cranes Market

The evaluation of the Automated Overhead Cranes market is based on qualitative and quantitative data collected through primary and secondary research, including significant corporate publications, association data, and databases. Notable developments in the Automated Overhead Cranes market include:

EMH has introduced semi-legged gantry cranes designed for transferring materials between workstations. (Source: EMH, Newsletter, September 2023)

Coverage and Deliverables of the Automated Overhead Cranes Market Report

The report titled "Automated Overhead Cranes Market Size and Forecast (2021-2031)" offers a comprehensive analysis of the market, covering the following areas:

Market size and forecast for Automated Overhead Cranes at global, regional, and country levels across all key segments.
Market trends and dynamics, including drivers, restraints, and key opportunities.
In-depth Porter's Five Forces and SWOT analysis.
Market analysis detailing key trends, global and regional frameworks, major players, regulations, and recent developments.
Industry landscape and competitive analysis, including market concentration, heat map analysis, prominent players, and recent developments in the Automated Overhead Cranes market.
Comprehensive company profiles.

Product Code: TIPRE00023239

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Automated Overhead Cranes Market Landscape

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

5. Automated Overhead Cranes Market and 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 and 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 and Five Key Players

7. Automated Overhead Cranes Market Revenue and Forecasts to 2031 and By Type

7.1 Overview
7.2 Automated Overhead Cranes Market, by Type (2020 and 2031)
7.3 Bridge Cranes
- 7.3.1 Overview
- 7.3.2 Bridge Cranes: Automated Overhead Cranes Market Revenue and Forecasts to 2031 (US$ Million)
7.4 Gantry Cranes
- 7.4.1 Overview
- 7.4.2 Gantry Cranes: Automated Overhead Cranes Market Revenue and Forecasts to 2031 (US$ Million)
7.5 Monorail Cranes
- 7.5.1 Overview
- 7.5.2 Monorail Cranes: Automated Overhead Cranes Market Revenue and Forecasts to 2031 (US$ Million)
7.6 Jib Cranes
- 7.6.1 Overview
- 7.6.2 Jib Cranes: Automated Overhead Cranes Market Revenue and Forecasts to 2031 (US$ Million)
7.7 Others
- 7.7.1 Overview
- 7.7.2 Others: Automated Overhead Cranes Market Revenue and Forecasts to 2031 (US$ Million)

8. Automated Overhead Cranes Market Analysis and Forecasts to 2031 and By Level of Automation

8.1 Overview
8.2 Automated Overhead Cranes Market, by Level of Automation (2020 and 2031)
8.3 Semi-Automated
- 8.3.1 Overview
- 8.3.2 Semi-Automated: Automated Overhead Cranes Market Revenue and Forecasts to 2031 (US$ Million)
8.4 Fully Automated
- 8.4.1 Overview
- 8.4.2 Fully Automated: Automated Overhead Cranes Market Revenue and Forecasts to 2031 (US$ Million)

9. Automated Overhead Cranes Market Analysis and Forecasts to 2031 and By Industry

9.1 Overview
9.2 Automated Overhead Cranes Market, by Industry (2020 and 2031)
9.3 Manufacturing
- 9.3.1 Overview
- 9.3.2 Manufacturing: Automated Overhead Cranes Market Revenue and Forecasts to 2031 (US$ Million)
9.4 Shipbuilding
- 9.4.1 Overview
- 9.4.2 Shipbuilding: Automated Overhead Cranes Market Revenue and Forecasts to 2031 (US$ Million)
9.5 Metals and Steel
- 9.5.1 Overview
- 9.5.2 Metals and Steel: Automated Overhead Cranes Market Revenue and Forecasts to 2031 (US$ Million)
9.6 Others
- 9.6.1 Overview
- 9.6.2 Others: Automated Overhead Cranes Market Revenue and Forecasts to 2031 (US$ Million)

10. Automated Overhead Cranes Market and Geographic Analysis

10.1 Overview
10.2 North America: Automated Overhead Cranes Market
- 10.2.1 North America: Automated Overhead Cranes Market and Revenue and Forecasts to 2031 (US$ Million)
- 10.2.2 North America: Automated Overhead Cranes Market, by Type
- 10.2.3 North America: Automated Overhead Cranes Market, by Level of Automation
- 10.2.4 North America: Automated Overhead Cranes Market, by Industry
- 10.2.5 North America: Automated Overhead Cranes Market, by Key Country
  - 10.2.5.1 US: Automated Overhead Cranes Market and Revenue and Forecasts to 2031 (US$ Million)
    - 10.2.5.1.1 US: Automated Overhead Cranes Market, by Type
    - 10.2.5.1.2 US: Automated Overhead Cranes Market, by Level of Automation
    - 10.2.5.1.3 US: Automated Overhead Cranes Market, by Industry
  - 10.2.5.2 Canada: Automated Overhead Cranes Market and Revenue and Forecasts to 2031 (US$ Million)
    - 10.2.5.2.1 Canada: Automated Overhead Cranes Market, by Type
    - 10.2.5.2.2 Canada: Automated Overhead Cranes Market, by Level of Automation
    - 10.2.5.2.3 Canada: Automated Overhead Cranes Market, by Industry
  - 10.2.5.3 Mexico: Automated Overhead Cranes Market and Revenue and Forecasts to 2031 (US$ Million)
    - 10.2.5.3.1 Mexico: Automated Overhead Cranes Market, by Type
    - 10.2.5.3.2 Mexico: Automated Overhead Cranes Market, by Level of Automation
    - 10.2.5.3.3 Mexico: Automated Overhead Cranes Market, by Industry
10.3 Europe: Automated Overhead Cranes Market
- 10.3.1 Europe: Automated Overhead Cranes Market and Revenue and Forecasts to 2031 (US$ Million)
- 10.3.2 Europe: Automated Overhead Cranes Market, by Type
- 10.3.3 Europe: Automated Overhead Cranes Market, by Level of Automation
- 10.3.4 Europe: Automated Overhead Cranes Market, by Industry
- 10.3.5 Europe: Automated Overhead Cranes Market, by Key Country
  - 10.3.5.1 France: Automated Overhead Cranes Market and Revenue and Forecasts to 2031 (US$ Million)
    - 10.3.5.1.1 France: Automated Overhead Cranes Market, by Type
    - 10.3.5.1.2 France: Automated Overhead Cranes Market, by Level of Automation
    - 10.3.5.1.3 France: Automated Overhead Cranes Market, by Industry
  - 10.3.5.2 Germany: Automated Overhead Cranes Market and Revenue and Forecasts to 2031 (US$ Million)
    - 10.3.5.2.1 Germany: Automated Overhead Cranes Market, by Type
    - 10.3.5.2.2 Germany: Automated Overhead Cranes Market, by Level of Automation
    - 10.3.5.2.3 Germany: Automated Overhead Cranes Market, by Industry
  - 10.3.5.3 Italy: Automated Overhead Cranes Market and Revenue and Forecasts to 2031 (US$ Million)
    - 10.3.5.3.1 Italy: Automated Overhead Cranes Market, by Type
    - 10.3.5.3.2 Italy: Automated Overhead Cranes Market, by Level of Automation
    - 10.3.5.3.3 Italy: Automated Overhead Cranes Market, by Industry
  - 10.3.5.4 UK: Automated Overhead Cranes Market and Revenue and Forecasts to 2031 (US$ Million)
    - 10.3.5.4.1 UK: Automated Overhead Cranes Market, by Type
    - 10.3.5.4.2 UK: Automated Overhead Cranes Market, by Level of Automation
    - 10.3.5.4.3 UK: Automated Overhead Cranes Market, by Industry
  - 10.3.5.5 Russia: Automated Overhead Cranes Market and Revenue and Forecasts to 2031 (US$ Million)
    - 10.3.5.5.1 Russia: Automated Overhead Cranes Market, by Type
    - 10.3.5.5.2 Russia: Automated Overhead Cranes Market, by Level of Automation
    - 10.3.5.5.3 Russia: Automated Overhead Cranes Market, by Industry
  - 10.3.5.6 Rest of Europe: Automated Overhead Cranes Market and Revenue and Forecasts to 2031 (US$ Million)
    - 10.3.5.6.1 Rest of Europe: Automated Overhead Cranes Market, by Type
    - 10.3.5.6.2 Rest of Europe: Automated Overhead Cranes Market, by Level of Automation
    - 10.3.5.6.3 Rest of Europe: Automated Overhead Cranes Market, by Industry
10.4 APAC: Automated Overhead Cranes Market
- 10.4.1 APAC: Automated Overhead Cranes Market and Revenue and Forecasts to 2031 (US$ Million)
- 10.4.2 APAC: Automated Overhead Cranes Market, by Type
- 10.4.3 APAC: Automated Overhead Cranes Market, by Level of Automation
- 10.4.4 APAC: Automated Overhead Cranes Market, by Industry
- 10.4.5 APAC: Automated Overhead Cranes Market, by Key Country
  - 10.4.5.1 Australia: Automated Overhead Cranes Market and Revenue and Forecasts to 2031 (US$ Million)
    - 10.4.5.1.1 Australia: Automated Overhead Cranes Market, by Type
    - 10.4.5.1.2 Australia: Automated Overhead Cranes Market, by Level of Automation
    - 10.4.5.1.3 Australia: Automated Overhead Cranes Market, by Industry
  - 10.4.5.2 China: Automated Overhead Cranes Market and Revenue and Forecasts to 2031 (US$ Million)
    - 10.4.5.2.1 China: Automated Overhead Cranes Market, by Type
    - 10.4.5.2.2 China: Automated Overhead Cranes Market, by Level of Automation
    - 10.4.5.2.3 China: Automated Overhead Cranes Market, by Industry
  - 10.4.5.3 India: Automated Overhead Cranes Market and Revenue and Forecasts to 2031 (US$ Million)
    - 10.4.5.3.1 India: Automated Overhead Cranes Market, by Type
    - 10.4.5.3.2 India: Automated Overhead Cranes Market, by Level of Automation
    - 10.4.5.3.3 India: Automated Overhead Cranes Market, by Industry
  - 10.4.5.4 Japan: Automated Overhead Cranes Market and Revenue and Forecasts to 2031 (US$ Million)
    - 10.4.5.4.1 Japan: Automated Overhead Cranes Market, by Type
    - 10.4.5.4.2 Japan: Automated Overhead Cranes Market, by Level of Automation
    - 10.4.5.4.3 Japan: Automated Overhead Cranes Market, by Industry
  - 10.4.5.5 South Korea: Automated Overhead Cranes Market and Revenue and Forecasts to 2031 (US$ Million)
    - 10.4.5.5.1 South Korea: Automated Overhead Cranes Market, by Type
    - 10.4.5.5.2 South Korea: Automated Overhead Cranes Market, by Level of Automation
    - 10.4.5.5.3 South Korea: Automated Overhead Cranes Market, by Industry
  - 10.4.5.6 Rest of APAC: Automated Overhead Cranes Market and Revenue and Forecasts to 2031 (US$ Million)
    - 10.4.5.6.1 Rest of APAC: Automated Overhead Cranes Market, by Type
    - 10.4.5.6.2 Rest of APAC: Automated Overhead Cranes Market, by Level of Automation
    - 10.4.5.6.3 Rest of APAC: Automated Overhead Cranes Market, by Industry
10.5 MEA: Automated Overhead Cranes Market
- 10.5.1 MEA: Automated Overhead Cranes Market and Revenue and Forecasts to 2031 (US$ Million)
- 10.5.2 MEA: Automated Overhead Cranes Market, by Type
- 10.5.3 MEA: Automated Overhead Cranes Market, by Level of Automation
- 10.5.4 MEA: Automated Overhead Cranes Market, by Industry
- 10.5.5 MEA: Automated Overhead Cranes Market, by Key Country
  - 10.5.5.1 Saudi Arabia: Automated Overhead Cranes Market and Revenue and Forecasts to 2031 (US$ Million)
    - 10.5.5.1.1 Saudi Arabia: Automated Overhead Cranes Market, by Type
    - 10.5.5.1.2 Saudi Arabia: Automated Overhead Cranes Market, by Level of Automation
    - 10.5.5.1.3 Saudi Arabia: Automated Overhead Cranes Market, by Industry
  - 10.5.5.2 UAE: Automated Overhead Cranes Market and Revenue and Forecasts to 2031 (US$ Million)
    - 10.5.5.2.1 UAE: Automated Overhead Cranes Market, by Type
    - 10.5.5.2.2 UAE: Automated Overhead Cranes Market, by Level of Automation
    - 10.5.5.2.3 UAE: Automated Overhead Cranes Market, by Industry
  - 10.5.5.3 South Africa: Automated Overhead Cranes Market and Revenue and Forecasts to 2031 (US$ Million)
    - 10.5.5.3.1 South Africa: Automated Overhead Cranes Market, by Type
    - 10.5.5.3.2 South Africa: Automated Overhead Cranes Market, by Level of Automation
    - 10.5.5.3.3 South Africa: Automated Overhead Cranes Market, by Industry
  - 10.5.5.4 Rest of MEA: Automated Overhead Cranes Market and Revenue and Forecasts to 2031 (US$ Million)
    - 10.5.5.4.1 Rest of MEA: Automated Overhead Cranes Market, by Type
    - 10.5.5.4.2 Rest of MEA: Automated Overhead Cranes Market, by Level of Automation
    - 10.5.5.4.3 Rest of MEA: Automated Overhead Cranes Market, by Industry
10.6 SAM: Automated Overhead Cranes Market
- 10.6.1 SAM: Automated Overhead Cranes Market and Revenue and Forecasts to 2031 (US$ Million)
- 10.6.2 SAM: Automated Overhead Cranes Market, by Type
- 10.6.3 SAM: Automated Overhead Cranes Market, by Level of Automation
- 10.6.4 SAM: Automated Overhead Cranes Market, by Industry
- 10.6.5 SAM: Automated Overhead Cranes Market, by Key Country
  - 10.6.5.1 Brazil: Automated Overhead Cranes Market and Revenue and Forecasts to 2031 (US$ Million)
    - 10.6.5.1.1 Brazil: Automated Overhead Cranes Market, by Type
    - 10.6.5.1.2 Brazil: Automated Overhead Cranes Market, by Level of Automation
    - 10.6.5.1.3 Brazil: Automated Overhead Cranes Market, by Industry
  - 10.6.5.2 Rest of SAM: Automated Overhead Cranes Market and Revenue and Forecasts to 2031 (US$ Million)
    - 10.6.5.2.1 Rest of SAM: Automated Overhead Cranes Market, by Type
    - 10.6.5.2.2 Rest of SAM: Automated Overhead Cranes Market, by Level of Automation
    - 10.6.5.2.3 Rest of SAM: Automated Overhead Cranes Market, by Industry

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

14.1 About The Insight Partners
14.2 Word Index