Asia-Pacific Automated Overhead Crane Market Analysis, Size, and Share by 2028

The APAC automated overhead crane market is expected to grow from US$ 602.23 million in 2021 to US$ 1,031.03 million by 2028; it is estimated to grow at a CAGR of 8.0% from 2021 to 2028.

China, Japan, India, Australia, and South Korea are major economies in APAC. Increasing number of distribution and warehousing centers is expected to surge the market growth. 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 across the region. 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 the countries across the region. The e-commerce and 3PL market players are the biggest adopters of organized warehousing spaces. For instance, the constant growth in the e-commerce industry is boosting the development in the number of warehouses and distribution centers across the region. The e-retailers are now more strongly looking forward in opening warehouses in tier I and tier II cities. Thus, the demand for automated overhead cranes across warehouse and distribution centers for lifting heavy equipment and material handling will increase. The warehouse crane usually consists of single girder overhead crane, double girder overhead crane, and electric hoist gantry crane for lifting purpose. Majority of the warehouses and distribution centers use automated overhead cranes with the lifting capacity of 1 ton, 3-ton, 5 ton, and 10 ton up to 100 ton. Therefore, the commodities or material substances can be lifted and transferred to other places easily. Thus, growing no. of distribution centers and warehouses is expected to increase the demand of automated overhead cranes, thereby driving the APAC market growth.

In case of COVID-19, APAC is highly affected specially India. Many countries in Asia are still in developing stage and are not completely developed. This region has experienced a significant decline in various economic activities since the government imposed strict lockdowns, travel bans, and business shutdown. One of the worst effects of this pandemic is the hard economic hit that it gave to the middle class of the society. Due to mass layoffs and pay cuts, purchasing power of consumers reduced to a drastic extent in many Asian countries. Spending on non-essentials was also decreased. Owing to these factors, a few of the worst hit industries are concrete manufacturing, automotive, and metal & manufacturing. Auto assembly lines involves moving their product from one station to another station. Bridge cranes are widely utilized for this kind of movement. Auto repairs also need smaller gantry cranes for jobs such as lifting car bodies and pulling engines. Due to very less demand, the production of automated overhead cranes dropped significantly. For moving the crucibles of molten ore and loading rolls of finished sheet, overhead cranes are required to handle such weight. Thus, sales of automated overhead cranes suffered further as production in metal factories contracted. Moreover, with respect to international trade operations, Hong Kong, China, South Korea, and Japan are top Asian exporting countries that observed negative impact in their cargo shipment. Thus, with lower trade volumes coupled with disrupted supply chain of various industries, an overall negative impact is observed on the growth of the automated overhead cranes market in 2020.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC automated overhead crane market. The APAC automated overhead crane market is expected to grow at a good CAGR during the forecast period.

APAC Automated Overhead Crane Market Segmentation

APAC Automated Overhead Crane Market – By Type

• Bridge Crane
• Gantry Crane
• Monorail Crane
• Jib Crane
• Others

APAC Automated Overhead Crane Market – By Level of Automation

• Semi-Automated
• Fully Automated

APAC Automated Overhead Crane Market – By Industry

• Manufacturing
• Shipbuilding
• Metals and Steel
• Others

APAC Automated Overhead Crane Market, by Country

• Australia  
• China
• India
• Japan 
• South Korea
• Rest of APAC  

APAC Automated Overhead Crane Market -Companies Mentioned

• DONGQI GROUP
• EMH, Inc
• Henan Clescrane System Co., Ltd.
• Konecranes Oyj
• Sumitomo Heavy Industries Material Handling Systems Co., Ltd.
• Weihua Group

Asia-Pacific Automated Overhead Crane Report Scope