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Asia-Pacific Automated Overhead Crane Market

2021

Manufacturing and Construction Asia-Pacific Automated Overhead Cra...

Asia-Pacific Automated Overhead Crane Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Bridge Crane, Gantry Crane, Monorail Crane, Jib Crane, and Others), Level of Automation (Semi-Automated and Fully Automated), and Industry (Manufacturing, Shipbuilding, Metals and Steel, and Others)

Publication Month: Oct 2021 | Report Code: TIPRE00025248 | No. of Pages: 100 | Category: Manufacturing and Construction | Status: Published

Market Insights

Asia-Pacific Automated Overhead Crane Market Market to Grow at a CAGR of 8.0% to reach US$ 1,031.03 million from 2021 to 2028

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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.

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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

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. APAC Automated Overhead Crane Market Landscape

4.1 Market Overview

4.2 APAC PEST Analysis

4.3 Ecosystem Analysis

5. APAC Automated Overhead Crane Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Surging Automation in the Manufacturing Sector

5.1.2 Escalating Development of Automated Shipbuilding Cranes

5.2 Market Restraints

5.2.1 Overpriced Installation and Maintenance

5.3 Market Opportunities

5.3.1 Increasing Number of Distribution and Warehousing Centers

5.4 Future Trends

5.4.1 Burgeoning Adoption of Industry 4.0 for Smarter Lifting Equipment

5.5 Impact Analysis of Drivers and Restraints

6. Automated Overhead Crane Market– APAC Analysis

6.1 APAC Automated Overhead Crane Market Overview

6.2 APAC Automated Overhead Crane Market Revenue Forecast and Analysis

7. APAC Automated Overhead Crane Market Revenue and Forecast to 2028 – By Type

7.1 Overview

7.2 APAC Automated Overhead Crane Market, by Type (2020 & 2028)

7.3 Bridge Cranes

7.3.1 Overview

7.3.2 Bridge Cranes: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

7.4 Gantry Cranes

7.4.1 Overview

7.4.2 Gantry Cranes: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

7.5 Monorail Cranes

7.5.1 Overview

7.5.2 Monorail Cranes: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

7.6 Jib Cranes

7.6.1 Overview

7.6.2 Jib Cranes: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

7.7 Others

7.7.1 Overview

7.7.2 Others: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

8. APAC Automated Overhead Crane Market Analysis and Forecast to 2028 – By Level of Automation

8.1 Overview

8.2 APAC Automated Overhead Crane Market, by Level of Automation (2020 & 2028)

8.3 Semi-Automated

8.3.1 Overview

8.3.2 Semi-Automated: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

8.4 Fully Automated

8.4.1 Overview

8.4.2 Fully Automated: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

9. APAC Automated Overhead Crane Market Analysis and Forecast to 2028 – By Industry

9.1 Overview

9.2 APAC Automated Overhead Crane Market, by Industry (2020 & 2028)

9.3 Manufacturing

9.3.1 Overview

9.3.2 Manufacturing: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

9.4 Shipbuilding

9.4.1 Overview

9.4.2 Shipbuilding: Automated Overhead Crane 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 Crane Market Revenue and Forecast to 2028 (US$ Million)

9.6 Others

9.6.1 Overview

9.6.2 Others: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

10. APAC Automated Overhead Crane Market – Country Analysis

10.1 Overview

10.1.1 APAC: Automated Overhead Crane Market, by Key Country

10.1.1.1 Australia: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1 Australia: Automated Overhead Crane Market, by Type

10.1.1.1.2 Australia: Automated Overhead Crane Market, by Level of Automation

10.1.1.1.3 Australia: Automated Overhead Crane Market, by Industry

10.1.1.2 China: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1 China: Automated Overhead Crane Market, by Type

10.1.1.2.2 China: Automated Overhead Crane Market, by Level of Automation

10.1.1.2.3 China: Automated Overhead Crane Market, by Industry

10.1.1.3 India: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1 India: Automated Overhead Crane Market, by Type

10.1.1.3.2 India: Automated Overhead Crane Market, by Level of Automation

10.1.1.3.3 India: Automated Overhead Crane Market, by Industry

10.1.1.4 Japan: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.4.1 Japan: Automated Overhead Crane Market, by Type

10.1.1.4.2 Japan: Automated Overhead Crane Market, by Level of Automation

10.1.1.4.3 Japan: Automated Overhead Crane Market, by Industry

10.1.1.5 South Korea: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.5.1 South Korea: Automated Overhead Crane Market, by Type

10.1.1.5.2 South Korea: Automated Overhead Crane Market, by Level of Automation

10.1.1.5.3 South Korea: Automated Overhead Crane Market, by Industry

10.1.1.6 Rest of APAC: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.6.1 Rest of APAC: Automated Overhead Crane Market, by Type

10.1.1.6.2 Rest of APAC: Automated Overhead Crane Market, by Level of Automation

10.1.1.6.3 Rest of APAC: Automated Overhead Crane Market, by Industry

11. APAC Automated Overhead Crane Market - COVID-19 Impact Analysis

11.1 APAC: Impact Assessment of COVID-19 Pandemic

12. Industry Landscape

12.1 Overview

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 Henan Clescrane System Co., Ltd.

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 Weihua Group

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 Sumitomo Heavy Industries Material Handling Systems Co., Ltd.

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

14. Appendix

14.1 About The Insight Partners

14.2 Word Index

LIST OF TABLES

Table 1. APAC Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

Table 2. APAC: Automated Overhead Crane Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 3. Australia: Automated Overhead Crane Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 4. Australia: Automated Overhead Crane Market, by Level of Automation – Revenue and Forecast to 2028 (US$ Million)

Table 5. Australia: Automated Overhead Crane Market, by Industry – Revenue and Forecast to 2028 (US$ Million)

Table 6. China: Automated Overhead Crane Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 7. China: Automated Overhead Crane Market, by Level of Automation – Revenue and Forecast to 2028 (US$ Million)

Table 8. China: Automated Overhead Crane Market, by Industry – Revenue and Forecast to 2028 (US$ Million)

Table 9. India: Automated Overhead Crane Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 10. India: Automated Overhead Crane Market, by Level of Automation – Revenue and Forecast to 2028 (US$ Million)

Table 11. India: Automated Overhead Crane Market, by Industry – Revenue and Forecast to 2028 (US$ Million)

Table 12. Japan: Automated Overhead Crane Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 13. Japan: Automated Overhead Crane Market, by Level of Automation – Revenue and Forecast to 2028 (US$ Million)

Table 14. Japan: Automated Overhead Crane Market, by Industry – Revenue and Forecast to 2028 (US$ Million)

Table 15. South Korea: Automated Overhead Crane Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 16. South Korea: Automated Overhead Crane Market, by Level of Automation – Revenue and Forecast to 2028 (US$ Million)

Table 17. South Korea: Automated Overhead Crane Market, by Industry – Revenue and Forecast to 2028 (US$ Million)

Table 18. Rest of APAC: Automated Overhead Crane Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 19. Rest of APAC: Automated Overhead Crane Market, by Level of Automation – Revenue and Forecast to 2028 (US$ Million)

Table 20. Rest of APAC: Automated Overhead Crane Market, by Industry – Revenue and Forecast to 2028 (US$ Million)

Table 21. List of Abbreviation

LIST OF FIGURES

Figure 1. APAC Automated Overhead Crane Market Segmentation

Figure 2. APAC Automated Overhead Crane Market Segmentation – By Country

Figure 3. APAC Automated Overhead Crane Market Overview

Figure 4. APAC Automated Overhead Crane Market, by Type

Figure 5. APAC Automated Overhead Crane Market, by Industry

Figure 6. APAC Automated Overhead Crane Market, By Country

Figure 7. APAC – PEST Analysis

Figure 8. APAC Automated Overhead Crane Market: Ecosystem Analysis

Figure 9. APAC Automated Overhead Crane Market: Impact Analysis of Drivers and Restraints

Figure 10. APAC Automated Overhead Crane Market Revenue Forecast and Analysis (US$ Million)

Figure 11. APAC Automated Overhead Crane Market, by Type (2020 & 2028)

Figure 12. APAC Bridge Cranes: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

Figure 13. APAC Gantry Cranes: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

Figure 14. APAC Monorail Cranes: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

Figure 15. APAC Jib Cranes: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

Figure 16. APAC Others: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

Figure 17. APAC Automated Overhead Crane Market, by Level of Automation (2020 & 2028)

Figure 18. APAC Semi-Automated: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

Figure 19. APAC Fully Automated: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

Figure 20. APAC Automated Overhead Crane Market, by Industry (2020 & 2028)

Figure 21. APAC Manufacturing: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

Figure 22. APAC Shipbuilding: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

Figure 23. APAC Metals and Steel: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

Figure 24. APAC Others: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

Figure 25. APAC: Automated Overhead Crane Market, by Key Country – Revenue (2020) (USD Million)

Figure 26. APAC: Automated Overhead Crane Market Revenue Share, by Key Country (2020 & 2028)

Figure 27. Australia: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28. China: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29. India: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30. Japan: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31. South Korea: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32. Rest of APAC: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33. Impact of COVID-19 Pandemic in APAC Country Markets

  1. DONGQI GROUP
  2. EMH, Inc
  3. Henan Clescrane System Co., Ltd.
  4. Konecranes Oyj
  5. Sumitomo Heavy Industries Material Handling Systems Co., Ltd.
  6. Weihua Group
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the APAC automated overhead crane 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 APAC automated overhead crane 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 APAC market trends and outlook coupled with the factors driving the automated overhead crane 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  
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