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 (Semi-Automated and Fully Automated), and Industry (Manufacturing, Shipbuilding, Metals and Steel, and Others)
Publication Month: Aug 2021 |
Report Code: TIPRE00023239
| No. of Pages: 162
| Category: Manufacturing and Construction
| Status: Published
The automated overhead cranes market is expected to grow from US$ 1,854.10 million in 2021 to US$ 2,928.59 million by 2028; it is estimated to grow at a CAGR of 6.7% from 2021 to 2028.
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. 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. Furthermore, the manufacturers of overhead cranes are focusing on designing technically advanced lifting equipment for developing smarter factories in high-end manufacturing industries.
Impact of COVID-19 Pandemic on Automated Overhead Cranes 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 market.
Lucrative Regions for Automated Overhead Crane Providers
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Automated Overhead Cranes Market
Growing Automation in Manufacturing Sector
With rising advancements in technology, almost every operation works in tandem in an end-to-end industrial and manufacturing environment. There are new forms of discrete and process manufacturing—sensors, connected objects, and smart machines—that are evolving and changing the ecosystem of how exchange and collaboration between people, machines, data, and technologies were done earlier. Today’s digital plant of smart manufacturing heavily relies on collecting, sorting, and analyzing the data and information, and turning them into business values. The automation of cranes helps end users gain sustainable competitive advantage by enabling them with the ability to alter or change the material handling process with respect to market change on a real-time basis, thereby driving the automated overhead cranes market growth.
Type-Based Market Insights
Based on type, the automated overhead cranes market is segmented into bridge cranes, gantry cranes, monorail cranes, jib cranes, and others. These cranes are customized by the manufacturers on the basis of customer requirements to perform specific jobs across different industries. These cranes can be wall mounted or structure mounted to lift and shift heavy items from one place to other.
Automated Overhead Cranes Market, by Type – 2020 and 2028
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
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The players operating in the automated overhead cranes market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their position in the market. A few developments by key players are listed below:
In 2021, Kalmar, a subsidiary of Cargotec, entered into an agreement with Companhia Siderúrgica Nacional (CSN) for supplying nine Kalmar Rubber-Tyred Gantry Cranes (RTGs) to Sepetiba Tecon terminal in Rio de Janeiro, Brazil.
In 2021, Solid Stone is a company which specializes in stone manufacturing. They carry a large selection of stone in their manufacturing premises which include quartz, marble, porcelain, and granite. Two monorail cranes systems manufactured by Dongqi Cranes are combined to make one long crane system with two bridges that work well in a layout of new premises.
The global automated overhead cranes market is segmented as follows:
Automated Overhead Cranes Market – by Type
Automated Overhead Cranes Market – by Level of Automation
Automated Overhead Cranes Market – by Industry
Metals and Steel
Automated Overhead Cranes Market – by Geography
Rest of Europe
Asia Pacific (APAC)
Rest of APAC
Middle East & Africa (MEA)
Rest of MEA
South & Central America (SAM)
Rest of SAM
Henan Clescrane Systems Co. Ltd.
Kundle Industries Inc.
Sumitomo Heavy Industries Material Handling Systems Co. Ltd.
With the rising advancements in technology, almost every operation in the end-to-end industrial and manufacturing environment is becoming connected, intelligent, and smart. There are new forms of discrete and process manufacturingâ€”sensors, connected objects and smart machinesâ€”that are evolving and changing the ecosystem of how exchange and collaboration between people, machines, data, and technologies were done earlier. Todayâ€™s digital plant of smart manufacturing heavily relies on collecting, sorting, and analyzing the data and information, and turning them into business values. The automation of cranes helps end users to gain sustainable competitive advantage, by enabling them with the ability to alter or change the material handling process with respect to market change on a real-time basis.
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 the country. The e-commerce and 3PL market players are the biggest adopters of organized warehousing spaces. For instance, the constant growth in the Indian e-commerce industry is boosting the development in the number of warehouses and distribution centers across the country.
A bridge automated crane consists of two overhead runways attached with the support structure present in the crane. A bridge comprises a single or double girder configuration that moves the crane up and down the runways, and the hoist and the trolley run side-to-side along the bridge. Bridge automated overhead cranes enhance the workflow in the facility, reduce the chances of product damage, efficiently handle and control the load while moving, and improve the health and safety issues in the facility. With the implementation of automated overhead cranes, the facilities are going green with zero emissions and longer life with lower operating costs, less lifting accidents. Moreover, these cranes can be custom engineered to meet the specific application and work area.
The automated overhead cranes play a vital role in enhancing the safety and operating efficiency of several industries. These automated overhead cranes are customized for any spaceâ€”which includes challenging environments where space is limitedâ€”and they greatly boost the manufacturing abilities. The automated overhead console is used across manufacturing units of several industries, including automotive, aerospace, concrete manufacturing, and power plants. Advancements in manufacturing processes assist in generating high requirement for sophisticated machinery. In manufacturing industries, the lifting of material from one place to other precisely without any damage demands the integration of automated overhead cranes.
Asia Pacific is the largest producer of advanced machinery worldwide. While China and India provide lower-tech equipment for the global market, South Korea and Japan are among the key players in high-end special-purpose machinery. The countries in the region are witnessing a rise in the population and urbanization of the middle class, which offers ample opportunities for key players in the automated overhead cranes market. APAC is the world's largest continent, and it is known for its technological innovations. Rapid technological advances and policy support, as well as economic digitization and the middle-income class community's growing disposable income, are among the factors that help the economy grow from developing to developed phase.
The manufacturers of overhead cranes are focusing on designing a smarter lifting equipment by following the trends to develop smarter factories in high-end manufacturing industries. The implementation of automation, smart technology, digital communications, smart factories, the Internet of Things, networks, and cloud-based storage are some of the features offered with the adoption of Industry 4.0 as a part of the fourth industrial revolution. The integration of industry 4.0 with the overhead cranes upgrades the automation within the factory and allows intelligent connectivity of smart devices such as machine to product communication, and machine to machine communication.
The List of Companies - Automated Overhead Cranes Market
Henan Clescrane System Co., Ltd.
Kundel Industries Inc.
Sumitomo Heavy Industries Material Handling Systems Co., Ltd.
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.
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