Europe Automated Overhead Crane Market Growth and Forecast by 2028

The Europe automated overhead crane market is expected to grow from US$ 515.08 million in 2021 to US$ 827.71 million by 2028; it is estimated to grow at a CAGR of 7.0% from 2021 to 2028.

The UK, Germany, France, Italy, and Russia are major economies in Europe. Increasing development of automated shipbuilding cranes is expected to escalate the market growth. The use of cranes in shipbuilding industry has been witnessing a significant surge over the past years, owing to rise in sea-borne trade and various other naval activities. Several automated gantry crane manufacturers operating in the market are focusing robustly on offering a wide range of products. This has been a key driving factor for market. The gantry crane industry is poised to surge over the forthcoming years as several developments are underway to enhance the capabilities of the machines. Automated shipbuilding cranes is one of the key focus of the gantry crane manufacturers in the current scenario. The gantry cranes are being robustly used for lifting extremely heavy objects, and thus, are extensively used in shipyards and ports. The shipbuilding industry deals with the manufacturing of vessels that are used for offshore industry, merchant fleet, and military application. It is also associated with other significant sectors such as research, transportation, and security, which plays a vital role in national security interests and regional industrial infrastructure. Several governments across the region are spending heavily on the development of automated gantry cranes. Therefore, the development of shipbuilding/shipyards industry is estimated to fuel the growth of the gantry crane. The development of automated gantry cranes is projected to be one of the foremost technological advancements in the overhead crane industry. The application of connected technologies is already infused across the material handling equipment industry, and it has also witnessed the expansion of GPS-powered and IoT-enabled cranes. Thus, enhanced smart operations, higher fuel efficiency, and lower cost of ownership are some of the key features which have boosted the effectiveness of smart gantry cranes, thereby driving the Europe automated overhead crane market growth.

In case of COVID-19, Europe is highly affected specially France and Russia. The region witnessed notable decline in revenue from various industries as the government enacted various containment measures. Due to growing e-commerce activities, Europe had large scale import–export trade operations before the pandemic started. Managing a large warehouse demand shifting and storing of large and heavy crates throughout the warehouse safely and quickly. A network of overhead cranes helps warehouse employees to keep the inventory organized and accessible so their containers and crates can be found and accessed seamlessly whenever required. Since e-commerce activities were reduced to a drastic extent, the demand for various overhead cranes decreased considerably in Europe. Count of new businesses and start-ups that need equipment such as factory equipment, industrial HVACs, and other large machinery was very less. Repair shops use both gantry cranes and bridge cranes to unload products, shift them around the shop and reload them. As the operations were decreased intensely, the demand for gantry cranes and bridge cranes declined immensely across Europe. As the supply chain of several industries was disrupted, including automated overhead cranes, the automated overhead cranes market players experienced severe hardships in selling various types of cranes in 2020. Moreover, as major ports in Europe were experiencing low traffic of vessels, the automated overhead cranes market witnessed decline from demand side 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 Europe automated overhead crane market. The Europe automated overhead crane market is expected to grow at a good CAGR during the forecast period.

Europe Automated Overhead Crane Market Segmentation        

Europe Automated Overhead Crane Market – By Type

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

Europe Automated Overhead Crane Market – By Level of Automation

• Semi-Automated
• Fully Automated

Europe Automated Overhead Crane Market – By Industry

• Manufacturing
• Shipbuilding
• Metals and Steel
• Others

Europe Automated Overhead Crane Market, by Country

• France
• Germany
• Italy
• UK
• Russia 
• Rest of Europe

Europe Automated Overhead Crane Market -Companies Mentioned

• DONGQI GROUP
• EMH, Inc 
• EntsorgaFin S.p.A.
• Hoist UK
• Konecranes Oyj
• Sumitomo Heavy Industries Material Handling Systems Co., Ltd.
• Weihua Group

Europe Automated Overhead Crane Report Scope