Europe Automated Overhead Crane Market Growth and Forecast by 2028
Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028Europe 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)
- Report Date : Oct 2021
- Report Code : TIPRE00025249
- Category : Manufacturing and Construction
- Status : Published
- Available Report Formats :
- No. of Pages : 111
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.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
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
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 515.08 Million |
| Market Size by 2028 | US$ 827.71 Million |
| Global CAGR (2021 - 2028) | 7.0% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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- DONGQI GROUP
- EMH, Inc
- EntsorgaFin S.p.A.
- Hoist UK
- Konecranes Oyj
- Sumitomo Heavy Industries Material Handling Systems Co., Ltd.
- Weihua Group
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