Middle East and Africa Automated Overhead Crane Market Trends and Analysis by 2028
Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028Middle East and Africa 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 : TIPRE00025250
- Category : Manufacturing and Construction
- Status : Published
- Available Report Formats :
- No. of Pages : 93
The MEA automated overhead crane market is expected to grow from US$ 174.96 million in 2021 to US$ 241.54 million by 2028; it is estimated to grow at a CAGR of 4.7% from 2021 to 2028.
The UAE, Saudi Arabia, and South Africa are major economies in MEA. Burgeoning adoption of industry 4.0 for smarter lifting equipment is expected to fuel the MEA automated overhead crane market growth in coming years. 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 implementation of smart technology with the overhead cranes permits them to collect the data from the operation of the cranes. Also, the growing trend of smart technology for maintenance purpose by reviewing the historical maintenance data and technical information of the crane, is boosting the adoption of automated overhead cranes market across the MEA region.
In case of COVID-19, MEA is highly affected specially Turkey and South Africa. MEA automated overhead crane market is majorly affected by the disruption in the national and international supply chains. Gulf countries have got many oil companies that require overhead cranes for their operations. Several governments announced travel restrictions, the movement of people was limited and thus the demand for fuels was reduced. Since the demand for fuels, i.e., petrol and diesel, was decreased, this impacted the need for overhead cranes at offshore oil rigs, petroleum plants, and refineries. Considering lifting and material handling requirements in cement and concrete factories, workers need gantry cranes in the yard and bridge cranes in factories. Since the overall demand for cement was shrunk, the requirement of gantry cranes and bridge cranes adopted in cement and concrete factories was also reduced. However, post pandemic, the automated overhead cranes market is expected to rise considerably in this region.
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 MEA automated overhead crane market. The MEA 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.
MEA Automated Overhead Crane Market Segmentation
MEA Automated Overhead Crane Market – By Type
- Bridge Crane
- Gantry Crane
- Monorail Crane
- Jib Crane
- Others
MEA Automated Overhead Crane Market – By Level of Automation
- Semi-Automated
- Fully Automated
MEA Automated Overhead Crane Market – By Industry
- Manufacturing
- Shipbuilding
- Metals and Steel
- Others
MEA Automated Overhead Crane Market, by Country
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
MEA Automated Overhead Crane Market -Companies Mentioned
- DONGQI GROUP
- EMH, Inc
- EntsorgaFin S.p.A.
- Konecranes Oyj
- Sumitomo Heavy Industries Material Handling Systems Co., Ltd.
- Weihua Group
Middle East and Africa Automated Overhead Crane Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 174.96 Million |
| Market Size by 2028 | US$ 241.54 Million |
| Global CAGR (2021 - 2028) | 4.7% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Middle East and Africa
|
| 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.
- Konecranes Oyj
- Sumitomo Heavy Industries Material Handling Systems Co., Ltd.
- Weihua Group
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