North America Automated Overhead Crane Market Market to Grow at a CAGR of 6.1% to reach US$ 690.78 million from 2021 to 2028

North America 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 : TIPRE00025251
  • Category : Manufacturing and Construction
  • Status : Published
  • No. of Pages : 98
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The North America automated overhead crane market is expected to grow from US$ 456.56 million in 2021 to US$ 690.78 million by 2028; it is estimated to grow at a CAGR of 6.1% from 2021 to 2028.



The US, Canada, and Mexico are economies in North America. Increasing automation in the manufacturing sector is expected to surge the market growth. 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 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 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 automated overhead cranes consist of a hoist and a trolley connected to a support structure which is also called a girder. The girder attached with the cranes permits the trolley and the hoist to travel from side-to-side along the length of the crane. The overhead cranes used in the manufacturing industry are distinguished into two main types – single girder crane and double girder crane. They have applications in manufacturing units of automotive, shipyards, aerospace, utility, and other industries. The rising adoption of automation in manufacturing industries is anticipated to drive the overhead cranes industry. The growing advancements in manufacturing processes support in creating high requirement for advanced machinery such as automated overhead cranes market across North America region.

In case of COVID-19, North America is highly affected specially the US. Due to various restrictions and limitations, construction, manufacturing, and metal & mining industries showed declined production. All these affected the related trading activities, leading to an economic slowdown. Moreover, owing to the imposition of strict containment measures, operations were permitted with limited number of employees only. This hampered the production activities in the US. Overhead cranes are essentially required at several job sites. These cranes help in moving heavy loads from one place to another, increasing the floor space, efficiency, and safety. Owing to restriction of trade operations, the region has experienced significant decline in the adoption of automated overhead cranes from demand side in 2020. The ship building industry in Canada suffered adversely due to this pandemic. Ship hulls are massive and are shaped irregularly. Moving and shifting heavy tools, equipment, components, and parts around the inside of a slanted hull can be difficult without the help of an overhead crane. A wide spanning heavy gantry cranes are required essentially for building ship hulls. However, gantry cranes were among the cranes that observed significant reduction in their sales. Moreover, as economies reopen and trade restriction get relaxed, the automated overhead crane market is expected to witness a steady growth in North America.

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 North America automated overhead crane market. The North America automated overhead crane market is expected to grow at a good CAGR during the forecast period.

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North America Automated Overhead Crane Market Segmentation       

North America Automated Overhead Crane Market – By Type

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

North America Automated Overhead Crane Market – By Level of Automation

  • Semi-Automated
  • Fully Automated

North America Automated Overhead Crane Market – By Industry

  • Manufacturing
  • Shipbuilding
  • Metals and Steel
  • Others

North America Automated Overhead Crane Market, by Country

  • US   
  • Canada   
  • Mexico

North America Automated Overhead Crane Market -Companies Mentioned

  • Acculift
  • DONGQI GROUP
  • EMH, Inc
  • EntsorgaFin S.p.A.
  • Konecranes Oyj
  • Kundel Industries Inc.
  • Sumitomo Heavy Industries Material Handling Systems Co., Ltd.
  • Weihua Group
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

  1. Acculift
  2. DONGQI GROUP
  3. EMH, Inc
  4. EntsorgaFin S.p.A.
  5. Konecranes Oyj
  6. Kundel Industries Inc.
  7. Sumitomo Heavy Industries Material Handling Systems Co., Ltd.
  8. Weihua Group

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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