South America Automated Overhead Crane Market Outlook and Strategic Insights by 2028

The SAM automated overhead crane market is expected to grow from US$ 105.26 million in 2021 to US$ 137.54 million by 2028; it is estimated to grow at a CAGR of 3.9% from 2021 to 2028.

Brazil is the major economy in the SAM region with respect to the market. Rising number of distribution and warehousing centers is expected to fuel the market growth. 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 across the region. 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 countries across the region. The e-commerce and 3PL market players are the biggest adopters of organized warehousing spaces. For instance, the constant growth in the e-commerce industry is boosting the development in the number of warehouses and distribution centers across the region. The e-retailers are now more strongly looking forward in opening warehouses in tier I and tier II cities. Thus, the demand for automated overhead cranes across warehouse and distribution centers for lifting heavy equipment and material handling will increase. The warehouse crane usually consists of single girder overhead crane, double girder overhead crane, and electric hoist gantry crane for lifting purpose. Majority of the warehouses and distribution centers use automated overhead cranes with the lifting capacity of 1 ton, 3-ton, 5 ton, and 10 ton up to 100 ton. Therefore, the commodities or material substances can be lifted and transferred to other places easily. Thus, growing no. of distribution centers and warehouses is expected to increase the demand of automated overhead cranes market, thereby driving the SAM market growth.

In case of COVID-19, SAM is highly affected specially Brazil. In the aviation industry, managing a hanger requires moving equipment that is heavy and huge. Engines, interiors, ailerons, and other crucial parts must be moved cautiously and placed accurately. An overhead crane makes sure that all such aspects of aviation assembly and repair are carried out carefully. Due to various limitations on air cargo, overhead cranes required in this sector observed significantly less demand. Overhead cranes are widely used for loading and unloading massive units at seaports. A seaport is considered as the gateway of international commerce, and these sites are considerably busy with arrival and departure of ships from all over the world. Due to cross border trade restrictions, international trade operations were reduced notably. This affected the demand for overhead cranes of various types required in the transportation industry. Consequently, this pandemic has also impacted the sales of respective spare parts and components related to automated overhead cranes. Since the governments announced containment measures, the region experienced decline in manufacturing and construction activities, which ultimately affected the adoption of automated overhead cranes from various end users. Moreover, the disruption in distribution of automated overhead cranes in the region affected the market from supply side. However, after the situation normalizes, this market will witness a promising growth 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 SAM automated overhead crane market. The SAM automated overhead crane market is expected to grow at a good CAGR during the forecast period.

SAM Automated Overhead Crane Market Segmentation 

SAM Automated Overhead Crane Market – By Type

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

SAM Automated Overhead Crane Market – By Level of Automation

• Semi-Automated
• Fully Automated

SAM Automated Overhead Crane Market – By Industry

• Manufacturing
• Shipbuilding
• Metals and Steel
• Others

SAM Automated Overhead Crane Market, by Country

• Brazil      
• Rest of SAM

SAM 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

South America Automated Overhead Crane Report Scope