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.
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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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. MEA Automated Overhead Crane Market Landscape
4.1 Market Overview
4.2 MEA PEST Analysis
4.3 Ecosystem Analysis
5. MEA Automated Overhead Crane Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Escalating Automation in the Manufacturing Sector
5.1.2 Surging Development of Automated Shipbuilding Cranes
5.2 Market Restraints
5.2.1 Costly Installation and Maintenance
5.3 Market Opportunities
5.3.1 Growing Number of Distribution and Warehousing Centers
5.4 Future Trends
5.4.1 Burgeoning Adoption of Industry 4.0 for Smarter Lifting Equipment
5.5 Impact Analysis of Drivers and Restraints
6. Automated Overhead Crane Market– MEA Analysis
6.1 MEA Automated Overhead Crane Market Overview
6.2 MEA Automated Overhead Crane Market Revenue Forecast and Analysis
7. MEA Automated Overhead Crane Market Revenue and Forecast to 2028 – By Type
7.1 Overview
7.2 MEA Automated Overhead Crane Market, by Type (2020 & 2028)
7.3 Bridge Cranes
7.3.1 Overview
7.3.2 Bridge Cranes: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
7.4 Gantry Cranes
7.4.1 Overview
7.4.2 Gantry Cranes: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
7.5 Monorail Cranes
7.5.1 Overview
7.5.2 Monorail Cranes: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
7.6 Jib Cranes
7.6.1 Overview
7.6.2 Jib Cranes: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
8. MEA Automated Overhead Crane Market Analysis and Forecast to 2028 – By Level of Automation
8.1 Overview
8.2 MEA Automated Overhead Crane Market, by Level of Automation (2020 & 2028)
8.3 Semi-Automated
8.3.1 Overview
8.3.2 Semi-Automated: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
8.4 Fully Automated
8.4.1 Overview
8.4.2 Fully Automated: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
9. MEA Automated Overhead Crane Market Analysis and Forecast to 2028 – By Industry
9.1 Overview
9.2 MEA Automated Overhead Crane Market, by Industry (2020 & 2028)
9.3 Manufacturing
9.3.1 Overview
9.3.2 Manufacturing: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
9.4 Shipbuilding
9.4.1 Overview
9.4.2 Shipbuilding: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
9.5 Metals and Steel
9.5.1 Overview
9.5.2 Metals and Steel: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
10. MEA Automated Overhead Crane Market – Country Analysis
10.1 Overview
10.1.1 MEA: Automated Overhead Crane Market, by Key Country
10.1.1.1 Saudi Arabia: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Saudi Arabia: Automated Overhead Crane Market, by Type
10.1.1.1.2 Saudi Arabia: Automated Overhead Crane Market, by Level of Automation
10.1.1.1.3 Saudi Arabia: Automated Overhead Crane Market, by Industry
10.1.1.2 UAE: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 UAE: Automated Overhead Crane Market, by Type
10.1.1.2.2 UAE: Automated Overhead Crane Market, by Level of Automation
10.1.1.2.3 UAE: Automated Overhead Crane Market, by Industry
10.1.1.3 South Africa: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 South Africa: Automated Overhead Crane Market, by Type
10.1.1.3.2 South Africa: Automated Overhead Crane Market, by Level of Automation
10.1.1.3.3 South Africa: Automated Overhead Crane Market, by Industry
10.1.1.4 Rest of MEA: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Rest of MEA: Automated Overhead Crane Market, by Type
10.1.1.4.2 Rest of MEA: Automated Overhead Crane Market, by Level of Automation
10.1.1.4.3 Rest of MEA: Automated Overhead Crane Market, by Industry
11. MEA Automated Overhead Crane Market - COVID-19 Impact Analysis
11.1 MEA: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Merger and Acquisition
12.3 New Development
13. Company Profiles
13.1 DONGQI GROUP
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Konecranes Oyj
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 EMH, Inc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 EntsorgaFin S.p.A.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Weihua Group
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Sumitomo Heavy Industries Material Handling Systems Co., Ltd.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. MEA Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
Table 2. MEA: Automated Overhead Crane Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. Saudi Arabia: Automated Overhead Crane Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. Saudi Arabia: Automated Overhead Crane Market, by Level of Automation – Revenue and Forecast to 2028 (US$ Million)
Table 5. Saudi Arabia: Automated Overhead Crane Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 6. UAE: Automated Overhead Crane Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. UAE: Automated Overhead Crane Market, by Level of Automation – Revenue and Forecast to 2028 (US$ Million)
Table 8. UAE: Automated Overhead Crane Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 9. South Africa: Automated Overhead Crane Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. South Africa: Automated Overhead Crane Market, by Level of Automation – Revenue and Forecast to 2028 (US$ Million)
Table 11. South Africa: Automated Overhead Crane Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of MEA: Automated Overhead Crane Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of MEA: Automated Overhead Crane Market, by Level of Automation – Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of MEA: Automated Overhead Crane Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. MEA Automated Overhead Crane Market Segmentation
Figure 2. MEA Automated Overhead Crane Market Segmentation – By Country
Figure 3. MEA Automated Overhead Crane Market Overview
Figure 4. MEA Automated Overhead Crane Market, by Type
Figure 5. MEA Automated Overhead Crane Market, by Industry
Figure 6. MEA Automated Overhead Crane Market, by Country
Figure 7. MEA – PEST Analysis
Figure 8. MEA Automated Overhead Crane Market: Ecosystem Analysis
Figure 9. MEA Automated Overhead Crane Market: Impact Analysis of Drivers and Restraints
Figure 10. MEA Automated Overhead Crane Market Revenue Forecast and Analysis (US$ Million)
Figure 11. MEA Automated Overhead Crane Market, by Type (2020 & 2028)
Figure 12. MEA Bridge Cranes: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. MEA Gantry Cranes: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. MEA Monorail Cranes: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. MEA Jib Cranes: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. MEA Others: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. MEA Automated Overhead Crane Market, by Level of Automation (2020 & 2028)
Figure 18. MEA Semi-Automated: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. MEA Fully Automated: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. MEA Automated Overhead Crane Market, by Industry (2020 & 2028)
Figure 21. MEA Manufacturing: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. MEA Shipbuilding: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. MEA Metals and Steel: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. MEA Others: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. MEA: Automated Overhead Crane Market, by Key Country – Revenue (2020) (USD Million)
Figure 26. MEA: Automated Overhead Crane Market Revenue Share, by Key Country (2020 & 2028)
Figure 27. Saudi Arabia: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. UAE: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. South Africa: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Rest of MEA: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Impact of COVID-19 Pandemic in MEA Country Markets
- DONGQI GROUP
- EMH, Inc
- EntsorgaFin S.p.A.
- Konecranes Oyj
- Sumitomo Heavy Industries Material Handling Systems Co., Ltd.
- Weihua Group
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- 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.
- 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:
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.
- 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.
- 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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