US $ 2,928.59 Million Automated Overhead Crane Market by 2028 at 6.7% CAGR Globally, COVID-19 Impact and Analysis by The Insight Partners


NEW YORK, August 26, 2021 / PRNewswire / – According to a new research study on “Automated Overhead Crane Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Level of Automation, Industry and Geography ”, the market is expected to reach US $ 2,928.59 million by 2028 onwards US $ 1,854.10 million in 2021; it is expected to grow at a CAGR of 6.7% during the forecast period of 2021 to 2028.

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The growing demand for omnichannel distribution and supply chain strategy by retail stores to meet the demand of their customers anytime and anywhere is increasing the number of warehouses and distribution centers around the world. . The constant growth of e-commerce, 3PL, Fast Turning Consumer Goods (FMCG), Fast Turning Durable Consumer Goods (FMCD), retail and manufacturing industries supports the growing number of spaces for business. warehousing organized in the country. The players in the e-commerce and 3PL market are the largest users of organized storage spaces. For example, the constant growth of India’s e-commerce industry is boosting the development of the number of warehouses and distribution centers across the country. E-merchants are now more eager to open warehouses in level I and II cities. Thus, the demand for automated overhead cranes in warehouses and distribution centers for lifting heavy equipment and handling materials will increase. Warehouse overhead crane usually consists of single girder overhead crane, double girder overhead crane and electric lifting gantry for lifting purposes. The majority of warehouses and distribution centers use automated overhead cranes with a lifting capacity of 1 ton, 3 tons, 5 tons and 10 tons up to 100 tons. Therefore, the goods or material substances can be easily lifted and transferred to other places.

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Russia, France, Great Britain, Italy, Germany, and Spain are among the most affected countries in Europe due to the COVID-19 pandemic. The region has seen a noticeable drop in revenues from various industries as the government enacted various containment measures. Due to the growth of e-commerce business, Europe had large-scale import-export business operations prior to the onset of the pandemic. Managing a large warehouse requires moving and storing large and heavy boxes throughout the warehouse safely and quickly. A network of overhead cranes helps warehouse workers keep inventory organized and accessible so their containers and crates can be found and accessed seamlessly whenever needed. As the e-commerce activities have been drastically reduced, the demand for various overhead cranes has decreased significantly in Europe.

The number of new companies and start-ups needing equipment such as factory equipment, industrial HVAC systems and other large machinery was much lower. Repair shops use both gantry cranes and overhead cranes to unload products, move them around the shop and reload them. As operations intensely diminished, the demand for gantry cranes and overhead cranes decreased dramatically across Europe. As the supply chain of several industries was disrupted, including automated overhead cranes, the players in the automated overhead crane market experienced severe difficulties in selling various types of cranes in 2020. Moreover, as a major ports of Europe were experiencing low vessel traffic, the automated overhead crane market saw a decline on the demand side in 2020.

Adoption of Industry 4.0 for smarter lifting equipment to propel the growth of the automated overhead crane market in the years to come

Overhead crane manufacturers are focusing on designing smarter lifting equipment by following trends to develop smarter factories in high-end manufacturing industries. The implementation of automation, smart technology, digital communications, smart factories, Internet of Things, networking and cloud storage are some of the features offered with the adoption of the Industry 4.0 in the context of the fourth industrial revolution. The integration of Industry 4.0 with overhead cranes improves automation within the factory and enables intelligent connectivity of intelligent devices such as machine-to-product communication and machine-to-machine communication. The implementation of smart technology with overhead cranes allows them to collect data on the operation of overhead cranes. In addition, the growing trend of intelligent technology for maintenance purposes by examining historical maintenance data and technical information of the crane, is driving the adoption of automated overhead cranes.

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Automated Overhead Crane Market: Industry Overview

Based on the industry, the automated overhead crane market is segmented into manufacturing, shipbuilding, metals and steel, and others. These industries use cranes to lift materials, containers, and more, and place them precisely at a specific location. The industry requires manufacturers to customize cranes to suit their needs or to hire these cranes on hire to perform specific tasks. Automated cranes play a vital role in improving the safety and operational efficiency of several industries. These automated cranes are customized for any space, including harsh environments where space is limited, and they dramatically increase manufacturing capabilities. The automated hanging console is used in manufacturing units in several industries, including automotive, aerospace, concrete manufacturing, and power plants.

Automated Overhead Crane Market: Competitive Landscape and Key Developments

DONGQI GROUP; Konecranes Oyj; EMH, Inc; EntsorgaFin SpA; Henan Clescrane System Co., Ltd .; Hoist UK, Kundel Industries Inc .; Weihua Group; Sumitomo Heavy Industries Material Handling Systems Co., Ltd .; and Acculift are among the main players presented during this market study. In addition to these players, several other essential market players have also been studied and analyzed to get a holistic view of the global Automated Overhead Cranes market and its ecosystem.

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In 2021, Kalmar, a subsidiary of Cargotec, entered into an agreement with Companhia Siderúrgica Nacional (CSN) for the supply of nine Kalmar wheeled gantry cranes (RTG). The cranes will be delivered to the Sepetiba Tecon terminal in Rio de Janeiro, Brazil.

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