Automated Overhead Cranes Market Size, Trends and Growth Analysis by 2027

The global market for Automated Overhead Cranes is projected to expand from US$ 1,854.1 million in 2021 to US$ 2,928.5 million by 2028, reflecting a compound annual growth rate (CAGR) of 6.7% during the period from 2021 to 2028.

The increasing need for efficient multi-channel distribution and supply chain strategies among retail outlets to meet customer demands at any time and from any location is driving the growth of warehouses and distribution centers worldwide. The continuous rise in e-commerce, third-party logistics (3PL), fast-moving consumer goods (FMCG), fast-moving consumer durables (FMCD), retail, and manufacturing sectors is contributing to the increasing number of organized warehousing facilities in India. Notably, e-commerce and 3PL companies are significant users of these organized warehousing spaces. For example, the burgeoning e-commerce sector in India is leading to a surge in the establishment of warehouses and distribution centers throughout the nation. E-retailers are now focusing on setting up warehouses in tier I and tier II cities. Consequently, the demand for Automated Overhead Cranes is anticipated to rise in warehouses and distribution centers for the purpose of lifting heavy equipment and handling materials. Typically, warehouse cranes include single girder overhead cranes, double girder overhead cranes, and electric hoist gantry cranes designed for lifting tasks. Most warehouses and distribution centers utilize Automated Overhead Cranes with lifting capacities ranging from 1 ton to 100 tons, including 3 tons, 5 tons, and 10 tons.

The market for Automated Overhead Cranes is categorized by type, automation level, industry, and geography. In terms of type, the market is divided into bridge cranes, gantry cranes, monorail cranes, jib cranes, and others. The gantry crane segment held the largest market share in 2021. Regarding automation levels, the market is classified into semi-automated and fully automated cranes. In 2021, the semi-automated segment represented a larger portion of the market. By industry, the market is segmented into manufacturing, shipbuilding, metals and steel, and other sectors, with the manufacturing segment leading the market in 2021. Geographically, the market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM), with APAC holding the largest share of the global market in 2021.

The COVID-19 pandemic has had a profound impact on the world, and its effects are still being felt in various countries. Prior to the pandemic, the crane industry was experiencing significant growth in many regions; however, the outbreak resulted in a marked decline in the adoption of Automated Overhead Cranes, including bridge cranes, gantry cranes, monorail cranes, and jib cranes. The containment measures implemented, such as business closures, lockdowns, and travel restrictions, severely disrupted the production and supply chain of Automated Overhead Cranes. As countries enforced strict measures to curb the spread of COVID-19, trading activities were significantly hindered, adversely affecting the manufacturing of Automated Overhead Cranes from the supply side until 2020. Nevertheless, by the last quarter of 2020, many trade operations began to recover, and market players started to observe a resurgence in demand for Automated Overhead Cranes.

The overall market size for Automated Overhead Cranes has been determined through a combination of primary and secondary research methods. The research process commenced with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data related to the market. This approach also aimed to provide an overview and forecast for the Automated Overhead Cranes market across all segments. Additionally, it offered insights and forecasts based on various segmentations across five major regions: North America, Europe, APAC, MEA, and SAM. Furthermore, primary interviews were conducted with industry participants and experts to validate the data and gain deeper analytical insights. Participants included industry professionals such as VPs, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the Automated Overhead Cranes market.

Key players in the global Automated Overhead Cranes market include Dongqi Group, EMH, Inc., Entsorgaphin SPA, Henan Clescrane Systems Co. Ltd., Hoist UK, Konecranes, Kundle Industries Inc., Sumitomo Heavy Industries Material Handling Systems Co. Ltd., Acculift, and Weihua Cranes.