Electric Overhead Travelling (EOT) Cranes Market size was valued USD 68.53 Mn in 2023 and the total revenue is expected to grow at 4.5% from 2024 to 2030, reaching USD 93.26 Mn.Electric Overhead Travelling (EOT) Cranes Market Overview
EOT (Electric overhead traveling) crane is an overhead crane. The crane has a parallel runway with a visiting bridge which covers the gap. Electric overhead Travelling (EOT) Crane is used both for renovation or manufacturing application. The advances electric overhead Travelling (EOT) crane have various expertise such as excessive speeds, lifting with heavy speed on the manufacturing facility ground others make the Electric Overhead Travelling (EOT) Cranes extra more attractive. The EOT cranes are operated via radio/IR remote pendant or by cabin operator which is connected to crane. Associations like Crane Manufacturers Association of America, Monorail Manufacturers Association and Hoist Manufacturers Institute are there to test the industry standard and promotional activities to enlarge the attention of the assistances to overhead lifting.To know about the Research Methodology :- Request Free Sample Report The features such as excessive safety, time saving, reduction of labor cost and decrease renovation fees are the few factors which are anticipated to drive the electric overhead travelling cranes market throughout the world. Increasing investment of government authorities and private industry in infrastructure improvement tasks which consists of street construction, dam, bridges, railway, waterways, and others is the key riding element for Electric overhead travelling cranes market. However, the set-up price of Electric overhead travelling cranes is very high and this act as a restraining factor for the Electric Overhead Traveling (EOT) cranes market. Other than this, Electric overhead travelling cranes have an opportunity in warehousing and distribution and manufacturing sector. All this feature is anticipated to drive the standard Electric overhead Travelling (EOT) cranes market throughout the region.
Electric Overhead Travelling (EOT) Cranes Market Dynamics
Increasing development project around the world is anticipated to drive the market of Electric overhead traveling crane in the forecast period. Growing wind energy projects around the globe will require Electric overhead travelling (EOT) cranes for their set up and as a result have large possibilities in off shore and on-shore. The use of Electric overhead travelling (EOT) in heavy industrial segments such as metallurgy, engineering equipment, vehicle lifting and transferring heavy weighted masses from one to other has been a distinguished use of EOT cranes owing to its environment friendly load bearing and maneuvering capabilities. The product has additionally witnessed a sizeable quantity of use in inland ports and different areas of sea logistics. Improved world economic situation has multiplied funding in infrastructure initiatives which has fueled demand of bridges as a result driving the market. Double Girder bridge crane is in trend in modern times as they can raise comparatively heavy load for a longer span. However, its value and installation complexity are obstructing the market of Electric overhead travelling (EOT) crane to some extent. Also, use of Smart technology cranes are extra desired as the new cranes are highly-priced therefore it’s an indispensable factor hindering the market of Electric overhead travelling (EOT) cranes. Electric Overhead Travelling (EOT) Cranes Market Key development 1. In 2018, Columbus McKinnon Corporation introduced the launch of their AS7 electric powered wire rope hoist’ to its hoist product portfolio. It is a cost- effective for users, crane producers and device manufacturers. 2. In 2019, Konecranes introduced the launch of their new Konecranes CXT UNO which is in particular designed for popular manufacturing, steel working and for restore facilities.Electric Overhead Travelling (EOT) Cranes Market Competitive Landscape
The prominent players operating in the market included Liebherr Group, Komatsu Ltd., Comansa, XCMG Ltd., Zoomlion Heavy Industry Science and Technology Co., Ltd., Terex Corporation, Sany Group, Tadano Ltd., Manitowoc, Palfinger AG. The industries are launching new products with smart connectivity & security technology to provide operational security at worksites. The producers are focusing on creating environment friendly product to cater to a variety of application industries.Scope of Electric Overhead Travelling (EOT) Cranes Market: Inquire before buying
Electric Overhead Travelling (EOT) Cranes Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: USD 68.53 Mn. Forecast Period 2024 to 2030 CAGR: 4.5% Market Size in 2030: USD 93.26 Mn. Segments Covered: by Type Single Girder EOT Cranes Double Girder EOT Cranes Others by Lifting Capacity Light Duty Cranes Medium Duty Cranes Heavy Duty Cranes by Application Construction & Infrastructure Industry Mining Excavation Industry Metallurgy Shipping & Boarding Industry Automotive Oil & Gas Industry Others Electric overhead travelling (EOT) cranes Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Market, Key Players
1. Harrington Hoists Inc 2. Columbus Mckinnon Corporation 3. ABUS Crane Systems 4. Konecranes PLC 5. Henan Mine Crane Co., Ltd. 6. Aditya Cranes Pvt Ltd 7. Palfinger AG 8. SISSCO Material Handling 9. Elestar Crane Systems Pvt Ltd. 10. GH Crane & Components 11. Eilbeck Cranes 12. K2 Cranes 13. Uesco Cranes 14. Weihua Group Co., Ltd. 15. Pioneer Cranes & Elevators (p) Ltd. 16. ElectroMech 17. Mukand Limited 18. Elite cranes 19. Other Key Players Frequently Asked Questions: 1.Which region has the largest share in Global market? Ans: Asia Pacific region held the highest share in 2023. 2.What is the growth rate of Global Market? Ans: The Global Market is growing at a CAGR of 4.5% during forecasting period 2024-2030. 3.What is scope of the Global Market report? Ans: Global Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors& Leaders, and market estimation of the forecast period. 4.Who are the key players in Global Market? Ans: The important key players in the Global Market are – Harrington Hoists Inc., Columbus Mckinnon Corporation, ABUS cranes, Liebherr Group, Komatsu Ltd., Comansa, XCMG Ltd, Zoomlion Heavy Industry Science and Technology Co. Ltd., Terex Corporation, Sany Group, Tadano Ltd, Manitowoc, Palfinger AG. 5.What was the Electric Overhead Travelling (EOT) Cranes Market Size in 2023? Ans: The Electric Overhead Travelling (EOT) Cranes Market Size is USD 68.53 Mn in 2023.
1. Electric Overhead Travelling (EOT) Cranes Market: Market Introduction 1.1. Executive Summary 1.2. Market Size (2023) & Forecast (2024-2030) 1.3. Market Size (Value and Volume) and Market Share (%) - By Segments, Regions and Country 2. Competitive Landscape 2.1. MMR Competition Matrix 2.2. Key Players Benchmarking 2.2.1. Company Name 2.2.2. Product Segment 2.2.3. End-User Segment 2.2.4. Revenue Details 2.2.5. Market Share (%) 2.2.6. Headquarter 2.3. Market Structure 2.3.1. Market Leaders 2.3.2. Market Followers 2.3.3. Emerging Players 2.4. Mergers and Acquisitions Details 3. Electric Overhead Travelling (EOT) Cranes Market: Quantitative Landscape 3.1. Electric Overhead Travelling (EOT) Cranes Import-Export Analysis (2023) 3.2. Electric Overhead Travelling (EOT) Cranes Price Trend Analysis (2019-2023) 4. Market Dynamics 4.1. Electric Overhead Travelling (EOT) Cranes Market Trends 4.2. Electric Overhead Travelling (EOT) Cranes Market Dynamics 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. PORTER’s Five Forces Analysis 4.4. PESTLE Analysis 4.5. Technology Roadmap 4.6. Value Chain Analysis 4.7. Regulatory Landscape by Region 4.7.1. North America 4.7.2. Europe 4.7.3. Asia Pacific 4.7.4. Middle East and Africa 4.7.5. South America 4.8. Key Opinion Leader Analysis For the Global Industry 4.9. Analysis of Government Schemes and Initiatives on the Industry 5. Electric Overhead Travelling (EOT) Cranes Market: Global Market Size and Forecast by Segmentation (by Value in USD and Volume in Units) (2023-2030) 5.1. Global Market Size and Forecast, by Type 5.1.1. Single Girder EOT Cranes 5.1.2. Double Girder EOT Cranes 5.1.3. Others 5.2. Global Market Size and Forecast, by Lifting Capacity 5.2.1. Light Duty Cranes 5.2.2. Medium Duty Cranes 5.2.3. Heavy Duty Cranes 5.3. Global Market Size and Forecast, by Application 5.3.1. Construction & Infrastructure Industry 5.3.2. Mining Excavation Industry 5.3.3. Metallurgy 5.3.4. Shipping & Boarding Industry 5.3.5. Automotive 5.3.6. Oil & Gas Industry 5.3.7. Others 5.4. Global Market Size and Forecast, by Region 5.4.1. North America 5.4.2. Europe 5.4.3. Asia Pacific 5.4.4. Middle East and Africa 5.4.5. South America 6. North America Market Size and Forecast by Segmentation (by Value in USD and Volume in Units) (2023-2030) 6.1. North America Market Size and Forecast, by Type 6.2. North America Market Size and Forecast, by Lifting Capacity 6.3. North America Market Size and Forecast, by Application 6.4. North America Market Size and Forecast, by Country 6.4.1. United States 6.4.1.1. United States Market Size and Forecast, by Type 6.4.1.2. United States Market Size and Forecast, by Lifting Capacity 6.4.1.3. United States Market Size and Forecast, by Application 6.4.2. Canada 6.4.3. Mexico 7. Europe Market Size and Forecast by Segmentation (by Value in USD) (2023-2030) 7.1. Europe Market Size and Forecast, by Type 7.2. Europe Market Size and Forecast, by Lifting Capacity 7.3. Europe Market Size and Forecast, by Application 7.4. Europe Market Size and Forecast, by Country 7.4.1. United Kingdom 7.4.1.1. United Kingdom Market Size and Forecast, by Type 7.4.1.2. United Kingdom Market Size and Forecast, by Lifting Capacity 7.4.1.3. United Kingdom Market Size and Forecast, by Application 7.4.2. France 7.4.3. Germany 7.4.4. Italy 7.4.5. Spain 7.4.6. Sweden 7.4.7. Russia 7.4.8. Rest of Europe 8. Asia Pacific Market Size and Forecast by Segmentation (by Value in USD) (2023-2030) 8.1. Asia Pacific Market Size and Forecast, by Type 8.2. Asia Pacific Market Size and Forecast, by Lifting Capacity 8.3. Asia Pacific Market Size and Forecast, by Application 8.4. Asia Pacific Market Size and Forecast, by Country 8.4.1. China 8.4.1.1. China Market Size and Forecast, by Type 8.4.1.2. China Market Size and Forecast, by Lifting Capacity 8.4.1.3. China Market Size and Forecast, by Application 8.4.2. South Korea 8.4.3. Japan 8.4.4. India 8.4.5. Australia 8.4.6. Indonesia 8.4.7. Malaysia 8.4.8. Philippines 8.4.9. Thailand 8.4.10. Vietnam 8.4.11. Rest of Asia Pacific 9. Middle East and Africa Market Size and Forecast by Segmentation (by Value in USD and Volume in Units) (2023-2030) 9.1. Middle East and Africa Market Size and Forecast, by Type 9.2. Middle East and Africa Market Size and Forecast, by Lifting Capacity 9.3. Middle East and Africa Market Size and Forecast, by Application 9.4. Middle East and Africa Market Size and Forecast, by Country 9.4.1. South Africa 9.4.1.1. South Africa Market Size and Forecast, by Type 9.4.1.2. South Africa Market Size and Forecast, by Lifting Capacity 9.4.1.3. South Africa Market Size and Forecast, by Application 9.4.2. GCC 9.4.3. Egypt 9.4.4. Nigeria 9.4.5. Rest of ME&A 10. South America Market Size and Forecast by Segmentation (by Value in USD and Volume in Units) (2023-2030) 10.1. South America Market Size and Forecast, by Type 10.2. South America Market Size and Forecast, by Lifting Capacity 10.3. South America Market Size and Forecast, by Application 10.4. South America Market Size and Forecast, by Country 10.4.1. Brazil 10.4.1.1. Brazil Market Size and Forecast, by Type 10.4.1.2. Brazil Market Size and Forecast, by Lifting Capacity 10.4.1.3. Brazil Market Size and Forecast, by Application 10.4.2. Argentina 10.4.3. Colombia 10.4.4. Chile 10.4.5. Rest of South America 11. Company Profile: Key Players 11.1. Harrington Hoists Inc. 11.1.1. Company Overview 11.1.2. Business Portfolio 11.1.3. Financial Overview 11.1.4. SWOT Analysis 11.1.5. Strategic Analysis 11.1.6. Recent Developments 11.2. Columbus McKinnon Corporation 11.3. ABUS Crane Systems 11.4. Konecranes PLC 11.5. Henan Mine Crane Co., Ltd. 11.6. Aditya Cranes Pvt Ltd 11.7. Palfinger AG 11.8. SISSCO Material Handling 11.9. Elestar Crane Systems Pvt Ltd. 11.10. GH Crane & Components 11.11. Eilbeck Cranes 11.12. K2 Cranes 11.13. Uesco Cranes 11.14. Weihua Group Co., Ltd. 11.15. Pioneer Cranes & Elevators (P) Ltd. 11.16. ElectroMech 11.17. Mukand Limited 11.18. Elite Cranes 11.19. Other Key Players 12. Key Findings 13. Analyst Recommendations 14. Electric Overhead Travelling (EOT) Cranes Market: Research Methodology
