Global Automated Overhead Cranes Market size was valued at USD 1.97 Bn in 2022 and is expected to reach USD 3.06 Bn by 2029, at a CAGR of 6.5%.Automated Overhead Cranes Market Overview
An Automation process including grabbing or securing a part, lifting, horizontal travel, lowering, and release or placement of the part using overhead cranes is known as Automated Overhead Cranes. The process is fully automated with portions of operation performed by an operators. The increasing trend of industrial automation is a significant driver for the adoption of automated overhead cranes. As industries sought to optimize their material handling processes and improve productivity, they turned to automated solutions and is expected to boost the Automated Overhead Cranes market growth. Automated overhead cranes found applications in various industries, including manufacturing, automotive, aerospace, steel, construction, and more. Their versatility made them suitable for different material handling requirements.Automated Overhead Cranes Market Snapshot
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Automated Overhead Cranes Market Dynamics
Increasing demand for material handling automation to boost the Automated Overhead Cranes Market growth With industries striving to improve operational efficiency and reduce manual labor, there was a growing demand for automated solutions, including overhead cranes. Automated cranes are able to handle heavy loads efficiently, leading to increased adoption across various industries. Automated overhead cranes are designed to enhance workplace safety by minimizing human intervention in hazardous environments. Additionally, these cranes optimize workflow, reduce downtime, and increase overall productivity and is expected to boost the Automated Overhead Cranes Market growth. The rapid expansion of e-commerce and the increasing demand for efficient logistics and warehousing solutions have driven the need for automated overhead cranes. These cranes are essential for handling, moving, and organizing goods in large distribution centers and warehouses. In certain industries, there has been a shortage of skilled labor for manual material handling tasks. Automated overhead cranes provide a reliable alternative, ensuring that operations continue smoothly even with a limited workforce. As various countries continue to industrialize and develop their manufacturing and infrastructure sectors, the demand for material handling equipment, including automated overhead cranes, has seen a significant upswing in Automated Overhead Cranes Market Share. Safe Features for Overhead Cranes Intelligent lifting with Safe Features Most automated Overhead Carnes are equipped with safe features, software that provides greater control over the material handling during production processes. As soon as the operators will take charge of crane, the work will get easier. A more efficient operator increases productivity by saving time and money as load cycle times go down. Load control for smooth operation The load control features bring steady movement with maximum load control, improved productivity with shorter load cycles, and greater safety for operators and work environment. Area control for maximum productivity and efficiency The features provide more control over the working area of the crane by improving the efficiency and accuracy of load positioning with the adaption of available space to the physical layout of the production line. Benefits of Automated Overhead Cranes An automated handling system is able to control a complete intralogistics system within a single computer program. Along with increased safety, accuracy, and efficiency, automated overhead crane system have many competitive benefits: 1. Slashed production costs and labor costs 2. Lower capital expenses compared to forklift systems 3. Lower overall equipment costs 4. Ability to track inventory 5. Optimized storage space 6. Decreased product damage 7. Less maintenance 8. Reduced downtime Complexity and Integration Challenges to restraint the Automated Overhead Cranes Market Growth Integrating automated overhead cranes with existing manufacturing or warehouse systems is complex and time-consuming. Businesses face challenges in ensuring seamless compatibility and data exchange between different automated components, leading to delays and additional expenses. The implementation of automated overhead cranes involves substantial upfront costs, including the purchase of sophisticated equipment, integration with existing systems, and training of personnel. For some businesses, this high initial investment is a significant barrier to adoption and is expected to restraints the Automated Overhead Cranes Market growth. The increasing adoption of automation in industries has raised concerns about potential job displacement. As automated overhead cranes replace some manual labor tasks, there is resistance from labor unions and certain stakeholders, which will slow down market growth in some regions and restraint the Automated Overhead Cranes industry growth. Opportunity in the Automated Overhead Cranes Market: The growing trend of offering automated overhead cranes on a rental basis is expected to create new opportunities for the Global Automated Overhead Cranes Market during the forecast period. The demand for rental basis crane service is very high in APAC countries thanks to the growing manufacturing and metal & steel sector in emerging countries. Developing the construction sector in road making, shopping mall construction, industrial construction, and others in emerging countries will create immense opportunities for the global automated overhead cranes industry during the forecast period.Automated Overhead Cranes Market Segment Analysis
Based on Lifting Capacity, the market is segmented into Below 10 Tons, 10 Tons to 50 Tons, 50 Tons to 100 Tons, 100 Tons to 500 Tons, and Above 500 Tons. 50 Tons to 100 Tons segment is expected to dominate the market over the forecast period. The 50 Ton to 100 Ton lifting capacity range is well-suited for heavy industries such as steel manufacturing, metal fabrication, and heavy machinery production. These industries require cranes that handle large and heavy loads with precision and efficiency, making the automated overhead cranes in this segment highly sought after and is expected to boost the Automated Overhead Cranes Market. The adoption of automated overhead cranes in the 50 Ton to 100 Ton range offers significant improvements in efficiency and productivity. Automated cranes handle heavy loads quickly, accurately, and consistently, reducing production downtime and optimizing material handling processes. Based on Mode of Operation, the market is segmented into Semi-Automated and Fully-Automated. The fully-Automated segment dominated the market in 2022 and is expected to hold the largest Automated Overhead Cranes Market share over the forecast period. Fully-automated cranes operate continuously and at high speeds, resulting in improved productivity and reduced downtime. They handle repetitive tasks without fatigue or human errors, leading to consistent and reliable performance, and increasing the Automated Overhead Cranes Market penetration. Fully-automated overhead cranes find applications in a wide range of industries, including automotive manufacturing, aerospace, logistics, steel mills, and more. Their versatility makes them suitable for various material handling needs. With fully-automated cranes, businesses significantly reduce their reliance on manual labor for material handling tasks. This leads to cost savings in labor expenses and allows companies to reallocate human resources to other value-added activities. Based on Product, the market is segmented into Single Girder Cranes, Double Girder Cranes, Box Girder Cranes, Truss Girder Crane, I-beam Crane, Straddle Crane, and Others. The Double Girder Crane segment is expected to dominate the market over the forecast period. Double Girder Cranes are designed to handle heavy loads, making them suitable for industries with substantial material handling requirements. Their robust construction and two-girder design provide increased lifting capacity compared to single-girder cranes. The presence of two girders in the Double Girder Crane design enhances its stability and structural strength. This increased stability allows for smooth and precise material handling, even with heavier loads. Industries with heavy-duty material handling needs, such as steel mills, foundries, shipbuilding, and aerospace, often rely on Double Girder Cranes to handle their large and heavy loads, and is expected to boost the Automated Overhead Cranes industry.Automated Overhead Cranes Market by Product
Industrial Growth and Modernization in North America to boost the Automated Overhead Cranes Market Growth North America dominated the market in 2022 and is expected to hold the largest Automated Overhead Cranes market share over the forecast period. The region's industrial growth and modernization efforts have driven the demand for advanced material-handling equipment, including automated overhead cranes. With the rapid growth of e-commerce, there has been an increased demand for advanced warehousing and logistics solutions. Automated overhead cranes play a vital role in optimizing warehouse operations and meeting the growing demand for efficient order fulfillment. The oil and gas sector in North America contributes to the demand for automated overhead cranes, particularly in offshore drilling operations and petrochemical plants and helps to increase the Automated Overhead Cranes industry share. North American governments have been promoting the adoption of automation in industries to drive economic growth and competitiveness. Financial incentives, grants, and tax benefits have encouraged businesses to invest in automation technologies, which is expected to boost the North America Automated Overhead Cranes Market growth.
Automated Overhead Cranes Market Regional Insight
Sales value of Overhead Travelling Cranes manufactured in US in, Mn in 2018-2022
Growing manufacturing sectors in Asia Pacific to dominate the Automated Overhead Cranes Market over the forecast period The region's robust manufacturing sector, includes industries like automotive, electronics, steel, and heavy machinery, has been a key driver for the adoption of automated overhead cranes in the region. These cranes are essential for handling heavy and bulky materials in manufacturing facilities. The region is witnessing continuous advancements in automation technologies, robotics, AI, and IoT. These innovations have resulted in more sophisticated and efficient automated overhead crane solutions, attracting businesses looking to improve their material handling processes. The power generation and energy sectors in the Asia Pacific contribute to the demand for automated overhead cranes, especially for handling heavy equipment and components in power plants. Automated Overhead Cranes Market Competitive Landscape Competition in the market has driven companies to focus on continuous product innovation. Key players invest in research and development to develop advanced and more efficient automated overhead cranes that cater to specific industry needs. Automated Overhead Cranes manufacturers in the market are constantly incorporating new technologies, such as robotics, IoT, AI, and automation, into their crane systems to enhance their capabilities and offer value-added features. Konecranes announced the launch of new automated overhead crane, the K-RC500. The crane is designed for high-speed and high-precision lifting applications, and it features a number of new innovations, including a self-diagnostic system and a wireless remote control. In July 2021, three new cranes were installed by Hoj Innovations in the facility — two on the new runway and one on an existing runway. Schultz said that the overhead cranes travel in narrow aisles or corridors and move in multiple directions. This enables efficient movement of materials through spaces that are too small for floor-based movers, such as forklifts. Hoj Innovations also provided operator training and after-sales support as part of the three-crane project.
Automated Overhead Cranes Market Report Scope: Inquire Before Buying
Global Automated Overhead Cranes Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 1.97 Bn. Forecast Period 2023 to 2029 CAGR: 6.5% Market Size in 2029: US $ 3.06 Bn. Segments Covered: by Lifting Capacity Below 10 Tons 10 Tons to 50 Tons 50 Tons to 100 Tons 100 Tons to 500 Tons Above 500 Tons by Mode of Operation Semi-Automated Fully-Automated by Product Single Girder Crane Double Girder Crane Box Girder Crane Truss Girder Crane I-beam Crane Straddle Crane Others by End-User Industry Manufacturing Automotive Aerospace & Defense Logistics & Transportation Construction Mining & Metals Energy & Power Food & Beverage Pharmaceutical Automated Overhead Cranes Market by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina, Columbia and Rest of South America)Automated Overhead Cranes key players
1. Engineered Lifting Systems 2. Tri-State Overhead Crane 3. American Equipment 4. Zenar Crane 5. MAGNUM Automation Inc. 6. TMEIC 7. Konecranes 8. YT Crane Machinery Co. 9. American Crane & Equipment Corporation 10. Automatic Handling 11. Demag Cranes and Components Corp. 12. Pelloby Premier Cranes. 13. ACE World Companies 14. Gorbel, Inc. 15. Crane Equipment & Service 16. Kundel Industries Inc. 17. Givens Lifting Systems Inc. 18. Motivation Industrial Equipment 19. PWIFrequently Asked Questions:
1] What is the growth rate of the Global Automated Overhead Cranes Market? Ans. The Global Automated Overhead Cranes Market is growing at a significant rate of 6.5% over the forecast period. 2] Which region is expected to dominate the Global Automated Overhead Cranes Market? Ans. North America region is expected to dominate the Automated Overhead Cranes Market over the forecast period. 3] What is the expected Global Automated Overhead Cranes Market size by 2029? Ans. The market size of the Automated Overhead Cranes Market is expected to reach USD 3.06 Bn by 2029. 4] Who are the top players in the Global Automated Overhead Cranes Industry? Ans. The major key players in the Global Automated Overhead Cranes Market are Engineered Lifting Systems, Tri-State Overhead Crane, American Equipment, and Zenar Crane. 5] Which factors are expected to drive the Global Automated Overhead Cranes Market growth by 2029? Ans. Increasing demand for material handling automation is expected to drive the Automated Overhead Cranes Market growth over the forecast period (2023-2029).
1. Automated Overhead Cranes Market: Research Methodology 2. Automated Overhead Cranes Market: Executive Summary 3. Automated Overhead Cranes Market: Competitive Landscape 3.1. MMR Competition Matrix 3.2. Competitive Landscape 3.3. Key Players Benchmarking 3.4. Market Structure 3.4.1. Market Leaders 3.4.2. Market Followers 3.4.3. Emerging Players 3.5. Consolidation of the Market 4. Automated Overhead Cranes Market: Dynamics 4.1. Market Trends by Region 4.1.1. North America 4.1.2. Europe 4.1.3. Asia Pacific 4.1.4. Middle East and Africa 4.1.5. South America 4.2. Market Drivers by Region 4.2.1. North America 4.2.2. Europe 4.2.3. Asia Pacific 4.2.4. Middle East and Africa 4.2.5. South America 4.3. Market Restraints 4.4. Market Opportunities 4.5. Market Challenges 4.6. PORTER’s Five Forces Analysis 4.7. PESTLE Analysis 4.8. Value Chain Analysis 4.9. Regulatory Landscape by Region 4.9.1. North America 4.9.2. Europe 4.9.3. Asia Pacific 4.9.4. Middle East and Africa 4.9.5. South America 5. Automated Overhead Cranes Market Size and Forecast by Segments (by Value USD and Volume Units) 5.1. Automated Overhead Cranes Market Size and Forecast, by Lifting Capacity (2022-2029) 5.1.1. Below 10 Tons 5.1.2. 10 Tons to 50 Tons 5.1.3. 50 Tons to 100 Tons 5.1.4. 100 Tons to 500 Tons 5.1.5. Above 500 Tons 5.2. Automated Overhead Cranes Market Size and Forecast, by Mode Of Operation (2022-2029) 5.2.1. Semi-Automated 5.2.2. Fully-Automated 5.3. Automated Overhead Cranes Market Size and Forecast, by Product (2022-2029) 5.3.1. Single Girder Crane 5.3.2. Double Girder Crane 5.3.3. Box Girder Crane 5.3.4. Truss Girder Crane 5.3.5. I-beam Crane 5.3.6. Straddle Crane 5.3.7. Others 5.4. Automated Overhead Cranes Market Size and Forecast, by End-User industry (2022-2029) 5.4.1. Manufacturing 5.4.2. Automotive 5.4.3. Aerospace & Defense 5.4.4. Logistics & Transportation 5.4.5. Construction 5.4.6. Mining & Metals 5.4.7. Energy & Power 5.4.8. Food & Beverage 5.4.9. Pharmaceutical 5.5. Automated Overhead Cranes Market Size and Forecast, by Region (2022-2029) 5.5.1. North America 5.5.2. Europe 5.5.3. Asia Pacific 5.5.4. Middle East and Africa 5.5.5. South America 6. North America Automated Overhead Cranes Market Size and Forecast (by Value USD and Volume Units ) 6.1. North America Automated Overhead Cranes Market Size and Forecast, by Lifting Capacity (2022-2029) 6.1.1. Below 10 Tons 6.1.2. 10 Tons to 50 Tons 6.1.3. 50 Tons to 100 Tons 6.1.4. 100 Tons to 500 Tons 6.1.5. Above 500 Tons 6.2. North America Automated Overhead Cranes Market Size and Forecast, by Mode Of Operation (2022-2029) 6.2.1. Semi-Automated 6.2.2. Fully-Automated 6.3. North America Automated Overhead Cranes Market Size and Forecast, by Product (2022-2029) 6.3.1. Single Girder Crane 6.3.2. Double Girder Crane 6.3.3. Box Girder Crane 6.3.4. Truss Girder Crane 6.3.5. I-beam Crane 6.3.6. Straddle Crane 6.3.7. Others 6.4. North America Automated Overhead Cranes Market Size and Forecast, by End-User industry (2022-2029) 6.4.1. Manufacturing 6.4.2. Automotive 6.4.3. Aerospace & Defense 6.4.4. Logistics & Transportation 6.4.5. Construction 6.4.6. Mining & Metals 6.4.7. Energy & Power 6.4.8. Food & Beverage 6.4.9. Pharmaceutical 6.5. North America Automated Overhead Cranes Market Size and Forecast, by Country (2022-2029) 6.5.1. United States 6.5.2. Canada 6.5.3. Mexico 7. Europe Automated Overhead Cranes Market Size and Forecast (by Value USD and Volume Units ) 7.1. Europe Automated Overhead Cranes Market Size and Forecast, by Lifting Capacity (2022-2029) 7.1.1. Below 10 Tons 7.1.2. 10 Tons to 50 Tons 7.1.3. 50 Tons to 100 Tons 7.1.4. 100 Tons to 500 Tons 7.1.5. Above 500 Tons 7.2. Europe Automated Overhead Cranes Market Size and Forecast, by Mode Of Operation (2022-2029) 7.2.1. Semi-Automated 7.2.2. Fully-Automated 7.3. Europe Automated Overhead Cranes Market Size and Forecast, by Product (2022-2029) 7.3.1. Single Girder Crane 7.3.2. Double Girder Crane 7.3.3. Box Girder Crane 7.3.4. Truss Girder Crane 7.3.5. I-beam Crane 7.3.6. Straddle Crane 7.3.7. Others 7.4. Europe Automated Overhead Cranes Market Size and Forecast, by End-User industry (2022-2029) 7.4.1. Manufacturing 7.4.2. Automotive 7.4.3. Aerospace & Defense 7.4.4. Logistics & Transportation 7.4.5. Construction 7.4.6. Mining & Metals 7.4.7. Energy & Power 7.4.8. Food & Beverage 7.4.9. Pharmaceutical 7.5. Europe Automated Overhead Cranes Market Size and Forecast, by Country (2022-2029) 7.5.1. UK 7.5.2. France 7.5.3. Germany 7.5.4. Italy 7.5.5. Spain 7.5.6. Sweden 7.5.7. Austria 7.5.8. Rest of Europe 8. Asia Pacific Automated Overhead Cranes Market Size and Forecast (by Value USD and Volume Units) 8.1. Asia Pacific Automated Overhead Cranes Market Size and Forecast, by Lifting Capacity (2022-2029) 8.1.1. Below 10 Tons 8.1.2. 10 Tons to 50 Tons 8.1.3. 50 Tons to 100 Tons 8.1.4. 100 Tons to 500 Tons 8.1.5. Above 500 Tons 8.2. Asia Pacific Automated Overhead Cranes Market Size and Forecast, by Mode Of Operation (2022-2029) 8.2.1. Semi-Automated 8.2.2. Fully-Automated 8.3. Asia Pacific Automated Overhead Cranes Market Size and Forecast, by Product (2022-2029) 8.3.1. Single Girder Crane 8.3.2. Double Girder Crane 8.3.3. Box Girder Crane 8.3.4. Truss Girder Crane 8.3.5. I-beam Crane 8.3.6. Straddle Crane 8.3.7. Others 8.4. Asia Pacific Automated Overhead Cranes Market Size and Forecast, by End-User industry (2022-2029) 8.4.1. Manufacturing 8.4.2. Automotive 8.4.3. Aerospace & Defense 8.4.4. Logistics & Transportation 8.4.5. Construction 8.4.6. Mining & Metals 8.4.7. Energy & Power 8.4.8. Food & Beverage 8.4.9. Pharmaceutical 8.5. Asia Pacific Automated Overhead Cranes Market Size and Forecast, by Country (2022-2029) 8.5.1. China 8.5.2. S Korea 8.5.3. Japan 8.5.4. India 8.5.5. Australia 8.5.6. Indonesia 8.5.7. Malaysia 8.5.8. Vietnam 8.5.9. Taiwan 8.5.10. Bangladesh 8.5.11. Pakistan 8.5.12. Rest of Asia Pacific 9. Middle East and Africa Automated Overhead Cranes Market Size and Forecast (by Value USD and Volume Units ) 9.1. Middle East and Africa Automated Overhead Cranes Market Size and Forecast, by Lifting Capacity (2022-2029) 9.1.1. Below 10 Tons 9.1.2. 10 Tons to 50 Tons 9.1.3. 50 Tons to 100 Tons 9.1.4. 100 Tons to 500 Tons 9.1.5. Above 500 Tons 9.2. Middle East and Africa Automated Overhead Cranes Market Size and Forecast, by Mode Of Operation (2022-2029) 9.2.1. Semi-Automated 9.2.2. Fully-Automated 9.3. Middle East and Africa Automated Overhead Cranes Market Size and Forecast, by Product (2022-2029) 9.3.1. Single Girder Crane 9.3.2. Double Girder Crane 9.3.3. Box Girder Crane 9.3.4. Truss Girder Crane 9.3.5. I-beam Crane 9.3.6. Straddle Crane 9.3.7. Others 9.4. Middle East and Africa Automated Overhead Cranes Market Size and Forecast, by End-User industry (2022-2029) 9.4.1. Manufacturing 9.4.2. Automotive 9.4.3. Aerospace & Defense 9.4.4. Logistics & Transportation 9.4.5. Construction 9.4.6. Mining & Metals 9.4.7. Energy & Power 9.4.8. Food & Beverage 9.4.9. Pharmaceutical 9.5. Middle East and Africa Automated Overhead Cranes Market Size and Forecast, by Country (2022-2029) 9.5.1. South Africa 9.5.2. GCC 9.5.3. Egypt 9.5.4. Nigeria 9.5.5. Rest of ME&A 10. South America Automated Overhead Cranes Market Size and Forecast (by Value USD and Volume Units ) 10.1. South America Automated Overhead Cranes Market Size and Forecast, by Lifting Capacity (2022-2029) 10.1.1. Below 10 Tons 10.1.2. 10 Tons to 50 Tons 10.1.3. 50 Tons to 100 Tons 10.1.4. 100 Tons to 500 Tons 10.1.5. Above 500 Tons 10.2. South America Automated Overhead Cranes Market Size and Forecast, by Mode Of Operation (2022-2029) 10.2.1. Semi-Automated 10.2.2. Fully-Automated 10.3. South America Automated Overhead Cranes Market Size and Forecast, by Product (2022-2029) 10.3.1. Single Girder Crane 10.3.2. Double Girder Crane 10.3.3. Box Girder Crane 10.3.4. Truss Girder Crane 10.3.5. I-beam Crane 10.3.6. Straddle Crane 10.3.7. Others 10.4. South America Automated Overhead Cranes Market Size and Forecast, by End-User industry (2022-2029) 10.4.1. Manufacturing 10.4.2. Automotive 10.4.3. Aerospace & Defense 10.4.4. Logistics & Transportation 10.4.5. Construction 10.4.6. Mining & Metals 10.4.7. Energy & Power 10.4.8. Food & Beverage 10.4.9. Pharmaceutical 10.5. South America Automated Overhead Cranes Market Size and Forecast, by Country (2022-2029) 10.5.1. Brazil 10.5.2. Argentina 10.5.3. Rest of South America 11. Company Profile: Key players 11.1. Engineered Lifting Systems 11.1.1. Company Overview 11.1.2. Financial Overview 11.1.3. Business Portfolio 11.1.4. SWOT Analysis 11.1.5. Business Strategy 11.1.6. Recent Developments 11.2. Tri-State Overhead Crane 11.3. American Equipment 11.4. Zenar Crane 11.5. MAGNUM Automation Inc. 11.6. TMEIC 11.7. Konecranes 11.8. YT Crane Machinery Co. 11.9. American Crane & Equipment Corporation 11.10. Automatic Handling 11.11. Demag Cranes and Components Corp. 11.12. Pelloby Premier Cranes. 11.13. ACE World Companies 11.14. Gorbel, Inc. 11.15. Crane Equipment & Service 11.16. Kundel Industries Inc. 11.17. Givens Lifting Systems Inc. 11.18. Motivation Industrial Equipment 11.19. PWI 12. Key Findings 13. Industry Recommendation