Gantry Crane Market is anticipated to reach US$ 913.33 Mn by 2029 from US$ 742.62 Mn in 2022 at a CAGR of 3% during a forecast period.Gantry Crane Market Overview:
construction activity has grown in recent years, owing to rising commercialization and urbanization in regions. This bodes favorably for the market for gantry cranes. Infrastructure developments such as ports, harbors, and commercial complexes are increasing in key regions. During the coronavirus pandemic, demand faced a huge setback, with infrastructure projects halting for most of 2022. Construction businesses were forced to halt production due to mandatory social distance regulations, resulting in a restricted adoption of gantry cranes. Fortunately, when lockdowns relaxed in the second half, growth predictions recovered, returning to pre-pandemic levels.To know about the Research Methodology:- Request Free Sample Report
Gantry Crane Market Dynamics:
The development of infrastructure is critical for both developed and developing countries. Citizens and companies are affected by infrastructure development. Building infrastructure contributes to GDP growth through enhancing output, competition, and collaboration. The global construction industry is likely to see the introduction of many long-overdue infrastructure upgrading efforts, which are expected to boost the energy and construction sectors in the future years. Deteriorating infrastructure in wealthy countries and the building of new infrastructure in developing countries are projected to drive high demand for gantry cranes. Gantry cranes are commonly employed in shipyards and ports for lifting extremely massive goods. The shipbuilding industry manufactures vessels for the merchant fleet, the offshore industry, and the military, and it is linked to other important sectors such as transportation, research, security, and the environment, and it plays an important role in regional industrial infrastructure and national security interests. Various governments all over the world are substantially investing in the growth of this industry. As a result, the growth of the shipyard/shipbuilding sector is expected to fuel the growth of the gantry crane market over the forecast period. However, gantry cranes have size and lifting capacity restrictions, which are anticipated to hinder market growth to some extent.Technological advancements and the growth of end-use industries:
Connected technologies have already entered the material handling equipment market, with the emergence of IoT-enabled and GPS-powered cranes in recent years. Higher fuel efficiency, smarter operations, and reduced ownership costs are significant advantages that have increased the efficacy of smart gantry cranes during the forecast period. The Internet of Things is having a significant impact on the gantry crane market since it helps to reduce maintenance and repair costs by allowing the equipment to self-detect the essential defects for repair. The focus of technology is mostly on software and data analytics, with a strong emphasis on eliminating human involvement with machines. Crane manufacturers are attempting to integrate information technology into machine control circuits and to use a two-way communication system to guarantee that the operator receives notifications in the event of a defect or emergency during operation. A streamlined supply chain and significant penetration in regional markets are likely to be significant drivers of growth during the projected period. Thus the gantry crane market is expected to exhibit an upward/positive trend during the forecast period. Surging Construction Industry in Leading Countries Driving the Market Growth: The construction industry's strong growth is expected to benefit gantry cranes substantially. The worldwide construction sector is expected to rise by 85% by 2029, according to research published by Global Construction Perspectives and Oxford Economics. China, the United States, and India are predicted to lead the way, accounting for 43 % growth.Gantry Crane Market Segmentation Analysis:
By Type, the portable gantry crane segment is expected to grow at the largest CAGR of nearly xx% during the forecast period. Portable gantry cranes are very popular in the construction industry since they can be readily disassembled, loaded, and transferred to a different place. It's ideal for moving small concrete blocks, steel girders, and timber. The portable gantry cranes landscape is dotted by the presence of various regional businesses, particularly from emerging markets. Aditya Cranes Pvt. Ltd., a well-known Indian market, manufactures portable gantry cranes for warehouse and small workshop applications. By End Use, the construction segment is estimated to reach USD xx billion by 2029, growing at a CAGR of 4.1 % between 2022 and 2029. Rapid urbanization has resulted in an increase in numerous infrastructure projects across the world, ranging from residential buildings to enormous public constructions like offices, airports, seaports, motorways, and train networks. As a result, demand for modern gantry cranes has grown at a rapid pace.Gantry Crane Market Regional Analysis:
The United States is expected to have promising growth opportunities due to its large number of residential and non-residential construction projects. The construction industry was valued at US$ 1.3 trillion in 2022, according to the US Census Bureau, with average expenditures of US$ 1.04 trillion. The private sector spent $977 billion on construction, compared to $329 billion by the government. As a result, major firms are investing in cutting-edge construction equipment and increasing the usage of gantry cranes to help them run more efficiently. The construction industry in India is expected to become the world's third-largest by 2029, according to Invest India, with annual output expected to increase by more than 7%. By 2022, the industry is expected to be worth $5 billion. All of these data reflect a growing need for effective approaches for enhancing public and private infrastructure investment. As construction activity has increased, gantry cranes have become increasingly common, leading several regional and international manufacturers to grow their presence in the country.Competitive Landscape:
Major manufacturers use a variety of techniques, including new product launches, mergers and acquisitions, and foraying into new markets to grow their footprints. As an example, In May 2022, JASO Industrial Cranes worked with Arcelor Mittal France to develop an innovative scrap loading crane with a maximum load capacity of 300 tones and a span of 24.4 meters for their Dunkerque factory. TNT Crane & Rigging and Allison Crane & Rigging merged in July 2022, allowing the firm to serve a significantly bigger client base, expand into new areas, and attract new clients. Liebherr-International AG doubled the capacity of its current plant in Newport News, Virginia, in October 2022. For the nine various product divisions that belong under Liebherr USA, Co., the new facility may boost the company's potential for extended courses and in-house training, production, equipment preparation, product support, and parts distribution. The objective of the report is to present a comprehensive analysis of the Global Gantry Crane Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global Gantry CraneMarket dynamics, structure by analyzing the market segments and project the Global Gantry Crane Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Gantry Crane Market make the report investor’s guide.Gantry Crane Market Scope: Inquire before buying
Gantry Crane Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US$ 742.62 Mn. Forecast Period 2023 to 2029 CAGR: 3% Market Size in 2029: US$ 913.33 Mn. Segments Covered: by End-Use • Automotive • Metal & Mining • Construction • Warehouses • Utility • Shipyards & Ports by Type • Full Gantry Crane • Semi Gantry Crane • Truss Gantry Crane • Portable Gantry Crane Gantry Crane 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)Gantry Crane Market Key Players are:
• JASO Industrial Cranes • Aicrane Machinery Group • Doosan Heavy Industries Vietnam Co • Mi-Jack Products, Inc • Mammoet Holding B.V • TNT Crane & Rigging • Shanghai Zhenhua Heavy Industries Co., Ltd • Konecranes Oyj • Sany Group • Liebherr • Spanco • Gorbel • EMH • AceCo • Demag • Vestil Frequently Asked Questions: 1. Which region has the largest share in Global Gantry Crane Market? Ans: United States held the highest share in 2022. 2. What is the growth rate of Global Gantry Crane Market? Ans: The Global Gantry Crane Market is growing at a CAGR of 3% during forecasting period 2023-2029. 3. What is scope of the Global Gantry Crane Market report? Ans: Global Gantry Crane 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 Gantry Crane Market? Ans: The important key players in the Global Gantry Crane Market are – JASO Industrial Cranes, Aicrane Machinery Group, Doosan Heavy Industries Vietnam Co, Mi-Jack Products, Inc, Mammoet Holding B.V, TNT Crane & Rigging, Shanghai Zhenhua Heavy Industries Co., Ltd, Konecranes Oyj, Sany Group, Liebherr, Spanco, Gorbel, EMH, AceCo, Demag, and Vestil. 5. What is the study period of this Market? Ans: The Global Gantry Crane Market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Gantry Crane Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2019 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Gantry Crane Market 3.4. Geographical Snapshot of the Gantry Crane Market, By Manufacturer share 4. Global Gantry Crane Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Gantry Crane Market 5. Supply Side and Demand Side Indicators 6. Global Gantry Crane Market Analysis and Forecast, 2022-2029 6.1. Global Gantry Crane Market Size & Y-o-Y Growth Analysis. 7. Global Gantry Crane Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 7.1.1. Full Gantry Crane 7.1.2. Semi Gantry Crane 7.1.3. Truss Gantry Crane 7.1.4. Portable Gantry Crane 7.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 7.2.1. Automotive 7.2.2. Metal & Mining 7.2.3. Construction 7.2.4. Warehouses 7.2.5. Utility 7.2.6. Shipyards & Ports 8. Global Gantry Crane Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Gantry Crane Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 9.1.1. Full Gantry Crane 9.1.2. Semi Gantry Crane 9.1.3. Truss Gantry Crane 9.1.4. Portable Gantry Crane 9.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 9.2.1. Automotive 9.2.2. Metal & Mining 9.2.3. Construction 9.2.4. Warehouses 9.2.5. Utility 9.2.6. Shipyards & Ports 10. North America Gantry Crane Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Gantry Crane Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 12. Canada Gantry Crane Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 13. Mexico Gantry Crane Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 14. Europe Gantry Crane Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 15. Europe Gantry Crane Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Gantry Crane Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 17. France Gantry Crane Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 18. Germany Gantry Crane Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 19. Italy Gantry Crane Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 20. Spain Gantry Crane Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 21. Sweden Gantry Crane Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 22. CIS Countries Gantry Crane Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 23. Rest of Europe Gantry Crane Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 24. Asia Pacific Gantry Crane Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 25. Asia Pacific Gantry Crane Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Gantry Crane Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 27. India Gantry Crane Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 28. Japan Gantry Crane Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 29. South Korea Gantry Crane Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 30. Australia Gantry Crane Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 31. ASEAN Gantry Crane Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 32. Rest of Asia Pacific Gantry Crane Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 33. Middle East Africa Gantry Crane Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 34. Middle East Africa Gantry Crane Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Gantry Crane Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 36. GCC Countries Gantry Crane Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 37. Egypt Gantry Crane Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 38. Nigeria Gantry Crane Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 39. Rest of ME&A Gantry Crane Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 40. South America Gantry Crane Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 41. South America Gantry Crane Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Gantry Crane Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 43. Argentina Gantry Crane Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 44. Rest of South America Gantry Crane Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Gantry Crane Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Applications 45.2.3.2. M&A Key Players, Forward Integration and Backward Integration 45.3. Company Profile : Key Players 45.3.1. Sany Group 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.4. JASO Industrial Cranes 45.5. Aicrane Machinery Group 45.6. Doosan Heavy Industries Vietnam Co 45.7. Mi-Jack Products, Inc 45.8. Mammoet Holding B.V 45.9. TNT Crane & Rigging 45.10. Shanghai Zhenhua Heavy Industries Co., Ltd 45.11. Konecranes Oyj 45.12. Sany Group 45.13. Liebherr 45.14. Spanco 45.15. Gorbel 45.16. EMH 45.17. AceCo 45.18. Demag 45.19. Vestil 46. Primary Key Insights