Global overhead crane market is anticipated to grow at a CAGR of 5.5% during the forecast period (2024-2031). A major factor supporting the market growth is the increasing advancements in automation and control technology to bolster investments in new products and integrate them into the overhead crane market. There have been major technological breakthroughs in overhead cranes. Overhead cranes can work faster and more accurately because of advanced technologies including automated positioning systems, variable-speed motors, and automation. This results in less time spent on labor and overall production expenses due to more effective material handling. By reducing the possibility of accidents and injuries with overhead cranes, innovations like sway control, overload prevention, and collision avoidance systems have increased worker safety. For instance, in February 2024, Morris Material Handling, a crane company operating in southern Africa, that supplies and manufactures equipment for industrial applications, providing electric overhead traveling cranes, wire rope hoists, jib cranes, chain hoists, and accessories through its service division Crane Aid, erected and commissioned a pair of double-girder bridge overhead cranes for a business operating primarily in South Africa that supplies high-quality iron ore to the steel industry. The cranes will be used to assist in the maintenance of heavy mining vehicles.
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In July 2023, Sarens developed an adaptable gantry overhead crane system for lifting monopiles for offshore wind farms. This innovative system, designed in collaboration with EEW Special Pipe Constructions GmbH, is capable of handling monopiles weighing between 375 and 1,900 tonnes and with lengths ranging from 23 to 85 meters. The system features two gantries that can lift loads of up to 1,900 tons, with a height of 24 meters and a width of 25 meters. These gantries are equipped with 650-ton strand jacks connected to a spreader bar, allowing them to handle monopiles of various diameters.
Crane performance and health may now be observed in real-time because of the advancements in remote monitoring. Predictive maintenance is made feasible by this, which finds potential issues before they cause serious harm. Additionally, it reduces the requirement for human inspections, which raises general safety and lowers maintenance costs.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Type
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Columbus McKinnon Corporation, Cargotec Corporation, Mitsubishi Heavy Industries, Ltd., Konecranes, and Terex Corporation, among others.
Key questions addressed by the report.
Global Overhead Crane Market Report Segment
By Type
By Product
Global Overhead Crane Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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