the global Overhead Cranes market size is projected to reach USD 7.12 billion by 2029

Overhead Cranes Market Summary

Overhead Cranes is a type of crane found in industrial environments. An overhead crane consists of parallel runways with a traveling bridge spanning the gap. A hoist, the lifting component of a crane, travels along the bridge. If the bridge is rigidly supported on two or more legs running on a fixed rail at ground level, the crane is called a gantry crane (USA, ASME B30 series) or a goliath crane (UK, BS 466).

This report mainly covers the Bridge Crane product type.

According to the new market research report “Global Overhead Cranes Market Report 2023-2029”, published by GlobalInfoResearch, the global Overhead Cranes market size is projected to reach USD 7.12 billion by 2029, at a CAGR of 3.1% during the forecast period.

• Global Overhead Cranes MarketSize(US$ Million), 2018-2029

Source: GlobalInfoResearch, “Global Overhead Cranes Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029”.

Market Drivers:

D1: The rise in governmental investment for the development of infrastructural activities drives the growth of overhead cranes market. Under the ‘Industry 4.0’ plan, various players are adopting new digitization technologies in industrial spaces to enhance the output generated through industrial process. This has driven the demand for overhead cranes with electronic controls.

D2: Moreover, growing focus on workplace safety in industrial applications boost the growth of overhead cranes market. Overhead cranes are specialized equipment designed to lift and transfer bulky and heavy loads in industrial spaces. Inappropriate handling and lifting of such heavy goods can create risks for not only the object, which is lifted, but also the personnel working in the nearby space.

D3: In addition, overhead cranes also eliminate the need for forklifts which increases the working area in the factory. Such factors promote the demand for overhead cranes, which in turn drives the growth of the global overhead cranes industry.

• Global Overhead Cranes Top15Players Ranking and Market Share（Continually updated）

Source: GlobalInfoResearch, “Global Overhead Cranes Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029”.

According to GlobalInfoResearch Top Players Research Center, the global key manufacturers of Overhead Cranes include Konecranes, Kito Group, ABUS, Weihua, GH Crane & Components, Jinrui, Henan Mine, Deshazo, YuGong Crane, Gorbel, etc. In 2022, the global top 10 players had a share approximately 35.0% in terms of revenue.

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