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Published Wed, May 22nd 2019

Overhead Cranes Market Size Worth USD $5,767.5 million by 2025

The global overhead cranes market size is expected to reach $5,767.5 million by 2025, from $4,355.1 million in 2017, growing at a CAGR of 3.6% from 2018 to 2025. Overhead crane is machine used to lift heavy loads that is equipped with parallel runways with a traveling bridge and a hoist, and is operated manually.

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It is majorly used to carry out loading and unloading activities in various manufacturing and storage industries.   Overhead crane is a machine used to lift, displace, and move heavy & bulky loads in the industrial environment. It is equipped with parallel runways with a traveling bridge and a hoist. The lifting component of a crane mounted on a beam moves in multiple directions

The key factor that drives the growth of the global overhead cranes market is increase in government investment for infrastructure development. Moreover, minimized labor cost and reduced product damage have boosted the demand for overhead cranes in various industrial applications. Furthermore, various industries are investing in domestic manufacturing sector, which is anticipated to provide lucrative growth opportunities to small players in the market. In addition, overhead crane reduces the operational time and automated system used in overhead crane increases the precision of work, thereby increasing the demand for overhead cranes. However, lack of skilled operator and high lead time in supply chain are expected to hinder the market growth.

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The global overhead cranes market is segmented by solution, end user, and region. The solutions segment includes various products and services related to overhead cranes. The product segment is further divided into bridge cranes, gantry cranes, and others (goliath crane, monorail crane, and workstation crane). The bridge cranes include single girder bridge cranes and double girder bridge cranes. The service division is subsegmented into maintenance, repair, and other (inspection, design, and training). On the basis of end user, the market is categorized into automotive, metal & mining, paper, aerospace, utility, shipyards, and other (chemical, logistics, transportation, and food & beverage). Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2017, Asia-Pacific contributed the highest share in the overhead cranes market, and is anticipated to secure the leading position during the forecast period, owing to the presence of key manufacturing companies and significant investment in the manufacturing sector.

The key players analyzed in the report include ABUS Kransysteme GmbH, CARGOTEC, Columbus McKinnon Corporation, Engineered Material Handling Inc., GH Cranes & Components, Gorbel Cranes, KITO CORP., Konecranes Plc., Sumitomo Heavy Industries Ltd., and Weihua Group.

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KEY BENEFITS FOR STAKEHOLDERS

This report provides an extensive analysis of the current & emerging trends along with dynamics in the global Overhead Cranes market.

In-depth analysis is conducted by constructing market estimations for the key market segments between 2018 and 2025.

This report entails the detailed quantitative analysis of the current trends and future estimations, which assist to identify the prevailing market opportunities.

Overhead Cranes Market Key Segments:

By Solutions: Product, Bridge Crane, Gantry Crane, Others, Services, Maintenance, Repair, Other

By End User: Automotive, Metal and Mining, Paper, Utility, Aerospace, Shipyards, Others

By Geography: U.S., Canada, Mexico, Italy, Germany, Spain, Romania, China, Japan, India, Lamea, Latin America, Middle East, Africa.

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Table of content:

CHAPTER 1: INTRODUCTION

CHAPTER 2: EXECUTIVE SUMMARY

CHAPTER 3: MARKET OVERVIEW

CHAPTER 4: OVERHEAD CRANES MARKET, BY FILTER TYPE

CHAPTER 5: OVERHEAD CRANESMARKET, BY APPLICATION

CHAPTER 6: OVERHEAD CRANESMARKET, BY DISTRIBUTION CHANNEL

CHAPTER 7: OVERHEAD CRANES MARKET, BY REGION

CHAPTER 8: COMPANY PROFILES

Similar Related report:

Industrial Indoor Overhead Cranes Market Insights 2019, Global and Chinese Analysis and Forecast to 2024

More summary: https://www.bigmarketresearch.com/industrial-indoor-overhead-cranes-market-insights-2019-global-and-chinese-analysis-and-forecast-to-2024-market

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Big Market Research has a range of research reports from various publishers across the world. Our database of reports of various market categories and sub-categories would help to find the exact report you may be looking for.

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