Overhead Crane Manufacturing in the US - Industry Market Research Report

Overhead Crane Manufacturing in the US - Industry Market Research Report

Overhead Crane Manufacturing in the US

The Overhead Crane Manufacturing industry has experienced substantial volatility. Companies design and manufacture overhead cranes, gantry cranes, straddle carriers, crane monorail systems and related parts and components. This equipment is primarily used in industrial and transportation operations, like shipyards, steel plants, ports, container hubs and distribution centers. Industry revenue increased as US manufacturing and freight volumes improved. However, downstream demand faltered as industrial markets slowed amid the COVID-19 pandemic. Ultimately, industry revenue has been growing at an average annualized 0.8% over the past five years and is expected to total $1.4 billion in 2023, when revenue is projected to slip an estimated 1.4%.

This industry manufactures overhead cranes, gantry cranes and bridge cranes. Overhead cranes include a hook-and-line mechanism that runs along a horizontal beam, which runs along two widely separated rails.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.