Global Overhead Cranes Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Overhead Cranes Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Overhead cranes are lifting equipment that traverse materials in the steel plants, steel warehouse, steel processing facilities, etc. Because its two ends are located on tall cement columns or metal brackets, they are shaped like bridges. The end girder of the overhead crane runs longitudinally along the rails laid on the elevated sides of the overhead crane, which can make full use of the space under the main girder to lift the materials without being obstructed by the ground equipment. It is the most widely used and largest number of lifting appliances. In this report, the overhead cranes used in the metal field is studied.

Market Overview:

The latest research study on the global Overhead Cranes market finds that the global Overhead Cranes market reached a value of USD 797.35 million in 2022. It’s expected that the market will achieve USD 1035.12 million by 2028, exhibiting a CAGR of 4.45% during the forecast period.

The production and sales of Overhead Cranes are affected by Covid-19

In order to curb the COVID-19 epidemic, most countries have introduced many policies, including border blockade and social distancing. The epidemic prevention and control measures will affect the flow of people and activities, and in turn affect logistics, making the production of manufacturing, affected by the supply of raw materials and labor shortages.
For the Overhead Cranes industry, the blockade policy will affect the supply of raw materials and export trade of products. The social distancing policy may have a great impact on the production of products, especially for some factories, they will spend more money to maintain production during the epidemic, and factories may face the risk of closure in some areas. With the gradual control of the epidemic, some factories began to resume operation. However, while operating production, enterprises need to protect the life and health of employees, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after the production, and testing the body temperature of employees every day to ensure the health of employees. These measures will increase the production cost of enterprises and affect the development of enterprises.
But in the long term, the COVID-19 outbreak may cause more factories to start using more automated production lines to avoid the pandemic's impact on the industry. In addition, the application of IoT technology may also bring more opportunities for industry participants.

Impact of Russia and Ukraine War

Russia is the second largest natural gas producer and the third largest oil producer. The EU is particularly dependent on Russian energy; Now it is preparing to implement the oil embargo step by step. With countries banning or cutting Russian energy imports, sanctioning Russian companies, facing Russia's demand to pay in rubles and looking for alternative sources, a historic reorganization is sweeping the global oil and gas trade.
Although it has declined since the peak of the war, the energy price is still higher than the level at the beginning of the year and before the war began. These higher energy prices, in turn, have led to a reduction in the output of energy-intensive products in the EU, such as aluminum, zinc, steel, ceramics, concrete, bricks, glass, asphalt, paper and fertilizer-especially large natural gas consumers, who have also been hit by last year's soaring prices. This will not only hinder the production of these specific products, but also hinder the downstream production of these commodities as inputs. The Russian-Ukrainian war will strongly affect the steel industry. Fluctuation of downstream steel industry demand will affect Overhead Cranes industry. In addition, the sharp rise in energy prices will increase the production cost of Overhead Cranes manufacturers, posing certain challenges to enterprises.

APACAdvantages of Overhead Cranes

Overhead cranes can improve production efficiency
Overhead Cranes are more efficient than using a group of workers or traction motors to lift and move materials, and the working speed can be increased by 2-3 times. Manufacturers, factories or warehouses introduce Overhead Cranes to automate the lifting, handling and unloading of materials in their factories, thus simplifying their processes and procedures. Overhead cranes can improve production efficiency, which will promote the growth of overhead cranes demand.
Security of overhead cranes
Another advantage of installing Overhead Cranes in manufacturing or storage facilities. Overhead Cranes can be used to lift and move materials in extreme environments, and can handle corrosive or dangerous materials, such as molten iron, chemicals and heavy objects. Workstations or cantilever cranes can be placed to help workers move heavy objects in a controlled manner and reduce repeated sports injuries and muscle strain. Overhead Cranes ensure the safety of workers' work and reduce the extra expenses of enterprises. Security of overhead cranes will promote the growth of overhead cranes demand.

The equipment maintenance cost is relatively high

Overhead Cranes drive wheel and cart reducer run frequently. Repeated reverse emergency stop and stop will cause the torque and vibration of each shaft of reducer to increase, which is easy to cause leakage. After this kind of problem occurs, the traditional methods are mainly repair welding or machining repair after brush plating, but both of them have certain disadvantages: the thermal stress caused by high temperature of repair welding cannot be completely eliminated, and it is easy to bend or break; However, brush plating is limited by coating thickness, which is easy to peel off. The above two methods repair metal with metal, which cannot change the matching relationship of hard to hard. Under the comprehensive action of various forces, it will still cause re-wear. The increase of equipment maintenance cost will affect the development of Overhead Cranes industry.

Region Overview:

Geographically, APAC held the largest market share – 56.93% in 2022.

Company Overview:

Weihua is one of the major players operating in the Overhead Cranes market, holding a share of 13.67% in 2023.

Weihua

Weihua Group was founded in 1988. After more than 30 years' development, it is a large-scale enterprise group focusing on the development of bridges, gantry cranes, port machinery, electric hoist, speed reducer, mining machinery, parking equipment, special robots and other products.

Demag Cranes

Demag is one of the world’s leading brands for powerful industrial cranes, crane components and innovative industrial drive solutions. Demag is represented worldwide by subsidiaries and local partners with many years of experience. More than 800,000 tried and tested Demag cranes and hoists ensure smooth and efficient processes around the globe. From single workplaces for small workshops to complete intralogistics solutions for industrial enterprises.

Segmentation Overview:

As for product types, the Manually Operated Cranes segment held the largest market share in 2022.

Automated or Robotic Crane Systems

Automated or Robot Cranes can perform tasks autonomously or be controlled remotely by humans.

Manually Operated Cranes

Manually Operated Crane is kind of material handling with the human power to hoist objects and loads. Manually Operated Cranes mainly work though link chain to save labor effectively.

Application Overview:

The market's largest segment by application is the segment Steel Plants, with a market share of 39.45% in 2022.

Key Companies in the global Overhead Cranes market covered in Chapter 3:

Demag Cranes
GH Crane & Components
ABUS
Weihua
Henan Mine
Konecranes
Gorbel
Henan Shengqi
K2 Cranes
Engineered Material Handling Inc.
KITO GROUP
Omis Spa
Sumitomo Heavy Industries Ltd.
Uesco Cranes

In Chapter 4 and Chapter 14.2, on the basis of types, the Overhead Cranes market from 2018 to 2029 is primarily split into:

Automated or Robotic Crane Systems
Manually Operated Cranes

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Overhead Cranes market from 2018 to 2029 covers:

Steel Plants
Steel Warehouses
Steel Processing Facilities
Aluminum
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)