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

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

Overhead Travelling Cranes, which is widely used and has the largest number of hoisting machinery, is a lifting equipment for lifting materials across workshops, warehouses and stockyards. Its two ends are located on tall concrete columns or metal supports, and its shape is like a bridge. The bridge frame of bridge crane runs longitudinally along the tracks laid on elevated sides, which can make full use of the space below the bridge frame to lift materials without being hindered by ground equipment. This report studies the global Overhead Travelling Cranes market.

Market Overview:

The latest research study on the global Overhead Travelling Cranes market finds that the global Overhead Travelling Cranes market reached a value of USD 13035.53 million in 2022. It’s expected that the market will achieve USD 15984.48 million by 2028, exhibiting a CAGR of 3.46% during the forecast period.

Advantages of overhead travelling cranes

Overhead traveling cranes can improve production efficiency
Overhead travelling 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 travelling cranes to automate the lifting, handling and unloading of materials in their factories, thus simplifying their processes and procedures. Overhead traveling cranes can improve production efficiency, which will promote the growth of overhead traveling cranes demand.

Security of overhead traveling cranes

Another advantage of installing overhead travelling cranes in manufacturing, assembly or storage facilities. Overhead travelling 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 travelling cranes ensure the safety of workers' work and reduce the extra expenses of enterprises. Security of overhead traveling cranes will promote the growth of overhead traveling cranes demand.

The demand of downstream industries

Overhead travelling cranes is an important tool and equipment to realize mechanization and automation of production process in modern industrial production and lifting transportation. Bridge crane is a machine or equipment, which can lift and move heavy objects from one position to another in an accurate way to meet the material handling needs of enterprises. Therefore, overhead travelling cranes are widely used in indoor and outdoor industrial and mining enterprises, iron and steel chemical industry, railway transportation, ports and terminals, logistics turnover and other departments and places. With the rapid development of manufacturing and industry and the increasing international trade activities, the demand of downstream industries for overhead traveling cranes will continue to increase, thus promoting the development of overhead traveling cranes industry.

Region Overview:

From 2023-2028, China is estimated to witness robust growth prospects.

Company Overview:

ZPMC is one of the major players operating in the Overhead Travelling Cranes market, holding a share of 15.87% in 2023.

ZPMC

ZPMC is a well-known enterprise in heavy equipment manufacturing industry. The company's predecessor was Gongmao Shipyard, which was established in 1885, and was officially renamed Zhenhua Heavy Industry in 2009.

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.

Segmentation Overview:

By type, Conventional Top Running Overhead Cranes segment accounted for the largest share of market in 2022.

Conventional Top Running Overhead Cranes

Conventional top running overhead cranes install a fixed track or track system at the top of each runway beam, allowing end trucks to transport bridge and hoist along the top of the runway system. Top running cranes can be configured in single girder or double girder bridge design. Single girder bridge uses suspended trolley and crane, while double girder design usually uses top running trolley and crane. Common applications: assembly and machinery workshops, storage facilities.

Under-Slung Overhead Cranes

Under-Slung Overhead Cranes can move or carry goods in a short time, thus saving a lot of manpower and time. Under-Slung Overhead Cranes are widely used in medium-sized workshops, warehouses and factories. The opposite of top running systems, the crane ‘hangs’ below the runway, usually specified to maximize headroom.

Freestanding Gantry Systems

Freestanding Gantry Systems does not need to be tied to the supporting structure of the building, so it does not need permanent runway beams and supporting columns. In some cases, compared with other overhead travelling cranes of similar specifications, this can significantly reduce the material cost and is a more cost-effective solution.

Application Overview:

By application, the Factory & Plant segment occupied the biggest share from 2018 to 2022.
Factory & Plant
Factory & Plant, also known as manufacturing plant or production plant, is an industrial place, usually composed of several buildings full of machines, where workers manufacture products or operate machines to process each product into another. Most goods in the world are manufactured or processed in factories. Overhead Travelling Cranes can help transport commodities and improve the production efficiency of factories.

Production Line

Production line refers to the route that a product goes through in the production process, that is, the route consisting of a series of production line activities such as processing, transportation, assembly and inspection from the beginning of raw materials entering the production site. Overhead travelling cranes can help transport raw materials to designated places, then transport processed products, and so on.

Warehouse

Warehouse is a general term for buildings and places where goods are kept and stored. There are a large number of goods stored in the warehouse, so it is necessary to use overhead travelling cranes to transport the goods to designated places.

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

Henan Mine
GH Crane & Components
Eilbeck Cranes
Jinrui
Konecranes
Niko
Liebherr
ZPMC
ABUS
Gorbel
KITO GROUP
Weihua

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

Conventional Top Running Overhead Cranes
Under-Slung Overhead Cranes
Freestanding Gantry Systems
Others

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

Factory & Plant
Production Line
Warehouse
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)