Asia-Pacific Overhead Cranes Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Gantry Crane, Bridge Crane, Jib Crane, Monorail Crane, and Others), Installation (Mobile Crane and Fixed Crane), Operation Type (Electric, Hydraulic, and Hybrid), and Verticals (Logistics, Automotive, Marine, and Others)
The Asia-Pacific overhead cranes market is expected to grow from US$ 1,954.34 million in 2022 to US$ 3,140.21 million by 2028. It is estimated to grow at a CAGR of 8.2% from 2022 to 2028.
Technological Advancements in Overhead Crane in Asia-Pacific Overhead Cranes Market
The introduction of innovations and advancements in crane technology is rising in industries. Industries are adopting new overhead cranes that are modular, adaptable, and intelligent. Some manufacturers added smart technologies such as sway control technology to their overhead cranes to predict an error or problem and convey that information to the operator to avoid any major risk. This technology became a standard for industries to improve safety and reduce downtime. To predict a natural pendulum effect, a sway control technology is introduced to predict the start of a swing motion without any intervention by the operator. It helps save delicate and sensitive objects while lifting or moving. Innovation in cranes includes optimized pulley rope angles that help reduce wear on the rope. With smart technology, the operator gets a constant report on the rope's condition, mentioning repair and replacement recommendations. Cranes are designed compactly to work in the compact area and result in high precision of the task. They are designed to be energy efficient. Thus, technological advancements in overhead cranes will act as a trend in the overhead cranes market in the future.
Asia-Pacific Overhead Cranes Market Overview
Based on country, the Asia Pacific (APAC) overhead cranes market is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC. The rising government initiatives across APAC countries, including China and India, to promote their manufacturing industry for overall economic development are expected to propel the demand for overhead cranes from the manufacturing plants. The automotive manufacturing industry in India is localizing production and establishing strong distribution channels for domestic and international distribution of their products. Moreover, in March 2022, Triton announced its intentions to set up a manufacturing unit for electric vehicles in Gujarat, India. These factors are driving the demand for material and finished product handling equipment across the factories, thereby contributing to the need for overhead cranes.
Asia-Pacific Overhead cranes market Revenue and Forecast to 2028 (US$ Million)
Asia-Pacific Overhead cranes market Segmentation
The Asia-Pacific overhead cranes market is segmented on the basis of type, installation, operation type, end-user industry, and country. Based on type, the market is segmented into bridge crane, gantry crane, monorail crane, jib crane, and others. The gantry crane segment registered the largest market share in 2022.
Based on installation, the Asia-Pacific market is bifurcated into mobile crane and fixed crane. The fixed crane segment registered a larger market share in 2022.
Based on operation type, the Asia-Pacific overhead cranes market is segmented into hydraulic, electric, and hybrid. The electric segment registered the largest market share in 2022.
Based on verticals, the Asia-Pacific overhead cranes market is segmented into automotive, logistics, utilities, marine, and others. The logistics segment registered the largest market share in 2022.
Based on country, the Asia-Pacific overhead cranes market is segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia-Pacific. China dominated the market share in 2022.
ABUS Kransysteme GmbH, Cargotec Corp, Demag Cranes & Components GmbH, Gorbel Inc, Konecranes Plc, Liebherr-International Deutschland GmbH, and Sumitomo Heavy Industries Ltd are the leading companies operating in the Asia-Pacific overhead cranes market.
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Scrutinize in-depth Asia-Pacific market trends and outlook coupled with the factors driving the overhead cranes market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
- 1. Introduction
- 1.1 Study Scope
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 1.3.1 Asia-Pacific Overhead Cranes Market – By Type
- 1.3.2 Asia-Pacific Overhead Cranes Market – By Installation
- 1.3.3 Asia-Pacific Overhead Cranes Market – By Operation Type
- 1.3.4 Asia-Pacific Overhead Cranes Market – By Verticals
- 1.3.5 Asia-Pacific Overhead Cranes Market- By Country
- 2. Key Takeaways
- 3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
- 4. Asia-Pacific Overhead Cranes Market Landscape
- 4.1 Market Overview
- 4.2 Asia-Pacific PEST Analysis
- 4.3 Ecosystem Analysis
- 4.4 Expert Opinion
- 5. Asia-Pacific Overhead Cranes Market – Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Increasing Investments in Manufacturing Sector
- 5.1.2 Growing Need for Workplace Safety in Industrial Applications
- 5.2 Market Restraints
- 5.2.1 Fluctuations in Prices of Steel
- 5.3 Market Opportunities
- 5.3.1 Growing using and Distribution Centers
- 5.4 Future Trends
- 5.4.1 Technological Advancements in Overhead Crane
- 5.5 Impact Analysis of Drivers and Restraints
- 6. Overhead Cranes Market – Asia-Pacific Analysis
- 6.1 Asia-Pacific Overhead Cranes Market Overview
- 6.2 Asia-Pacific Overhead Cranes Market – Revenue and Forecast to 2028 (US$ Million)
- 7. Asia-Pacific Overhead Cranes Market Analysis – By Type
- 7.1 Overview
- 7.2 Asia-Pacific Overhead Cranes Market, By Type (2021 and 2028)
- 7.3 Gantry Crane
- 7.3.1 Overview
- 7.3.2 Gantry Crane: Overhead Cranes Market – Revenue, and Forecast to 2028 (US$ Million)
- 7.4 Bridge Crane
- 7.4.1 Overview
- 7.4.2 Bridge Crane: Overhead Cranes Market – Revenue, and Forecast to 2028 (US$ Million)
- 7.5 Jib Crane
- 7.5.1 Overview
- 7.5.2 Jib Crane: Overhead Cranes Market – Revenue, and Forecast to 2028 (US$ Million)
- 7.6 Monorail Crane
- 7.6.1 Overview
- 7.6.2 Monorail Crane: Overhead Cranes Market – Revenue, and Forecast to 2028 (US$ Million)
- 7.7 Others
- 7.7.1 Overview
- 7.7.2 Others: Overhead Cranes Market – Revenue, and Forecast to 2028 (US$ Million)
- 8. Asia-Pacific Overhead Cranes Market Analysis – By Installation
- 8.1 Overview
- 8.2 Asia-Pacific Overhead Cranes Market, By Installation (2021 and 2028)
- 8.3 Fixed Crane
- 8.3.1 Overview
- 8.3.2 Fixed Crane: Overhead Cranes Market- Revenue and Forecast to 2028 (US$ Million)
- 8.4 Mobile Crane
- 8.4.1 Overview
- 8.4.2 Mobile Crane: Overhead Cranes Market- Revenue and Forecast to 2028 (US$ Million)
- 9. Asia-Pacific Overhead Cranes Market Analysis – By Operation Type
- 9.1 Overview
- 9.2 Asia-Pacific Overhead Cranes Market Breakdown, By Operation Type, 2021 & 2028
- 9.3 Electric
- 9.3.1 Overview
- 9.3.2 Electric Market Revenue and Forecast to 2028 (US$ Million)
- 9.4 Hydraulic
- 9.4.1 Overview
- 9.4.2 Hydraulic Market Revenue and Forecast to 2028 (US$ Million)
- 9.5 Hybrid
- 9.5.1 Overview
- 9.5.2 Hybrid Market Revenue and Forecast to 2028 (US$ Million)
- 10. Asia-Pacific Overhead Cranes Market Analysis – By Verticals
- 10.1 Overview
- 10.2 Asia-Pacific Overhead Cranes Market Breakdown, By Verticals, 2021 & 2028
- 10.3 Logistics
- 10.3.1 Overview
- 10.3.2 Logistics Market Revenue and Forecast to 2028 (US$ Million)
- 10.4 Automotive
- 10.4.1 Overview
- 10.4.2 Automotive Market Revenue and Forecast to 2028 (US$ Million)
- 10.5 Marine
- 10.5.1 Overview
- 10.5.2 Marine Market Revenue and Forecast to 2028 (US$ Million)
- 10.6 Others
- 10.6.1 Overview
- 10.6.2 Others Market Revenue and Forecast to 2028 (US$ Million)
- 11. Asia-Pacific Overhead Cranes Market – Country Analysis
- 11.1 Overview
- 11.1.1 Asia Pacific Overhead Cranes Market Breakdown, by Country
- 11.1.1.1 China Overhead Cranes Market, Revenue and Forecast to 2028
- 11.1.1.1.1 China Overhead Cranes Market Breakdown, By Type
- 11.1.1.1.2 China Overhead Cranes Market Breakdown, By Installation
- 11.1.1.1.3 China Overhead Cranes Market Breakdown, By Operation Type
- 11.1.1.1.4 China Overhead Cranes Market Breakdown, By Verticals
- 11.1.1.2 Japan Overhead Cranes Market, Revenue and Forecast to 2028
- 11.1.1.2.1 Japan Overhead Cranes Market Breakdown, By Type
- 11.1.1.2.2 Japan Overhead Cranes Market Breakdown, By Installation
- 11.1.1.2.3 Japan Overhead Cranes Market Breakdown, By Operation Type
- 11.1.1.2.4 Japan Overhead Cranes Market Breakdown, By Verticals
- 11.1.1.3 India Overhead Cranes Market, Revenue and Forecast to 2028
- 11.1.1.3.1 India Overhead Cranes Market Breakdown, By Type
- 11.1.1.3.2 India Overhead Cranes Market Breakdown, By Installation
- 11.1.1.3.3 India Overhead Cranes Market Breakdown, By Operation Type
- 11.1.1.3.4 India Overhead Cranes Market Breakdown, By Verticals
- 11.1.1.4 South Korea Overhead Cranes Market, Revenue and Forecast to 2028
- 11.1.1.4.1 South Korea Overhead Cranes Market Breakdown, By Type
- 11.1.1.4.2 South Korea Overhead Cranes Market Breakdown, By Installation
- 11.1.1.4.3 South Korea Overhead Cranes Market Breakdown, By Operation Type
- 11.1.1.4.4 South Korea Overhead Cranes Market Breakdown, By Verticals
- 11.1.1.5 Australia Overhead Cranes Market, Revenue and Forecast to 2028
- 11.1.1.5.1 Australia Overhead Cranes Market Breakdown, By Type
- 11.1.1.5.2 Australia Overhead Cranes Market Breakdown, By Installation
- 11.1.1.5.3 Australia Overhead Cranes Market Breakdown, By Operation Type
- 11.1.1.5.4 Australia Overhead Cranes Market Breakdown, By Verticals
- 11.1.1.6 Rest of Asia Pacific Overhead Cranes Market, Revenue and Forecast to 2028
- 11.1.1.6.1 Rest of Asia Pacific Overhead Cranes Market Breakdown, By Type
- 11.1.1.6.2 Rest of Asia Pacific Overhead Cranes Market Breakdown, By Installation
- 11.1.1.6.3 Rest of Asia Pacific Overhead Cranes Market Breakdown, By Operation Type
- 11.1.1.6.4 Rest of Asia Pacific Overhead Cranes Market Breakdown, By Verticals
- 12. Industry Landscape
- 12.1 Overview
- 12.2 Market Initiative
- 12.3 New Product Development
- 12.4 Merger and Acquisition
- 13. Company Profiles
- 13.1 Sumitomo Heavy Industries Ltd
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
- 13.2 Liebherr-International Deutschland GmbH
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
- 13.3 Demag Cranes & Components GmbH
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
- 13.4 ABUS Kransysteme GmbH
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
- 13.5 Konecranes Plc
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
- 13.6 Gorbel Inc
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
- 13.7 Cargotec Corp
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
- 14. Appendix
- 14.1 About The Insight Partners
- 14.2 Word Index
- LIST OF TABLES
- Table 1. Asia-Pacific Overhead Cranes Market – Revenue and Forecast to 2028 (US$ Million)
- Table 2. Asia Pacific Overhead Cranes Market, Revenue and Forecast To 2028 – By Country (US$ Million)
- Table 3. China Overhead Cranes Market, Revenue and Forecast to 2028 – By Type (US$ Million)
- Table 4. China Overhead Cranes Market, Revenue and Forecast to 2028 – By Installation (US$ Million)
- Table 5. China Overhead Cranes Market, Revenue and Forecast to 2028 – By Operation Type (US$ Million)
- Table 6. China Overhead Cranes Market, Revenue and Forecast to 2028 – By Verticals (US$ Million)
- Table 7. Japan Overhead Cranes Market, Revenue and Forecast to 2028 – By Type (US$ Million)
- Table 8. Japan Overhead Cranes Market, Revenue and Forecast to 2028 – By Installation (US$ Million)
- Table 9. Japan Overhead Cranes Market, Revenue and Forecast to 2028 – By Operation Type (US$ Million)
- Table 10. Japan Overhead Cranes Market, Revenue and Forecast to 2028 – By Verticals (US$ Million)
- Table 11. India Overhead Cranes Market, Revenue and Forecast to 2028 – By Type (US$ Million)
- Table 12. India Overhead Cranes Market, Revenue and Forecast to 2028 – By Installation (US$ Million)
- Table 13. India Overhead Cranes Market, Revenue and Forecast to 2028 – By Operation Type (US$ Million)
- Table 14. India Overhead Cranes Market, Revenue and Forecast to 2028 – By Verticals (US$ Million)
- Table 15. South Korea Overhead Cranes Market, Revenue and Forecast to 2028 – By Type (US$ Million)
- Table 16. South Korea Overhead Cranes Market, Revenue and Forecast to 2028 – By Installation (US$ Million)
- Table 17. South Korea Overhead Cranes Market, Revenue and Forecast to 2028 – By Operation Type (US$ Million)
- Table 18. South Korea Overhead Cranes Market, Revenue and Forecast to 2028 – By Verticals (US$ Million)
- Table 19. Australia Overhead Cranes Market, Revenue and Forecast to 2028 – By Type (US$ Million)
- Table 20. Australia Overhead Cranes Market, Revenue and Forecast to 2028 – By Installation (US$ Million)
- Table 21. Australia Overhead Cranes Market, Revenue and Forecast to 2028 – By Operation Type (US$ Million)
- Table 22. Australia Overhead Cranes Market, Revenue and Forecast to 2028 – By Verticals (US$ Million)
- Table 23. Rest of Asia Pacific Overhead Cranes Market, Revenue and Forecast to 2028 – By Type (US$ Million)
- Table 24. Rest of Asia Pacific Overhead Cranes Market, Revenue and Forecast to 2028 – By Installation (US$ Million)
- Table 25. Rest of Asia Pacific Overhead Cranes Market, Revenue and Forecast to 2028 – By Operation Type (US$ Million)
- Table 26. Rest of Asia Pacific Overhead Cranes Market, Revenue and Forecast to 2028 – By Verticals (US$ Million)
- Table 27. List of Abbreviation
- LIST OF FIGURES
- Figure 1.Asia-Pacific Overhead Cranes Market Segmentation
- Figure 2.Asia-Pacific Overhead Cranes Market Segmentation – By Country
- Figure 3.Asia-Pacific Overhead Cranes Market Overview
- Figure 4.Asia-Pacific Overhead Cranes Market, by type
- Figure 5.Asia-Pacific Overhead Cranes Market, by Country
- Figure 6.Asia Pacific: PEST Analysis
- Figure 7.Expert Opinion
- Figure 8.Asia-Pacific Overhead Cranes Market Impact Analysis of Drivers and Restraints
- Figure 9.Asia-Pacific Overhead Cranes Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 10. Asia-Pacific Overhead Cranes Market Revenue Share, By Type (2021 and 2028)
- Figure 11. Gantry Crane: Asia-Pacific Overhead Cranes Market – Revenue, and Forecast to 2028 (US$ Million)
- Figure 12. Bridge Crane: Asia-Pacific Overhead Cranes Market – Revenue, and Forecast to 2028 (US$ Million)
- Figure 13. Jib Crane: Asia-Pacific Overhead Cranes Market – Revenue, and Forecast to 2028 (US$ Million)
- Figure 14. Monorail Crane: Asia-Pacific Overhead Cranes Market – Revenue, and Forecast to 2028 (US$ Million)
- Figure 15. Others: Asia-Pacific Overhead Cranes Market – Revenue, and Forecast to 2028 (US$ Million)
- Figure 16. Asia-Pacific Overhead Cranes Market Revenue Share, By Installation (2021 and 2028)
- Figure 17. Fixed Crane: Asia-Pacific Overhead Cranes Market- Revenue and Forecast to 2028 (US$ Million)
- Figure 18. Mobile Crane: Asia-Pacific Overhead Cranes Market- Revenue and Forecast to 2028 (US$ Million)
- Figure 19. Asia-Pacific Overhead Cranes Market Revenue Share, By Operation Type (2021 and 2028)
- Figure 20. Asia-Pacific Electric Market Revenue and Forecast to 2028 (US$ Million)
- Figure 21. Asia-Pacific Hydraulic Market Revenue and Forecast to 2028 (US$ Million)
- Figure 22. Asia-Pacific Hybrid Market Revenue and Forecast to 2028 (US$ Million)
- Figure 23. Asia-Pacific Overhead Cranes Market Revenue Share, By Verticals (2021 and 2028)
- Figure 24. Asia-Pacific Logistics Market Revenue and Forecast to 2028 (US$ Million)
- Figure 25. Asia-Pacific Automotive Market Revenue and Forecast to 2028 (US$ Million)
- Figure 26. Asia-Pacific Marine Market Revenue and Forecast to 2028 (US$ Million)
- Figure 27. Asia-Pacific Others Market Revenue and Forecast to 2028 (US$ Million)
- Figure 28. Asia Pacific: Overhead Cranes Market, by Key Country – Revenue (2021) (US$ Million)
- Figure 29. Asia Pacific Overhead Cranes Market Breakdown, by Country, 2021 & 2028 (%)
- Figure 30. China Overhead Cranes Market, Revenue and Forecast to 2028 (US$ Million)
- Figure 31. Japan Overhead Cranes Market, Revenue and Forecast to 2028 (US$ Million)
- Figure 32. India Overhead Cranes Market, Revenue and Forecast to 2028 (US$ Million)
- Figure 33. South Korea Overhead Cranes Market, Revenue and Forecast to 2028 (US$ Million)
- Figure 34. Australia Overhead Cranes Market, Revenue and Forecast to 2028 (US$ Million)
- Figure 35. Rest of Asia Pacific Overhead Cranes Market, Revenue and Forecast to 2028 (US$ Million)
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