Overhead crane market is anticipated to grow at a CAGR of 5.5% during the forecast period (2024-2031). An overhead crane is a machine that moves a load horizontally across the ceiling of a facility rather than down corridors or on the floor. Overhead cranes have significant lifting power for material transport. The market is driven by rising demand in end-user industries such as manufacturing, construction, and power generation. The market is also driven by the expansion of manufacturing industries.
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Overhead cranes are essential in developing economies as factories aim for higher production volumes to meet rising demands. They enable efficient material handling within production lines, accelerating production processes. Overhead cranes are cost-effective, requiring less manpower and lower long-term operational costs. They are also ideal for infrastructure development, such as roads, bridges, and power plants, where heavy construction materials are lifted and maneuvered. For instance, in November 2023, Konecranes was awarded a contract to upgrade the reactor hall overhead crane at Sweden’s Oskarshamn Nuclear Power Plant. This upgrade was crucial for servicing the reactor and managing the removal of spent fuel casks while adhering to strict regulatory standards. The contract involved engineering, manufacturing, delivery, and installation of modernization components including a new 165-ton trolley/hoist, over a two-year timeline.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Space Heater Market Report Segment
By Type
- Convection Heater
- Ceramic Heater
- Radiant and Infrared Heater
- Fan Heater
- Oil Filled Heater
By Application
- Commercial
- Residential
- Industrial
Global Space Heater Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global overhead crane market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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