Competitive Analysis:Global overhead travelling cranes market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of overhead travelling cranes market for global, Europe, North America, Asia Pacific and South America.
This report contains a prologue to build up the methodology by fighting amidst adversaries and give better associations with the clients. The Overhead Travelling Cranes Market report intends to give a critical outline of the business relating to present and future patterns.
Major Market Competitors: ABUS Kransysteme GmbH, Cargotec Corporation, Columbus McKinnon Corporation, EMH, Inc, GORBEL INC., KITO CORPORATION, Konecranes, Sumitomo Heavy Industries, Ltd., Weihua Group, FURUKAWA UNIC CORPORATION, XCMG Group, ZPMC, Eilbeck Cranes, Terex Corporation.
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Global Overhead Travelling Cranes Market is expected to rise from its initial estimated value of USD 4,518.41 million in 2018 to an estimated value of USD 6,065.84 million by 2026, registering a CAGR of 3.75% in the forecast period of 2019-2026. Increasing demand for safety in workplace is the major factor for the growth of this market.
Key Developments in the Market:
- In November 2018, Columbus McKinnon Corporation announced the launch of their‘AS7 electric wire rope hoist’ to its hoist product portfolio. It is a cost- effective solution for users, crane manufacturers and system manufacturers. It also has great lifting height, fast hoisting speed and has load capacity upto 135 tons.
- In January 2018, Konecranes announced the launch of their new Konecranes CXT UNO which is specially designed for general manufacturing, metal working and for repair facilities. Due to its low headroom and compact hoist it allows the big building to be built smaller which saves money and increases productivity. The main aim of it is to provide customer an affordable crane which will provide good quality work.
Market Definition: Global Overhead Travelling Cranes Market
Overhead crane which is also known as bridge crane is usually used to carry or lift heavy objects from one place to another. They are used in manufacturing or maintenance applications. Overhead cranes are very efficient and cost effective method. Each overhead crane is designed as per the need and requirement of the industry.
- Increasing demand for safety in workplace is driving the market
- Increasing government investment in infrastructure development is driving the market
- Lack of trained and skilled professional is restraining the market
- High installation cost is restraining the market
Table of Contents
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. Global, By Component
7. Product Type
9. Industry Type
10.2. North America
10.5. South America
10.6. Middle East & Africa
11. Company Landscape
12. Company Profiles
13. Related Reports
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Segmentation: Global Overhead Travelling Cranes Market
- By Solution
- Bridge Crane
- Gantry Crane
- By End- User
- Metal & Mining
- By Types
- Single-girder overhead cranes
- Double-girder overhead cranes
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
- North America
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