Market Overview:
The global overhead traveling cranes market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for overhead traveling cranes in various industries, such as the automobile industry, metal smelting industry, paper industry, and others. In terms of type, the single-girder overhead traveling crane segment is expected to dominate the global market during the forecast period. However, in terms of CAGR, the double-girder overhead traveling crane segment is projected to grow at a higher rate than that of single-girder overheads travelling cranes during 2018–2030.
Product Definition:
An overhead traveling crane (OTC) is a type of crane that consists of a hoist mechanism and one or more bridge-like beams, or "girders", which are supported by trusses, legs, or towers. The hoist mechanism may be either electric or diesel powered.
Single-girder Overhead Traveling Cranes:
Single-girder overhead traveling cranes are used for construction activities at a high altitude. These machines have the ability to travel over rail tracks and perform tasks such as loading materials, moving heavy objects, and building structures.
The global single-girder overhead traveling cranes market size was valued at USD 592.6 million in 2016.
Double-girder Overhead Traveling Cranes:
Double-girder overhead traveling cranes are used in construction projects to lift heavy loads and unloading materials from one place to another. These cranes have the ability to carry out both vertical and horizontal movements, which increases its application in different types of construction activities.
The global double-girder overhead traveling crane market size was valued at USD 1.6 billion in 2016.
Application Insights:
Automobile industry was the largest application segment in 2016, accounting for a market share of more than 45%. The growth can be attributed to increasing production of automobiles across the globe. Automobiles require numerous components and various types of steel, aluminum and other metals for their manufacturing. Thus, rising demand from automobile manufacturers is expected to drive the global overhead traveling cranes market over the forecast period.
The metal smelting industry is estimated to be one of the fastest-growing industries owing to increasing demand for industrial metals including copper, zinc and lead.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing construction activities, mainly in China and India. In addition, Asia Pacific has been witnessing a rapid expansion of industries such as automotive, metal manufacturing, paper making etc., which will drive the demand for heavy machinery including overhead traveling cranes.
The growing construction industry coupled with rapidly expanding metal manufacturing industry in China and India is anticipated to augment product demand over the forecast period. Furthermore, rising investments by various companies for establishing their production facilities in countries such as Indonesia are expected to further propel market growth during the forecast period. For instance; In June 2018; Hyundai Motor Company invested USD X billion for constructing a new automobile production plant in Indonesia that will start operations from 2019 coupled with plans of shifting more production plants from Korea & Taiwan to this factory location in future’s developmental roadmap).
Growth Factors:
- Increasing demand for overhead traveling cranes in the construction and manufacturing industries due to the growing need for lifting and moving heavy objects.
- Rising investment in infrastructure development projects across the globe, which is expected to lead to an increase in demand for overhead traveling cranes.
- Growing popularity of automated systems that help improve efficiency and safety, which is likely to boost the growth of the overhead traveling crane market over the forecast period.
- Technological advancements in crane design and controls that are helping manufacturers offer more efficient and safer products, thereby driving market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Overhead Traveling Cranes Market Research Report
By Type
Single-girder Overhead Traveling Cranes, Double-girder Overhead Traveling Cranes
By Application
Automobile Industry, Metal Smelting Industry, Paper Industry, Other
By Companies
STAHL CraneSystems, ADC Fayat Group, Carl Stahl, Fezer, Conductix-Wampfler, Demag Cranes & Components, FAMUR, Fom Industrie, GIS AG, Henan Hengyuan Crane Machinery, Henan Perfect Handling Equipment, Henan Weihua Heavy Machinery, J.D. Neuhaus, KITO, Monti Engineering, Makkon Crane, Nucleon (Xinxiang) Crane, R.P. CRANES & HOIST, RB3D, Schmalz, Shin-Heung Machine, Verlinde, VULCAN Cranes
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Overhead Traveling Cranes Market Report Segments:
The global Overhead Traveling Cranes market is segmented on the basis of:
Types
Single-girder Overhead Traveling Cranes, Double-girder Overhead Traveling Cranes
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automobile Industry, Metal Smelting Industry, Paper Industry, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- STAHL CraneSystems
- ADC Fayat Group
- Carl Stahl
- Fezer
- Conductix-Wampfler
- Demag Cranes & Components
- FAMUR
- Fom Industrie
- GIS AG
- Henan Hengyuan Crane Machinery
- Henan Perfect Handling Equipment
- Henan Weihua Heavy Machinery
- J.D. Neuhaus
- KITO
- Monti Engineering
- Makkon Crane
- Nucleon (Xinxiang) Crane
- R.P. CRANES & HOIST
- RB3D
- Schmalz
- Shin-Heung Machine
- Verlinde
- VULCAN Cranes
Highlights of The Overhead Traveling Cranes Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single-girder Overhead Traveling Cranes
- Double-girder Overhead Traveling Cranes
- By Application:
- Automobile Industry
- Metal Smelting Industry
- Paper Industry
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Overhead Traveling Cranes Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Overhead traveling cranes are large, tall machines that move materials by suspending them from a beam. They are used in industries such as construction, manufacturing, and agriculture.
Some of the major players in the overhead traveling cranes market are STAHL CraneSystems, ADC Fayat Group, Carl Stahl, Fezer, Conductix-Wampfler, Demag Cranes & Components, FAMUR, Fom Industrie, GIS AG, Henan Hengyuan Crane Machinery, Henan Perfect Handling Equipment, Henan Weihua Heavy Machinery, J.D. Neuhaus, KITO, Monti Engineering, Makkon Crane, Nucleon (Xinxiang) Crane, R.P. CRANES & HOIST, RB3D, Schmalz, Shin-Heung Machine, Verlinde, VULCAN Cranes.
The overhead traveling cranes market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Overhead Traveling Cranes Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Overhead Traveling Cranes Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Overhead Traveling Cranes Market - Supply Chain
4.5. Global Overhead Traveling Cranes Market Forecast
4.5.1. Overhead Traveling Cranes Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Overhead Traveling Cranes Market Size (000 Units) and Y-o-Y Growth
4.5.3. Overhead Traveling Cranes Market Absolute $ Opportunity
5. Global Overhead Traveling Cranes Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Overhead Traveling Cranes Market Size and Volume Forecast by Type
5.3.1. Single-girder Overhead Traveling Cranes
5.3.2. Double-girder Overhead Traveling Cranes
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Overhead Traveling Cranes Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Overhead Traveling Cranes Market Size and Volume Forecast by Application
6.3.1. Automobile Industry
6.3.2. Metal Smelting Industry
6.3.3. Paper Industry
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Overhead Traveling Cranes Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Overhead Traveling Cranes Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Overhead Traveling Cranes Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Overhead Traveling Cranes Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Overhead Traveling Cranes Demand Share Forecast, 2019-2026
9. North America Overhead Traveling Cranes Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Overhead Traveling Cranes Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Overhead Traveling Cranes Market Size and Volume Forecast by Application
9.4.1. Automobile Industry
9.4.2. Metal Smelting Industry
9.4.3. Paper Industry
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Overhead Traveling Cranes Market Size and Volume Forecast by Type
9.7.1. Single-girder Overhead Traveling Cranes
9.7.2. Double-girder Overhead Traveling Cranes
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Overhead Traveling Cranes Demand Share Forecast, 2019-2026
10. Latin America Overhead Traveling Cranes Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Overhead Traveling Cranes Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Overhead Traveling Cranes Market Size and Volume Forecast by Application
10.4.1. Automobile Industry
10.4.2. Metal Smelting Industry
10.4.3. Paper Industry
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Overhead Traveling Cranes Market Size and Volume Forecast by Type
10.7.1. Single-girder Overhead Traveling Cranes
10.7.2. Double-girder Overhead Traveling Cranes
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Overhead Traveling Cranes Demand Share Forecast, 2019-2026
11. Europe Overhead Traveling Cranes Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Overhead Traveling Cranes Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Overhead Traveling Cranes Market Size and Volume Forecast by Application
11.4.1. Automobile Industry
11.4.2. Metal Smelting Industry
11.4.3. Paper Industry
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Overhead Traveling Cranes Market Size and Volume Forecast by Type
11.7.1. Single-girder Overhead Traveling Cranes
11.7.2. Double-girder Overhead Traveling Cranes
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Overhead Traveling Cranes Demand Share, 2019-2026
12. Asia Pacific Overhead Traveling Cranes Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Overhead Traveling Cranes Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Overhead Traveling Cranes Market Size and Volume Forecast by Application
12.4.1. Automobile Industry
12.4.2. Metal Smelting Industry
12.4.3. Paper Industry
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Overhead Traveling Cranes Market Size and Volume Forecast by Type
12.7.1. Single-girder Overhead Traveling Cranes
12.7.2. Double-girder Overhead Traveling Cranes
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Overhead Traveling Cranes Demand Share, 2019-2026
13. Middle East & Africa Overhead Traveling Cranes Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Overhead Traveling Cranes Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Overhead Traveling Cranes Market Size and Volume Forecast by Application
13.4.1. Automobile Industry
13.4.2. Metal Smelting Industry
13.4.3. Paper Industry
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Overhead Traveling Cranes Market Size and Volume Forecast by Type
13.7.1. Single-girder Overhead Traveling Cranes
13.7.2. Double-girder Overhead Traveling Cranes
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Overhead Traveling Cranes Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Overhead Traveling Cranes Market: Market Share Analysis
14.2. Overhead Traveling Cranes Distributors and Customers
14.3. Overhead Traveling Cranes Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. STAHL CraneSystems
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ADC Fayat Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Carl Stahl
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Fezer
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Conductix-Wampfler
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Demag Cranes & Components
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. FAMUR
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Fom Industrie
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. GIS AG
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Henan Hengyuan Crane Machinery
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Henan Perfect Handling Equipment
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Henan Weihua Heavy Machinery
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. J.D. Neuhaus
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. KITO
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Monti Engineering
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Makkon Crane
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Nucleon (Xinxiang) Crane
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. R.P. CRANES & HOIST
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. RB3D
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Schmalz
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
