Electric Overhead Travelling Crane Market to Gain a Stronghold by 2031
Global industry analysis
The electric overhead travelling crane market is a thriving industry offering a wide range of products and services worldwide. Electric overhead cranes are used in a variety of industries, from manufacturing to warehousing, and provide an efficient way to lift, move and transport heavy loads.
An Electric Overhead Traveling Crane is a crane with numerous girder or single girder legs, a fixed or mobile hoisting mechanism, which moves on a stationary structure in which almost all or most of its functions are driven by electric motors. Electric overhead cranes are commonly used to move items in power plants, assembly lines, production halls, construction sites and related industries. The design of these cranes depends on the type of motion, type of load, weight, etc.
Overhead Electric Transportation Top Traveling Double Girder Bridge Crane, Top Traveling Single Girder Bridge Crane and Traveling Single Girder Bridge Crane are three basic categories of cranes. They can also be classified as gantry cranes, monorails, single girder cranes and double girder cranes. As the saying goes ‘Bridge the gap between the two worlds’ ‘Bridge the gap between the gap the gap between the of and a and a bridge a bridge of gir and bridge of girder of girders of gantry Electric cranes Several bridges anchored to rails or runways trolley.
Monorail cranes only have trolley hoists and do not require bridge girders to support them. Monorail electric cranes are commonly used in production service lines and assembly lines. Electric overhead traveling cranes are mainly used in the mining industry, steel manufacturing industry, iron smelting, automobile manufacturing, port operation and construction industries. Electrical Overhead Traveling Cranes are of great importance in ports and shipyards for container handling.
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Electric Overhead Traveling Crane Market : Dynamics
Increasing migration of population to cities leads to demand for new housing and demand for efficient transport facilities, which in the long run has led to significant increase in infrastructure projects and increased demand in electric overhead crane market. Rising construction projects across the globe are expected to drive the electric overhead crane market in the coming years.
Growing wind energy projects around the world require electric overhead traveling (EOT) cranes for installation, creating tremendous opportunities both offshore and onshore. The use of EOTs in heavy industries such as metallurgy, engineering equipment as well as automobiles to lift and move heavy weight loads from one point to another has been another prominent end use for EOT cranes due to their efficient load bearing and maneuvering capabilities. The product has also witnessed significant use in inland ports and other maritime logistics applications.
Improving global economic conditions have boosted the demand for bridges, resulting in increased investments in infrastructure projects driving the crane market. Double Girder bridge cranes are trending these days because they can lift relatively heavy loads over longer spans. Its robust construction makes it useful in extreme conditions such as lifting molten melt. However, cost and installation complexity have hampered the market for electric overhead traveling cranes to some extent. Moreover, the use of mobile cranes is preferred because new cranes are costly, which is a significant factor hindering the market for electric overhead traveling cranes.
Electric Overhead Traveling Crane Market : Segmentation
Crane Market, By Type |
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Market by composition |
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Crane Market by Application |
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Electric Overhead Traveling Crane Market : Regional Outlook
Asia Pacific is the dominant region and will continue to see potential growth in Electric Overhead mobile cranes due to infrastructure development activities in Southeast Asia. Developing countries China and India are major contributors due to growth in the public and private sectors, along with residential and commercial sectors. Additionally, developments in offshore oil and gas sectors in India and China will boost demand for cranes. The Middle East and Africa are expected to see promising growth in electric overhead mobile cranes, owing to an increasing number of government projects to build overpasses and dams.
Electric Overhead Traveling Crane Market : Key Players
- Harrington Hoist Inc.
- Columbus McKinnon Corporation
- bus crane
- K2 Crane
- Huesco Crane
- kone crane
- mammoth
- Hitachi Sumitomo Heavy Industries Construction Crane Co., Ltd.
- Terex Inc.
- Liebherr Group
- Altec Industry
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