NEW YORK, August 26, 2021 / PRNewswire / – According to a new research study on Automated Overhead Cranes Market Forecast to 2028 – COVID-19 Impact and Global Analysis – By Type, Automation Level, Industry, and Geography, the market is expected to hit $ 2928.59 million until 2028 1854 $ 10 million 2021; It is expected to grow at a CAGR of 6.7% over the forecast period from 2021 to 2028.
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The growing demand for omnichannel sales and supply chain strategies by retail stores to meet customer demand anytime, anywhere is increasing the number of warehouses and distribution centers worldwide. The constant growth in the e-commerce, 3PL, fast moving consumer goods (FMCG), fast moving consumer goods (FMCD), retail and manufacturing industries supports the increasing number of organized warehouse space in the country. The e-commerce and 3PL market participants are the largest users of organized storage space. Thus, the steady growth of the Indian e-commerce industry is fueling the development of the number of warehouses and distribution centers across the country. E-dealers are now looking forward to the opening of warehouses in Tier I and Tier II cities. Therefore, the demand for automated overhead traveling cranes in warehouse and distribution centers for lifting heavy equipment and moving materials will increase. The storage crane usually consists of a single girder overhead traveling crane, a double girder traveling crane and an electric lifting bridge gantry crane for lifting. Most warehouse and distribution centers use automated overhead traveling cranes with lifting capacities of 1 ton, 3 tons, 5 tons and 10 tons to 100 tons. Therefore, the goods or materials can be easily lifted and transported to other places.
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Russia, France, the UK, Italy, Germany, and Spain are among the hardest hit countries in Europe due to the COVID-19 pandemic. The region saw a notable drop in revenue from various industries as the government enacted various containment measures. Due to growing e-commerce activities, Europe had large-scale import-export trade operations prior to the start of the pandemic. Managing a large warehouse requires moving and storing large and heavy boxes safely and quickly throughout the warehouse. A network of overhead cranes helps warehouse workers keep inventory organized and accessible so that their bins and boxes can be easily found and retrieved when needed. As the e-commerce activities were drastically reduced, the demand for various overhead traveling cranes went in Europe.
The number of new businesses and startups that needed equipment such as factory equipment, industrial HVAC, and other large machines was very few. Workshops use both gantry and bridge cranes to unload, move and reload products in the workshop. Since operations were cut back sharply, the demand for gantry cranes and bridge cranes decreased immensely across the country Europe. With the supply chain of several industries disrupted, including automated overhead traveling cranes, automated overhead traveling cranes market participants had great difficulty selling various types of cranes in 2020 Europe While shipping traffic was low, the automated overhead traveling crane market saw a decline in demand in 2020.
Introducing Industry 4.0 for smarter hoists to drive the growth of the automated overhead traveling crane market in the years to come
Overhead crane manufacturers are focused on developing smarter hoists by following the trends to create smarter factories in the high-end manufacturing industry. The implementation of automation, intelligent technology, digital communication, intelligent factory, Internet of Things, networks and cloud-based storage are some of the functions that will be offered with the introduction of Industry 4.0 as part of the fourth industrial revolution. The integration of Industry 4.0 with the overhead traveling cranes enhances the automation within the factory and enables the intelligent networking of smart devices such as machine-to-product communication and machine-to-machine communication. The use of intelligent technology in the overhead traveling cranes enables them to collect data from the operation of the cranes. The growing trend towards intelligent technology for maintenance purposes by checking the historical maintenance data and technical information of the crane is also promoting the acceptance of automated overhead traveling cranes.
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Automated Bridge Cranes Market: Industry Overview
Based on the industry, the Automated Overhead Crane market is segmented into Manufacturing, Shipbuilding, Metal & Steel, and others. These industries use cranes to lift the materials, containers, and more, and place them precisely in a specific location. The industry requires manufacturers to adapt the cranes according to their requirements or they rent these cranes to carry out certain tasks. The automated bridge cranes play a vital role in improving the safety and operational efficiency of several industries. These automated overhead traveling cranes are tailor-made for every space – even for demanding environments with limited space – and increase production capacities considerably. The automated overhead console is used in manufacturing units in a variety of industries including automotive, aerospace, concrete manufacturing, and power plants.
Automated Bridge Cranes Market: Competitive Landscape and Key Developments
DONGQI GROUP; Konecranes Oyj; EMH, Inc .; EntsorgaFin SpA; Henan Clescrane System Co., Ltd .; Hoist UK, Kundel Industries Inc .; Weihua Group; Sumitomo Heavy Industries Material Handling Systems Co., Ltd .; and Acculift are among the main players featured in this market study. In addition to these players, several other key market players were also examined and analyzed in order to get a holistic view of the global automated bridge crane market and its ecosystem.
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In 2021, Kalmar, a subsidiary of Cargotec, signed a contract with Companhia Siderúrgica Nacional (CSN) for the delivery of nine Kalmar rubber tire gantry cranes (RTGs). The cranes will be delivered to the Sepetiba Tecon terminal in. delivered Rio de Janeiro, Brazil.
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