The coronavirus outbreak has weakened global demand conditions and made the demand environment uncertain, which has had a negative impact on incoming orders. Companies in the Gantry Crane market are striving to remain productive during the COVID-19 outbreak and maintain business continuity for critical mission projects. Crane suppliers have focused on stakeholders in the area of essential goods such as medical supplies and food.
Physical restrictions in manufacturing facilities to limit the spread of novel coronaviruses are impacting gantry crane market sales growth. Businesses experience poor revenue recognition as large orders from shipyard and airline customers have either been canceled or postponed. As a result, crane providers are focusing on improved payment recording and credit control to keep the economy going during the ongoing COVID-19 era.
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Gantry crane size restrictions and lifting capacities are affecting market growth
Companies in the gantry crane market are bringing crane solutions to affordable key sectors such as the automotive, aerospace, port and shipping industries. Hence, the plan is for the market to hit a healthy CAGR of ~ 6% during the forecast period. However, gantry cranes have limitations in their size and lifting capacity and are likely to have an impact on the growth of the gantry crane market. Crane providers therefore inform their customers about safety ratings and recommend customers to have a standard or above-average span before making a purchase decision.
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Turnkey self-erecting portable overhead traveling cranes eliminate the need for skilled workers
The steadily growing infrastructure development in emerging countries such as India and other developing countries creates stable sources of income for companies in the gantry crane market. The market is estimated at US $ 3.5 Bn by the end of 2030. Therefore, auto crane sales are projected to grow exponentially during the assessment period.
Self-erecting portable overhead traveling cranes are storming the gantry crane market. For example, Air Technical Industries – a manufacturer of innovative material handling equipment for special types – receives recognition for its revolutionary double or single girder gantry crane that works at the push of a button and eliminates the need for qualified personnel.
Modular constructions in gantry cranes create safe manufacturing processes for customers
Companies in the gantry crane market are increasing the availability of high quality overhead traveling cranes and hoists that are useful for construction, mining, and warehouse management applications. For example, Loadmate – a crane dealer in Gujarat, India – builds robust supply chains for semi-portal cranes and rubber-tired cranes to meet the needs of utility, metal and mining customers.
Innovations in semi-portal cranes and full portal cranes include the integration of vacuum carriers, grippers and special hooks. Dealers in the gantry crane market meet the customers’ requirements for sustainable and safe manufacturing processes. Modular designs in gantry cranes include a meltless circuit that makes processes safer and more reliable for customers in various end markets.
Gantry Crane Market: Competitive Landscape
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- JASO industrial cranes
- Aicrane Machinery Group
- Doosan Heavy Industries Vietnam Co.
- Mi-Jack Products, Inc.
- Mammoet Holding BV
- TNT crane & rigging
- Shanghai Zhenhua Heavy Industries Co., Ltd.
- Konecranes Plc
- Sany Group
- Liebherr
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