Overhead traveling crane market
The inclusion of automation technologies has increased the efficiency of overhead traveling cranes. These technologies enable remote control and predictive maintenance of the devices. In addition, the main players in the bridge crane industry have focused on acquisition strategies in order to gain maximum market share. This also leads to a consolidation of the global overhead traveling crane market.
Global Overhead Crane Market Size Is Expected To Reach $ 5.0 Billion In 2027 From 3, According To A New Report From Allied Market Research, Entitled “Overhead Cranes Market By Type, Business Type, And End-User: Opportunity Analysis And Industry Forecast, 2020-2027” $ 8 billion in 2019, with a CAGR of 4.9% from 2020 to 2027. In 2019, Asia Pacific dominated the market in terms of sales, accounting for 49.0% of the global market for Overhead traveling cranes.
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Overhead Crane Market by Type (Single Girder and Double Girder), Business Type (OEM and Customer Service), and End User (Automotive, Metal & Mining, Paper, Utilities, Aerospace, Shipyards, and Others)
Bridge cranes, also called bridge cranes or industrial cranes, are used for material handling applications in industrial rooms. It consists of parallel runways with a driving bridge and a hoist. The lifting component of a crane moves in multiple directions through the overhead space in the facility. Overhead traveling cranes are also used in the automotive, aerospace, shipbuilding, paper, utility and other industries.
Competitive analysis
The key market players presented in the report include ABUS Kransysteme GmbH, Columbus McKinnon Corporation (CMCO), EMH, Inc., GH Cranes & Components, Gorbel Cranes, Kito Corporation, Konecranes Plc, Ralf Teichmann GmbH and Sumitomo Heavy Industries Material Handling Systems Co., Ltd. and Weihua Group.
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Main benefits for stakeholders
The report provides a comprehensive analysis of current and emerging global Overhead Crane Market trends and dynamics.
An in-depth analysis of the market is carried out by producing market assessments for the major market segments between 2019-2027.
A comprehensive analysis of the market is performed by keeping track of key product positioning and monitoring of the top competitors within the market framework.
The report also includes a comprehensive market opportunity analysis for overhead traveling cranes of all countries.
The Global Overhead Cranes market forecast analysis from 2020-2027 is included in the report.
This report introduces the key market players and analyzes their strategies thoroughly in order to understand the industry’s competitive outlook.
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Allied Market Research (AMR) is a full-service market research and management consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research offers global corporations as well as medium and small businesses unmatched quality of market research reports and business intelligence solutions. AMR strives to provide business insights and advice to assist its clients with strategic business decisions and sustainable growth in their respective market areas.
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