Asia-Pacific Automated Overhead Crane Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Bridge Crane, Gantry Crane, Monorail Crane, Jib Crane, and Others), Level of Automation (Semi-Automated and Fully Automated), and Industry (Manufacturing, Shipbuilding, Metals and Steel, and Others)

Code: TIPRE00025248 | Pages: 100 | Industry: Manufacturing and Construction | Date: Oct 2021
Covid

Market Introduction

Asia Pacific is the largest producer of advanced machinery worldwide. While China and India provide lower-tech equipment for the global market, South Korea and Japan are among the key players in high-end special-purpose machinery. The countries in the region are witnessing a rise in the population and urbanization of the middle class, which offers ample opportunities for key players in the automated overhead cranes market. APAC is the world's largest continent, and it is known for its technological innovations. Rapid technological advances and policy support, as well as economic digitization and the middle-income class community's growing disposable income, are among the factors that help the economy grow from developing to developed phase. The major regional trends are burgeoning foreign investment for local manufacturing facilities accompanied by fused improvisation in shipbuilding and metals & steel industry. Moreover, shipbuilding industries in the region are witnessing immense growth due to rising government initiatives to develop ports and support sea construction projects. For instance, in 2019, the government of China made several announcements to boost the construction activities in the country, such as investing CNY 1.8 trillion in waterway projects and road construction. It is mainly for a number of major water conservancy projects. The government planning to speed up the construction of the Sichuan-Tibet railway. Thus, surging number of sea construction projects and seaports and rapidly growing shipping industry are significantly driving the automated overhead crane market in APAC.

In case of COVID-19, APAC is highly affected specially India. Many countries in Asia are still in developing stage and are not completely developed. This region has experienced a significant decline in various economic activities since the government imposed strict lockdowns, travel bans, and business shutdown. One of the worst effects of this pandemic is the hard economic hit that it gave to the middle class of the society. Due to mass layoffs and pay cuts, purchasing power of consumers reduced to a drastic extent in many Asian countries. Spending on non-essentials was also decreased. Owing to these factors, a few of the worst hit industries are concrete manufacturing, automotive, and metal & manufacturing. Auto assembly lines involves moving their product from one station to another station. Bridge cranes are widely utilized for this kind of movement. Auto repairs also need smaller gantry cranes for jobs such as lifting car bodies and pulling engines. Due to very less demand, the production of automated overhead cranes dropped significantly. For moving the crucibles of molten ore and loading rolls of finished sheet, overhead cranes are required to handle such weight. Thus, sales of automated overhead cranes suffered further as production in metal factories contracted. Moreover, with respect to international trade operations, Hong Kong, China, South Korea, and Japan are top Asian exporting countries that observed negative impact in their cargo shipment. Thus, with lower trade volumes coupled with disrupted supply chain of various industries, an overall negative impact is observed on the growth of the automated overhead cranes market in 2020.


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Market Overview and Dynamics

The APAC automated overhead crane market is expected to grow from US$ 602.23 million in 2021 to US$ 1,031.03 million by 2028; it is estimated to grow at a CAGR of 8.0% from 2021 to 2028. With the rising advancements in technology, almost every operation in the end-to-end industrial and manufacturing environment is becoming connected, intelligent, and smart. There are new forms of discrete and process manufacturing—sensors, connected objects and smart machines—that are evolving and changing the ecosystem of how exchange and collaboration between people, machines, data, and technologies were done earlier. Today’s digital plant of smart manufacturing heavily relies on collecting, sorting, and analyzing the data and information, and turning them into business values. The automation of cranes helps end users to gain sustainable competitive advantage, by enabling them with the ability to alter or change the material handling process with respect to market change on a real-time basis. The automated overhead cranes consist of a hoist and a trolley connected to a support structure which is also called a girder. The girder attached with the cranes permits the trolley and the hoist to travel from side-to-side along the length of the crane. The overhead cranes used in the manufacturing industry are distinguished into two main types – single girder crane and double girder crane. They have applications in manufacturing units of automotive, shipyards, aerospace, utility, and other industries. The rising adoption of automation in manufacturing industries is anticipated to drive the overhead cranes industry. The growing advancements in manufacturing processes support is creating high requirement for advanced machinery such as automated overhead cranes across APAC region.

Key Market Segments

In terms of type, the gantry cranes segment accounted for the largest share of the APAC automated overhead crane market in 2020. In terms of level of automation, the semi-automated segment held a larger market share of APAC automated overhead crane market in 2020.  Further, the manufacturing segment held a larger share of the APAC automated overhead crane market based on industry in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the APAC automated overhead crane market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are DONGQI GROUP; EMH, Inc; Henan Clescrane System Co., Ltd.; Konecranes Oyj; Sumitomo Heavy Industries Material Handling Systems Co., Ltd.; and Weihua Group.

Reasons to buy report

  • To understand the APAC automated overhead crane market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC automated overhead crane market
  • Efficiently plan M&A and partnership deals in APAC automated overhead crane market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC automated overhead crane market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region.

APAC Automated Overhead Crane Market Segmentation

APAC Automated Overhead Crane Market - By Type

  • Bridge Crane
  • Gantry Crane
  • Monorail Crane
  • Jib Crane 
  • Others

APAC Automated Overhead Crane Market - By Level of Automation

  • Semi-Automated
  • Fully Automated

APAC Automated Overhead Crane Market - By Industry

  • Manufacturing
  • Shipbuilding
  • Metals and Steel
  • Others

APAC Automated Overhead Crane Market - By Country

  • Australia  
  • China      
  • India
  • Japan 
  • South Korea
  • Rest of APAC

APAC Automated Overhead Crane Market - Company Profiles

  • DONGQI GROUP
  • EMH, Inc
  • Henan Clescrane System Co., Ltd.
  • Konecranes Oyj
  • Sumitomo Heavy Industries Material Handling Systems Co., Ltd.
  • Weihua Group

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           APAC Automated Overhead Crane Market Landscape

4.1         Market Overview

4.2         APAC PEST Analysis

4.3         Ecosystem Analysis

5.           APAC Automated Overhead Crane Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Surging Automation in the Manufacturing Sector

5.1.2        Escalating Development of Automated Shipbuilding Cranes

5.2         Market Restraints

5.2.1        Overpriced Installation and Maintenance

5.3         Market Opportunities

5.3.1        Increasing Number of Distribution and Warehousing Centers

5.4         Future Trends

5.4.1        Burgeoning Adoption of Industry 4.0 for Smarter Lifting Equipment

5.5         Impact Analysis of Drivers and Restraints

6.           Automated Overhead Crane Market– APAC Analysis

6.1         APAC Automated Overhead Crane Market Overview

6.2         APAC Automated Overhead Crane Market Revenue Forecast and Analysis

7.           APAC Automated Overhead Crane Market Revenue and Forecast to 2028 – By Type

7.1         Overview

7.2         APAC Automated Overhead Crane Market, by Type (2020 & 2028)

7.3         Bridge Cranes

7.3.1        Overview

7.3.2        Bridge Cranes: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

7.4         Gantry Cranes

7.4.1        Overview

7.4.2        Gantry Cranes: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

7.5         Monorail Cranes

7.5.1        Overview

7.5.2        Monorail Cranes: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

7.6         Jib Cranes

7.6.1        Overview

7.6.2        Jib Cranes: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

7.7         Others

7.7.1        Overview

7.7.2        Others: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

8.           APAC Automated Overhead Crane Market Analysis and Forecast to 2028 – By Level of Automation

8.1         Overview

8.2         APAC Automated Overhead Crane Market, by Level of Automation (2020 & 2028)

8.3         Semi-Automated

8.3.1        Overview

8.3.2        Semi-Automated: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

8.4         Fully Automated

8.4.1        Overview

8.4.2        Fully Automated: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

9.           APAC Automated Overhead Crane Market Analysis and Forecast to 2028 – By Industry

9.1         Overview

9.2         APAC Automated Overhead Crane Market, by Industry (2020 & 2028)

9.3         Manufacturing

9.3.1        Overview

9.3.2        Manufacturing: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

9.4         Shipbuilding

9.4.1        Overview

9.4.2        Shipbuilding: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

9.5         Metals and Steel

9.5.1        Overview

9.5.2        Metals and Steel: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

9.6         Others

9.6.1        Overview

9.6.2        Others: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

10.        APAC Automated Overhead Crane Market – Country Analysis

10.1      Overview

10.1.1     APAC: Automated Overhead Crane Market, by Key Country

10.1.1.1       Australia: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1       Australia: Automated Overhead Crane Market, by Type

10.1.1.1.2       Australia: Automated Overhead Crane Market, by Level of Automation

10.1.1.1.3       Australia: Automated Overhead Crane Market, by Industry

10.1.1.2       China: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1       China: Automated Overhead Crane Market, by Type

10.1.1.2.2       China: Automated Overhead Crane Market, by Level of Automation

10.1.1.2.3       China: Automated Overhead Crane Market, by Industry

10.1.1.3       India: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1       India: Automated Overhead Crane Market, by Type

10.1.1.3.2       India: Automated Overhead Crane Market, by Level of Automation

10.1.1.3.3       India: Automated Overhead Crane Market, by Industry

10.1.1.4       Japan: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.4.1       Japan: Automated Overhead Crane Market, by Type

10.1.1.4.2       Japan: Automated Overhead Crane Market, by Level of Automation

10.1.1.4.3       Japan: Automated Overhead Crane Market, by Industry

10.1.1.5       South Korea: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.5.1       South Korea: Automated Overhead Crane Market, by Type

10.1.1.5.2       South Korea: Automated Overhead Crane Market, by Level of Automation

10.1.1.5.3       South Korea: Automated Overhead Crane Market, by Industry

10.1.1.6       Rest of APAC: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.6.1       Rest of APAC: Automated Overhead Crane Market, by Type

10.1.1.6.2       Rest of APAC: Automated Overhead Crane Market, by Level of Automation

10.1.1.6.3       Rest of APAC: Automated Overhead Crane Market, by Industry

11.        APAC Automated Overhead Crane Market - COVID-19 Impact Analysis

11.1      APAC: Impact Assessment of COVID-19 Pandemic

12.        Industry Landscape

12.1      Overview

12.2      Merger and Acquisition

12.3      New Development

13.        Company Profiles

13.1      DONGQI GROUP

13.1.1     Key Facts

13.1.2     Business Description

13.1.3     Products and Services

13.1.4     Financial Overview

13.1.5     SWOT Analysis

13.1.6     Key Developments

13.2      Konecranes Oyj

13.2.1     Key Facts

13.2.2     Business Description

13.2.3     Products and Services

13.2.4     Financial Overview

13.2.5     SWOT Analysis

13.2.6     Key Developments

13.3      EMH, Inc

13.3.1     Key Facts

13.3.2     Business Description

13.3.3     Products and Services

13.3.4     Financial Overview

13.3.5     SWOT Analysis

13.3.6     Key Developments

13.4      Henan Clescrane System Co., Ltd.

13.4.1     Key Facts

13.4.2     Business Description

13.4.3     Products and Services

13.4.4     Financial Overview

13.4.5     SWOT Analysis

13.4.6     Key Developments

13.5      Weihua Group

13.5.1     Key Facts

13.5.2     Business Description

13.5.3     Products and Services

13.5.4     Financial Overview

13.5.5     SWOT Analysis

13.5.6     Key Developments

13.6      Sumitomo Heavy Industries Material Handling Systems Co., Ltd.

13.6.1     Key Facts

13.6.2     Business Description

13.6.3     Products and Services

13.6.4     Financial Overview

13.6.5     SWOT Analysis

13.6.6     Key Developments

14.        Appendix

14.1      About The Insight Partners

14.2      Word Index

LIST OF TABLES

Table 1.             APAC Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

Table 2.             APAC: Automated Overhead Crane Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 3.             Australia: Automated Overhead Crane Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 4.             Australia: Automated Overhead Crane Market, by Level of Automation – Revenue and Forecast to 2028 (US$ Million)

Table 5.             Australia: Automated Overhead Crane Market, by Industry – Revenue and Forecast to 2028 (US$ Million)

Table 6.             China: Automated Overhead Crane Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 7.             China: Automated Overhead Crane Market, by Level of Automation – Revenue and Forecast to 2028 (US$ Million)

Table 8.             China: Automated Overhead Crane Market, by Industry – Revenue and Forecast to 2028 (US$ Million)

Table 9.             India: Automated Overhead Crane Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 10.          India: Automated Overhead Crane Market, by Level of Automation – Revenue and Forecast to 2028 (US$ Million)

Table 11.          India: Automated Overhead Crane Market, by Industry – Revenue and Forecast to 2028 (US$ Million)

Table 12.          Japan: Automated Overhead Crane Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 13.          Japan: Automated Overhead Crane Market, by Level of Automation – Revenue and Forecast to 2028 (US$ Million)

Table 14.          Japan: Automated Overhead Crane Market, by Industry – Revenue and Forecast to 2028 (US$ Million)

Table 15.          South Korea: Automated Overhead Crane Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 16.          South Korea: Automated Overhead Crane Market, by Level of Automation – Revenue and Forecast to 2028 (US$ Million)

Table 17.          South Korea: Automated Overhead Crane Market, by Industry – Revenue and Forecast to 2028 (US$ Million)

Table 18.          Rest of APAC: Automated Overhead Crane Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 19.          Rest of APAC: Automated Overhead Crane Market, by Level of Automation – Revenue and Forecast to 2028 (US$ Million)

Table 20.          Rest of APAC: Automated Overhead Crane Market, by Industry – Revenue and Forecast to 2028 (US$ Million)

Table 21.          List of Abbreviation

LIST OF FIGURES

Figure 1.           APAC Automated Overhead Crane Market Segmentation

Figure 2.           APAC Automated Overhead Crane Market Segmentation – By Country

Figure 3.           APAC Automated Overhead Crane Market Overview

Figure 4.           APAC Automated Overhead Crane Market, by Type

Figure 5.           APAC Automated Overhead Crane Market, by Industry

Figure 6.           APAC Automated Overhead Crane Market, By Country

Figure 7.           APAC – PEST Analysis

Figure 8.           APAC Automated Overhead Crane Market: Ecosystem Analysis

Figure 9.           APAC Automated Overhead Crane Market: Impact Analysis of Drivers and Restraints

Figure 10.        APAC Automated Overhead Crane Market Revenue Forecast and Analysis (US$ Million)

Figure 11.        APAC Automated Overhead Crane Market, by Type (2020 & 2028)

Figure 12.        APAC Bridge Cranes: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

Figure 13.        APAC Gantry Cranes: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

Figure 14.        APAC Monorail Cranes: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

Figure 15.        APAC Jib Cranes: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

Figure 16.        APAC Others: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

Figure 17.        APAC Automated Overhead Crane Market, by Level of Automation (2020 & 2028)

Figure 18.        APAC Semi-Automated: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

Figure 19.        APAC Fully Automated: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

Figure 20.        APAC Automated Overhead Crane Market, by Industry (2020 & 2028)

Figure 21.        APAC Manufacturing: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

Figure 22.        APAC Shipbuilding: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

Figure 23.        APAC Metals and Steel: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

Figure 24.        APAC Others: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)

Figure 25.        APAC: Automated Overhead Crane Market, by Key Country – Revenue (2020) (USD Million)

Figure 26.        APAC: Automated Overhead Crane Market Revenue Share, by Key Country (2020 & 2028)

Figure 27.        Australia: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28.        China: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29.        India: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30.        Japan: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31.        South Korea: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32.        Rest of APAC: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33.        Impact of COVID-19 Pandemic in APAC Country Markets

  1. DONGQI GROUP
  2. EMH, Inc
  3. Henan Clescrane System Co., Ltd.
  4. Konecranes Oyj
  5. Sumitomo Heavy Industries Material Handling Systems Co., Ltd.
  6. Weihua Group
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