Asia-Pacific Overhead Cranes Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Gantry Crane, Bridge Crane, Jib Crane, Monorail Crane, and Others), Installation (Mobile Crane and Fixed Crane), Operation Type (Electric, Hydraulic, and Hybrid), and Verticals (Logistics, Automotive, Marine, and Others)
The Asia-Pacific overhead cranes market is expected to grow from US$ 1,954.34 million in 2022 to US$ 3,140.21 million by 2028. It is estimated to grow at a CAGR of 8.2% from 2022 to 2028.
Technological Advancements in Overhead Crane in Asia-Pacific Overhead Cranes Market
The introduction of innovations and advancements in crane technology is rising in industries. Industries are adopting new overhead cranes that are modular, adaptable, and intelligent. Some manufacturers added smart technologies such as sway control technology to their overhead cranes to predict an error or problem and convey that information to the operator to avoid any major risk. This technology became a standard for industries to improve safety and reduce downtime. To predict a natural pendulum effect, a sway control technology is introduced to predict the start of a swing motion without any intervention by the operator. It helps save delicate and sensitive objects while lifting or moving. Innovation in cranes includes optimized pulley rope angles that help reduce wear on the rope. With smart technology, the operator gets a constant report on the rope's condition, mentioning repair and replacement recommendations. Cranes are designed compactly to work in the compact area and result in high precision of the task. They are designed to be energy efficient. Thus, technological advancements in overhead cranes will act as a trend in the overhead cranes market in the future.
Asia-Pacific Overhead Cranes Market Overview
Based on country, the Asia Pacific (APAC) overhead cranes market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. The rising government initiatives across Asia Pacific countries, including China and India, to promote their manufacturing industry for overall economic development are expected to propel the demand for overhead cranes from the manufacturing plants. The automotive manufacturing industry in India is localizing production and establishing strong distribution channels for domestic and international distribution of their products. Moreover, in March 2022, Triton announced its intentions to set up a manufacturing unit for electric vehicles in Gujarat, India. These factors are driving the demand for material and finished product handling equipment across the factories, thereby contributing to the need for overhead cranes.
Asia-Pacific Overhead cranes market Revenue and Forecast to 2028 (US$ Million)
Asia-Pacific Overhead cranes market Segmentation
The Asia-Pacific overhead cranes market is segmented on the basis of type, installation, operation type, end-user industry, and country. Based on type, the market is segmented into bridge crane, gantry crane, monorail crane, jib crane, and others. The gantry crane segment registered the largest market share in 2022.
Based on installation, the Asia-Pacific market is bifurcated into mobile crane and fixed crane. The fixed crane segment registered a larger market share in 2022.
Based on operation type, the Asia-Pacific overhead cranes market is segmented into hydraulic, electric, and hybrid. The electric segment registered the largest market share in 2022.
Based on verticals, the Asia-Pacific overhead cranes market is segmented into automotive, logistics, utilities, marine, and others. The logistics segment registered the largest market share in 2022.
Based on country, the Asia-Pacific overhead cranes market is segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia-Pacific. China dominated the market share in 2022.
ABUS Kransysteme GmbH, Cargotec Corp, Demag Cranes & Components GmbH, Gorbel Inc, Konecranes Plc, Liebherr-International Deutschland GmbH, and Sumitomo Heavy Industries Ltd are the leading companies operating in the Asia-Pacific overhead cranes market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia-Pacific Overhead Cranes Market – By Type
1.3.2 Asia-Pacific Overhead Cranes Market – By Installation
1.3.3 Asia-Pacific Overhead Cranes Market – By Operation Type
1.3.4 Asia-Pacific Overhead Cranes Market – By Verticals
1.3.5 Asia-Pacific Overhead Cranes Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia-Pacific Overhead Cranes Market Landscape
4.1 Market Overview
4.2 Asia-Pacific PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Asia-Pacific Overhead Cranes Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Investments in Manufacturing Sector
5.1.2 Growing Need for Workplace Safety in Industrial Applications
5.2 Market Restraints
5.2.1 Fluctuations in Prices of Steel
5.3 Market Opportunities
5.3.1 Growing using and Distribution Centers
5.4 Future Trends
5.4.1 Technological Advancements in Overhead Crane
5.5 Impact Analysis of Drivers and Restraints
6. Overhead Cranes Market – Asia-Pacific Analysis
6.1 Asia-Pacific Overhead Cranes Market Overview
6.2 Asia-Pacific Overhead Cranes Market – Revenue and Forecast to 2028 (US$ Million)
7. Asia-Pacific Overhead Cranes Market Analysis – By Type
7.1 Overview
7.2 Asia-Pacific Overhead Cranes Market, By Type (2021 and 2028)
7.3 Gantry Crane
7.3.1 Overview
7.3.2 Gantry Crane: Overhead Cranes Market – Revenue, and Forecast to 2028 (US$ Million)
7.4 Bridge Crane
7.4.1 Overview
7.4.2 Bridge Crane: Overhead Cranes Market – Revenue, and Forecast to 2028 (US$ Million)
7.5 Jib Crane
7.5.1 Overview
7.5.2 Jib Crane: Overhead Cranes Market – Revenue, and Forecast to 2028 (US$ Million)
7.6 Monorail Crane
7.6.1 Overview
7.6.2 Monorail Crane: Overhead Cranes Market – Revenue, and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Overhead Cranes Market – Revenue, and Forecast to 2028 (US$ Million)
8. Asia-Pacific Overhead Cranes Market Analysis – By Installation
8.1 Overview
8.2 Asia-Pacific Overhead Cranes Market, By Installation (2021 and 2028)
8.3 Fixed Crane
8.3.1 Overview
8.3.2 Fixed Crane: Overhead Cranes Market- Revenue and Forecast to 2028 (US$ Million)
8.4 Mobile Crane
8.4.1 Overview
8.4.2 Mobile Crane: Overhead Cranes Market- Revenue and Forecast to 2028 (US$ Million)
9. Asia-Pacific Overhead Cranes Market Analysis – By Operation Type
9.1 Overview
9.2 Asia-Pacific Overhead Cranes Market Breakdown, By Operation Type, 2021 & 2028
9.3 Electric
9.3.1 Overview
9.3.2 Electric Market Revenue and Forecast to 2028 (US$ Million)
9.4 Hydraulic
9.4.1 Overview
9.4.2 Hydraulic Market Revenue and Forecast to 2028 (US$ Million)
9.5 Hybrid
9.5.1 Overview
9.5.2 Hybrid Market Revenue and Forecast to 2028 (US$ Million)
10. Asia-Pacific Overhead Cranes Market Analysis – By Verticals
10.1 Overview
10.2 Asia-Pacific Overhead Cranes Market Breakdown, By Verticals, 2021 & 2028
10.3 Logistics
10.3.1 Overview
10.3.2 Logistics Market Revenue and Forecast to 2028 (US$ Million)
10.4 Automotive
10.4.1 Overview
10.4.2 Automotive Market Revenue and Forecast to 2028 (US$ Million)
10.5 Marine
10.5.1 Overview
10.5.2 Marine Market Revenue and Forecast to 2028 (US$ Million)
10.6 Others
10.6.1 Overview
10.6.2 Others Market Revenue and Forecast to 2028 (US$ Million)
11. Asia-Pacific Overhead Cranes Market – Country Analysis
11.1 Overview
11.1.1 Asia Pacific Overhead Cranes Market Breakdown, by Country
11.1.1.1 China Overhead Cranes Market, Revenue and Forecast to 2028
11.1.1.1.1 China Overhead Cranes Market Breakdown, By Type
11.1.1.1.2 China Overhead Cranes Market Breakdown, By Installation
11.1.1.1.3 China Overhead Cranes Market Breakdown, By Operation Type
11.1.1.1.4 China Overhead Cranes Market Breakdown, By Verticals
11.1.1.2 Japan Overhead Cranes Market, Revenue and Forecast to 2028
11.1.1.2.1 Japan Overhead Cranes Market Breakdown, By Type
11.1.1.2.2 Japan Overhead Cranes Market Breakdown, By Installation
11.1.1.2.3 Japan Overhead Cranes Market Breakdown, By Operation Type
11.1.1.2.4 Japan Overhead Cranes Market Breakdown, By Verticals
11.1.1.3 India Overhead Cranes Market, Revenue and Forecast to 2028
11.1.1.3.1 India Overhead Cranes Market Breakdown, By Type
11.1.1.3.2 India Overhead Cranes Market Breakdown, By Installation
11.1.1.3.3 India Overhead Cranes Market Breakdown, By Operation Type
11.1.1.3.4 India Overhead Cranes Market Breakdown, By Verticals
11.1.1.4 South Korea Overhead Cranes Market, Revenue and Forecast to 2028
11.1.1.4.1 South Korea Overhead Cranes Market Breakdown, By Type
11.1.1.4.2 South Korea Overhead Cranes Market Breakdown, By Installation
11.1.1.4.3 South Korea Overhead Cranes Market Breakdown, By Operation Type
11.1.1.4.4 South Korea Overhead Cranes Market Breakdown, By Verticals
11.1.1.5 Australia Overhead Cranes Market, Revenue and Forecast to 2028
11.1.1.5.1 Australia Overhead Cranes Market Breakdown, By Type
11.1.1.5.2 Australia Overhead Cranes Market Breakdown, By Installation
11.1.1.5.3 Australia Overhead Cranes Market Breakdown, By Operation Type
11.1.1.5.4 Australia Overhead Cranes Market Breakdown, By Verticals
11.1.1.6 Rest of Asia Pacific Overhead Cranes Market, Revenue and Forecast to 2028
11.1.1.6.1 Rest of Asia Pacific Overhead Cranes Market Breakdown, By Type
11.1.1.6.2 Rest of Asia Pacific Overhead Cranes Market Breakdown, By Installation
11.1.1.6.3 Rest of Asia Pacific Overhead Cranes Market Breakdown, By Operation Type
11.1.1.6.4 Rest of Asia Pacific Overhead Cranes Market Breakdown, By Verticals
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 Sumitomo Heavy Industries Ltd
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 Liebherr-International Deutschland GmbH
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 Demag Cranes & Components GmbH
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 ABUS Kransysteme GmbH
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 Konecranes Plc
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 Gorbel Inc
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
13.7 Cargotec Corp
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Asia-Pacific Overhead Cranes Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Asia Pacific Overhead Cranes Market, Revenue and Forecast To 2028 – By Country (US$ Million)
Table 3. China Overhead Cranes Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 4. China Overhead Cranes Market, Revenue and Forecast to 2028 – By Installation (US$ Million)
Table 5. China Overhead Cranes Market, Revenue and Forecast to 2028 – By Operation Type (US$ Million)
Table 6. China Overhead Cranes Market, Revenue and Forecast to 2028 – By Verticals (US$ Million)
Table 7. Japan Overhead Cranes Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 8. Japan Overhead Cranes Market, Revenue and Forecast to 2028 – By Installation (US$ Million)
Table 9. Japan Overhead Cranes Market, Revenue and Forecast to 2028 – By Operation Type (US$ Million)
Table 10. Japan Overhead Cranes Market, Revenue and Forecast to 2028 – By Verticals (US$ Million)
Table 11. India Overhead Cranes Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 12. India Overhead Cranes Market, Revenue and Forecast to 2028 – By Installation (US$ Million)
Table 13. India Overhead Cranes Market, Revenue and Forecast to 2028 – By Operation Type (US$ Million)
Table 14. India Overhead Cranes Market, Revenue and Forecast to 2028 – By Verticals (US$ Million)
Table 15. South Korea Overhead Cranes Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 16. South Korea Overhead Cranes Market, Revenue and Forecast to 2028 – By Installation (US$ Million)
Table 17. South Korea Overhead Cranes Market, Revenue and Forecast to 2028 – By Operation Type (US$ Million)
Table 18. South Korea Overhead Cranes Market, Revenue and Forecast to 2028 – By Verticals (US$ Million)
Table 19. Australia Overhead Cranes Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 20. Australia Overhead Cranes Market, Revenue and Forecast to 2028 – By Installation (US$ Million)
Table 21. Australia Overhead Cranes Market, Revenue and Forecast to 2028 – By Operation Type (US$ Million)
Table 22. Australia Overhead Cranes Market, Revenue and Forecast to 2028 – By Verticals (US$ Million)
Table 23. Rest of Asia Pacific Overhead Cranes Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 24. Rest of Asia Pacific Overhead Cranes Market, Revenue and Forecast to 2028 – By Installation (US$ Million)
Table 25. Rest of Asia Pacific Overhead Cranes Market, Revenue and Forecast to 2028 – By Operation Type (US$ Million)
Table 26. Rest of Asia Pacific Overhead Cranes Market, Revenue and Forecast to 2028 – By Verticals (US$ Million)
Table 27. List of Abbreviation
LIST OF FIGURES
Figure 1. Asia-Pacific Overhead Cranes Market Segmentation
Figure 2. Asia-Pacific Overhead Cranes Market Segmentation – By Country
Figure 3. Asia-Pacific Overhead Cranes Market Overview
Figure 4. Asia-Pacific Overhead Cranes Market, by type
Figure 5. Asia-Pacific Overhead Cranes Market, by Country
Figure 6. Asia Pacific: PEST Analysis
Figure 7. Expert Opinion
Figure 8. Asia-Pacific Overhead Cranes Market Impact Analysis of Drivers and Restraints
Figure 9. Asia-Pacific Overhead Cranes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. Asia-Pacific Overhead Cranes Market Revenue Share, By Type (2021 and 2028)
Figure 11. Gantry Crane: Asia-Pacific Overhead Cranes Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 12. Bridge Crane: Asia-Pacific Overhead Cranes Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 13. Jib Crane: Asia-Pacific Overhead Cranes Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 14. Monorail Crane: Asia-Pacific Overhead Cranes Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 15. Others: Asia-Pacific Overhead Cranes Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 16. Asia-Pacific Overhead Cranes Market Revenue Share, By Installation (2021 and 2028)
Figure 17. Fixed Crane: Asia-Pacific Overhead Cranes Market- Revenue and Forecast to 2028 (US$ Million)
Figure 18. Mobile Crane: Asia-Pacific Overhead Cranes Market- Revenue and Forecast to 2028 (US$ Million)
Figure 19. Asia-Pacific Overhead Cranes Market Revenue Share, By Operation Type (2021 and 2028)
Figure 20. Asia-Pacific Electric Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Asia-Pacific Hydraulic Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Asia-Pacific Hybrid Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Asia-Pacific Overhead Cranes Market Revenue Share, By Verticals (2021 and 2028)
Figure 24. Asia-Pacific Logistics Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Asia-Pacific Automotive Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Asia-Pacific Marine Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Asia-Pacific Others Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Asia Pacific: Overhead Cranes Market, by Key Country – Revenue (2021) (US$ Million)
Figure 29. Asia Pacific Overhead Cranes Market Breakdown, by Country, 2021 & 2028 (%)
Figure 30. China Overhead Cranes Market, Revenue and Forecast to 2028 (US$ Million)
Figure 31. Japan Overhead Cranes Market, Revenue and Forecast to 2028 (US$ Million)
Figure 32. India Overhead Cranes Market, Revenue and Forecast to 2028 (US$ Million)
Figure 33. South Korea Overhead Cranes Market, Revenue and Forecast to 2028 (US$ Million)
Figure 34. Australia Overhead Cranes Market, Revenue and Forecast to 2028 (US$ Million)
Figure 35. Rest of Asia Pacific Overhead Cranes Market, Revenue and Forecast to 2028 (US$ Million)
- ABUS Kransysteme GmbH
- Cargotec Corp
- Demag Cranes & Components GmbH
- Gorbel Inc
- Konecranes Plc
- Liebherr-International Deutschland GmbH
- Sumitomo Heavy Industries Ltd
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia-Pacific overhead cranes market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Asia-Pacific overhead cranes market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Asia-Pacific market trends and outlook coupled with the factors driving the overhead cranes market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.