Europe 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)
Market Introduction
Germany, Russia, France, the UK, and Italy are the major countries in Europe known for large-scale industrialization and urbanization. Thus, they hold a great potential for adopting advanced solutions that boost the productivity of various industrial and urban processes. European countries are concentrated with prominent industries such as food & beverages, automobiles, chemicals, and pharmaceuticals. In addition to the aforementioned countries, Norway, Finland, Sweden, the Netherlands, Denmark, and Switzerland are the other European countries having robust contribution to the tech strength of the region, and they are anticipated to nurture the growth of automated overhead cranes. In terms of sales, automobiles, rail, marine, chemical processing, aerospace equipment, machinery, food, pharmaceutical goods, and electronics are the key products produced and bought by Europe. For the efficient production and supply of these products, automotive, aerospace, food & beverages, chemical, and pharmaceutical industries in the region need advanced machinery and equipment in their premises. To support manufacturing activities of above-mentioned industries, the automated overhead cranes are subjected to act a fruitful equipment. Automated overhead cranes offer benefits such as reduction in the capital expense associated with forklift systems, decrease of labor costs, and maintenance of track inventory, as well as optimize storage and increase productivity. Increasing development of automated shipbuilding cranes and rising automation in the manufacturing sector are the major factor driving the growth of the Europe automated overhead crane market.
In case of COVID-19, Europe is highly affected specially France and Russia. The region witnessed notable decline 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 before the pandemic started. Managing a large warehouse demand shifting and storing of large and heavy crates throughout the warehouse safely and quickly. A network of overhead cranes helps warehouse employees to keep the inventory organized and accessible so their containers and crates can be found and accessed seamlessly whenever required. Since e-commerce activities were reduced to a drastic extent, the demand for various overhead cranes decreased considerably in Europe. Count of new businesses and start-ups that need equipment such as factory equipment, industrial HVACs, and other large machinery was very less. Repair shops use both gantry cranes and bridge cranes to unload products, shift them around the shop and reload them. As the operations were decreased intensely, the demand for gantry cranes and bridge cranes declined immensely across Europe. As the supply chain of several industries was disrupted, including automated overhead cranes, the automated overhead cranes market players experienced severe hardships in selling various types of cranes in 2020. Moreover, as major ports in Europe were experiencing low traffic of vessels, the automated overhead cranes market witnessed decline from demand side in 2020.
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Market Overview and Dynamics
The Europe automated overhead crane market is expected to grow from US$ 515.08 million in 2021 to US$ 827.71 million by 2028; it is estimated to grow at a CAGR of 7.0% from 2021 to 2028. Escalating adoption of industry 4.0 for smarter lifting equipment is expected to fuel the market growth. The manufacturers of overhead cranes are focusing on designing a smarter lifting equipment by following the trends to develop smarter factories in high-end manufacturing industries. The implementation of automation, smart technology, digital communications, smart factories, the Internet of Things, networks, and cloud-based storage are some of the features offered with the adoption of Industry 4.0 as a part of the fourth industrial revolution. The integration of industry 4.0 with the overhead cranes upgrades the automation within the factory and allows intelligent connectivity of smart devices such as machine to product communication, and machine to machine communication. The implementation of smart technology with the overhead cranes permits them to collect the data from the operation of the cranes. Also, the growing trend of smart technology for maintenance purpose by reviewing the historical maintenance data and technical information of the crane, is boosting the adoption of automated overhead cranes across the Europe region.
Key Market Segments
In terms of type, the gantry cranes segment accounted for the largest share of the Europe automated overhead crane market in 2020. In terms of level of automation, the semi-automated segment held a larger market share of Europe automated overhead crane market in 2020. Further, the manufacturing segment held a larger share of the Europe 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 Europe 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; EntsorgaFin S.p.A.; Hoist UK; Konecranes Oyj; Sumitomo Heavy Industries Material Handling Systems Co., Ltd.; and Weihua Group.
Reasons to buy report
- To understand the Europe automated overhead crane market landscape and identify market segments that are most likely to guarantee a strong return
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- Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.
Europe Automated Overhead Crane Market Segmentation
Europe Automated Overhead Crane Market - By Type
- Bridge Crane
- Gantry Crane
- Monorail Crane
- Jib Crane
- Others
Europe Automated Overhead Crane Market - By Level of Automation
- Semi-Automated
- Fully Automated
Europe Automated Overhead Crane Market - By Industry
- Manufacturing
- Shipbuilding
- Metals and Steel
- Others
Europe Automated Overhead Crane Market - By Country
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
Europe Automated Overhead Crane Market - Company Profiles
- DONGQI GROUP
- EMH, Inc
- EntsorgaFin S.p.A.
- Hoist UK
- 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. Europe Automated Overhead Crane Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
5. Europe Automated Overhead Crane Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Automation in the Manufacturing Sector
5.1.2 Increasing Development of Automated Shipbuilding Cranes
5.2 Market Restraints
5.2.1 Expensive Installation and Maintenance
5.3 Market Opportunities
5.3.1 Growing Number of Distribution and Warehousing Centers
5.3.2
5.4 Future Trends
5.4.1 Escalating Adoption of Industry 4.0 for Smarter Lifting Equipment
5.5 Impact Analysis of Drivers and Restraints
6. Automated Overhead Crane Market– Europe Analysis
6.1 Europe Automated Overhead Crane Market Overview
6.2 Europe Automated Overhead Crane Market Revenue Forecast and Analysis
7. Europe Automated Overhead Crane Market Revenue and Forecast to 2028 – By Type
7.1 Overview
7.2 Europe 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. Europe Automated Overhead Crane Market Analysis and Forecast to 2028 – By Level of Automation
8.1 Overview
8.2 Europe 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. Europe Automated Overhead Crane Market Analysis and Forecast to 2028 – By Industry
9.1 Overview
9.2 Europe 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. Europe Automated Overhead Crane Market – Country Analysis
10.1 Overview
10.1.1 Europe: Automated Overhead Crane Market, by Key Country
10.1.1.1 France: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 France: Automated Overhead Crane Market, by Type
10.1.1.1.2 France: Automated Overhead Crane Market, by Level of Automation
10.1.1.1.3 France: Automated Overhead Crane Market, by Industry
10.1.1.2 Germany: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Germany: Automated Overhead Crane Market, by Type
10.1.1.2.2 Germany: Automated Overhead Crane Market, by Level of Automation
10.1.1.2.3 Germany: Automated Overhead Crane Market, by Industry
10.1.1.3 Italy: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Italy: Automated Overhead Crane Market, by Type
10.1.1.3.2 Italy: Automated Overhead Crane Market, by Level of Automation
10.1.1.3.3 Italy: Automated Overhead Crane Market, by Industry
10.1.1.4 UK: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 UK: Automated Overhead Crane Market, by Type
10.1.1.4.2 UK: Automated Overhead Crane Market, by Level of Automation
10.1.1.4.3 UK: Automated Overhead Crane Market, by Industry
10.1.1.5 Russia: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 Russia: Automated Overhead Crane Market, by Type
10.1.1.5.2 Russia: Automated Overhead Crane Market, by Level of Automation
10.1.1.5.3 Russia: Automated Overhead Crane Market, by Industry
10.1.1.6 Rest of Europe: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of Europe: Automated Overhead Crane Market, by Type
10.1.1.6.2 Rest of Europe: Automated Overhead Crane Market, by Level of Automation
10.1.1.6.3 Rest of Europe: Automated Overhead Crane Market, by Industry
11. Europe Automated Overhead Crane Market - COVID-19 Impact Analysis
11.1 Europe: 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 EntsorgaFin S.p.A.
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 Hoist UK
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 Weihua Group
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 Sumitomo Heavy Industries Material Handling Systems Co., Ltd.
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
13.8 Acculift
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Europe Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Europe: Automated Overhead Crane Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. France: Automated Overhead Crane Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. France: Automated Overhead Crane Market, by Level of Automation – Revenue and Forecast to 2028 (US$ Million)
Table 5. France: Automated Overhead Crane Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 6. Germany: Automated Overhead Crane Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Germany: Automated Overhead Crane Market, by Level of Automation – Revenue and Forecast to 2028 (US$ Million)
Table 8. Germany: Automated Overhead Crane Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 9. Italy: Automated Overhead Crane Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Italy: Automated Overhead Crane Market, by Level of Automation – Revenue and Forecast to 2028 (US$ Million)
Table 11. Italy: Automated Overhead Crane Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 12. UK: Automated Overhead Crane Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. UK: Automated Overhead Crane Market, by Level of Automation – Revenue and Forecast to 2028 (US$ Million)
Table 14. UK: Automated Overhead Crane Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 15. Russia: Automated Overhead Crane Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 16. Russia: Automated Overhead Crane Market, by Level of Automation – Revenue and Forecast to 2028 (US$ Million)
Table 17. Russia: Automated Overhead Crane Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Europe: Automated Overhead Crane Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Europe: Automated Overhead Crane Market, by Level of Automation – Revenue and Forecast to 2028 (US$ Million)
Table 20. Rest of Europe: Automated Overhead Crane Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 21. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Automated Overhead Crane Market Segmentation
Figure 2. Europe Automated Overhead Crane Market Segmentation – By Country
Figure 3. Europe Automated Overhead Crane Market Overview
Figure 4. Europe Automated Overhead Crane Market, by Type
Figure 5. Europe Automated Overhead Crane Market, by Industry
Figure 6. Europe Automated Overhead Crane Market, by Country
Figure 7. Europe – PEST Analysis
Figure 8. Europe Automated Overhead Crane Market: Ecosystem Analysis
Figure 9. Europe Automated Overhead Crane Market: Impact Analysis of Drivers and Restraints
Figure 10. Europe Automated Overhead Crane Market Revenue Forecast and Analysis (US$ Million)
Figure 11. Europe Automated Overhead Crane Market, by Type (2020 & 2028)
Figure 12. Europe Bridge Cranes: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Europe Gantry Cranes: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Europe Monorail Cranes: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Europe Jib Cranes: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Europe Others: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Europe Automated Overhead Crane Market, by Level of Automation (2020 & 2028)
Figure 18. Europe Semi-Automated: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Europe Fully Automated: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Europe Automated Overhead Crane Market, by Industry (2020 & 2028)
Figure 21. Europe Manufacturing: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Europe Shipbuilding: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Europe Metals and Steel: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Europe Others: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Europe: Automated Overhead Crane Market, by Key Country – Revenue (2020) (USD Million)
Figure 26. Europe: Automated Overhead Crane Market Revenue Share, by Key Country (2020 & 2028)
Figure 27. France: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Germany: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Italy: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. UK: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Russia: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Rest of Europe: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Impact of COVID-19 Pandemic in European Country Markets
- DONGQI GROUP
- EMH, Inc
- EntsorgaFin S.p.A.
- Hoist UK
- Konecranes Oyj
- Sumitomo Heavy Industries Material Handling Systems Co., Ltd.
- Weihua Group
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