Europe 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 Europe overhead cranes market is expected to grow from US$ 1,250.49 million in 2022 to US$ 1,792.89 million by 2028. It is estimated to grow at a CAGR of 6.2% from 2022 to 2028.
Technological Advancements in Overhead Crane in Europe 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 Europe overhead cranes market in the future.
Europe Overhead Cranes Market Overview
The Europe overhead cranes market, by country, is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The region has a robust automotive industry contributing more than 6% to the GDP annually. More than 12 million units of vehicles are manufactured by 27 European Union (EU) member states in 2022. Europe is also experiencing the establishment of new automotive production plants. In 2022, BYD Auto Co Ltd and Volkswagen announced their intentions to open new production plants across Europe to develop electric vehicles. The expanding automotive industry in the region is driving the demand for overhead cranes for applications such as warehousing, transportation, and material & machine handling across manufacturing plants.
European countries are also witnessing a rise in the robust machinery and medical devices manufacturing industries. A few manufacturers to be mentioned are Novartis, Koninklijke Philips, Fresenius Medical Care, Siemens Healthiness, Atlas Machinery (UK) Ltd, Brüel & Kjær Vibro GmbH, Barin, and Danley Engineering Ltd. These companies are also engaged in the expansion of their product portfolio and geographic expansion both domestically and internationally. Therefore, there is a rising demand for overhead cranes across production facilities for storage, transportation, and loading and unloading of huge machines with efficiency and minimum damage.
Europe Overhead cranes market Revenue and Forecast to 2028 (US$ Million)
Europe Overhead cranes market Segmentation
The Europe 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 Europe market is bifurcated into mobile crane and fixed crane. The mobile crane segment registered a larger market share in 2022.
Based on operation type, the Europe overhead cranes market is segmented into hydraulic, electric, and hybrid. The electric segment registered the largest market share in 2022.
Based on verticals, the Europe 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 Europe overhead cranes market is segmented into France, Germany, UK, Italy, Russia, and Rest of Europe. Germany 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 Europe overhead cranes market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Overhead Cranes Market – By Type
1.3.2 Europe Overhead Cranes Market – By Installation
1.3.3 Europe Overhead Cranes Market – By Operation Type
1.3.4 Europe Overhead Cranes Market – By Verticals
1.3.5 Europe Overhead Cranes Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Overhead Cranes Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe 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 – Europe Analysis
6.1 Europe Overhead Cranes Market Overview
6.2 Europe Overhead Cranes Market – Revenue and Forecast to 2028 (US$ Million)
7. Europe Overhead Cranes Market Analysis – By Type
7.1 Overview
7.2 Europe 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. Europe Overhead Cranes Market Analysis – By Installation
8.1 Overview
8.2 Europe 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. Europe Overhead Cranes Market Analysis – By Operation Type
9.1 Overview
9.2 Europe 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. Europe Overhead Cranes Market Analysis – By Verticals
10.1 Overview
10.2 Europe 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. Europe Overhead Cranes Market – Country Analysis
11.1 Overview
11.1.1 Europe Overhead Cranes Market Breakdown, by Country
11.1.1.1 Germany Overhead Cranes Market, Revenue and Forecast to 2028
11.1.1.1.1 Germany Overhead Cranes Market Breakdown, By Type
11.1.1.1.2 Germany Overhead Cranes Market Breakdown, By Installation
11.1.1.1.3 Germany Overhead Cranes Market Breakdown, By Operation Type
11.1.1.1.4 Germany Overhead Cranes Market Breakdown, By Verticals
11.1.1.2 France Overhead Cranes Market, Revenue and Forecast to 2028
11.1.1.2.1 France Overhead Cranes Market Breakdown, By Type
11.1.1.2.2 France Overhead Cranes Market Breakdown, By Installation
11.1.1.2.3 France Overhead Cranes Market Breakdown, By Operation Type
11.1.1.2.4 France Overhead Cranes Market Breakdown, By Verticals
11.1.1.3 UK Overhead Cranes Market, Revenue and Forecast to 2028
11.1.1.3.1 UK Overhead Cranes Market Breakdown, By Type
11.1.1.3.2 UK Overhead Cranes Market Breakdown, By Installation
11.1.1.3.3 UK Overhead Cranes Market Breakdown, By Operation Type
11.1.1.3.4 UK Overhead Cranes Market Breakdown, By Verticals
11.1.1.4 Italy Overhead Cranes Market, Revenue and Forecast to 2028
11.1.1.4.1 Italy Overhead Cranes Market Breakdown, By Type
11.1.1.4.2 Italy Overhead Cranes Market Breakdown, By Installation
11.1.1.4.3 Italy Overhead Cranes Market Breakdown, By Operation Type
11.1.1.4.4 Italy Overhead Cranes Market Breakdown, By Verticals
11.1.1.5 Russia Overhead Cranes Market, Revenue and Forecast to 2028
11.1.1.5.1 Russia Overhead Cranes Market Breakdown, By Type
11.1.1.5.2 Russia Overhead Cranes Market Breakdown, By Installation
11.1.1.5.3 Russia Overhead Cranes Market Breakdown, By Operation Type
11.1.1.5.4 Russia Overhead Cranes Market Breakdown, By Verticals
11.1.1.6 Rest of Europe Overhead Cranes Market, Revenue and Forecast to 2028
11.1.1.6.1 Rest of Europe Overhead Cranes Market Breakdown, By Type
11.1.1.6.2 Rest of Europe Overhead Cranes Market Breakdown, By Installation
11.1.1.6.3 Rest of Europe Overhead Cranes Market Breakdown, By Operation Type
11.1.1.6.4 Rest of Europe 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. Europe Overhead Cranes Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Europe Overhead Cranes Market, Revenue and Forecast To 2028 – By Country (US$ Million)
Table 3. Germany Overhead Cranes Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 4. Germany Overhead Cranes Market, Revenue and Forecast to 2028 – By Installation (US$ Million)
Table 5. Germany Overhead Cranes Market, Revenue and Forecast to 2028 – By Operation Type (US$ Million)
Table 6. Germany Overhead Cranes Market, Revenue and Forecast to 2028 – By Verticals (US$ Million)
Table 7. France Overhead Cranes Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 8. France Overhead Cranes Market, Revenue and Forecast to 2028 – By Installation (US$ Million)
Table 9. France Overhead Cranes Market, Revenue and Forecast to 2028 – By Operation Type (US$ Million)
Table 10. France Overhead Cranes Market, Revenue and Forecast to 2028 – By Verticals (US$ Million)
Table 11. UK Overhead Cranes Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 12. UK Overhead Cranes Market, Revenue and Forecast to 2028 – By Installation (US$ Million)
Table 13. UK Overhead Cranes Market, Revenue and Forecast to 2028 – By Operation Type (US$ Million)
Table 14. UK Overhead Cranes Market, Revenue and Forecast to 2028 – By Verticals (US$ Million)
Table 15. Italy Overhead Cranes Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 16. Italy Overhead Cranes Market, Revenue and Forecast to 2028 – By Installation (US$ Million)
Table 17. Italy Overhead Cranes Market, Revenue and Forecast to 2028 – By Operation Type (US$ Million)
Table 18. Italy Overhead Cranes Market, Revenue and Forecast to 2028 – By Verticals (US$ Million)
Table 19. Russia Overhead Cranes Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 20. Russia Overhead Cranes Market, Revenue and Forecast to 2028 – By Installation (US$ Million)
Table 21. Russia Overhead Cranes Market, Revenue and Forecast to 2028 – By Operation Type (US$ Million)
Table 22. Russia Overhead Cranes Market, Revenue and Forecast to 2028 – By Verticals (US$ Million)
Table 23. Rest of Europe Overhead Cranes Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 24. Rest of Europe Overhead Cranes Market, Revenue and Forecast to 2028 – By Installation (US$ Million)
Table 25. Rest of Europe Overhead Cranes Market, Revenue and Forecast to 2028 – By Operation Type (US$ Million)
Table 26. Rest of Europe Overhead Cranes Market, Revenue and Forecast to 2028 – By Verticals (US$ Million)
Table 27. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Overhead Cranes Market Segmentation
Figure 2. Europe Overhead Cranes Market Segmentation – By Country
Figure 3. Europe Overhead Cranes Market Overview
Figure 4. Europe Overhead Cranes Market, by type
Figure 5. Europe Overhead Cranes Market, by Country
Figure 6. Europe: PEST Analysis
Figure 7. Expert Opinion
Figure 8. Europe Overhead Cranes Market Impact Analysis of Drivers and Restraints
Figure 9. Europe Overhead Cranes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. Europe Overhead Cranes Market Revenue Share, By Type (2021 and 2028)
Figure 11. Gantry Crane: Europe Overhead Cranes Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 12. Bridge Crane: Europe Overhead Cranes Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 13. Jib Crane: Europe Overhead Cranes Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 14. Monorail Crane: Europe Overhead Cranes Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 15. Others: Europe Overhead Cranes Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 16. Europe Overhead Cranes Market Revenue Share, By Installation (2021 and 2028)
Figure 17. Fixed Crane: Europe Overhead Cranes Market- Revenue and Forecast to 2028 (US$ Million)
Figure 18. Mobile Crane: Europe Overhead Cranes Market- Revenue and Forecast to 2028 (US$ Million)
Figure 19. Europe Overhead Cranes Market Revenue Share, By Operation Type (2021 and 2028)
Figure 20. Europe Electric Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Europe Hydraulic Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Europe Hybrid Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Europe Overhead Cranes Market Revenue Share, By Verticals (2021 and 2028)
Figure 24. Europe Logistics Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Europe Automotive Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Europe Marine Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Europe Others Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Europe: Overhead Cranes Market, by Key Country – Revenue (2021) (US$ Million)
Figure 29. Europe Overhead Cranes Market Breakdown, by Country, 2021 & 2028 (%)
Figure 30. Germany Overhead Cranes Market, Revenue and Forecast to 2028 (US$ Million)
Figure 31. France Overhead Cranes Market, Revenue and Forecast to 2028 (US$ Million)
Figure 32. UK Overhead Cranes Market, Revenue and Forecast to 2028 (US$ Million)
Figure 33. Italy Overhead Cranes Market, Revenue and Forecast to 2028 (US$ Million)
Figure 34. Russia Overhead Cranes Market, Revenue and Forecast to 2028 (US$ Million)
Figure 35. Rest of Europe 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
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