The Middle East & Africa overhead cranes market is expected to grow from US$ 333.43 million in 2022 to US$ 455.36 million by 2028. It is estimated to grow at a CAGR of 5.3% from 2022 to 2028.
Growing Need for Workplace Safety in Industrial Applications in Middle East & Africa Overhead Cranes Market
In chemical, power, and construction industries, some processes involve constant exposure to toxic chemicals, heated material, and heavy loads. If these tasks can be handled manually, they can pose a risk to workers’ life. Lifting heavy loads with inappropriate handling can create risks for a worker handling it or in a nearby space. Therefore, industries are adopting several advanced equipment, machinery, and technologies to minimize human intervention and maximize productivity for workplace safety and health Middle East Africasures. Overhead cranes are specialized equipment designed to lift and transfer bulky, heavy loads, toxic chemicals, and heated material in industrial spaces. Automated processes with the help of overhead cranes provide safety to the industries' workforce and improve the quality and production process. Thus, increasing workplace safety in industrial applications fuels the overhead cranes market growth.
Middle East & Africa Overhead Cranes Market Overview
The Middle East & Africa (MEA) overhead cranes market, based on country, is segmented into Saudi Arabia, South Africa, the UAE, and the rest of Middle East Africa. Over the years, Saudi Arabia, the UAE, South Africa, and other Middle East Africa countries have increased their focus on promoting the manufacturing sector for overall economic development. Saudi Arabia is taking active initiatives under its Vision 2030 program to gain foreign investments and set up local manufacturing plants across the country to reduce their dependence on the oil & gas industry. Additionally, the Middle East Africa has a robust warehousing industry. The region has several logistics and warehousing companies responsible for distributing products from several industries across the world, owing to the best connectivity from the region. Thus, the presence of warehousing facilities across the Middle East Africa is bolstering the demand for overhead cranes for applications such as transportation, loading and unloading, and storage. All these factors are contributing to the growth of the Middle East Africa overhead cranes market
Middle East & Africa Overhead cranes market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Overhead cranes market Segmentation
The Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa overhead cranes market is segmented into hydraulic, electric, and hybrid. The electric segment registered the largest market share in 2022.
Based on verticals, the Middle East & Africa 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 Middle East & Africa overhead cranes market is segmented into Saudi Arabia, UAE, South Africa, and the Rest of Middle East & Africa. The Rest of Middle East Africa 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 Middle East & Africa overhead cranes market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 333.43 Million |
| Market Size by 2028 | US$ 455.36 Million |
| CAGR (2022 - 2028) | 5.3% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
The Middle East & Africa Overhead Cranes Market is valued at US$ 333.43 Million in 2022, it is projected to reach US$ 455.36 Million by 2028.
As per our report Middle East & Africa Overhead Cranes Market, the market size is valued at US$ 333.43 Million in 2022, projecting it to reach US$ 455.36 Million by 2028. This translates to a CAGR of approximately 5.3% during the forecast period.
The Middle East & Africa Overhead Cranes Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Overhead Cranes Market report:
The Middle East & Africa Overhead Cranes Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
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