North America 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 North America overhead cranes market is expected to grow from US$ 1,020.54 million in 2022 to US$ 1,558.94 million by 2028. It is estimated to grow at a CAGR of 7.3% from 2022 to 2028.
Growing Need for Workplace Safety in Industrial Applications in North America 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 measures. 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 North America overhead cranes market growth.
North America Overhead Cranes Market Overview
The overhead cranes market in North America is segmented into the US, Canada, and Mexico. North America is the world's most industrially developed region. The growing manufacturing in the automotive, marine, and utility industries and rapid urbanization are expected to support the regional market growth during the forecast period. In the automotive industry, overhead cranes are used to lift heavy loads and cars during manufacturing, assembly, and vehicle transit. The use of cranes ensures 100% damage prevention of car body parts during car maintenance, assembly, and supply. They also increase overall productivity by improving production line efficiency and stability. The significant rise in the production of automotive vehicles owing to an increase in per capita income and the surge in demand for automobiles across North America has increased the need for overhead cranes. According to President Biden’s Economic Plan, the manufacturing of electric vehicles (EVs) will boost the economy in North America. A few automakers such as Toyota, Honda, Ford Motor Company, General Motors, and Panasonic announced investments in EVs manufacturing. In October 2022, Honda announced an investment of US$ 700 million in three different Ohio plants to enhance EV production in the US.
North America Overhead cranes market Revenue and Forecast to 2028 (US$ Million)
North America Overhead cranes market Segmentation
The North America 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 North America 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 North America overhead cranes market is segmented into hydraulic, electric, and hybrid. The electric segment registered the largest market share in 2022.
Based on verticals, the North America 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 North America overhead cranes market is segmented into US, Canada, and Mexico. US dominated the market share in 2022.`
ABUS Kransysteme GmbH, Ace world Co, American Crane & Equipment Corp, Cargotec Corp, Demag Cranes & Components GmbH, Gorbel Inc, Konecranes Plc, Liebherr-International Deutschland GmbH, Sumitomo Heavy Industries Ltd, and Whiting Corp are the leading companies operating in the North America overhead cranes market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Overhead Cranes Market – By Type
1.3.2 North America Overhead Cranes Market – By Installation
1.3.3 North America Overhead Cranes Market – By Operation Type
1.3.4 North America Overhead Cranes Market – By Verticals
1.3.5 North America Overhead Cranes Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Overhead Cranes Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America 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 – North America Analysis
6.1 North America Overhead Cranes Market Overview
6.2 North America Overhead Cranes Market – Revenue and Forecast to 2028 (US$ Million)
7. North America Overhead Cranes Market Analysis – By Type
7.1 Overview
7.2 North America 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. North America Overhead Cranes Market Analysis – By Installation
8.1 Overview
8.2 North America 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. North America Overhead Cranes Market Analysis – By Operation Type
9.1 Overview
9.2 North America 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. North America Overhead Cranes Market Analysis – By Verticals
10.1 Overview
10.2 North America 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. North America Overhead Cranes Market – Country Analysis
11.1 Overview
11.1.1 North America Overhead Cranes Market Breakdown, by Country
11.1.1.1 US Overhead Cranes Market, Revenue and Forecast to 2028
11.1.1.1.1 US Overhead Cranes Market Breakdown, By Type
11.1.1.1.2 US Overhead Cranes Market Breakdown, By Installation
11.1.1.1.3 US Overhead Cranes Market Breakdown, By Operation Type
11.1.1.1.4 US Overhead Cranes Market Breakdown, By Verticals
11.1.1.2 Canada Overhead Cranes Market, Revenue and Forecast to 2028
11.1.1.2.1 Canada Overhead Cranes Market Breakdown, By Type
11.1.1.2.2 Canada Overhead Cranes Market Breakdown, By Installation
11.1.1.2.3 Canada Overhead Cranes Market Breakdown, By Operation Type
11.1.1.2.4 Canada Overhead Cranes Market Breakdown, By Verticals
11.1.1.3 Mexico Overhead Cranes Market, Revenue and Forecast to 2028
11.1.1.3.1 Mexico Overhead Cranes Market Breakdown, By Type
11.1.1.3.2 Mexico Overhead Cranes Market Breakdown, By Installation
11.1.1.3.3 Mexico Overhead Cranes Market Breakdown, By Operation Type
11.1.1.3.4 Mexico 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 Ace World Co
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 Sumitomo Heavy Industries Ltd
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 Liebherr-International Deutschland 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 Demag Cranes & Components 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 ABUS Kransysteme GmbH
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 American Crane & Equipment Corp
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 Konecranes Plc
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 Gorbel Inc
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
13.9 Whiting Corp
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Cargotec Corp
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. North America Overhead Cranes Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America Overhead Cranes Market, Revenue and Forecast To 2028 – By Country (US$ Million)
Table 3. US Overhead Cranes Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 4. US Overhead Cranes Market, Revenue and Forecast to 2028 – By Deployment (US$ Million)
Table 5. US Overhead Cranes Market, Revenue and Forecast to 2028 – By Operation Type (US$ Million)
Table 6. US Overhead Cranes Market, Revenue and Forecast to 2028 – By Verticals (US$ Million)
Table 7. Canada Overhead Cranes Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 8. Canada Overhead Cranes Market, Revenue and Forecast to 2028 – By Installation (US$ Million)
Table 9. Canada Overhead Cranes Market, Revenue and Forecast to 2028 – By Operation Type (US$ Million)
Table 10. Canada Overhead Cranes Market, Revenue and Forecast to 2028 – By Verticals (US$ Million)
Table 11. Mexico Overhead Cranes Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 12. Mexico Overhead Cranes Market, Revenue and Forecast to 2028 – By Installation (US$ Million)
Table 13. Mexico Overhead Cranes Market, Revenue and Forecast to 2028 – By Operation Type (US$ Million)
Table 14. Mexico Overhead Cranes Market, Revenue and Forecast to 2028 – By Verticals (US$ Million)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Overhead Cranes Market Segmentation
Figure 2. North America Overhead Cranes Market Segmentation – By Country
Figure 3. North America Overhead Cranes Market Overview
Figure 4. North America Overhead Cranes Market, by type
Figure 5. North America Overhead Cranes Market, by Country
Figure 6. North America: PEST Analysis
Figure 7. Expert Opinion
Figure 8. North America Overhead Cranes Market Impact Analysis of Drivers and Restraints
Figure 9. North America Overhead Cranes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. North America Overhead Cranes Market Revenue Share, By Type (2021 and 2028)
Figure 11. Gantry Crane: North America Overhead Cranes Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 12. Bridge Crane: North America Overhead Cranes Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 13. Jib Crane: North America Overhead Cranes Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 14. Monorail Crane: North America Overhead Cranes Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 15. Others: North America Overhead Cranes Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 16. North America Overhead Cranes Market Revenue Share, By Installation (2021 and 2028)
Figure 17. Fixed Crane: North America Overhead Cranes Market- Revenue and Forecast to 2028 (US$ Million)
Figure 18. Mobile Crane: North America Overhead Cranes Market- Revenue and Forecast to 2028 (US$ Million)
Figure 19. North America Overhead Cranes Market Revenue Share, By Operation Type (2021 and 2028)
Figure 20. North America Electric Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America Hydraulic Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. North America Hybrid Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. North America Overhead Cranes Market Revenue Share, By Verticals (2021 and 2028)
Figure 24. North America Logistics Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. North America Automotive Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. North America Marine Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. North America Others Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. North America: Overhead Cranes Market, by Key Country – Revenue (2021) (US$ Million)
Figure 29. North America Overhead Cranes Market Breakdown, by Country, 2021 & 2028 (%)
Figure 30. US Overhead Cranes Market, Revenue and Forecast to 2028 (US$ Million)
Figure 31. Canada Overhead Cranes Market, Revenue and Forecast to 2028 (US$ Million)
Figure 32. Mexico Overhead Cranes Market, Revenue and Forecast to 2028 (US$ Million)
- ABUS Kransysteme GmbH
- Ace world Co
- American Crane & Equipment Corp
- Cargotec Corp
- Demag Cranes & Components GmbH
- Gorbel Inc
- Konecranes Plc
- Liebherr-International Deutschland GmbH
- Sumitomo Heavy Industries Ltd
- Whiting Corp
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America 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 North America 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 North America 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