South America 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
Despite many economic challenges, favorable government initiatives would propel the growth of the region’s economy during the forecast period. The region has the highest urbanization rate globally owing to the government initiatives that support the industrial growth. With growth in the industrial sector, the scope of integrating advanced machinery and equipment is expected to increase. Food & beverages, oil, petroleum, natural gas, mining, and automobile are among the most mature industries with a vast number of manufacturing facilities and thus are the foremost industries of the region. To assist in the manufacturing process of mentioned industries, the adoption of automated overhead cranes will rise. Moreover, the scope of factory automation is prevailing in the region, which is another factor expected to make the grow exponentially. For instance, in February 2021, a global company in autonomous mobile robots and warehouse automation, Geek+, has signed a partnership agreement with a provider of mobile solutions in South America—Boreal Technologies SA. The partnership depicts about the commitment of both the companies to help early adopters in intelligent logistics and manufacturing & advance digitalization, automation, and optimization of supply chain operations across the region. Moreover, with growing automation in the region, the warehousing market is getting transformed. Automation is encouraging the warehouse operators to adopt automation in their warehouse. It is expected that automation will begin with autonomous mobile robots, and other advanced machinery. The trend of warehouse automation in SAM is forecasted to create lucrative opportunities for automated overhead cranes.
In case of COVID-19, SAM is highly affected specially Brazil. In the aviation industry, managing a hanger requires moving equipment that is heavy and huge. Engines, interiors, ailerons, and other crucial parts must be moved cautiously and placed accurately. An overhead crane makes sure that all such aspects of aviation assembly and repair are carried out carefully. Due to various limitations on air cargo, overhead cranes required in this sector observed significantly less demand. Overhead cranes are widely used for loading and unloading massive units at seaports. A seaport is considered as the gateway of international commerce, and these sites are considerably busy with arrival and departure of ships from all over the world. Due to cross border trade restrictions, international trade operations were reduced notably. This affected the demand for overhead cranes of various types required in the transportation industry. Consequently, this pandemic has also impacted the sales of respective spare parts and components related to automated overhead cranes. Since the governments announced containment measures, the region experienced decline in manufacturing and construction activities, which ultimately affected the adoption of automated overhead cranes from various end users. Moreover, the disruption in distribution of automated overhead cranes in the region affected the market from supply side. However, after the situation normalizes, this market will witness a promising growth in this region.
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Market Overview and Dynamics
The SAM automated overhead crane market is expected to grow from US$ 105.26 million in 2021 to US$ 137.54 million by 2028; it is estimated to grow at a CAGR of 3.9% from 2021 to 2028. The use of cranes in shipbuilding industry has been witnessing a significant surge over the past years, owing to rise in sea-borne trade and various other naval activities. Several automated gantry crane manufacturers operating in the market are focusing robustly on offering a wide range of products. This has been a key driving factor for market. The gantry crane industry is poised to surge over the forthcoming years as several developments are underway to enhance the capabilities of the machines. Automated shipbuilding cranes is one of the key focuses of the gantry crane manufacturers in the current scenario. The gantry cranes are being robustly used for lifting extremely heavy objects, and thus, are extensively used in shipyards and ports. The shipbuilding industry deals with the manufacturing of vessels that are used for offshore industry, merchant fleet, and military application. It is also associated with other significant sectors such as research, transportation, and security, which plays a vital role in national security interests and regional industrial infrastructure. Several governments across the region are spending heavily on the development of automated gantry cranes. Therefore, the development of shipbuilding/shipyards industry is estimated to fuel the growth of the gantry crane. The development of automated gantry cranes is projected to be one of the foremost technological advancements in the overhead crane industry. The application of connected technologies is already infused across the material handling equipment industry, and it has also witnessed the expansion of GPS-powered and IoT-enabled cranes. Thus, enhanced smart operations, higher fuel efficiency, and lower cost of ownership are some of the key features which have boosted the effectiveness of smart gantry cranes, thereby driving the SAM automated overhead crane market growth.
Key Market Segments
In terms of type, the gantry cranes segment accounted for the largest share of the SAM automated overhead crane market in 2020. In terms of level of automation, the semi-automated segment held a larger market share of SAM automated overhead crane market in 2020. Further, the manufacturing segment held a larger share of the SAM 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 SAM 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.; Konecranes Oyj; Sumitomo Heavy Industries Material Handling Systems Co., Ltd.; and Weihua Group.
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SAM Automated Overhead Crane Market Segmentation
SAM Automated Overhead Crane Market - By Type
- Bridge Crane
- Gantry Crane
- Monorail Crane
- Jib Crane
- Others
SAM Automated Overhead Crane Market - By Level of Automation
- Semi-Automated
- Fully Automated
SAM Automated Overhead Crane Market - By Industry
- Manufacturing
- Shipbuilding
- Metals and Steel
- Others
SAM Automated Overhead Crane Market - By Country
- Brazil
- Rest of SAM
SAM Automated Overhead Crane Market - Company Profiles
- DONGQI GROUP
- EMH, Inc
- EntsorgaFin S.p.A.
- 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. SAM Automated Overhead Crane Market Landscape
4.1 Market Overview
4.2 SAM PEST Analysis
4.3 Ecosystem Analysis
5. SAM Automated Overhead Crane Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Automation in the Manufacturing Sector
5.1.2 Development of Automated Shipbuilding Cranes
5.2 Market Restraints
5.2.1 High Upfront Costs Involved in Implementation and Maintenance
5.3 Market Opportunities
5.3.1 Rising Number of Distribution and Warehousing Centers
5.4 Future Trends
5.4.1 Adoption of Industry 4.0 for Smarter Lifting Equipment
5.5 Impact Analysis of Drivers and Restraints
6. Automated Overhead Crane Market– SAM Analysis
6.1 SAM Automated Overhead Crane Market Overview
6.2 SAM Automated Overhead Crane Market Revenue Forecast and Analysis
7. SAM Automated Overhead Crane Market Revenue and Forecast to 2028 – By Type
7.1 Overview
7.2 SAM 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. SAM Automated Overhead Crane Market Analysis and Forecast to 2028 – By Level of Automation
8.1 Overview
8.2 SAM 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. SAM Automated Overhead Crane Market Analysis and Forecast to 2028 – By Industry
9.1 Overview
9.2 SAM 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. SAM Automated Overhead Crane Market – Country Analysis
10.1 Overview
10.1.1 SAM: Automated Overhead Crane Market, by Key Country
10.1.1.1 Brazil: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Brazil: Automated Overhead Crane Market, by Type
10.1.1.1.2 Brazil: Automated Overhead Crane Market, by Level of Automation
10.1.1.1.3 Brazil: Automated Overhead Crane Market, by Industry
10.1.1.2 Rest of SAM: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Rest of SAM: Automated Overhead Crane Market, by Type
10.1.1.2.2 Rest of SAM: Automated Overhead Crane Market, by Level of Automation
10.1.1.2.3 Rest of SAM: Automated Overhead Crane Market, by Industry
11. SAM Automated Overhead Crane Market - COVID-19 Impact Analysis
11.1 SAM: 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 Weihua Group
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 Sumitomo Heavy Industries Material Handling Systems Co., Ltd.
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
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. SAM Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
Table 2. SAM: Automated Overhead Crane Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil: Automated Overhead Crane Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil: Automated Overhead Crane Market, by Level of Automation – Revenue and Forecast to 2028 (US$ Million)
Table 5. Brazil: Automated Overhead Crane Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 6. Rest of SAM: Automated Overhead Crane Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Rest of SAM: Automated Overhead Crane Market, by Level of Automation – Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of SAM: Automated Overhead Crane Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 9. List of Abbreviation
LIST OF FIGURES
Figure 1. SAM Automated Overhead Crane Market Segmentation
Figure 2. SAM Automated Overhead Crane Market Segmentation – By Country
Figure 3. SAM Automated Overhead Crane Market Overview
Figure 4. SAM Automated Overhead Crane Market, by Type
Figure 5. SAM Automated Overhead Crane Market, by Industry
Figure 6. SAM Automated Overhead Crane Market, by Country
Figure 7. SAM – PEST Analysis
Figure 8. SAM Automated Overhead Crane Market: Ecosystem Analysis
Figure 9. SAM Automated Overhead Crane Market: Impact Analysis of Drivers and Restraints
Figure 10. SAM Automated Overhead Crane Market Revenue Forecast and Analysis (US$ Million)
Figure 11. SAM Automated Overhead Crane Market, by Type (2020 & 2028)
Figure 12. SAM Bridge Cranes: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. SAM Gantry Cranes: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. SAM Monorail Cranes: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. SAM Jib Cranes: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. SAM Others: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. SAM Automated Overhead Crane Market, by Level of Automation (2020 & 2028)
Figure 18. SAM Semi-Automated: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. SAM Fully Automated: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. SAM Automated Overhead Crane Market, by Industry (2020 & 2028)
Figure 21. SAM Manufacturing: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. SAM Shipbuilding: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. SAM Metals and Steel: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. SAM Others: Automated Overhead Crane Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. SAM: Automated Overhead Crane Market, by Key Country – Revenue (2020) (USD Million)
Figure 26. SAM: Automated Overhead Crane Market Revenue Share, by Key Country (2020 & 2028)
Figure 27. Brazil: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Rest of SAM: Automated Overhead Crane Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Impact of COVID-19 Pandemic in SAM Country Markets
- DONGQI GROUP
- EMH, Inc
- EntsorgaFin S.p.A.
- Konecranes Oyj
- Sumitomo Heavy Industries Material Handling Systems Co., Ltd.
- Weihua Group
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- Scrutinize in-depth SAM market trends and outlook coupled with the factors driving the automated overhead crane market, as well as those hindering it
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