Overhead
crane is a type of crane, used to displace, lift, and move heavy or bulky loads
in the industrial environment. It is equipped with parallel runways with a
hoist and a traveling bridge. Its lifting component mounted on a beam that
moves in multiple directions. The crane is also known as suspended crane and
bridge crane and, as it has high lifting proficiencies and can move objects via
overhead space in the facility. It is operated either using wired pendant
station or manually. Moreover, it can be fixed remotely with the help of
wireless control. It is widely used to complete inside loading & unloading
activities in manufacturing and storage facilities. It is also used to complete
lifting operations in shipping port. It has large scope application across various
end-user verticals for picking & placing heavy payloads.
The
key benefits are included improved load control, maximize productivity,
increased safety, transporting goods & move objects at a fast pace and easy
lifting of loads.
Based
on crane type, overhead cranes market is segmented into fixed crane and mobile
crane. Based on solution, market is segmented into service and product.
Services segment is further sub-segmented into repair services, maintenance
services and others (design, inspection, and training). Products segment is
further sub-segmented into gantry crane, bridge crane and others (monorail
crane, goliath crane, and workstation crane). The bridge crane includes single
girder bridge cranes and double girder bridge cranes. Double girder bridge
cranes hold major share in market owing to its feature as handle heavier
capacities and longer spans. Based on operation type, market is segmented into
electric, hydraulic and hybrid. In addition, based on end-user, market is
segmented into paper, metal & mining, automotive, utility, aerospace,
shipyards and others (chemical, transportation, logistics, and food &
beverage).
The
overhead cranes market is driven by growth in need for workplace safety in
industrial applications, followed by rise in government investment in
development of infrastructure activity, growth in factory automation, minimizes
human intervention, rise in need to handle heavy loads to replace forklifts,
and higher time optimization & reduced labor cost. However, lead time in
supply chain and limited availability of skilled workforce to complete
operation may impact the market. Moreover, rise in investment in manufacturing
sector is a key opportunity for market.
Based
on geography, the Asian-Pacific region holds major share in overhead cranes
market owing to large investment in the manufacturing sector and presence of
key manufacturing companies in the region. The North-American and European
regions are estimated to witness lucrative growth rate due to rise in
construction activities and growth in technological advancements for safety
purpose over the forecast period. In upcoming years, it is estimated that the
market will be reached at rapid pace on account of change in preferences
regarding safety & comfort along with rise in shifting focus towards compact
& remote operated cranes during the forecast period.
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