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Overhead Crane Market Share

Report ID: GMI9431
Published Date: May 2024
Report Format: PDF

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Overhead Crane Market Share

Konecranes provides tailored solutions and integrated packages that incorporate overhead cranes with complementary offerings such as lifting accessories, controls, software, and post-sales assistance. This comprehensive approach ensures complete material handling solutions suitable for a variety of needs and industries.

Terex Corporation stays at the forefront of the overhead crane industry through ongoing R&D investment, partnerships with technology experts, and the integration of cutting-edge features, such as automation, IoT connectivity, and digitalization, into its crane offerings.

Overhead Crane Market Companies

Major companies operating in the overhead crane industry are:

Columbus McKinnon Corporation
Sumitomo Heavy Industries Material Handling Systems Co.Ltd
Ralf Teichmann GmbH
Gorbel Cranes
Konecranes
ABUS Kransysteme GmbH
Kito Corp
GH Cranes & Components
Weihua Group
EMH, Inc
Terex Corporation
Cargotec Corporation
Liebherr Group
ZPMC
Demag Cranes & Components GmbH
ABUS Kransysteme GmbH
STAHL CraneSystems

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of overhead crane reached USD 4.8 billion in 2023 and is set to witness 6% CAGR between 2024 and 2032, owing to the rising demand in end-user industries such as manufacturing, construction, and power generation.

The bridge segment accounted for over 34% share in 2023 and is expected to exceed USD 3.4 billion by 2032, as they are available in single or double-girder configurations, depending on the lifting capability required.

North America market accounted for a 39.6% share in 2023, attributed to government expenditures in infrastructure projects such as bridges, highways, and power plants.

Columbus McKinnon Corporation, Sumitomo Heavy Industries Material Handling Systems Co.Ltd, Ralf Teichmann GmbH, Gorbel Cranes, Konecranes, ABUS Kransysteme GmbH, Kito Corp, GH Cranes & Components, Weihua Group, EMH, Inc and Terex Corporation among others.