Overhead Cranes Market Size to Grow $8.68 Billion, at a 5.78% CAGR by 2032 – Report by SNS Insider

Overhead Cranes Market Driven by Industrial Expansion and Increasing Adoption of Advanced Material Handling Solutions.

Austin, Feb. 05, 2025 (GLOBE NEWSWIRE) — The SNS Insider has released a report on the Overhead Cranes Market Report, which shows that the market valuation was  USD 5.24 billion in 2023 and will grow to USD 8.68 Billion by 2032, at a Compound Annual Growth Rate (CAGR) of 5.78% between 2024 and 2032. Increasing automation and rising demand for smart lifting equipment in various end-use sectors such as construction, logistics, and manufacturing is expected to propel the market growth over the forecast period.


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Overhead Cranes Market Report Scope:

Report Attributes Details
Market Size in 2023 USD 5.24 Billion
Market Size by 2032 USD 8.68 Billion
CAGR CAGR of 5.78% From 2024 to 2032
Base Year 2023
Forecast Period 2024-2032
Historical Data 2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (Gantry Cranes, Jib Cranes, Bridge Cranes, Others)
• By Lifting Capacity (Up to 5 Ton, 6-10 Ton, 11-50 Ton, More Than 50 Ton)
• By End Use Industry (Manufacturing, Automotive and Transportation, Construction, Metal and Mining, Power and Utilities, Ports and Shipyards, Others)
Key Drivers • The overhead cranes market is growing rapidly due to the rising demand for automation and smart technologies, driven by Industry 4.0 and digital transformation.

By Type: In 2023, the bridge cranes segment accounted for more than 37% of the market share.

Such lifting solutions are indispensable in sectors demanding the accurate movement of heavy loads across wide areas. The significance of such machines is actualized by their crucial utility in fields like automotive, production of heavy machinery as well as infrastructure. Bridge cranes are designed to cross large areas with screenshots while maintaining operational precision, superior load management makes them the best option for companies that prioritize precision and safety in their production processes.

By Capacity Lifted: The “Up to 5 Ton” segment accounted for over 42% of total revenue in 2023. Light and midrange lifting systems are widely used throughout the production facility, storage depot, and distribution center as they are relatively cheaper and offer versatility. Them solutions address day-to-day operational requirements (product or materials handling to assembly jobs and lightweight machines movement). Their affordability and ease of integration into different industrial setups are making them popular. With enterprises prioritizing the efficiency of the supply chain and minimizing costs, lifting mechanisms are in constant demand, allowing productivity and secure handling of products when needed.

Key Players:

  • ABUS Kransysteme GmbH (Overhead cranes, workstation cranes, gantry cranes)
  • Columbus McKinnon Corporation (CMCO) (Electric hoists, cranes, lifting and rigging products)
  • EMH, Inc. (Overhead cranes, bridge cranes, custom lifting solutions)
  • GH Cranes & Components (Industrial cranes, overhead cranes, hoists)
  • Gorbel Cranes (Workstation cranes, overhead cranes, jib cranes)
  • Kito Corporation (Electric hoists, manual hoists, overhead cranes)
  • Konecranes Plc (Overhead cranes, lifting equipment, container handling solutions)
  • Ralf Teichmann GmbH (Overhead cranes, hoists, lifting equipment)
  • Sumitomo Heavy Industries Material Handling Systems Co., Ltd. (Overhead cranes, gantry cranes, electric hoists)
  • Weihua Group (Overhead cranes, gantry cranes, hoists, lifting equipment)
  • Terex Corporation (Overhead cranes, gantry cranes, lifting and material handling solutions)
  • Liebherr Group (Cranes, lifting equipment, crawler cranes)
  • Jaso Industrial Cranes (Overhead cranes, bridge cranes, gantry cranes)
  • Sany Group (Overhead cranes, gantry cranes, industrial lifting equipment)
  • Cargotec Corporation (Crane solutions, lifting solutions, container handling cranes)
  • Dongqi Crane (Overhead cranes, gantry cranes, jib cranes, hoists)
  • DHS Crane (Custom overhead cranes, lifting and material handling systems)
  • ZPMC (Shanghai Zhenhua Heavy Industries Co.) (Overhead cranes, gantry cranes, container cranes)
  • Demag Cranes & Components (Overhead cranes, hoists, lifting solutions)
  • Faymonville (Modular trailers, overhead lifting equipment, cranes)

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In 2023, the Overhead Cranes Market’s Asia-Pacific Lead, North America to Experience Rapid Growth

The Asia-Pacific region has dominated with a market share of over 36% in 2023. Regional growth is driven by developments in industries in China, India, Japan, and South Korea. Soaring manufacturing and warehousing activities are driving demand for progressive lifting solutions with infrastructure upgrades. Moreover, multiple manufacturing hubs and low-cost production processes support the position of Asia-Pacific in the world supply chain for these cranes.

North America is expected to witness the highest growth during the forecast period. Increasing adoption rates are primarily driven by expanding automotive production, aerospace advancements, and investments in the construction sector. Moreover, the only way to improve performance, safety, and energy efficiency in crane operations is to leverage the latest advancements in smart monitoring systems, IoT-based automation, and green energy sources. It further drives increased market penetration in the region by upgrading existing machines to integrate these inventions.

Recent Development

In June 2024: Liebherr’s Ehingen facility in Germany unveiled its latest engineering breakthrough with the launch of the LTM 1400-6.1, recognized as the most powerful 6-axle crane in its category. Boasting a 70-meter extendable boom, this innovation ensures streamlined setup and optimized lifting capacity, replacing the well-regarded LTM 1350-6.1.

In August 2024: Konecranes unveiled its premier X-series lifting solution, replacing the widely popular CXT version. Boasting a sleek, space-efficient structure and cutting-edge, secure mechanisms, this innovation offers remote upgrade capabilities, ensuring adaptability for present and forthcoming client demands.

Table of Contents – Major Key Points

1. Introduction

2. Executive Summary

3. Research Methodology

4. Market Dynamics

5. Statistical Insights and Trends Reporting

6. Competitive Landscape

7. Overhead Cranes Market Segmentation, By Type

8. Overhead Cranes Market Segmentation, By Lifting Capacity

9. Overhead Cranes Market Segmentation, By End Use Industry

10. Regional Analysis

11. Company Profiles

12. Use Cases and Best Practices

13. Conclusion


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