Overhead Cranes Market to Reach $5.04 Bn, Globally, by 2027 at 4.9% CAGR: Allied Market Research

Overhead Cranes Market to Reach $5.04 Bn, Globally, by 2027 at 4.9% CAGR: Allied Market Research

NEW CASTLE, DE, UNITED STATES, June 23, 2025 /EINPresswire.com/ -- Allied Market Research published a report, titled, "Overhead Cranes Market by Type (Single Girder and Double Girder), Business Type (OEM and Aftersales), and End User (Automotive, Metal & Mining, Paper, Utility, Aerospace, Shipyards, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027." According to the report, the global overhead cranes industry generated $3.77 billion in 2019, and is expected to generate $5.04 billion by 2027, witnessing a CAGR of 4.9% from 2020 to 2027.

Drivers, restraints, and opportunities

Rise in government investment in development of infrastructure activity, growth in need for workplace safety in industrial applications, and higher time optimization and reduced labor cost drive the growth of the global overhead cranes market. However, limited availability of skilled workforce to complete operation and time requirement for supply chain restrain the market growth. On the other hand, surge in investment in the manufacturing sector present new opportunities in the coming years.

Covid-19 Scenario

Manufacturing activities of overhead cranes have been slowed down during the global lockdown. In addition, factors such as pause in international trade and prolonged lockdowns have further impacted the market.
However, with the relaxations issued by government in several regions for economic benefits, the industry is anticipated to recoup soon.
Download Report Sample (236 Pages PDF with Insights) @ https://www.alliedmarketresearch.com/request-sample/4057

The singular girder segment to maintain its lead by 2027

Based on type, the singular girder segment held the largest market share, contributing to around two-thirds of the global overhead cranes market in 2019, and will maintain its lead position throughout the forecast period. In addition, the segment is also estimated to grow at the fastest CAGR of 5.2% from 2020 to 2027, owing to factors such as rise in number of small and medium scale original equipment manufacturers (OEM) and aftermarket service providers.

The OEM segment to retain its dominance in terms of revenue during the forecast period

Based on business type, the OEM segment contributed to the highest share in 2019, accounting for more than two-thirds of the global overhead cranes market, and is expected to maintain its dominance in terms of revenue during the forecast period. Utilization of high-quality raw materials for manufacturing of durable and strong mobile cranes drives the growth of the segment. However, the aftersales segment is projected to manifest the highest CAGR of 5.7% from 2020 to 2027, owing of the rising focus on aftermarket services by major players to promote consumer satisfaction.

Get detailed COVID-19 impact analysis on the Overhead Cranes Market: https://www.alliedmarketresearch.com/request-for-customization/4057?reqfor=covid

Asia-Pacific to dominate the market, North America to grow at a significant pace

Based on region, Asia-Pacific accounted for the highest share in 2019, holding nearly half of the global overhead cranes market, and will maintain its leadership status by 2027. In addition, this region is estimated to portray the largest CAGR of 5.4% during the forecast period. This is attributed to the development in manufacturing infrastructure in emerging Asian countries. Moreover, the market across North America is expected to manifest the CAGR of 4.0% during the forecast period.

Leading market players

ABUS Kransysteme GmbH
Columbus McKinnon Corporation (CMCO)
EMH, Inc.
GH Cranes & Components
Gorbel Cranes
Kito Corporation
Konecranes Plc
Ralf Teichmann GmbH
Sumitomo Heavy Industries Material Handling Systems Co., Ltd.
Weihua Group.

Interested in Procure Data? Visit Here: https://www.alliedmarketresearch.com/overhead-cranes-market/purchase-options

𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐢𝐧 𝐂𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

Chillers Market https://www.alliedmarketresearch.com/chillers-market
Construction & Demolition Waste Recycling Market https://www.alliedmarketresearch.com/construction-and-demolition-waste-recycling-market-A06246
Baby Diapers and Adult Incontinence Machine Market https://www.alliedmarketresearch.com/baby-diapers-and-adult-incontinence-machine-market-A11329
Asia & MENA Industrial Refrigeration Market https://www.alliedmarketresearch.com/asia-and-mena-industrial-refrigeration-market-A12232
Concrete Market https://www.alliedmarketresearch.com/concrete-market-A12420
Cargo Handling Equipment Market https://www.alliedmarketresearch.com/container-handling-equipment-market-A12251

About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int’l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com

Construction and Manufacturing Blog

David Correa
Allied Market Research
+ 1800-792-5285
email us here
Visit us on social media:
LinkedIn
Facebook
YouTube
X