Dublin, October 12, 2021--(BUSINESS WIRE)--"Global Automatic Overhead Crane Market Forecast to 2028-COVID-19 Impact and Global Type Analysis (Overhead Crane, Gantry Crane, Monorail Crane, Cantilever) Cranes, etc.), automation level and industry" reports have been added to ResearchAndMarkets.com's products.
The global automated bridge crane market is expected to grow from US$1.854 billion in 2021 to US$2.9285 billion in 2028; the compound annual growth rate is expected to be 6.7% from 2021 to 2028.
Retail stores have a growing demand for omni-channel distribution and supply chain strategies to meet customer needs anytime and anywhere, which has increased the number of warehouses and distribution centers worldwide. The continued growth of e-commerce, 3PL, fast-moving consumer goods (FMCG), fast-moving consumer goods (FMCD), retail and manufacturing is supporting the increasing number of organized warehouse spaces in India. E-commerce and 3PL market participants are the main adopters of organized warehousing space. For example, the growing Indian e-commerce industry is driving an increase in the number of warehouses and distribution centers across the country. Electronic retailers are now looking forward to opening warehouses in first- and second-tier cities. Therefore, it is expected that the demand for automatic bridge cranes in warehouses and distribution centers will increase for lifting heavy equipment and material handling. Warehouse cranes are usually composed of single-beam bridge cranes, double-beam bridge cranes and electric hoist gantry cranes for lifting purposes. Most warehouses and distribution centers use automatic bridge cranes with lifting capacities of 1, 3, 5, 10, and up to 100 tons.
The automatic bridge crane market is subdivided into types, automation levels, industries and regions. According to the type, the automatic bridge crane market is subdivided into bridge cranes, gantry cranes, monorail cranes, cantilever cranes, etc. The gantry segment will account for the largest share of the entire market in 2021. In terms of automation level, the automatic bridge crane market is further subdivided into semi-automatic and fully automatic.
In 2021, the semi-automatic market segment will occupy a larger market share. According to the industry, the automatic bridge crane market is segmented into manufacturing, shipbuilding, metal, and steel. In 2021, the manufacturing sector dominates the market for automatic bridge cranes. Geographically, the market is roughly divided into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM). In 2021, the Asia-Pacific region will account for the largest share of the global market.
The COVID-19 epidemic has severely affected the world, and many countries around the world can still feel its impact. Before the COVID-19 outbreak, the crane industry had seen considerable growth in many regions; however, the pandemic has led to a significant decline in the adoption rate of automatic bridge cranes, including bridge cranes, gantry cranes, monorail cranes and jib cranes . The production and supply chain of automatic overhead cranes have been adversely affected due to containment measures such as closures, blockades and travel restrictions. As many countries strictly implement containment measures to control the surge in the number of COVID-19 cases, trade activities have been significantly affected, which further affects the manufacturing of automatic overhead cranes from the supply side to 2020. However, in the last quarter of 2020, many trading businesses have begun to accelerate, and market participants' demand for automatic bridge cranes has begun to increase.
By identifying the growth, size, leading players and market segments of the global automatic bridge crane market, save and reduce the time for entry-level research:
Highlight key business priorities to help the company realign its business strategy
The main findings and recommendations highlight the key advancement industry trends in the global automatic bridge crane market, so that participants in the entire value chain can formulate effective long-term strategies
Develop/modify business expansion plans by using substantial growth in developed and emerging markets
In-depth examination of global market trends and prospects, as well as factors that promote the market and hinder market development
Enhance the decision-making process by understanding strategies that support the commercial benefits of customer products, segmentation, pricing, and distribution
Manufacturing automation continues to increase
The rise of automated shipbuilding cranes
High upfront costs involved in installation, upgrades and maintenance
The number of distribution centers and warehouses continues to increase
Use Industry 4.0 to create smarter lifting equipment
Henan Chrysler System Co., Ltd.
Sumitomo Heavy Industries Material Handling System Co., Ltd.
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