Overhead Cranes Market
Report ID: SQMIG45A2256
Report ID: SQMIG45A2256
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Report ID:
SQMIG45A2256 |
Region:
Global |
Published Date: December, 2025
Pages:
199
|Tables:
64
|Figures:
74
Overhead Cranes Market size was valued at USD 4.21 Billion in 2024 and is poised to grow from USD 4.41 Billion in 2025 to USD 6.36 Billion by 2033, growing at a CAGR of 4.7% during the forecast period 2026–2033.
The need for overhead cranes is growing, which is driving the growth of the global overhead cranes market. These services include manufacturing, transportation & logistics, warehousing & warehousing. Government and private sector organizations invest in infrastructure projects, including the construction of roads, dams, bridges, railways and waterways. Many heavy loads must be lifted and transported by large overhead cranes. Consequently, the need for overhead cranes is growing in this growing industry. Additionally, specially equipped overhead cranes provide precise operation if required. At launch, these measures are expected to increase the demand for overhead cranes.
Globally, infrastructure gaps are an urgent issue in almost all countries, requiring capital-based financing and recurring spending in seven sectors including energy, telecommunications, airports, including roads, railways, ports and water. According to the Global Infrastructure Group (GIH) by 2020. Current investments in 56 global countries are valued in US dollars $79 Billion, while the funding requirement is US$1.5 Billion. Through the G20 initiative, GIH seeks to attract investment from private and public institutions to reduce infrastructure gaps.
Market snapshot - 2026–2033
Global Market Size
USD 4.02 Billion
Largest Segment
Automotive
Fastest Growth
Utility
Growth Rate
0.047 during the forecast period (2025-2032).% CAGR
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Global Overhead Cranes Market is segmented by Type, Lifting Capacity, End-Use Industry and Region. Based on Type, the market is segmented into gantry cranes, jib cranes, bridge cranes, and others. Based on lifting capacity, the market is segmented into Up to 5 Ton, 6-10 Ton, 11-50 Ton, and More Than 50 Ton. Based on end-user industry, the market is segmented into manufacturing, automotive and transportation, construction, metal and mining, power and utilities, ports and shipyards, and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Single girder cranes are a dominating segment in the market and have a compact design, making them suitable for space-constrained environments. This system makes it easier to install and maintain. Single-bladed cranes tend to be more cost-effective than their double-bladed counterparts. They are suitable for jobs that require lifting ability but may be budget constrained. These cranes are versatile and are found to be used in a variety of industries, including factories, warehouses and manufacturing facilities. It is commonly used for handling, assembling, and cleaning materials.
Double girder overhead cranes are designed to handle higher loads compared to single-girder cranes and these are expected to grow in the market. They are suitable for applications involving lifting and moving large and heavy objects. Double girder cranes are known for their increased height and width at the base of the hammer. This makes them suitable for skyscrapers and wide working spaces. The design of the two girders ensures stability and durability, allowing these cranes to handle demanding continuous lifting operations for extended periods of time. Double girder cranes offer many customization options, allowing companies to tailor a crane's specifications to their specific needs. It has features like special lifts, trolleys and controls. These cranes provide greater accuracy and controllability in the lifting process. This makes them suitable for applications that require heavy loads to be placed accurately.
The core industry, automotive, is expected to expand at a CAGR of 5% throughout the period. The overhead crane operation is more effective to be used in the automotive industry. Depending on the need and the lifting capacity of the crane, anything from individual car parts to complete vehicles can be lifted and transported. The system is optimized to accommodate human labor and movement in the factory. Additionally, worker safety has become a priority among automakers, contributing to the use of overhead cranes, lifts and elevators. Single-girder overhead cranes are generally designed to carry smaller loads compared to double-girder cranes. They are suitable where the lifting requirements are moderate and certain weight limits are not exceeded.
The utility segment is expected to grow in the global overhead cranes market refers to the application of crane systems in the operational and application-related areas. This segment plays a key role in various supporting logistics roles and contributes to efficiency, safety and productivity. Overhead cranes are used to lift and move heavy objects during maintenance and repair of power plants. This includes services related to turbines, generators, and other critical equipment. Overhead cranes provide precise handling, allowing maintenance workers to position and position equipment accurately. This is essential to ensure that lightning power plants operate reliably and consistently. Overhead cranes are used to handle erection and maintenance of transmission and distribution structures. This includes utility poles, transformers and other heavy equipment raising and setting.
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North America is the third largest region. The United States is one of the most important users of overhead cranes. With an impressive aftermarket of various local and international players such as Konecranes Inc., Gorbel Inc., American Equipment Inc., etc. Although automotive industry growth has slowed since the U.S. and China trade war emerged though more focus on oil and gas extraction US. The demand for mobile cranes in Canada is expected to increase.
Growth in public infrastructure and infrastructure is expected to propel the crane market in the Asia-Pacific region. One of the largest manufacturers and consumers of construction equipment is in China. Cranes hold the largest market share in the market, making China the largest market for cranes in the Asia-Pacific region. In India, the government announced several proposals in the Union Budget 2021-2022 to improve the country's infrastructure. immediately-July 2022: The Government of India has allocated Rs 10 lakh crore (US$130.7 billion) in the Union Budget 2022-23 to accelerate the development of integrated infrastructure such as logistics hubs and several ports in the country. Also, less human involvement in physical activities, which leads to fewer worker injuries during construction work, is expected to increase the efficiency of crane use to enable construction work, it is anticipated to affect the overall market growth in Asia-Pacific crane market positively where significant scaling is occurring in the manufacturing sector
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Increasing Demand in the Automotive Industry
Rapid Urbanization and Increasing Market Expansion
Market Volatility
Strict Regulations
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The competitive environment of the Global Overhead Cranes Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Established organizations within the industry leverage techniques inclusive of product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market position. Additionally, the market is witnessing elevated opposition from local and neighborhood producers supplying cost-powerful options.
Increased Level of Automation in Various Areas of Manufacturing to Drive Market Growth
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Innovations in crane technology, including improved performance, safety features and automation may shape the prospects of the crane market in the coming years Companies investing in R&D offer increased crane capacity, such as increased lifting capacity, energy efficiency and improved control systems to gain a competitive advantage in the market. For example, in January 2024, German crane rental company Anker received a delivery of a Tadano HK 4.050-1 truck-mounted crane. Designed for roof installation, roof truss construction, hall assembly and other projects, Anker HK. The crane's innovative chassis concept, featuring a tridem rear axle with two driven axles and a powerful rear axle, ensures exceptional maneuverability, making it ideally suited for operation even on very limited construction sites Anchor exhibit's reliability that HK. The 4.050-1 appears as the standout device in their range of devices.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 4.21 Billion |
| Market size value in 2033 | USD 6.36 Billion |
| Growth Rate | 4.7% |
| Base year | 2024 |
| Forecast period | 2026–2033 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Overhead Cranes Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Overhead Cranes Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Overhead Cranes Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Overhead Cranes Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
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Overhead Cranes Market size was valued at USD 4.21 Billion in 2024 and is poised to grow from USD 4.41 Billion in 2025 to USD 6.36 Billion by 2033, growing at a CAGR of 0.047 during the forecast period 4.7%.
The competitive environment of the Global Overhead Cranes Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Established organizations within the industry leverage techniques inclusive of product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market position. Additionally, the market is witnessing elevated opposition from local and neighborhood producers supplying cost-powerful options. 'Konecranes (Finland) ', 'Indef Manufacturing Limited (India) ', 'American Crane & Equipment Corporation (USA) ', 'Dongqi Crane (China) ', 'Aicrane (China) ', 'WeiHuaCrane (China) ', 'Munck Cranes Inc. (Canada) ', 'Columbus McKinnon Corporation (USA) ', 'Tri-State Overhead Crane (USA) ', 'Hoosier Crane Service Company (USA) ', 'Demag Cranes & Components GmbH (Germany) ', 'GH Cranes & Components (Spain) ', 'ABUS Kransysteme GmbH (Germany) ', 'Street Crane Company Limited (UK) ', 'Eilbeck Cranes (Australia) ', 'SWF Krantechnik GmbH (Germany) ', 'JASO Industrial Cranes (Spain) ', 'P&H Crane (Harnischfeger Industries) (USA) ', 'Spanco Inc. (USA) ', 'Nucleon Crane Group (China)'
Based on end-users, the automotive sector is expected to account for the largest share of the business during the forecast period. The demand for the product is expected to increase as the automotive industry expands rapidly and has a highly automated manufacturing process. Cranes are essential for the factory line construction process, so this is an important market for overhead cranes in this segment. Connecting cables are a common feature for overhead cranes in the automotive industry. Materials are moved from one station to another until the finished product is completed, making assembly lines more efficient. Meanwhile, the construction segment is expected to grow significantly over the forecast period due to the efficient handling of heavy loads and the need to ensure safe, efficient transfer of materials from one phase to another better and faster.
Few events have occurred and had the same impact on society, the environment and the economy that increasing urbanization has in the 21st century in just a few decades, the steady migration of people from rural to urban areas has changed the world power dynamics Until it happened. The east coast of the United States and Mexico both exhibit strong urban sprawl in the video across North America about the character.
North America is the third largest region. The United States is one of the most important users of overhead cranes. With an impressive aftermarket of various local and international players such as Konecranes Inc., Gorbel Inc., American Equipment Inc., etc. Although automotive industry growth has slowed since the U.S. and China trade war emerged though more focus on oil and gas extraction US. The demand for mobile cranes in Canada is expected to increase.
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