Global Overhead Travelling Cranes market research report forecasts the innovative applications of the product market on the basis of several estimations. This market analysis report encompasses the growth factors of the worldwide market based on end-users. Also, the industry changing factors for the market segments are explored in this report. This report gives information about the competitive situation among the market vendors and company profile. The Overhead Travelling Cranes report explains the growing popularity of the market competition by leading manufacturers or players, with sales volume, revenue (Million USD), price (USD/Unit), and market share for every individual manufacturer or player.
Global Overhead Travelling Cranes Market is expected to rise from its initial estimated value of USD 4,518.41 million in 2018 to an estimated value of USD 6,065.84 million by 2026, registering a CAGR of 3.75% in the forecast period of 2019-2026. Increasing demand for safety in workplace is the major factor for the growth of this market.
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Global Overhead Travelling Cranes Market By Solution (Product, Service), End- User (Automotive, Metal & Mining, Paper, Aerospace, Utility, Shipyards, Others), Types (Single-girder overhead cranes, Double-girder overhead cranes), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Complete report on Global Overhead Travelling Cranes Market Research Report 2019-2026 spread across 350 Pages, profiling Top companies and supports with tables and figures
Market Definition: Global Overhead Travelling Cranes Market
Overhead crane which is also known as bridge crane is usually used to carry or lift heavy objects from one place to another. They are used in manufacturing or maintenance applications. Overhead cranes are very efficient and cost effective method. Each overhead crane is designed as per the need and requirement of the industry.
Key Questions Answered in Global Overhead Travelling Cranes Market Report:-
Our Report offers:-
- What will the market growth rate, Overview and Analysis by Type of Global Overhead Travelling Cranes Market in 2026?
- What are the key factors driving, Analysis by Applications and Countries Global Overhead Travelling Cranes Market?
- What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Overhead Travelling Cranes Market?
- Who are Opportunities, Risk and Driving Force of Global Overhead Travelling Cranes Market?
- Who are the opportunities and threats faced by the vendors in Global Overhead Travelling Cranes Market? Business Overview by Type, Applications, Gross Margin and Market Share
- What are the Global Overhead Travelling Cranes Market opportunities, market risk and market overview of the Market?
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Top Key Players:
- ABUS Kransysteme GmbH,
- Cargotec Corporation,
- Columbus McKinnon Corporation, EMH, Inc,
- GORBEL INC.,
- KITO CORPORATION,
- Sumitomo Heavy Industries, Ltd.,
- Weihua Group,
- FURUKAWA UNIC CORPORATION,
- XCMG Group,
- Eilbeck Cranes,
- Terex Corporation.
- Increasing demand for safety in workplace is driving the market
- Increasing government investment in infrastructure development is driving the market
- Lack of trained and skilled professional is restraining the market
- High installation cost is restraining the market
Key Developments in the Market:
- In November 2018, Columbus McKinnon Corporation announced the launch of their‘AS7 electric wire rope hoist’ to its hoist product portfolio. It is a cost- effective solution for users, crane manufacturers and system manufacturers. It also has great lifting height, fast hoisting speed and has load capacity upto 135 tons.
- In January 2018, Konecranes announced the launch of their new Konecranes CXT UNO which is specially designed for general manufacturing, metal working and for repair facilities. Due to its low headroom and compact hoist it allows the big building to be built smaller which saves money and increases productivity. The main aim of it is to provide customer an affordable crane which will provide good quality work.
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Global Overhead Travelling Cranes Market is segmented on the basis of
Market Segmentations in Details:
By End- User
- Metal & Mining
- Single-girder overhead cranes
- Double-girder overhead cranes
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Rest of South America
Middle East & Africa
- South Africa
- Saudi Arabia
- Rest of MEA
Competitive Analysis: Global Overhead Travelling Cranes Market
Global overhead travelling cranes market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of overhead travelling cranes market for global, Europe, North America, Asia Pacific and South America.
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