The Global Automated Overhead Cranes Market holds the potential to reach USD XX bn. by 2027 from USD XX bn. in 2019 with the CAGR of 5.8% during the forecast period. The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decisionmakers to prepare the outline and strategies for companies by region. Automated Overhead Cranes can lift and transfer the extremely bulky and heavy load within the facility through the available overhead space, thanks to their high lifting capacity for load movement. Moreover, automated overhead cranes have a wide range of applications in steel coil, paper roll handling, shipbuilding, food production, metal processing, container handling, and general manufacturing therefore these automated cranes are useful and demanding in the industry. The report has covered, raw materials' availability, demand drivers by region, pricing by region, and profit margins of key players in the industry. A brief analysis of restraints and challenges in the market is also covered with examples by region. It also has covered the analysis of key player’s growth strategies, micro and macro analysis of markets, key developments, and key trends in the market. Automated Overhead Cranes manufacturers like Kone Cranes, Dongqi Group, and other major players are focused on investing in research and development and their combined investment is USD XX Bn. These companies are investing in R&D to upgrade the existing automated overhead cranes, and they are further planning to launch new fully automated cranes with high efficiency. The report also tracks the partnership of companies with service providers to increase the range across the globe. Recently in the Extraordinary General Meeting of 2020, Kone Cranes Plc approved their merger with Cargotec Corporation. In 2019 Kone Cranes sold XX units of Automated Overhead Cranes Globally. Global Automated Overhead Cranes Market Dynamics Drivers: Growing Automation level in the industries is the major driving factor for the Global Automated Overhead Cranes Market
Growing usage of Automated Cranes in different industries is expected to drive the demand of the Global Automated Overhead Cranes Market. In addition to this, fully automated cranes can be operated remotely without any manual operator resulting in better safety and precise operation therefore their demand is increasing drastically. Automated Overhead Cranes reduces the operating time and increases the overall productivity of the process, these cranes also enhance customer satisfaction with better quality. With increased safety, automated cranes are very demanding in a hazardous environment where automated equipment is preferred; this will further accelerate the growth of the Automated Overhead Cranes Market during the forecast period. Automated cranes ensure a fully automated process which is an essential requirement in the technological and automotive sectors. The unavailability of skilled laborers will also propel the growth of the market. Moreover, changing government regulations and norms related to the industrial safety and initiative of governments across the world to increase the automation in the industries is also expected to accelerate the growth of the Automated Overhead Cranes Market during the forecast period. Restraints: Frequently varying raw material prices are likely to hinder the growth of the market during the forecast period. In addition to this, lack of awareness of automated cranes in some developing regions is also a restraining factor for the Global Automated Overhead Cranes Market. Opportunities: The growing trend of offering automated overhead cranes on a rental basis is expected to create new opportunities for the Global Automated Overhead Cranes Market during the forecast period. The demand for rental basis crane service is very high in APAC countries thanks to the growing manufacturing and metal & steel sector in emerging countries. Developing the construction sector in road making, shopping mall construction, industrial construction, and others in emerging countries will create immense opportunities for the global automated overhead cranes market during the forecast period. For
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automated-overhead-cranes-market/81008/
Scope of the Global Automated Overhead Cranes Market: Inquire before buying Global Automated Overhead Cranes Market, by Industry •
Metal & Steel
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Paper Roll
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Shipbuilding
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General Manufacturing
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Others
The metal and steel industry is expected to hold the largest market shares and growth by $xx Bn. During the forecast period.
To know about the Research Methodology :- Request Free Sample Report The metal and steel industry will hold the largest market share USD XX Bn. of the Automated Overhead Crane Market. Thanks to the wide range of applications and increasing safety concerns in the industry. The demand for Automated Overhead Cranes in shipbuilding and manufacturing is also expected to increase with the increase in requirement of material handling equipment in the industry. Global Automated Overhead Cranes Market, by the level of automation •
Semi-Automated
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Fully Automated
The Fully Automated segment will dominate the global market with high accuracy and remotely controlled operation. Semi-Automated overhead cranes require a human operator for supervision whereas fully automated overhead cranes can be used without any human supervision. Semi-Automated overhead cranes reduce the labor effort and increase the precision with the assistance of control devices and sensors. Global Automated Overhead Cranes Market, by Capacity •
Below 10 Ton
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10 Ton to 50 Ton
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50 Ton to 100 Ton
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100 Ton to 500 Ton
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Above 500 Ton
Based on capacity, the 100 - 500 Ton segment dominates the market in terms of shares, this range is widely used in various industries like Construction, Metals & Steel, Automotive, and Others. Global Automated Overhead Cranes Market, by Region. •
North America
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Europe
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Asia-Pacific
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Middle East & Africa
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South America
North America is expected to hold the highest market share in the Global Automated Overhead Cranes Market during the forecast period. North America accounted for the highest shares of the Global Market in 2018 and expected to keep dominating the market with a CAGR of XX% during the forecast period. Increasing technological advancement and lack of manpower in the region are accelerating the growth of the market in North America. Enhanced automation level in developed countries and the presence of key players in the region will propel the growth of the Global Automated Overhead Crane Market during the forecast period. The Asia Pacific is an emerging region for the Global Automated Overhead Cranes Market. Growing Awareness of Automated Machines and the presence of metal and steel, Automotive, and mining industries will propel the market growth in the region. Growing Urbanization in the region will further accelerate the growth of the market during the forecast period. An increase in rental basis crane services in China, India, Vietnam, and other Asian Countries will propel the market during the forecast period.
Covid-19 Impact on the Global Automated Overhead Cranes Market: • The coronavirus pandemic has placed tremendous pressure on businesses and sectors across the globe. Governments from all countries have introduced a lock-up to detect the transmission of
infectious diseases. The contribution of these regulations makes a negative impact on the manufacturing and automotive industry. • The coronavirus adversely impacted the manufacturing and service sector. The interruption of export and import operations due to limitations on foreign flights would further restrict the market's development. The disruption caused by the lockdown would harm the market. Most of the industries are not functioning due to the influence of Covid-19 which caused a destructive impact on the Automated Overhead Cranes Market. The objective of the report is to present a comprehensive analysis of the Global Automated Overhead Cranes Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Automated Overhead Cranes Market dynamics, structure by analyzing the market segments and projects the Global Automated Overhead Cranes Market size. Clear representation of competitive analysis of key players by Application, price, financial position, product portfolio, growth strategies, and regional presence in the Global Automated Overhead Cranes Market make the report investor’s guide. Global Automated Overhead Cranes Market, By Industry
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Metal and Steel
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Paper roll
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Ship Building
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General Manufacturing
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Other industries
Global Automated Overhead Cranes Market, By Level of Automation •
Semi-Automated
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Fully-Automated
Global Automated Overhead Cranes Market, By Capacity •
Below 10 Ton
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10 Ton to 50 Ton
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50 Ton to 100 Ton
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100 Ton to 500 Ton
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Above 500 Ton
Global Automated Overhead Cranes Market, by Region •
Asia-Pacific
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North America
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Europe
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South America
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Middle East & Africa
Key Players in Global Automated Overhead Cranes Market •
Kone Cranes
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Dongqi Group
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EMH, Inc
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Engineered Lifting Systems & Equipment Inc.
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Hoist UK
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Henan Clescrane System Co., Ltd.
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Kundel Industries Inc.
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Weihua Cranes
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Sumitomo Heavy Industries Material Handling Systems Co., Ltd.
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EntsorgaFin S.p.A.
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