How big is the overhead cranes market?

The global overhead cranes market size was estimated at USD 5.18 billion in 2023 and is expected to reach USD 5.52 billion in 2024.

What is the overhead cranes market growth?

The global overhead cranes market is expected to grow at a compound annual growth rate of 6.8% from 2024 to 2030 to reach USD 8.20 billion by 2030.

Which segment accounted for the largest overhead cranes market share?

The bridge crane segment dominated the component segment in 2023. The segment growth can be attributed to the increasing adoption of bridge cranes in various industries owing to their versatility and efficiency in material handling.

Who are the key players in overhead cranes market?

Key players operating in the overhead cranes market include Konecranes, Indef Manufacturing Limited, American Crane & Equipment Corporation, Dongqi Crane, Aicrane, WeiHuaCrane, Munck Cranes Inc., Columbus McKinnon Corporation., Tri-State Overhead Crane, and Hoosier Crane Service Company.

What are the factors driving the overhead cranes market?

Rapid urbanization and increasing infrastructure development across the globe, and integration of advanced technologies in overhead cranes are major driving factors behind the market's growth.