Middle East and Africa Automated Overhead Crane Market
No. of Pages: 93 | Report Code: TIPRE00025250 | Category: Manufacturing and Construction
No. of Pages: 93 | Report Code: TIPRE00025250 | Category: Manufacturing and Construction
The automated overhead cranes market in the MEA is further segmented into South Africa, Saudi Arabia, and the UAE. The region is expected to witness a rapid increase in commercialization and industrialization, which would further boost the growth of various sectors. The Gulf countries are economically developed, while the African countries are yet to match up to the economic conditions of these countries. In the era of continuous technological developments, the integration of advanced technologies is increasing in a range of industries, including manufacturing and construction in the Middle East. In the MEA, automotive, petrochemical, telecommunication, mining, steel iron, and copper are among the prominent industries. With rise in investment and developments among aforesaid industries of the region, the scope of using advanced equipment will also rise. Furthermore, increasing infrastructure development activities in the MEA is propelling the penetration of automation for having greater efficiency at construction sites. The installation of different types of cranes such as automated overhead cranes at different construction sites in the Middle East countries is among the factors for the growth of the market. In addition, initiatives taken by regional government authorities to transform industrial sector is another factor forecasted to contribute toward the market growth. Moreover, companies such as Konecranes are well-known for offering their broad portfolio of cranes globally. The company offers a range of cranes, from demanding processes to light-duty applications in the Middle East. Beginning from overhead cranes with lifting capacities of up to 500t to workstation lifting systems for lighter loads applications, the company provides a wide range of cranes to the Middle East market.
In case of COVID-19, MEA is highly affected specially Turkey and South Africa. MEA automated overhead crane market is majorly affected by the disruption in the national and international supply chains. Gulf countries have got many oil companies that require overhead cranes for their operations. Several governments announced travel restrictions, the movement of people was limited and thus the demand for fuels was reduced. Since the demand for fuels, i.e., petrol and diesel, was decreased, this impacted the need for overhead cranes at offshore oil rigs, petroleum plants, and refineries. Considering lifting and material handling requirements in cement and concrete factories, workers need gantry cranes in the yard and bridge cranes in factories. Since the overall demand for cement was shrunk, the requirement of gantry cranes and bridge cranes adopted in cement and concrete factories was also reduced. However, post pandemic, the automated overhead cranes market is expected to rise considerably in this region.
Strategic insights for the Middle East and Africa Automated Overhead Crane provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 174.96 Million |
| Market Size by 2028 | US$ 241.54 Million |
| Global CAGR (2021 - 2028) | 4.7% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
The geographic scope of the Middle East and Africa Automated Overhead Crane refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The MEA automated overhead crane market is expected to grow from US$ 174.96 million in 2021 to US$ 241.54 million by 2028; it is estimated to grow at a CAGR of 4.7% from 2021 to 2028. Surging development of automated shipbuilding cranes is expected to fuel the market growth. The use of cranes in shipbuilding industry has been witnessing a significant surge over the past years, owing to rise in sea-borne trade and various other naval activities. Several automated gantry crane manufacturers operating in the market are focusing robustly on offering a wide range of products. This has been a key driving factor for market. The gantry crane industry is poised to surge over the forthcoming years as several developments are underway to enhance the capabilities of the machines. Automated shipbuilding cranes is one of the key focuses of the gantry crane manufacturers in the current scenario. The gantry cranes are being robustly used for lifting extremely heavy objects, and thus, are extensively used in shipyards and ports. The shipbuilding industry deals with the manufacturing of vessels that are used for offshore industry, merchant fleet, and military application. It is also associated with other significant sectors such as research, transportation, and security, which plays a vital role in national security interests and regional industrial infrastructure. Several governments across the region are spending heavily on the development of automated gantry cranes. Therefore, the development of shipbuilding/shipyards industry is estimated to fuel the growth of the gantry crane. The development of automated gantry cranes is projected to be one of the foremost technological advancements in the overhead crane industry. The application of connected technologies is already infused across the material handling equipment industry, and it has also witnessed the expansion of GPS-powered and IoT-enabled cranes. Thus, enhanced smart operations, higher fuel efficiency, and lower cost of ownership are some of the key features which have boosted the effectiveness of smart gantry cranes, thereby driving the MEA automated overhead crane market growth.
In terms of type, the gantry cranes segment accounted for the largest share of the MEA automated overhead crane market in 2020. In terms of level of automation, the semi-automated segment held a larger market share of MEA automated overhead crane market in 2020. Further, the manufacturing segment held a larger share of the MEA automated overhead crane market based on industry in 2020.
A few major primary and secondary sources referred to for preparing this report on the MEA automated overhead crane market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are DONGQI GROUP; EMH, Inc; EntsorgaFin S.p.A.; Konecranes Oyj; Sumitomo Heavy Industries Material Handling Systems Co., Ltd.; and Weihua Group.
The Middle East and Africa Automated Overhead Crane Market is valued at US$ 174.96 Million in 2021, it is projected to reach US$ 241.54 Million by 2028.
As per our report Middle East and Africa Automated Overhead Crane Market, the market size is valued at US$ 174.96 Million in 2021, projecting it to reach US$ 241.54 Million by 2028. This translates to a CAGR of approximately 4.7% during the forecast period.
The Middle East and Africa Automated Overhead Crane Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East and Africa Automated Overhead Crane Market report:
The Middle East and Africa Automated Overhead Crane Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa Automated Overhead Crane Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Automated Overhead Crane Market value chain can benefit from the information contained in a comprehensive market report.
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