North America Overhead Cranes Market

The North America overhead cranes market is expected to grow from US$ 1,020.54 million in 2022 to US$ 1,558.94 million by 2028. It is estimated to grow at a CAGR of 7.3% from 2022 to 2028.

Growing Need for Workplace Safety in Industrial Applications in North America Overhead Cranes Market

In chemical, power, and construction industries, some processes involve constant exposure to toxic chemicals, heated material, and heavy loads. If these tasks can be handled manually, they can pose a risk to workers’ life. Lifting heavy loads with inappropriate handling can create risks for a worker handling it or in a nearby space. Therefore, industries are adopting several advanced equipment, machinery, and technologies to minimize human intervention and maximize productivity for workplace safety and health measures. Overhead cranes are specialized equipment designed to lift and transfer bulky, heavy loads, toxic chemicals, and heated material in industrial spaces. Automated processes with the help of overhead cranes provide safety to the industries' workforce and improve the quality and production process. Thus, increasing workplace safety in industrial applications fuels the North America overhead cranes market growth.

North America Overhead Cranes Market Overview

The overhead cranes market in North America is segmented into the US, Canada, and Mexico. North America is the world's most industrially developed region. The growing manufacturing in the automotive, marine, and utility industries and rapid urbanization are expected to support the regional market growth during the forecast period. In the automotive industry, overhead cranes are used to lift heavy loads and cars during manufacturing, assembly, and vehicle transit. The use of cranes ensures 100% damage prevention of car body parts during car maintenance, assembly, and supply. They also increase overall productivity by improving production line efficiency and stability. The significant rise in the production of automotive vehicles owing to an increase in per capita income and the surge in demand for automobiles across North America has increased the need for overhead cranes. According to President Biden’s Economic Plan, the manufacturing of electric vehicles (EVs) will boost the economy in North America. A few automakers such as Toyota, Honda, Ford Motor Company, General Motors, and Panasonic announced investments in EVs manufacturing. In October 2022, Honda announced an investment of US$ 700 million in three different Ohio plants to enhance EV production in the US.

North America Overhead cranes market Revenue and Forecast to 2028 (US$ Million)

North America Overhead Cranes Strategic Insights

Strategic insights for the North America Overhead Cranes 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.

North America Overhead Cranes Report Scope

North America Overhead Cranes Regional Insights

The geographic scope of the North America Overhead Cranes 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.

North America Overhead cranes market Segmentation

The North America overhead cranes market is segmented on the basis of type, installation, operation type, end-user industry, and country. Based on type, the market is segmented into bridge crane, gantry crane, monorail crane, jib crane, and others. The gantry crane segment registered the largest market share in 2022.

Based on installation, the North America market is bifurcated into mobile crane and fixed crane. The fixed crane segment registered a larger market share in 2022.

Based on operation type, the North America overhead cranes market is segmented into hydraulic, electric, and hybrid. The electric segment registered the largest market share in 2022.

Based on verticals, the North America overhead cranes market is segmented into automotive, logistics, utilities, marine, and others. The logistics segment registered the largest market share in 2022.

Based on country, the North America overhead cranes market is segmented into US, Canada, and Mexico. US dominated the market share in 2022.`

ABUS Kransysteme GmbH, Ace world Co, American Crane & Equipment Corp, Cargotec Corp, Demag Cranes & Components GmbH, Gorbel Inc, Konecranes Plc, Liebherr-International Deutschland GmbH, Sumitomo Heavy Industries Ltd, and Whiting Corp are the leading companies operating in the North America overhead cranes market.