North America Overhead Cranes Market Size, Revenue, End Users And Forecast Till 2028

At 7.3% CAGR, the North America Overhead Cranes Market is projected to be worth US$ 1,558.94 million by 2028, says Business Market Insights
According to Business Market Insights' research, the North America overhead cranes market was valued at US$ 1,020.54 million in 2022 and is expected to reach US$ 1,558.94 million by 2028, registering an annual growth rate of 7.3% from 2022 to 2028. Increasing investment in the manufacturing sector and growing need for workplace safety in industrial applications are the critical factors attributed to the North America overhead cranes market expansion.

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With the introduction of Industry 4.0, there are constant practices to introduce automation, mass customization according to customer demand and need, and improve operational efficiency. Increasing investments in the manufacturing sector help boost economic growth and job creation, which acts as a global competitive advantage. Manufacturing sectors are shifting to automated and process-driven manufacturing processes. First Solar announced an investment of US$1.2 billion in the developments in the solar industry, where a new factory and expansion will take place to boost the manufacturing footprint. Thus, such investments in expansion and setting up new manufacturing facilities using overhead cranes propel the demand for the cranes. Therefore, rising investments in manufacturing sectors drive the growth of the North America overhead crane market.
MARKET INTRODUCTION

The North America overhead cranes market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. In Europe, several successful and ongoing pilot North America Overhead Cranes Market projects such as Enel - Puglia Active Network, SP Energy Networks - Dumfries & Galloway Integrated Network Management, Enedis - Nice Grid & others, Vattenfall - Askersund Microgrid, and SSE - Orkney Island, have been implemented by various companies. These projects aim to develop energy management solutions and improve network design, operation, and maintenance. Furthermore, North America Overhead Cranes Market providers across Europe are engaging in strategies such as partnerships to develop energy management solutions. For example, in February 2023, Siemens formed a strategic partnership with EnergyHub to develop a next-generation Distributed Energy Resources (DER) management system. This partnership aims to leverage Siemens' network knowledge and EnergyHub's grid-leading capabilities to provide a complete portfolio element for a next-generation distributed energy resource management system.
List of Companies Profiled in the North America Overhead Cranes Market Markets Report are:
• 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
• Whiting Corp

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Key Segmentation:

Deployment Mode (Cloud Based and On-Premise),
The North America Overhead Cranes Market categorized into type, application, and country.
• Based on type, the North America Overhead Cranes Market segmented into pellets, blocks, and others. The blocks segment held the largest market share in 2022.
• In terms of application, the North America Overhead Cranes Market segmented into food and beverage, storage and transportation, healthcare, industrial applications, and others. The storage and transportation held the largest market share in 2022.
• By country, the North America Overhead Cranes Market egmented into the US, Canada, and Mexico. The US dominated the North America Overhead Cranes Market are in 2022.
North America Overhead Cranes Market, in 2021. The growth of the segment is primarily attributed to the increase in need for maintenance and repair activities in order to make sure its internal and external parts are in good condition and to maintain a record of its condition. Based on application, the power transformers segment held the largest share of the North America Overhead Cranes Market. The rise in energy demand, increase in renewable power generation, growing initiatives for smart cities & urbanization are the key factors responsible for the demand of power transformer. Thus, such factors are driving the North America Overhead Cranes Market growth.

Table of Contents

Based on material, the North America Overhead Cranes Market is segmented into FRP/composites, metal/alloys, and others. The metal/alloys segment held the largest share of the North America Overhead Cranes Market in 2022.
Based on size, the North America Overhead Cranes Market is segmented into 75-120 feet, 121-250 feet, and Above 250 feet. The 121-250 feet segment held the largest share of the North America Overhead Cranes Market in 2028.

Based on country, the North America Overhead Cranes Market segmented into France, Germany, the UK, Italy, Russia, and the Rest of Europe. The Rest of Europe dominated the share of the North America Overhead Cranes Market in 2028.

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Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.

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