Press release
Electric Overhead Traveling (EOT) Cranes Market Size & Share - Industry Trend and Forecast 2017 - 2025
The main objective of this report is to define, describe, and forecast the global “Electric Overhead Traveling (EOT) Cranes” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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Cranes are EOT (Electric overhead traveling) crane is one of the common type of overhead crane. The crane have a parallel runway with a traveling bridge which covers the gap. This crane is run through electric. Electric overhead traveling are used either for maintenance or manufacturing application. They are designed for lifting medium and heavy industrial components, and it covers all parts of manufacturing process. The advances electric overhead traveling crane have various expertise such as function at high speeds, lift very heavy loads, no obstacles on the factory floor and more control all this make the electric overhead traveling cranes market more attractive. The EOT cranes are operated through radio/IR remote pendant, control pendant or by cabin operator which is attached to crane. Associations like Crane Manufacturers Association of America, Monorail Manufacturers Association and Hoist Manufacturers Institute are there to check the industry standard and promotional activities to increase the awareness of the assistances to overhead lifting.
The feature such as reduction of labor expense, high safety, time saving and lower maintenance costs are the few aspects which expected to drive the electric overhead traveling cranes market across the world. The other factors which driving the Electric overhead traveling cranes market such as increasing constructions activities in emerging countries like India, China is anticipated to rise the demand for Electric overhead traveling cranes. Furthermore, increasing investment by private companies and government in infrastructure development projects which includes road construction, dam, bridges, railway, waterways, and others is the key driving factor for Electric overhead traveling cranes market. However, the installation cost of Electric overhead traveling cranes is very high and this factor is acting as restrain for the Electric Overhead Traveling (EOT) cranes market. Other than construction Electric overhead traveling cranes has a huge opportunity in warehousing and distribution and manufacturing sector. Shifting focus towards compact and remote operated cranes and change in consumer preferences towards crane that ensures safety and comfort. All this factors are expected to drive the overall Electric overhead traveling cranes market across the region.
The Electric overhead traveling cranes market can be segmented on basis of type, applications, channel and geography. In terms of type, the Electric overhead traveling cranes market has been segmented into single girder EOT crane, double girder EOT crane. Single girder EOT crane have a capacity 15 tons and 20 to 80 ft. were as double girder EOT crane have the capacity of 10 tons and/or spans of 60 to 100 ft. Based on applications, the Electric overhead traveling cranes market has been classified into construction industry, shipping & port building, mining industry, automotive, oil & gas industry and others. On the basis of channel, the Electric overhead traveling cranes market is segmented into online and offline. The offline market in Electric overhead traveling cranes market is expected dominate the electric overhead traveling cranes market over the period.
In terms of geography, the global Electric overhead traveling cranes market has been categorized into South America Europe, Middle East & Africa Asia Pacific and North America. Asia pacific expected to holds a major share of the market followed by Europe and fastest growing regions during the forecasted period. As demand of Electric overhead traveling cranes has increased over the period owing to increasing construction activities in the region. North America market is matured market for Electric overhead traveling cranes market. Middle East & Africa and South America anticipated to have a steady growth during the forecasted period.
Key players operating in the global Electric overhead traveling cranes market includes, SISSCO Material Handling, Elestar crane systems pvt ltd, Forum Hoist Pvt.Ltd., Konecranes, ABUS, Gorbel, Terex, GH Crane & Components, KITO GROUP, Eilbeck Cranes, ZPMC, FURUKAWA UNIC CORPORATION, XCMG Construction Machinery Co., Ltd, Weihua Hitachi Sumitomo Heavy Industries Construction Crane Co., Ltd., Columbus McKinnon Corporation and others.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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