Automated Overhead Cranes Market to Grow at a CAGR of 6.7% to reach US$ 2,928.59 million to 2028

The automated overhead cranes market is expected to grow from US$ 1,854.10 million in 2021 to US$ 2,928.59 million by 2028; it is estimated to grow at a CAGR of 6.7% from 2021 to 2028.

The constant growth in e-commerce, 3PL, fast-moving consumer goods (FMCG), fast-moving consumer durable (FMCD), retail, and manufacturing industries is supporting the rising number of organized warehousing spaces. The e-commerce and 3PL market players are among the major adopters of organized warehousing spaces. For instance, the growing Indian e-commerce industry is propelling the number of warehouses and distribution centers across the country. The e-retailers are now looking forward to opening warehouses in tier I and tier II cities. Thus, the demand for automated overhead cranes is expected to increase across warehouses and distribution centers for lifting heavy equipment and material handling. Furthermore, the manufacturers of overhead cranes are focusing on designing technically advanced lifting equipment for developing smarter factories in high-end manufacturing industries.

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The report has included vital parts of the business, for example, item advancement and determination, innovation, specialty development openings. The market study report additionally includes the top vital participants in the Global Automated Overhead Cranes market, for example, Dongqi Group, EMH, Inc., Entsorgaphin SPA, Henan Clescrane Systems Co. Ltd., Hoist UK, Konecranes Oyj, Kundle Industries Inc., Sumitomo Heavy Industries Material Handling Systems Co. Ltd., Weihua Cranes, Acculift,

Impact of COVID-19 Pandemic on Automated Overhead Cranes Market

The COVID-19 outbreak has affected the world severely and its impact is still being felt in several countries across the globe. Until the outbreak of COVID-19, the crane industry was witnessing considerable growth in many regions; however, the pandemic led to notable decline in the adoption of automated overhead cranes, including bridge cranes, gantry cranes, monorail cranes, and jib cranes. Owing to the containment measures such as business shutdown, lockdowns, and travel restrictions, the production and supply chain of automated overhead cranes was adversely impacted.

Automated Overhead Cranes Market Regional and Country-wise Analysis:

North America (U.S., Canada, Mexico)
Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)
Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
Latin America (Brazil, Rest of Latin America)
The Middle East and Africa (Turkey, GCC, Rest of the Middle East and Africa)

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The purposes of this analysis are:

To characterize, portray, and check the Automated Overhead Cranes market based on product type, application, and region.
To estimate and inspect the size of the Automated Overhead Cranes market (in terms of value) in six key regions, specifically, North and South America, Western Europe, Central & Eastern Europe, the Middle East, Africa, and the Asia-Pacific.
To estimate and inspect the Automated Overhead Cranes markets at country-level in every region.
To strategically investigate every sub-market about personal development trends and its contribution to the Automated Overhead Cranes market.
To look at possibilities in the Automated Overhead Cranes market for shareholder by recognizing excessive-growth segments of the market.

Our report offers:

Market share assessments for the regional and country-level segments.
Inventory network patterns planning the most recent innovative progressions.

Key suggestions for the new participants.

Piece of the pie examination of the top business players.
Market conjectures for at least 9 years of the relative multitude of referenced fragments, sub-portions, and the local business sectors.
Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and suggestions).
Organization profiling with point by point techniques, financials, and ongoing turns of events.
Serious arranging planning the key regular patterns.
Key suggestions in key business portions dependent on market assessments.

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