Electric Overhead Travelling (EOT) Cranes Market size was valued US$ 57.47 Mn in 2019 and the total revenue is expected to grow at 4.5% from 2019 to 2027, reaching USXX Bn.
Electric Overhead Travelling (EOT) Cranes Market
Electric Overhead Travelling (EOT) Cranes Market Overview
EOT (Electric overhead traveling) crane is an overhead crane. The crane has a parallel runway with a visiting bridge which covers the gap. Electric overhead Travelling (EOT) Crane is used both for renovation or manufacturing application. The advances electric overhead Travelling (EOT) crane have various expertise such as excessive speeds, lifting with heavy speed on the manufacturing facility ground others make the Electric Overhead Travelling (EOT) Cranes extra more attractive. The EOT cranes are operated via radio/IR remote pendant or by cabin operator which is connected to crane. Associations like Crane Manufacturers Association of America, Monorail Manufacturers Association and Hoist Manufacturers Institute are there to test the industry standard and promotional activities to enlarge the attention of the assistances to overhead lifting.
The features such as excessive safety, time saving, reduction of labor cost and decrease renovation fees are the few factors which are anticipated to drive the electric overhead travelling cranes market throughout the world. Increasing investment of government authorities and private industry in infrastructure improvement tasks which consists of street construction, dam, bridges, railway, waterways, and others is the key riding element for Electric overhead travelling cranes market. However, the set-up price of Electric overhead travelling cranes is very high and this act as a restraining factor for the Electric Overhead Traveling (EOT) cranes market. Other than this, Electric overhead travelling cranes have an opportunity in warehousing and distribution and manufacturing sector. All this feature is anticipated to drive the standard Electric overhead Travelling (EOT) cranes market throughout the region.
Electric Overhead Travelling (EOT) Cranes Market1
Market Dynamics
Increasing development project around the world is anticipated to drive the market of Electric overhead traveling crane in the forecast period. Growing wind energy projects around the globe will require Electric overhead travelling (EOT) cranes for their set up and as a result have large possibilities in off shore and on-shore. The use of Electric overhead travelling (EOT) in heavy industrial segments such as metallurgy, engineering equipment, vehicle lifting and transferring heavy weighted masses from one to other has been a distinguished use of EOT cranes owing to its environment friendly load bearing and maneuvering capabilities. The product has additionally witnessed a sizeable quantity of use in inland ports and different areas of sea logistics. Improved world economic situation has multiplied funding in infrastructure initiatives which has fueled demand of bridges as a result driving the market. Double Girder bridge crane is in trend in modern times as they can raise comparatively heavy load for a longer span. However, its value and installation complexity are obstructing the market of Electric overhead travelling (EOT) crane to some extent. Also, use of Smart technology cranes are extra desired as the new cranes are highly-priced therefore it’s an indispensable factor hindering the market of Electric overhead travelling (EOT) cranes.
Key development
• In 2018, Columbus McKinnon Corporation introduced the launch of their AS7 electric powered wire rope hoist’ to its hoist product portfolio. It is a cost- effective for users, crane producers and device manufacturers.
• In 2019, Konecranes introduced the launch of their new Konecranes CXT UNO which is in particular designed for popular manufacturing, steel working and for restore facilities.
Competitive Landscape
The prominent players operating in the Electric overhead travelling (EOT) cranes market included Liebherr Group, Komatsu Ltd., Comansa, XCMG Ltd., Zoomlion Heavy Industry Science and Technology Co., Ltd., Terex Corporation, Sany Group, Tadano Ltd., Manitowoc, Palfinger AG. The industries are launching new products with smart connectivity & security technology to provide operational security at worksites. The producers are focusing on creating environment friendly product to cater to a variety of application industries.
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Electric overhead travelling (EOT) cranes market, by Type
• Single Grinder Crane
• Double Grinder Crane
• Gantry Crane
• Monorails
Electric overhead travelling (EOT) cranes market, by Solution
• Product
• service
Electric overhead travelling (EOT) cranes market, by Configuration
• Top Running(T/R)
• Under Running(U/R)
Electric overhead travelling (EOT) cranes market, by End-user
• Construction
• Mining
• Metallurgy
• Automobile
• Shipping & Boarding Industry
• Oil & Gas Industry
Electric overhead travelling (EOT) cranes market, by Region
North America
• US
• Canada
Europe
• Germany
• UK
• Russia
• France
• Spain
• Norway
• Italy
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
Middle East and Africa
• GCC
• Southern America
• North Africa
South America
• Mexico
• Brazil
• Argentina
Electric overhead travelling (EOT) cranes market, Key Players
• Harrington Hoists Inc.
• Columbus Mckinnon Corporation
• ABUS cranes
• Liebherr Group
• Komatsu Ltd.
• Comansa
• XCMG Ltd
• Zoomlion Heavy Industry Science and Technology Co. Ltd.
• Terex Corporation
• Sany Group
• Tadano Ltd
• Manitowoc
• Palfinger AG
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Global Overhead Cranes Market is expected to cross USD 3,957.0 Million by 2025 growing at a CAGR of 5%.SegmentationBy Product: The two segments are the single girder and double girder overhead cranes in the global overhead cranes market.
Single girder cranes find utility in industries which need the cranes to perform a specific task and not be retrofitted for additional tasks.
They find utility in factories, warehouses, and transportation.Get Sample Copy of This Report @ https://www.marketresearchfuture.com/sample_request/8265By End-User: Virtually all heavy industries, metal processing, chemicals, and utilities find use for overhead cranes.
The automotive industry is expanding rapidly with China expected to increase its automotive output tenfold between 2005 and 2030.
The paper manufacturing and print media industry has relied on overhead cranes for well over a century.
With global mining outputs reaching record levels, and the demand for them (especially rare earth metals) increasing, it is imperative for this industry to use overhead cranes due to the high loads that must be shifted to facilitate metal extraction.
The speed and efficiency of these cranes are some of the important factors that people consider before buying or renting.
These overhead cranes’ capabilities are usually automated, which makes it one of the important assets for factory line production.
Moreover, they are preferably used in industries such as paper, mining, or automotive.
Different top manufacturers and industries are playing a major role in driving the overhead crane market.Get free sample pdf @ https://www.marketresearchfuture.com/sample_request/8265The report focuses on the overall growth of the global overhead cranes market and also gives information on the revenue generated so far.
In the previous forecast period, the market size was quite large, and due to the growing demand, there is a chance of it to grow up to $3,957.0 million by the end of the year 2025.
The single girder is used when there is no issue associated with hooks.
UpMarketResearch offers a latest published report on “Global Electric Overhead Traveling (EOT) Cranes Market Industry Analysis and Forecast 2018-2025” delivering key insights and providing a competitive advantage to clients through a detailed report.
The report contains 131 pages which highly exhibits on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.
Get FREE Exclusive PDF Sample Copy of This Report @ https://www.upmarketresearch.com/home/requested_sample/4546 Electric Overhead Traveling (EOT) Cranes market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period.
Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
The generated report is firmly based on primary research, interviews with top executives, news sources and information insiders.
Region-wise Analysis Global Electric Overhead Traveling (EOT) Cranes Market covers:North AmericaEuropeChinaJapanSoutheast AsiaIndiaThe major manufacturers covered in this reportKonecranesTerexKITO GROUPHarrington Hoists Inc.Columbus Mckinnon CorporationAbuscranesK2 CranesUesco CranesKONE CranesMammoetHitachi Sumitomo Heavy Industries Construction CraneTerex CorporationLiebherr GroupAltech Industries Electric Overhead Traveling (EOT) Cranes Breakdown Data by Product type Single Girder CranesDouble Girder Bridge CranesGantry CranesMonorails Electric Overhead Traveling (EOT) Cranes Breakdown Data by ApplicationConstructionMiningMetallurgyShipping IndustryAutomotiveOil & Gas IndustryOther Industries In this study, the years considered to estimate the market size of Electric Overhead Traveling (EOT) Cranes are as follows: History Year: 2013-2017Base Year: 2017Estimated Year: 2018Forecast Year 2018 to 2025 For more information, Visit: https://www.upmarketresearch.com/home/enquiry_before_buying/4546 The Report covers in-depth analysis as follows:Chapter 1 Electric Overhead Traveling (EOT) Cranes Market OverviewChapter 2 Global Economic Impact on Electric Overhead Traveling (EOT) Cranes IndustryChapter 3 Global Electric Overhead Traveling (EOT) Cranes Market Competition by ManufacturersChapter 4 Global Electric Overhead Traveling (EOT) Cranes Production, Revenue (Value) by Region (2013-2018)Chapter 5 Global Electric Overhead Traveling (EOT) Cranes Supply (Production), Consumption, Export, Import by Regions (2013-2018)Chapter 6 Global Electric Overhead Traveling (EOT) Cranes Production, Revenue (Value), Price Trend byTypeChapter 7 Global Electric Overhead Traveling (EOT) Cranes Market Analysis by ApplicationChapter 8 Global Electric Overhead Traveling (EOT) Cranes Manufacturers AnalysisChapter 9 Electric Overhead Traveling (EOT) Cranes Manufacturing Cost AnalysisChapter 10 Industrial Chain, Sourcing Strategy and Downstream BuyersChapter 11 Marketing Strategy Analysis, Distributors/TradersChapter 12 Market Effect Factors AnalysisChapter 13 Global Electric Overhead Traveling (EOT) Cranes Market Forecast (2018-2023) Buy report @ https://www.upmarketresearch.com/buy/electric-overhead-traveling-eot-cranes-global-market “Global Electric Overhead Traveling (EOT) Cranes Market Industry Analysis and Forecast 2018-2025” report helps the clients to take business decisions and to understand strategies of major players in the industry.
