Overhead Cranes Market Size, Share, Growth Analysis, By Type(Single Girder Overhead Cranes, and Double Girder Overhead Cranes), By Components(Automotive, Paper, Utility, Aerospace), By Region - Industry Forecast 2024-2031

North America is the third largest region. The United States is one of the most important users of overhead cranes. With an impressive aftermarket of various local and international players such as Konecranes Inc., Gorbel Inc., American Equipment Inc., etc. Although automotive industry growth has slowed since the U.S. and China trade war emerged though more focus on oil and gas extraction US. The demand for mobile cranes in Canada is expected to increase.

Growth in public infrastructure and infrastructure is expected to propel the crane market in the Asia-Pacific region. One of the largest manufacturers and consumers of construction equipment is in China. Cranes hold the largest market share in the market, making China the largest market for cranes in the Asia-Pacific region. In India, the government announced several proposals in the Union Budget 2021-2022 to improve the country’s infrastructure. immediately-July 2022: The Government of India has allocated Rs 10 lakh crore (US$130.7 billion) in the Union Budget 2022-23 to accelerate the development of integrated infrastructure such as logistics hubs and several ports in the country. Also, less human involvement in physical activities, which leads to fewer worker injuries during construction work, is expected to increase the efficiency of crane use to enable construction work, it is anticipated to affect the overall market growth in Asia-Pacific crane market positively where significant scaling is occurring in the manufacturing sector