Overhead Cranes Market Fueled by Infrastructure Development Projects
The global overhead cranes market size was valued at USD 5,180.5 million in 2023 and is projected to reach USD 8,204.4 million by 2030, expanding at a CAGR of 6.8% from 2024 to 2030. This notable growth is primarily driven by the rising demand from multiple end-user industries, including manufacturing, construction, automotive, and power generation. As these sectors continue to expand, the need for efficient material handling solutions becomes more crucial. Overhead cranes serve as essential equipment in facilitating heavy lifting and the transport of goods, thereby boosting productivity and managing increasing workloads in industrial operations. Urbanization and rapid infrastructure development across various regions are further propelling market demand. Government investments in infrastructure projects such as highways, bridges, and power plants significantly require overhead cranes due to their reliability and versatility in handling materials across complex constructio...