Overhead Cranes Market expanding with investments in infrastructure
The global overhead cranes market was valued at USD 5,180.5 million in 2023 and is expected to reach USD 8,204.4 million by 2030, reflecting a compound annual growth rate (CAGR) of 6.8% between 2024 and 2030. Growth is being driven by strong demand across several key end-use industries including manufacturing, construction, automotive, and power generation. Key Market Trends & Insights Regionally, Asia Pacific generated the highest revenue in 2023. Among individual countries, India is projected to record the highest CAGR during the forecast period. By type, bridge cranes delivered revenues of USD 2,066.9 million in 2023. The gantry cranes segment is expected to be the most dynamic, showing the fastest growth through 2030. Technological progress is playing a major role. Automation, variable-speed drives, and automated positioning systems are enhancing efficiency and precision in handling operations. Safety features—such as collision avoidance and overload protection—are...