Overhead Crane Manufacturing in Australia - Market Research Report (2014-2029)
Melbourne, Australia
Last Updated: February 2024
ANZSIC OD4056Revenue
$492.3m
Past 5-Year Growth
Profit
$XX.Xm
Employees
1,107
Businesses
85
Wages
$XXX.Xm
Overhead Crane Manufacturing in Australia industry analysis
The Overhead Crane Manufacturing industry has encountered subdued trends in several core domestic markets while losing ground to imports. Imports make up two-thirds of the total domestic sales of overhead cranes, principally coming from China, Germany, the United States and Japan. The industry has faced negligible growth in core manufacturing markets and endured a slight deterioration in sales to port terminal operators following the outbreak of COVID-19 and the disruption to global shipping. In contrast, the industry has continued to derive moderate sales to general distribution and warehousing companies and improved trends in the mining sector. Some larger companies have entered lucrative arrangements to supply large-scale gantry and bridge cranes for landmark road and rail infrastructure projects.
Trends and Insights
- Imported cranes are spreading through the local market, raising the competitive intensity for local manufacturers and dampening revenue. Imports account for about two-thirds of domestic overhead crane sales.
- Favourable trends in warehousing and mining activity have driven expanding sales of single-girder and double-girder bridge cranes. The bespoke manufacture of these cranes has helped offset weaker local production of hoist and winch products.
- New South Wales is a core manufacturing and transport hub. Sydney is home to several of the largest overhead crane manufacturers, including Eilbeck Cranes and Konecranes.
- Much local overhead crane production is customised to meet clients’ specific requirements. Clients seek manufacturers with a proven track record for quality, reliability and ongoing maintenance services.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 1.1 % over the past five years, to reach an estimated $492.3m in 2024.
Trends and Insights
Subdued overhead crane sales to the manufacturing markets
- The Manufacturing division represents the largest market for overhead cranes and was adversely affected by the economic fallout from the COVID-19 pandemic. Still, Australia's manufacturing output rebounded in 2021-22 with the removal of pandemic restrictions and the accelerated growth in housing construction and household spending.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Moderate growth in manufacturing and mining activity drives crane sales and upgrades
- Sales of overhead crane products, including replacement parts and aftersales servicing, are set to remain buoyant in the Manufacturing and Mining divisions as the economy gathers momentum in the post-pandemic period.
Biggest companies in the Overhead Crane Manufacturing in Australia
| Company | Market Share (%)
2024 | Revenue ($m)
2024 |
|---|---|---|
Konecranes | 96.4 | |
Eilbeck Cranes | 47.0 | |
Modular Cranes Pty Ltd | 22.0 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Single-girder bridge cranes, Double-girder bridge cranes and Gantry cranes. Single-girder bridge cranes is the largest segment of the Overhead Crane Manufacturing in Australia.
Trends and Insights
Stronger warehousing activity has boosted sales of single-girder bridge cranes
- Single-girder bridge cranes are the most common type of overhead crane and rising sales to service, the expanding general warehousing and cold storage markets through 2023-24 have boosted the share of industry revenue contributed by this product segment.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- Mining and Construction Machinery Manufacturing in Australia
- Conveyor and Crane Manufacturing in Australia
- Machinery and Scaffolding Rental in Australia
- Transport Equipment and Large Vehicle Rental in Australia
International industries
- Forklift & Conveyor Manufacturing in the US
- Overhead Crane Manufacturing in the US
- Lifting & Handling Equipment Manufacturing in the UK
- Lifting & Handling Equipment Manufacturing in Germany
- Crane Manufacturing in China
Table of Contents
About this industry
Industry definition
Industry operators manufacture overhead cranes and gantry cranes. Overhead cranes include a hook-and-line mechanism that runs along a horizontal beam, which runs along two widely separated rails.
What's included in this industry?
Single-girder bridge cranes Double-girder bridge cranes Gantry cranesJib cranes Hoists and winchesMaintenanceCompanies
KonecranesEilbeck CranesModular Cranes Pty LtdPurchase this report to view all 3 major companies in this industry.
Related Terms
GIRDERMECHATRONICSTROLLEY HOISTTELEMATICS SYSTEMSIndustry Code
ANZSIC 2491 - Overhead Crane Manufacturing in Australia
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Imported cranes are spreading through the local market, raising the competitive intensity for local manufacturers and dampening revenue. Imports account for about two-thirds ...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Favourable trends in warehousing and mining activity have driven expanding sales of single-girder and double-girder bridge cranes. The bespoke manufacture of these cranes has...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
New South Wales is a core manufacturing and transport hub. Sydney is home to several of the largest overhead crane manufacturers, including Eilbeck Cranes and Konecranes.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Much local overhead crane production is customised to meet clients’ specific requirements. Clients seek manufacturers with a proven track record for quality, reliability and ...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
While the industry includes several prominent manufacturers, it has a fragmented structure, with many one-or-two-person businesses. These small-scale manufacturers supply nar...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Konecranes's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Eilbeck Cranes's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Modular Cranes Pty Ltd's performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for Konecranes, and factors influencing its performance in the industry
- Description and key data for Eilbeck Cranes, and factors influencing its performance in the industry
- Description and key data for Modular Cranes Pty Ltd, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Stronger shipping volumes will lift crane sales to port terminals as the global economy emerges from the pandemic. A contraction in this driver during the pandemic dampened o...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Disruptions to global supply chains following the COVID-19 outbreak have put upwards pressure on input prices. The industry relies on purchasing semi-finished or intermediate...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia include:
- Australian Bureau of Statistics
- Australian Taxation Office
- Australian Securities & Investments Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Overhead Crane Manufacturing industry in Australia in 2024?
The market size of the Overhead Crane Manufacturing industry in Australia is $492.3m in 2024.
How many businesses are there in the Overhead Crane Manufacturing in Australia industry in 2024?
There are 85 businesses in the Overhead Crane Manufacturing industry in Australia, which has declined at a CAGR of 3.0 % between 2019 and 2024.
Has the Overhead Crane Manufacturing industry in Australia grown or declined over the past 5 years?
The market size of the Overhead Crane Manufacturing industry in Australia has been declining at a CAGR of 1.1 % between 2019 and 2024.
What is the forecast growth of the Overhead Crane Manufacturing industry in Australia over the next 5 years?
Over the next five years, the Overhead Crane Manufacturing industry in Australia is expected to grow.
What are the biggest companies in the Overhead Crane Manufacturing market in Australia?
The biggest companies operating in the Overhead Crane Manufacturing market in Australia are Konecranes, Eilbeck Cranes and Modular Cranes Pty Ltd
What does the Overhead Crane Manufacturing in Australia include?
Single-girder bridge cranes and Double-girder bridge cranes are part of the Overhead Crane Manufacturing industry.
Which companies have the highest market share in the Overhead Crane Manufacturing in Australia?
The company holding the most market share in Australia is Konecranes.
How competitive is the Overhead Crane Manufacturing industry in Australia?
The level of competition is high and steady in the Overhead Crane Manufacturing industry in Australia.
