Overview

Lift up: Industry growth will accelerate, but increasing interest rates will temper demand

The Overhead Crane Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Demand for overhead cranes will rise as industrial and freight transportation activity grows
  • The need for overhead cranes was limited as companies used their existing cranes
  • Operators have emphasized improvements in the quality and cost efficiency of overhead cranes

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    Industry Analysis & Industry Trends

    Over the past five years, the Overhead Crane Manufacturing industry had a bumpy recovery. In the early part of the five-year period, industry revenue increased as the economy expanded and US manufacturing and freight volumes, increasing demand for overhead cranes. As a result, industry revenue is expected to increase. However, much of the increase in demand was a result of pent up demand, with the overall market for overhead cranes has remaining lackluster. Manufacturing capacity utilization, which measures the ratio of actual manufacturing output to potential full capacity output, has yet to recover to prerecession levels...

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    Industry Report - Starting a New Business Chapter

    The Overhead Crane Manufacturing industry has high barriers to entry, partially due to the substantial amount of capital required to start a new business. Start-up costs vary depending on the scale of operations and facility location. However, given the tight commercial lending conditions in the United States, securing the necessary capital to begin operations is a significant barrier to entry. Similarly, attracting and retaining skilled labor is an additional requirement for entering the industry. Typical employees include welders and machinists. As these positions require extensive certification and training, and there are a limited number of individuals with these skills, industry operators must compete for access to this labor pool with a range of other industries.

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    Additional Insights for the Overhead Crane Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Overhead Crane Manufacturing Industry are

  • Ability to accommodate environmental requirements
  • Access to a highly skilled workforce
  • Establishment of brand names
  • IBISWorld analysts also discuss how external factors such as Industrial production index and Freight transportation services index in the Overhead Crane Manufacturing industry impact industry performance..

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    Look under the hood?

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    Industry Products

    What is the Overhead Crane Manufacturing Industry?

    This industry manufactures overhead cranes, gantry cranes and bridge. Overhead cranes include a hook-and-line mechanism that runs along a horizontal beam, which runs along two widely separated rails.

    Industry Products
    Single top running bridge type overhead traveling cranes
    Gantry type overhead traveling cranes
    Under running bridge, stack-storage and other cranes
    Buckets, grabs and grips
    Monorail systems (manual and powered)
    Double top running bridge type overhead traveling cranes
    Parts and attachments
    Industry Activities
    Manufacture overhead cranes
    Manufacture straddle carriers
    Manufacture and install crane monorail systems
    Manufacture overhead crane-related parts and components

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Industrial production index
  • Freight transportation services index
  • Total trade value
  • Trade-weighted index

  • Current Performance
  • Postrecession lift and fall
  • Trade and other trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Lifting demand
  • Table: Overhead Crane Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Overhead Crane Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Manufacturing
  • Transportation and Warehousing
  • Port & Harbor Operations

  • Key Selling Industries
  • Engine & Turbine Manufacturing
  • Metal Stamping & Forging
  • Steel Rolling & Drawing

  • Products & Services
  • Under running bridge, stack-storage and other cranes
  • Single top running bridge type overhead traveling cranes
  • Double top running bridge type overhead traveling cranes
  • Parts and attachments
  • Buckets, grabs and grips
  • Gantry type overhead traveling cranes
  • Other
  • Monorail systems (manual and powered)
  • Chart: Overhead Crane Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Industrial users
  • Transportation and warehousing
  • Exports
  • Chart: Major Market Segmentation for the Overhead Crane Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Overhead Crane Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Overhead Crane Manufacturing Industry

  • Industry Globalization
    Major Companies
    Konecranes PlcCargotecTerex Corporation
  • Table: Konecranes Plc - financial performance
  • Table: Cargotec - financial performance
  • Table: Terex Corporation - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Overhead Crane Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Overhead Crane Manufacturing Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Total trade value (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Monorail System
  • A lifting device with one stationary beam that has a hoist and trolley.
  • Overhead Crane
  • A crane, typically found in industrial environments, that consists of parallel runways with a traveling bridge.
  • Under Running Overhead Crane
  • A crane that travels underneath the runway system, maximizing the distance between the ground and the hook.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Overhead Crane Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Overhead Crane Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Overhead Crane Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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