Heads-up: Revenue decreased as industrial markets slowed and downstream demand faltered

Over the past five years, the Overhead Crane Manufacturing industry has experienced significant volatility. At the outset of the five-year period, industry revenue increased as US manufacturing and freight volumes improved. However, downstream demand faltered as industrial markets slowed, resulting in revenue declines over the five years to 2017. Manufacturing capacity utilization, which measures the ratio of actual manufacturing output to potential full-capacity output, has yet to recover to prerecession levels. As a result, even as industrial output expanded, manufacturers had idle capacity to use rather than investing in new capital equipment...read more.

Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 12-17
-1.7%
Forecast Growth 17-22
Profit
Employment
2,659
Businesses
42
Market Share of Companies
What Our Customers Say

Industry Threats & Opportunities

  • Even as industrial output expanded, manufacturers had idle capacity to use rather than investing in new capital equipment
  • The recent slowdown in emerging market growth has stalled export growth
  • Growth in industrial, trade and transportation activity will improve demand
  • 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, 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...purchase to read more.

    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 Total trade value in the Overhead Crane Manufacturing industry impact industry performance..

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    What is the Overhead Crane Manufacturing Industry?

    This industry manufactures overhead cranes, gantry cranes and bridge cranes. 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
  • Gantry
  • Under-running bridge, gantry, stack-storage and other
  • Buckets, grabs and grips
  • Monorail systems
  • Double-top running bridge
  • 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

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

  • Current Performance
  • Slow growth leads to declines
  • Trade and industry trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand return
  • Technology and industry structure
  • Trade
  • Table: Overhead Crane Manufacturing Industry Revenue Outlook

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

  • 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, gantry, stack-storage and other
  • Parts and attachments
  • Double-top running bridge
  • Single-top running bridge
  • Gantry
  • Buckets, grabs and grips
  • Monorail systems
  • Other
  • Chart: Overhead Crane Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Construction and industrial
  • Transportation and heavy machinery
  • Energy
  • Exports
  • Other
  • Mining, metals and concrete
  • Chart: Major Market Segmentation for the Overhead Crane Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation 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
    Konecranes PLCCargotec Oyj
  • Table: Konecranes PLC - financial performance
  • Table: Cargotec Oyj - financial performance

  • 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
    Table: Industry Data for the Overhead Crane Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Total trade value (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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?

    The Overhead Crane Manufacturing industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

    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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