Gantry Crane Market
Gantry Crane Market Analysis by Type (Full, Semi, Truss Gantry Cranes), by Operation (Manual, Automatic Gantry Cranes), by Lifting Capacity (Less than 30 Ton, 30 - 50 Ton), by End Use, by Region - Global Insights to 2031
Gantry Crane Market Outlook
The global gantry crane market is forecast to surpass a valuation of US$ 3 billion by 2031, expanding at a CAGR of approximately 6% over the next ten years. Growth is majorly underpinned by extensive uptake across the construction industry, amid the ever-expanding scope of public and private infrastructure development. Demand for truss gantry cranes and also demand for gantry cranes from the automotive sector is expected to rise.
As per a new report by Fact.MR, demand for portable gantry cranes is expected to surpass that of manual ones, amid growing need for ensuring flexibility in operations. The report tracks global sales of gantry cranes in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the industrial goods domain in general, and gantry crane demand in particular. This edition (2021-2031) brings readers up-to-date with key market developments, providing analysis on how manufacturers and other stakeholders are reacting to change.
Interested to Procure The Data
How Do Historical Trends Compare to Future Projections?
In recent years, global construction activities have increased, attributed to increasing commercialization and urbanization of key regions. This has boded well for the gantry crane market. Key regions are witnessing an increase in infrastructure projects such as ports, harbors and commercial complexes.
Demand suffered a significant setback during the coronavirus pandemic, with infrastructure projects entering a hiatus for most part of 2020. Mandatory social distancing protocols compelled construction companies to cease production, causing limited uptake of gantry cranes. Fortunately, as lockdowns eased in the latter half, growth projections rebounded, largely restoring them to pre-pandemic levels.
How are Surging Construction & Shipping Activities Driving Growth?
Globally, public and private infrastructure spending has accelerated significantly, amid large-scale urbanization. Construction activities are inclining exponentially, with governments spending massively on housing and non-housing projects, thus generating demand for gantry cranes.
Additionally, globalization has paved way for enhanced sea-borne trade, necessitating the construction of ports and other maritime infrastructure, especially across countries such as China, South Korea, Singapore, India, and South Korea, which is inclining demand for gantry cranes.
An Adaptive Approach to Modern-day Research Needs
Will Lightweight Aluminum Cranes Generate New Revenue Streams?
Mobility and versatility of aluminum gantry cranes are gaining immense popularity, translating into revenue opportunities for dealers, owing to their operator-friendly handles for height adjustment. Equipment manufacturers are increasing the availability of compact and easily transportable aluminum gantry cranes that meet storage requirements of end users.
Lightweight, portable, and easy-to-use, these cranes can be customized as per specific client requirements. In order to adhere to global industry standards, companies in the gantry crane market are conducting load tests before shipment. Operator safety, mobility, and simplicity in crane designs are translating into incremental opportunities for equipment manufacturers and dealers.
How are Lifting Capacity Limitations Restraining Market Growth?
Gantry cranes suppliers are making crane solutions affordable to key income generating sectors, such as automotive, aerospace, and ports & shipping industries. However, gantry cranes have limitations in their size and lifting capacity, which is likely to restrain market growth to some extent. Hence, players are educating their clients about safety ratings and advising on a standard or above average span length before entering a purchase decision.
What Makes the U.S. a High Potential Market for Gantry Cranes?
The U.S is likely to generate potential expansion opportunities given its high volume of residential and non-residential construction projects. According to the U.S. Census Bureau, as of 2019, the construction industry was valued at US$ 1.3 trillion, with average spending totaling US$ 1.04 trillion between 2009 and 2019.
Private sector construction spending totaled US$ 977 billion, while public sector spending amounted to US$ 329 billion. Consequently, major companies are investing in advanced construction equipment, widening adoption of gantry cranes to facilitate efficient operations.
What are the Growth Prospects across India for Gantry Crane Manufacturers?
According to Invest India, by 2025, the construction market is expected to emerge as the world’s 3rd largest market, with average output expected to incline by over 7% annually. By 2020, the industry was expected to be valued at US$ 5 billion. Additionally, the government has permitted 100% FDI under the automatic route.
All these figures are resultant from the increasing need to incorporate robust approaches to expand investment in public and private infrastructure projects. In order to facilitate enhanced construction activities, deployment of gantry cranes have acquired high importance, prompting numerous regional and global level manufacturers to increase inroads in the region.
Will China Be a Lucrative Market for Gantry Cranes?
China is considered to be the world’s largest gantry crane manufacturer, offering a broad range of product offerings for key industrial applications, a trend which is boosting the country’s growth prospects.
While the construction industry shall remain a key application area, demand is especially inclining due to the ever-widening shipping industry. This is largely in response to the every swelling volumes of international trade across Asia.
Avail customized purchase options for your needs
Why is Demand for Gantry Cranes Increasing across the Construction Industry?
Globally, rapid urbanization has led to an uptick in various infrastructure projects, ranging from residential buildings to massive public structures such as offices, airports, seaports, highways and rail networks. Hence, uptake of advanced gantry cranes has increased manifold in recent years.
According to a report published by Global Construction Perspectives and Oxford Economics, by 2030, the volume of construction output globally is anticipated to grow by 85% to US$ 15.5 trillion.
Will Portable Gantry Cranes Experience Increased Uptake in Future?
Portable gantry cranes are particularly popular in the construction industry as it can disassemble, load up, and then be transported to a different location easily. It is highly suitable for lifting small concrete blocks, steel girders and lumber.
The portable gantry cranes landscape is interspersed with the presence of several regional players, especially across emerging countries. Aditya Cranes Pvt. Ltd., a prominent Indian manufacturer, produces portable gantry cranes for warehouse and small workshop operations.
Key manufacturers rely on a slew of expansion strategies, including new product launches, mergers & acquisitions and foraying into new markets to enhance their footprints. Some notable developments are as follows:
- In May 2021, JASO Industrial Cranes partnered with ArcelorMittal France to manufacture an innovative scrap loading crane for their plant in Dunkerque, with a maximum load capacity of 300 tons and a span of 24.4 meters
- In July 2018, TNT Crane & Rigging merged with Allison Crane & Rigging, enabling the company to serve a much larger customer base, enabling it to penetrate new geographies and attract new customers
*This list is indicative- full details about prominent gantry crane manufacturers are available upon request.
Historical Data Available for
US$ Mn for Value & ‘000 Units for Volume
Key Regions Covered
Key Countries Covered
Key Segments Covered
Key Companies Profiled
Key Market Segments Covered
- Full Gantry Cranes
- Semi Gantry Cranes
- Truss Gantry Cranes
- Portable Gantry Cranes
- High-tech Aluminum Gantry Cranes
- Rubber Tired Gantry Cranes
- Turnkey Self-erecting Portable Overhead Cranes
- Manual Gantry Cranes
- Automatic Gantry Cranes
- Less than 30 Ton Gantry Cranes
- 30 - 50 Ton Gantry Cranes
- More than 50 Ton Gantry Cranes
- Gantry Cranes for Automotive
- Gantry Cranes for Metal & Mining
- Gantry Cranes for Construction
- Gantry Cranes for Paper & Pulp
- Gantry Cranes for Aerospace
- Gantry Cranes for Utility
- Gantry Cranes for Shipyards
- Gantry Cranes for Other End Uses
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of MEA
- South America
- Rest of South America
- North America