About the Report
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.
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.
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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.
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.
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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.
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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.
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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
Gantry Crane Market- Scope of Report
A recent study by Fact.MR on the gantry crane market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering gantry cranes.
The study also provides the dynamics responsible for influencing the future status of the market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.
A list of prominent companies manufacturing gantry cranes, along with their product portfolios, enhances the reliability of this comprehensive research study.
The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of gantry cranes across the globe.
A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of gantry cranes during the forecast period. Price point comparison by region with global average price is also considered in the study.
Key Questions Answered in Report
- Which are the most lucrative markets for gantry cranes?
- Which factors will impact the growth of the market?
- How will changing trends impact the strategies of market players?
- How can market players capture the low-hanging opportunities across regions?
- Which companies are leading the gantry crane industry?
- What are the winning strategies of stakeholders in the market?
Analysis on Market Size Evaluation
The market has been analyzed for each segment in terms of volume (‘000 Units) and value (US$ Mn).
Market estimates at global and regional levels for gantry cranes are available in terms of “US$ Mn” for value and in “‘000 Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global gantry crane market.
Inspected Assessment on Regional Segments
Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the gantry crane market during the forecast period.
Country-specific valuation on demand for gantry cranes has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value & volume for emerging countries has also been included in the report.
In-depth Analysis on Competitive Landscape
The report sheds light on leading manufacturers of gantry cranes, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering gantry cranes has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the gantry crane market, and reach conclusions on the future growth parameters. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.
Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.
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Is the market research conducted by Fact.MR?
Yes, the report on the radiation proctitis treatment industry has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
Is a sample of this report available for evaluation?
Yes, you can request a sample, and it will be sent to you through an email.