Overhead Cranes Market Revenue, Analysis Size, Revenue Analysis, Industry Outlook, Forecast, 2020-2030
Market Forecast Overhead Cranes Market Size was valued at USD 5649.5 million in 2021. The Overhead Cranes Marke industry is projected to grow from USD 5878.86 million in 2022 to USD 7767.48 million by 2030, exhibiting a compound annual growth rate (CAGR) of 4.06 % during the forecast period (2022 - 2030). Segmentation By Product: The two segments are the single girder and double girder overhead cranes in the global overhead cranes market. Single girder cranes find utility in industries which need the cranes to perform a specific task and not be retrofitted for additional tasks. Single girder cranes have an active rental market as well. The primary advantage offered by single girder cranes over double girder cranes is reduced cost. Double girder cranes are more expensive but can be repurposed with far greater ease than single girder cranes. This is mostly due to the greater hook height they offer. They find utility in factories, warehouses, and transportation. By End-User: Virtually