Overhead crane market is anticipated to grow at a CAGR of 5.5% during the forecast period (2024-2031). An overhead crane is a machine that moves a load horizontally across the ceiling of a facility rather than down corridors or on the floor. Overhead cranes have significant lifting power for material transport. The market is driven by rising demand in end-user industries such as manufacturing, construction, and power generation. The market is also driven by the expansion of manufacturing industries.

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Overhead cranes are essential in developing economies as factories aim for higher production volumes to meet rising demands. They enable efficient material handling within production lines, accelerating production processes. Overhead cranes are cost-effective, requiring less manpower and lower long-term operational costs. They are also ideal for infrastructure development, such as roads, bridges, and power plants, where heavy construction materials are lifted and maneuvered. For instance, in November 2023, Konecranes was awarded a contract to upgrade the reactor hall overhead crane at Sweden's Oskarshamn Nuclear Power Plant. This upgrade was crucial for servicing the reactor and managing the removal of spent fuel casks while adhering to strict regulatory standards. The contract involved engineering, manufacturing, delivery, and installation of modernization components including a new 165-ton trolley/hoist, over a two-year timeline.

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Market Coverage
Market number available for – 2024-2031
Base year- 2024
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others

Global Space Heater Market Report Segment

By Type

Convection Heater
Ceramic Heater
Radiant and Infrared Heater
Fan Heater
Oil Filled Heater

By Application

Commercial
Residential
Industrial

Global Space Heater Market Report Segment by Region

North America

United States
Canada

Europe

UK
Germany
Italy
Spain
France
Rest of Europe

Asia-Pacific

China
India
Japan
South Korea
Rest of Asia-Pacific

Rest of the World

Latin America
Middle East & Africa

The Report Covers

Market value data analysis of 2023 and forecast to 2031.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global overhead crane market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.

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