Gantry Crane Market to Grow at A CAGR Of 6% During the Forecast Period

The global gantry crane market size was worth around USD 2.1 billion in 2022 and is predicted to grow to around USD 3.6 billion by 2030 with a compound annual growth rate (CAGR) of roughly 6% between 2023 and 2030.

A gantry crane is a type of crane that is supported by a structure typically consisting of two vertical legs and an overhead beam. It is commonly used in industrial and construction settings for lifting and moving heavy objects or materials. The legs of a gantry crane are usually mounted on wheels or rails, allowing the crane to move horizontally along a track or across a wide area. The overhead beam, known as the bridge or girder, spans between the legs and supports a trolley or hoist mechanism that moves vertically to lift and lower loads. Gantry cranes are versatile and can be found in various sizes and configurations to meet different lifting requirements, ranging from small portable models used in workshops to large-scale cranes used in shipyards and construction sites.

This review is based on a report by Zion Market Research, titled "Gantry Crane Market By Type (Single Girder Gantry Crane, Double Girder Gantry Crane, Portable Gantry Crane, Adjustable Gantry Crane, Others.), By Lifting Capacity (Up To 20 Tons, 20-50 Tons, 50-100 Tons, Above 100 Tons), By Application (Construction, Manufacturing, Ports And Logistics, Shipbuilding, Mining, And Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030"- Report at https://www.zionmarketresearch.com/report/gantry-crane-market-size

The global gantry crane market is projected to grow owing to the increasing adoption of automation and technological advancements. Automation technologies such as remote-control systems, sensors, and advanced software have enabled enhanced efficiency, precision, and safety in gantry crane operations. Automated gantry cranes offer features such as intelligent load sensing, collision avoidance, and real-time monitoring, which improve productivity and reduce the risk of accidents. Furthermore, the integration of Internet of Things (IoT) technologies and data analytics in gantry cranes allows for predictive maintenance, optimizing performance, and minimizing downtime. This helps in reducing maintenance costs and improving overall operational efficiency. The demand for automated gantry cranes is driven by the benefits they offer, including increased productivity, improved safety, reduced labor costs, and enhanced operational flexibility. As industries seek to streamline their processes and maximize productivity, the adoption of automated gantry cranes is expected to grow, driving the market's expansion.

The gantry crane industry is also plagued with several growth restrictions. One of the major reasons is the strict regulatory and safety standards. Gantry cranes are subject to various safety regulations and guidelines imposed by governmental bodies and industry organizations to ensure the protection of workers, equipment, and the surrounding environment. Compliance with these safety standards requires additional investments in safety features, training programs, and regular inspections. For instance, gantry cranes may need to be equipped with anti-collision systems, overload protection mechanisms, emergency stop controls, and proper warning signage. Implementing these safety measures can increase the overall cost of ownership and operation of gantry cranes.

The increasing focus on sustainable and eco-friendly solutions will offer growth opportunities in the gantry crane industry during the forecast period. As environmental consciousness continues to rise, there is a growing demand for greener and more energy-efficient equipment across various industries. Gantry crane manufacturers have the opportunity to develop and offer eco-friendly gantry crane solutions that minimize environmental impact.

The skilled labor shortage is likely to become a challenge in the global gantry crane market. The operation and maintenance of gantry cranes require skilled and trained personnel. However, there is a shortage of qualified crane operators and maintenance technicians in some regions. This shortage can hinder the adoption and utilization of gantry cranes and increase labor costs for businesses.

The gantry crane industry is segmented based on type, lifting capacity, application, and region.

Based on the type, the global market is bifurcated into single-girder gantry cranes, double-girder gantry cranes, portable gantry cranes, adjustable gantry cranes, and others. The portable gantry cranes segment will capture the largest market share during the forecast period. A portable Gantry Crane is a type of gantry crane that offers flexibility and mobility in lifting operations. It is designed to be easily transported and assembled, making it suitable for various job sites and applications within the Gantry Crane market. Portable gantry cranes are typically lightweight and feature a modular design, allowing for easy disassembly and reassembly without the need for specialized tools or equipment. They are commonly used in situations where a fixed gantry crane may not be feasible or practical, such as temporary job sites, outdoor locations, or facilities with limited space.

Based on the lifting capacity, the global gantry crane industry is divided into up to 20 tons, 20-50 tons, 50-100 tons, and above 100 tons. The above 100 tons segment will grow at a significant rate during the forecast period. Gantry cranes in this capacity range are typically utilized in sectors such as heavy manufacturing, shipbuilding, steel mills, construction of large infrastructure projects, and heavy-duty industrial applications. They are specifically designed to handle the unique challenges associated with lifting and moving extremely heavy loads.

Based on the application, the gantry crane market is segmented into construction, manufacturing, ports and logistics, shipbuilding, mining, and others. The construction segment is expected to capture the largest revenue share during the forecast period. Gantry cranes are used to lift and transport heavy construction materials such as steel beams, precast concrete elements, scaffolding, and construction machinery. These cranes provide the necessary lifting capacity and reach to efficiently move materials within construction sites, improving productivity and reducing manual labor.

The global gantry crane market is projected to register the highest CAGR in the North American region as it has a mature gantry crane market driven by infrastructure development, construction activities, and industrial sectors such as manufacturing, logistics, and ports. The presence of established market players, technological advancements, and strict safety regulations further contribute to market growth in this region.

Europe is another significant market for gantry cranes, driven by construction and infrastructure projects, especially in countries like Germany, the UK, and France. The region also has a strong presence of key manufacturers and suppliers, as well as stringent safety and quality standards.

Recent Developments:

• In May 2021, JASO Industrial Cranes and ArcelorMittal France announced a strategic partnership. The collaboration aims to design and manufacture an advanced scrap loading crane specifically for ArcelorMittal's plant located in Dunkerque. The crane is set to have an impressive maximum load capacity of 300 tons and a substantial span of 24.4 meters, making it suitable for handling heavy scrap materials efficiently within the plant. This partnership signifies a joint effort to enhance operational capabilities and meet the specific requirements of the steel industry, showcasing the commitment of both companies to innovation and delivering cutting-edge solutions.
• In January 2020, Konecranes successfully finalized its acquisition of MHE-Demag, a significant move that will bolster its market presence and enable it to better serve customers in the Southeast Asia region. With this acquisition, Konecranes aims to expand its operations and strengthen its position as a leading provider of lifting solutions and material handling equipment in Southeast Asia. The integration of MHE-Demag's expertise, customer base, and local market knowledge will further enhance Konecranes' ability to meet the evolving needs and demands of consumers in this strategic region

Gantry Crane Market: Competitive Analysis

The global gantry crane markets are dominated by players like:

• Konecranes
• Liebherr Group
• Terex Corporation
• Cargotec Corporation
• Demag Cranes AG
• Columbus McKinnon Corporation
• Shanghai Zhenhua Heavy Industries Co. Ltd. (ZPMC)
• Eilbeck Cranes
• GH Cranes & Components
• Tadano Ltd.

The global gantry crane market is segmented as follows:

By Type               

• Single Girder Gantry Crane
• Double Girder Gantry Crane
• Portable Gantry Crane
• Adjustable Gantry Crane
• Others

By Lifting Capacity          

• Up to 20 tons
• 20-50 tons
• 50-100 tons
• Above 100 tons

By Application 

• Construction
• Manufacturing
• Ports and Logistics
• Shipbuilding
• Mining
• Others

End-Use Industry            

• Automotive
• Aerospace
• Oil and Gas
• Energy and Utilities
• Chemicals
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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