Electric Overhead Traveling (EOT) Cranes Market - Global Industry Analysis, Size, Growth, Trends, and Forecast 2017 - 2025
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Cranes are EOT (Electric overhead traveling) crane is one of the common type of overhead crane. The crane have a parallel runway with a traveling bridge which covers the gap. This crane is run through electric. Electric overhead traveling are used either for maintenance or manufacturing application. They are designed for lifting medium and heavy industrial components, and it covers all parts of manufacturing process. The advances electric overhead traveling crane have various expertise such as function at high speeds, lift very heavy loads, no obstacles on the factory floor and more control all this make the electric overhead traveling cranes market more attractive. The EOT cranes are operated through radio/IR remote pendant, control pendant or by cabin operator which is attached to crane. Associations like Crane Manufacturers Association of America, Monorail Manufacturers Association and Hoist Manufacturers Institute are there to check the industry standard and promotional activities to increase the awareness of the assistances to overhead lifting.
The feature such as reduction of labor expense, high safety, time saving and lower maintenance costs are the few aspects which expected to drive the electric overhead traveling cranes market across the world. The other factors which driving the Electric overhead traveling cranes market such as increasing constructions activities in emerging countries like India, China is anticipated to rise the demand for Electric overhead traveling cranes. Furthermore, increasing investment by private companies and government in infrastructure development projects which includes road construction, dam, bridges, railway, waterways, and others is the key driving factor for Electric overhead traveling cranes market. However, the installation cost of Electric overhead traveling cranes is very high and this factor is acting as restrain for the Electric Overhead Traveling (EOT) cranes market. Other than construction Electric overhead traveling cranes has a huge opportunity in warehousing and distribution and manufacturing sector. Shifting focus towards compact and remote operated cranes and change in consumer preferences towards crane that ensures safety and comfort. All this factors are expected to drive the overall Electric overhead traveling cranes market across the region.
The Electric overhead traveling cranes market can be segmented on basis of type, applications, channel and geography. In terms of type, the Electric overhead traveling cranes market has been segmented into single girder EOT crane, double girder EOT crane. Single girder EOT crane have a capacity 15 tons and 20 to 80 ft. were as double girder EOT crane have the capacity of 10 tons and/or spans of 60 to 100 ft. Based on applications, the Electric overhead traveling cranes market has been classified into construction industry, shipping & port building, mining industry, automotive, oil & gas industry and others. On the basis of channel, the Electric overhead traveling cranes market is segmented into online and offline. The offline market in Electric overhead traveling cranes market is expected dominate the electric overhead traveling cranes market over the period.
In terms of geography, the global Electric overhead traveling cranes market has been categorized into South America Europe, Middle East & Africa Asia Pacific and North America. Asia pacific expected to holds a major share of the market followed by Europe and fastest growing regions during the forecasted period. As demand of Electric overhead traveling cranes has increased over the period owing to increasing construction activities in the region. North America market is matured market for Electric overhead traveling cranes market. Middle East & Africa and South America anticipated to have a steady growth during the forecasted period.
Key players operating in the global Electric overhead traveling cranes market includes, SISSCO Material Handling, Elestar crane systems pvt ltd, Forum Hoist Pvt.Ltd., Konecranes, ABUS, Gorbel, Terex, GH Crane & Components, KITO GROUP, Eilbeck Cranes, ZPMC, FURUKAWA UNIC CORPORATION, XCMG Construction Machinery Co., Ltd, Weihua Hitachi Sumitomo Heavy Industries Construction Crane Co., Ltd., Columbus McKinnon Corporation and others.
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