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Mobile Crane Market: 2021 Industry Share, Trends, Demand Analysis, Top Vendors, Business Growth, Future Insights and Forecast by 2023

Overhead Cranes Market to Reach $5 04 Bn, Globally, by 2027 at 4 9% CAGR: Allied Market Research

 by Type (Single Girder and Double Girder), Business Type (OEM and Aftersales), and End User (Automotive, Metal & Mining, Paper, Utility, Aerospace, Shipyards, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027. According to the report, the global overhead cranes industry generated $3.77 billion in 2019, and is expected to generate $5.04 billion by 2027, witnessing a CAGR of 4.9% from 2020 to 2027. Drivers, restraints, and opportunities Rise in government investment in development of infrastructure activity, growth in need for workplace safety in industrial applications, and higher time optimization and reduced labor cost drive the growth of the global overhead cranes market. However, limited availability of skilled workforce to complete operation and time requirement for supply chain restrain the market growth. On the other hand, surge in investment in the manufacturing sector present new opportunities in the coming years.

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