$1.4bn
$XX.Xm
2,732
36
$XXX.Xm
Overhead crane manufacturers have expanded over the past five years. While the outbreak of COVID-19 temporarily hindered manufacturers' performance, pandemic-induced supply chain woes pushed up investments in warehouses, distribution and freight transportation by companies to improve their operations. Overall, industry revenue has been growing at a CAGR of 1.6% over the past five years to total an estimated $1.5 billion in 2024, including an estimated 0.3% increase in 2024. While manufacturers have enjoyed solid growth, profit has dropped.
Industry revenue has grown at a CAGR of 1.4 % over the past five years, to reach an estimated $1.4bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Konecranes Plc | 1,365.8 | 133.0 | 9.7 | |
Cargotec Corp Oyj | 166.7 | 4.9 | 2.9 |
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Industry revenue is measured across several distinct product and services lines, including Single-top running bridge , Gantry and Under-running bridge, gantry, stack-storage and other. Single-top running bridge is the largest segment of the Overhead Crane Manufacturing in the US.
The sale of single- and double-top running bridge type overhead cranes has been volatile
This industry manufactures overhead cranes, gantry cranes and bridge cranes. Overhead cranes include a hook-and-line mechanism that runs along a horizontal beam, which runs along two widely separated rails.
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NAICS 33392 - Overhead Crane Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Overhead crane manufacturers are thriving despite obstacles. They benefited from upticks in infrastructure investments, energy production and logistics, which have offset sup...
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The pandemic induced a slump in single—and double-top running bridge-type overhead cranes, but sales have rebounded. Under-running bridge, gantry and monorail systems sustain...
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The Southeast tops in overhead crane production. Skilled workers, top-notch infrastructure and essential industries contribute to its success, with its strategic location min...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Cost and quality reign among manufacturers. Producers that seamlessly blend price and performance, using economies of scale, gain a competitive edge. Manufacturers must balan...
Learn about the performance of the top companies in the industry.
Konecranes leads in overhead crane manufacturing, focusing on tech-driven machinery. Their innovative, quality products and extensive service network underscore the company's...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The Clean Air Act governs US manufacturing, curbing pollution during production. Occupational health and safety regulations prioritize workers' safety through health regulati...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Overhead crane manufacturers faced profitability challenges. Although their products' unique design drives high earnings, rising steel prices are eating into their profits.
Including values and annual change:
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Key data sources in the US include:
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The market size of the Overhead Crane Manufacturing in the US industry in United States is $1.4bn in 2024.
There are 36 businesses in the Overhead Crane Manufacturing in the US industry in United States, which has declined at a CAGR of 0.5 % between 2019 and 2024.
The market size of the Overhead Crane Manufacturing in the US industry in United States has been growing at a CAGR of 1.4 % between 2019 and 2024.
Over the next five years, the Overhead Crane Manufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the Overhead Crane Manufacturing market in United States are Konecranes Plc and Cargotec Corp Oyj
Manufacture overhead cranes and Manufacture straddle carriers are part of the Overhead Crane Manufacturing in the US industry.
The company holding the most market share in United States is Konecranes Plc.
The level of competition is high and steady in the Overhead Crane Manufacturing in the US industry in United States.