Electric Overhead Travelling (EOT) Cranes Market size was valued US$ 57.47 Mn in 2019 and the total revenue is expected to grow at 4.5% from 2019 to 2027, reaching USXX Bn.

Electric Overhead Travelling (EOT) Cranes Market

Electric Overhead Travelling (EOT) Cranes Market Overview

EOT (Electric overhead traveling) crane is an overhead crane. The crane has a parallel runway with a visiting bridge which covers the gap. Electric overhead Travelling (EOT) Crane is used both for renovation or manufacturing application. The advances electric overhead Travelling (EOT) crane have various expertise such as excessive speeds, lifting with heavy speed on the manufacturing facility ground others make the Electric Overhead Travelling (EOT) Cranes extra more attractive. The EOT cranes are operated via radio/IR remote pendant or by cabin operator which is connected to crane. Associations like Crane Manufacturers Association of America, Monorail Manufacturers Association and Hoist Manufacturers Institute are there to test the industry standard and promotional activities to enlarge the attention of the assistances to overhead lifting.

The features such as excessive safety, time saving, reduction of labor cost and decrease renovation fees are the few factors which are anticipated to drive the electric overhead travelling cranes market throughout the world. Increasing investment of government authorities and private industry in infrastructure improvement tasks which consists of street construction, dam, bridges, railway, waterways, and others is the key riding element for Electric overhead travelling cranes market. However, the set-up price of Electric overhead travelling cranes is very high and this act as a restraining factor for the Electric Overhead Traveling (EOT) cranes market. Other than this, Electric overhead travelling cranes have an opportunity in warehousing and distribution and manufacturing sector. All this feature is anticipated to drive the standard Electric overhead Travelling (EOT) cranes market throughout the region.

Electric Overhead Travelling (EOT) Cranes Market1

Market Dynamics

Increasing development project around the world is anticipated to drive the market of Electric overhead traveling crane in the forecast period. Growing wind energy projects around the globe will require Electric overhead travelling (EOT) cranes for their set up and as a result have large possibilities in off shore and on-shore. The use of Electric overhead travelling (EOT) in heavy industrial segments such as metallurgy, engineering equipment, vehicle lifting and transferring heavy weighted masses from one to other has been a distinguished use of EOT cranes owing to its environment friendly load bearing and maneuvering capabilities. The product has additionally witnessed a sizeable quantity of use in inland ports and different areas of sea logistics. Improved world economic situation has multiplied funding in infrastructure initiatives which has fueled demand of bridges as a result driving the market. Double Girder bridge crane is in trend in modern times as they can raise comparatively heavy load for a longer span. However, its value and installation complexity are obstructing the market of Electric overhead travelling (EOT) crane to some extent. Also, use of Smart technology cranes are extra desired as the new cranes are highly-priced therefore it’s an indispensable factor hindering the market of Electric overhead travelling (EOT) cranes.

Key development

• In 2018, Columbus McKinnon Corporation introduced the launch of their AS7 electric powered wire rope hoist’ to its hoist product portfolio. It is a cost- effective for users, crane producers and device manufacturers.
• In 2019, Konecranes introduced the launch of their new Konecranes CXT UNO which is in particular designed for popular manufacturing, steel working and for restore facilities.

Competitive Landscape

The prominent players operating in the Electric overhead travelling (EOT) cranes market included Liebherr Group, Komatsu Ltd., Comansa, XCMG Ltd., Zoomlion Heavy Industry Science and Technology Co., Ltd., Terex Corporation, Sany Group, Tadano Ltd., Manitowoc, Palfinger AG. The industries are launching new products with smart connectivity & security technology to provide operational security at worksites. The producers are focusing on creating environment friendly product to cater to a variety of application industries.

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Electric overhead travelling (EOT) cranes market, by Type

• Single Grinder Crane
• Double Grinder Crane
• Gantry Crane
• Monorails
Electric overhead travelling (EOT) cranes market, by Solution

• Product
• service
Electric overhead travelling (EOT) cranes market, by Configuration

• Top Running(T/R)
• Under Running(U/R)
Electric overhead travelling (EOT) cranes market, by End-user

• Construction
• Mining
• Metallurgy
• Automobile
• Shipping & Boarding Industry
• Oil & Gas Industry
Electric overhead travelling (EOT) cranes market, by Region

North America
• US
• Canada
Europe
• Germany
• UK
• Russia
• France
• Spain
• Norway
• Italy
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
Middle East and Africa
• GCC
• Southern America
• North Africa
South America
• Mexico
• Brazil
• Argentina
Electric overhead travelling (EOT) cranes market, Key Players

• Harrington Hoists Inc.
• Columbus Mckinnon Corporation
• ABUS cranes
• Liebherr Group
• Komatsu Ltd.
• Comansa
• XCMG Ltd
• Zoomlion Heavy Industry Science and Technology Co. Ltd.
• Terex Corporation
• Sany Group
• Tadano Ltd
• Manitowoc
• Palfinger AG





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