10 September 2018, The U.S. Bridge Crane Market is expected to reach USD 1.42 billion by 2025. The market is expected to witness a lucrative growth in the coming years owing to growing construction project and wide application in manufacturing and automobile industry. Developed manufacturing industry in this country is anticipated to create more demand for bridge cranes over the forecast period. To move bulky or extremely heavy loads in a manufacturing facility, an overhead crane is used to lift or move loads. Multi directional movement application of bridge cranes in a manufacturing plant to store, load or unloading activities is anticipated to add market growth over the forecast period. Benefits such as smooth operation results in reduction in product damage, smart features, and multiple speed options is anticipated to create more demand over the forecast period. Manufacturing is the important sector in United States. Growing transportation through factory, and mills has created bridge crane demand over the past few years. However, changing preference from manufacturing to service-based economy has major threat to overhead cranes. In addition, high installation cost for bridge cranes may act as a key restraint factor for the market.
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| U.S. bridge crane market revenue split, by application, 2017 (% share) |
Easier installation, maintenance, service, lower production cost, and low support structure cost due to lower overall weight properties made single-girder overhead cranes best suitable for light to medium duty cranes. Selection of bridge crane design is important factor as increasing complexity and extra materials leads to expensive design. Less product damage, cost effective use of space, less labor, and less maintenance makes it ideal for industrial and warehousing applications. Gantry cranes are widely used where overhead cranes are not strong enough. They are accepted as an alternative to overhead cranes. In 2017, gantry cranes accounted for smaller share of overall market share. space saving, durable, adaptive, less expensive, and proven effectiveness advantages of gantry cranes is anticipated to add bridge cranes market growth over the forecast period. In order to avoid floor obstructions, increased safety, improved load control, improved ergonomics, easy lifting of loads, and customizable properties of bridge cranes is anticipated to create more demand over the coming years. It is mostly used in water treatment plants, hot metal, modular home manufacturing, general contractors, shipbuilding, steel service centers, metal & chemical processing, steel fabrication, injection molding, construction, and military & government.
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Bridge crane industry in United States is fragmented in nature with large number of industries operating in this country. Some of the well-known players in this industry include Cargotec Corporation, Konecranes, Terex Corporation, GH CRANES CORPORATION, and GORBEL INC. Manufacturers in this industry are offering customizable bridge cranes in order to fulfill customers demand. Customizable cranes for precise placement, high duty cycles, tight dimensional constraints, bulky loads, systems with multiple cranes, maximizing lift height, and for hazardous environment has created competition among multiple players operating in this country. In addition, manufacturers are offering value added features in order to sustain in the market and attract more customers, such as improved monitoring system in order to reduce misuse of equipment and crane accidents.
Hexa Research has segmented the U.S. bridge crane market report based on type and application:
Segmentation by type, 2015 - 2025
• Under running bridge & stack-storage
• Single-girder overhead cranes
• Double-girder overhead cranes
• Gantry
• Others
Segmentation by application, 2015 - 2025
• Industrial
• Warehousing & transportation
Key players analyzed:
• Cargotec Corporation
• Konecranes
• Terex Corporation
• GH CRANES CORPORATION
• GORBEL INC.
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