Portland, OR -- (SBWIRE) -- 01/09/2018 -- Overhead crane is a machinery used to displace heavy loads usually found in the industrial environment.Features such as lower maintenance costs, reduction of labor expense, and safety are some of the major factors that contribute to the high demand for overhead cranes market. However, the high installation cost may act as a restraint for the market growth. Increase in demand from the sectors such as manufacturing, steel, warehousing and distribution, and others provide lucrative opportunities for the overhead cranes market.
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The market is segmented on the basis of type, application, and geography. On the basis of type, the market is bifurcated into single-girder overhead cranes and double-girder overhead cranes. Based on applications, the market is divided into factory & plant, production line, warehouse, and others. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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Key players profiled in the report include Konecranes, Terex, KITO GROUP, ABUS, GH Crane & Components, Gorbel, Eilbeck Cranes, ZPMC, Jinrui, and Weihua.