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Electric Overhead Travelling (EOT) Cranes: Introduction

  • Electric travelling cranes are a common type of overhead crane. Such cranes have a parallel runway with a traveling bridge, which covers the gap. These overhead cranes are extensively utilized in automotive and construction industries where heavy loads move from one place to other. The electric overhead traveling crane can lift heavy loads at high speeds. Furthermore, no obstacles on the factory floor and more control make the electric overhead traveling cranes market highly attractive. EOT cranes are operated through remote, control pendant, or by cabin operator, which is attached to the crane.

Key Drivers of Electric Overhead Travelling (EOT) Cranes Market

  • Rise in number of constructions activities across the globe is anticipated to increase the demand for electric overhead traveling cranes. Major construction industries across the globe prefer electric overhead travelling cranes owing to low maintenance cost, reduces labor cost is likely to increase the demand for electric overhead travelling cranes. Furthermore, rise in investment by private companies and governments in infrastructure development projects, which includes road construction, dam, bridges, railway, waterways and many others, are likely to boost the electric overhead travelling (EOT) cranes market across the globe.
  • Rise in small- and medium-scale industries across the globe is likely to increase the demand for electric overhead travelling cranes. Rapid expansion of shipping and port industries across the globe is likely to boost the electric overhead travelling cranes market across the globe.
  • The COVID-19 virus has caused a majority of businesses across the globe to disintegrate owing to the forced shutdown of production and manufacturing activities. However, major shipping and port industries shut down shipbuilding activities where electric overhead travelling cranes are widely used, which in turn is likely to reduce the demand for EOT cranes. This has led the global economy to contract to its lowest growth rate, which is likely to hamper the electric overhead traveling (EOT) cranes market across the globe.

Europe & Asia Pacific to Hold Significant Share of Global Electric Overhead Travelling (EOT) Cranes Market

  • Europe is projected to account for a major share of the global electric overhead travelling (EOT) cranes market due to a rise in shipping and port building industries across the region. Rise in construction and mining industries across the region is likely to witness major growth for electric overhead travelling (EOT) cranes market during the forecast period.
  • Followed by Europe, Asia Pacific is projected to hold a significant share of the global electric overhead travelling (EOT) cranes market due to a rise in the number of industries across the region. Rising government expenditure on construction and infrastructure development across the region is anticipated to further boost the electric overhead traveling (EOT) cranes market across the Asia Pacific.

Key Players Operating in Electric Overhead Travelling (EOT) Cranes Market

The electric overhead travelling (EOT) cranes market is expanding consistently, as a large number of players operate in the market. A few of the key players operating in the electric overhead travelling (EOT) cranes market are:

  • SISSCO Material Handling
  • Elestar Crane Systems Pvt Ltd.
  • Forum Hoist Pvt Ltd.
  • Siemens AG
  • Konecranes
  • ABUS
  • Gorbel
  • Terex Corporation
  • GH Crane & Components
  • Eilbeck Cranes
  • Harrington Hoists Inc.
  • Columbus Mckinnon Corporation
  • Abuscranes
  • K2 Cranes
  • Uesco Cranes
  • Mammoet
  • Hitachi Sumitomo Heavy Industries Construction Crane Co., Ltd.
  • Liebherr Group
  • Altech Industries
  • XCMG Construction Machinery Co. Ltd

Global Electric Overhead Travelling (EOT) Cranes Market: Research Scope

Global Electric Overhead Travelling (EOT) Cranes Market, by Type

  • Single Girder Crane
  • Double Girder Bridge Crane
  • Gantry Cranes
  • Monorails

Global Electric Overhead Travelling (EOT) Cranes Market, by Lifting Capacity

  • 15-20 Ft
  • 21-80 Ft
  • >80 Ft

Global Electric Overhead Travelling (EOT) Cranes Market, by Application

  • Construction & Infrastructure
  • Automotive
  • Mining Excavation Industry
  • Shipping & Port Building
  • Oil & Gas Industry
  • Others

Global Electric Overhead Travelling (EOT) Cranes Market, by Channel

  • Online
  • Offline

Global Electric Overhead Travelling (EOT) Cranes Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Nordic Region
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Electric Overhead Traveling Cranes Market

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