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Overhead Crane Manufacturing - Industry Market Research Report

  • April 2016
  • -
  • Ibisworld
  • -
  • 32 pages

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Lift up: Industry growth will accelerate, but increasing interest rates will temper demand



Abstract

Overhead Crane Manufacturing

Over the past five years, the Overhead Crane Manufacturing industry had a bumpy recovery. In the early part of the five-year period, industry revenue increased as the economy expanded and US manufacturing and freight volumes, increasing demand for overhead cranes. As a result, industry revenue is expected to increase. However, much of the increase in demand was a result of pent up demand, with the overall market for overhead cranes has remaining lackluster. Manufacturing capacity utilization, which measures the ratio of actual manufacturing output to potential full capacity output, has yet to recover to prerecession levels. Over the next five years, continued economic growth is anticipated to lead to help industrial and freight transportation activity recover in the United States, resulting in more demand for industry products. Manufacturing capacity utilization is forecast to exceed prerecession levels, forcing many manufacturers to expand capacity and purchase new cranes.




This industry manufactures overhead cranes, gantry cranes and bridge. Overhead cranes include a hook-and-line mechanism that runs along a horizontal beam, which runs along two widely separated rails.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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