“Rising Demand from Heavy Industries and Infrastructure Development”
- The growing industrialization and the increasing demand for material handling solutions across sectors like automotive, shipbuilding, metal and mining, and aerospace are significant drivers of the Overhead Travelling Cranes market.
- For instance, in March 2024, countries like India and China announced major infrastructure investment programs, including the development of industrial corridors, logistics parks, and new manufacturing zones, where material handling equipment such as overhead travelling cranes is essential.
- Overhead travelling cranes enhance operational efficiency, reduce human labor, and improve safety in industrial operations making them highly desirable in sectors with frequent heavy lifting requirements.
- The construction of mega factories and warehouses globally has also fueled the demand for efficient load handling systems, with overhead cranes offering both cost efficiency and high load-bearing capabilities.
- These cranes are increasingly being installed in smart factories, supporting automation and real-time data tracking, further propelling their adoption.
