Overhead cranes market seen reaching $5.04 billion by 2027

By AI, Created 1:26 PM UTC, May 28, 2026, /AGP/ – Allied Market Research says the global overhead cranes market is projected to grow from $3.77 billion in 2019 to $5.04 billion by 2027. The report points to infrastructure spending, safety requirements and manufacturing investment as key drivers, with Asia-Pacific expected to lead growth.

Why it matters: - Overhead cranes are tied to construction, manufacturing and industrial handling demand across multiple sectors. - Allied Market Research projects the market to expand at a 4.9% CAGR through 2027, signaling continued capital investment in heavy-material handling equipment. - The forecast points to stronger demand in regions and industries where automation, safety and throughput matter most.

What happened: - Allied Market Research published a report on the global overhead cranes market covering single girder and double girder systems, OEM and aftersales business types, and end users including automotive, metal and mining, paper, utility, aerospace and shipyards. - The study says the market generated $3.77 billion in 2019 and is projected to reach $5.04 billion by 2027. - The report covers the 2020-2027 period. - The report sample is available here.

The details: - Governments are investing in infrastructure, which is increasing demand for overhead cranes. - Industrial buyers are prioritizing workplace safety by using cranes designed to reduce accidents and risk. - Automated cranes are helping companies lower labor costs and improve time efficiency. - A shortage of skilled operators and supply chain delays remain challenges. - Rising manufacturing investment is creating additional growth opportunities. - The COVID-19 pandemic caused a temporary slowdown as manufacturing and international trade disruptions delayed production and deliveries. - The report expects demand to recover as restrictions ease and construction and industrial activity resumes. - Single girder cranes accounted for nearly two-thirds of the market in 2019. - The single girder segment is projected to grow at a 5.2% CAGR through 2027. - Adoption by small and mid-sized businesses and aftermarket service providers is helping that segment grow. - OEMs contributed over two-thirds of total revenue in 2019. - Aftersales services are projected to post the fastest growth, at a 5.7% CAGR. - Major players are expanding service offerings to improve customer satisfaction. - Asia-Pacific held nearly half of the global market in 2019. - Asia-Pacific is forecast to keep the lead with a 5.4% CAGR by 2027. - Rapid industrialization and manufacturing investment in emerging economies are driving regional growth. - North America is projected to grow at a 4.0% CAGR, supported by industrial automation. - Key companies in the market include ABUS Kransysteme GmbH, Columbus McKinnon Corporation, EMH, Inc., GH Cranes & Components, Gorbel Cranes, Kito Corporation, Konecranes Plc, Ralf Teichmann GmbH, Sumitomo Heavy Industries Material Handling Systems Co., Ltd. and Weihua Group. - More COVID-19 impact analysis is available here. - Procurement details are available here.

Between the lines: - The strongest growth signals are in aftersales and Asia-Pacific, suggesting the market is shifting from one-time equipment sales toward ongoing service and regional industrial expansion. - The single girder segment’s lead indicates buyers continue to favor simpler, lower-cost configurations in many industrial settings. - The forecast also reflects a market that is sensitive to construction cycles, trade flow and factory output.

What’s next: - The market will likely track infrastructure spending, factory investment and the pace of industrial automation through 2027. - Service networks and aftermarket support may become more important as installed crane fleets grow. - Regional demand in Asia-Pacific will remain the key benchmark for overall market momentum.

The bottom line: - Allied Market Research sees steady, mid-single-digit growth ahead for overhead cranes, with Asia-Pacific and aftersales services leading the next phase of expansion.