Autonomous Cranes Market Growth, Size, Trends, Revenue, Demand, Challenges and Future Scope
Autonomous Cranes Market Size- By Mobility, By Business Type, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jul-2023 | Report ID: MACH2342 | Pages: 1 - 214 | Formats*: |
| Category : Equipment and Machinery | |||
Autonomous Cranes Market Introduction and Overview
According to SPER Market Research, the Global Autonomous Cranes Market is estimated to reach USD 47.64 billion by 2033 with a CAGR of 24.92%.
The report includes an in-depth analysis of the Global Autonomous Cranes Market, including market size and trends, product mix, distribution channels, and supplier analysis. Autonomous cranes are sophisticated mechanical tools with wire ropes, sheaves, or chains for hoisting ropes, as well as intelligent software and hardware like machine vision and artificial intelligence (AI). They are intended for material handling tasks and have many benefits, such as improved time and operational efficiency and collision avoidance. These state-of-the-art cranes are a next-generation approach to lifting and moving heavy objects, utilising intelligent technology to improve efficiency and safety. Cranes that operate autonomously are those that don't require human intervention. A computer system that has been pre-programmed to perform the required actions and tasks is in charge of controlling these cranes.
- Increasing Construction and Renovation Activities: A variety of stakeholders, including heavy equipment service providers, professionals in infrastructure development, governmental organisations, and others, are anticipated to drive demand for automated crane solutions. The need for greater operational effectiveness and better safety measures is what is driving this demand.
- Enhanced Operational Efficiency: Autonomous cranes increase material handling efficiency, enabling quicker and more precise operations. Costs are reduced as a result of increased efficiency, and productivity is increased.
Market Opportunities and Challenges
Infrastructure Development: The emphasis placed on building infrastructure around the world, which includes projects like bridges, buildings, and transportation systems, creates a sizable market for autonomous cranes. These cranes have the potential to improve productivity levels across the industry, speed up project timelines, and optimise construction procedures. Growing Demand for Automation: The market opportunity for autonomous cranes is sizable because automation is becoming more and more prevalent in a variety of industries. Industries like manufacturing, logistics, and construction are actively looking for automated solutions to improve operational effectiveness and reduce labour costs. The adoption of autonomous cranes, which provide sophisticated automation capabilities for material handling tasks, is made more likely by this trend. Autonomous cranes can tap into a growing market and offer beneficial solutions to industry needs by satisfying the demand for increased efficiency and decreased labour costs.
Technical Complexity: It can be technically challenging to integrate cutting-edge technologies and create sophisticated control systems for autonomous cranes. For producers and developers, overcoming technical obstacles and ensuring smooth operation and dependability can be a challenge. Limited availability of skilled workers: Due to the high demand for skilled labour, manufacturing companies must pay their new hires higher wages. As a result, these businesses are spending a lot of money on labor-related expenses.
Market Competitive Landscape
The market for autonomous cranes is highly competitive and is characterised by a number of major players vying for market supremacy. Despite the fact that the exact landscape can change over time, the following well-known businesses are active in this market: AIDrivers Ltd, Cargotec Corporation, Columbus McKinnon, INTSITE Ltd., Komatsu Ltd., Konecranes Plc, Schneider Electric, SMIE, Syracuse, VOCA.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Mobility, By Business Type, By End User |
| Regions covered | Asia Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | AIDrivers Ltd, Cargotec Corporation, Columbus McKinnon, INTSITE Ltd., Komatsu Ltd., Konecranes Plc, Schneider Electric, SMIE, Syracuse, VOCA |
COVID-19 Impact on Global Autonomous Cranes Market
Global market for autonomous cranes has been significantly impacted by the COVID-19 pandemic. The virus outbreak caused significant disruptions in the supply, manufacturing, and construction chains, which had an impact on the demand for and future development of autonomous cranes. The slowdown of infrastructure and construction projects was the main effect of the pandemic. Construction activities were halted or postponed as a result of lockdowns and social isolation policies implemented in a number of nations, which had a direct impact on the adoption of autonomous cranes as demand for construction machinery fell. The market for autonomous cranes has experienced a significant setback as a result of this unprecedented circumstance, necessitating a cautious strategy for recovery and growth in the post-pandemic era.
Key Target Audience:
- Construction Companies
- Manufacturing and Industrial Facilities
- Port and Harbor Authorities
- Mining and Extraction Companies
- Energy and Utility Sector
- Others
Our in-depth analysis of the Autonomous Cranes Market includes the following segments:
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| By Business Type: |
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Key Topics Covered in the Report:
- Global Autonomous Cranes Market Size (FY’2023-FY’2033)
- Overview of Global Autonomous Cranes Market
- Segmentation of Global Autonomous Cranes Market By Mobility (Mobile, Static)
- Segmentation of Global Autonomous Cranes Market By Business Type (Aftermarket, OEM)
- Segmentation of Global Autonomous Cranes Market By End-User (Building & Construction, Marine & Offshore, Mining & Excavation)
- Statistical Snap of Global Autonomous Cranes Market
- Expansion Analysis of Global Autonomous Cranes Market
- Problems and Obstacles in Global Autonomous Cranes Market
- Competitive Landscape in the Global Autonomous Cranes Market
- Impact of COVID-19 and Demonetization on Global Autonomous Cranes Market
- Details on Current Investment in Global Autonomous Cranes Market
- Competitive Analysis of Global Autonomous Cranes Market
- Prominent Players in the Global Autonomous Cranes Market
- SWOT Analysis of Global Autonomous Cranes Market
- Global Autonomous Cranes Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Autonomous Cranes Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Autonomous Cranes Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Autonomous Cranes Market
7. Global Autonomous Cranes Market, By Mobility (USD Million)
7.1. Global Autonomous Cranes Market Value Share and Forecast, By Mobility, 2023-20337.2. Mobile7.3. Static7.4. Others
8. Global Autonomous Cranes Market, By Business Type (USD Million)
8.1. Global Autonomous Cranes Market Value Share and Forecast, By Business Type, 2023-20338.2. Aftermarket8.3. OEM8.4. Others
9. Global Autonomous Cranes Market, By End User (USD Million)
9.1. Global Autonomous Cranes Market Value Share and Forecast, By End User, 2023-20339.2. Building & Construction9.3. Marine & Offshore9.4. Mining & Excavation9.5. Others
10. Global Autonomous Cranes Market Forecast, 2019-2033 (USD Million)
10.1. Global Autonomous Cranes Market Size and Market Share
11. Global Autonomous Cranes Market, By Mobility, 2019-2033 (USD Million)
11.1. Global Autonomous Cranes Market Size and Market Share By Mobility (2019-2026)11.2. Global Autonomous Cranes Market Size and Market Share By Mobility (2027-2033)
12. Global Autonomous Cranes Market, By Business Type, 2019-2033 (USD Million)
12.1. Global Autonomous Cranes Market Size and Market Share By Business Type (2019-2026)12.2. Global Autonomous Cranes Market Size and Market Share By Business Type (2027-2033)
13. Global Autonomous Cranes Market, By End User, 2019-2033 (USD Million)
13.1. Global Autonomous Cranes Market Size and Market Share By End User (2019-2026)13.2. Global Autonomous Cranes Market Size and Market Share By End User (2027-2033)
14. Global Autonomous Cranes Market, By Region, 2019-2033 (USD Million)
14.1. Global Autonomous Cranes Market Size and Market Share By Region (2019-2026)14.2. Global Autonomous Cranes Market Size and Market Share By Region (2027-2033)14.3. Asia-Pacific14.3.1. Australia14.3.2. China14.3.3. India14.3.4. Japan14.3.5. South Korea14.3.6. Rest of Asia-Pacific14.4. Europe14.4.1. France14.4.2. Germany14.4.3. Italy14.4.4. Spain14.4.5. United Kingdom14.4.6. Rest of Europe14.5. Middle East and Africa14.5.1. Kingdom of Saudi Arabia14.5.2. United Arab Emirates14.5.3. Rest of Middle East & Africa14.6. North America14.6.1. Canada14.6.2. Mexico14.6.3. United States14.7. Latin America14.7.1. Argentina14.7.2. Brazil14.7.3. Rest of Latin America
15. Company Profile
15.1. AIDrivers Ltd15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments15.2. Cargotec Corporation15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments15.3. Columbus McKinnon15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments15.4. INTSITE Ltd.15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments15.5. Komatsu Ltd.15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments15.6. Konecranes Plc15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments15.7. Schneider Electric15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments15.8. SMIE15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments15.9. Syracuse15.9.1. Company details15.9.2. Financial outlook15.9.3. Product summary15.9.4. Recent developments15.10. VOCA15.10.1. Company details15.10.2. Financial outlook15.10.3. Product summary15.10.4. Recent developments15.11. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Autonomous Cranes Market CAGR of 24.92% during the forecast period.
You can get the sample pages by clicking the link -Click Here
Autonomous Cranes Market size is USD 47.64 billion from 2023 to 2033.
Autonomous Cranes Market Segment is Covered By Mobility, By Business Type, By End User
The North America region is anticipated to have the highest market share in Autonomous Cranes Market.
The key players in the market include Companies Covered AIDrivers Ltd, Cargotec Corporation, Columbus McKinnon, INTSITE Ltd., Komatsu Ltd., Konecranes Plc, Schneider Electric, SMIE, Syracuse, VOCA
Autonomous Cranes Market is projected to reach USD 47.64 billion by 2033, growing at a CAGR of 24.92% during the forecast period.
Autonomous Cranes Market grew in market size from 2023. The Market is expected to reach USD 47.64 billion by 2033, at a CAGR of 24.92% during the forecast period.
Autonomous cranes can tap into a growing market and offer beneficial solutions to industry needs by satisfying the demand for increased efficiency and decreased labour costs.
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