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
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| Regions covered | Asia Pacific, Europe, Middle East and Africa, North America, Latin America
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| 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 Mobility:
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Mobile
Static
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By Business Type:
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Aftermarket
OEM
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By End User:
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Building & Construction
Marine & Offshore
Mining & Excavation
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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 report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Autonomous Cranes Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Autonomous Cranes Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. 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, 2023-2033
7.2. Mobile
7.3. Static
7.4. Others
8. Global Autonomous Cranes Market, By Business Type (USD Million)
8.1. Global Autonomous Cranes Market Value Share and Forecast, By Business Type, 2023-2033
8.2. Aftermarket
8.3. OEM
8.4. Others
9. Global Autonomous Cranes Market, By End User (USD Million)
9.1. Global Autonomous Cranes Market Value Share and Forecast, By End User, 2023-2033
9.2. Building & Construction
9.3. Marine & Offshore
9.4. Mining & Excavation
9.5. 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-Pacific
14.3.1. Australia
14.3.2. China
14.3.3. India
14.3.4. Japan
14.3.5. South Korea
14.3.6. Rest of Asia-Pacific
14.4. Europe
14.4.1. France
14.4.2. Germany
14.4.3. Italy
14.4.4. Spain
14.4.5. United Kingdom
14.4.6. Rest of Europe
14.5. Middle East and Africa
14.5.1. Kingdom of Saudi Arabia
14.5.2. United Arab Emirates
14.5.3. Rest of Middle East & Africa
14.6. North America
14.6.1. Canada
14.6.2. Mexico
14.6.3. United States
14.7. Latin America
14.7.1. Argentina
14.7.2. Brazil
14.7.3. Rest of Latin America
15. Company Profile
15.1. AIDrivers Ltd
15.1.1. Company details
15.1.2. Financial outlook
15.1.3. Product summary
15.1.4. Recent developments
15.2. Cargotec Corporation
15.2.1. Company details
15.2.2. Financial outlook
15.2.3. Product summary
15.2.4. Recent developments
15.3. Columbus McKinnon
15.3.1. Company details
15.3.2. Financial outlook
15.3.3. Product summary
15.3.4. Recent developments
15.4. INTSITE Ltd.
15.4.1. Company details
15.4.2. Financial outlook
15.4.3. Product summary
15.4.4. Recent developments
15.5. Komatsu Ltd.
15.5.1. Company details
15.5.2. Financial outlook
15.5.3. Product summary
15.5.4. Recent developments
15.6. Konecranes Plc
15.6.1. Company details
15.6.2. Financial outlook
15.6.3. Product summary
15.6.4. Recent developments
15.7. Schneider Electric
15.7.1. Company details
15.7.2. Financial outlook
15.7.3. Product summary
15.7.4. Recent developments
15.8. SMIE
15.8.1. Company details
15.8.2. Financial outlook
15.8.3. Product summary
15.8.4. Recent developments
15.9. Syracuse
15.9.1. Company details
15.9.2. Financial outlook
15.9.3. Product summary
15.9.4. Recent developments
15.10. VOCA
15.10.1. Company details
15.10.2. Financial outlook
15.10.3. Product summary
15.10.4. Recent developments
15.11. 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.
