Tall order: Revenue has fallen due to weak demand from the Manufacturing division

The Overhead Crane Manufacturing industry has encountered adverse demand conditions in several key markets over the past five years. The slump in capital expenditure on mine development in the aftermath of the resources boom has coincided with the downward trend in private capital expenditure on machinery and equipment that has accompanied the decline in output across the Manufacturing division. Weak demand for overhead cranes has been most evident in capital-intensive industries such as paper, metal products and automotive manufacturing...read more.

Industry Statistics & Market Size
Revenue
$374m
Annual Growth 14-19
-5.1%
Forecast Growth 19-24
x.x%lock
Profit
x.x%lock
Employment
1,175
Businesses
80
Market Share of Companies

Industry Threats & Opportunities

  • The industry is providing more repair, maintenance and upgrade services on existing cranes
  • The industry has boosted sales to customers in transport and storage industries
  • Solid demand from transport, storage and construction markets will support the industry

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    Industry Report - Industry Key Buyers Chapter

    The industry has a low level of concentration, with the top four players accounting for about 39.6% of industry revenue in 2018-19. The industry exhibits high barriers to entry. Consolidation has occurred among players as profitability has become threatened. The decline in local mining and manufacturing activity, along with the threat of import competition, has contributed to greater industry consolidation over the past five years.The industry participants design and manufacture standard and bespoke products to meet client specifications and typically have arrangements to install and maintain equipment. The maintenance and servicing segment of the industry requires economies of scope to be successful. Ind...purchase to read more.

    Additional Insights for the Overhead Crane Manufacturing Industry

    IBISWorld has determined the most important Key Success Factors for the Overhead Crane Manufacturing are:

  • Having a diverse range of clients
  • Production of premium goods/services
  • Experienced work force

    • IBISWorld analysts also discuss how external factors such as Demand from manufacturing and Demand from port and water transport terminal operations in the Overhead Crane Manufacturing industry impact industry performance..

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    What's in this report

    Industry Products

    What is the Overhead Crane Manufacturing Industry?

    Industry operators manufacture overhead cranes and gantry cranes. Overhead cranes include a hook-and-line mechanism that runs along a horizontal beam, which runs along two widely separated rails.

    Industry Products
  • Single-girder bridge cranes
  • Double-girder bridge cranes
  • Gantry cranes
  • Jib cranes
  • Hoists and winches
  • Maintenance and other
    • Industry Activities
  • Manufacturing single-girder bridge cranes
  • Manufacturing double-girder bridge cranes
  • Manufacturing portal cranes
  • Manufacturing jib cranes
  • Manufacturing electric hoists and electric winches
    • Table of Contents

    About this Industry

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources

    Industry at a Glance

    Industry Statistics Snapshot
    Industry Structure
    Executive Summary

    Industry Performance

    Executive Summary
    Key External Drivers
  • Demand from manufacturing
  • Demand from port and water transport terminal operations
  • Actual capital expenditure on mining
  • Private capital expenditure on machinery and equipment
  • Demand from general warehousing and cold storage

    • Current Performance
  • Downstream manufacturing trends
  • Mining demand falls
  • Other markets provide stimulus
  • Industry profitability and costs
  • Chart: Revenue Growth

    • Industry Outlook
  • Manufacturing demand strengthens
  • Mining recovery
  • Other demand drivers
  • Import penetration continues
  • Profitability remains tight
  • Table: Overhead Crane Manufacturing Industry Revenue Outlook

    • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Overhead Crane Manufacturing Industry Lifecycle vs The Economy

    • Products & Markets

    Supply Chains
    Key Buying Industries
  • Mining
  • Iron Smelting and Steel Manufacturing
  • Motor Vehicle Manufacturing
  • Port Operators

    • Key Selling Industries
  • Power Automation Products and Other Electrical Equipment Manufacturing
  • Structural Steel Fabricating

    • Products & Services
  • Single-girder bridge cranes
  • Hoists and winches
  • Maintenance and other
  • Double-girder bridge cranes
  • Jib cranes
  • Gantry cranes
  • Chart: Overhead Crane Manufacturing Industry Products and Services Segmentation

    • Demand Determinants
    Major Markets
  • Manufacturing companies
  • Ports and transport terminal operators
  • Mining and energy companies
  • General storage companies
  • Construction and other industrial companies
  • Chart: Major Market Segmentation for the Overhead Crane Manufacturing Industry

    • International Trade
    Business Locations
    Chart: Business Locations by State

    Competitive Landscape

    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Overhead Crane Manufacturing

    • Basis of Competition
  • Internal
  • External

    • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Overhead Crane Manufacturing Industry

    • Industry Globalization

    Major Companies

    Konecranes Pty Ltd, T Eilbeck & Son Pty Ltd, MHE-Demag Australia Pty Ltd,
  • Table: Konecranes Pty Ltd - financial performance
  • Table: T Eilbeck & Son Pty Ltd - financial performance
  • Table: MHE-Demag Australia Pty Ltd - financial performance

    • Operating Conditions

    Capital Intensity
  • Chart: Level of Capital Intensity for the Overhead Crane Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

    • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

    • Regulation & Policy
    Industry Assistance

    Key Statistics

    Table: Industry Data for the Overhead Crane Manufacturing Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

    • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data

    Jargon & Glossary

    Girder
  • A large, horizontal beam used to support the lifting mechanism of overhead cranes.
    • Mechatronics
  • A process of combining robotics with software programming.
    • Trolley Hoist
  • A steel structure holding the electric motors used for lifting loads. Trolley hoist moves along the bridge girder using chains and ball bearing wheels.
    • What Our Customers Say
    Why buy this report?

    IBISWorld’s Overhead Crane Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Overhead Crane Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Overhead Crane Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Overhead Crane Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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