Electric Overhead Tr

iCrowdNewswire   Nov 4, 202012:43 PM ET

Cranes are EOT (Electric overhead traveling) crane is one of the common type of overhead crane. The crane have a parallel runway with a traveling bridge which covers the gap. This crane is run through electric. Electric overhead traveling are used either for maintenance or manufacturing application. They are designed for lifting medium and heavy industrial components, and it covers all parts of manufacturing process. The advances electric overhead traveling crane have various expertise such as function at high speeds, lift very heavy loads, no obstacles on the factory floor and more control all this make the electric overhead traveling cranes market more attractive.

The EOT cranes are operated through radio/IR remote pendant, control pendant or by cabin operator which is attached to crane. Associations like Crane Manufacturers Association of America, Monorail Manufacturers Association and Hoist Manufacturers Institute are there to check the industry standard and promotional activities to increase the awareness of the assistances to overhead lifting.

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The feature such as reduction of labor expense, high safety, time saving and lower maintenance costs are the few aspects which expected to drive the electric overhead traveling cranes market across the world. The other factors which driving the Electric overhead traveling cranes market such as increasing constructions activities in emerging countries like India, China is anticipated to rise the demand for Electric overhead traveling cranes. Furthermore, increasing investment by private companies and government in infrastructure development projects which includes road construction, dam, bridges, railway, waterways, and others is the key driving factor for Electric overhead traveling cranes market. However, the installation cost of Electric overhead traveling cranes is very high and this factor is acting as restrain for the Electric Overhead Traveling (EOT) cranes market.

Leading Companies:

  •   Abuscranes
  •   Altech Industries
  •   Columbus Mckinnon Corporation
  •   Harrington Hoists Inc.
  •   Hitachi Sumitomo Heavy Industries Construction Crane
  •   K2 Cranes
  •   KITO GROUP
  •   KONE Cranes
  •   Konecranes
  •   Liebherr Group

The reports cover key developments in the Electric Overhead Travelling (EOT) Cranes market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Electric Overhead Travelling (EOT) Cranes market are anticipated to lucrative growth opportunities in the future with the rising demand for Electric Overhead Travelling (EOT) Cranes market.

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