North America Autonomous Cranes Market: Industry Analysis and Forecast (2024-2030)

North America Autonomous Cranes Market Definition:

Autonomous cranes are specially designed cranes for lifting and hauling activities with little effort from the crane operator. They are used to move and lift heavy products, and they have a wide range of applications in end-use industries like industrial sites, construction and infrastructure projects, agriculture, defense, medical, sports, and offshore activities. Autonomous cranes are a combination of artificial intelligence (AI) and machine learning (ML) which supports features like zoning, internet-collision avoidance, and remote configuration. The crane cycles are mostly handled automatically. The main task of the crane operator is to monitor the process and act only when required. The control room operator can monitor the movement of the crane through the remote-control station.

 

Further, the North America Autonomous Cranes Market is segmented by Mobility, Business Type, End-User Vertical, and geography. Based on mobility, the North America Autonomous Cranes Market is segmented under Static and Mobile. Based on the business type, the market is segmented under the OEM and Aftermarket. Based on the end-user vertical, the market is segmented into Building & Construction, Marine & Offshore, Mining & Excavation. By geography, the market covers the major countries in North America, i.e., the US, Canada, and Mexico. For each segment, the market sizing and forecasts have been done based on value (in USD Million).

 

 

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North America Autonomous Cranes Market Dynamics:  

Increasing Renewable Energy Sector:

Increasing demand for renewable energy sources such as wind turbine provides great opportunities for the autonomous mobile cranes market. The electric power system in North America is changing as renewable resources now account for more generations. The generators like hydropower, wind, solar, and thermal generating contribute to operational flexibility through transmission, electricity storage, and flexible operation. The advantage of having a small footprint makes them ideal for building sites in limited space. Owing to the operational efficiency and advantages of cranes, high torque harsh terrain cranes with off-road navigation capabilities are in high demand in the construction and mining industries. These factors contribute to the future growth of the autonomous crane industry.

 

Intelligent Technologies are Elevating Cranes Market:

Autonomous cranes also include features such as collision prevention, zoning, and remote configuration over the internet. All of these features are enhanced by a combination of artificial intelligence, machine learning, and computer vision. Remote crane operation allows people to be separated from potentially dangerous and harsh working environments involving large machines and placed in a safe and comfortable location in the control room. Dashcams provide better visibility where operators are visually impaired. Crane operators have a safer, more comfortable, and more efficient working environment. Smooth operation is possible without wasting time during shift changes and breaks. Cranes manufacturers use the R & D capabilities of existing and new AEC (building, engineering, and construction) companies to integrate their systems with automation capabilities.

 

Concerns about Autonomous Cranes and Potential Operator Unemployment:

The introduction of self-driving cranes is unlikely to eliminate the need for crane operators. Human intervention is required to ensure that everything is done efficiently and safely. The crane operator can replace the machine as needed. The evolving designs of autonomous cranes rely heavily on operator input, which provides important insight into the needs and issues that arise in the field. Advanced technologies such as the Internet of Things (IoT). Computer vision, machine learning, and natural processing technologies are expected to boost the autonomous cranes market during the forecast period.

 

The autonomous crane technology is still in its development stage, and these systems are looking for investments and partnerships to support their effort in this area. The great demand for smart and autonomous cranes from construction, mining, drilling, marine, and industrial applications is expected to drive market development around the world.

 

Key Development:

In 2021, Columbus McKinnon Corporation, a leading designer and manufacturer of material handling motion solutions, reorganized its business through the acquisition of Dorner Manufacturing Corporation.

 

COVID 19 Impact on North America Autonomous Cranes market:

The pandemic hurt the crane market, reducing crane shipments and profits. The growth trend of the market declined in the first half of 2020 and is expected to occur in the second half of the year as demand is expected to increase due to increased demand from the construction, transportation, and material handling industries. The COVID 19 pandemic has had a significant impact on the crane market value chains.

 

The US, which has been hit hard by the pandemic, accounts for a significant proportion of the world’s crane market manufacturers. This Pandemic had caused a shortage of skilled workers to conduct crane operations. As cranes are enormous, the complicated device requires extreme precision from the initial installation phase. Governments had imposed restrictions due to the emergence of COVID-19. The number of personnel who can work in various facilities has been limited. This has resulted in a labor shortage for quality assurance, inspections, and maintenance. This scenario impacted the proper operation of these systems because cranes require technically proficient operators.

 

North America Autonomous Cranes Market Segment Analysis:

By Mobility, the mobile segment is expected to dominate during the forecast period because of the rising demand for mobile crane services in the construction & building sector and mining & excavation industry. The mobile crane segment will be driven by the flexibility and mobility of the mobile crane category accounting for 42% of the market.

 

North America Autonomous Cranes Market Key Players Insights:

The market is characterized by the existence of several well-known firms. These companies control a large portion of the market, have a wide product portfolio, and have a global presence. In addition, the market comprises small to mid-sized competitors that sell a limited variety of items, some of which are self-publishing organizations.

 

The market's major companies have a significant impact because most of them have extensive global networks through which they can reach their massive client bases. To drive revenue growth and strengthen their positions in the global market, key players in the market, particularly in North America and Europe, are focusing on strategic initiatives such as acquisitions, new collection launches, and partnerships.

 

The objective of the report is to present a comprehensive analysis of the North America Autonomous Cranes market to the stakeholders in the industry. The report provides trends that are most dominant in the North America Autonomous Cranes market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the North America Autonomous Cranes Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the North America Autonomous Cranes market report is to help understand which market segments and regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the North America Autonomous Cranes market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the North America Autonomous Cranes market.

 

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their product quality is in the North America Autonomous Cranes market. The report also analyses if the North America Autonomous Cranes market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, and if the market is dominated by a few players, etc.

 

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the North America Autonomous Cranes market. Economic variables aid in the analysis of economic performance drivers that have an impact on the North America Autonomous Cranes market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the North America Autonomous Cranes market is aided by legal factors.

 

North America Autonomous Cranes Market Scope:

North America Autonomous Cranes Market
Market Size in 2023	USD 2383.85 Mn.
Market Size in 2030	USD 9868.05 Mn.
CAGR (2024-2030)	22.5%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Business Type OEM Aftermarket
	By Mobility Static Mobile
	By End-User Vertical Building & Construction Marine & Offshore Mining & Excavation
Country Scope	United States Canada Mexico

 

North America Autonomous Cranes Market Key Players: 

• AlDrivers Ltd
• Cargotec Corporation
• Columbus McKinnon
• Intsite Ltd
• Komatsu Ltd
• Konecranes Plc
• Schneider Electric
• Smie
• Syracuse
• Voca