Views:22 Author:Site Editor Publish Time: 17-05-2017 Origin:Site
Hengyuan Crane keeps an eye on “Overhead Crane Manufacturing in the US”
Over the past five years, the Overhead Crane Manufacturing industry began to slowly lift itself out of the recession. During the recession, declining industrial activity and freight volumes caused demand for industry products to fall. However, industry growth is anticipated to accelerate over the next five years. Increased industrial, trade and transportation activity amid continued economic growth will lead to demand improvements for industry products. Industrial capacity utilization is projected to exceed pre-recession levels, making it more likely that manufacturers will have to expand capacity and purchase new overhead cranes.
In 2014, single and double top running bridge type overhead cranes are anticipated to account for 21.0% and 17.9% of total industry revenue, respectively. According to Modular Cranes, a material handling products company, single top running bridge type overhead cranes are often utilized for medium to heavy fabrication. Moreover, these products are well suited for buildings where a high hook lift height is required.Alternatively, double top running bridge type overhead cranes are better suited for more heavy-duty applications.
The market in North America is an important part of Hengyuan Crane. Please pay more attention to Hengyuan Crane’s website for more information about that in the US.