The global rail mounted gantry crane market size is expected
to reach USD 399.7 million by 2025, according to a new study by Grand View
Research, Inc. The increasing global trade, vessel sizes, and port investments
are the primary factors driving the market.
The growth of marine transport has compelled
ship owners to introduce large-sized vessels that are capable of transporting a
large number of containers simultaneously. Such factors are also pressurizing
port operators to improve their existing facilities for catering the increasing
number of large-sized vessels.
The growing trade activities across Asia
Pacific and Middle East & Africa (MEA) regions are anticipated to increase
transshipments. The growth in transshipments is expected to propel the need of
bigger vessels, so that it becomes easier to transport more number of
containers between two ports at a time. Thus, driving the need of cranes that
can handle large number of containers, at a much faster speed.
RMG cranes are popular as ideal choices, owing
to stringent government regulations pertaining to pollution control, as they
are environment-friendly and are capable of running entirely on electricity.
Moreover, the incorporation of intelligent systems, such as container
positioning system, non-contact anti-collision system, and remote operation, in
RMG cranes has enabled port authorities to reduce operational hazards and attain
operational efficiency.
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Mounted Gantry Crane Market visit here: https://www.grandviewresearch.com/industry-analysis/rail-mounted-gantry-rmg-crane-market
Further key
findings from the study suggest:
- The 0 - 40 tons segment dominated the overall
market in 2016. However, the 40.1 & above tons segment is expected to
reach the highest market share by 2025 and is expected to grow at the
highest CAGR of 4.6% over the forecast period.
- Instances, such as increase in vessel size and
expansion of Panama Canal, are expected to propel the demand for RMG
cranes (with higher lift capacity)
- The European market occupied a significant
share in the global market and is expected to grow at a CAGR of 3.0% over
the coming years
- The Asia Pacific regional market is presumed
to emerge as the fastest-growing market with USD 155.6 million by 2025
- Chinese companies are making huge investments
on port developments (local and global). In 2017, the Chinese government
announced its plan to invest USD 50 billion in Brazilian port
infrastructure.
- The key industry participants include Anupam
Industries Limited, Konecranes Plc, Doosan Heavy Industries Vietnam Co.,
Shanghai Zhenhua Heavy Industries Co., Ltd., Mi-Jack Products, MAC
PORT-Macchine Operatrici Portuali s.r.l., SANY GROUP, Terex Corporation,
TNT Crane & Rigging, and Liebherr Group
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Grand
View Research has segmented the global rail mounted gantry crane market based
on lift capacities and regions:
Rail Mounted
Gantry Crane Lift Capacity Scope (Revenue, USD Million; 2014 - 2025)
- 0 - 40 tons
- 40.1 & above
tons
Rail Mounted
Gantry Crane Regional Outlook (Revenue, USD Million; 2014 - 2025)
- North America
- U.S.
- Europe
- UK
- Germany
- Asia Pacific
- China
- India
- Latin America
- Mexico
- Middle East &
Africa (MEA)
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.