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Rail Mounted Gantry Crane Market Analysis, 2025 | Industry Report

Rail Mounted Gantry Crane Market Analysis Report By Lift Capacity, By Region And Segment Forecasts From 2017 To 2025

Report ID: MN17617427  |  Published: July 2020  |  No of Pages: 61
Format: Electronic (PDF)  |  Industry: Machinery and Machine Parts  |  Publisher: Grand View Research

Industry Insights

The global rail mounted gantry crane market size was valued for USD 286.1 million, in 2016. The market is projected to gain momentum over the forecast period, 2017 to 2025. Increasing global trade activities along with growing container traffic, and vessel sizes is boosting the market growth. Growing application of large sized containers and global trade has led to the increase in demand for mounted gantry cranes. In addition, transshipment activities in the Middle East and Asia Pacific region is anticipated to spur market growth.

These cranes are primarily used at container yards for shipping container handling. Rail-mounted cranes have steel wheels rather than rubber tires. Additionally, these cranes are highly capable of carrying large weight containers.

U.S. RMG crane market

In addition, these cranes provide high flexibility with greater carrying capacity. Rail-mounted cranes can process multiple rail configurations, thus offering intermodal facilities. Furthermore, it can cover over an area of 300 feet & more in rail tracks.

RMG crane is termed as eco-friendly and can be operated with electricity. Moreover, strict government guidelines regarding pollution control is expected to support the increasing demand for rail mounted cranes, owing to its high efficiency & utilization of smart technologies. In addition, the introduction of smart features such as remote operation, container positioning systems, and non-contact collision systems are expected to bolster the need for RMG cranes.

Several governments across the globe are investing in improving port facilities.  Growing trade activities across countries like India, Saudi Arabia, Mexico, and UAE are supporting the market growth.

Lift Capacity Insights

Depending on the lift capacity, the RMG crane market is fragmented into 40.1 & above, 0 - 40 tons.40.1 & above tons capacity market segment  held the largest market share, in terms of revenue, in 2016, it is projected to account for USD 204.5 million by the end of 2025. Panama Canal expansion has increased the demand for large-sized vessels, which in turn is anticipated to surge the market growth.

There is a huge demand for large containers, and vessels which are projected to increase the need for port equipment like the RMG crane for efficient transportation of containers. Furthermore, rising trade activities are influencing port authorities to enhance port infrastructure.  Thus, the ports are looking to enhance their handling capacity of container. The above mentioned factors are anticipated to bolster the demand for rail-mounted cranes.

Regional Insights

Europe is expected to expand at a CAGR of more than 3.0% during the forecasted period, 2017 to 2025.Asia Pacific is projected to grow at the highest CAGR of 4.3% over the forecast period.

Global RMG crane market

The presence of global players in countries such as China and Korea is boosting the demand for rail-mounted cranes. Key market players SANY Group, Shanghai Zhenhua Heavy Industries Co., Anupam Industries limited are significantly contributing to market growth. Additionally, increasing transshipment volumes and supportive investment is mainly boosting the market growth.

East Asia ports including Kaohsiung (Taiwan), Busan (Korea), and Shanghai (China) are focusing on investing in the development of port infrastructure. This region has 24 of the total 50 world’s largest ports.   positively on the market growth. furthermore, rising intra-Asia trade activities are also contributing to market growth.

Rail Mounted Gantry Crane Market Share Insights

Leading players in the market include, Konecranes Plc, Anupam Industries limited, Terex Corporation, Doosan Heavy Industries Vietnam Co., Mi-Jack Products, MAC PORT Macchine Operatrici Portuali s.r.l., TNT Crane & Rigging, Liebherr Group, and SANY GROUP.

Key players in the market focus on R & D activities to enhance their product capabilities. For example, in 2015, Liebherr has invested over USD 600 million in R & D for expanding product their product portfolio. Similarly, Konecranes Plchave invested significantly in R & D for developing smarter cabin inside crane.

Report Scope

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 - 2016

Forecast period

2017 - 2025

Market representation

Revenue in USD Million & CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America & Middle East & Africa

Country scope

U.S., U.K., Germany, China, India, and Mexico.

Report coverage             

Revenue forecast, company ranking, competitive landscape, growth factors and trends

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis on the latest industry trends and opportunities in each of the sub-segments from 2015 to 2025. For the purpose of this study, Million Insights has segmented the global Rail Mounted Gantry Crane market report on the basis of Lift Capacity, and region:

• Lift Capacity Scope (Revenue, USD Million, 2014 - 2025)
    • 0 - 40 Tons
    • 40.1 & above

• Regional Outlook (Revenue, USD Million, 2014 - 2025)
    • North America
        • U.S.
    • Europe
        • U.K.
        • Germany
    • Asia Pacific
        • China
        • India
    • Latin America
        • Mexico
    • Middle East & Africa (MEA)

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