The
global rail mounted gantry (RMG) crane market 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.
In depth research report on 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
Grand
View Research has segmented the global RMG crane market based on lift
capacities and regions:
RMG Crane Lift Capacity Scope (Revenue, USD Million;
2014 - 2025)
·
0 - 40 tons
·
40.1 & above tons
RMG 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)
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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, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
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