11th November 2019 – Global Rail
Mounted Gantry (RMG) Crane Market is anticipated to reach USD 399.7
million by 2025. Rail Mounted Gantry (RMG) Crane are completely electrified
cranes. Data transmission and key power supply are achieved by dynamic motor
driven cable reels. RMG cranes are characteristically higher and wider then RTG
cranes.
The factors that propel the growth of
the Rail Mounted Gantry Crane industry include addition of smart features in
RMG cranes has facilitated in realizing lesser operative hazards and advanced
effectiveness. RMG Crane Market is anticipated to grow at a significant CAGR in
the upcoming period as the scope, product types, and its applications are
increasing across the globe.
Rail Mounted Gantry (RMG) Crane industry
may be explored by lift capacity scope, product type and geography. The market
may be explored by lift capacity scope as40.1 & above ton, and 0 - 40 tons.
The “0 - 40 tons” segment led the Rail Mounted Gantry Crane Market in 2016 and
is anticipated to maintain its dominance by 2025 owing to surge in the demand
for RMG cranes with an advanced lift capacity.
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The RMG Crane industry could be explored
based on product type as Automatic, and Manual. The “Manual” segment led the
market in 2016 and is anticipated to maintain its dominance by 2025 owing to
high acceptance of manual RMG cranes over automatic RMG cranes as numerous
ports in an emerging nation have old ports that use manual ports will boost the
market growth in the years to come.
Europe accounted for the major share of
the Rail Mounted Gantry (RMG) Crane Market Size in 2017 and will continue to
lead in the forthcoming period. On the other hand, Asia Pacific is assumed to
develop as the fastest rising county with a CAGR of 4.3% from 2017 to 2025 due
to rapidly rising countries and the concentration of key market players.
Some of the key players that fuel the
growth of the Rail Mounted Gantry (RMG) Crane industry comprise Doosan Heavy
Industries Vietnam Co., Konecranes Plc, Anupam Industries Limited, SANY GROUP,
Terex Corporation, MAC PORT - Macchine Operatrici Portuali S.r.l., Mi-Jack
Products, Liebherr Group, Shanghai Zhenhua Heavy Industries Co., Ltd., and TNT
Crane &Rigging. The leading companies are taking up partnerships, mergers
and acquisitions, and joint ventures in order to boost the inorganic growth of
the industry.
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