8 July 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.
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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.
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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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
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)
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