Global Rail Mounted Gantry (RMG) Crane Market 2017-2021

Overview of the global rail mounted gantry crane market

The equipment and machinery used in several industries operate on fuels such as diesel, that emits harmful carbon emissions. Several countries have formulated stringent environmental regulations to control their carbon emissions. Technavio’s market study identifies the focus on industrial transmissions to be one of the primary growth factors for the rail mounted gantry crane market. Stringent regulates forcefully reduce the use of equipment that involves high carbon emissions. Equipment such as RMG cranes are gaining prominence since they do not run on diesel and do not release any harmful emissions since they run on electricity. Our market analysts estimate that this market will register a revenue of about USD 340 million by 2021.

Owing to the rising need for connected devices, Internet of Things (IoT) is being integrated in port machines for remote monitoring. RMG cranes can be monitored and operated remotely using IoT. The integration of IoT with RMG cranes automates the material handling operations of the port. Constant monitoring makes it easy to detect and rectify errors in minimum time. Such benefits will drive the integration of IoT in port machines for remote monitoring, which according to our market research and analysis, will be one of the key trends that will gain traction in the rail mounted gantry crane market during the next few years.

Competitive landscape and key vendors

The rail mounted gantry cranes market is significantly fragmented owing to the presence of several international, regional, and local players. Large international players have advantage over the regional players due to the capital-intensive nature of the market. Since the purchase of RMG cranes entirely depends on the user’s requirements, the shipping industry is the major end-user to this market.

The leading vendors in the market are

• Doosan Heavy Industries Vietnam
• Henan Hengyuan Crane Machinery Group
• Konecranes
• Liebherr Group
• SANY GROUP

The other prominent vendors in the market are Anupam Industries, Cargotec, DGCRANE, Ellsen Gantry Crane, GANTREX, GH CRANES, Hartmann & König Stromzuführungs, Henan Dafang Heavy Machinery, Henan Mine Crane, IHI Transport Machinery, Künz, Mi-Jack, PACECO, Shanghai Zhenhua Heavy Industries, SPANCO, STONIMAGE, TMEIC, TNT Crane & Rigging, Weihua Group, Wison Group, Yuantai, and Zhengzhou Ellsen Heavy Machinery.

Segmentation by product and analysis of the RMG crane market

• Manual
• Automatic

There is a high adoption of manual RMG cranes over automatic RMG cranes as several ports in developing countries have old ports that use manual ports. Manual RMG cranes help the development of low-scale ports by handling small number of shipments. With the increasing number of small scale ports, the rail mounted gantry crane market will witness considerable growth in this industry segment.

Geographical segmentation and analysis of the RMG crane market

• Americas
• APAC
• EMEA

APAC will be the major revenue contributor to the RMG crane market, since the region is witnessing increased spending towards infrastructure development on seaports to facilitate inter-country trade. Developing regions such as India and China have already made plans to expand their seaports and invest in port modernization projects.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global rail mounted gantry crane market?
• What are the key market trends impacting the growth of the global rail mounted gantry crane market?
• What are the challenges to market growth?
• Who are the key vendors in the global rail mounted gantry crane market?
• What are the market opportunities and threats faced by the vendors in the global rail mounted gantry crane market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global rail mounted gantry crane market?

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