Global Rail Mounted Gantry (RMG) Crane Market 2017-2021
About Rail Mounted Gantry (RMG) Crane
Gantry cranes refer to cranes that are built atop a gantry. A gantry is a structure that is used to straddle an object or workspace. Gantry cranes are widely used in marine applications to load and unload large containers into or from cargo ships in a shipping port. In rail mounted gantry (RMG) cranes, the entire structure of the crane is usually placed on rails. In this type of gantry crane, the overhead supporting structure is fixed similar to the ceiling of a building. This fixed structure is attached to a movable beam-mounted hoist that runs overhead along a rail.
Technavio’s analysts forecast the global rail mounted gantry crane market to grow at a CAGR of 4.12% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of global rail mounted gantry crane market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Rail Mounted Gantry Crane Market 2017-2021
Technavio recognizes the following companies as the key players in the global rail mounted gantry crane market: Doosan Heavy Industries Vietnam, Henan Hengyuan Crane Machinery Group, Konecranes, Liebherr Group, and SANY GROUP
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.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Laser-based guidance systems in RMG cranes. RMG crane vendors are working on automatic positioning systems in containers. This will help cargo handlers in the port to arrange cargo containers swiftly and accurately. This automated positioning system will be based on laser-based guiding systems, where sophisticated sensors are mounted on the crane to detect the position of the moving parts, the load, and the target destination. These sensing systems contain encoders and scanning laser rangefinders.”
According to the report, one of the major drivers for this market is Projected growth in global trade. The plunge in global crude oil prices during 2012-2015 reduced the import and export of goods in oil-producing countries. The countries to suffer worst were Middle East countries such as Saudi Arabia and Qatar. Merchandise exports to Saudi Arabia and Qatar declined by 47.59% and 41.87%, respectively, during 2012-2015, as the economies of these countries are majorly dependent on crude oil. This affected their trade activities negatively. It also had an adverse impact on global trade growth. But since the beginning of 2016, global crude oil prices have witnessed stabilization. According to the World Bank, crude oil prices will witness a growth trend during 2017-2021, which is expected to increase global trade.
Further, the report states that one of the major factors hindering the growth of this market is Uncertain business environment following US presidential elections. In January 2017, Donald Trump took charge as the new US president. The new US government under Donald Trump has planned widespread changes in the trade as well as employment policies of the US. There have been major changes proposed that may impact the US as well as global economic growth. The most notable change has been the proposed review of the North American Free Trade Agreement (NAFTA) signed in the 1990s by the then US president, Bill Clinton; NAFTA allows the US to have better trade relations with its northern and southern neighbors, Canada and Mexico, respectively. This agreement helps the US to develop and increase the manufacturing sectors in these countries where cheap labor and natural resources are readily available.
Doosan Heavy Industries Vietnam, Henan Hengyuan Crane Machinery Group, Konecranes, Liebherr Group, SANY GROUP, 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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook