Market Overview

In 2023, the rail-mounted gantry crane market made USD 392.8 million in revenue. It's projected to grow at a rate of 3.4% from 2024 to 2030, reaching USD 491.6 million by 2030 . This can be credited to the rising maritime trade activity globally, which, ultimately, surges the expenditure on cargo unloading and loading machinery throughout emerging nations.

The logistics and e-commerce operations across the globe are indeed one of the many trends that can be seen in the industry. The RMG cranes not only move the containers but also stack them and carry bulky sacks of heavy items including logs, boulders, and timbers.

RMG cranes are one of the plumbing devices that facilitate, establish, and order large quantities of goods at the warehouse they help in reducing congestion in the storage yard. Hence, the way they handle the quantity of merchandise, such as an increase in efficiency, to serve the e-commerce needs at lower costs and emissions, too requires a port to invest in upgrading its machinery. 

With the help of automated machines that can perform work faster than human hands at a better level, then they will help us to improve our outputs. The machines can be moved easily, the structure can be modified, and they can handle big sizes and weights. All these factors will continue to increase the demand for automated machines worldwide.

On top of that, we have the densification of human settlements or sprawling of cities, an increase in the scale of production processes, large-scale rehabilitation of the infrastructure, and finally the increasing demand for secured and accurate loading and unloading apparatus.

Regional Outlook

• Cranes lifting over 40 tons lead the industry because of lucrative heavy load management.
• They enable rapid movement of products, making them common in ports and logistics facilities.
• Rail-mounted gantry cranes skilled in lifting more than 40 tons are very high in demand.
• The railways category grips the largest industry share because of wide railway arrangement yards.
• Such yards commonly pile thousands of containers, boosting the need for rail-mounted gantry cranes.
• Freight businesses in the US usually operate freight trains more than 5,000 feet long to save time and fuel.
• The manual category leads the industry, historically utilized for functioning gantry cranes in cargo management.
• Autonomous tech is estimated to advance quicker with a CAGR of 3.7%.
• Worker cost savings are the key benefit of RMG crane autonomy in case of a longer operation period. Remuneration like salary, insurance, retreat, and paid leaves are examples.
• They are safer owing to the elimination of human error and the sustenance of compliance with regulations.
• In 2023, the European region dominated the rail-mounted gantry crane industry because of the demand for ecologically friendly choices and development in the commerce and logistics industries.
• Rigorous research and development efforts are advancing technical superiority, enticing huge, well-funded ports in Europe.
• African and Middle Eastern nations are increasing in maritime commerce, contributing to worldwide industry development.
• The North American region is projected to offer substantial potential in the rail-mounted gantry crane industry because of increased industrial production.

Source: P&S Intelligence