The global crane rail market is anticipated to register a ~7.14% CAGR between 2021 and 2027 and reach an approximate value of USD 71.19 billion in 2027.
Industry News
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- In May 2018, Konecranes, a global leader in the lifting industry, introduced the Konecranes RailQ Runway Survey, an industry-leading rail analysis that employs a remotely operated robot and total station, as well as a visual inspection, to provide an in-depth assessment of the crane rails’ alignment and condition.RailQ provides information on span, straightness, elevation, and rail-to-rail height to crane owners. It can be done on almost any runway, including those used by overhead, port, and woodyard cranes.
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- In March 2021, Konecranes signed a contract to deliver two eco-efficient Konecranes Gottwald Model 7 Mobile Harbor Cranes to Tincan Island Container Terminal Limited (TICT) in Lagos, Nigeria. The order shows Konecranes’ commitment to helping customers and industries grow and transform so that they run more efficiently, sustainably, and safely.
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In 2020, Asia-Pacific contributed significantly to the crane rail market in terms of share
The global market for crane rails has been segmented on the basis of product type, application, and region. Based on product type, the global crane rail market is divided into gantry cranes, overhead cranes, AS/RS systems, portal cranes, stacker/reclaimer cranes, stadium roofs, and rail-mounted tower cranes. The crane rail market may be divided into four categories based on weight carrying capacity: below 70 kg/m rail, 70 to 90 kg/m rail, 90 to 120 kg/m rail, and over 120 kg/m rail.
Based on application, the global crane rail market can be divided into the industrial sector, marine sector, logistics sector, mining sector, and others. Dueto the global economic crisis, the construction industry has seen significant changes in recent years, resulting in industry contraction in developed economies.
Based on region, the crane rail market is segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. India and China lead the crane rail market in Asia-Pacific, where the crane industry is thriving, thereby driving the demand for crane rails.
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Key industry participants in the Crane railindustry include Ansteel (China), BaoTou Steel (China), EVRAZ (UK), ArcelorMittal (Luxembourg), SAIL(Delhi), L.B. Foster (Pittsburgh), Wuhan Iron and Steel (Changqian), NSSMC(Japan), British Steel (UK), JSPL(Delhi), Hebei Yongyang (Handan, Hebei), Gantrex (Belgium), Bemo Rail (Warmenhuizen), Atlantic Track (Chicago), Harmer Steel (Canada), and Metinvest (Ukraine).
This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging and high-growth segments. The market data comprises the basic assessment of the competitive scenarios and strategies in the global crane rail market, including high-growth regions and/or countries and political and economic environments. The project report further provides both – historical market values and pricing and cost analysis.