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The crane rail global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Crane Rail Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The crane rail market size has grown strongly in recent years. It will grow from $50.9 billion in 2023 to $55.68 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to increased marketing and advertising, aging population, consumer awareness, minimally invasive procedures, fda approvals..
The crane rail market size is expected to see strong growth in the next few years. It will grow to $76.75 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to advancements in energy sources, rising beauty consciousness, expanding middle-class population, demand for non-invasive procedures, regulatory support.. Major trends in the forecast period include technological advancements, combination therapies, personalization and customization, sustainability and eco-friendly practices, integration of artificial intelligence (ai)..
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Scope Of Crane Rail Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Crane Rail Market Overview
Market Drivers –
The surge in manufacturing operations worldwide is expected to propel the growth of the crane rail market going forward. The rise in manufacturing operations worldwide refers to a significant increase in manufacturing activities in terms of the production of goods, expansion of manufacturing facilities, and investment in new manufacturing technologies across the globe. Crane rails help move heavy loads and equipment around manufacturing facilities, increasing manufacturing operations’ productivity. For instance, in August 2022, EUROSTAT, a Luxembourg-based statistical office of the European Union, in 2021, the production of manufactured goods in the European Union rose by 8% compared to 2020. Additionally, the value of EU production sold rose to €5,209 compared to €4,581 in 2020, and there is a growth of 14% in the value of traded goods. Therefore, the surge in manufacturing operations worldwide is driving the growth of the crane rail market.
Market Trends –
Technological innovations are a key trend gaining popularity in the crane rail market. Companies operating in the crane rail market are developing innovative products with advanced technologies to sustain their position in the market. For instance, in September 2022, Hiab, a Sweden-based machinery manufacturing and load-handling solution manufacturer, launched an advanced HIAB railway border crane range having a SPACEevo control system. This new rail series help to comply with complex railway regulations and changing requirements by offering a broad range of equipment to maintain the infrastructure. These crane rail series have a SPACEevo control system, which enables rapid movements with precision and safety in delicate operations. The SPACEevo control system for the cranes combines the highest level of safety with accurate and quick movements.
The crane rail market covered in this report is segmented –
1) By Product: Gantry Cranes, Overhead Cranes, As/Rs Systems, Portal Cranes, Stacker Or Reclaimer Cranes, Stadium Roofs, Rail-Mounted Tower Cranes
2) By Material: Steel, Aluminum, Other Materials
3) By Weight Carrying Capacity: Below 70 Kg/M Rail, 70 To 90 Kg/M Rail, 90 To 120 Kg/M Rail, Above 120 Kg/M Rail
4) By Application: Industrial Sector, Marine Sector, Logistic Sector, Mining Sector, Other Applications
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Regional Insights –
Asia-Pacific was the largest region in the crane rail market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global crane rail market during the forecast period. The regions covered in the crane rail market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the crane rail market report are EVRAZ plc, ArcelorMittal S.A., Atlantic Track & Turnout Co. Inc., Steel Authority of India Limited, L.B. Foster Company, Nippon Steel & Sumitomo Metal Corporation, British Steel Corporation plc, Harmer Steel Ltd., Jindal Steel & Power Ltd., Gantrex India Crane Rails Private Limited, Metinvest Holding Company LLC, Bemo Rail BV, Gantrail Group, North American Rail Products Inc., Özkan Steel A.Ş., China Baowu Steel Group Co. Ltd., HBIS Group Co. Ltd., POSCO, JFE Holdings Inc., Tata Steel Limited, Nucor Corporation, Hyundai Steel Company, Voestalpine AG, SSAB AB, Gerdau S.A., VAE Metall GmbH, Steel Dynamics Inc., Maanshan Iron and Steel Company Limited, Celsa Group, Hebei Iron and Steel Group Co. Ltd.
Table of Contents
1. Executive Summary
2. Crane Rail Market Report Structure
3. Crane Rail Market Trends And Strategies
4. Crane Rail Market – Macro Economic Scenario
5. Crane Rail Market Size And Growth
…..
27. Crane Rail Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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