Crane Rail Market to Expand at a CAGR of 7.89%, worth USD USD 92.47 billion by 2030 – Report by Market Research Future

According to MRFR analysis, the Crane Rail Market is expected to register a CAGR of 7.89% from 2022 to 2030 and hold a value of over USD 92.47 billion by 2030.

The Crane Rail Market refers to the global market for the supply and demand of crane rails, which are specifically designed and manufactured for use in various types of cranes and material handling equipment. Crane rails are used as tracks or guideways on which overhead cranes and gantry cranes operate, allowing them to move heavy loads horizontally along a fixed path.

Factors driving the growth of the Crane Rail Market include increasing industrialization, infrastructure development, and the expansion of ports and logistics sectors. The demand for efficient and reliable material handling equipment, such as cranes, directly impacts the demand for crane rails.

The COVID-19 pandemic had a significant impact on the Crane Rail Market. The pandemic caused disruptions in global supply chains, including the production and transportation of raw materials and finished goods. Restrictions on movement, temporary shutdowns of manufacturing facilities, and limited workforce availability affected the production and availability of crane rails.

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Regional Analysis

The largest region of the Crane Rail Market is Asia-Pacific. Asia-Pacific has been experiencing rapid industrialization and significant infrastructure development in recent years. This includes the construction of manufacturing plants, power generation facilities, ports, railways, and urban infrastructure projects. These activities require the use of cranes and, consequently, crane rails.

The construction industry in countries like China and India has been witnessing robust growth. These countries are investing heavily in residential, commercial, and infrastructure projects, such as highways, bridges, airports, and urban development. The demand for cranes and crane rails is high in this sector.

Market Segmentation

The Crane Rail Market has been segmented into type and application.

Based on the type, the market has been segmented into gantry cranes, overhead cranes, AS/RS systems, portal cranes and rail-mounted tower cranes

Based on the application, the market has been segmented into industrial sector, marine sector, logistics sector and mining sector.

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Key Players

Some of the key market players are:

• Ansteel
• BaoTou Steel
• EVRAZ
• ArcelorMittal
• B. Foster
• Wuhan Iron and Steel
• NSSMC
• British Steel
• Hebei Yongyang
• Gantrex
• Bemo Rail
• Atlantic Track

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