The Crane Rail Global Market Report 2023, provides comprehensive information on the crane rail market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Crane Rail Global Market Report 2023, the global crane rail market size is expected to grow from $46.38 billion in 2022 to $50.90 billion in 2023 at a compound annual growth rate (CAGR) of 9.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global crane rail market size is expected to reach $70.54 billion in 2027 at a CAGR of 8.5%.
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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 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
Asia-Pacific was the largest region in the crane rail market in 2022.
The table of contents in TBRC’s crane rail market report includes:
- Executive Summary
- Crane Rail Market Characteristics
- Crane Rail Market Trends And Strategies
- Crane Rail Market – Macro Economic Scenario
- Crane Rail Market Size And Growth
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- Africa Crane Rail Market
- Crane Rail Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Crane Rail Market
- Crane Rail Market Future Outlook and Potential Analysis
- Appendix
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