Rubber Tired Gantry (RTG) Cranes

Rubber Tired Gantry (RTG) Cranes

Global Rubber Tired Gantry (RTG) Cranes Market to Reach US$1.4 Billion by 2030

The global market for Rubber Tired Gantry (RTG) Cranes estimated at US$1.0 Billion in the year 2023, is expected to reach US$1.4 Billion by 2030, growing at a CAGR of 4.2% over the analysis period 2023-2030. 8-Wheeler RTG Cranes, one of the segments analyzed in the report, is expected to record a 4.1% CAGR and reach US$923.0 Million by the end of the analysis period. Growth in the 16-Wheeler RTG Cranes segment is estimated at 4.4% CAGR over the analysis period.

The U.S. Market is Estimated at US$276.5 Million While China is Forecast to Grow at 6.4% CAGR

The Rubber Tired Gantry (RTG) Cranes market in the U.S. is estimated at US$276.5 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$294.1 Million by the year 2030 trailing a CAGR of 6.4% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.7% and 3.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.0% CAGR.

Global Rubber Tired Gantry (RTG) Cranes Market - Key Trends and Drivers Summarized

How Are Rubber Tired Gantry (RTG) Cranes Revolutionizing Port Operations?

Rubber Tired Gantry (RTG) cranes are specialized lifting machines used in container yards, terminals, and ports to move, stack, and organize containers. These cranes are designed with rubber tires, allowing them to maneuver within container yards with flexibility and speed. RTG cranes are essential for optimizing space in busy container yards and ensuring efficient loading and unloading processes. Equipped with diesel, electric, or hybrid engines, these cranes offer versatility in handling heavy container loads while reducing emissions and fuel consumption. RTG cranes have become indispensable in ports and terminals, where they contribute to increasing throughput and streamlining logistics operations.

What Are the Key Segments in the Rubber Tired Gantry (RTG) Cranes Market?

Types of RTG cranes include diesel-powered, electric, and hybrid models. Diesel-powered RTG cranes are commonly used due to their high capacity and strength, making them ideal for moving large containers in busy ports. However, with the shift towards sustainable practices, electric RTGs are gaining traction, offering a cleaner alternative with reduced noise and emissions. Hybrid RTGs combine both diesel and electric systems, balancing power and efficiency, making them a popular choice for ports aiming to reduce operational costs and emissions. Applications of RTG cranes are predominantly found in container terminals, rail yards, and intermodal facilities, with container terminals holding the largest market share. In these settings, RTG cranes facilitate the quick stacking and retrieval of containers, significantly enhancing productivity. End-user industries for RTG cranes include shipping, logistics, and rail transport. The shipping industry represents the largest end-user due to the reliance on efficient container handling to maintain schedules and reduce vessel turnaround times. Logistics providers and rail yards also utilize RTG cranes to handle containers during intermodal transfers, supporting smooth and efficient cargo movement.

How Are Rubber Tired Gantry Cranes Applied in Port Operations?

RTG cranes are widely used in container terminals to streamline the stacking and movement of containers, allowing operators to maximize storage space in crowded yards. In rail yards, RTG cranes facilitate the efficient loading and unloading of containers from trains, improving intermodal connectivity and minimizing delays. Intermodal facilities that serve as transfer points between ships, trucks, and trains also rely on RTG cranes to ensure seamless logistics operations. Furthermore, with advancements in automation, RTG cranes are increasingly integrated with remote control and monitoring systems, allowing for enhanced precision and reduced reliance on manual operations.

What Factors Are Driving the Growth in the Rubber Tired Gantry (RTG) Cranes Market?

The growth in the Rubber Tired Gantry Cranes market is driven by several factors, including the expansion of global trade, port automation, and the shift towards sustainable energy sources. Innovations such as electric and hybrid RTG cranes have broadened their application in ports striving for lower emissions and increased efficiency. The focus on enhancing operational capacity, reducing environmental impact, and improving logistics efficiency has further fueled demand, as RTG cranes provide a versatile and efficient solution in container handling. Additionally, the rise in containerized shipping, investments in port infrastructure, and advancements in crane technology have contributed to market expansion, supporting broader adoption of RTG cranes.

SCOPE OF STUDY:

The report analyzes the Rubber Tired Gantry (RTG) Cranes market in terms of US$ Thousand by the following Power Supply; Type, and Geographic Regions/Countries:

Segments:
Type (8-Wheeler, 16-Wheeler); Power Supply (Diesel, Electric, Hybrid)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 42 Featured) -

• Anupam Industries Limited
• ElectroMech Material Handling Systems (India) Pvt. Ltd.
• Kalmar
• Konecranes
• Liebherr
• Mi-Jack Products
• Reva Industries Ltd.
• SANY Group
• Shanghai Zhenhua Heavy Industries Co., Ltd.
• TNT Crane & Rigging

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.