Rubber-Tired Gantry Crane Market - By Wheels (8-wheeler, 16-wheeler), By Power Supply (Diesel, Electric, Hybrid), Forecast 2024 - 2032

Rubber-Tired Gantry Crane Market - By Wheels (8-wheeler, 16-wheeler), By Power Supply (Diesel, Electric, Hybrid), Forecast 2024 - 2032

Rubber-Tired Gantry Crane Market is set to record around 4.5% CAGR from 2024 to 2032, driven by the increasing demand for efficient and flexible container handling solutions in ports and terminals. These cranes offer high maneuverability and versatility, allowing operators to handle containers with ease in congested port environments. Additionally, the rising trend towards automation and digitalization in port operations drives the deployment of RTGs equipped with advanced technologies such as automation systems, remote monitoring, and predictive maintenance capabilities.

In May 2023, container terminal operators could benefit from the new sustainable solution for rubber tired gantry cranes (RTGs) – the ECOBatteryPack. This innovative solution provided a perfect balance between efficiency, flexibility, and sustainability.

Additionally, with increasing focus on reducing greenhouse gas emissions and mitigating the environmental impact of port operations, RTG manufacturers are developing eco-friendly solutions such as hybrid RTGs, electric RTGs, and RTGs powered by renewable energy sources. These eco- friendly components aid ports reduce their carbon footprint and comply with regulatory requirements, driving market growth.

Rubber-tired gantry crane industry is segmented based on wheel, power supply, and region.

The 8-wheeler segment will record a decent growth between 2024 and 2032, as they offer enhanced stability and load-bearing capacity compared to their counterparts with fewer wheels. This allows them to handle heavier loads and operate more efficiently, particularly in demanding port and terminal environments where container handling requirements are rigorous. Additionally, the increased maneuverability of 8-wheeler RTGs enables operators to navigate tight spaces and congested areas more effectively, improving overall operational efficiency.

Hybrid segment is anticipated to witness a strong CAGR throughout 2024-2032, as they offer a more environmentally sustainable solution for container handling operations in ports and terminals. By combining traditional diesel power with electric propulsion systems or energy storage technologies, hybrid RTGs significantly reduce fuel consumption and emissions compared to conventional diesel-powered cranes.

Europe rubber-tired gantry crane industry size will record a notable growth through 2032, as they enable ports to handle larger volumes of cargo and accommodate larger vessels. Additionally, stringent environmental regulations are driving the demand for eco-friendly RTG solutions which help reduce emissions and environmental impact. Furthermore, technological advancements and innovations in RTG design and automation are enhancing operational efficiency and productivity in European ports, stimulating market growth.