Rubber Tired Gantry Crane Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2032
Page: 215 | Report Code: AT240422 | Research Suite: Report (PDF) & Market Data (Excel)
Rubber Tired Gantry Crane also kwon as RTG crane or
transtainer is a mobile gantry crane unlike traditional cranes that are fixed
at one place these are equip rubber tires that allows them to travel the
terminal area and are commonly used in container terminals and intermodal yards
for the handling of shipping containers. It is usually powered by electricity
or diesel generator system and can be controlled
and it has a rigid and stable steel structure that facilitates precise handling
in smooth movements even at high speeds and that makes it utilized to assemble
heavy manufacturing components, position pipelines, and erect large unbalanced structures. They maximize
productivity and reduce downtime and provides efficient performance and
flexible operations.
MARKET
OVERVIEW
The global market valuation of Rubber Tired Gantry Crane
market was valued at approximately USD 1.5 Billion in 2023 and is projected to
reach USD 2.1 Billion in 2032 exhibiting a CAGR of 3.5% during the forecast
period of 2024-2032, Rubber tire gantry cranes plays the crucial role in
operations like handling of containers at ports and terminals and that offers
flexibility and mobility in the movement of shipping containers and their
ability to stack container while managing within the terminal yard makes them
essential equipment for modern container handling facilities, which makes it a
sustainable market and growing market.
GROWTH
DRIVERS
The increasing global trade and the growing size of
container containing vessels are driving the port expansions and capacity
enhancements, which leads to the higher demand for RTGS to handle these
containers throughout the business. The Government initiatives and private
sector investments in the infrastructure development projects which includes
emerging economies, are driving the expansion for facilities and logistics hubs
which create opportunities for this cranes or efficient performance and
productivity which contribute to the market towards growth. The rise in focus
towards green technology creates opportunities for electric RTGs and the rise
in demand for goods and raw materials creates opportunities for goods and raw
materials for transfer and collection of goods and raw materials. which
requires RTGS for efficient operation.
MARKET
SEGMENTATION:
·
By Type- 8-wheeler and
16-wheeler
·
By Power Supply Type –
Diesel, Electric and Hybrid
·
By Application– construction,
oil and gas, shipbuilding, power and utilities, ports and others
·
By Region - North America,
Europe, Asia Pacific, the Middle East and Africa, and South America
Rubber
Tired Gantry Crane Market by Type Segment Review:
The 8-wheeler rubber-tired gantry cranes are a type of
mobile crane which are equipped with four sets of wheels each side which
provides stability, they are smaller in size and has lower lifting capacity as
compared to larger RTGs and requires lower cost which makes it suitable for
small scale industries and are used for lifting and transporting heavy
containers in the port terminals, intermodal yards and other industrial
facilities. The 16-wheeler tired gantry cranes are larger and more powerful
variants of RTGs cranes designed for handling heavy containers in high-capacity
port terminals and container yards where they feature 8 sets of wheels each
side for enhanced stability for lifting, stacking an handling operations
Rubber
Tired Gantry Crane Market by Power Supply Type Segment Review:
The diesel-powered RTG cranes it with diesel engines that
drives the cranes operation, these RTGs have been propelled by diesel engines,
which produces the energy needed for crane through the combustion of fuel and
they are independent of external power sources and provides mobility and
flexibility. Electric RTGs runs primarily on energy, which is obtained either
from onboard battery systems or via direct link to the grid since there are no
emissions at the moment of usage, they are more
environmentally friendly and are quieter and may be used in places with
dependable and easily available electrical infrastructure. The electric and
diesel power sources are combined in hybrid RTGS, which frequently incorporate
battery systems or other energy storage technologies with diesel generators, the
purpose of this hybridization is to maximize efficiency by using electric power
when there is little or no demand thereby lowering emission and fuel
consumption which offers operating flexibility.
Rubber
Tired Gantry Crane Market by Application Segment Review:
The RTGs are widely used in in industries which includes
construction, oil and gas, shipbuilding, power and utilities and others where
they offer advantages like efficient material handling, versatility and
productivity enhancement which makes it an indispensable in various
applications. In the construction sector it is utilized for the handling of
heavy materials, equipment and components which includes steel beams, precast
concrete elements and other structural components at sites that streamlines
material handling task which increase productivity. In the gas industry RTG
cranes support logistics and supply chain operations while handling containers equipment’s
and materials at port terminals storage arts and industrial facilities and they
are used for offshore applications like loading and unloading cargo supplies
and equipment into the supply vessels and drilling rigs. In the shipbuilding
hey are used to handle ship components, modules and materials during the
construction and assembly where they assist in lifting and transporting ship
components like hull sections, machinery and equipment’s within the shipyard
facilities. In the power and utilities sector RTG cranes handles heavy
equipment, components and materials at power plants are power and utility
infrastructure projects where they are utilized for lifting and transporting
generators transformers turbines and transmission components during the
installation and maintenance activities.
Rubber
Tired Gantry Crane Market by Regional Analysis:
North America has significant market share of the RTGs due
to the investments in port infrastructure and presence of ports like US Gulf
post, East Coast and West Coast which drives the demand for RTGS in North
American region and presence of key global companies of this market in this
region. Europe is a prominent market for RTGs cranes which is driven by
well-developed port infrastructure, maritime trades and presence of ports in
western Europe which includes Rotterdam, Antwerp, Hamburg and Le Havre with
these RTG cranes for are used extensively for container handling operations.
Asia Pacific dominates the rubber-tired gantry crane market driven by the
presence of ports and their expansion and the investments in the ports with the
key global companies in this region. The Middle East and Africa is a growing
market supported by the investments in Infrastructure and constructions where
RTG cranes are deployed for material handling and logistics support. South
America as a promising market driven by the growth in trade in agriculture and
manufactured goods and investments in infrastructure and modernization.
Key
Challenges:
The significant initial investment that is required to
acquire and operate rubber-tired Gantry cranes acts as a significant barrier
for companies that are entering the market and where this financial hurdle may
deter smaller ports or companies with limited financial resources which poses a
significant key challenge for the market. The RTGs that are diesel powered
contributes to admission and sustainability which is one of significant
challenge for market and as well as environment regulations and sustainability
goals.
Competitive
Landscape:
The key global companies in lifting equipment and services
including rubber-tired gantry cranes of are offering a wide range of RTG crane
models with advanced features such as automation and digitization and energy
efficiency and there are also focusing on innovation and research to develop
next generation RTG crane solutions that will meet the customer and industrial
needs and standards companies are focusing on product, pricing, quality
performance and customer support to maintain its competitive position in the
RTG crane market. The knees are performing mergers and acquisitions,
collaborations or strategic partnerships in order to
leverage technology and expertise so that they can increase their market share
or expand their global footprint.
Global
Key Players:
·
Anupam Industries
·
Ascom SPA
·
Bedeschi SPA
·
Liebherr International
·
Konecranes Oyj
·
Mi-Jack Products
·
Sany Heavy Industries
·
Reva Cranes
·
Paul Vahle
· Cargotec
Attributes |
Details |
Base Year |
2023 |
Trend Period |
2024 – 2032 |
Forecast Period |
2024 – 2032 |
Pages |
215 |
By Type |
8-wheeler and 16-wheeler |
By Power Supply Type |
Diesel, Electric and
Hybrid |
By Application |
construction, oil and gas,
shipbuilding, power and utilities, ports and others |
By region |
North America, Europe,
Asia Pacific, the Middle East and Africa, and South America |
Company Profiles |
Anupam Industries, Ascom
SPA, Bedeschi SPA, Liebherr International, Konecranes Oyj, Mi-Jack Products, Sany
Heavy Industries, Reva Cranes, Paul Vahle, Cargotec |
Edition |
1st edition |
Publication |
April 2024 |