Rubber Tired Gantry Crane Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2032

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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

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