Rubber Tired Gantry (RTG) Crane Market Insights:
The Rubber Tired Gantry (RTG) Crane Market size was valued at USD 1011.45 Million in 2022, expecting a CAGR of 3.64% during the forecast period (2023-2030), and the market is projected to be worth USD 1346.37 Million by 2030.
Driver:
The increased adoption of Rubber Tired Gantry (RTG) Crane in the Automotive & Transportation industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Rubber Tired Gantry (RTG) Crane also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Rubber Tired Gantry (RTG) Crane in many sectors also boosts the market growth during the forecast period.
A Rubber Tired Gantry (RTG) crane is a type of mobile crane used for lifting and moving heavy containers in container yards and ports. It is called “rubber-tired” because it moves on large rubber wheels rather than tracks or rails, allowing it to move quickly and easily between containers. An RTG crane typically has a cabin for the operator, which is mounted on a steel frame that straddles a stack of containers. The crane is equipped with a spreader, which is used to lift and move containers of various sizes and weights. The spreader is attached to a hoist, which raises and lowers the container as needed.
Rubber Tired Gantry (RTG) Crane Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Type (8-wheeler, 16-wheeler), By Power Supply (Diesel, Electric, Hybrid), and companies (Konecranes, SANY GROUP, TNT Crane & Rigging, Liebherr, ElectroMech Material Handling Systems Pvt. Ltd., Kalmar, Mi-Jack Products, Shanghai Zhenhua Heavy Industries Co., Ltd.,, Reva Industries Ltd.), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 3.64%, over the forecast period of 2023–2030.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 (USD Million) | 1346.37 Million |
| CAGR (2023-2030) | 3.64% |
| By Type | 8-wheeler, 16-wheeler |
| By Power Supply | Diesel, Electric, Hybrid |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | Konecranes, SANY GROUP, TNT Crane & Rigging, Liebherr, ElectroMech Material Handling Systems Pvt. Ltd., Kalmar, Mi-Jack Products, Shanghai Zhenhua Heavy Industries Co., Ltd.,, Reva Industries Ltd. |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Rubber Tired Gantry (RTG) Crane market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Konecranes, SANY GROUP, TNT Crane & Rigging, Liebherr, ElectroMech Material Handling Systems Pvt. Ltd., Kalmar, Mi-Jack Products, Shanghai Zhenhua Heavy Industries Co., Ltd.,, Reva Industries Ltd.
Market Segment Analysis:
By Type
- 8-wheeler
- 16-wheeler
By Power Supply
- Diesel
- Electric
- Hybrid
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2022, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Rubber Tired Gantry (RTG) Crane industries in the region.
Key Rubber Tired Gantry (RTG) Crane Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Rubber Tired Gantry (RTG) Crane Market segments.
– Largest Market Share Held by Industry to Industry for Rubber Tired Gantry (RTG) Crane
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Rubber Tired Gantry (RTG) Crane Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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Research Methodology
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