IMARC Group, a leading market research company, has recently releases report titled “Rubber Tired Gantry Crane Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global rubber tired gantry crane industry growth, share, size, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How Big is the Rubber Tired Gantry Crane Market?

The global rubber tired gantry crane market size reached US$ 1.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.8 Billion by 2028, exhibiting a growth rate (CAGR) of 4.3% during 2023-2028.

What is Rubber Tired Gantry Crane?

A rubber-tired gantry (RTG) crane is a mobile gantry machine designed to load and stack containers, assemble heavy manufacturing components, erect large, unbalanced structures, and position pipelines. It is powered by electricity and diesel generator systems and can be controlled remotely. It makes container handling more accessible, safer, and efficient with a firm and stable steel structure that assist in precise handling and smooth movements at high speeds. It also enhances productivity, minimizes downtime and costs, and provides mobility, excellent performance, and flexible operations. As a result, rubber-tired gantry cranes are widely adopted in oil and gas, construction, power, and utility sectors across the globe. 

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What are the growth prospects and trends in the rubber tired gantry crane industry?

The market is primarily driven by the rising imports and exports activities through ships and cargo planes. In addition, the introduction of automation and wireless communication for attaining operational efficiencies is contributing to the market growth. 

Moreover, the rising integration of RTG cranes with active load system (ALS) technology to improve operational efficiency and container stability during transportation represent another major growth-inducing factor. Besides this, governments of numerous countries are investing in port expansion and infrastructure development projects which is providing a positive thrust to market growth. 

Furthermore, rapid industrialization, and the increasing applications of electric RTG cranes to eliminate the use of hydraulic and engine oil, are also creating a favorable market outlook. 

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Type:
•    8-Wheeler
•    16-Wheeler
 
Breakup by Power Supply:
•    Diesel
•    Electric
•    Hybrid
 
Breakup by Application:
•    Construction
•    Oil and Gas
•    Shipbuilding
•    Power and Utilities
•    Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Anupam Industries Limited, ASCOM SPA, Bedeschi S.p.A., Cargotec Oyj, Konecranes Oyj, Liebherr-International AG, Mi-Jack Products (Lanco International Inc.), Paul Vahle GmbH & Co. KG, Reva Industries India Pvt. Ltd., Sany Heavy Industry Co. Ltd, Shanghai Zhenhua Heavy Industries Company Limited and TNT Crane & Rigging. 

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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