The global demand for Rubber Tired Gantry (RTG) Cranes Market is presumed to reach the market size of nearly USD XX MN by 2030 from USD XX MN in 2022 with a CAGR of XX% under the study period 2023 - 2030.
Rubber tired gantry (RTG) cranes are mobile gantry cranes used to move or carry heavy and large containers from one place to another. RTG cranes are also utilized to assemble heavy manufacturing components, position pipelines, and erect large, unbalanced structures. RTG cranes are powered by diesel or electricity and have a rigid and stable steel structure, enabling good handling of containers at high speeds.
Market Dynamics
The significant increase in imports and exports via ships and cargo planes represents the key factor driving the market growth. Moreover, the escalating demand for goods and raw materials and the rising trade activities between countries are accelerating product demand. Besides this, favourable government initiatives for developing ports propel the demand for rubber-tired gantry cranes. Another significant driver for the growth and expansion of the global rubber-tired gantry crane market includes the rising trend of trans-shipments that has propelled the expansion and development activities in port infrastructures. Additionally, the increasing container traffic is yet another strongest factor driving the adoption of the solutions in the global rubber-tired gantry crane market. Furthermore, multiple advantages, such as low operating costs and technological advancements, are expected to stimulate the usage of these products. However, the costs involved in the maintainence and the installation of these cranes may reduce the market growth to a small extent.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of rubber tired gantry (rtg) cranes. The growth and trends of rubber tired gantry (rtg) cranes industry provide a holistic approach to this study.
Market Segmentation
This section of the rubber tired gantry (rtg) cranes market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- 8-wheeler Gantry Crane
- 16-wheeler Gantry Crane
By Application
- Construction
- Oil & Gas
- Shipbuilding
- Power & Utilities
- Others (Mining, Etc.)
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Rubber Tired Gantry (RTG) Cranes market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Rubber Tired Gantry (RTG) Cranes Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the rubber tired gantry (rtg) cranes market include SANY GROUP, Liebherr, Konecranes, ASCOM S.p.A., Bedeschi S.p.A., CARGOTEC, VAHLE, Shuttlelift, Sumitomo Heavy Industries Material Handling Systems Co. Ltd., Cimolai Technology SPA, GH CRANES & COMPONENTS USA, Others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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