#Rubber Tired Gantry Crane Market Research
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Cargo Handling Equipment Market Outlook, Trends, Report 2022-2029
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the global cargo handling equipment market size at USD 24.63 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the global cargo handling equipment market size to grow at a steady CAGR of 3.5% reaching a value of USD 30.28 billion by 2029. Major growth drivers for the global cargo handling equipment market include globalization, rapid industrialization, and increasing cargo activities. Cargo handling equipment has garnered significant attention due to its multifaceted benefits, which encompass the mitigation of revenue losses stemming from protracted cargo loading and unloading procedures. Moreover, this equipment augments the efficiency of cargo handling operations, reinforces safety protocols, and diminishes the probability of accidents. Significantly, it expedites cargo processing by streamlining cargo movement within docks and warehouses, thereby enhancing precision and reducing handling durations. Also, the equipment curtails the risk of worker injuries and the occurrence of accidents, thereby elevating safety benchmarks within the industry. However, high initial cost is anticipated to restrain the growth of the overall market during the period in analysis.
Global Cargo Handling Equipment Market – Overview
Cargo handling equipment encompasses specialized off-road, self-propelled vehicles and machinery used in intermodal rail yards and ports to handle containers, bulk goods, and liquid cargo transported by sea, air, or rail routes, with additional functions including scheduled maintenance and repairs. This equipment includes a range of machines such as mobile cranes, yard trucks, rubber-tired gantry cranes, side handlers, reach stackers, top handlers, loaders, forklifts, sweepers, dozers, excavators, and aerial lifts. The choice of equipment depends on the specific cargo type. Tankers are equipped with pumping systems, hose-handling cranes, and tank cleaning machinery. Dry-bulk carriers often rely on shoreside facilities, but some feature self-unloading mechanisms like conveyors or deck-mounted cranes. Reefer vessels are designed with refrigerated cargo holds and extensive refrigeration systems. Given the global dominance of containerized cargo transportation across land, air, and sea, precise handling of containers is vital, particularly at sea, where challenging weather conditions and strong winds prevail.
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Impact of COVID-19 on Global Cargo Handling Equipment Market
COVID-19 pandemic adversely affected the global cargo handling equipment market. Lockdown restrictions during the outbreak led to the closure of manufacturing units in this market. Despite the initial challenges caused by a lack of skilled professionals, there is a projected resurgence in the supply sector post-lockdown, as restrictions are gradually lifted. Also, the heightened demand for cargo handling and transportation services has created growth opportunities for the market in the aftermath of the pandemic, underscoring the profound impact of COVID-19 on the global cargo handling equipment market.
Global Cargo Handling Equipment Market – By Equipment
Based on equipment, the global cargo handling equipment market is divided into Industrial Trucks Tow Tractors, Conveying Equipment, Stackers, and Port Cranes segments. The industrial trucks tow tractors segment holds the highest share in the global cargo handling equipment market by equipment. The segment's prominence is attributed to the vital role tow tractors play in the efficient movement of materials and cargo within industrial settings, such as warehouses, factories, and distribution centers. Tow tractors are prized for their versatility and ability to tow heavy loads, making them indispensable for various logistics and materials handling operations. Their reliability, ease of use, and adaptability to diverse applications have contributed to their widespread adoption, solidifying their position as a key driver of the cargo handling equipment market.
Competitive Landscape
Major players operating in the global cargo handling equipment market include Hangcha Forklift, Siemens Logistics GmbH, TOYOTA INDUSTRIES CORPORATION, Terex Corporation, Anhui Heli, Textron Ground Support Equipment Inc., Liebherr-International Deutschland GmbH, TLD, KION GROUP AG, ABB, Hoist Material Handling, Inc., Hyster-Yale Group, Inc., and Konecranes. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
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Rubber Tired Gantry Crane Market Is Expected To Reach USD 1.64 Billion By 2025: Grand View Research, Inc.
The global rubber-tired gantry (RTG) crane market is expected to reach USD 1.64 billion by 2025, according to a new study by Grand View Research, Inc. Advancements in technologies, such as Active Load System (ALS), are expected to fuel the market growth over the forecast period. RTGs equipped with ALS technology help in increasing the stability of the container during transportation.
The increasing seaborne trade due to rapid industrialization has led to the development of port infrastructure across the globe. The growth in seaborne trade can be attributed to the increasing population, especially in developing regions. Moreover, flexible taxation across various regions for the import of goods has led to an increase in incoming container traffic. This stimulates the implementation of robust container handling equipment such as RTGs.
The recent advancements in the technology have helped in increasing the efficiency of cranes during loading and unloading of the container from the ship. Cranes are being remotely controlled through a wireless medium established at a common control center that enhances driver safety and operational convenience.
The growth in vessel size due to increase in global trade has stimulated the usage of RTGs in various ports for improving container handling capacity. The equipment operates with fewer performance deviations and carries out container stacking in lower number of moves, thereby saves fuel and time of operation.
Market participants are increasingly focusing on green technology due to stringent government regulations pertaining to pollution and emission limits across various regions. Moreover, the use of RTGs equipped with electric drives can be optimized to consume less power.
Browse full research report on Rubber Tired Gantry Crane Market: www.grandviewresearch.com/industry-analysis/rubber-tired-gantry-rtg-crane-market
Further key findings from the report suggest:
The 16-wheeler RTGs segment dominated the overall market in 2016 and was valued at USD 563 million. Easy maneuverability and high load carrying capacity are expected to propel the demand for these products
Electric cranes contributed remarkably toward industry growth and were valued at USD 269.1 million in 2016
Hybrid RTGs are widely adopted as they are equipped with optional diesel generator sets that are expected to prevent the downtime and keep the equipment functional
The hybrid powered RTG segment is expected to gain traction over the forecast period and was valued at USD 92.0 million in 2016. These RTGs facilitate port terminals and crane operators in reducing fuel expenses
The demand for this equipmentin the Asia Pacific region was relatively higher, owing to its operational efficiency. The region is expected to grow at a CAGR of 4.4%from 2017 to 2025
Ports in North America are expected to receive funding from regional governments for port infrastructure development. The funds will be invested in container handling equipment and terminal development for capacity expansion
The key industry participants include Anupam Industries Limited, Konecranes, SANY GROUP, TNT Crane & Rigging, Liebherr, ElectroMech Material Handling Systems (India) Pvt. Ltd., Kalmar, Mi-Jack Products, Shanghai Zhenhua Heavy Industries Co., Ltd., and Reva Industries Ltd.
Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/automotive-and-transportation
Grand View Research has segmented the Rubber-Tired Gantry (RTG) crane market based on type, power supply, and region:
RTG Crane Type Outlook (Revenue, USD Million; 2014–2025)
8-wheeler
16-wheeler
RTG Crane Power Supply Outlook (Revenue, USD Million; 2014–2025)
Diesel
Electric
Hybrid
RTG Crane Regional Outlook (Revenue, USD Million; 2014–2025)
North America
U.S.
Canada
Europe
Germany
Turkey
Asia Pacific
China
India
Japan
Latin America
Columbia
Mexico
MEA
Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-rubber-tired-gantry-rtg-crane-market
About Grand View Research:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
#Rubber Tired Gantry Crane Market#Rubber Tired Gantry Crane Market Size#Rubber Tired Gantry Crane Market Analysis#Rubber Tired Gantry Crane Market Trends#Rubber Tired Gantry Crane Market Research
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Rubber Tired Gantry Crane Market
It is estimated for the global rubber tire gantry crane market to witness a growth at a CAGR of 6.9% during the forecast period of 2022 to 2030. The market witnessed growth at a healthy rate even during the previous forecast period of 2018 to 2021. Growth in industrialization all over the globe, various taxation-friendly policies across various countries coupled with the increasing globalization of goods all over the world are the factors that are boosting the growth of the market during the forecast period.The low cost of operating and technological advancements are also factors that are fostering the growth of the market during the forecast period. It is estimated for the trend to continue throughout the forecast period. The increase in the demand for goods and raw materials across various growing economies around the world is also an efficient factor that is estimated to drive the growth of the market during the forecast period. Key Market Trends: Owing to rising trade volumes have led to the implementation of sophisticated container handling equipment such as rubber-tired gantry cranes an increase in the size of the vessels is also estimated to boost the market during the forecast period. Growth in industrialization all over the globe, various taxation-friendly policies across various countries coupled with the increasing globalization of goods all over the world are the factors that are boosting the growth of the market during the forecast period. Further, owing to high operational efficiency these cranes offer effective container management capabilities. This factor is also estimated to drive the growth of the market during the forecast period. Get Free Sample: https://wemarketresearch.com/sample-request/rubber-tired-gantry-crane-market/461/ Segmental Analysis of the Market: Based on type
8-wheeler
16-wheeler
The 8-wheeler segment has dominated the market growth over the forecast period. This is because of the rising popularity of the segment.
Based on Power Supply
Diesel
Electric
Hybrid
The diesel segment has dominated the market growth over the forecast period.
Based on Operation
Hydraulic
Electric
Hybrid
Asia Pacific region to witness growth at a the fastest pace The increase in the demand for goods and raw materials across various growing economies around the world is also an efficient factor that is estimated to drive the growth of the market during the forecast period. The emerging economies of the world in the region of Asia Pacific such as China and India are witnessing immense rise in the economies due to growing industrialization. This factor tis dedicated to foster the growth of the market. Competitive Landscape: Some of the prominent companies operating in the market are Anupam Industries Limited, 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.
Major questions answered in this report: • What is the growth rate of the global rubber tired gantry crane market • What are the primary growth determinants of the market? • Which are the major regions constituting the geographical landscape of the market? • Which are the prominent companies operating in the market? Access the Complete Report at: https://wemarketresearch.com/reports/rubber-tired-gantry-crane-market/461/ About We Market Research WE MARKET RESEARCH is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets. Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. WE MARKET RESEARCH is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.
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Rubber Tired Gantry (RTG) Crane Market Size 2022 Industry Insights by Global Share, Top Key Players, COVID-19 Impact, Regional Analysis and Forecasts to 2030
Global Rubber Tired Gantry (RTG) Crane Market Development Strategy Pre and Post COVID-19, by Corporate Strategy Analysis, Landscape, Type, Application, and Leading 20 Countries covers and analyses the potential of the global Rubber Tired Gantry (RTG) Crane industry, providing statistical information about market dynamics, growth factors, major challenges, PEST analysis and market entry strategy Analysis, opportunities and forecasts. The biggest highlight of the report is to provide companies in the industry with a strategic analysis of the impact of COVID-19.
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Rubber Tired Gantry (RTG) Crane Market: By Type
8-Wheeler 16-Wheeler
Rubber Tired Gantry (RTG) Crane Market: By Applications
Diesel Electric Hybrid
Rubber Tired Gantry (RTG) Crane Market: Key Players
ELECTROMECH MATERIAL HANDLING SYSTEMS (INDIA) PVT. LTD Sany Group Liebherr Konecranes Shanghai Zhenhua Heavy Industries CO., Ltd. (ZPMC) Kalmar Anupam Industries Limited Mi-Jack Products. TNT Crane & Rigging REVA INDUSTRIES LTD
Key benefits for industry players and stakeholders:
· Industry drivers, constraints and opportunities covered by the study
· Neutral view on market performance
· Current industry trends and developments
· Competitive environment and strategies of the main players
· Covering potential and niche segments and regions with promising growth
· Historical, current and forecast market size in terms of value
· In-depth Analysis of the Fixed Endoscope Market
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Reasons to Buy This Report
• Qualitative and quantitative market analysis based on segmentation, including economic and non-economic factors
• Provide market value data for each segment and sub-segment
• Shows the regions and segments that are expected to grow the fastest and dominate the market
• Geographic analysis that highlights the consumption of products/services in the region and reveals the factors affecting the market in each region
• Competitive landscape that includes market rankings of major players along with new service/product launches, partnerships, business expansions and acquisitions in the last five years from leading companies
• Comprehensive company profile, including company overview, company insights, product benchmarking and SWOT analysis for key market players
Table of Content
Table of Content
1 Rubber Tired Gantry (RTG) Crane Market - Research Scope
1.1 Study Goals
1.2 Market Definition and Scope
1.3 Key Market Segments
1.4 Study and Forecasting Years
2 Rubber Tired Gantry (RTG) Crane Market - Research Methodology
2.1 Methodology
2.2 Research Data Source
2.2.1 Secondary Data
2.2.2 Primary Data
2.2.3 Market Size Estimation
2.2.4 Legal Disclaimer
3 Rubber Tired Gantry (RTG) Crane Market Forces
3.1 Global Rubber Tired Gantry (RTG) Crane Market Size
3.2 Top Impacting Factors (PESTEL Analysis)
3.2.1 Political Factors
3.2.2 Economic Factors
3.2.3 Social Factors
3.2.4 Technological Factors
3.2.5 Environmental Factors
3.2.6 Legal Factors
3.3 Industry Trend Analysis
3.4 Industry Trends Under COVID-19
3.4.1 Risk Assessment on COVID-19
3.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
3.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
3.5 Industry Risk Assessment
4 Rubber Tired Gantry (RTG) Crane Market - By Geography
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Port Equipment Market Size, Share, Technology Trends, Competitive Landscape, Leading Company Profiles
The global port equipment market size is expected to grow from USD 29.2 billion in 2018 to USD 36.6 million by 2023, at a CAGR of 3.30% during the forecast period. The major driving factors for the port equipment market are the increasing seaborne trade across the globe and the growing number of container shipments in Asia Pacific and the Middle East.
The factors that are expected to fuel the growth of the port equipment market are the increasing seaborne trade across the globe and the growing number of container shipments in Asia Pacific and the Middle East. Various countries have been focusing on developing new ports owing to the increase in vessel count and trade volume. According to the International Chamber of Shipping, 90% of the world’s trade is carried out through seaways as they are ideal for heavy and bulk goods, have large carrying capabilities, and offer competitive freight costs.
Based on equipment type, the straddle carriers segment is estimated to lead the port equipment market during the forecast period. These are used for lifting and lowering containers, both vertically and horizontally. Straddle carriers are used in container handling have lifting capacities ranging from 40 to 60 tons. As per the industry experts, the demand for straddles is mostly generated from port terminals in Germany, the Netherlands, and the UK. Equipment manufacturers are focused on offering hybrid straddle carriers for port terminals owing to the growing requirement of advanced cargo handling equipment equipped with advanced technologies.
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Based on application, the container handling application segment of the port equipment market is estimated to have the highest CAGR during the forecast period. The increase in seaborne trade in the last few years has led to an increase in the deliveries of marine vessels. With the increase in global maritime trade, the marine ports will be required to modernize to increase their container handling capacity. Increasing global imports and exports coupled with increasing maritime shipping are likely to drive the demand for port equipment.
The port equipment market in the Asia Pacific region is expected to witness high growth during the forecast period. Port equipment are expected to be deployed in large numbers in port terminals, thereby providing various application areas of operations. In recent years, the maximum transportation of containers has been noticed from South Korea, China, Singapore, and India. According to the World Shipping Council, of the top 50 container port terminals in terms of handling million TEU in 2016, 24 were in Asia. These included China, Japan, Malaysia, Indonesia, Singapore, and Thailand.
The major players in the port equipment market include Liebherr (Switzerland), TTS (Norway), Kalmar (Finland), Konecranes (Finland), Sany (China), Shanghai Zhenhua Heavy Industries (ZPMC) (China), Hyster (US), Lonking (China), CVS Ferrari (Italy), Anhui Heli (China), and Famur Famak (Poland), among others. Kalmar is one of the key market players engaged in contracts and acquisitions to increase the sale of port equipment for different applications.
Konecranes is a publicly held company founded in 1910. It is one of the fastest-growing cranes supplying companies in the European region. Konecranes offers unique and customized solutions to its clients to cater to their requirements. Port equipment package offered by the company includes container reach stackers, straddle carriers, rail mounted gantry cranes, rubber tired gantry cranes, mobile harbor cranes, and automated terminal tractors. It allows customers to configure their own container handling process to meet their requirements. The company has over 48 customers across the globe.
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Top 5 OTR tire manufacturers taking the road not taken
Off-road tires, or OTR tires, are a type of tire that is used for off the road vehicles. Off-road tires are designed to give extra traction on irregular terrain like loose dirt, mud, sand, or gravel. These tires are usually radial with thick, deep treads and are suitable for both on- and off-road use. The suitability is being taken care by OTR tire manufacturers.
OTR tires that can function in adverse circumstances without losing safety, durability, or effectiveness that are important for heavy-duty equipment and automobiles. A good tires selection can make a big difference in the event of an unplanned roadside breakdown. Businesses and firms that employ off-road vehicles in their business and operations may find that off-road tires are the finest solution.
OTR tires are for vehicles that drive through rough terrain on a regular basis. The tires are design to carry a lot of load and assist vehicles through difficult terrain which might stop most other trucks dead in their tracks. There are three fundamental forms of construction for an OTR tire Bias, Belt Bias and Radial.
OTR tires have now seen in a variety of industrial applications, including articulate dump trucks, aircraft tow vehicles, container handlers, container gantry cranes, graders and loaders. Additionally, they are also good in handler reach stackers, rigid frame haul trucks, rubber tire dozers, rubber tire gantry cranes, mobile cranes, pavers, scrapers, special purpose vehicles, straddle carriers, and more.
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Off-the-road tires are also significant to maximize performance and endurance while also providing footing on diverse uneven conditions such as dirt, gravel, and soil. Whatever challenges heavy vehicles may face, OTR tire manufacturers are offering all the possible solutions for them.
Top 5 OTR tire manufacturers offering groundbreaking innovation
Experts of Verified Market Research have done an analysis and they found that the market was worth USD 5.84 Billion in 2020. In Global OTR Tire Manufacturers’ Market Report, researchers have concluded the value of market at USD 8.22 Billion by 2028.
The CAGR will be 4.38% from 2020 to 2028.
Continental Continental is a leader when it comes to automotive parts and components. Now, every vehicle is running with a continental product inside it. It is already manufacturing many of the automobile parts along with heavy vehicle parts also such as Off the road tires. We all know about continental’s marker reputation and that’s how it is one of the best OTR tire manufacturers also.
Bridgestone Bridgestone is a global auto and truck part manufacturer. OTR tires is its expertise, the way they design tires are splendid. The company is working in delivering wide range of tires including OTR and heavy vehicle tires to its customers around the world. From passengers’ cars, trucks, buses, construction vehicles to airplane as well, the company is one of the innovative OTR tire manufacturers.
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Michelin We all have seen the advertisements of Michelin; the company care about safety of the vehicle and person driving it. As per its commitment, the company is delivering customer centric product. This approach is making them the leader in the world of tire manufacturing. Dedicated to its approach, Michelin is one of the largest OTR tire manufacturers in the world. Having 9 plus R&D centers around the world is making them more dominant in market.
Goodyear Goodyear is again one of the most famous passenger vehicles and OTR tire manufacturers. The company is working constantly to develop advance, efficient and safe tire with longevity and comfort. It is now almost 100 years for the company into manufacturing of tires and still they are not stopping the innovations and advancements in their operations. From investing in technology to adapting the technology, Goodyear is a pro.
MRF Who doesn’t know about MRF? From seeing the brand name on the cricket bat to seeing it in vehicles. We all recognize MRF as one of the leading two wheelers, four wheelers and OTR tire manufacturers. Many a times, the company got recognition for its successful drives towards quality improvement and customer satisfactions. And not only just OTR or other vehicles, MRF is a leader in motor sports as well.
Taking different route
The demand for OTR and other vehicles is growing, and it will undoubtedly reach new heights in the future. OTR vehicles will become more common as a result of the country’s development. And OTR tire manufacturers will have the potential to turn the tables in their favor.
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Rubber Tired Gantry (RTG) Crane Market Drivers, Statistics and Forecast Report till 2025
July 23, 2021: The global Rubber Tired Gantry (RTG) Crane Market is estimated to touch US$ 1.64 billion by the completion of the prediction period. The market was appreciated by US$ 1.08 billion in the year 2016. It estimated to develop at a substantial CAGR for the duration of the prediction. The progressions in machineries, for example Active Load System [ALS], are likely to power the development of the market above the prediction period. Rubber Tired Gantry [RTGs] prepared by means of Active Load System [ALS] expertise assist in growing the steadiness of the container for the period of transport.
The growing trade by the way of sea owing to speedy industrial development has headed to the progress of port substructure throughout the world. The development in the sea route trade could be credited to the growing populace, particularly in emerging areas. Furthermore, supple tax policy through a number of areas for the importation of merchandises has headed to an upsurge in arriving vessel movement. This encourages the application of robust container handling equipment such as RTGs.
Financially developing nations comprising China, Columbia, Mexico, and India among others, are estimated to deliver sufficient occasions for the development of the market. The growing tendency of transshipments has headed to the growth of port substructure in these areas owing to growth in container circulation. The Rubber Tired Gantry Crane market on the source of Type of Power Supply could span Electric, Diesel, Hybrid. The diesel power-driven Rubber Tired Gantry (RTG) Crane ruled the international market. It was priced at US$ 724.3 million in the year 2016. The subdivision of electric power driven RTG expected to be the rapidly developing sector. Expected to record the CAGR of 9.9% above the prediction period.
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The electric power driven RTGs decrease the necessity for the maintenance of engine parts. They are capable to save engine oil equal to 600 liters per year. They take a lesser maintenance price and abridged down time. The areas like as Europe, wherever the administration has forced firm rules concerning air contamination and discharge mechanism, have observed an improved implementation of electric power driven Rubber Tired Gantry (RTG) Crane. They assists in dropping company expenditures by eradicating the practice of engine and hydraulic oil.
The RTG Crane market on the source of Type could span 16-Wheeler, 8-Wheeler.The subdivision of 16-wheeler RTG is estimated to appear as the speedily developing sector and is supposed to develop at a CAGR of 6.1% during the prediction period. Furthermore, the big number of wheels tips to suitable maneuverability and improved protection of the driver.
The Rubber Tired Gantry (RTG) Crane market on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage in these areas, for the duration of the prediction could span North America [U.S.A, Canada], Europe [Germany and Turkey], Asia Pacific [India, Japan, China],Latin America [Mexico, Columbia].
By the source of geography, Middle East Asia [MEA] is estimated to be the speedily developing area, recording a CAGR of more than 5.3% above the prediction period. Asia Pacific ruled the market and prized by more than US$ 486.8 million in the year of 2016.
The harbors in Europe have accepted electrically powered Rubber Tired Gantry (RTGs) to decrease contamination and release of glass house gas. Government guidelines in this area, for example certification of carbon release in oceanic transport, have permitted the implementation of container handling apparatus, powered by electricity. Additionally, the harbor establishments has permitted making planned investments in the substructure of the harbor owing to the fiscal clarity.
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The statement revises Trades in terms of intake of Rubber Tired Gantry (RTG) Crane in the market; particularly in North America, Europe, Asia Pacific, Latin America and Middle East & Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field on international basis are Reva Industries Ltd., MI-Jack Products, ElectroMech Material Handling Systems (India) Pvt. Ltd, TNT Crane & Rigging, Konecranes, Shanghai Zhen Hua Heavy Industries Co., Ltd, Kalmar, Liebherr, SANY GROUP and Anupam Industries Limited.
Market Segment:
RTG Crane Type Outlook (Revenue, USD Million; 2014 - 2025)
• 8-wheeler
• 16-wheeler
RTG Crane Power Supply Outlook (Revenue, USD Million; 2014 - 2025)
• Diesel
• Electric
• Hybrid
RTG Crane Regional Outlook (Revenue, USD Million; 2014 - 2025)
• North America
• U.S.
• Canada
• Europe
• Germany
• Turkey
• Asia Pacific
• China
• India
• Japan
• Latin America
• Columbia
• Mexico
• MEA
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Rubber Tired Gantry (RTG) Crane Market Top Companies Financial Performance Analysis Report
The global Rubber Tired Gantry (RTG) Crane Market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development.
Market Overview:
The global Rubber Tired Gantry (RTG) Crane Market is estimated to touch US$ 1.64 billion by the completion of the prediction period. The market was appreciated by US$ 1.08 billion in the year 2016. It estimated to develop at a substantial CAGR for the duration of the prediction. The progressions in machineries, for example Active Load System [ALS], are likely to power the development of the market above the prediction period. Rubber Tired Gantry [RTGs] prepared by means of Active Load System [ALS] expertise assist in growing the steadiness of the container for the period of transport.
Key Players:
Anupam Industries Limited
ElectroMech Material Handling Systems (India) Pvt. Ltd.
Kalmar
Konecranes
Liebherr
Mi-Jack Products
Reva Industries Ltd.
SANY GROUP
Shanghai Zhenhua Heavy Industries Co., Ltd.
TNT Crane & Rigging
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Growth Drivers:
The growing trade by the way of sea owing to speedy industrial development has headed to the progress of port substructure throughout the world. The development in the sea route trade could be credited to the growing populace, particularly in emerging areas. Furthermore, supple tax policy through a number of areas for the importation of merchandises has headed to an upsurge in arriving vessel movement. This encourages the application of robust container handling equipment such as RTGs.
Financially developing nations comprising China, Columbia, Mexico, and India among others, are estimated to deliver sufficient occasions for the development of the market. The growing tendency of transshipments has headed to the growth of port substructure in these areas owing to growth in container circulation. The Rubber Tired Gantry Crane market on the source of Type of Power Supply could span Electric, Diesel, Hybrid. The diesel power-driven Rubber Tired Gantry (RTG) Crane ruled the international market. It was priced at US$ 724.3 million in the year 2016. The subdivision of electric power driven RTG expected to be the rapidly developing sector. Expected to record the CAGR of 9.9% above the prediction period.
The electric power driven RTGs decrease the necessity for the maintenance of engine parts. They are capable to save engine oil equal to 600 liters per year. They take a lesser maintenance price and abridged down time. The areas like as Europe, wherever the administration has forced firm rules concerning air contamination and discharge mechanism, have observed an improved implementation of electric power driven Rubber Tired Gantry (RTG) Crane. They assists in dropping company expenditures by eradicating the practice of engine and hydraulic oil.
Type Outlook:
8-wheeler
16-wheeler
Power Supply Outlook:
Diesel
Electric
Hybrid
Regional Outlook:
By the source of geography, Middle East Asia [MEA] is estimated to be the speedily developing area, recording a CAGR of more than 5.3% above the prediction period. Asia Pacific ruled the market and prized by more than US$ 486.8 million in the year of 2016. The harbors in Europe have accepted electrically powered Rubber Tired Gantry (RTGs) to decrease contamination and release of glass house gas. Government guidelines in this area, for example certification of carbon release in oceanic transport, have permitted the implementation of container handling apparatus, powered by electricity. Additionally, the harbor establishments has permitted making planned investments in the substructure of the harbor owing to the fiscal clarity.
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UAE OTR Tire Market Outlook, Analysis, Forecast 2023-2029
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated UAE OTR tire market size at USD 91.79 million in 2022. During the forecast period between 2023 and 2029, BlueWeave UAE OTR tire market size is expected to grow at a significant CAGR of 6.13% reaching a value of USD 139.08 million by 2029. The demand for medium and heavy commercial vehicles is expected to rise due to the increase in initiatives taken by the top authorities to promote the infrastructure development of the nation, such as the Abu Dhabi Metro project to improve the economic situation. The UAE OTR tire market is expanding as a result of the government's efforts to diversify its revenue streams and create new sources of income to stabilize the nation's financial situation. The increased efforts being made by market participants to expand dealerships and the introduction of novel tires to draw in more customers are expected to have an impact on market growth. The demand for tractors and agricultural vehicle equipment is rising as the agricultural sector is expanding.
UAE OTR Tire Market – Overview
Off-road tires known as OTRs are used to increase traction on unpaved surfaces like loose dirt, mud, sand, or gravel. These tires, which frequently have radial construction and deep, thick treads, are designed to be used on and off-road. For heavy-duty equipment and vehicles, OTR tires that can operate in challenging environments without compromising quality, performance, or safety are necessary. OTR tires have been used in a variety of industrial applications, such as those for aircraft towing vehicles, articulated dump trucks, container handlers, container handler reach stackers, gantry cranes, graders, loaders, mobile cranes, pavers, rigid frame haul trucks, rubber tire dozers, rubber tire gantry cranes, scrapers, special purpose vehicles, straddle carriers and many more. Off-road tires are also created specifically.
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Growth Drivers
Rising demand for OTR tires
A growing transportation system, sizable investments in highways, bridges, and tunnels for convenience, a bolstered supply chain network for better trade, developing manufacturing sectors, and building construction are all examples of infrastructure. The demand for mining and construction equipment could increase due to rising labor costs, the need for greater efficiency, and the desire to maximize the use of resources.
Challenge: Recycling of plastics used in the manufacture of electric vehicles
The development and best use of OTR tires throughout their life cycle were made possible by technological advancement and commercialization. The pneumatic tire cavity of OTR tires typically has small, simple-to-install sensors installed inside of it as part of a tire condition monitoring system (TCMS) or tire pressure monitoring system (TPMS). Inflation pressure, cavity air temperature, tire belt stress and strain, normal load, traction force, acceleration, and tire wear are all measured and transmitted electronically by these devices to a digital device in the driver's cabin. With the help of these measurements, the driver can assess the condition of each tire and take the necessary corrective and preventive measures to reduce the likelihood of tire-related downtime.
Impact of COVID-19 on UAE OTR Tire Market
The COVID-19 outbreak has had a significant negative impact on the OTR tire industry and supply chain in UAE. Sales of mining and construction equipment decreased during the first quarter of 2020. Sales, however, increased in the second half of 2020. The demand for off-highway equipment has also significantly increased as a result of increased mechanization. However, cross-border trade was severely harmed as a result of the COVID-19 outbreak, which resulted in supply chain disruptions in 2020. Due to increased investments in infrastructure development, increased metal demand, and growth in the mining industry, farm mechanization, and industrial automation, demand for off-highway vehicles increased in 2021 and is expected to increase further.
UAE OTR Tire Market – By Application
The UAE OTR tire market is segmented into Loader tires, Compactor tires, Earth Moving tires, Grader tires, and Others based on application. L-type tires are designed to handle heavy loads, travel short distances at a slow speed, and prioritize stability; they are categorized for use on wheeled loaders and dozers. L-classified tires also have a numerical designation that specifies tread depth and application. All tires mounted on large machinery are referred to as earth-moving tires. Such equipment is mainly used in the construction, road building, and mining industries, where hardened roads are scarce. Resistance, grip, and durability are more stressed in these circumstances.
Competitive Landscape
UAE OTR Tire market is fiercely competitive. Prominent players in the market include Bridgestone, Michelin, Goodyear, Continental, Pirelli, Apollo Tires, Nokian Tires, Dunlop Tires, Falken Tires, Hankook Tires, JK Tire, Yokohama Tires, Sumitomo Rubber Industries, Toyo Tires, Cooper Tires. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the UAE OTR tire market.
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Rubber Tired Gantry Crane Market Size Worth $1.64 Billion By 2025
The global rubber-tired gantry (RTG) crane market is expected to reach USD 1.64 billion by 2025, according to a new study by Grand View Research, Inc. Advancements in technologies, such as Active Load System (ALS), are expected to fuel the market growth over the forecast period. RTGs equipped with ALS technology help in increasing the stability of the container during transportation.
The increasing seaborne trade due to rapid industrialization has led to the development of port infrastructure across the globe. The growth in seaborne trade can be attributed to the increasing population, especially in developing regions. Moreover, flexible taxation across various regions for the import of goods has led to an increase in incoming container traffic. This stimulates the implementation of robust container handling equipment such as RTGs.
The recent advancements in the technology have helped in increasing the efficiency of cranes during loading and unloading of the container from the ship. Cranes are being remotely controlled through a wireless medium established at a common control center that enhances driver safety and operational convenience.
The growth in vessel size due to increase in global trade has stimulated the usage of RTGs in various ports for improving container handling capacity. The equipment operates with fewer performance deviations and carries out container stacking in lower number of moves, thereby saves fuel and time of operation.
Market participants are increasingly focusing on green technology due to stringent government regulations pertaining to pollution and emission limits across various regions. Moreover, the use of RTGs equipped with electric drives can be optimized to consume less power.
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Further key findings from the study suggest:
The 16-wheeler RTGs segment dominated the overall market in 2016 and was valued at USD 563 million. Easy maneuverability and high load carrying capacity are expected to propel the demand for these products
Electric cranes contributed remarkably toward industry growth and were valued at USD 269.1 million in 2016
Hybrid RTGs are widely adopted as they are equipped with optional diesel generator sets that are expected to prevent the downtime and keep the equipment functional
The hybrid powered RTG segment is expected to gain traction over the forecast period and was valued at USD 92.0 million in 2016. These RTGs facilitate port terminals and crane operators in reducing fuel expenses
The demand for this equipmentin the Asia Pacific region was relatively higher, owing to its operational efficiency. The region is expected to grow at a CAGR of 4.4%from 2017 to 2025
Ports in North America are expected to receive funding from regional governments for port infrastructure development. The funds will be invested in container handling equipment and terminal development for capacity expansion
The key industry participants include Anupam Industries Limited, Konecranes, SANY GROUP, TNT Crane & Rigging, Liebherr, ElectroMech Material Handling Systems (India) Pvt. Ltd., Kalmar, Mi-Jack Products, Shanghai Zhenhua Heavy Industries Co., Ltd., and Reva Industries Ltd.
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About Grand View Research:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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Rubber Tired Gantry (RTG) Cranes Industry Trends, Share, Size and 2025 Forecast Report
Rubber Tired Gantry (RTG) Cranes Industry Trends, Share, Size and 2025 Forecast Report
The Rubber Tired Gantry (RTG) Cranes Market research report highlights key dynamics of Rubber Tired Gantry (RTG) Cranes market sector.
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Port Equipment Market Product Benchmarking, Top Players Financial Performance & Regional Scope, 2025
The global port equipment market size is expected to grow from USD 29.2 billion in 2018 to USD 36.6 million by 2023, at a CAGR of 3.30% during the forecast period. The major driving factors for the port equipment market are the increasing seaborne trade across the globe and the growing number of container shipments in Asia Pacific and the Middle East.
The factors that are expected to fuel the growth of the port equipment market are the increasing seaborne trade across the globe and the growing number of container shipments in Asia Pacific and the Middle East. Various countries have been focusing on developing new ports owing to the increase in vessel count and trade volume. According to the International Chamber of Shipping, 90% of the world’s trade is carried out through seaways as they are ideal for heavy and bulk goods, have large carrying capabilities, and offer competitive freight costs.
Based on equipment type, the straddle carriers segment is estimated to lead the port equipment market during the forecast period. These are used for lifting and lowering containers, both vertically and horizontally. Straddle carriers are used in container handling have lifting capacities ranging from 40 to 60 tons. As per the industry experts, the demand for straddles is mostly generated from port terminals in Germany, the Netherlands, and the UK. Equipment manufacturers are focused on offering hybrid straddle carriers for port terminals owing to the growing requirement of advanced cargo handling equipment equipped with advanced technologies.
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Based on application, the container handling application segment of the port equipment market is estimated to have the highest CAGR during the forecast period. The increase in seaborne trade in the last few years has led to an increase in the deliveries of marine vessels. With the increase in global maritime trade, the marine ports will be required to modernize to increase their container handling capacity. Increasing global imports and exports coupled with increasing maritime shipping are likely to drive the demand for port equipment.
Asia Pacific region shows the highest potential for implementation of port equipment
The port equipment market in the Asia Pacific region is expected to witness high growth during the forecast period. Port equipment are expected to be deployed in large numbers in port terminals, thereby providing various application areas of operations. In recent years, the maximum transportation of containers has been noticed from South Korea, China, Singapore, and India. According to the World Shipping Council, of the top 50 container port terminals in terms of handling million TEU in 2016, 24 were in Asia. These included China, Japan, Malaysia, Indonesia, Singapore, and Thailand.
The major players in the port equipment market include Liebherr (Switzerland), TTS (Norway), Kalmar (Finland), Konecranes (Finland), Sany (China), Shanghai Zhenhua Heavy Industries (ZPMC) (China), Hyster (US), Lonking (China), CVS Ferrari (Italy), Anhui Heli (China), and Famur Famak (Poland), among others. Kalmar is one of the key market players engaged in contracts and acquisitions to increase the sale of port equipment for different applications.
Konecranes is a publicly held company founded in 1910. It is one of the fastest-growing cranes supplying companies in the European region. Konecranes offers unique and customized solutions to its clients to cater to their requirements. Port equipment package offered by the company includes container reach stackers, straddle carriers, rail mounted gantry cranes, rubber tired gantry cranes, mobile harbor cranes, and automated terminal tractors. It allows customers to configure their own container handling process to meet their requirements. The company has over 48 customers across the globe.
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Global Rubber Tired Gantry Crane Market
Global Rubber Tired Gantry Crane Market
was valued at USD 844.53 Mn in 2019 and is expected to reach at USD 1,315.88 Mn by 2027 at a CAGR of 5.7 % over forecast period 2020-2027.
The report covers an in depth analysis of COVID 19 pandemic impact on Global Rubber Tired Gantry Crane Market by region and on the key players revenue affected till April 2020 and expected short term and long term impact on the market. Global Rubber Tired Gantry Crane Market Dynamics; A rubber tired gantry crane is a mobile gantry crane used in intermodal operations to ground or stack containers. Inbound containers are stored for future pickup by drayage trucks, and outbound are stored for future loading onto vessels. Various factors such as increasing seaborne trade due to rapid industrialization, the flexible taxation across various regions for the import of goods, increasing incoming container traffic and increased efficiency of cranes during loading and unloading of the container from the ship are driving the market growth over forecast period. The various advanced technologies such as automation and wireless communication are increasing the operational efficiencies of cranes during loading and unloading of the container from the ship. However, factors such as lower load carrying capacity of the cranes, high maintenance cost are restraining the market growth over forecast period. Global Rubber Tired Gantry Crane Market is segmented by type, by power supply and by Region. By power supply, Diesel powered RTG dominated the global market with xx% of market share in 2019 and is expected to keep its dominance over forecast period. Diesel powered RTG is followed by Electric RTGs and Hybrid RTGs. Electric RTGs is expected to grow at a CAGR of 7.9% over forecast period. Various factors such as implementation of more stringent emission norms in order to minimize global emission levels, increasing fuel prices, and development of more efficient electrified vehicles are boosting the demand for electric RTG cranes across the globe. Hybrid RTGs is expected to hold xx% of market share over forecast period. Hybrid RTG cranes are efficient, offer better performance, and are able to move significant loads. By type, the 16-wheeler RTG segment held 61.23% of market share in 2019 and is expected to keep its dominance over forecast period. This 16-wheeler RTG require low maintenance costs as compared to others segments due to low cost of their spare parts. Moreover, these 16 wheels RTG able to handle larger loads. By geography, Europe dominated the global market with xx% of market share in 2019 and is expected to keep its dominance over forecast period. European countries such as France, U.K, and Germany are the leading importers and exporters of goods and commodities. Europe accounts for a large volume of trading in commodities and goods such as machinery, vehicles, aircrafts, fuels, nonferrous metals, textiles, chemicals, clothing, and crude oils due to which the global rubber tired gantry crane market is led by the region. Europe is followed by MEA& Africa and APAC region. MEA is expected to grow at a CAGR of 5.6% over the forecast period. The Asia Pacific is expected to hold xx% of market share over forecast period. Emerging economic countries including India and China are expected to provide adequate opportunities for market growth in this region. The increasing trend of transhipments has led to the development of port infrastructure in these countries due to rise in container traffic. Report covers in depth analysis of key development, marketing strategies, value chain, supply chain and company profiles of market leaders, potential players and new entrants. Key players operating in this market are adopting various organic and inorganic growth strategies such as merger& acquisitions, collaborations, strategic alliances, expansion, joint ventures, new product launches, patent and diversification to increase regional presence and business opeartions. Liebherr is leading market player in this market. Liebherr is one of the world's largest manufacturers of construction machinery equipments. It employs more than 48,000 employees to shape technological advances in many other industries. Liebherr started to focus on international business and establish companies outside Germany at the end of the 1950s. The Liebherr Group now comprises over 140 companies in more than 50 countries on every continent. Liebherr’s Rubber tyre gantry cranes (RTGs) are available with spans of between five and nine containers wide (plus a truck lane) and with hoisting heights from 1 over 3 to 1 over 6 containers high. Supplied with Liebherr's eight rope reeving anti-sway system and drive systems, the Liebherr RTG delivers exceptional productivity and reliability in container stacking. The objective of the report is to present a comprehensive analysis of the Global Rubber Tired Gantry Crane Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Rubber Tired Gantry Crane Market dynamics, structure by analyzing the market segments and project Global Rubber Tired Gantry Crane Market. Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Rubber Tired Gantry Crane Market make the report investor’s guide.
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Scope of Global Rubber Tired Gantry Crane Market
Global Rubber Tired Gantry Crane Market Segmentation by Type• 8-wheeler • 16-wheelerGlobal Rubber Tired Gantry Crane Market Segmentation by Power Supply• Diesel • Electric • HybridGlobal Rubber Tired Gantry Crane Market Segmentation by Region• North America • APAC • Europe • MEA& Africa • South AmericaGlobal Rubber Tired Gantry Crane Market Major Players• Anupam Industries Limited • Konecranes • SANY GROUP • TNT Crane & Rigging • Liebherr • ElectroMech Material Handling Systems (India) Pvt. Ltd. • Kalmar • Mi-Jack Products • Shanghai Zhenhua Heavy Industries Co., Ltd. • Reva Industries Ltd • Cargotec • VAHLE • Shuttle lift • ASCOM S.p.A. • Bedeschi S.p.A. • Zhengzhou Ellsen Machinery Equipment Co., Ltd. • Sumitomo Heavy Industries Material Handling Systems Co., Ltd. • ZPMC Mediterranean
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Rubber Tired Gantry (RTG) Crane Market Share, Revenue, Drivers, Trends And Influence Factors Historical & Forecast Till 2025
May 11, 2020 — Global Rubber Tired Gantry (RTG) Crane Market is estimated to touch US$ 1.64 billion by the completion of the prediction period. The market was appreciated by US$ 1.08 billion in the year 2016. It estimated to develop at a substantial CAGR for the duration of the prediction. The progressions in machineries, for example Active Load System [ALS], are likely to power the development of the market above the prediction period. Rubber Tired Gantry [RTGs] prepared by means of Active Load System [ALS] expertise assist in growing the steadiness of the container for the period of transport.
Get a Free Sample Copy of Report @ https://www.millioninsights.com/industry-reports/rubber-tired-gantry-rtg-crane-market/request-sample
Financially developing nations comprising China, Columbia, Mexico, and India among others, are estimated to deliver sufficient occasions for the development of the market. The growing tendency of transshipments has headed to the growth of port substructure in these areas owing to growth in container circulation. The Rubber Tired Gantry Crane market on the source of Type of Power Supply could span Electric, Diesel, Hybrid. The diesel power-driven Rubber Tired Gantry (RTG) Crane ruled the international market. It was priced at US$ 724.3 million in the year 2016. The subdivision of electric power driven RTG expected to be the rapidly developing sector. Expected to record the CAGR of 9.9% above the prediction period.
The electric power driven RTGs decrease the necessity for the maintenance of engine parts. They are capable to save engine oil equal to 600 liters per year. They take a lesser maintenance price and abridged down time. The areas like as Europe, wherever the administration has forced firm rules concerning air contamination and discharge mechanism, have observed an improved implementation of electric power driven Rubber Tired Gantry (RTG) Crane. They assists in dropping company expenditures by eradicating the practice of engine and hydraulic oil.
Global Rubber Tired Gantry (RTG) Crane Market Research Report includes In-depth Analysis of industry by recent technologies, trends, opportunities, challenges, key players and business strategies considering types, segment, and future analysis. The Rubber Tired Gantry (RTG) Crane Market Report Provides Growth History, Sales Channel, Manufacturers Profiled in Rubber Tired Gantry (RTG) Crane Business, Market Share of Product, Application and Regional Scope of Rubber Tired Gantry (RTG) Crane which makes the research report a helpful resource for marketing people, forecasters, industry executives & consultants, sales, product managers, Strategy Advisor, potential investors to understand the present as well as future market size, situations in terms of growth rate and revenue. This report will help the viewer in Better Decision Making.
This report studies the global Rubber Tired Gantry (RTG) Crane market status and forecast, categorizes the global Rubber Tired Gantry (RTG) Crane market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions.
This research report offers a comprehensive analysis of key elements of the Rubber Tired Gantry (RTG) Crane Market such as potential top key Manufacturers along with their strengths and weaknesses. The Rubber Tired Gantry (RTG) Crane Market report also comprises some useful strategies and scenario for the new players in the market. While forecasting the growth of the global Rubber Tired Gantry (RTG) Crane market, various statistical tools were utilized to get an accurate result of the Demographic data.
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Table of Contents
Chapter 1 Rubber Tired Gantry (RTG) Crane Market Overview
1.1 Rubber Tired Gantry (RTG) Crane Definition
1.2 Rubber Tired Gantry (RTG) Crane Market Size Status and Outlook (2013-2028)
1.3 Global Rubber Tired Gantry (RTG) Crane Market Size Comparison by Region (2013-2028)
1.4 Global Rubber Tired Gantry (RTG) Crane Market Size Comparison by Type (2013-2028)
1.5 Global Rubber Tired Gantry (RTG) Crane Market Size Comparison by Application (2013-2028)
1.6 Global Rubber Tired Gantry (RTG) Crane Market Size Comparison by Sales Channel (2013-2028)
1.7 Rubber Tired Gantry (RTG) Crane Market Dynamics
1.7.1 Market Drivers/Opportunities
1.7.2 Market Challenges/Risks
1.7.3 Market News (Mergers/Acquisitions/ Expansion)
Chapter 2 Rubber Tired Gantry (RTG) Crane Market Segment Analysis by Player
Chapter 3 Rubber Tired Gantry (RTG) Crane Market Segment Analysis by Type
And Continue…
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