Rubber Tired Gantry (RTG) Crane Market was valued at USD 4.62 Billion in 2022 and is projected to reach USD 6.75 Billion by 2030, growing at a CAGR of 5.15% from 2024 to 2030.
Looking ahead, the demand for RTG cranes is projected to experience significant shifts from 2023 to 2033. The ongoing trends from 2018 to 2022, such as increased automation and digitization in the shipping industry, are expected to continue influencing the market. However, the next decade is likely to bring more pronounced changes. As ports in developed regions reach a saturation point, much of the demand will stem from emerging economies, especially those in Asia and Africa, where infrastructure development and economic growth are driving demand for advanced port equipment. Automation, including automated guided vehicles (AGVs) and Internet of Things (IoT) integration, is expected to further enhance the capabilities of RTG cranes, making them more efficient and safe.
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The Rubber Tired Gantry (RTG) Crane market saw significant developments between 2018 and 2022, driven by advancements in the logistics and shipping sectors. RTG cranes, known for their ability to efficiently handle containerized cargo in ports and terminals, have become a crucial part of global trade. During this period, the market was influenced by technological innovations, such as automation and remote control functionalities, which boosted demand for these machines. Additionally, the growing need for more efficient cargo handling systems in ports across emerging economies contributed to the expansion of RTG crane deployments worldwide. In 2022, the market saw an uptick due to the rising demand for port automation, which significantly reduced labor costs and improved operational efficiency.
Anupam Industries Limited
Konecranes
SANY GROUP
TNT Crane Rigging
Liebherr
ElectroMech Material Handling Systems (India)
Kalmar
Mi-Jack Products
Shanghai Zhenhua Heavy Industries
Reva Industries
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Rubber Tired Gantry (RTG) Crane Market
Ports
Piers
Freight Distribution Centers
Others
Based on Types the Market is categorized into Below types that held the largest Rubber Tired Gantry (RTG) Crane market share In 2023.
8-wheeler
16-wheeler
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Rubber Tired Gantry (RTG) Crane Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Rubber Tired Gantry (RTG) Crane Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Rubber Tired Gantry (RTG) Crane Market, By Type
6. Global Rubber Tired Gantry (RTG) Crane Market, By Application
7. Global Rubber Tired Gantry (RTG) Crane Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Rubber Tired Gantry (RTG) Crane Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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