Rubber Tired Gantry Crane Market Size is Estimated to grow at a CAGR of 3.5% during the forecast period

• Rubber tire gantry cranes are expected to play a significant role in operations such as handling containers at ports and terminals. They provide flexibility and mobility in the movement of shipping containers, and their ability to stack containers while managing within the terminal yard makes them essential equipment for modern container handling facilities.
• It is anticipated that the global market valuation of rubber tired gantry crane market will reach USD 2.1 billion in 2032, exhibiting a compound annual growth rate of 3.5% during the forecast period of 2024–2032.

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GROWTH DRIVERS

• The need for RTGS to handle these containers across the company is expanding as a result of port expansions and capacity increases being driven by the expansion of global trade and the size of vessels carrying containers.
• The expansion of facilities and logistics hubs is being driven by government initiatives and private sector investments in infrastructure development projects, which include emerging economies. These developments create opportunities for cranes or efficient performance and productivity, which in turn drive market growth.
• Electric RTGs are created by the growing emphasis on green technology, while chances for the transfer and collection of commodities and raw materials are created by the growing demand for goods and raw materials. which, in order to function effectively, needs RTGS.

MARKET SEGMENTATION:

·?????????By Type-?8-wheeler and 16-wheeler

·?????????By Power Supply Type?– Diesel, Electric and Hybrid

·?????????By Application–?construction, oil and gas, shipbuilding, power and utilities, ports and others

·?????????By Region -?North America, Europe, Asia Pacific, the Middle East and Africa, and South America

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Global Key Players:

·?????????Anupam Industries

·?????????Ascom SPA

·?????????Bedeschi SPA

·?????????Liebherr International

·?????????Konecranes Oyj

·?????????Mi-Jack Products

·?????????Sany Heavy Industries

·?????????Reva Cranes

·?????????Paul Vahle

·?????????Cargotec

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