Rubber Tired Gantry Crane Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024

Description

Market Overview

In 2024, the rubber-tired gantry (RTG) crane industry will generate revenue of USD 1,446.6 million as estimated, it is estimated to experience a CAGR of 5.7% over the projection period, to attain USD 2,017.3 million by the end of 2030. This is because of the growing size of marine trade, fast industrialization, relief in import taxation, and an increase in the requirement for higher crane efficiency.

This has become evident through the promotion of continuous global trading, urban development, and industrialization which has badly affected the atmosphere through excessive release of carbon. Among port handling equipment, about 10% of the emission is contributed from diesel-operated RTG cranes.

To surmount this, more companies are turning to both hybrid and electric RTG cranes. With the energy revolution today, every country is outlining infrastructure and trade advancement which are the main causes for the emissions of carbon.

In other words, some technologies will make sustainable energy sources replace the conventional ones hence striking a balance between industrialization and destruction of the environment. Concerning the port and logistics, one can speak about RTG cranes that are operated by batteries instead of fuel as an example of such a transition.

Key Insights

The 16-wheeler category generated 70% of the revenue in 2024 and dominated the market.

Significant growth of the 16-wheeler market is due to low maintenance costs from cheap spare parts.

An increasing number of large manufacturing units and a rise in trading and shipping activities drive the market.

Large facilities generally use cranes with 16 wheels, providing enhanced driver safety and maneuverability.

The 8-wheeler category is expected to witness a higher CAGR over the forecast period due to its simpler design and versatility for different industries and areas.

8-wheelers can work in tight spaces more efficiently.

The E-RTG category is the largest and fastest-growing.

E-RTG cranes are trending due to rising diesel fuel prices and stringent emission regulations.

Electrification of diesel machines significantly reduces operational costs.

Conventional models consume 18 liters of fuel an hour, costing up to EUR 67,000 per unit per year, while electrification can save up to USD 66,000 (EUR 61,000) per RTG crane per year.

The shipbuilding and container ports category held the largest market share, of 40%, in 2024, due to large investments in maritime trade.

RTG cranes are specially adapted to shipping containers, handling loads up to 50 tons efficiently.

The construction category is projected to witness the highest CAGR, of 6.2%, during 2024-2030, driven by urbanization and industrialization in developing nations, increasing the need for bulk raw materials.

APAC dominated the RTG crane market with a revenue share of 45% in 2024.

Market growth in APAC is driven by the growing volume of maritime trade in and out of China and India.

Many countries in APAC are shifting to E-RTG cranes to overcome the challenge of high carbon emissions.

APAC's market dominance is due to the need for enhanced infrastructure for a swelling population.

Product Code: 12982

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by type
- 1.4.2. Market size breakdown, by power supply
- 1.4.3. Market size breakdown, by application
- 1.4.4. Market size breakdown, by region
- 1.4.5. Market size breakdown, by country
1.5. Market Data Reporting Unit
- 1.5.1. Volume
- 1.5.2. Value
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

Chapter 5. Industry Outlook

5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
5.2. Impact of COVID-19
5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes

Chapter 6. Global Market

6.1. Overview
6.2. Market Volume, by Type (2019-2030)
6.3. Market Revenue, by Type (2019-2030)
6.4. Market Volume, by Power Supply (2019-2030)
6.5. Market Revenue, by Power Supply (2019-2030)
6.6. Market Volume, by Application (2019-2030)
6.7. Market Revenue, by Application (2019-2030)
6.8. Market Volume, by Region (2019-2030)
6.9. Market Revenue, by Region (2019-2030)

Chapter 7. North America Market

7.1. Overview
7.2. Market Volume, by Type (2019-2030)
7.3. Market Revenue, by Type (2019-2030)
7.4. Market Volume, by Power Supply (2019-2030)
7.5. Market Revenue, by Power Supply (2019-2030)
7.6. Market Volume, by Application (2019-2030)
7.7. Market Revenue, by Application (2019-2030)
7.8. Market Volume, by Country (2019-2030)
7.9. Market Revenue, by Country (2019-2030)

Chapter 8. Europe Market

8.1. Overview
8.2. Market Volume, by Type (2019-2030)
8.3. Market Revenue, by Type (2019-2030)
8.4. Market Volume, by Power Supply (2019-2030)
8.5. Market Revenue, by Power Supply (2019-2030)
8.6. Market Volume, by Application (2019-2030)
8.7. Market Revenue, by Application (2019-2030)
8.8. Market Volume, by Country (2019-2030)
8.9. Market Revenue, by Country (2019-2030)

Chapter 9. APAC Market

9.1. Overview
9.2. Market Volume, by Type (2019-2030)
9.3. Market Revenue, by Type (2019-2030)
9.4. Market Volume, by Power Supply (2019-2030)
9.5. Market Revenue, by Power Supply (2019-2030)
9.6. Market Volume, by Application (2019-2030)
9.7. Market Revenue, by Application (2019-2030)
9.8. Market Volume, by Country (2019-2030)
9.9. Market Revenue, by Country (2019-2030)

Chapter 10. LATAM Market

10.1. Overview
10.2. Market Volume, by Type (2019-2030)
10.3. Market Revenue, by Type (2019-2030)
10.4. Market Volume, by Power Supply (2019-2030)
10.5. Market Revenue, by Power Supply (2019-2030)
10.6. Market Volume, by Application (2019-2030)
10.7. Market Revenue, by Application (2019-2030)
10.8. Market Volume, by Country (2019-2030)
10.9. Market Revenue, by Country (2019-2030)

Chapter 11. MEA Market

11.1. Overview
11.2. Market Volume, by Type (2019-2030)
11.3. Market Revenue, by Type (2019-2030)
11.4. Market Volume, by Power Supply (2019-2030)
11.5. Market Revenue, by Power Supply (2019-2030)
11.6. Market Volume, by Application (2019-2030)
11.7. Market Revenue, by Application (2019-2030)
11.8. Market Volume, by Country (2019-2030)
11.9. Market Revenue, by Country (2019-2030)

Chapter 12. U.S. Market

12.1. Overview
12.2. Market Volume, by Type (2019-2030)
12.3. Market Revenue, by Type (2019-2030)
12.4. Market Volume, by Power Supply (2019-2030)
12.5. Market Revenue, by Power Supply (2019-2030)
12.6. Market Volume, by Application (2019-2030)
12.7. Market Revenue, by Application (2019-2030)

Chapter 13. Canada Market

13.1. Overview
13.2. Market Volume, by Type (2019-2030)
13.3. Market Revenue, by Type (2019-2030)
13.4. Market Volume, by Power Supply (2019-2030)
13.5. Market Revenue, by Power Supply (2019-2030)
13.6. Market Volume, by Application (2019-2030)
13.7. Market Revenue, by Application (2019-2030)

Chapter 14. Germany Market

14.1. Overview
14.2. Market Volume, by Type (2019-2030)
14.3. Market Revenue, by Type (2019-2030)
14.4. Market Volume, by Power Supply (2019-2030)
14.5. Market Revenue, by Power Supply (2019-2030)
14.6. Market Volume, by Application (2019-2030)
14.7. Market Revenue, by Application (2019-2030)

Chapter 15. France Market

15.1. Overview
15.2. Market Volume, by Type (2019-2030)
15.3. Market Revenue, by Type (2019-2030)
15.4. Market Volume, by Power Supply (2019-2030)
15.5. Market Revenue, by Power Supply (2019-2030)
15.6. Market Volume, by Application (2019-2030)
15.7. Market Revenue, by Application (2019-2030)

Chapter 16. U.K. Market

16.1. Overview
16.2. Market Volume, by Type (2019-2030)
16.3. Market Revenue, by Type (2019-2030)
16.4. Market Volume, by Power Supply (2019-2030)
16.5. Market Revenue, by Power Supply (2019-2030)
16.6. Market Volume, by Application (2019-2030)
16.7. Market Revenue, by Application (2019-2030)

Chapter 17. Italy Market

17.1. Overview
17.2. Market Volume, by Type (2019-2030)
17.3. Market Revenue, by Type (2019-2030)
17.4. Market Volume, by Power Supply (2019-2030)
17.5. Market Revenue, by Power Supply (2019-2030)
17.6. Market Volume, by Application (2019-2030)
17.7. Market Revenue, by Application (2019-2030)

Chapter 18. Spain Market

18.1. Overview
18.2. Market Volume, by Type (2019-2030)
18.3. Market Revenue, by Type (2019-2030)
18.4. Market Volume, by Power Supply (2019-2030)
18.5. Market Revenue, by Power Supply (2019-2030)
18.6. Market Volume, by Application (2019-2030)
18.7. Market Revenue, by Application (2019-2030)

Chapter 19. Japan Market

19.1. Overview
19.2. Market Volume, by Type (2019-2030)
19.3. Market Revenue, by Type (2019-2030)
19.4. Market Volume, by Power Supply (2019-2030)
19.5. Market Revenue, by Power Supply (2019-2030)
19.6. Market Volume, by Application (2019-2030)
19.7. Market Revenue, by Application (2019-2030)

Chapter 20. China Market

20.1. Overview
20.2. Market Volume, by Type (2019-2030)
20.3. Market Revenue, by Type (2019-2030)
20.4. Market Volume, by Power Supply (2019-2030)
20.5. Market Revenue, by Power Supply (2019-2030)
20.6. Market Volume, by Application (2019-2030)
20.7. Market Revenue, by Application (2019-2030)

Chapter 21. India Market

21.1. Overview
21.2. Market Volume, by Type (2019-2030)
21.3. Market Revenue, by Type (2019-2030)
21.4. Market Volume, by Power Supply (2019-2030)
21.5. Market Revenue, by Power Supply (2019-2030)
21.6. Market Volume, by Application (2019-2030)
21.7. Market Revenue, by Application (2019-2030)

Chapter 22. Australia Market

22.1. Overview
22.2. Market Volume, by Type (2019-2030)
22.3. Market Revenue, by Type (2019-2030)
22.4. Market Volume, by Power Supply (2019-2030)
22.5. Market Revenue, by Power Supply (2019-2030)
22.6. Market Volume, by Application (2019-2030)
22.7. Market Revenue, by Application (2019-2030)

Chapter 23. South Korea Market

23.1. Overview
23.2. Market Volume, by Type (2019-2030)
23.3. Market Revenue, by Type (2019-2030)
23.4. Market Volume, by Power Supply (2019-2030)
23.5. Market Revenue, by Power Supply (2019-2030)
23.6. Market Volume, by Application (2019-2030)
23.7. Market Revenue, by Application (2019-2030)

Chapter 24. Brazil Market

24.1. Overview
24.2. Market Volume, by Type (2019-2030)
24.3. Market Revenue, by Type (2019-2030)
24.4. Market Volume, by Power Supply (2019-2030)
24.5. Market Revenue, by Power Supply (2019-2030)
24.6. Market Volume, by Application (2019-2030)
24.7. Market Revenue, by Application (2019-2030)

Chapter 25. Mexico Market

25.1. Overview
25.2. Market Volume, by Type (2019-2030)
25.3. Market Revenue, by Type (2019-2030)
25.4. Market Volume, by Power Supply (2019-2030)
25.5. Market Revenue, by Power Supply (2019-2030)
25.6. Market Volume, by Application (2019-2030)
25.7. Market Revenue, by Application (2019-2030)

Chapter 26. Saudi Arabia Market

26.1. Overview
26.2. Market Volume, by Type (2019-2030)
26.3. Market Revenue, by Type (2019-2030)
26.4. Market Volume, by Power Supply (2019-2030)
26.5. Market Revenue, by Power Supply (2019-2030)
26.6. Market Volume, by Application (2019-2030)
26.7. Market Revenue, by Application (2019-2030)

Chapter 27. South Africa Market

27.1. Overview
27.2. Market Volume, by Type (2019-2030)
27.3. Market Revenue, by Type (2019-2030)
27.4. Market Volume, by Power Supply (2019-2030)
27.5. Market Revenue, by Power Supply (2019-2030)
27.6. Market Volume, by Application (2019-2030)
27.7. Market Revenue, by Application (2019-2030)

Chapter 28. U.A.E. Market

28.1. Overview
28.2. Market Volume, by Type (2019-2030)
28.3. Market Revenue, by Type (2019-2030)
28.4. Market Volume, by Power Supply (2019-2030)
28.5. Market Revenue, by Power Supply (2019-2030)
28.6. Market Volume, by Application (2019-2030)
28.7. Market Revenue, by Application (2019-2030)

Chapter 29. Competitive Landscape

29.1. List of Market Players and their Offerings
29.2. Competitive Benchmarking of Key Players
29.3. Product Benchmarking of Key Players
29.4. Recent Strategic Developments

Chapter 30. Company Profiles

30.1. Konecranes
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
30.2. Liebherr International Deutschland GmbH
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
30.3. Mantsinen Group Ltd. Oy
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
30.4. SANY Heavy Industry Ltd.
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
30.5. TNT Crane & Rigging Inc.
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
30.6. Anupam Industries Limited
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
30.7. KITO Corporation
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
30.8. Shantui International
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
30.9. ElectroMech Material Handling Systems (India) Pvt. Ltd.
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
30.10. Cargotec Corporation
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
30.11. Reva Industries Limited
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary

Chapter 31. Appendix

31.1. Abbreviations
31.2. Sources and References
31.3. Related Reports

Rubber Tired Gantry Crane Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)