A rubber tyred gantry crane is a mobile gantry crane that is used to move or carry heavy and large containers from one place to another. They are mounted on rubber tyres and therefore they can be easily moved from one section of the container yard to another. There are two types of rubber tyred gantry cranes. These include 8-wheeler and 16-wheeler. The major difference between these two types is the design of the anti-sway system and the number of gantry wheels. The 8-wheeler RTG cranes are preferred in smaller areas whereas, 16-wheeler RTG cranes require a larger travel area. RTG cranes are powered by diesel or electricity. They have a rigid and stable steel structure which enables good handling of containers at high speeds.

Market Scope and Structure Analysis

COVID-19 Impact Analysis

• COVID-19 pandemic has shut down the production of rubber tyred gantry crane attributed to the lockdown in countries worldwide this has hampered the growth of rubber tyred gantry crane from the last few months and is likely to grow in 2021.
• COVID-19 has already affected the sales of rubber tyred gantry crane in the second and third quarter of 2020 and is anticipated to grow in year 2021.
• The major demand for rubber tyred gantry crane was previously noticed from countries including the U.S., Germany, UK, and China which are negatively affected by the spread of the coronavirus thereby declining the demand for rubber tyred gantry crane.
• Further potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves rubber tyred gantry crane manufacturers can afford a full lockdown only for a few months after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce the expenses. Whereas few players also adopted employee lay-offs to sustain during the COVID-19 health crisis.
• Rubber Tyred Gantry Crane manufacturers are expected to focus on protecting their workforce operations and supply chains to respond to ward immediate crisis and find new ways of working after COVID-19 for instance provision of sanitizers maintaining social distancing as well as ensuring the vaccination of every employee in the company can assist in promoting the health and safety of the workforce.

Top Impacting Factors

There has been an increase in the trend of transhipments in emerging economic countries such as India, Columbia, China, which has led to growth and development of port infrastructure due to the rise in container traffic.

The Asia-Pacific region has witnessed a growth in inter-regional trade due to an increase in exports. This has led to surge in investment in the development of port infrastructure by the regional government. There is an increase in marine trade because of rapid industrialization, which leads to the growth of port infrastructure around the world. Ports in Europe are adopting rubber tyred gantry cranes to reduce pollution and greenhouse gas emissions. All these factors encourage the application of container handling equipment such as rubber tyred gantry cranes. Therefore, the rubber tyred gantry crane market is anticipated to grow in the upcoming years. However, high installation and high maintenance cost are expected to restrain the market growth.

Market trends

• There is an increase in the adoption of electrically powered rubber tyred gantry cranes to decrease contamination and release of glass house gas in Europe. This increase is also attributed to the applicable strict government guidelines in the country.

Key Segments Covered

Market by Product Type

• 8-wheel
• 16-wheel

Market by Power Supply

• Diesel
• Electric
• Hybrid

Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
• LAMEA
  • Brazil
  • Argentina
  • GGC
  • South Africa
  • Rest of LAMEA

Key Benefits of the Report

• This study presents the analytical depiction of the rubber tyred gantry crane along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the rubber tyred gantry crane market share.
• The current market is quantitatively analyzed from 2020 to 2030 to highlight the rubber tyred gantry crane market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed rubber tyred gantry crane market analysis based on competitive intensity and how the competition will take shape in coming years