Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/rubber-tired-gantry-rtg-crane-
market
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.
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
•
o U.S.
o Canada
Europe
o
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