Aug 27, 2020   SOURCE: BusinessWire

Global Rubber Tired Gantry Crane Markets, 2020-2027 - COVID-19 Impact Analysis by Type, Power Supply and Region - ResearchAndMarkets.com

The "Rubber Tired Gantry Crane Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Type, Power Supply" report has been added to ResearchAndMarkets.com's offering.

The global rubber tired gantry crane market was valued at US$ 907.79 million in 2019 and is projected to reach US$ 1,168.17 million by 2027; it is expected to grow at a CAGR of 3.67% from 2020 to 2027.

Based on type, the rubber tired gantry crane market is categorized into 8-wheeler and 16-wheeler. In 2019, the 8-wheeler segment dominated the rubber tired gantry crane market. The demand for rubber tired gantry cranes is constantly rising. There are two types for each model - the 8W and 8WA for the 8-wheeler, and the 16W and 16WA for the 16-wheeler. The main differences between the two models are the design of the anti-sway system and the number of gantry wheels. The 16-tired RTG cranes require a larger travel area. Therefore, they cannot be used in tiny spaces, while 8-tired RTG cranes are preferred in smaller spaces.

Geographically, the rubber tired gantry crane market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East and Africa. Europe held the largest share of the global rubber tired gantry crane market, followed by Asia Pacific and North America, in 2019. Europe's ports have adopted electric RTGs for reducing pollution and greenhouse gas emissions. Government regulations in this region have enabled the adoption of electrical container handling equipment, such as carbon emission verification in maritime transportation. Also, financial transparency regarding port investments has enabled port authorities to invest strategically in port infrastructure.

European nations rank among the leading importers and exporters of commodities and goods. Europe accounts for a large volume of trade in products and assets, such as machinery, vehicles, aircraft, fuels, nonferrous metals, textiles, chemicals, clothing, and crude oils. Europe ranks first in trading owing to which the region leads the global market for rubber tired gantry cranes.

Anupam Industries Limited, Electromech Material Handling Systems (India) Pvt. Ltd., Kalmar, Konecranes, Liebherr, Mi-Jack Products, Reva Industries Ltd., Sany Group, and Shanghai Zhenhua Heavy Industries Co. Ltd. (ZPMC) are among the major players present in the global rubber tired gantry crane market.

Impact of the COVID-19 Pandemic

The COVID-19 outbreak has affected economies and industries in various countries as it has resulted in lockdowns, travel bans, and business shutdowns. The overall market breakdown due to COVID-19 is also affecting the growth of the rubber tired gantry crane market due to factory shutdowns, disrupted supply chain, and downturned global economy.

Key Topics Covered

1. Introduction

1.1 Study Scope

1.2 Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Rubber Tire gantry crane Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 North America - PEST Analysis

4.2.2 Asia-Pacific - PEST Analysis

4.2.3 Europe - PEST Analysis

4.2.4 Middle East & Africa - PEST Analysis

4.2.5 South America - PEST Analysis

4.3 Expert Opinion

5. Rubber Tire Gantry Crane Market - Key Market Dynamics

5.1 Market Drivers

5.1.1 Favourable Government Initiatives for the Development of Ports

5.1.2 Rise in Demand of Seaborne Trading

5.2 Market Restraints

5.2.1 Huge Cost of Installation and Maintenance Service of High Capacity Container Handling Equipment

5.3 Market Opportunity

5.3.1 Advancements in Technologies is Expected to Fuel the Market

5.4 Future Trends

5.4.1 Rising Focus Towards Green Technology

5.5 Impact Analysis

6. Rubber Tire Gantry Crane Market - Global Market Analysis

6.1 Rubber Tire Gantry Crane Market Overview

6.2 Rubber Tire Gantry Crane Market - Revenue and Forecast to 2027 (US$ Million)

6.3 Market Positioning - Global Key Players

7. Rubber Tired Gantry Crane Market Analysis - By Type

7.1 Overview

7.2 Rubber Tired Gantry Crane Market Breakdown, by Type, 2019 & 2027

7.3 8-wheeler

7.4 16-wheeler

8. Rubber Tired Gantry Crane Market Analysis - By Power Supply

8.1 Overview

8.2 Rubber Tired Gantry Crane Market Breakdown, by Power Supply, 2019 & 2027

8.3 Diesel

8.4 Electric

8.5 Hybrid

9. Rubber Tired Gantry Crane Market - Geographic Analysis

9.1 Overview

9.2 North America: Rubber Tired Gantry Crane Market

9.3 Europe: Rubber Tired Gantry Crane Market

9.4 SAM: Rubber Tired Gantry Crane Market

9.5 APAC: Rubber Tire Gantry Crane Market

9.6 MEA: Rubber Tire Gantry Crane Market

10. Impact of COVID-19 Outbreak

10.1 Overview

10.2 North America

10.3 Europe

10.4 Asia-Pacific

10.5 Middle East and Africa

10.6 South America

11. Industry Landscape

11.1 Overview

11.2 Market Initiatives

11.3 Mergers and Acquisitions

11.4 New Developments

12. Company Profiles

12.1 Anupam Industries Limited

12.2 Electromech Material Handling Systems (India) Pvt. Ltd.

12.3 Kalmar

12.4 Konecranes

12.5 Liebherr

12.6 Mi-Jack Products

12.7 Reva Industries Ltd.

12.8 Shanghai Zhenhua Heavy Industries Co. Ltd. (ZPMC)

12.9 TNT Crane & Rigging

12.10 Sany Group

For more information about this report visit https://www.researchandmarkets.com/r/es7ymp