The Rubber Tire Gantry (RTG) Cranes Market are hoisting equipment usually used in port terminals to move shipping containers from one location to another. However, most RTGs are operated inefficiently; hence a high energy cost is incurred. A rubber Tire gantry (RTG) crane is a type of mobile machinery used for moving and stacking storage containers found in container ports[. Its main components include crane frame, power transmission system, lifting mechanism, crane traveling mechanism, trolley traveling mechanism, and telescopic spreader. The trolley is equipped with a lifting tool and moves along its track set on the main beams to load, unload and stack containers; the crane with Tires travels around the stockyard, or other workplaces, and moves flexibly from one work site to another. With its flexibility and smooth movement, it is commonly used in stockyards and other places where box-shaped storage containers are used, and the crane can lift and move the containers from one place to another quickly and safely.  

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The key companies profiled in the rubber tired gantry cranes market include Anupam Industries Limited, Electromech material handling systems (India) Pvt. Ltd, Kalmar, Konecranes, Liebherr, Mi-Jack Products, Reva Industries Ltd, Shanghai Zhenhua Heavy Industries CO., Ltd, TNT Crane & Rigging, and Sany Group. Several other players are also functioning in the market worldwide, contributing significant revenue shares year on year.  

The Rubber Tire Gantry (RTG) cranes are hoisting equipment usually used in port terminals to move shipping containers from one location to another. However, most RTGs are operated inefficiently; hence a high energy cost is incurred. A rubber Tire gantry (RTG) crane is a type of mobile machinery used for moving and stacking storage containers found in container ports[. Its main components include crane frame, power transmission system, lifting mechanism, crane traveling mechanism, trolley traveling mechanism, and telescopic spreader. The trolley is equipped with a lifting tool and moves along its track set on the main beams to load, unload and stack containers; the crane with Tires travels around the stockyard, or other workplaces, and moves flexibly from one work site to another. With its flexibility and smooth movement, it is commonly used in stockyards and other places where box-shaped storage containers are used, and the crane can lift and move the containers from one place to another quickly and safely.  

In 2019, Europe led the global rubber Tire gantry crane market with approximately 37% share of the market, followed by MEA, and APAC. In terms of growth, APAC is anticipated to be the fastest-growing region with an impressive CAGR of 5.30% during 2020–2027. In North America, US held the largest market share in the region as the country is focused towards development of ports infrastructure. The rising trend of transshipments has led to the development of port infrastructure in regions like North America due to the rise in container traffic. Also, in North America, The U.S. Department of Transportation (DOT) has announced $292.7 million in discretionary grant funding through the new Port Infrastructure Development Program, which is expected to boost the rubber Tire gantry crane market.  

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