The Rubber Tired Gantry Crane Market is to reach $2.5 Billion by 2030; Increasing adoption of electric and hybrid RTG cranes to propel the growth of Rubber Tired Gantry Crane market.

The Rubber Tired Gantry Crane Market size is estimated to reach $2.5 Billion by 2030, growing at a CAGR of 4.8% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Rubber Tired Gantry Crane Market – By Type (8-Wheeler, 16-Wheeler), By Power Supply (Diesel, Electric, Hybrid), By Application (Construction, Oil & Gas, Shipbuilding, Power & Utilities, Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”.

In the Rubber Tired Gantry Crane Market forecast, Europe is estimated to grow with a CAGR of 5.3% during the forecast period 2024-2030, driven by increasing trade activities and a focus on efficient cargo handling. High adoption of eco-friendly and electrified RTGs in ports across Western Europe aligns with environmental regulations, promoting sustainable practices. Additionally, the European Union’s support for enhancing regional logistics and supply chain networks has accelerated demand for RTGs. Innovations in automation technology, such as remote operation and real-time data analytics, contribute to improved efficiency and reduced operational costs. Key players in Europe leverage these trends to offer technologically advanced RTG solutions, meeting the region’s demand for optimized and eco-conscious port equipment.