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The rising trend towards electric rubber tyre gantry cranes backed by stringent governmental norms to reduce carbon and other harazdous emissions emitting from the equipment is a major factor driving this market. Also, from the demand side, port authorities are significantly investing in installing electric gantry cranes to reduce the operating costs and expand its port infrastructure to meet the growing demand. For instance, in January 2020, six electric rubber tyre gantry (RTG) cranes were integrated ABP’s Immingham Container Terminal at the port of Immingham to execute its expansion plans. Also, installation of elecric cranes will reduce fuel consumption by 95%. Apart from this, manufacturers providing energy storage solutions are also emphasizing to optimize or replace diesel system with electric for heavy industrial applications. For instance, in February 2018, Sterling PBES, a Energy Solutions provider installed and comissioned rubber tyre gantry crane with China Communications Construction Company (CCCC). This crane installation would be effective in emissions reductions and at the same time provide significant operational cost savings. Similarly, in June 2020, Klabin, Brazilian producer and exporter of packaging paper, concluded an agreement with Kalmar, part of Cargotec, to integrate three Zero Emission rubber-tyred gantry cranes to eliminate the need for hydraulic oil and produce no emissions or engine noise at source. Apart from this, key rubber gantry vendors are focusing on integrating advanced intutive technologies mainly SmartFleet remote monitoring solution, automated gantry steering solution to manage, troubleshoot and analyse the status, productivity and maintenance of the equipment. Also, to improve safety and operator performance while conducting picking and placing containers activity. However, the Novel Coronavirus outbreak has caused the shipping and maritime industry to face the worst circumstances with all kinds of cargos came to a standstill due to unavailability of workforces at dockyards and port stations to reduce the escalation of COVID-19. Additionally, less demand for cargos, disputes between owners and charters and lay time settlement, are some of the other factors which highly slashed this industry further slowing down the rubeer tired gantry cranes market.
Key Market Driver -
• Rising penetration of electric rubber tired gantry cranes is fueling the market growth • Massive investments by port and government authorities to expand the logistics infrastructure creating product demand
Key Market Restraint -
• Low loading capacity than rail mounted gantry cranes is limiting the market growth
Some of the key competitors in the track dumper market include SANY GROUP, Liebherr, Konecranes, ASCOM S.p.A., Bedeschi S.p.A., Bedeschi S.p.A., CARGOTEC, VAHLE, Shuttlelift, Sumitomo Heavy Industries Material Handling Systems Co.,Ltd., Cimolai Technology SPA, GH CRANES & COMPONENTS USA, and others.
Euope holds a dominant position in the rubber tired gantry cranes market owing to the stringent regulatory norms to reduce carbon emission furhter increasing peneration of electric RTGs. Also, large volume of trade observed in this region mainly machineries, automobiles spares and components, nonferrous metals, and massive investments by port authorities to expand the port infrastructure is further impacting on the market.
Followed by Europe, North America and Asia Pacific are anticipated to witness substantial growth in the forecast period. Th growth is likely to be driven by presence of major manufacturers operating in this region. Also, these key supplier invests heavily in research and development activities to introduce technologically advanced equipment.
The Middle East and Africa and South America are expected to have a high growth in the rubber tired gantry cranes market owing to rising trend of transshipments observed in developed and developing economies mainly Brazil, GCC, Columbia and other nations. Also, major suppliers are expanding its geographical presence in these economies to cater the unattended market and stay competitive in the global economy.
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