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Rubber Tired Gantry Crane Market Report and Forecast 2024-2032

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    Report

  • 156 Pages
  • May 2024
  • Region: Global
  • Expert Market Research
  • ID: 5973795
According to the report, the global rubber tired gantry crane market size reached approximately USD 1.52 billion in 2023. Aided by the increasing development of port infrastructure, the market is projected to grow at a CAGR of 4.7% between 2024 and 2032, reaching a value of around USD 2.31 billion by 2032.

A rubber tired gantry crane (RTG crane) is a mobile crane used for stacking and moving intermodal containers within a container terminal, port, or rail yard. Unlike fixed cranes, RTG cranes are mounted on rubber tyres, which allows them to move easily across the terminal to stack or move containers.

The interconnection between the rubber tired gantry crane market and global trade is profound. As economies worldwide continue to integrate and trade barriers are reduced, the volume of goods transported across borders is on a steady rise. This increase in trade volume directly correlates with heightened demand for containerised cargo handling. RTG cranes, known for their efficiency in loading and unloading containers, are becoming increasingly indispensable in ports and terminals. As global trade continues to expand, the reliance on RTG cranes is expected to grow, driving the demand for these cranes in the international market.

The rubber tired gantry crane market is at the forefront of technological innovation. As the market seeks to enhance operational efficiency and reduce environmental impact, advancements such as electrification, automation, and remote monitoring are becoming increasingly prevalent. Electrification reduces the reliance on diesel fuel, leading to lower emissions and operational costs. Automation enhances precision and speed in container handling, while remote monitoring allows for real-time tracking of crane performance and maintenance needs. These technological advancements are not only improving the functionality of RTG cranes but are also making them more sustainable and cost-effective.

Governments and port authorities are investing heavily in modernising and expanding ports to ensure they can handle the growing demand. The expansion of global trade significantly propels the rubber tired gantry crane market growth as it necessitates the development of port infrastructure to accommodate the increasing volumes of cargo. RTG cranes are a critical component of this infrastructure development. Their ability to stack containers efficiently makes them essential for optimising space utilisation in ports. As port infrastructure continues to evolve to meet the demands of global trade, the role of RTG cranes in these developments remains pivotal.

Operational efficiency is a key focus area for ports and terminal operators. Reducing turnaround times and operational costs is crucial for maintaining competitiveness in the global market. RTG cranes play a vital role in achieving these efficiency goals. Their ability to quickly and accurately stack containers helps minimise delays and maximise throughput. Furthermore, advancements in RTG crane technology are enabling even greater levels of efficiency, making them an indispensable tool for ports and terminals aiming to streamline their operations.

In the rubber tired gantry crane market, the 16-wheeler variant is poised to capture a substantial market share due to its cost-effective maintenance and spare parts. This type of crane is not only more economical to operate, but it also offers enhanced safety features and manoeuvrability for drivers. These cranes are particularly suitable for large manufacturing units, handling cylindrical components, building unbalanced structures, and positioning pipelines, among other applications.

The Asia Pacific rubber tired gantry crane market is expected to experience significant growth during the forecast period. This growth is largely driven by the presence of major manufacturers in the region and their increased investments in research and development activities. These efforts are aimed at producing technologically advanced equipment that can meet the evolving needs of the market. Additionally, the rising transportation of iron ore and coal in several developing countries within the region is a testament to the increasing industrialisation and urbanisation.

Market Segmentation

The global rubber tired gantry crane market can be divided based on type, power supply, and region.

Market Breakup by Type

  • 8-Wheeler
  • 16-Wheeler

Market Breakup by Power Supply

  • Diesel
  • Electric
  • Hybrid

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global rubber tired gantry crane market. Some of the major players explored in the report are as follows:
  • Liebherr Group
  • Konecranes
  • Mi-Jack Products, Inc.
  • SANY Group
  • Bedeschi S.p.A.
  • ASCOM SPA
  • ElectroMech Material Handling Systems Pvt Ltd.
  • Cargotec Corporation
  • Henan Yuantai Crane Machinery Import & Export Co,. Ltd.
  • Anupam Industries Limited
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Rubber Tired Gantry Crane Market Analysis
8.1 Key Industry Highlights
8.2 Global Rubber Tired Gantry Crane Historical Market (2018-2023)
8.3 Global Rubber Tired Gantry Crane Market Forecast (2024-2032)
8.4 Global Rubber Tired Gantry Crane Market by Type
8.4.1 8-Wheeler
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 16-Wheeler
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Rubber Tired Gantry Crane Market by Power Supply
8.5.1 Diesel
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Electric
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Hybrid
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Rubber Tired Gantry Crane Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Rubber Tired Gantry Crane Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Rubber Tired Gantry Crane Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Rubber Tired Gantry Crane Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Rubber Tired Gantry Crane Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Rubber Tired Gantry Crane Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Liebherr Group
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Konecranes
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Mi-Jack Products, Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 SANY Group
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Bedeschi S.p.A.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 ASCOM SPA
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 ElectroMech Material Handling Systems Pvt Ltd.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Cargotec Corporation
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Henan Yuantai Crane Machinery Import & Export Co,. Ltd.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Anupam Industries Limited
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Rubber Tired Gantry Crane Market: Key Industry Highlights, 2018 and 2032
2. Global Rubber Tired Gantry Crane Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Rubber Tired Gantry Crane Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Rubber Tired Gantry Crane Historical Market: Breakup by Power Supply (USD Billion), 2018-2023
5. Global Rubber Tired Gantry Crane Market Forecast: Breakup by Power Supply (USD Billion), 2024-2032
6. Global Rubber Tired Gantry Crane Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Rubber Tired Gantry Crane Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Rubber Tired Gantry Crane Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Rubber Tired Gantry Crane Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Rubber Tired Gantry Crane Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Rubber Tired Gantry Crane Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Rubber Tired Gantry Crane Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Rubber Tired Gantry Crane Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Rubber Tired Gantry Crane Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Rubber Tired Gantry Crane Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Rubber Tired Gantry Crane Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Rubber Tired Gantry Crane Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Rubber Tired Gantry Crane Market Structure

Companies Mentioned

  • Liebherr Group
  • Konecranes
  • Mi-Jack Products, Inc.
  • SANY Group
  • Bedeschi S.p.A.
  • ASCOM SPA
  • ElectroMech Material Handling Systems Pvt Ltd.
  • Cargotec Corporation
  • Henan Yuantai Crane Machinery Import & Export Co,. Ltd.
  • Anupam Industries Limited

Methodology

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Table Information