Rubber Tired Gantry Crane Market Report by Type (8-Wheeler, 16-Wheeler), Power Supply (Diesel, Electric, Hybrid), Application (Construction, Oil and Gas, Shipbuilding, Power and Utilities, and Others), and Region 2024-2032
The global rubber tired gantry cranemarket size reached USD 1.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 2.1 Billion by 2032, exhibiting a growth rate (CAGR) of 3.75% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
USD 1.5 Billion
Market Forecast in 2032
USD 2.1 Billion
Market Growth Rate (2024-2032)
3.75%
A rubber-tired gantry (RTG) crane, also known as a transtainer, is a mobile gantry crane widely employed in intermodal operations for stacking or grounding containers. It is usually powered by electricity or diesel generator systems and can be controlled remotely. It has a rigid and stable steel structure that facilitates precise handling and smooth movements even at high speeds. It is also utilized to assemble heavy manufacturing components, position pipelines, and erect large, unbalanced structures. RTG cranes are designed for space-saving container terminals to enhance productivity, minimize downtime, and reduce costs. As a result, they are rapidly replacing traditional gantry cranes due to their excellent performance, mobility, and flexible operations.
Rubber Tired Gantry Crane Market Trends:
A significant increase in imports and exports via ships and cargo planes represents the primary factor driving the market growth. Additionally, the escalating demand for goods and raw materials and the rising trade activities between countries are accelerating product demand. Besides this, governments of various nations are taking several initiatives and making heavy investments in the development of port infrastructure and capacities. For instance, the expansion of the Panama Canal has increased the shipping container traffic across the globe, which, in turn, is catalyzing the demand for portable container handling equipment like RTG cranes. Moreover, several product innovations, such as the integration of RTG cranes with active load system (ALS) technology to enhance operational efficiency and container stability during transportation, are augmenting the product demand. Furthermore, there has been widespread adoption of electric RTG cranes due to the stringent air pollution and emission control regulations implemented by governments of different countries. Other factors, including rapid industrialization and globalization, flexible import-export taxation, and technological advancements, are also creating a positive market outlook.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global rubber tired gantry cranemarket report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on type, power supply and application.
Breakup by Type:
8-Wheeler
16-Wheeler
Breakup by Power Supply:
Diesel
Electric
Hybrid
Breakup by Application:
Construction
Oil and Gas
Shipbuilding
Power and Utilities
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Anupam Industries Limited, ASCOM SPA, Bedeschi S.p.A., Cargotec Oyj, Konecranes Oyj, Liebherr-International AG, Mi-Jack Products (Lanco International Inc.), Paul Vahle GmbH & Co. KG, Reva Industries India Pvt. Ltd., Sany Heavy Industry Co. Ltd, Shanghai Zhenhua Heavy Industries Company Limited and TNT Crane & Rigging.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
Billion USD
Segment Coverage
Type, Power Supply, Application, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
Anupam Industries Limited, ASCOM SPA, Bedeschi S.p.A., Cargotec Oyj, Konecranes Oyj, Liebherr-International AG, Mi-Jack Products (Lanco International Inc.), Paul Vahle GmbH & Co. KG, Reva Industries India Pvt. Ltd., Sany Heavy Industry Co. Ltd, Shanghai Zhenhua Heavy Industries Company Limited and TNT Crane & Rigging.
Customization Scope
10% Free Customization
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global rubber tired gantry crane market was valued at USD 1.5 Billion in 2023.
We expect the global rubber tired gantry crane market to exhibit a CAGR of 3.75% during 2024-2032.
The rising utilization of rubber tired gantry crane to enhance productivity, minimize downtime, and reduce costs for space-saving container terminals is primarily driving the global rubber tired gantry crane market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary halt in the import and export activities, thereby limiting the demand for rubber tired gantry cranes.
Based on the type, the global rubber tired gantry crane market can be categorized into 8-wheeler and 16-wheeler. Currently, 16-wheeler exhibits clear dominance in the market.
Based on the power supply, the global rubber tired gantry crane market has been segmented into diesel, electric, and hybrid, where diesel currently holds the largest market share.
Based on the application, the global rubber tired gantry crane market can be bifurcated into construction, oil and gas, shipbuilding, power and utilities, and others. Among these, the construction sector accounts for the majority of the total market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
Some of the major players in the global rubber tired gantry crane market include Anupam Industries Limited, ASCOM SPA, Bedeschi S.p.A., Cargotec Oyj, Konecranes Oyj, Liebherr-International AG, Mi-Jack Products (Lanco International Inc.), Paul Vahle GmbH & Co. KG, Reva Industries India Pvt. Ltd., Sany Heavy Industry Co. Ltd, Shanghai Zhenhua Heavy Industries Company Limited, and TNT Crane & Rigging.
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