Global Rubber Tired Gantry Crane Market to Reach US$ 2.1 Billion by 2032, Propelled by Rising Imports and Exports

February 23, 2023 | Heavy Industry

IMARC Group's latest report, titled “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," finds that the global rubber tired gantry crane market size reached US$ 1.5 Billion in 2023. A rubber-tired gantry (RTG) crane, or a transtainer, is a mobile gantry crane commonly used in intermodal operations for stacking or grounding containers. It can be remotely operated and is usually powered by electricity or diesel generator systems. It comprises a steel structure that is rigid and stable, enabling smooth movements even at high speeds and precision handling. It is used to position pipelines, assemble heavy manufacturing components, and erect large, unbalanced structures. It is designed for space-saving container terminals to increase productivity and reduce downtime and costs. As a result, RTG crane is gaining immense traction across the globe due to their superior performance, mobility, and flexible operations.

Global Rubber Tired Gantry Crane Market Trends:

Rising imports and exports through ships and cargo planes represent the primary factor driving the market growth. Moreover, governments of numerous countries are taking favorable initiatives and making heavy investments in developing port infrastructure and capacities, which in turn has augmented the product demand. Additionally, the increasing trade activities between nations and the escalating demand for goods and raw materials are other major growth-inducing factors. Besides this, various product innovations, including the integration of RTG cranes with active load system (ALS) technology to improve container stability and operational efficacy during transportation, have catalyzed the market growth. Apart from this, the shifting consumer preferences toward electric RTG cranes, as they offer better performance and can lift substantial loads, are propelling the market growth. Furthermore, there has been a rise in the adoption of electric RTG cranes due to the implementation of stringent government policies regarding air pollution and emission control. In line with this, the shifting focus of key players toward green technology is contributing to market growth. Other factors, including the increasing trend of transshipments, flexible import-export taxation, technological advancements, and rapid industrialization and globalization, are also anticipated to create a positive market outlook. Looking forward, IMARC Group expects the market value to reach US$ 2.1 Billion by 2032, expanding at a CAGR of 3.75% during 2024-2032.

Market Summary:

  • Based on the type, the market has been bifurcated into 8-wheeler and 16-wheeler. 
  • On the basis of the power supply, the market has been divided into diesel, electric, and hybrid. 
  • The market has been segregated based on the application into construction, oil and gas, shipbuilding, power and utilities, and others. 
  • Region-wise, the market has been segregated into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others) and Middle East and Africa.
  • The competitive landscape of the market has also been examined, with some 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 Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
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
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
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)

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Rubber Tired Gantry Crane Market to Reach US$ 2.1 Billion by 2032, Propelled by Rising Imports and Exports
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