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The global rubber tired gantry crane market was valued at US$ 1.34 Billion in 2021.
We expect the global rubber tired gantry crane market to exhibit a CAGR of 4.40% during 2022-2027.
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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