Global Rubber Tired Gantry Crane Market Report and Forecast 2024-2032

Global Rubber Tired Gantry Crane Market Outlook

The global rubber tired gantry crane market size reached approximately USD 1.52 billion in 2023. The market is further projected to grow at a CAGR of 4.7% between 2024 and 2032, reaching a value of USD 2.31 billion by 2032.

Key Trends in the Rubber Tired Gantry Crane Market

A rubber tired gantry crane refers to a mobile gantry crane that operates to stack and ground intermodal containers. These cranes are suitable for usage in outdoor applications and can traverse large distances at a rapid rate while handling heavy cargo.

• The rising demand for coal and iron ore due to rapid urbanisation and industrialisation is bolstering the rubber tired gantry crane market growth. The gantry cranes aid in easy transportation of the materials due to their high stacking density which allows them to maximise terminal space utilisation.

• The increasing popularity of electric rubber tired gantry cranes owing to their ability to reduce hazardous emissions and wastes is providing lucrative growth opportunities to the market. Additionally, the installation of electric cranes reduces fuel consumption which aids in cost savings.

• The integration of smart technologies with cranes by various manufacturers is supporting the market expansion. These technologies include automated gantry steering for troubleshooting, analysing, and managing the productivity and status of the equipment and remote monitoring.

Global Rubber Tired Gantry Crane Market Analysis

On the basis of type, the market is bifurcated into 8-wheeler and 16-wheeler. Based on power supply, the market is divided into diesel, electric, and hybrid. On the basis of region, the rubber tired gantry crane market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• 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

Rubber Tired Gantry Crane Market Share by Type

The 16-wheeler is expected to account for a significant rubber tired gantry crane market share owing to the comparatively lower costs of maintenance and spare parts. Additionally, the 16-wheeler rubber tired gantry crane offers enhanced driver safety and manoeuvrability. These cranes are used for large manufacturing units, cylindrical components, building unbalanced structures, and positioning pipelines, among others.

Rubber Tired Gantry Crane Market Share by Region

The Asia Pacific is anticipated to witness significant growth over the forecast period. This growth can be attributed to the prominent presence of various major manufacturers in the region and increasing investments towards research and development activities for the production of technologically advanced equipment. The rising transportation of iron ore and coal in various developing countries due to increasing industrialisation and urbanisation in the region are bolstering the rubber tired gantry crane market demand.

Competitive Landscape

Liebherr Group, headquartered in Bulle, canton of Fribourg, Switzerland, is one of the leading construction equipment manufacturing companies that provides user-oriented and high-quality products and services for their customers. The company specialises in earth moving technologies, rubber tired gantry cranes, and maritime cranes, among others.

Konecranes, headquartered in Hyvinkaa, Finland, is known for providing material handling solutions to a wide range of customers across different industries. The company specialises in rubber tired gantry cranes, crane maintenance, process cranes, machine tool service, and remote data monitoring, among others.

Mi-Jack Products, Inc., headquartered in Illinois, United States, is one of the global leaders in innovative container handling solutions. The products provided by the company range from rubber tired gantry cranes, travelifts, and translifts, among others. The company is dedicated towards providing versatile, durable, and advanced products to their customers.

Other rubber tired gantry crane market key players include SANY Group, Bedeschi S.p.A., ASCOM SPA, ElectroMech Material Handling Systems Pvt Ltd., Cargotec Corporation, Henan Yuantai Crane Machinery Import & Export Co,. Ltd., and Anupam Industries Limited, among others.

Key Highlights of the Report