Rubber Tired Gantry Crane Market By Type , By Power Supply By Application : Global Opportunity Analysis and Industry Forecast, 2024-2033

Description

The rubber-tired gantry (RTG) cranes market was valued at $1.5 billion in 2022 and is estimated to reach $2.1 billion by 2032, exhibiting a CAGR of 3.75% from 2023 to 2032.

Rubber tired gantry crane is a specialized crane used for assembling containers in container storage yards. It is a commonly utilized crane in container handling operations at ports and container terminals. A traditional gantry crane is fixed to rails, whereas a rubber-tired gantry crane has rubber tires that allow them to move horizontally along predetermined paths within the container yard. This flexibility makes it easier to transfer containers between storage stacks and transportation vehicles such as trucks or rail cars.

The growth of the global rubber-tired gantry market is significantly driven by rise in container traffic and increase in sustainability initiatives, such as incorporation of cutting-edge technology and smart features, which plays a crucial role in minimizing the environmental impact of rubber-tired gantry cranes. One significant instance is implementation of automated gantry steering, which facilitates efficient troubleshooting, data analysis, and productivity improvement, boosting sustainability. Furthermore, technological progress has led to the conversion of the ocean terminal into an all-container facility. This facility accommodates two large vessels simultaneously, with the assistance of cutting-edge ship-to-shore cranes aiding the docking process. Thus, this technological initiative enhances the capacity of terminal and operational efficiency. However, high initial investment and limitations of space and infrastructure pose significant challenges for the market growth.

Contrarily, increase in need for eco-friendly port handling solutions is expected to offer lucrative opportunities for the market. This is attributed to rise in popularity of electric-powered rubber-tired gantry cranes. These rubber-tired gantry cranes make use of electric motors instead of traditional diesel engines, resulting in a significant decrease in emissions and environmental impact. By integrating renewable energy sources such as solar panels or battery storage systems, ports enhance the sustainability of their operations while gaining the advantages of cost savings and compliance with regulations. This shift toward environmentally friendly handling solutions aligns with environmental objectives and offers several opportunities to manufacturers and suppliers in the market.

Segmentation Overview

The rubber-tired gantry cranes market is segmented into type, power supply, application, and region. By type, the market is divided into 8-wheeler and 16-wheeler. As per power supply, it is segregated into diesel, electric, and hybrid. According to application, it is classified into construction, oil & gas, shipbuilding, power utilities, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings

By type, the 16-wheeler segment acquired the largest market share in 2022.

Depending on power supply, the electric segment gained the highest market share in 2022.

According to the application, the shipbuilding segment was the major shareholder in 2022.

Region wise, Asia-Pacific dominated the market in 2022.

Competitive Analysis

The major players operating in the rubber-tired gantry cranes market include Anupam Industries Limited, Electromech Material Handling Systems (India) Pvt. LTD., Cargotec, Konecranes, Liebherr-International Deutschland GmbH, Mi-Jack, Reva Industries Limited, SANY Group, Shanghai Zhenhua Heavy Industries Co., Ltd., and TNT Crane & Rigging. These players have adopted several tactics, including mergers & acquisitions, partnerships, new product development, and collaborations to strengthen their foothold in the competitive market.

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SWOT Analysis

Key Market Segments

By Type

8 Wheeler
16 Weeler

By Power Supply

Diesel
Electric
Hybrid

By Application

Construction
Oil and Gas
Shipbuilding
Power and Utilities
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- UK
- Russia
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Argentina
- Rest of Latin America
Middle East and Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa

Key Market Players:

Anupam Industries Limited
Electromech Material Handling Systems (India) Pvt. Ltd.
Cargotec
Konecranes
Liebherr-International Deutschland GmbH
Mi-Jack
Reva Industries Limited
SANY Group
Shanghai Zhenhua Heavy Industries Co., Ltd.
TNT Crane & Rigging

Product Code: A13965

CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
- 1.4.1. Primary Research
- 1.4.2. Secondary Research
- 1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
- 3.2.1. Top Investment Pockets
- 3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
- 3.3.1. Bargaining Power of Suppliers
- 3.3.2. Threat of New Entrants
- 3.3.3. Threat of Substitutes
- 3.3.4. Competitive Rivalry
- 3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities

CHAPTER 4: RUBBER TIRED GANTRY CRANE MARKET, BY TYPE

4.1. Market Overview
- 4.1.1 Market Size and Forecast, By Type
4.2. 8 Wheeler
- 4.2.1. Key Market Trends, Growth Factors and Opportunities
- 4.2.2. Market Size and Forecast, By Region
- 4.2.3. Market Share Analysis, By Country
4.3. 16 Weeler
- 4.3.1. Key Market Trends, Growth Factors and Opportunities
- 4.3.2. Market Size and Forecast, By Region
- 4.3.3. Market Share Analysis, By Country

CHAPTER 5: RUBBER TIRED GANTRY CRANE MARKET, BY POWER SUPPLY

5.1. Market Overview
- 5.1.1 Market Size and Forecast, By Power Supply
5.2. Diesel
- 5.2.1. Key Market Trends, Growth Factors and Opportunities
- 5.2.2. Market Size and Forecast, By Region
- 5.2.3. Market Share Analysis, By Country
5.3. Electric
- 5.3.1. Key Market Trends, Growth Factors and Opportunities
- 5.3.2. Market Size and Forecast, By Region
- 5.3.3. Market Share Analysis, By Country
5.4. Hybrid
- 5.4.1. Key Market Trends, Growth Factors and Opportunities
- 5.4.2. Market Size and Forecast, By Region
- 5.4.3. Market Share Analysis, By Country

CHAPTER 6: RUBBER TIRED GANTRY CRANE MARKET, BY APPLICATION

6.1. Market Overview
- 6.1.1 Market Size and Forecast, By Application
6.2. Construction
- 6.2.1. Key Market Trends, Growth Factors and Opportunities
- 6.2.2. Market Size and Forecast, By Region
- 6.2.3. Market Share Analysis, By Country
6.3. Oil And Gas
- 6.3.1. Key Market Trends, Growth Factors and Opportunities
- 6.3.2. Market Size and Forecast, By Region
- 6.3.3. Market Share Analysis, By Country
6.4. Shipbuilding
- 6.4.1. Key Market Trends, Growth Factors and Opportunities
- 6.4.2. Market Size and Forecast, By Region
- 6.4.3. Market Share Analysis, By Country
6.5. Power And Utilities
- 6.5.1. Key Market Trends, Growth Factors and Opportunities
- 6.5.2. Market Size and Forecast, By Region
- 6.5.3. Market Share Analysis, By Country
6.6. Others
- 6.6.1. Key Market Trends, Growth Factors and Opportunities
- 6.6.2. Market Size and Forecast, By Region
- 6.6.3. Market Share Analysis, By Country

CHAPTER 7: RUBBER TIRED GANTRY CRANE MARKET, BY REGION

7.1. Market Overview
- 7.1.1 Market Size and Forecast, By Region
7.2. North America
- 7.2.1. Key Market Trends and Opportunities
- 7.2.2. Market Size and Forecast, By Type
- 7.2.3. Market Size and Forecast, By Power Supply
- 7.2.4. Market Size and Forecast, By Application
- 7.2.5. Market Size and Forecast, By Country
- 7.2.6. U.S. Rubber Tired Gantry Crane Market
  - 7.2.6.1. Market Size and Forecast, By Type
  - 7.2.6.2. Market Size and Forecast, By Power Supply
  - 7.2.6.3. Market Size and Forecast, By Application
- 7.2.7. Canada Rubber Tired Gantry Crane Market
  - 7.2.7.1. Market Size and Forecast, By Type
  - 7.2.7.2. Market Size and Forecast, By Power Supply
  - 7.2.7.3. Market Size and Forecast, By Application
- 7.2.8. Mexico Rubber Tired Gantry Crane Market
  - 7.2.8.1. Market Size and Forecast, By Type
  - 7.2.8.2. Market Size and Forecast, By Power Supply
  - 7.2.8.3. Market Size and Forecast, By Application
7.3. Europe
- 7.3.1. Key Market Trends and Opportunities
- 7.3.2. Market Size and Forecast, By Type
- 7.3.3. Market Size and Forecast, By Power Supply
- 7.3.4. Market Size and Forecast, By Application
- 7.3.5. Market Size and Forecast, By Country
- 7.3.6. France Rubber Tired Gantry Crane Market
  - 7.3.6.1. Market Size and Forecast, By Type
  - 7.3.6.2. Market Size and Forecast, By Power Supply
  - 7.3.6.3. Market Size and Forecast, By Application
- 7.3.7. Germany Rubber Tired Gantry Crane Market
  - 7.3.7.1. Market Size and Forecast, By Type
  - 7.3.7.2. Market Size and Forecast, By Power Supply
  - 7.3.7.3. Market Size and Forecast, By Application
- 7.3.8. UK Rubber Tired Gantry Crane Market
  - 7.3.8.1. Market Size and Forecast, By Type
  - 7.3.8.2. Market Size and Forecast, By Power Supply
  - 7.3.8.3. Market Size and Forecast, By Application
- 7.3.9. Russia Rubber Tired Gantry Crane Market
  - 7.3.9.1. Market Size and Forecast, By Type
  - 7.3.9.2. Market Size and Forecast, By Power Supply
  - 7.3.9.3. Market Size and Forecast, By Application
- 7.3.10. Rest of Europe Rubber Tired Gantry Crane Market
  - 7.3.10.1. Market Size and Forecast, By Type
  - 7.3.10.2. Market Size and Forecast, By Power Supply
  - 7.3.10.3. Market Size and Forecast, By Application
7.4. Asia-Pacific
- 7.4.1. Key Market Trends and Opportunities
- 7.4.2. Market Size and Forecast, By Type
- 7.4.3. Market Size and Forecast, By Power Supply
- 7.4.4. Market Size and Forecast, By Application
- 7.4.5. Market Size and Forecast, By Country
- 7.4.6. China Rubber Tired Gantry Crane Market
  - 7.4.6.1. Market Size and Forecast, By Type
  - 7.4.6.2. Market Size and Forecast, By Power Supply
  - 7.4.6.3. Market Size and Forecast, By Application
- 7.4.7. Japan Rubber Tired Gantry Crane Market
  - 7.4.7.1. Market Size and Forecast, By Type
  - 7.4.7.2. Market Size and Forecast, By Power Supply
  - 7.4.7.3. Market Size and Forecast, By Application
- 7.4.8. India Rubber Tired Gantry Crane Market
  - 7.4.8.1. Market Size and Forecast, By Type
  - 7.4.8.2. Market Size and Forecast, By Power Supply
  - 7.4.8.3. Market Size and Forecast, By Application
- 7.4.9. South Korea Rubber Tired Gantry Crane Market
  - 7.4.9.1. Market Size and Forecast, By Type
  - 7.4.9.2. Market Size and Forecast, By Power Supply
  - 7.4.9.3. Market Size and Forecast, By Application
- 7.4.10. Rest of Asia-Pacific Rubber Tired Gantry Crane Market
  - 7.4.10.1. Market Size and Forecast, By Type
  - 7.4.10.2. Market Size and Forecast, By Power Supply
  - 7.4.10.3. Market Size and Forecast, By Application
7.5. Latin America
- 7.5.1. Key Market Trends and Opportunities
- 7.5.2. Market Size and Forecast, By Type
- 7.5.3. Market Size and Forecast, By Power Supply
- 7.5.4. Market Size and Forecast, By Application
- 7.5.5. Market Size and Forecast, By Country
- 7.5.6. Brazil Rubber Tired Gantry Crane Market
  - 7.5.6.1. Market Size and Forecast, By Type
  - 7.5.6.2. Market Size and Forecast, By Power Supply
  - 7.5.6.3. Market Size and Forecast, By Application
- 7.5.7. Argentina Rubber Tired Gantry Crane Market
  - 7.5.7.1. Market Size and Forecast, By Type
  - 7.5.7.2. Market Size and Forecast, By Power Supply
  - 7.5.7.3. Market Size and Forecast, By Application
- 7.5.8. REST of Latin America Rubber Tired Gantry Crane Market
  - 7.5.8.1. Market Size and Forecast, By Type
  - 7.5.8.2. Market Size and Forecast, By Power Supply
  - 7.5.8.3. Market Size and Forecast, By Application
7.6. Middle East And Africa
- 7.6.1. Key Market Trends and Opportunities
- 7.6.2. Market Size and Forecast, By Type
- 7.6.3. Market Size and Forecast, By Power Supply
- 7.6.4. Market Size and Forecast, By Application
- 7.6.5. Market Size and Forecast, By Country
- 7.6.6. UAE Rubber Tired Gantry Crane Market
  - 7.6.6.1. Market Size and Forecast, By Type
  - 7.6.6.2. Market Size and Forecast, By Power Supply
  - 7.6.6.3. Market Size and Forecast, By Application
- 7.6.7. Saudi Arabia Rubber Tired Gantry Crane Market
  - 7.6.7.1. Market Size and Forecast, By Type
  - 7.6.7.2. Market Size and Forecast, By Power Supply
  - 7.6.7.3. Market Size and Forecast, By Application
- 7.6.8. South Africa Rubber Tired Gantry Crane Market
  - 7.6.8.1. Market Size and Forecast, By Type
  - 7.6.8.2. Market Size and Forecast, By Power Supply
  - 7.6.8.3. Market Size and Forecast, By Application
- 7.6.9. Rest of Middle East And Africa Rubber Tired Gantry Crane Market
  - 7.6.9.1. Market Size and Forecast, By Type
  - 7.6.9.2. Market Size and Forecast, By Power Supply
  - 7.6.9.3. Market Size and Forecast, By Application

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top Winning Strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top Player Positioning, 2023

CHAPTER 9: COMPANY PROFILES

9.1. Anupam Industries Limited
- 9.1.1. Company Overview
- 9.1.2. Key Executives
- 9.1.3. Company Snapshot
- 9.1.4. Operating Business Segments
- 9.1.5. Product Portfolio
- 9.1.6. Business Performance
- 9.1.7. Key Strategic Moves and Developments
9.2. Electromech Material Handling Systems (India) Pvt. Ltd.
- 9.2.1. Company Overview
- 9.2.2. Key Executives
- 9.2.3. Company Snapshot
- 9.2.4. Operating Business Segments
- 9.2.5. Product Portfolio
- 9.2.6. Business Performance
- 9.2.7. Key Strategic Moves and Developments
9.3. Cargotec
- 9.3.1. Company Overview
- 9.3.2. Key Executives
- 9.3.3. Company Snapshot
- 9.3.4. Operating Business Segments
- 9.3.5. Product Portfolio
- 9.3.6. Business Performance
- 9.3.7. Key Strategic Moves and Developments
9.4. Konecranes
- 9.4.1. Company Overview
- 9.4.2. Key Executives
- 9.4.3. Company Snapshot
- 9.4.4. Operating Business Segments
- 9.4.5. Product Portfolio
- 9.4.6. Business Performance
- 9.4.7. Key Strategic Moves and Developments
9.5. Liebherr-International Deutschland GmbH
- 9.5.1. Company Overview
- 9.5.2. Key Executives
- 9.5.3. Company Snapshot
- 9.5.4. Operating Business Segments
- 9.5.5. Product Portfolio
- 9.5.6. Business Performance
- 9.5.7. Key Strategic Moves and Developments
9.6. Mi-Jack
- 9.6.1. Company Overview
- 9.6.2. Key Executives
- 9.6.3. Company Snapshot
- 9.6.4. Operating Business Segments
- 9.6.5. Product Portfolio
- 9.6.6. Business Performance
- 9.6.7. Key Strategic Moves and Developments
9.7. Reva Industries Limited
- 9.7.1. Company Overview
- 9.7.2. Key Executives
- 9.7.3. Company Snapshot
- 9.7.4. Operating Business Segments
- 9.7.5. Product Portfolio
- 9.7.6. Business Performance
- 9.7.7. Key Strategic Moves and Developments
9.8. SANY Group
- 9.8.1. Company Overview
- 9.8.2. Key Executives
- 9.8.3. Company Snapshot
- 9.8.4. Operating Business Segments
- 9.8.5. Product Portfolio
- 9.8.6. Business Performance
- 9.8.7. Key Strategic Moves and Developments
9.9. Shanghai Zhenhua Heavy Industries Co., Ltd.
- 9.9.1. Company Overview
- 9.9.2. Key Executives
- 9.9.3. Company Snapshot
- 9.9.4. Operating Business Segments
- 9.9.5. Product Portfolio
- 9.9.6. Business Performance
- 9.9.7. Key Strategic Moves and Developments
9.10. TNT Crane And Rigging
- 9.10.1. Company Overview
- 9.10.2. Key Executives
- 9.10.3. Company Snapshot
- 9.10.4. Operating Business Segments
- 9.10.5. Product Portfolio
- 9.10.6. Business Performance
- 9.10.7. Key Strategic Moves and Developments