PUBLISHER: The Business Research Company | PRODUCT CODE: 1653341
PUBLISHER: The Business Research Company | PRODUCT CODE: 1653341
A rubber-tired gantry crane is a mobile gantry crane equipped with wheels that is operated from the ground. It is designed to lift heavy containers, facilitating loading, unloading, and stacking operations at container yards and seaports.
The main types of rubber-tired gantry cranes include 8-wheelers and 16-wheelers. The 8-wheeler is a smaller mobile gantry crane used for container handling at seaports. It features 8 wheels arranged in a configuration of 2 wheels in four corners, four in the rear, and two in the front. This type of crane is capable of lifting weights ranging from 24. 5 to 34. 8 tons. These cranes are powered by various sources, including diesel, electric, hybrid, and others. They find applications in industries such as construction, oil and gas, shipbuilding, power and utilities, and various other sectors.
The rubber tired gantry crane market research report is one of a series of new reports from The Business Research Company that provides rubber tired gantry crane market statistics, including global market size, regional shares, competitors with rubber tired gantry crane market share, detailed rubber tired gantry crane market segments, market trends, and opportunities, and any further data you may need to thrive in the rubber tired gantry crane industry. This rubber tired gantry crane market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The rubber tired gantry crane market size has grown steadily in recent years. It will grow from $1.25 billion in 2024 to $1.3 billion in 2025 at a compound annual growth rate (CAGR) of 4.1%. The growth in the historic period can be attributed to containerized cargo, growth of container terminals, port modernization and expansion, automation in ports.
The rubber tired gantry crane market size is expected to see strong growth in the next few years. It will grow to $1.62 billion in 2029 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to energy efficiency and environmental concerns, expansion of e-commerce, port infrastructure investments, global trade growth, remote operation and connectivity, hybrid and alternative power sources. Major trends in the forecast period include smart ports and digitalization, telematics and remote monitoring, augmented reality (AR) and virtual reality (VR) testing, remote diagnostics and testing, compatibility with electric and autonomous, ai-powered testing.
The anticipated growth in seaborne trade is poised to drive the expansion of the rubber-tired gantry crane market in the future. Rubber-tired gantry cranes, frequently utilized in seaports for container loading, unloading, and stacking, facilitate the efficient handling of cargo in maritime trade. The surge in seaborne trade has consequently elevated the utilization of these cranes in seaports, streamlining the handling of hefty containers involved in waterborne shipping. As an illustration, the International Maritime Trade report projects a volume of 12,027 million tons for international seaborne trade in 2022, emphasizing the pivotal role of seaborne trade growth in propelling the rubber-tired gantry crane market.
An increase in industrialization is anticipated to drive the growth of the rubber-tired gantry crane market in the coming years. Industrialization typically involves the construction and expansion of various manufacturing, processing, and production facilities that require a stable and consistent power supply for successful operation. This surge in industrialization has heightened the demand for goods and raw materials, significantly increasing trade volumes in developing regions and leading to investments in port infrastructure development, which positively influences the rubber-tired gantry crane market. For example, in July 2023, a report from the Federal Reserve Board, a US-based governmental organization, indicated that factory output rose by 1.5 percent year-on-year in the second quarter of 2023, driven by a remarkable 36.7 percent increase in motor vehicle and parts production during the same period. Thus, the rise in industrialization is propelling the growth of the rubber-tired gantry crane market.
Major companies in the rubber-tired gantry crane market are innovating products such as hydrogen fuel cell rubber-tire gantry cranes to enhance energy efficiency in container handling operations. A hydrogen fuel cell rubber-tire gantry crane (RTG) is a mobile crane powered by hydrogen fuel cell technology, offering sustainable and efficient material handling solutions in the logistics and shipping sectors. For example, in May 2024, Paceco, a US-based manufacturer of container handling machinery, partnered with Mitsui E&S, a Japan-based heavy industries firm, to introduce the H2-ZE RTG transtainer crane. This zero-emission rubber-tired crane eliminates carbon emissions and minimizes noise pollution. It can operate independently of the electricity grid for up to 16 hours a day, delivering efficiency levels similar to traditional diesel or hybrid RTG cranes. The crane's advanced fuel-cell power pack (FCPP) enables the retrofitting of existing diesel RTGs to achieve zero emissions, representing a significant advancement in sustainable port technology.
In January 2022, Mi-Jack Products, a US-based company specializing in rubber-tired gantry cranes and container handling machinery, successfully acquired Yardeye GmbH, a Germany-based manufacturer of rubber-tired gantry cranes. This strategic acquisition aims to fortify Mi-Jack Products' product portfolio in the field of rubber-tired gantry cranes and container handling machinery. Additionally, the company aims to establish itself as a leader in innovation and excellence, particularly in automation, work zone protection in intermodal terminals and ports, and the enhancement of collision avoidance systems (CAS). Yardeye GmbH's expertise and products are expected to contribute significantly to Mi-Jack Products' growth in these areas.
Major companies operating in the rubber tired gantry crane market include Anupam Industries Limited, KONE Corporation, Liebherr-International AG, Konecranes and Demag Private Limited, Reva Industries India Pvt. Ltd., Sany Heavy Industry India Private Limited, TNT Crane & Rigging Inc., Shanghai Zhenhua Heavy Industries Company Limited, ElectroMech Material Handling Systems (India) Pvt Ltd, Bedeschi SpA, Ascom SpA, Paul Vahle GmbH & Co. KG, Kalmar automation and integration solutions, Terex Corporation, Cargotec Corporation, Doosan Enerbility Co. Ltd, TCM Corporation Public Company Limited, ELME Spreader AB, RAM Spreaders, Paceco Corp., Shanghai Port Machinery Co. Ltd., Xuzhou Construction Machinery Group Co. Ltd., Bromma Conquip AB, HD Hyundai Heavy Industries Co. Ltd., Mi-Jack Products Inc., Dalian Huarui Heavy Industry Group Co. Ltd., Linde Material Handling, Noell Crane Systems GmbH, Hyster-Yale Materials Handling Inc.
Asia-Pacific was the largest region in the rubber tired gantry crane market in 2024. Middle East is expected to be the fastest-growing region in the forecast period. The regions covered in the rubber tired gantry crane market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the rubber tired gantry crane market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The rubber tired gantry crane market consists of sales of single-beam, double-beam, electric and hydraulic rubber-tired gantry crane. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Rubber Tired Gantry Crane Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on rubber tired gantry crane market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for rubber tired gantry crane ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The rubber tired gantry crane market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.