Rubber Tired Gantry Crane Market - By Share, Price, Trends, Analysis, Growth And Outlook Report 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Rubber Tired Gantry Crane Global Market Report 2023 identifies an increase in seaborne trade as the major driver for the Rubber Tired Gantry Crane market's growth in the forecast period. A rubber-tired gantry crane is a moving gantry crane commonly used in seaports for loading, unloading, and stacking containers that allow easy handling of cargo in the seaborne trade. So, an increase in seaborne trade has increased the use of rubber-tired gantry cranes in seaports for easy handling of heavy containers used in shipping via water. For instance, according to the United Nations Conference on Trade and Development (UNCTAD), a Switzerland-based intergovernmental organization intended to promote the interests of developing states in world trade, around 4.4 billion tons of cargo were loaded into Asian ports in 2020.

The global rubber tired gantry crane market size will grow from $1.18 billion in 2022 to $1.27 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global rubber tired gantry crane is expected to grow to $1.61 billion in 2027 at a CAGR of 6.2%.

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Major competitors in the Rubber Tired Gantry Crane market are Anupam Industries Limited, KONE Corporation's Container Handling, Liebherr-International AG, Konecranes and Demag Private Limited.

A key trend in the Rubber Tired Gantry Crane market includes technological advancement. Major companies operating in the rubber tired gantry crane market are focused on developing technologically advanced products to strengthen their market position. For instance, in June 2021, Kalmar, a part of Cargotec Corporation, a Finland-based company operating in rubber-tired gantry cranes, launched a new range of gantry cranes with energy regenerative technology. Regenerative technology is an energy-restoring mechanism of machinery that is capable of storing and using energy during changes in operations and reduces the use of fuel in operation as compared to other normal machinery. The regenerative system on the Kalmar Hybrid RTG is able to gather and store energy from brakes, container handling, gantry movements, and other activities and use it in future operations, reducing fuel usage by 64% and increasing productivity.

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The Rubber Tired Gantry Crane market is segmented -

• By Type: 8-Wheeler, 16-Wheeler
• By Power Supply: Diesel, Electric, Hybrid, Other Power Supplies
• By Application: Construction, Oil and Gas, Shipbuilding, Power and Utilities, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Rubber Tired Gantry Crane market.

The Business Research Company's "Global Rubber Tired Gantry Crane Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Rubber Tired Gantry Crane Market Include:

1. Executive Summary
2. Rubber-Tired Gantry Crane Market Characteristics
3. Rubber-Tired Gantry Crane Market Trends And Strategies
4. Rubber-Tired Gantry Crane Market - Macro Economic Scenario
5. Rubber-Tired Gantry Crane Market Size And Growth
……………………………………
26. Africa Rubber-Tired Gantry Crane Market
27. Rubber-Tired Gantry Crane Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Rubber-Tired Gantry Crane Market
29. Rubber-Tired Gantry Crane Market Future Outlook and Potential Analysis
30. Appendix

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