Press release
Rubber Tired Gantry Crane Market Forecast: Impressive Growth Fueled by CAGR of 5.8%, Adoption of Automation and Expansion of E-commerce
Rubber Tired Gantry Crane Market
The rubber tired gantry crane market is predicted to witness steady growth due to containerized cargo, port modernization, automation, increases in e-commerce, and other critical factors.
What Is The Projected Market Size Of The Global Rubber Tired Gantry Crane Market And Its Growth Rate?
The rubber tired gantry crane market shows promising prospects:
• The market size ballooned from $1.25 billion in 2024 to $1.3 billion in 2025, marking a compound annual growth rate (CAGR) of 4.1%.
• The forecast for the market size in 2029 is a notable $1.62 billion with a CAGR of 5.8%.
• Key factors driving this growth are energy efficiency, environmental concerns, expansion of e-commerce, port infrastructure investments, global trade growth, and more.
• Major trends include smart ports and digitalization, telematics and remote monitoring, AR and VR testing among others.
What Is Driving The Growth In The Rubber Tired Gantry Crane Market?
The growth in the rubber tired gantry crane market is largely propelled by an increase in seaborne trade. As this mobile crane is commonly used at seaports for loading, unloading, and stacking containers, the increase in seaborne trade directly correlates with the demand and use of these cranes. For instance, the volume of international seaborne trade is expected to reach 12,027 million tons in 2022, stimulating the market growth significantly.
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Who Are the Key Players Driving Rubber Tired Gantry Crane Market Growth?
Key players in the 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. and others.
What Are The Key Trends In The Rubber Tired Gantry Crane Market?
Key trends 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
What Are The Segments Of The Global Rubber Tired Gantry Crane Market?
The market can be segmented as follows:
• 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
Which Region Leads The Rubber Tired Gantry Crane Market?
Asia-Pacific held the largest share in the rubber-tired gantry crane market in 2024. The Middle East is projected to be the fastest-growing region in the forecast period. The regions covered in the market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Rubber Tired Gantry Crane Market Global Market Report?
- Market Size Analysis: Analyze the Rubber Tired Gantry Crane Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Rubber Tired Gantry Crane Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Rubber Tired Gantry Crane Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Rubber Tired Gantry Crane Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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