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How Large Will the Rubber Tired Gantry Crane Market Size By 2025?

The market size for rubber tired gantry cranes has consistently expanded over the recent years. A rise from $1.25 billion in 2024 to $1.3 billion in 2025 is forecasted, showcasing a compound annual growth rate (CAGR) of 4.1%. Several factors have contributed to this growth during the historic period, such as the increase in containerized cargo, advancements in container terminals, the modernization and extension of ports, as well as the implementation of automation processes within ports.

How Big Is the Rubber Tired Gantry Crane Market Size Expected to Grow by 2029?

The market for rubber tired gantry cranes is poised for significant expansion in the upcoming years, with projections showing a growth up to $1.62 billion by 2029, equating to a compound annual growth rate (CAGR) of 5.8%. Factors contributing to this robust growth during the projected period encompass energy efficiency and eco-friendliness, enlargement of e-commerce, investments in port infrastructure, increment in global trade, remote operation and connectivity, hybrid and other alternative power sources. The forecast period is also expected to witness major trends such as intelligent ports and digitalization, telematics and remote surveillance, augmented reality (AR) and virtual reality (VR) testing, remote diagnostics and tests, compatibility with electric and autonomous operations, and AI-driven testing.

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Which Key Market Drivers Powering Rubber Tired Gantry Crane Market Expansion and Growth?

The expansion of the rubber-tired gantry crane market is predicted to be driven by the rise in seaborne trade. This type of mobile gantry crane, typically used in seaports for loading, unloading, and arranging containers, simplifies cargo handling in maritime commerce. Thus, as seaborne trade grows, so does the utilization of rubber-tired gantry cranes in seaports for the efficient management of heavy containers involved in waterborne transport. For example, the International Maritime Trade report projects that international seaborne commerce will attain a volume of 12,027 million tons in 2022. Hence, the burgeoning seaborne trade is fueling the expansion of the rubber-tired gantry crane market.

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Which Fast-Growing Trends Are Poised to Disrupt the Rubber Tired Gantry Crane Market?

Key players in the rubber-tired gantry crane market are introducing cutting-edge products like hydrogen fuel cell rubber-tire gantry cranes to enhance energy efficiency in container management tasks. A hydrogen fuel cell rubber-tire gantry crane (RTG) is a mobile crane that uses hydrogen fuel cell technology, offering sustainable and effective material handling in the logistics and shipping sectors. For example, in May 2024, Paceco, a US-based firm specializing in container handling machinery, joined forces with Mitsui E&S, a Japanese heavy industries enterprise, to debut the H2-ZE RTG transtainer crane. This is a zero-emission rubber-tired crane, which completely removes carbon emissions and decreases noise pollution. The crane functions independently from the electricity grid for as much as 16 hours each day, delivering efficiency on par with traditional diesel or hybrid RTG cranes. The innovative fuel-cell power pack (FCPP) feature of the crane allows for the adaptation of existing diesel RTGs to achieve zero emissions, which underscores a considerable evolution in environment-friendly port technology.

What Are the Emerging Segments in the Rubber Tired Gantry Crane Market?

The rubber tired gantry crane market covered in this report is segmented -

1) By Type: 8-Wheeler, 16-Wheeler

2) By Power Supply: Diesel, Electric, Hybrid, Other Power Supplies

3) By Application: Construction, Oil And Gas, Shipbuilding, Power and Utilities, Other Applications

Subsegments:

1) By 8-Wheeler: Standard 8-Wheeler RTG, Heavy-Duty 8-Wheeler RTG

2) By 16-Wheeler RTG: Standard 16-Wheeler RTG, Heavy-Duty 16-Wheeler RTG

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Who Are the Global Leaders in the Rubber Tired Gantry Crane Market?

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, Tere*x 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.

Which are the Top Profitable Regional Markets for the Rubber Tired Gantry Crane Industry?

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

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