Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Rubber Tired Gantry Crane Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Key Forecast Insights for the Rubber Tired Gantry Crane Market Growth?
The market size of the rubber tired gantry crane has been experiencing a consistent growth recently. The market is projected to increase from $1.25 billion in 2024 to $1.28 billion in 2025, with a compound annual growth rate (CAGR) of 3.0%.
What Is the Predicted Industry Size and CAGR of the Rubber Tired Gantry Crane Market in 2029?
The Rubber Tired Gantry Crane market is projected to reach a value of $1.55 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 4.8%.
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Which Factors Are Driving Growth in the Rubber Tired Gantry Crane Market?
The key drivers in the rubber tired gantry crane market are:
• The rise in energy efficiency and environmental concerns
• Expansion of e-commerce globally
• Investments in port infrastructure development
• Increase in global trade activities.
Which Segment Trends Are Covered in the Rubber Tired Gantry Crane Market Forecast?
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
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What Are the Current Market Trends in the Rubber Tired Gantry Crane Industry?
The key trends in the rubber tired gantry crane market are:
• The trend toward energy efficiency and environmental safety is driving changes in the market.
• Digitalization and the development of smart ports are major emerging trends.
• There's an increased use of telematics, AR and VR for remote monitoring and testing.
• Compatibility with electric technology, AI-powered testing, and autonomous systems is becoming significant.
Who are the Key Companies in the Rubber Tired Gantry Crane Market?
Major players in the rubber tired gantry crane market are:
• 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.
What are the Regional Trends Across the Rubber Tired Gantry Crane Market?
Asia-Pacific was the largest region in the rubber-tired gantry crane market in 2024
