Rubber Tired Gantry Crane Market Size

Global Rubber Tired Gantry Crane Market size was valued at USD 1.4 billion in 2023 and is poised to grow from USD 1.48 billion in 2024 to USD 2.29 billion by 2032, growing at a CAGR of 5.6% during the forecast period (2025-2032).

Rubber Tired Gantry Crane is a crane that is used to stack or ground containers in different intermodal operations. Growing world trade operations and increasing use of containers by different trade companies are key factors promoting the demand for rubber tired gantry crane . Advancements in material handling technology and the growing use of automated machines for container handling are estimated to favor sales of rubber tired gantry crane in the future. Surging demand for flexibility and efficiency in material handling operations is slated to boost Rubber Tired Gantry Crane Market growth over the coming years. High total costs of ownership and expensive maintenance are estimated to be key constraints for Rubber Tired Gantry Crane Market development across the forecast period. Asia Pacific region is estimated to account for a dominant share of the global Rubber Tired Gantry Crane Market owing to the presence of multiple important trade routes and ports in this region.