USD 1.2 billion
Rubber Tyred Gantry Crane Market Size, Share, Growth Analysis, By Type(8-wheeler, 16-wheeler), By Propulsion(Diesel, Electric) - Industry Forecast 2024-2031
Report ID:
SQMIG20I2251 |
Region:
Global |
Published Date: April, 2024
Pages:
199
|
Tables:
62 |
Figures:
72
Rubber Tyred Gantry Crane Market Insights
Global Rubber Tyred Gantry Crane Market size was valued at USD 1.2 billion in 2022 and is poised to grow from USD 1.27 billion in 2023 to USD 1.94 billion by 2031, growing at a CAGR of 5.5% in the forecast period (2024-2031).
Rubber tyred 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 tyred gantry cranes. Advancements in material handling technology and the growing use of automated machines for container handling are estimated to favor sales of rubber tyred gantry cranes in the future. Surging demand for flexibility and efficiency in material handling operations is slated to boost rubber tyred gantry crane market growth over the coming years. High total costs of ownership and expensive maintenance are estimated to be key constraints for rubber tyred gantry crane market development across the forecast period. Asia Pacific region is estimated to account for a dominant share of the global rubber tyred gantry crane market owing to the presence of multiple important trade routes and ports in this region.
Market snapshot - (2024-2031)
Global Market Size
Largest Segment
16-wheeler
Fastest Growth
8-wheeler
Growth Rate
5.5% CAGR
Global Rubber Tyred Gantry Crane Market ($ Bn)
Country Share for Asia Pacific Region (%)
Global Rubber Tyred Gantry Crane Market By Type ($ Bn)
Global Rubber Tyred Gantry Crane Market By Type (%)
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Rubber Tyred Gantry Crane Market Segmental Analysis
The global rubber tyred gantry crane market is segmented based on type, propulsion, and region. In terms of type, the market is segmented into 8-wheeler and 16-wheeler. On the basis of propulsion, the market is bifurcated into diesel, electric, and hybrid. Based on region, the market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.
Analysis by Type
16-wheeler rubber tyred gantry cranes are projected to account for a dominant share of the global market. The presence of several wheels improves driver safety and maneuverability of the crane itself. Low maintenance costs of these types of cranes is also a key factor contributing to the dominance of this segment.
Sales of 8-wheeler rubber tyred gantry cranes are estimated to increase at a robust pace across the forecast period and beyond. Increasing launch of new 8-wheeler cranes with advanced capabilities and their growing adoption in different industry verticals is projected to bolster market growth via this segment going forward.
Analysis by Propulsion
Diesel-powered rubber tyred gantry cranes account for a substantial share of the global rubber tyred gantry crane market. Excellent torque and efficiency offered by diesel powered cranes is a key factor that allows this segment to hold sway over others. Better operating range and ability to handle huge loads also make this segment a prominent one.
Electric rubber tyred gantry cranes are estimated to increase in demand at an alarming pace over the coming years. Electrification of the automotive industry, ban on use of fossil fuels, and imposition of stringent vehicle emission mandates are key factors that are slated to bolster the demand for electric rubber tyred gantry cranes across the forecast period and beyond.
Global Rubber Tyred Gantry Crane Market By Type, 2022 (%)
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Rubber Tyred Gantry Crane Market Regional Insights
The Asia Pacific region is slated to account for a dominant share of the global rubber tyred gantry crane market owing to the rapid surge in import and export activity in Asian countries. Growing industrialization and urbanization are also key catalysts promoting the adoption of rubber tyred gantry crane in different industry verticals. Presence of key trading countries such as India, China, and Japan in this region also allows rubber tyred gantry crane companies to maximize their sales and revenue generation potential going forward.
Europe is estimated to emerge as the fastest-growing market for rubber tyred gantry crane in the world over the coming years. Growing focus on sustainability in this region is slated to promote the sales of electric rubber tyred gantry cranes in the future. Presence of key ports and majority of trade being carried out through containers also creates new opportunities for rubber tyred gantry crane providers in the future. Germany, France, and the United Kingdom are slated to be the top markets in this region.
Global Rubber Tyred Gantry Crane Market By Region, (2024-2031)
- Largest
- Fastest
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Rubber Tyred Gantry Crane Market Dynamics
Drivers
Rising Global Containerized Trade
- Trade via containers has increased exponentially in recent years and this trend is projected to boost sales of rubber tyred gantry crane as they are highly essential in managing intermodal operations are different sites.
Adoption of Automation in Material Handling
- Companies are continually looking to automate their operations to maximize operational efficiency and reduce errors, which is where products and machines such as rubber tyred gantry crane come in handy.
Restraints
High Costs of Ownership
- Owning a rubber tyred gantry crane is quite a capital-intensive task for any business and not many businesses are willing to spend such huge capital. Moreover, the maintenance cost of these machines is also very high and this also contributes to slow sales of rubber tyred gantry cranes.
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Rubber Tyred Gantry Crane Market Competitive Landscape
Rubber tyred gantry crane manufacturers focus on electrification of their products if they wish to stay relevant in the future. Market players can also collaborate and partner with material handling companies to develop customized solutions. Rubber tyred gantry crane companies should also focus on sustainability to maximize their sales potential in the long run.
Top Player’s Company Profiles
- Anupam Industries Limited
- Konecranes
- Doosan Heavy Industries & Construction
- Hutchinson Industries
- SANY GROUP
- Cargotec
- Conductix-Wampfler
- TNT Crane & Rigging
- Liebherr
- ElectroMech Material Handling Systems Pvt. Ltd.
- Kalmar
- Mi-Jack Products
- Terex Corporation
- Shanghai Zhenhua Heavy Industries Co., Ltd.
- Reva Industries Ltd.
- Cavotec SA
- Gantrex
Recent Developments
- In June 2023, Mi-Jack, a leading manufacturer and supplier of zzzs based in the United States, announced autonomous operation of its products. Travelift RTG cranes were capable of functioning without an operator.
- In January 2023, Kuenz, an Austrian crane manufacturer in collaboration with ABB was awarded a contract to build 20 automated cranes. The cranes were intended to be used on the Baltic Hub’s Terminal 3 that was being constructed at that time.
Rubber Tyred Gantry Crane Key Market Trends
- Electrification of Cranes: Rubber tyred gantry crane manufacturers should focus on powering their machinery with electricity to comply with modern sustainability mandates and reduce emissions. Companies can collaborate with electric vehicle manufacturers to improve their business potential in the long run.
Rubber Tyred Gantry Crane Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per Skyquest analysis, growing containerized trade activity and urbanization are projected to help rubber tyred gantry crane demand grow in the future. Electrification of rubber tyred gantry cranes is slated to be a key trend that all rubber tyred gantry crane market players should focus on. High costs of ownership and maintenance are slated to impede rubber tyred gantry crane market growth over the coming years. The Asia Pacific region is slated to remain as the dominant regional market for rubber tyred gantry crane companies around the world.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.2 billion |
| Market size value in 2031 | USD 1.94 billion |
| Growth Rate | 5.5% |
| Base year | 2023 |
| Forecast period | (2024-2031) |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Rubber Tyred Gantry Crane Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Rubber Tyred Gantry Crane Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Rubber Tyred Gantry Crane Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Rubber Tyred Gantry Crane Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Rubber Tyred Gantry Crane Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Rubber Tyred Gantry Crane Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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