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

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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 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. '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'

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.

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.

The Asia Pacific region is slated to account for a dominant share of the 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.

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- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Rubber Tyred Gantry Crane Market Size, Share, Growth Analysis, By Type(8-wheeler, 16-wheeler), By Propulsion(Diesel, Electric) - Industry Forecast 2024-2031

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