Rubber Tired Gantry Crane Market Report 2023 | Analysis, Share, Growth 2028


According to the global Rubber Tired Gantry Crane market report by IMARC Group, the market reached a value of US$ 1.4 Billion in 2022, and it is projected to reach a value of US$ 1.8 Billion by 2028, exhibiting a growth rate (CAGR) of 4.3% during 2023-2028.

Rubber-tired gantry (RTG) cranes, or transtainers, refer to mobile gantry cranes used for stacking or grounding containers in intermodal operations. They can be remotely operated and are often powered by electricity or diesel generator systems. They have a stable, rigid steel structure that enables precise handling and smooth movements at high speeds. They are used to position pipelines, erect massive, unbalanced structures, and assemble heavy manufacturing components. They are designed for space-saving container terminals to increase productivity, decrease downtime, and reduce costs. As a result, RTG cranes are gaining immense traction over traditional gantry cranes across the globe due to their excellent performance, mobility, and flexible operations.

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Rubber Tired Gantry Crane Market Trends and Drivers:

The global rubber-tired gantry crane market is primarily driven by rising imports and exports via ships and cargo planes. Moreover, numerous product improvements, including the widespread integration of RTG cranes with active load system (ALS) technology to increase operating efficiency and container stability during transportation, are positively influencing the market growth.

Additionally, the increasing trade activities between countries and the rising demand for goods and raw materials have augmented the product demand. Besides this, several favorable initiatives and heavy investments by governments of numerous countries for developing port infrastructure and capacities have catalyzed market growth. Furthermore, the surging adoption of electric RTG cranes due to the implementation of stringent regulations on emission control and air pollution by governments of different countries is contributing to market growth.

Other factors, including flexible import-export taxation, rapid industrialization and globalization, and technological advancements, are also anticipated to create a positive market outlook.

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Global Rubber Tired Gantry Crane Market 2023-2028 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Rubber Tired Gantry Crane Companies:

Anupam Industries Limited, ASCOM SPA, Bedeschi S.p.A., Cargotec Oyj, Konecranes Oyj, Liebherr-International AG, Mi-Jack Products (Lanco International Inc.), Paul Vahle GmbH & Co. KG, Reva Industries India Pvt. Ltd., Sany Heavy Industry Co. Ltd, Shanghai Zhenhua Heavy Industries Company Limited and TNT Crane & Rigging.

The report has segmented the market on the basis of region, type, power supply and application.

Breakup by Type:

  • 8-Wheeler
  • 16-Wheeler

Breakup by Power Supply:

  • Diesel
  • Electric
  • Hybrid

Breakup by Application:

  • Construction
  • Oil and Gas
  • Shipbuilding
  • Power and Utilities
  • Others

Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:

  • Market Performance (2017-2022)
  • Market Outlook (2023- 2028)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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