Rubber Tired Gantry Crane Market: Trends, Opportunities and Competitive Analysis [2023-2028]

Rubber Tired Gantry Crane Market Trends and Forecast

The future of the global rubber tired gantry crane market looks promising with opportunities in the construction, oil & gas, shipbuilding, and power & utility applications. The global rubber tired gantry crane market is expected to reach an estimated $1.6 billion by 2028 with a CAGR of 5.1% from 2023 to 2028. The major drivers for this market are rapidly increasing seaborne trade, growing preference of electric based cranes, and supporting investment by government and port authorities to upgrade the logistics system.

Rubber Tired Gantry Crane Market by Product Type, Power Supply, and Application

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Rubber Tired Gantry Crane Market by Segment

The study includes trends and forecast for the global rubber tired gantry crane market by product type, power supply, application, and region, as follows:

Rubber Tired Gantry Crane Market by Product Type [Shipment Analysis by Value from 2017 to 2028]:

8-Wheeler

16-Wheeler

Rubber Tired Gantry Crane Market by Power Supply [Shipment Analysis by Value from 2017 to 2028]:

Diesel

Electric

Hybrid

Rubber Tired Gantry Crane Market by Application [Shipment Analysis by Value from 2017 to 2028]:

Construction

Oil & Gas

Shipbuilding

Power & Utilities

Others

Rubber Tired Gantry Crane Market by Region [Shipment Analysis by Value from 2017 to 2028]:

North America

Europe

Asia Pacific

The Rest of the World

List of Rubber Tired Gantry Crane Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, rubber tired gantry crane companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the rubber tired gantry crane companies profiled in this report include:

• SANY GROUP
• Liebherr
• Konecranes
• ASCOM
• Bedeschi
• CARGOTEC
• VAHLE

Rubber Tired Gantry Crane Market Insights

• Lucintel forecasts that 16-wheeler is expected to witness a higher growth over the forecast period owing to its affordability, ease of movement, reduced maintenance cost, and improved driver safety.
• Lucintel predicts that the electric power supply segment is expected to witness a higher growth over the forecast period because it helps in saving up to 600 liters of engine oil and reducing maintenance cost as well as downtime.
• Europe will remain the largest region due to the growing number of trade activities and increasing regulatory norms to lower carbon emissions, which will enhance the use of electric RTGs in the region.

Features of the Rubber Tired Gantry Crane Market

• Market Size Estimates: Rubber tired gantry crane market size estimation in terms of value ($B)
• Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
• Segmentation Analysis: Rubber tired gantry crane market size by various segments, such as by product type, power supply, application, and region
• Regional Analysis: Rubber tired gantry crane market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth Opportunities: Analysis on growth opportunities in different product types, power supply, applications, and regions for the rubber tired gantry crane market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape for the rubber tired gantry crane market.
• Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

• Q1. What is the rubber tired gantry crane market size?
• Answer: The global rubber tired gantry crane market is expected to reach an estimated $1.6 billion by 2028.
• Q2. What is the growth forecast for rubber tired gantry crane market?
• Answer: The global rubber tired gantry crane market is expected to grow with a CAGR of 5.1% from 2023 to 2028.
• Q3. What are the major drivers influencing the growth of the rubber tired gantry crane market?
• Answer: The major drivers for this market are rapidly increasing seaborne trade, growing preference of electric based cranes, and supporting investment by government and port authorities to upgrade the logistics system.
• Q4. What are the major segments for rubber tired gantry crane market?
• Answer: The future of the rubber tired gantry crane market looks promising with opportunities in the construction, oil & gas, shipbuilding, and power & utility applications.
• Q5. Who are the key rubber tired gantry crane companies?
• Answer: Some of the key rubber tired gantry crane companies are as follows:
  • SANY GROUP
  • Liebherr
  • Konecranes
  • ASCOM
  • Bedeschi
  • CARGOTEC
  • VAHLE
• Q6. Which rubber tired gantry crane segment will be the largest in future?
• Answer:Lucintel forecasts that 16-wheeler is expected to witness higher growth over the forecast period owing to its affordability, ease of movement, reduced maintenance cost, and improved driver safety.
• Q7. In rubber tired gantry crane market, which region is expected to be the largest in next 5 years?
• Answer: Europe will remain the largest region due to the growing number of trade activities and increasing regulatory norms to lower carbon emissions, which will enhance the use of electric RTGs in the region.
• Q8. Do we receive customization in this report?
• Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

• Q.1. What are some of the most promising, high-growth opportunities for the global rubber tired gantry crane market by product type (8-wheeler and 16-wheeler), power supply (diesel, electric, and hybrid), application (construction, oil & gas, shipbuilding, power & utilities, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?