Rubber Tyre Gantry Crane Market Size was valued at USD 1006.9 Million in 2023. The Rubber Tyre Gantry Crane industry is projected to grow from USD 1058.3 Million in 2024 to USD 1672.4 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 5.89% during the forecast period (2024 - 2032).
The Global Rubber Tyre Gantry Crane Market is expected to witness significant growth in the next few years due to the rapid growth of seaborne trade. Seaborne trade is expected to continue to expand internationally over the forecast period as shipping has a significant contribution to the global economy, which adds to the demand for rubber tyre gantry cranes.
Furthermore, the increase in industrialisation and the liberalisation of the economies of China and India, have boosted the demand for iron ore and coal, which are exported by industries through seaborne trading. The increase in import/export of goods and commodities and the growth of e-commerce and three-dimensional printing have further increased the demand for rubber tyre gantry cranes in the global market.
Regional Analysis: Global Rubber Tired Gantry Crane Market
Based on region, the Rubber Tyre Gantry Crane Industry has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
Asia-Pacific is expected to hold the largest share of the rubber tyre gantry crane market, followed by North America and Europe. This is attributed to the growing trend of transshipments, especially in China and India, have led to a rise in the demand for rubber tyre gantry cranes in the region. The region is also anticipated to witness the fastest growth rate during the forecast period. Furthermore, rapid industrialisation and urbanisation in Asia-Pacific have increased the demand for iron ore and coal. Hence, an increase in transportation of iron ore, especially in developing countries, drives the demand for rubber tyre gantry cranes during the forecast period.
Segmentation: Global Rubber Tyred Gantry Crane Market
The Global Rubber Tired Gantry Crane Market has been segmented based on Type and Power. Based on type, the Global Market has been divided into 8-wheeler and 16-wheeler. Based on power, the global market is segmented into diesel, electric, and hybrid.
In 2018, the hybrid segment accounted for the largest market share of around 45%, which is expected to witness the fastest growth rate during the forecast period.
Key Players
The Key Players operating in the Global Rubber Tyre Gantry Crane Industry include Anupam Industries Limited (India), TNT Crane & Rigging (US), ElectroMech Material Handling Systems Pvt. Ltd (India), SANY GROUP (China), KoneCrane (Finland), Cargotec-Kalmar (Finland), Liebherr (Switzerland), Mi-Jack Products (US), and Shanghai Zhenhua Heavy Industries Co., Ltd (China).
There are many global and regional players operating in the global rubber tyre gantry crane market. These players are adopting strategies such as mergers & acquisitions, product development, partnerships, and expansion to improve their position in the global market. High competition, rapid changes in technology, and integrated solutions by industry participants are the key factors that impact market growth. Vendors compete based on cost, product quality, and reliability. It is vital for these players to offer cost-effective and superior products to succeed in the competitive market environment.
Intended Audience
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 1006.9 Million |
| Market Size 2024 | USD 1058.3 Million |
| Market Size 2032 | USD 1672.4 Million |
| Compound Annual Growth Rate (CAGR) | 5.89% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018 & 2020 |
| Market Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product Type, Operating Platforms, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S, Canada, Germany, France, the U.K., Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Anupam Industries Limited (India), TNT Crane & Rigging (US), ElectroMech Material Handling Systems Pvt. Ltd (India), SANY GROUP (China), KoneCrane (Finland), Cargotec-Kalmar (Finland), Liebherr (Switzerland), Mi-Jack Products (US), and Shanghai Zhenhua Heavy Industries Co., Ltd (China). |
| Key Market Opportunities | Increased the demand for rubber tyre gantry cranes |
| Key Market Dynamics | The increase in industrialisation and the liberalisation Increase in import/export of goods and commodities |
Rubber Tyre Gantry Crane Market Highlights:
Frequently Asked Questions (FAQ) :
Global rubber tyre gantry crane market is projected to grow at approximately 5.89% CAGR during the assessment period (2024-2032).
Global rubber tyre gantry crane market had created a valuation of around USD 1006.9 MN in 2023.
The hybrid segment by power, holds majority shares in the global rubber tyre gantry crane market. In 2032, the segment accounted for 5.89% of the market share.
Asia Pacific holds the largest share in the global rubber tyre gantry crane market, followed by North America and Europe, respectively.
SANY GROUP, TNT Crane & Rigging, KoneCrane, Mi-Jack Products, Liebherr, ElectroMech Material Handling Systems Pvt. Ltd., Anupam Industries Limited, Shanghai Zhenhua Heavy Industries Co., Ltd., and Cargotec-Kalmar, are some of the top players operating in the global rubber tyre gantry crane market.
Research Analyst Experienced business professional with a demonstrated history of working in the cfnb industry. skilled in market research, and market estimation. strong professional with a masters focused in marketing management.
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