Global Rubber Tired Gantry Crane Market

5 Key Takeaways From The Rubber Tired Gantry Crane Market Report 2024

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Rubber Tired Gantry Crane Global Market Report 2024, the rubber tired gantry crane market is expected to show significant growth in the forecast period.

Steady Growth Projection

  • Market size rose from $1.21 billion in 2023 to $1.26 billion in 2024.
  • Compound annual growth rate (CAGR) of 4.7%.
  • Historical growth attributed to containerized cargo and port modernization.

Strong Growth Outlook

  • Expected to reach $1.54 billion in 2028.
  • CAGR of 5.1%.
  • Forecast growth driven by energy efficiency, e-commerce expansion, and port infrastructure investments.

Seaborne Trade Expansion Spurs Market Growth

  • Increase in seaborne trade propels demand for rubber-tired gantry cranes.
  • These cranes facilitate handling of heavy containers in seaports.
  • International seaborne trade volume estimated to reach 12,027 million tons by 2022.

Technological Advancements Revolutionize Market

  • Key trend: Technological advancement in rubber-tired gantry crane market.
  • Companies focus on developing advanced products for competitive edge.
  • Kalmar launches gantry cranes with energy regenerative technology, reducing fuel usage by 64%.
  • Mi-Jack Products acquires Yardeye GmbH to enhance product portfolio and innovation in automation.

Market Segmentation

  • Type: 8-Wheeler, 16-Wheeler
  • Power Supply: Diesel, Electric, Hybrid, Others
  • Application: Construction, Oil and Gas, Shipbuilding, Power and Utilities, Others

Regional Insights

  • Asia-Pacific: Largest region in 2023.
  • Middle East: Fastest-growing region in the forecast period.

Conclusion: Embracing Innovation in Crane Technology
The rubber-tired gantry crane market is witnessing steady growth, fueled by the expansion of seaborne trade and technological advancements. As seaports modernize and containerized cargo continues to rise, the demand for efficient handling solutions escalates.

Technological innovations, such as energy regenerative technology, are revolutionizing crane operations, enhancing efficiency while reducing environmental impact. Companies like Kalmar and Mi-Jack Products lead the charge, driving innovation and excellence in automation and collision avoidance systems.

Segmentation across crane types, power supplies, and applications ensures tailored solutions to diverse industry needs. Moreover, regional dynamics underscore the global nature of crane demand, with Asia-Pacific leading the market and the Middle East emerging as a hotspot for growth.

As the rubber-tired gantry crane market evolves, embracing innovation and sustainability will be paramount. Collaboration between industry players and investment in research and development will pave the way for enhanced crane technology, facilitating seamless cargo handling and driving productivity across various sectors.

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The Rubber Tired Gantry Crane Global Market Report 2024  provides an in-depth analysis on the rubber tired gantry crane market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the rubber tired gantry crane market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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