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Rubber-Tired Gantry Crane Market Trends

Report ID: GMI7953
Published Date: Jan 2024
Report Format: PDF

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Rubber-Tired Gantry Crane Market Trends

The electrification of rubber-tired gantry cranes is fostering lucrative growth in the market. As industries increasingly shift toward sustainable practices, electric-powered gantry cranes are gaining popularity due to their ability to reduce emissions, thus aligning with environmental goals. For instance, in February 2021, Paceco Group and Mitsui E&S Machinery introduced NZE Transtainer, a Rubber Tired Gantry (RTG) crane with near-zero emissions.

Additionally, they initiated the development of a Zero-Emission (ZE) RTG. The NZE Transtainer is equipped with large lithium-ion batteries and a small engine genset, incorporating a start/stop feature. This trend is driving investments in electrified gantry cranes, promoting energy efficiency and lower operational costs.

The incorporation of automation and smart technologies represents a pivotal trend in the rubber-tired gantry crane market. By embracing Industry 4.0 principles, these cranes are equipped with automation features, artificial intelligence & smart controls, thereby enhancing operational efficiency and safety. Automated functions such as container positioning, collision avoidance, and remote operation contribute to streamlined logistics. This trend aligns with the broader push toward intelligent, interconnected systems, making rubber-tired gantry cranes integral components of technologically advanced and efficient container handling operations.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Rubber-tired gantry crane industry size was USD 1.1 billion in 2023 and is estimated to witness 4.5% CAGR between 2024 and 2032, due to the increasing application scope in container handling at ports and intermodal facilities.

The 16-wheeler segment accounted over 60% of the rubber-tired gantry crane industry share in 2023 attributed to its increased lifting capacities

The diesel power supply segment held more than 51% of the rubber-tired gantry crane market share in 2023 and is projected to grow by 2032 owing to their higher utility for heavy-duty tasks, such as efficiently lifting and moving large containers in demanding port environments.

Asia Pacific recorded over 41% share of the global rubber-tired gantry crane industry in 2023, led by the introduction of electric cranes to support CO2 reduction initiatives in the region