Rubber-Tired Gantry Crane Market - By Wheels (8-wheeler, 16-wheeler), By Power Supply (Diesel, Electric, Hybrid), Forecast 2024 - 2032

Rubber-Tired Gantry Crane Market Size

Rubber-Tired Gantry Crane Market size was valued at USD 1.1 billion in 2023 and is estimated to register a CAGR of 4.5% between 2024 and 2032. Increasing investments in the procurement of rubber-tired gantry cranes are driving growth in the market.

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Rising expenditures indicate a growing demand for these mobile gantry cranes, particularly in applications such as container handling at ports and intermodal facilities. For instance, in March 2023, The Georgia Ports Authority invested USD 170 million in the acquisition of around 55 hybrid engine RTGs to equip the Ocean Terminal at the Port of the Savannah. As industries seek more efficient and flexible material handling solutions, the demand for rubber-tired gantry cranes is experiencing an upward trajectory, contributing to the overall market expansion.

The efficiency and flexibility of rubber-tired gantry cranes stem from their ability to swiftly navigate container yards, efficiently transferring cargo between vessels and storage areas. With a high degree of mobility on rubber tires, these cranes can easily access different locations within port terminals. This agility accelerates container handling operations, reducing turnaround times for ships and optimizing overall logistical processes. The adaptability of rubber-tired gantry cranes makes them indispensable in meeting the dynamic demands of modern containerized cargo handling.

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The high initial costs associated with acquiring and installing rubber-tired gantry cranes pose a notable challenge to market expansion. The substantial capital investment required may deter smaller ports or companies with limited financial resources from adopting these cranes. This financial barrier can impede the widespread adoption of rubber-tired gantry cranes, limiting their market penetration and potentially favoring alternative, low-cost solutions in locations where budget constraints are a significant consideration.

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.

Rubber-Tired Gantry Crane Market Analysis

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Based on wheels, the market is divided into 8-wheeler and 16-wheeler. In 2023, the 16-wheeler segment accounted for a market share of over 60%. The propulsion of the 16-wheeler segment is attributed to its increased lifting capacity. These cranes, equipped with 16 wheels, excel in handling heavier containers, making them indispensable for applications with substantial cargo loads. The enhanced lifting capabilities not only contribute to the efficiency of container handling operations but also make the 16-wheeler RTGs a preferred choice in scenarios where heavy & oversized containers are prevalent, ensuring optimal performance in diverse port and terminal environments.

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Based on power supply, the rubber-tired gantry crane market is categorized into diesel, electric, and hybrid. In 2023, the diesel segment accounted for a market share of over 51% and is projected to grow by 2032. The diesel segment in the RTG market is propelled by its high power and performance capabilities. Diesel-powered RTGs boast robust engines, delivering substantial power for heavy-duty tasks, thereby making them indispensable for efficiently lifting and moving large containers in demanding port environments.

Their versatility allows operation in diverse conditions without reliance on fixed power sources, ensuring adaptability across various container yards. With rapid deployment, increased lifting capacity, and operational independence from grid power, diesel RTGs maintain their relevance, particularly in scenarios demanding powerful, flexible & quickly deployable container handling solutions.

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Asia Pacific dominated the rubber-tired gantry crane market with a major share of over 41% in 2023. The introduction of electric rubber-tired gantry (RTG) cranes to support CO2 reduction initiatives is a key driver propelling the Asia Pacific market. As industries prioritize sustainability, the shift toward electric-powered RTGs aligns with environmental goals, reducing carbon emissions.

For instance, in October 2023, four electric Rubber Tired Gantry (e-RTG) cranes were delivered to the International Container Transhipment Terminal (ICTT) in Kerala, India operated by DP World. The deployment of these e-RTGs at ICTT is in line with DP World's broader sustainability initiative, aiming to achieve a 28% reduction in CO2 emissions by 2030.

Rubber-Tired Gantry Crane Market Share

Anupam Industries Limited and Cargotec (Kalmar) hold a significant market share of over 9% in the used semi-truck market. The market is highly competitive, characterized by key players focusing on technological advancements, environmental sustainability, and customization to cater to diverse industry demands.

Market participants often engage in strategic collaborations, mergers & acquisitions to expand their product portfolios, strengthen market presence, and capitalize on emerging opportunities in the global logistics & maritime sectors.

Rubber-Tired Gantry Crane Market Share

Major players operating in the rubber-tired gantry crane industry are

• Anupam Industries Limited
• Cargotec (Kalmar)
• Doosan Heavy Industries & Construction
• Konecranes
• Liebherr Group
• Terex Corporation
• ZPMC (Shanghai Zhenhua Heavy Industries Co., Ltd.)
• Cavotec SA
• Conductix-Wampfler
• Engineered Material Handling (EMH)
• Gantrex
• Gunter-Winkelmann GmbH
• Hutchinson Industries

Rubber-Tired Gantry Crane Industry News

• In May 2023, DP World announced that it will invest USD 350 million in an expansion project. The comprehensive expansion plan encompassed the acquisition of three latest dock gantry cranes (QCs), four additional rubber-tired gantry (RTG) cranes, and the introduction of twelve new electric RTGs for the yard. Additionally, the initiative included the incorporation of twenty electric internal trucks (ITVs), aligning with the company's specified equipment requirements for enhancing port efficiency and cargo handling capabilities.
• In June 2022, Konecranes introduced a lineup of container handling equipment powered by batteries including a battery-operated rubber-tired gantry (RTG) crane, a battery-driven straddle carrier, and an entirely electric mobile harbor crane (MHC).

The rubber-tired gantry crane market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) and shipment (Units) from 2018 to 2032, for the following segments

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Market, By Wheels

• 8-wheeler
• 16-wheeler

Market, By Power Supply

• Diesel
• Electric
• Hybrid

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Southeast Asia
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA