The Rubber Tired Gantry Crane Global Market Report 2023, provides comprehensive information on the rubber tired gantry crane market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Rubber Tired Gantry Crane Market’s Growth:
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As per The Business Research Company’s Rubber Tired Gantry Crane Global Market Report 2023, the market size is expected to grow from $1.18 billion in 2022 to $1.27 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global rubber tired gantry crane is expected to grow to $1.61 billion in 2027 at a CAGR of 6.2%.
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Technological advancement is the key trend gaining popularity in the rubber tired gantry crane market. Major companies operating in the rubber tired gantry crane market are focused on developing technologically advanced products to strengthen their market position. For instance, in June 2021, Kalmar, a part of Cargotec Corporation, a Finland-based company operating in rubber-tired gantry cranes, launched a new range of gantry cranes with energy regenerative technology. Regenerative technology is an energy-restoring mechanism of machinery that is capable of storing and using energy during changes in operations and reduces the use of fuel in operation as compared to other normal machinery. The regenerative system on the Kalmar Hybrid RTG is able to gather and store energy from brakes, container handling, gantry movements, and other activities and use it in future operations, reducing fuel usage by 64% and increasing productivity.
The rubber tired gantry crane market is segmented:
1) By Type: 8-Wheeler, 16-Wheeler
2) By Power Supply: Diesel, Electric, Hybrid, Other Power Supplies
3) By Application: Construction, Oil and Gas, Shipbuilding, Power and Utilities, Other Applications
Asia-Pacific was the largest region in the rubber tired gantry crane market in 2022.
The table of contents in TBRC’s rubber tired gantry crane market report includes:
- Executive Summary
- Rubber-Tired Gantry Crane Market Characteristics
- Rubber-Tired Gantry Crane Market Trends And Strategies
- Rubber-Tired Gantry Crane Market – Macro Economic Scenario
- Rubber-Tired Gantry Crane Market Size And Growth
- Rubber-Tired Gantry Crane Market Segmentation
- Rubber-Tired Gantry Crane Market Regional And Country Analysis
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- Rubber-Tired Gantry Crane Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Rubber-Tired Gantry Crane Market
- Rubber-Tired Gantry Crane Market Future Outlook and Potential Analysis
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