Port Equipment Market Size is anticipated to reach USD 20.3 billion by 2030

 

From 2022 to 2030, the port equipment market is anticipated to increase at a 2.0% compound annual growth rate (CAGR), rising from a value of 18.7 billion USD in 2022 to 20.3 billion USD in 2030. Numerous mechanisms are included in port equipment that make it easier to load and unload containers and bulk cargo from ships to coasts and vice versa. Ship-to-shore cranes, empty and loaded forklift trucks, rail mounted gantry cranes, rubber-tired gantry cranes, straddles, and reach stackers are a few of these systems. The market's scope also includes tools and services that facilitate equipment automation.

 

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SEGMENTATION ANALYSIS

The market is divided into two categories based on product: equipment and software & solutions. Tugboats, cranes, shiploaders, reach stackers, mooring systems, automated guided vehicles (AGVS), forklift trucks, container lift trucks, terminal tractors, straddle carriers, and other items are included in the equipment segment's further subcategories. The category for shiploaders is predicted to experience the fastest CAGR growth throughout the projection period.

It is divided between new ports and old ports based on investment. In 2022, the sector of existing ports held the largest market share. The category for existing ports covers port upgrades and expansions. These ports have previously been built and are now in use, but in order to handle the rising volume of cargo and ships, they need new infrastructure and equipment. Cranes, reach stackers, terminal tractors, and other equipment are becoming more and more in demand as a result of this. The expansion of the current ports segment is also being aided by the upgrading of ports and the introduction of new technology.

On the other side, the sector for new ports also covers port expansion. As governments in various regions invest in the construction of new ports to enhance logistics and transportation networks, this market is anticipated to expand. The adoption of new technologies as a result of this investment is also anticipated to fuel the expansion of the new ports market.

The software and solutions segment is predicted to have the fastest growth rate in terms of solutions. Technology development has brought about new techniques for managing ports and terminals, which has caused a move toward automation in all process flows and activities carried out on ports.

COMPANIES COVERAGE

The global port equipment market is competitive with leading players accounting for larger market shares. Some of companies profiled in report include ABB, American Crane & Equipment, Anhui Heli Co., Ltd., Baltkran, Bedeschi S.p.A., Bruks Siwertell Group, Cavotec SA, CVS Ferrari, Damen Shipyards Group, Hoist Material Handling, Inc., Hyster-Yale Materials Handling, Inc.,  Kalmar,  Konecranes Oyj,  Kooiman Marine Group,  Liebherr Group,  Lonking Holdings Limited,  Navis,  Prosertek Group S.L,  Sany Heavy Industry Co., Ltd.,  Shanghai Zhenhua Heavy Industries (ZPMC),  Siemens AG,  Thyssenkrupp Industries,  Timars Svets & Smide AB,  TMEIC,  and Yardeye GmbH.    

 

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xResearch is a market research and consulting organization that uses unique data, expert analysis, and new technologies to create trusted intelligence on industries. Our research is focused on delivering an informed and impartial view on essential market data of industry, and it is primarily driven by an in-depth study covering the following parameters: Market Sizing and Forecasting, Market Segmentation, Competitive Analysis, Strategic Assessment and Business Modelling.

                                   

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