Port Equipment Market Outlook & Regional Growth Analysis by 2025

Asia Pacific port equipment market accounts for the maximum share owing to the presence of major ports across the region. Around 64% of the total container port throughput is in Asia Pacific. The volume of cargo transported through ports in Asia Pacific is much higher compared to other regions. Considering sea transport containers and growth of cargo volume, Asia Pacific holds a significant share in the globe for sea transportation owing to continued and recent double-digit rise in exports from China.

Europe has been witnessing rising sea and cargo transportation activities which will allow the region to become a key revenue pocket for port equipment market. Constant expansion and development in the port infrastructure has been providing greater opportunities for the penetration of advanced hybrid and electric products. Manufacturers are coming up with scores of innovative solutions, introducing  automatic port equipment options to meet the increasing requirement of more efficient products with lower carbon footprint.

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Rapid growth in the global fleet capacity and increasing port traffic volume is likely to boost the port equipment market share. The capacity of major ports, such as Shanghai and China, is expanding rapidly. For instance, according to the UNCTAD, total volumes handled by the top 20 ports increased by around 5% compared to 2016. The rising fleet capacity along with expanding volume are expected to positively drive the market share.

Diesel dominates the port equipment market share owing to the availability of a wide range of port equipment powered by diesel. Moreover, the diesel-powered equipment produces significantly higher torque, that are ideal for heavy lifting and handling operations. However, the emissions produced from using the fuel coupled with damages to the aquatic environment owing to wastage produced are expected to hamper the industry growth.

Container handling segment in port equipment market will grow significantly in the forthcoming years owing to multipurpose utility of containers that can carry all sorts of goods as they are moved from one port to another. Imported grains like corn, wheat and rice are being shifted to containerized cargo due to convenience and cost efficiency. Container shipping can be cheaper owing to two-way functioning system and has made several of Asia’s food importers shift to containerization. Containers can be more adaptable, and elastic compared to the bulk facilities.

Report by the Indian Ports Association says that 12 major ports in India had recorded 2.90 percent growth in handling of the cargo, poised at 699.04 million tons, during the 2018-19 fiscal year. The handling of fertilizers, containers and coal have driven the expansion of these ports, in turn requiring the installation of new equipment to handle them. Major ports in India handle nearly 60% of the total cargo traffic in the country, depicting a tremendous need for this equipment. Augmented import of fertilizers, POL (Petroleum, Oil and Lubricant) and coal have favorably impacted Asia Pacific port equipment market share.

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Market players like Liebherr, Konecranes, Shanghai Zhenhua Heavy industries and American Crane & Equipment industries are consistently updating their products and offering novel solutions to port customers. Surging frequency of maritime trade will substantially fuel global port equipment market size, which is slated to exceed USD 9 billion by 2025.

Glimpse of Table of Content (ToC): –

Chapter 4 Port Equipment Market, By Equipment

4.1 Global port equipment market share by equipment, 2018 & 2025

4.2 Cranes

4.2.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

4.2.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

4.2.3 Ship to Shore Cranes

4.2.3.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

4.2.3.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

4.2.4 Yard crane

4.2.4.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

4.2.4.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

4.2.5 Others

4.2.5.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

4.2.5.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

4.3 Forklift Trucks

4.3.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

4.3.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

4.4 Terminal Tractors

4.4.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

4.4.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

4.5 Ship Loaders

4.5.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

4.5.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

4.6 Automated Guided Vehicles

4.6.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

4.6.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

4.7 Straddle Carrier

4.7.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

4.7.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

4.8 Reach Stacker

4.8.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

4.8.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

4.9 Tugboat

4.9.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

4.9.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

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