The global port equipment market is predicted to grow at a CAGR of over 4% during the forecast period. Port Equipment includes various cranes such as ship-to-shore cranes, forklifts, horizontal & vertical outreach cranes, gantry cranes, overhead cranes; ship loaders; mooring systems; and others. These enable in enhancing the maritime trade through proficient delivery of safe, secured, and sustainable services to the end-users.
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The primary factors that drive the growth of the market include increasing seaborne trades across the globe. With the large number of seaborne trades carried out, there has been an increase in the demand for the development of novel ports, which in turn will enhance the market growth during the forecast period. Other driving factors of the market include increasing trade equipment, easy trade regulations passed by the government, along with the top players aiming at a versatile product portfolio to meet the demand in the industry. However, the higher prices may act as a restraining factor of the market. While the development of novel and advanced port equipment is likely to provide growth opportunities to the market during the forecast period.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Port Equipment Market – Segmentation
By Product Type
- Cranes
- Ship Loaders
- Mooring Systems
- Forklifts
- Others
By Application
- Container Handling
- Bulk & Ship Handling
- Others
Global Port Equipment Market – Segmentation by Region
North America
- United States
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global port equipment market. Based on the availability of data, information related to products & services, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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