Port Equipment Market Scope
Port equipment offers fast and efficient transfer of cargo between ships and land-based modes of transport in the area of ports across the globe. The growing demand for higher capacity engines in various regions including Europe, Asia-Pacific and the Middle East due to increased container throughput. According to the United Nations Conference on Trade and Development, Maritime transport is the backbone of international trade and the global economy. Around 80 per cent of global trade by volume and over 70 per cent of global trade by value are carried by sea and are handled by ports worldwide.
According to AMA, the Global Port Equipment market is expected to see growth rate of 3.9% and may see market size of USD35.2 Billion by 2026.
Research Analyst at AMA estimates that Global Manufacturers will contribute to the maximum growth of Global Port Equipment market throughout the predicted period.
Liebherr (Switzerland), TTS (Norway), Kalmar (Finland), Konecranes (Finland), Sany (China), Shanghai Zhenhua Heavy Industries (ZPMC) (China), Hyster (United States), Lonking (China), CVS Ferrari (Italy), Anhui Heli (China) and Famur Famak (Poland) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
The study have segmented the market of Global Port Equipment market by Type (Tug Boats, Cranes (Rubber-Tired Gantry (RTG) Cranes, Ship-To-Shore Cranes, Electrified Rubber-Tired Gantry (E-RTGS) Cranes and Yard Cranes and Others), Shiploaders, Reach Stackers, Mooring Systems, Automated Guided Vehicles (AGVS), Forklift Trucks, Terminal Tractors, Straddle Carriers and Others), by Application (Bulk Handling, Container Handling, Ship Handling and Others) and Region with country level break-up.
On the basis of geography, the market of Port Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
- Manufacturers are developing reliable and efficient port equipment
- Automation of Stacking Operations at Ports
- Adoption of Automated Port Management
- The increase in cargo transportation and the need for automation to handle increased cargo volumes
- Increased Use of Sensors in Ships and Ports
- Rising seaborne trade across the globe and increasing container shipment in Asia-Pacific and the Middle East
- Increasing deployment of mobile harbour crane for fast, efficient and versatile material handling
- Lack of proper port infrastructure in underdeveloped nations
- Rising protectionism and potential trade wars across the globe
Key Target AudiencePort equipment manufacturers, Port equipment traders and distributors, Fleet operators, Global industrial vehicle and container handling associations, Government and regulatory authorities and Others