Westford, USA,, April 25, 2023 (GLOBE NEWSWIRE) -- SkyQuest projects that the GCC ship loader and unloader market will attain a value of USD 142.37 million by 2030, with a CAGR of 3.78% over the forecast period (2022-2030). Ship loader and unloader market growth are fueled by rising demand for ship loaders in manufacturing, transportation, logistics, warehousing and storage facilities, which drives the demand for overhead cranes. In addition, several private businesses and governmental agencies are investing in infrastructure development projects such as building roads, dams, bridges, railroads and waterways. Large overhead cranes with high loading capacities frequently need lifting and moving heavy loads. As a result, there is a growing need for overhead cranes in these emerging industries. Additionally, the precision of work is increased by ship loaders and unloaders that were constructed utilizing specialized tools by requirements. These factors are anticipated to accelerate the market expansion during the forecast period.
According to the SkyQuest, it offers the highest efficiency, precision and stability possible and an incredibly high lifting capacity. The growth in urbanization significantly influences the demand for ship loaders and unloaders in the GCC during the analysis period. However, due to a disturbance in the supply chain, and a lack of workforce, the supply chain for ship loader and unloader products was put on hold during the pandemic due to a shortage of raw materials which impacted the market's expansion.
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Browse in-depth TOC on "GCC Ship Loader and Unloader Market"
- Pages - 242
- Tables - 116
- Figures – 67
A ship loader and unloader are powerful devices that load and unload bulk items such as metals, coal, composites and grains. The tonnage capacity of ship loaders and unloaders ranges from 200 to 8,000 tonnes per hour. In addition to other uses, a ship loader and unloader machines are particularly well suited for mining, packaging, building and marine ports.
Prominent Players in GCC Ship Loader and Unloader Market
- FLSmidth A/S
- Fluor Corporation (American Equipment Company Inc.)
- Buhler Group
- Vigan Engineering S/A
- NEUERO Industrietechnik fur Forderanlagen GmbH
- Sandvik AB
- SMB International GmbH
- Aumund Group
- EMS-Tech Inc.
- Liebherr-International AG
- EMS-Tech Inc.
- Shanghai Zhenhua Heavy Industries Co., Ltd
- NEUERO
- VIGAN Engineering S.A
- Sandvik AB
- FLSmidth & Co. A/S
- XINAPSE SYSTEMS LTD
- American Equipment Company
- SMB Group
- AUMUND Fördertechnik
- ZPMC
- Buhler
- AMECO
- Xinapse Systems Ltd.
- Fördertechnik
Stationary Segment in the GCC Ship Loader and Unloader Market Is Expected to Grow Due to High Efficiency and Capacity
The stationary segment is anticipated to take the lead during the forecast period due to characteristics including bulk material handling capacity, post-Panamax vessels and cost-effective design. Although, static ship loaders and unloaders have a high capacity and efficiency, which is one of its main advantages. Furthermore, they require less maintenance and are less expensive to run over time; stationary ship loaders and unloaders are frequently more economical than their mobile counterparts.
Saudi Arabia has a substantial impact on the GCC ship loader and unloader industry due to the presence of numerous vital ports that are essential to the region's trade and commerce. With intentions to significantly enlarge and modernize its ports over the next ten years, the Kingdom has recently made sizable expenditures in its port infrastructure. The King Abdullah Port, one of the biggest ports in the area and a significant contributor to Saudi Arabia's economy is an example of this investment.
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Mobile Segment Dominates the Market Due to High Efficiency
The mobile segment is anticipated to expand at the largest CAGR throughout the forecast period due to features such as high efficiency and remote accessibility, as well as rising use in various industries like mining, packing and seaports. The flexibility and adaptability of mobile ship loaders and unloaders are one of their main advantages. They're perfect for processing cargo in challenging locations with stationary equipment because they can be quickly moved to different regions of the port or harbour as needed.
The United Arab Emirates (UAE) is dominating the GCC ship loader and unloader market. The UAE is anticipated to continue to lead market growth with plans to upgrade and extend its port infrastructure over the following ten years. To help the market, other GCC nations including Saudi Arabia, Kuwait, and Oman, are also investing in their port infrastructure.
A comprehensive analysis of the major players in the GCC Ship Loader and Unloader market has been recently conducted in a report. The report encompasses various aspects, including collaborations, mergers, innovative business policies, and strategies, providing valuable insights into key trends and breakthroughs in the market. Furthermore, the report scrutinizes the market share of the top segments and presents a detailed geographic analysis. Lastly, the report highlights the major players in the industry and their endeavours to develop innovative solutions to cater to the growing demand.
Key Developments in GCC Ship Loader and Unloader Market
- In July 2022, Pact agreed to build a logistics hub and container goods station in the Sohar port.
- In August 2021, The opening of a new jetty extension and extra raw material storage facilities at its maritime port were announced by Aluminium Bahrain (Alba), the largest aluminium smelter in the world.
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Key Questions Answered in GCC Ship Loader and Unloader Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- List the top companies in the market and explain how they have achieved their positions of influence?
- In what ways do regional trends and patterns differ within the global market, and how these differences shape the market's future growth?
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