Dublin, Dec. 03, 2024 (GLOBE NEWSWIRE) -- The "Port Equipment - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Port Equipment was estimated at US$35.2 Billion in 2023 and is projected to reach US$46.7 Billion by 2030, growing at a CAGR of 4.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. 
Several factors are driving the growth of the global port equipment market, including the increasing volume of international trade, advancements in port automation and digitalization, and the push for sustainability in port operations. One of the primary drivers is the global rise in container shipping and cargo volumes, fueled by growing consumer demand, e-commerce, and industrialization. As global trade continues to expand, ports are under pressure to increase capacity and improve efficiency, which is driving the demand for advanced port equipment capable of handling larger volumes of cargo in shorter turnaround times.
The shift toward port automation is another significant driver of market growth. Automated port equipment, such as AGVs, ASCs, and automated container handling systems, is being deployed to enhance cargo handling speed, reduce operational costs, and minimize human error. As ports seek to increase efficiency and handle larger volumes of goods with fewer resources, automation is becoming a key competitive advantage. Major ports around the world are investing heavily in automation technologies to stay ahead of global competition, further propelling the demand for automated port equipment. Sustainability and environmental regulations are also playing a crucial role in shaping the port equipment market.
Ports are under increasing pressure to reduce their environmental impact by adopting green technologies that lower emissions, reduce energy consumption, and minimize waste. This has led to the growing adoption of electric and hybrid port equipment, shore-to-ship power systems, and energy-efficient port infrastructure. Ports are also integrating renewable energy sources such as solar power and implementing energy management systems to optimize energy use and reduce carbon emissions. Governments and regulatory bodies, particularly in Europe and North America, are enforcing stricter environmental standards, which is further driving the demand for sustainable port equipment.
The expansion of global supply chains and the rise of mega-ships are also boosting the port equipment market. As shipping companies continue to deploy larger vessels to reduce shipping costs per container, ports are investing in larger and more powerful cranes, automated stacking systems, and improved yard management systems capable of handling these mega-ships. The need for upgraded infrastructure and more advanced handling equipment is critical to managing the increasing cargo capacities and ensuring the efficient operation of global supply chains. In addition, the increasing focus on digitalization and data-driven port management is driving demand for smart port technologies.
Ports are increasingly adopting IoT-enabled port equipment, AI-powered predictive analytics, and real-time monitoring systems to enhance operational visibility, optimize cargo movement, and improve decision-making. The integration of digital twin technology, which creates virtual models of port operations and equipment, is helping ports simulate and optimize their processes, reduce downtime, and increase throughput. The convergence of data analytics, IoT, and AI is expected to significantly boost efficiency and innovation in the port equipment sector.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players in the Global Port Equipment Market such as ABB, American Crane & Equipment, Anhui Heli, Baltkran, Cavotec and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Questions Answered:
- How is the Global Port Equipment Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Scope of the Study
- Type (Electric, Diesel, Hybrid)
- Equipment Type (Tug Boats, Cranes, Shiploaders, Mooring Systems, Forklift Trucks, Container Lift Trucks, Straddle Carriers, Other Equipment Types)
- Application (Container Handling, Bulk Handling, Ship Handling, Other Applications)
- World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 92 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $35.2 Billion |
| Forecasted Market Value (USD) by 2030 | $46.7 Billion |
| Compound Annual Growth Rate | 4.1% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Port Equipment - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Rising Global Trade and Shipping Volumes Spur Demand for Advanced Port Equipment in Cargo Handling Operations
- Increasing Focus on Port Automation Expands Market for Smart, AI-Driven Port Equipment and Systems
- Surge in Demand for Efficient Container Handling Drives Growth in Cranes, Reach Stackers, and Automated Guided Vehicles (AGVs)
- Technological Advancements in Electrification Propel Growth in Eco-Friendly, Energy-Efficient Port Equipment
- Rising Focus on Reducing Carbon Emissions Fuels Adoption of Low-Emission, Hybrid, and Electric Port Equipment
- Expansion of Global Shipping Routes Drives Demand for High-Capacity, Heavy-Lift Port Cranes in Major Port Hubs
- Growing Investment in Infrastructure Upgrades Expands Market for Advanced Port Equipment in Emerging Economies
- Technological Innovations in Remote-Controlled and Autonomous Port Equipment Propel Growth in High-Tech Port Operations
- Increasing Adoption of Smart Port Solutions Expands Market for Real-Time Data and IoT-Enabled Port Equipment
- Surge in Global E-Commerce and Trade Fuels Demand for Fast, Efficient Cargo Handling and Warehousing Equipment
- Rising Focus on Port Security and Safety Drives Growth in Advanced Surveillance and Access Control Systems
- Technological Advancements in Container Tracking and Monitoring Propel Growth in RFID-Enabled and GPS-Based Equipment
- Increasing Focus on Reducing Operational Downtime Expands Demand for Predictive Maintenance Solutions in Port Equipment
FOCUS ON SELECT PLAYERS:Some of the 36 companies featured in this Global Port Equipment Market report include
- ABB
- American Crane & Equipment
- Anhui Heli
- Baltkran
- Cavotec
- CVS Ferrari
- Famur Famak
- Hyster
- Kalmar
- Konecranes
- Liebherr
- Lonking Holdings Limited
- Mcnally Bharat Engineering
- Prosertek
- Sany
- Shanghai Zhenhua Heavy Industries (ZPMC)
- Til Limited
- Timars Svets & Smide Ab
- TTS
For more information about this report visit https://www.researchandmarkets.com/r/dli8z9
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