Port Equipment Market Size, Share Global Analysis Report, 2021 – 2026

Industry Insights

[197+ Pages Report] Facts & Factors recently published the latest finding surrounding the Global Port Equipment Market. In the current study, the global port equipment market surrounding port equipment is expected to reach a projected value of USD 35.3 Billion in the year 2026 with a growth rate of 3.9% CAGR from an initial value of USD 30.2 Billion in the year 2020.

Market Overview

Port equipment is the set of physical infrastructure that aid in assisting a litany of tasks in a maritime facility that compromises of one or more loading areas and discharges cargo and passengers. These locations are often on a seacoast or estuary and can be further found inland in some regions. The primary purpose of port equipment is to provide a rapid and accessible point of entry between ships and land-based models for the purpose of the transfer.

Industry Growth Factors

The contributing factors for the global port equipment market during the forecast period can be attributed to the rising number of container shipments across the global overview coupled with the rising number of vessel count and trade volume to name a few. Additionally, the rising focus of emerging economies on developing new ports coupled with increasing trading routes for heavy and bulk goods is expected to increase the footprint of the global port equipment market during the forecast period. Moreover, factors pertaining to large cargo space availability, economical and safety-based measures are expected to boost the global port equipment market during the forecast period.

The global port equipment market is expected to be driven by factors contributing to rising investment measures by the private and public sectors coupled with the integration of smart solutions such as optimized operations reduced logistics costs and rising efficiency measures to name a few. However, the advent of COVID-19 is expected to hamper the growth of the global port equipment market during the advent of the forecast.

Segmentation Analysis

The global port equipment market is segmented into application, equipment type, type, and region.

The global port equipment market is divided into container handling, bulk handling, ship handling, and others on the basis of application. The segment pertaining to container handling is expected to witness the largest market share during the advent of the forecast owing to increased functionality in terms of stacking, bulk handling, scrap handling, heavy lifting, and general cargo loading and unloading to name a few. The global port equipment market is categorized into tugboats, cranes, mooring systems, ship loaders, reach stackers, automated guide vehicles, container lift trucks, terminal tractors, straddle carriers, and others on the basis of equipment type. The crane's category is expected to witness the largest market share during the advent of the forecast owing to decreasing the cost per move coupled with the rising number of superior efficiency and rising number of harbors to name a few. On the basis of type, the global port equipment market is classified into diesel, electric, and hybrid. The diesel category is expected to witness the largest market share during the advent of the forecast owing to larger fuel efficiency, power, performance, and reliability.

Report Scope

Regional Analysis

North America is expected to witness the largest market share during the advent of the forecast owing to the rising number of products by the key market participants in the region coupled with the development of advanced technologies to name a few. The region of Europe is expected to occupy a substantial amount of market share during the advent of the forecast owing to a healthier economy coupled with penetration of international players towards the region to name a few. The region of Asia-Pacific is expected to witness the fastest growing CAGR market share during the advent of the forecast owing to the rising number of port equipment being launched in the region and increasing demand of greenfield-based projects to name a few.

Competitive Players

The key market participants in the global port equipment market are:

• Liebherr
• TTS
• Kalmar
• Konecranes
• Sany
• Shanghai Zhenhua Heavy Industries
• Hyster
• Lonking
• CVS Ferrari
• Anhui Heli
• Famur Famak
• American Crane & Equipment
• ABB
• SANMAR

By Application Segment Analysis

• Container Handling
• Bulk Handling
• Ship Handling
• Others

By Equipment Type Segment Analysis

• Tugboats
• Cranes
• Mooring System
• Ship Loaders
• Reach Stackers
• Automated Guide Vehicles
• Container Lift Trucks
• Terminal Tractors
• Straddle Carriers
• Others

By Type Segment Analysis

• Diesel
• Electric
• Hybrid