Global Port Equipment Market Report 2023: Sector is Expected to Reach $35.57 Billion by 2032 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Port Equipment Market Share, Size, Trends, Industry Analysis Report, By Equipment Type, By Application, By Type, By Region, Segment Forecast, 2023-2032” report has been added to ResearchAndMarkets.com’s offering.

The global port equipment market size is expected to reach USD 35.57 billion by 2032, according to a new study. The report gives a detailed insight into current market dynamics and provides analysis on future market growth.

Increasing awareness regarding the carbon footprint and growing inclination towards the environment friendly transportation, and continuous rise in the adoption and integration of automated equipment, that enable port operators for higher convenient and comparatively easier handling of cargo are the primary factors supporting the global market growth.

Furthermore, the use of various newly developed and innovated forklift trucks, automated transit vehicles, reach stackers, container lift trucks, and others have significantly increased with the development of ports globally, which in turn is likely to augment the growth and demand of the market.

For instance, in December 2022, PALFINGER, unveiled its latest FHS Series forklifts basically for construction sites and industrial applications. The new forklifts come with a full range capacity of 5,500-Ib & are available in 4 different forms. It enables the operator to lift full capacity at maximum reach.

In the recent years, the transportation through oceans has become more feasible and cost-effective especially for international trade, as it is the most used transport all over the world, around 80% of the total trade volume in goods is being transported by oceans and this proportion is even greater and large for emerging countries like China and India, which creates high demand for larger ports and efficient equipment to manage various kinds of operations smoothly and perfectly, thus the demand and adoption of advanced port equipment will gain significant traction in the coming years.

Companies Mentioned

• Liebherr Group
• Konecranes Abp
• Sany Heavy Industries Co. Ltd.
• Shanghai Zhenhua Heavy Industries
• Anhui Heli
• American Crane & Equipment
• Til Limited
• Lonking Holdings Ltd.
• McNally Bharat Engineering
• Timars Svets & Smide Ab
• CVS Ferrari
• Cavotec
• Hyster
• Prosertek

Port Equipment Market Report Highlights

• Cranes segment accounted for highest market share in 2022, which is mainly accelerated by increased proliferation for replacing old cranes into new advanced models
• Container handling segment held the significant market revenue share owing to surge in the global trade activities and improvement in its performance and operational efficiency
• Hybrid segment is projected to grow at fastest growth rate during the anticipated period, on account increasing government and private organizations focus on transportation of ports towards green ports
• Asia Pacific region dominated the port equipment market in 2022, which is highly attributable to presence of various large ports and continuous growth in the commerce or trade activities in the region

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Research Methodology

4. Global Port Equipment Market Insights

4.1. Port Equipment Market – Type Snapshot

4.2. Port Equipment Market Dynamics

4.2.1. Drivers and Opportunities

4.2.1.1. Increase in usage of electric port equipment to minimize the carbon consumption

4.2.1.2. Surge in demand for cargo transportation to increase the demand for port equipment

4.2.2. Restraints and Challenges

4.2.2.1. Huge investments and maintenance cost

4.3. Porter’s Five Forces Analysis

4.4. PESTEL Analysis

4.5. Port Equipment Market Type Trends

4.6. Value Chain Analysis

4.7. COVID-19 Impact Analysis

5. Global Port Equipment Market, by Equipment Type

6. Global Port Equipment Market, by Application

7. Global Port Equipment Market, by Type

8. Global Port Equipment Market, by Geography

9. Competitive Landscape

9.1. Expansion and Acquisition Analysis

9.1.1. Expansion

9.1.2. Acquisitions

9.2. Partnerships/Collaborations/Agreements/Exhibitions

10. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/qeq66a

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