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Chicago, Dec. 07, 2022 (GLOBE NEWSWIRE) — Port Equipment Market by Solutions (Equipment, Software & Solutions), Investment (New Ports, Existing Ports), Application, Type (Diesel, Electric, Hybrid), Operation (Conventional, Autonomous) and Region – Global Forecast to 2027″, The Port equipment market is projected to grow from USD 18.2 billion in 2022 to USD 20.0 billion by 2027, at a CAGR of 1.9%.
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Scope of the Report
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Report Metric |
Details |
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Market size available for years |
2018–2027 |
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Base year considered |
2022 |
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Forecast period |
2022-2027 |
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Forecast units |
Value (USD Million/USD Billion) |
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Segments covered |
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Geographies covered |
North America, Europe, Asia Pacific, Middle East, and Rest of the World |
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Companies covered |
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“Browse in-depth TOC on “ Port Equipment Industry“
280 – Tables
55 – Figures
256 – Pages
Kalmar
Kalmar is a fully owned subsidiary of Cargotec Corporation (Finland). The company provides cargo handling equipment and services for seaports, terminals, distribution centers, and heavy industries. It manufactures and sells straddle & shuttle carriers, terminal tractors, rail-mounted gantry (RMG) cranes, rubber tire gantry (RTG) cranes, yard cranes, ship to shore cranes, reach stackers, empty container handlers, and forklift trucks, among other equipment. Its container handling equipment is used for intermodal and industrial handling.
Konecranes Abp
Konecranes Abp offers equipment for multiple industries, such as general manufacturing, automotive, mining, steel, power, petrochemicals & gas, pulp & paper, shipyards, container handling, metal production, and nuclear. The company provides container handling equipment with a stacking capacity range of 35 to 150 tons for intermodal applications, barge handling, and industrial handling. It has a strong foothold in the material handling equipment industry and serves customers at 600 locations in more than 50 countries.
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The break-up of the profile of primary participants in the Port equipment market::
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By Company Type: Tier 1 – 77%, Tier 2 – 15%, and Tier 3 – 8%
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By Designation: C Level – 79%, Director Level – 16%, and Others – 5%
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By Region: North America – 9%, Europe – 15%, Asia Pacific – 51%, Middle East– 16%, Rest of the World – 9%.
Recent Developments
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In July 2022, Shanghai Zhenhua Heavy Industries delivered the last 2 equipment of the 56 automated rail crane contract signed by the PSA Tuas Terminal in Singapore.
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In March 2022, Port Gdansk Eksploatacja S.A., one of the leading port operators in Poland, has signed a contract with Liebherr Group for a new LHM 550 mobile harbor crane. The machine is primarily used for bulk handling.
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In January 2022, Liebherr Group handed over 3 fully automated rail mounted gantry cranes to the CSX Carolina Connector Intermodal Terminal (CCX) in Rocky Mount, North Carolina. The cabinless RMGs have been supplied with Liebherr Remote operator Stations (ROS) for supervised moves and exception handling.
What are some of the technological advancements in the market?
Various research activities have been conducted by manufacturers across the globe to enhance Port equipment. Technologies such as artificial intelligence and deep learning, internet of things (IoT), Internet of Vehicles (IoV), Hydrotreated Vegetable Oils (HVO) will bring in huge advancements in the port equipment market.
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