What is Global Port Equipment Market?
The Global Port Equipment Market is a vast and dynamic sector that plays a crucial role in the global economy. It encompasses a wide range of machinery and equipment used in ports worldwide for various operations such as loading, unloading, and handling of cargo. This market is driven by the increasing volume of seaborne trade, advancements in technology, and the growing need for efficient and safe port operations. The equipment used in ports includes cranes, shiploaders, container lift trucks, tug boats, mooring systems, and others. These machines are designed to perform specific tasks and are integral to the smooth functioning of ports. The value of the global port equipment market was estimated at US$ 25150 million in 2023.
Mooring Systems, Tug Boats, Cranes, Shiploaders, Container Lift Trucks, Other in the Global Port Equipment Market:
The different types of equipment used in the Global Port Equipment Market include Mooring Systems, Tug Boats, Cranes, Shiploaders, Container Lift Trucks, among others. Mooring systems are used to secure ships to the dock, ensuring their stability during loading and unloading operations. Tug boats are essential for guiding large vessels safely into and out of the port. Cranes are used for lifting and moving heavy loads, while shiploaders are used for loading bulk materials onto ships. Container lift trucks are used for handling and transporting containers within the port. Each of these equipment types plays a vital role in port operations, contributing to the efficiency and safety of the port.
Commercial Port, Industrial Port, Other in the Global Port Equipment Market:
The Global Port Equipment Market finds its application in various areas such as Commercial Ports, Industrial Ports, and others. Commercial ports are primarily involved in the handling of goods and passengers. They require a wide range of port equipment for efficient operations, including cranes for cargo handling, tug boats for vessel maneuvering, and mooring systems for securing ships. Industrial ports, on the other hand, are specialized ports that handle specific types of cargo, such as bulk cargo, liquid cargo, or containerized cargo. They require specialized equipment like shiploaders for bulk cargo and container lift trucks for containerized cargo. Other applications of port equipment include maintenance and repair operations, salvage operations, and port construction projects.
Global Port Equipment Market Outlook:
Looking at the market outlook, the Global Port Equipment Market was valued at US$ 25150 million in 2023. It is expected to grow and reach a value of US$ 31010 million by 2030. This growth represents a Compound Annual Growth Rate (CAGR) of 2.6% during the forecast period from 2024 to 2030. This growth can be attributed to the increasing global trade, advancements in technology, and the growing need for efficient and safe port operations. The market is expected to witness significant growth in the coming years, driven by the increasing demand for port equipment in both commercial and industrial ports.
| Report Metric | Details |
| Report Name | Port Equipment Market |
| Accounted market size in 2023 | US$ 25150 million |
| Forecasted market size in 2030 | US$ 31010 million |
| CAGR | 2.6% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Liebherr (Switzerland), TTS (Norway), Kalmar (Finland), Konecranes (Finland), Sany (China), Shanghai Zhenhua Heavy Industries (ZPMC) (China), Hyster (US), Lonking (China), CVS Ferrari (Italy), Anhui Heli (China), Famur Famak (Poland) |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
