Port Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Port Equipment Manufacturers is segmented by Equipment Type (Cranes, Trucks, Reach Stackers, Forklifts, and others), Application (Container handling, ship handling), Fuel Type (Diesel, Electric, Hybrid) and Geography.

Port Equipment Market Size

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 Port Equipment Market
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Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 4.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Port Equipment Market Size

*Disclaimer: Major Players sorted in no particular order

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Port Equipment Market Analysis

The port equipment market is anticipated to register a CAGR of about 4%, during the forecast period (2020 - 2025).

  • Some of the major factors driving the growth of the market are growing trade relations between countries. Primary factor for all trade is the mode of transport and distance. Cost effective transport enhances trade activities with lesser time, low traffic and congestion along with the ability to manage more cargo. With this advantage over other modes, marine trade activities are gaining popularity on a global scale.
  • Asia-Pacific is expected to witness a high growth rate during the forecast period.
    But because of the trade tensions between US and China, the years 2018 and 2019 showed some signs of slowdown in the marine trade activities which have further led to reduced import-export activities. Recent agreements between the two nations have shown some signs of relief for the world economy and trade is expected to be on a growing track. This deal will ease the tension between the two major economies of the world and the growth for the marine trade is expected to rise again.

Port Equipment Market Trends

This section covers the major market trends shaping the Port Equipment Market according to our research experts:

Government Initiatives for Development of Ports are Driving the Market

In India, till November 2019, several projects with total project cost of USD 1.90 billion have been awarded in the last three years for the upgradation of major ports. As of Union Budget 2019-20, the total allocation for the Ministry of Shipping is USD 272.22 million. In March 2018, a revised Model Concession Agreement (MCA) was approved to make port projects more investor-friendly and make investment climate in the sector more attractive. In January 2018, Yangshan Port, China inaugurated automated container terminal port with investment of USD 2.15 billion.These kinds of initiatives will increase the volume capacity of the docks and to handle the containers and tankers more port equipment will be required which will create a demand in the market.

Port Equipment Market Share

Asia Pacific is Expected to be the Leader

Asia pacific region accounts for around 65% of the world traffic of the maritime trade transport. With the presence of some of the major developing nations in the world like China and India, the region has seen government investments in the port industry on a large scale. Around 95% of the trade by volume takes place through marine route in India so there is a demand for more developed and large port in the region. For instance, the Government of India has initiated project Unnati under which the plan is to upgrade and improve the efficiency of 12 ports in the country. This will lead to growth for the port equipment industry in the region during the forecast period.

Port Equipment Market Forecast

Port Equipment Industry Overview

The Port Equipment market is concentrated, with a few players accounting for significant amounts of shares in the market. Some of the prominent companies in the port equipment market are Kalmar, Sany, Kone Cranes, CVS Ferrari. Companies are investing heavily in research and development for the innovation of new and advanced products and technologies that are reducing the carbon footprints and increasing the handling capacities. In April 2019, Kalmar introduced a fully electric version of the Kalmar Empty Container Handler. In January 2020, Konecranes has signed contracts with Yilport for the delivery of Automated RTG systems to Yilport's European container terminals in Portugal and one in Sweden

Port Equipment Market Leaders

  1. Liebherr Group

  2. Sany Heavy Industry Co. Ltd

  3. KoneCranesOyj

  4. CVS Ferrari

  5. Kalmar

*Disclaimer: Major Players sorted in no particular order

Liebherr Group, KonecranesOyj, Sany Heavy Industry Co. Ltd.,  CVS Ferrari, Kalmar,  TTS Group, Hyster-Yale Group, Famur Famak S.A.
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Port Equipment Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porters Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Equipment Type

      1. 5.1.1 Cranes

      2. 5.1.2 Trucks

      3. 5.1.3 Reach Stackers

      4. 5.1.4 Forklifts

      5. 5.1.5 Others

    2. 5.2 Application

      1. 5.2.1 Container Handling

      2. 5.2.2 Ship Handling

    3. 5.3 Fuel Type

      1. 5.3.1 Diesel

      2. 5.3.2 Electric

      3. 5.3.3 Hybrid

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Rest of North America

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Rest of Europe

      3. 5.4.3 Asia Pacific

        1. 5.4.3.1 India

        2. 5.4.3.2 China

        3. 5.4.3.3 Japan

        4. 5.4.3.4 South Korea

        5. 5.4.3.5 Rest of Asia-Pacific

      4. 5.4.4 Rest of the World

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Mexico

        3. 5.4.4.3 United Arab Emirates

        4. 5.4.4.4 Other Countries

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Liebherr Group

      2. 6.2.2 KonecranesOyj

      3. 6.2.3 Sany Heavy Industry Co. Ltd.

      4. 6.2.4 CVS Ferrari

      5. 6.2.5 Kalmar

      6. 6.2.6 TTS Group

      7. 6.2.7 Hyster-Yale Group

      8. 6.2.8 Famur Famak S.A.

      9. 6.2.9 ABB Ltd.

      10. 6.2.10 Cavotec

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Port Equipment Industry Segmentation

The port equipment market covers the latest trends and technological development in the port equipment market, demand of the by Equipment Type (Cranes, Trucks, Reach Stackers, Forklifts, and others), Application (Container handling, ship handling), fuel type (Diesel, Electric, Hybrid) and Geography.

Equipment Type
Cranes
Trucks
Reach Stackers
Forklifts
Others
Application
Container Handling
Ship Handling
Fuel Type
Diesel
Electric
Hybrid
Geography
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Rest of Europe
Asia Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
Brazil
Mexico
United Arab Emirates
Other Countries
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Port Equipment Market Research FAQs

The Port Equipment Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

Liebherr Group, Sany Heavy Industry Co. Ltd, KoneCranesOyj, CVS Ferrari and Kalmar are the major companies operating in the Port Equipment Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Port Equipment Market.

The report covers the Port Equipment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Port Equipment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Port Equipment Industry Report

Statistics for the 2024 Port Equipment market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Port Equipment analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Port Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)