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Port Equipment Market Share

Report ID: GMI3288
Published Date: Jul 2019
Report Format: PDF

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Port Equipment Market Share

Prominent players in the port equipment market include

Kalmar
TTS Group ASA
Konecranes
Liebherr
Shanghai Zhenhua Heavy Industries
Lonking Holdings Limited
Prosertek Group S.L

The other participants in the market includes

Sany
Anhui Heli
Famur Famak
American Crane & Equipment
ABB
Til Limited
Kooiman
SANMAR

The equipment manufacturers are undergoing strategic contracts with port operators to supply the equipment. For instance, in February 2019, Kalmar signed contract with South Florida Container Terminal, LLC to provide 6 zero emission RTG cranes.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of port equipment was estimated at over USD 6.5 billion in 2018.

The industry share of port equipment will grow at a CAGR of 4.5% from 2019 to 2025.

Europe market is poised to emerge as a major regional contributor, due to rising bulk cargo trade in Italy and UK along with strict government regulations for emission control.

According to this research report by GMI, Diesel type segment is set to showcase significant growth till 2025 owing to performance, fuel efficiency, reliability, and power.

Prominent companies operating in the market include Kalmar, TTS Group ASA, Konecranes, Liebherr, Shanghai Zhenhua Heavy Industries, Lonking Holdings Limited, and Prosertek Group S.L.

The ship handling application segment growth in the market is propelled by increasing loading as well as discharging operations.