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Port Machinery Equipment Market Share
In 2023, key companies like Konecranes, Liebherr, Sany Heavy Industry, Anhui Heli, etc. held a combined market share of 40-45%. These companies are actively engaging in mergers, acquisitions, facility expansions, and collaborations to enhance their product portfolios, reach more customers, and strengthen their market positions.
Companies are heavily investing in research and development to develop advanced port machinery equipment that aligns with the changing and evolving industry’s needs and preferences. Competitive strategies frequently center on product differentiation, where manufacturers augment their offerings with distinctive features, and geographic expansion to penetrate emerging markets. In this dynamic environment, companies that adeptly innovate and respond to market trends are poised for the most significant growth.
Port Machinery Equipment Market Companies
Major players operating in the port machinery equipment industry are:
- ABB
- Anhui Heli
- Cargotec
- Gaussin Group
- Kalmar
- konecranes
- Liebherr group
- Mitsubishi
- Prosertek Group
- Sany Heavy Industry
- Shanghai Zhenhua Heavy Industries
- Toyota
How big is the port machinery equipment market?
The global market for port machinery equipment was reached USD 13.2 billion in 2023 and is estimated to grow at a 5.5% CAGR from 2024 to 2032, driven by economic trends, technological advancements, and logistics demands.
Why is the use of cranes in port machinery equipment rising?
The cranes segment reached USD 3.94 billion in 2023 and is set to grow at a 6.1% CAGR from 2024 to 2032, due to the increasing demand for efficient cargo handling driven by globalization and e-commerce.
What is the size of the diesel-powered port machinery equipment market?
The diesel-powered segment held a dominant revenue share of around 41.5% in 2023, as diesel machines are essential in regions with infrastructure limitations or cost constraints.
What trends are influencing the U.S. port machinery equipment market growth?
The U.S. port machinery equipment market crossed USD 2.4 billion in 2023 and is estimated to grow at a 5.8% CAGR from 2024 to 2032, led by the e-commerce surge and trade agreements like the USMCA.
Who are the major players in the port machinery equipment market?
Key players in the industry include ABB, Anhui Heli, Cargotec, Gaussin Group, Kalmar, Konecranes, Liebherr Group, Mitsubishi, Prosertek Group, Sany Heavy Industry, Shanghai Zhenhua Heavy Industries, and Toyota.