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Port Equipment Market by Equipment Type (Mooring Systems, Tug Boats, Cranes, Shiploaders, Container Lift Trucks, Reach Stackers, Forklift Trucks, Automated Guided Vehicles, Terminal Tractors, Straddle Carriers), Type, Application, Demand, and Region - Global Forecast to 2025

Published: January 2019

No. of Pages: 172

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Report Description
Table of Contents

Increasing seaborne trade across the globe and growing number of container shipments in Asia Pacific and the Middle East are the major factors for the growth of the global port equipment market.

The port equipment market size is expected to grow from USD 29.2 billion in 2018 to USD 36.6 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 3.30% during the forecast period. The market for port equipment is driven by numerous factors, such as the increasing seaborne trade. According to a publication of United Nations Conference on Trade and Development (UNCTAD), the global seaborne trade reached nearly 12.72 billion tons in 2017 due to the increasing global population, growing global Gross Domestic Product (GDP), rising disposable income especially in Asian countries, and growing standard of living. This has increased the import-export trade between countries to meet the demand for various goods. High capital and maintenance costs of port equipment are limiting the overall growth of the market.

Tug Boats segment is estimated to account for the largest share of the port equipment market in 2018due to the increasing demand for container handling, stacking applications.

Based on equipment type, the tug boats segment is estimated to account for the largest share of the port equipment market in 2018. Tug boats perform a diverse set of operations including mooring, ice breaking, firefighting, and oil spill response. In port equipment, these boats are mainly identified as harbor tugs used in assisting bigger vessels or in berthing and unberthing. These boats differ as per operations, and they have different specifications with the type of vessels they maneuver.

Container handling equipment segment is estimated to account for the largest share of the port equipment market in 2018.

Based on application, the container handling equipment segment is estimated to account for the largest share of the port equipment market in 2018. In recent years, container transportation has increased steadily across the world. This has increased the number of daily containers handled at port terminals, which, in turn, has generated the need for efficient and faster equipment for bulk cargo, material, and container handling.

Europe is estimated to account for the largest share of the port equipment market in 2018.

Europe is estimated to account for the largest share of the port equipment market in 2018.

European countries have a robust economy, and the region is the home to some of the leading manufacturers of port equipment which drives the market here. Konecranes (Finland), Kalmar (Finland), and Liebherr (Switzerland) are the key manufacturers, dealers, distributors of this equipment in the region.

Break-up of profiles of primary participants in theport equipment market

By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
By Designation: C-Level Executives– 35%, Directors – 25%, and Others – 40%
By Region: North America –45%, Europe – 20%, Asia Pacific – 30%,Rest of the World 5%

Key players in the port equipment market are 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), and Famur Famak (Poland), among others. These companies provide port equipment in various countries across North America, Europe, and Asia Pacific.

Research Coverage:

The market study covers the port equipment market across segments. It aims at estimating the market size and the growth potential of this market across different segments, such as equipment type, application, type, demand, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Reasons to buy this report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall port equipment market and its sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Regional Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions

3 Premium Insights
3.1 Attractive Growth Opportunities in Port Equipment Market
3.2 Port Equipment Market, By Equipment Type
3.3 Port Equipment Market, By Type
3.4 Port Equipment Market, By Application
3.5 Port Equipment Market, By Region

4 Executive Summary

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Seaborne Trade Across the Globe
5.2.1.2 Rising Container Shipments in Asia Pacific & the Middle East
5.2.2 Restraints
5.2.2.1 High Capital and Maintenance Costs of Port Equipment
5.2.3 Opportunities
5.2.3.1 Automation Technologies in Port Equipment Aiding More Efficiency in Different Applications
5.2.4 Challenges
5.2.4.1 Synchronization Issue With Different Equipment for Various Applications
5.2.4.2 Several Accidents Occurred Using Port Equipment

6 Industry Trends
6.1 Introduction
6.2 Technology Trends
6.2.1 Automation of Stacking Operations at Ports
6.2.2 Upgradation of Old Cranes With Electrical Components
6.2.3 Introduction of New Engines With Reduced Emissions
6.2.4 Use of Advanced Materials in Manufacturing Port Equipment
6.2.5 Increased Use of Sensors in Ships and Ports
6.2.6 Adoption of Automated Port Management
6.2.7 Introduction of Simulation-Based Training for Operating Port Equipment
6.3 Innovations & Patent Registrations
6.4 Analysis of Key Trends of the Port Equipment Market

7 Port Equipment Market, By Equipment Type
7.1 Introduction
7.2 Tug Boats
7.2.1 Tug Boats Used in Assisting Bigger Vessels Or in Berthing and Unberthing
7.3 Cranes
7.3.1 Rubber-Tired Gantry (RTG) Cranes
7.3.1.1 RTG Cranes are Capable of Stacking A Maximum of 50–55 Tons
7.3.2 Electrified Rubber-Tired Gantry (E-RTGS) Cranes
7.3.2.1 E-RTGS Cranes Have High Demand From Port Terminals Due to Emission Control
7.3.3 Ship-To-Shore Cranes
7.3.3.1 Ship-To-Shore Cranes Lifts Containers Ranging From 40–100 Tons
7.3.4 Yard Cranes
7.3.4.1 Due to the Rising Demand for Automation Level at Port Terminals Yard Cranes are Highly Effective at Port Terminal
7.3.5 Rail-Mounted Gantry (RMG) Cranes
7.3.5.1 RMG Cranes Have Benefit of Lifting Containers at Multiple Stacking Heights and Spans
7.3.6 Automated Stacking Cranes
7.3.6.1 Asc are Important Equipment for Container Handling Application
7.4 Shiploaders
7.4.1 Demand for Shiploaders has Increased Due to Unloading of Bulk Cargo
7.5 Reach Stackers
7.5.1 Rising Containers Volume at Port Terminal has Surged the Demand for Reach Stackers
7.6 Mooring Systems
7.6.1 Increasing Quayside Efficiency has Surged the Demand for Mooring Systems
7.7 Automated Guided Vehicles (AGVS)
7.7.1 Increasing Seaborne Trade has Surged the Demand for AGVS
7.8 Forklift Trucks
7.8.1 Demand for Forklifts has Increased at Small and Medium Port Terminals
7.9 Container Lift Trucks
7.9.1 Empty Container Lift Trucks
7.9.1.1 Quick Transportation of Empty Containers at the Port Terminals for Loading
7.9.2 Laden Container Lift Trucks
7.9.2.1 Use of Electric Laden Container Lift Trucks has Driven the Port Equipment Market
7.10 Terminal Tractors
7.10.1 4x2 Terminal Tractors
7.10.1.1 Adoption of Electric Terminal Tractors for Better Port Efficiency
7.10.2 4x4 Terminal Tractors
7.10.2.1 Increase in Container Size has Surge the Demand for 4x4 Terminal Tractor
7.11 Straddle Carriers
7.11.1 Key Suppliers of Automated Straddle Carriers That Have Better Operational Efficiency
7.12 Others

8 Port Equipment Market, By Application
8.1 Introduction
8.2 Container Handling
8.2.1 Increased Activities at Marine Ports has Led to the Growth of the Container Handling Application
8.3 Bulk Handling
8.3.1 Increased Industrialization has Surged the Demand for Bulk Handling Equipment
8.4 Ship Handling
8.4.1 Maneuvering of Ship to the Port Terminal has Driven the Port Equipment Market
8.5 Others

9 Port Equipment Market, By Type
9.1 Introduction
9.2 Diesel
9.2.1 Companies are Upgrading Their Existing Products Which are Fuel-Efficient and Environment-Friendly
9.3 Electric
9.3.1 Growing Stringency of Emission Regulations and the Desire for Operational Efficiency
9.4 Hybrid
9.4.1 Reduction in Fuel Consumption and Emission By Almost 40–50% has Surged Demand for Hybrid Equipment

10 Port Equipment Market, By Demand
10.1 Introduction
10.2 New Demand
10.2.1 With the Upcoming Projects Or Port has Created Demand for New Port Equipment
10.3 MRO
10.3.1 Increase in the Efficiency of the Work Environment, and Reduce Energy Consumption has Made Port Association to Upgrade Older Equipment

11 Port Equipment Market, By Region
11.1 Introduction
11.2 North America
11.2.1 US
11.2.1.1 US Uses Container Handling Equipment for Port Operations
11.2.2 Canada
11.2.2.1 With the Highest Number of Vessels Traffic in the Region, Tug Boats Deliveries are Increasing in the Forecast Period.
11.3 Europe
11.3.1 Sweden
11.3.1.1 Increasing Demand for E-Commerce and the Robust Economies of These Countries
11.3.2 Denmark
11.3.2.1 Major 5 Ports of Sweden are Created Demand for Port Equipment
11.3.3 Germany
11.3.3.1 Germany has the Four Busiest Port Terminal Which has Created Demand for Port Terminal
11.3.4 UK
11.3.4.1 13 Port Terminals of UK has Majorly Contributed to the Port Equipment Market
11.3.5 France
11.3.5.1 France Port Terminal has Highest Electric Equipment Due to Stringent Norms From Government
11.4 Asia Pacific
11.4.1 China
11.4.1.1 Sany and ZPMC Companies Have Their Headquarters in This Region
11.4.2 India
11.4.2.1 Rise in GDP and Seaborne Trade has Surged the Demand for Port Equipment
11.4.3 Philippines
11.4.3.1 Philippines is Developing New Port Development Along With Modernization Port Terminals Projects
11.4.4 South Korea
11.4.4.1 Trans- Shipment in South Koreas has Become Important With Increase in Size , Which Needs Equipment Upgradation
11.4.5 Australia
11.4.5.1 Increase in Demand for Lng and Other Natural Gas Producers, Industry Operators Have Increasingly Invested in Port Expansion Projects in Australia
11.4.6 Singapore
11.4.6.1 Singapore Will Use Automated Port Equipment for Better Productivity at Port Operation
11.5 RoW
11.5.1 Latin America
11.5.1.1 Latin America Will Need to Bridge Huge Million Teu Gap Between Demand and A Container Handling Capacity in Ports
11.5.2 Africa & Middle East
11.5.2.1 Africa & Middle East Port Equipment Hampered Due to Insufficient Investment in Port Terminal Infrastructure

12 Competitive Landscape
12.1 Introduction
12.2 Competitive Analysis
12.3 Market Ranking Analysis
12.4 Competitive Scenario
12.4.1 Contracts
12.4.2 New Product Launches
12.4.3 Partnerships
12.4.4 Acquisitions
12.4.5 Agreements
12.4.6 Joint Ventures

13 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
13.1 Liebherr
13.2 ABB
13.3 TTS
13.4 Sany
13.5 Kalmar
13.6 Konecranes
13.7 Hyster
13.8 Cavotec
13.9 Anhui Heli
13.10 Shanghai Zhenhua Heavy Industries (ZPMC)
13.11 CVS Ferrari
13.12 Mcnally Bharat Engineering
13.13 Til Limited
13.14 Lonking Holdings Limited
13.15 Baltkran
13.16 Famur Famak
13.17 Prosertek
13.18 American Crane & Equipment
13.19 Timars Svets & Smide Ab

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix
14.1 Discussion Guide
14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
14.3 Available Customization
14.4 Related Reports
14.5 Author Details

List of Tables

Table 1 Adopted Strategies By Key Players in the Port Industry, 2016–2018
Table 2 Average Cost of Different Equipment Types
Table 3 Innovations & Patent Registrations
Table 4 Port Equipment Market, By Equipment Type, 2016–2025 (USD Million)
Table 5 Cranes Market Size, By Subtype, 2016–2025 (USD Million)
Table 6 Container Lift Trucks Market Size, By Subtype, 2016–2025 (USD Million)
Table 7 Terminal Tractors Market Size, By Subtype, 2016–2025 (USD Million)
Table 8 Port Equipment Market, By Application, 2016–2025 (USD Million)
Table 9 Port Equipment Market, By Type, 2016–2025 (USD Million)
Table 10 Port Equipment Market, By Demand, 2016–2025 (USD Billion)
Table 11 Port Equipment Market Size, By Region, 2016–2025 (USD Million)
Table 12 North America Port Equipment Market Size, By Equipment Type, 2016–2025 (USD Million)
Table 13 North America Cranes Market Size, By Subtype, 2016–2025 (USD Million)
Table 14 North America Container Lift Trucks Market Size, By Subtype, 2016–2025 (USD Million)
Table 15 North America Terminal Tractors Market Size, By Subtype, 2016–2025 (USD Million)
Table 16 North America Port Equipment Market Size, By Type, 2016–2025 (USD Million)
Table 17 North America Port Equipment Market Size, By Application, 2016–2025 (USD Million)
Table 18 North America Port Equipment Market Size, By Demand, 2016–2025 (USD Million)
Table 19 North America: Port Equipment Market Size, By Country, 2016–2025 (USD Million)
Table 20 US: Port Equipment Market Size, By Equipment Type, 2016–2025 (USD Million)
Table 21 US: Port Equipment Market Size, By Type, 2016–2025 (USD Million)
Table 22 US: Port Equipment Market Size, By Application, 2016–2025 (USD Million)
Table 23 Canada: Port Equipment Market Size, By Equipment Type, 2016–2025 (USD Million)
Table 24 Canada: Port Equipment Market Size, By Type, 2016–2025 (USD Million)
Table 25 Canada: Port Equipment Market Size, By Application, 2016–2025 (USD Million)
Table 26 Europe Port Equipment Market Size, By Equipment Type, 2016–2025 (USD Million)
Table 27 Europe Cranes Market Size, By Subtype, 2016–2025 (USD Million)
Table 28 Europe Container Lift Trucks Market Size, By Subtype, 2016–2025 (USD Million)
Table 29 Europe Terminal Tractors Market Size, By Subtype, 2016–2025 (USD Million)
Table 30 Europe Port Equipment Market Size, By Type, 2016–2025 (USD Million)
Table 31 Europe Port Equipment Market Size, By Application, 2016–2025 (USD Million)
Table 32 Europe Port Equipment Market Size, By Demand, 2016–2025 (USD Million)
Table 33 Europe: Port Equipment Market Size, By Country, 2016–2025 (USD Million)
Table 34 Sweden: Port Equipment Market Size, By Equipment Type, 2016–2025 (USD Million)
Table 35 Sweden: Port Equipment Market Size, By Type, 2016–2025 (USD Million)
Table 36 Sweden: Port Equipment Market Size, By Application, 2016–2025 (USD Million)
Table 37 Denmark: Port Equipment Market Size, By Equipment Type, 2016–2025 (USD Million)
Table 38 Denmark: Port Equipment Market Size, By Type, 2016–2025 (USD Million)
Table 39 Denmark: Port Equipment Market Size, By Application, 2016–2025 (USD Million)
Table 40 Germany: Port Equipment Market Size, By Equipment Type, 2016–2025 (USD Million)
Table 41 Germany: Port Equipment Market Size, By Type, 2016–2025 (USD Million)
Table 42 Germany: Port Equipment Market Size, By Application, 2016–2025 (USD Million)
Table 43 UK: Port Equipment Market Size, By Equipment Type, 2016–2025 (USD Million)
Table 44 UK: Port Equipment Market Size, By Type, 2016–2025 (USD Million)
Table 45 UK: Port Equipment Market Size, By Application, 2016–2025 (USD Million)
Table 46 France: Port Equipment Market Size, By Equipment Type, 2016–2025 (USD Million)
Table 47 France: Port Equipment Market Size, By Type, 2016–2025 (USD Million)
Table 48 France: Port Equipment Market Size, By Application, 2016–2025 (USD Million)
Table 49 Asia Pacific Port Equipment Market Size, By Equipment Type, 2016–2025 (USD Million)
Table 50 Asia Pacific Cranes Market Size, By Subtype, 2016–2025 (USD Million)
Table 51 Asia Pacific Container Lift Trucks Market Size, By Subtype, 2016–2025 (USD Million)
Table 52 Asia Pacific Terminal Tractors Market Size, By Subtype, 2016–2025 (USD Million)
Table 53 Asia Pacific Port Equipment Market Size, By Type, 2016–2025 (USD Million)
Table 54 Asia Pacific Port Equipment Market Size, By Application, 2016–2025 (USD Million)
Table 55 Asia Pacific Port Equipment Market Size, By Demand, 2016–2025 (USD Million)
Table 56 Asia Pacific: Port Equipment Market Size, By Country, 2016–2025 (USD Million)
Table 57 China: Port Equipment Market Size, By Equipment Type, 2016–2025 (USD Million)
Table 58 China: Port Equipment Market Size, By Type, 2016–2025 (USD Million)
Table 59 China: Port Equipment Market Size, By Application, 2016–2025 (USD Million)
Table 60 India: Port Equipment Market Size, By Equipment Type, 2016–2025 (USD Million)
Table 61 India: Port Equipment Market Size, By Type, 2016–2025 (USD Million)
Table 62 India: Port Equipment Market Size, By Application, 2016–2025 (USD Million)
Table 63 Philippines: Port Equipment Market Size, By Equipment Type, 2016–2025 (USD Million)
Table 64 Philippines: Port Equipment Market Size, By Type, 2016–2025 (USD Million)
Table 65 Philippines: Port Equipment Market Size, By Application, 2016–2025 (USD Million)
Table 66 South Korea: Port Equipment Market Size, By Equipment Type, 2016–2025 (USD Million)
Table 67 South Korea: Port Equipment Market Size, By Type, 2016–2025 (USD Million)
Table 68 South Korea: Port Equipment Market Size, By Application, 2016–2025 (USD Million)
Table 69 Australia: Port Equipment Market Size, By Equipment Type, 2016–2025 (USD Million)
Table 70 Australia: Port Equipment Market Size, By Type, 2016–2025 (USD Million)
Table 71 Australia: Port Equipment Market Size, By Application, 2016–2025 (USD Million)
Table 72 Singapore: Port Equipment Market Size, By Equipment Type, 2016–2025 (USD Million)
Table 73 Singapore: Port Equipment Market Size, By Type, 2016–2025 (USD Million)
Table 74 Singapore: Port Equipment Market Size, By Application, 2016–2025 (USD Million)
Table 75 RoW Port Equipment Market Size, By Equipment Type, 2016–2025 (USD Million)
Table 76 RoW Cranes Market Size, By Subtype, 2016–2025 (USD Million)
Table 77 RoW Container Lift Trucks Market Size, By Subtype, 2016–2025 (USD Million)
Table 78 RoW Terminal Tractors Market Size, By Subtype, 2016–2025 (USD Million)
Table 79 RoW Port Equipment Market Size, By Type, 2016–2025 (USD Million)
Table 80 RoW Port Equipment Market Size, By Application, 2016–2025 (USD Million)
Table 81 RoW Port Equipment Market Size, By Demand, 2016–2025 (USD Million)
Table 82 RoW: Port Equipment Market Size, By Region, 2016–2025 (USD Million)
Table 83 Latin America: Port Equipment Market Size, By Equipment Type, 2016–2025 (USD Million)
Table 84 Latin America: Port Equipment Market Size, By Type, 2016–2025 (USD Million)
Table 85 Latin America: Port Equipment Market Size, By Application, 2016–2025 (USD Million)
Table 86 Africa & Middle East: Port Equipment Market Size, By Equipment Type, 2016–2025 (USD Million)
Table 87 Africa & Middle East: Port Equipment Market Size, By Type, 2016–2025 (USD Million)
Table 88 Africa & Middle East: Port Equipment Market Size, By Application, 2016–2025 (USD Million)
Table 89 Ranking of Key Players in Port Equipment Market, 2017

List of Figures

Figure 1 Research Process Flow
Figure 2 Port Equipment Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Increased Demand for Electric Port Equipment and Automation of Port Operations are Driving the Growth of Port Equipment Market
Figure 8 Tug Boats Segment Expected to Lead Port Equipment Market From 2018 to 2025
Figure 9 Electric Segment to Lead Port Equipment Market From 2018 to 2025
Figure 10 Cargo Handling Equipment Segment of Port Equipment Market to Grow at the Highest CAGR From 2018 to 2025
Figure 11 Asia Pacific Port Equipment Market to Grow at the Highest CAGR From 2018 to 2025
Figure 12 Straddle Carriers of Port Equipment Market Projected to Grow at Highest CAGR During Forecast Period
Figure 13 Electric Segment Projected to Lead Port Equipment Market By Type During Forecast Period
Figure 14 Container Handling Application Segment Projected to Lead During the Forecast Period
Figure 15 Asia Pacific Port Equipment Market Projected to Grow at Highest CAGR During Forecast Period
Figure 16 Port Equipment Market: Drivers, Restraints, Opportunities & Challenges
Figure 17 Global Seaborne Trade, 2017 (Million Tons)
Figure 18 Top 10 Port Terminals Capacity (Million TEU)
Figure 19 Port Equipment Market, By Equipment Type, 2018 & 2025 (USD Million)
Figure 20 Port Equipment Market, By Application, 2018 & 2025 (USD Million)
Figure 21 Port Equipment Market, By Type (USD Million)
Figure 22 Port Equipment Market, By Demand
Figure 23 Port Equipment Market, By Region
Figure 24 North America Port Equipment Market Snapshot
Figure 25 Europe Port Equipment Market Snapshot
Figure 26 Asia Pacific Port Equipment Market Snapshot
Figure 27 Companies Adopted Contracts as Key Growth Strategy Between June 2014 and October 2018
Figure 28 Leading Companies in Port Equipment Market, By Region, 2017
Figure 29 Liebherr: Company Snapshot
Figure 30 Liebherr: SWOT Analysis
Figure 31 ABB: Company Snapshot
Figure 32 ABB: SWOT Analysis
Figure 33 TTS: Company Snapshot
Figure 34 TTS: SWOT Analysis
Figure 35 Sany: Company Snapshot
Figure 36 Sany: SWOT Analysis
Figure 37 Kalmar: Company Snapshot
Figure 38 Kalmar: SWOT Analysis
Figure 39 Konecranes: Company Snapshot
Figure 40 Konekranes: SWOT Analysis
Figure 41 Hyster: Company Snapshot
Figure 42 Hyster: SWOT Analysis
Figure 43 Cavotec: Company Snapshot
Figure 44 Cavotec: SWOT Analysis
Figure 45 Anhui Heli: Company Snapshot
Figure 46 Mcnally Bharat Engineering: Company Snapshot
Figure 47 Til Limited: Company Snapshot
Figure 48 Lonking Holdings Limited: Company Snapshot

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