What's driving the port equipment market growth? Liebherr, Shanghai Zhenhua Heavy Industries, TTS, Konecranes, Kalmar, Sany, Hyster, Lonking, and Famur Famak

Port Equipment Market is expected to witness healthy CAGR to 2025 propelled by rising demand for ship cargo along with improving marine logistics industries. Proliferating domestic and international trading activities along with benefits offered by sea transportation including superior reliability, cost effective and congesting free transportation over long distance are further accelerating the port equipment market revenue over the projected timeframe.

Technological advancements including incorporation of bigdata, IoT, and AI technologies are playing a major role in improving the port vehicle operations and improving efficiency.

Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/3288

Asia Pacific will exhibit significant growth in the port equipment market share over the projected timeframe owing to the presence of multiple players including Sany, Lonking, Shanghai Zhenhua Heavy Industries, and Anhui Heli. Additionally, the improving water channels along with supporting government initiatives to develop the regional marine sector further expands the regional growth. Increasing ports along with proliferating inland waterways industry with appropriate integration with the logistics network are providing a positive outlook for the industry growth.

What Information does this report contain?

- Historical data coverage: 2014 to 2018; Growth Projections: 2019 to 2025.
- Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
- 6-7 year performance forecasts: major segments covering applications, top products and geographies.
- Competitive landscape reporting: port equipment market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

Based on equipment, the port equipment market size is segmented into cranes, forklift trucks, tractors, ship loaders and automated guided vehicles. The growth in the forklift trucks can be attributed to the ability of these trucks to handle and load/unload heavier cargo and goods across multiple heights. Moreover, the proliferation of electric and fuel cell forklifts is contributing significantly towards increasing efficiency and lowering of operating expenses, thereby boosting the segment revenue.

Stringent government regulations mandate the lowering of carbon emissions from such vehicles, thereby posing significant challenges for manufacturers to offer efficient and lower emission vehicles. However, multiple researchers from the University of Reading, the Valenciaport Foundation, and Carbon Reducing Energy Storage Solutions are developing advanced tools that reduced the average crane fuel consumption by around 50%.

Make an inquiry for buying this report @ https://www.gminsights.com/inquiry-before-buying/3288

Few of the major players operating in the port equipment market size include Liebherr, Shanghai Zhenhua Heavy Industries, TTS, Konecranes, Kalmar, Sany, Hyster, Lonking, and Famur Famak. Industry participants are continuously engaged in long term agreements and contracts for expanding their market share. For instance, in 2018, Kalmar announced the delivery of ten TL2 terminal tractors to Trac-Wheels in Malaysia. This strategy enabled the company to significantly enhance its business operations and support in expanding their business share.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

This release was published on openPR.