Ship-to-Shore (STS) Cranes Market Value Projected to Expand by 2029

The global ship-to-shore (STS) market is estimated to grow at a CAGR of nearly 6.2% during the forecast period. The major factors contributing to the market growth include rising maritime trade and increasing demand for port equipment. The increasing demand for maritime trade has led by rising international trade. Approximately 80% of the global trade is conducted by the sea which increases the need for ports across the globe. In 2017, the handling of bulk and containerized cargo and port activity increased rapidly across the globe. The container terminals across the globe have shown the rise in the volume of nearly 6% in 2017, rose from 2.1% in 2016. The global container port throughput reached at 752 million twenty-foot equivalent units (TEUs), which shows an additional 42.3 million TEUs in 2017. This leads to the increasing demand for STS cranes which is the most crucial equipment in container port terminals.

With the accelerating fast-paced container port terminals, quick ship turnaround times can provide the port with a major competitive advantage. STS cranes are custom built as crane design has to meet the technical needs of the individual client, as well as climatic conditions and specific standards. STC cranes are constantly rising in size, which is contributing to the improvement in speeds and load capacities. This is also influencing the demand for backup equipment including straddle carriers, rail-mounted gantries (RMG), and rubber tyred gantries (RTG). This, in turn, leverages the operational efficiency in port terminals for safe and faster loading and unloading of containers.

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Market Coverage

Market number available for - 2021-2029
Base year- 2021
Forecast period- 2023-2029
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others
STS Cranes Market Segmentation

By Power Supply

Electric
Diesel
Hybrid
STS Cranes Market by Outreach

< 40
40-49
50-60
A full report of Ship-to-Shore (STS) Cranes Market available @ https://www.omrglobal.com/industry-reports/ship-to-shore-sts-cranes-market

Regional Analysis

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

Company Profiles

Anupam Industries Ltd.
BTG Positioning Systems
Conductix-Wampfler Group
Contship Italia S.p.a.
Gantrex
Hartmann & König AG
Kalmar (Part of Cargotec Corp.)
Kocks Ardelt Kranbau GmbH
Konecranes
Mac Port - Macchine Operatrici Portuali SRL
Nidec ASI S.p.A.
Noell Crane Systems (China) Ltd.
SANY Group Co., Ltd.
Shanghai Zhenhua Heavy Industries Co., Ltd. (ZPMC)
SKF Group
Toshiba Mitsubishi-Electric Industrial Systems Corp. (TMEIC)
Weihua Group
Wison Group
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