Press release
Port Equipment Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2029
As per the United Nations Conference on Trade and Development (UNCTAD), maritime transport is the backbone of the economy, which contributes around 80% trade by volume and nearly 70% of global trade by value across the globe. The seaborne trade has experienced the fastest growth of more than 4% in past years as per UNCTAD.
The primary factor that drives the growth of the global port equipment includes infrastructure development in the Asia-Pacific region. Coupled with increased spending on road infrastructure, economies are investing heavily in other forms of transport infrastructure such as the seaborne movement of goods and raw materials. In addition, rising seaborne activities in the European region also contributes to the growth of the port equipment market during the forecast period. For instance, the Marine Knowledge 2020 initiative, Common Information Sharing Environment (CISE) for the surveillance of the EU maritime domain, Marine Strategy Framework Directive is some of the activities in the European region.
Further, road and air travel emit more carbon footprint in comparison with the sea conveyance. As per the International Chamber of Shipping (ICS), shipping produces around 3-5-gram 80 grams per tonne-km of carbon emission, whereas road and air transportation generates 80 gram per tonne-km by trucks. Growing consciousness regarding carbon footprint and inclination towards eco-friendly transportation is likely to encourage the adoption of port equipment which in turn will drive the market growth and expand port equipment market size during the forecast timeframe.
Further, as per the United Nations Conference on Trade and Development (UNCTAD), in 2018, the seaborne trade increased by 4%. It offers several benefits such as large cargo space availability, economical, and safety. Expanding maritime logistics services is likely to flourish the market growth. In May 2019, UK allocated $220 million for expanding Port of Dover. Besides, the ports are incorporating smart solutions to optimize operations, reduce logistics costs, and enhance efficiency.
To Request a Sample of our Report on Port Equipment Market: https://www.omrglobal.com/industry-reports/port-equipment-market
Port Equipment Market - Segmentation
By Product Type
Cranes
Ship Loaders
Mooring Systems
Forklifts
Others
By Application
Container Handling
Bulk & Ship Handling
Others
A full report of Port Equipment Market is available at: https://www.omrglobal.com/industry-reports/port-equipment-market
Port Equipment Market - Segmentation by Region
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
Company Profiles
ABB Ltd.
American Crane & Equipment Corp.
Cavotec SA
CVS FERRARI S.P.A.
Famur Famak SA
Hyster-Yale Group, Inc.
Kalmar, Cargotec Corp. Company
Konecranes Oyj
Kooiman Marine Group
Lonking Holdings Ltd.
Prosertek Group S.L.
SanMar Corp.
Sany Group
https://www.somosxbox.com.mx/noticias-urgente/analisis-de-la-industria-mundial-del-mercado-de-servidores-resistentes-demanda-futura-y-pronostico-hasta-2029/123151/
https://perualdia.net/es-probable-que-el-mercado-de-electrodomesticos-para-el-cuidado-de-los-hombres-experimente-un-tremendo-crecimiento-para-2029/
https://ekz-crosstour.ch/news/der-markt-fuer-kommerzielle-tapeten-wird-bis-2029-voraussichtlich-ein-enormes-wachstum-verzeichnen/133002/
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Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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