Press release
Port Equipment Market is Expected to Cross a Revenue of US$ 35.57 Billion By 2032, Reflecting a CAGR value of 6.7%
According to the research report, the global port equipment market was valued at USD 19.85 billion in 2023 and is expected to reach USD 35.57 billion by 2032, to grow at a CAGR of 6.7% during the forecast period.๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/industry-analysis/port-equipment-market/request-for-sample
The rising focus of major market companies on innovative technologies, such as sensors and automation, is likely to offer lucrative opportunities in the port equipment industry. At Polaris Market Research, we've done a comprehensive analysis of the Port Equipment Market. The research report covers everything stakeholders need to know to make strategic decisions, from growth drivers and top trends to
segmental analysis and regional overview.
๐๐ก๐ ๐๐จ๐ซ๐ญ ๐๐ช๐ฎ๐ข๐ฉ๐ฆ๐๐ง๐ญ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐
โข Market Size: The market for port equipment was valued at USD 19.85 billion in 2023 and is expected to grow to USD 35.57 billion by 2032.
โข Growth Rate: The industry is projected to exhibit a compound annual growth rate (CAGR) of 6.7% over the forecast period from 2024 to 2032.
โข Segments Covered: The market is primarily segmented based on equipment type, application, type, and region.
๐๐๐ฒ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ซ๐ญ๐ข๐๐ข๐ฉ๐๐ง๐ญ๐ฌ
โข Liebherr Group
โข Konecranes Abp
โข Sany Heavy Industries Co. Ltd.
โข Shanghai Zhenhua Heavy Industries
โข Anhui Heli
โข American Crane & Equipment
โข Til Limited
โข Lonking Holdings Ltd.
โข Mcnally Bharat Engineering
โข Timars Svets & Smide Ab
โข CVS Ferrari
โข Cavotec
โข Hyster
โข Prosertek.
๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/buy/2177/2
๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ
Ports play a crucial role in facilitating global trade and logistics by enabling the movement of goods to businesses in local communities and worldwide markets. Ports need a large number of equipment and machinery to ensure smooth operations of the facility. Port equipment refer to mechanical machinery used at ports to load and unload materials in a short time period. These equipment are primarily used for handling 20- or 40-foot equivalent unit (TEU) at ports and warehouses. Industry participants in the port equipment industry produce various pieces of equipment. These include terminal tractors, reachstackers, container handlers, overhead cranes and gantry cranes. Besides, mooring systems, ship loaders and tug boats are also a part of port handling equipment.
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ
โข Electrification and Automation: In recent years, a large number of ports have started adopting electrification and automation systems. Also, new technologies are being introduced to achieve the target of net-zero emissions and carbon neutrality, influencing the port equipment market growth at a rapid pace.
โข Rising Import and Export: With the advent of free-trade agreements such as AFTA and NAFTA, there has been an increase in the import and export of a variety of goods. The growing import and export coupled with increased consumption of material handling equipment is anticipated to create huge market demand in the upcoming years.
๐๐ฅ๐ข๐๐ค ๐ก๐๐ซ๐ ๐ญ๐จ ๐๐๐๐๐ฌ๐ฌ ๐ญ๐ก๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/industry-analysis/port-equipment-market
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ
โข North America (U.S., Canada)
โข Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
โข Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
โข Latin America (Brazil, Mexico, Argentina)
โข Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
๐๐จ๐ซ๐ญ ๐๐ช๐ฎ๐ข๐ฉ๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ
โข Cranes segment accounted for highest market share in 2022, which is mainly accelerated by increased proliferation for replacing old cranes into new advanced models
โข Container handling segment held the significant market revenue share owing to surge in the global trade activities and improvement in its performance and operational efficiency
โข Hybrid segment is projected to grow at fastest growth rate during the anticipated period, on account increasing government and private organizations focus on transportation of ports towards green ports
โข Asia Pacific region dominated the port equipment market in 2022, which is highly attributable to presence of various large ports and continuous growth in the commerce or trade activities in the region
โข The global key market players include Liebherr Group, Shanghai Zhenhua Heavy Industries, American Crane & Equipment, Lonking Holdings, and Konecranes
๐๐ข๐ฌ๐๐จ๐ฏ๐๐ซ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ฒ ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ข๐ง๐ ๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐๐ญ๐๐ฅ๐ฒ๐ญ๐ข๐ ๐๐จ๐ง๐ฏ๐๐ซ๐ญ๐๐ซ ๐๐๐ซ๐ค๐๐ญ: https://www.polarismarketresearch.com/industry-analysis/automotive-catalytic-converter-market
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐จ๐ฅ๐ฅ๐ข๐ฌ๐ข๐จ๐ง ๐๐๐ฉ๐๐ข๐ซ ๐๐๐ซ๐ค๐๐ญ: https://www.polarismarketresearch.com/industry-analysis/automotive-collision-repair-market
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐๐ฎ ๐๐๐ซ๐ค๐๐ญ: https://www.polarismarketresearch.com/industry-analysis/automotive-ecu-market
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ซ๐๐ง๐ฌ๐ฆ๐ข๐ฌ๐ฌ๐ข๐จ๐ง ๐๐๐ซ๐ค๐๐ญ: https://www.polarismarketresearch.com/industry-analysis/automotive-transmission-market
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐๐ ๐๐๐ซ๐ค๐๐ญ: https://www.polarismarketresearch.com/industry-analysis/automotive-transmission-market
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ง๐๐จ:
Polaris Market Research
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New York City, NY 10005,
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Phone:+1-929 297-9727
Email: sales@polarismarketresearch.com
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.
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