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.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐑𝐞𝐩𝐨𝐫𝐭: 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.

𝐓𝐡𝐞 𝐏𝐨𝐫𝐭 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞

• 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.

• 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.

• Segments Covered: The market is primarily segmented based on equipment type, application, type, and region.

𝐊𝐞𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐏𝐚𝐫𝐭𝐢𝐜𝐢𝐩𝐚𝐧𝐭𝐬

• Liebherr Group
• Konecranes Abp
• Sany Heavy Industries Co. Ltd.
• Shanghai Zhenhua Heavy Industries
• Anhui Heli
• American Crane & Equipment
• Til Limited
• Lonking Holdings Ltd.
• Mcnally Bharat Engineering
• Timars Svets & Smide Ab
• CVS Ferrari
• Cavotec
• Hyster
• Prosertek.

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/buy/2177/2

𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

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.

𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬

• 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.

• 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.

𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/port-equipment-market

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

• North America (U.S., Canada)

• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)

• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)

• Latin America (Brazil, Mexico, Argentina)

• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

𝐏𝐨𝐫𝐭 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬

• Cranes segment accounted for highest market share in 2022, which is mainly accelerated by increased proliferation for replacing old cranes into new advanced models

• 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

• 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

• 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

• The global key market players include Liebherr Group, Shanghai Zhenhua Heavy Industries, American Crane & Equipment, Lonking Holdings, and Konecranes

𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐀𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐛𝐲 𝐄𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐂𝐚𝐭𝐚𝐥𝐲𝐭𝐢𝐜 𝐂𝐨𝐧𝐯𝐞𝐫𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/automotive-catalytic-converter-market

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐂𝐨𝐥𝐥𝐢𝐬𝐢𝐨𝐧 𝐑𝐞𝐩𝐚𝐢𝐫 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/automotive-collision-repair-market

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐄𝐜𝐮 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/automotive-ecu-market

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐓𝐫𝐚𝐧𝐬𝐦𝐢𝐬𝐬𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/automotive-transmission-market

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐕𝟐𝐗 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/automotive-transmission-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:

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𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

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