Product Code: PM3213
The global port equipment market size is expected to reach USD 35.57 billion by 2032, according to a new study by Polaris Market Research. The report "Port Equipment Market Share, Size, Trends, Industry Analysis Report, By Equipment Type (Mooring Systems, Tug Boats, Cranes, Ship Loaders, Container Lift Trucks, and Others); By Application; By Type; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Increasing awareness regarding the carbon footprint and growing inclination towards the environment friendly transportation, and continuous rise in the adoption and integration of automated equipment, that enable port operators for higher convenient and comparatively easier handling of cargo are the primary factors supporting the global market growth.
Furthermore, the use of various newly developed and innovated forklift trucks, automated transit vehicles, reach stackers, container lift trucks, and others have significantly increased with the development of ports globally, which in turn is likely to augment the growth and demand of the market.
For instance, in December 2022, PALFINGER, unveiled its latest FHS Series forklifts basically for construction sites and industrial applications. The new forklifts come with a full range capacity of 5,500-Ib & are available in 4 different forms. It enables the operator to lift full capacity at maximum reach.
In the recent years, the transportation through oceans has become more feasible and cost-effective especially for international trade, as it is the most used transport all over the world, around 80% of the total trade volume in goods is being transported by oceans and this proportion is even greater and large for emerging countries like China and India, which creates high demand for larger ports and efficient equipment to manage various kinds of operations smoothly and perfectly, thus the demand and adoption of advanced port equipment will gain significant traction in the coming years.
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
Polaris Market Research has segmented the port equipment market report based on equipment type, application, type, and region:
Port Equipment, Equipment Type Outlook (Revenue - USD Billion, 2019 - 2032)
- Mooring Systems
- Tug Boats
- Cranes
- Ship Loaders
- Container Lift Trucks
- Others
Port Equipment, Application Outlook (Revenue - USD Billion, 2019 - 2032)
- Container Handling
- Bulk Handling
- Scrap Handling
- Stacking
- General Cargo
- Others
Port Equipment, Type Outlook (Revenue - USD Billion, 2019 - 2032)
Port Equipment, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Port Equipment Market Insights
- 4.1. Port Equipment Market - Type Snapshot
- 4.2. Port Equipment Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Increase in usage of electric port equipment to minimize the carbon consumption
- 4.2.1.2. Surge in demand for cargo transportation to increase the demand for port equipment
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Huge investments and maintenance cost
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Port Equipment Market Type Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Port Equipment Market, by Equipment Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Port Equipment Market, by Equipment Type, 2019-2032 (USD Billion)
- 5.3. Mooring Systems
- 5.3.1. Global Port Equipment Market, by Mooring Systems, by Region, 2019-2032 (USD Billion)
- 5.4. Tug Boats
- 5.4.1. Global Port Equipment Market, by Tug Boats, by Region, 2019-2032 (USD Billion)
- 5.5. Cranes
- 5.5.1. Global Port Equipment Market, by Cranes, by Region, 2019-2032 (USD Billion)
- 5.6. Ship Loaders
- 5.6.1. Global Port Equipment Market, by Ship Loaders, by Region, 2019-2032 (USD Billion)
- 5.7. Container Lift Trucks
- 5.7.1. Global Port Equipment Market, by Container Lift Trucks, by Region, 2019-2032 (USD Billion)
- 5.8. Others
- 5.8.1. Global Port Equipment Market, by Others, by Region, 2019-2032 (USD Billion)
6. Global Port Equipment Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Port Equipment Market, by Application, 2019-2032 (USD Billion)
- 6.3. Container Handling
- 6.3.1. Global Port Equipment Market, by Container Handling, by Region, 2019-2032 (USD Billion)
- 6.4. Bulk Handling
- 6.4.1. Global Port Equipment Market, by Bulk Handling, by Region, 2019-2032 (USD Billion)
- 6.5. Scrap Handling
- 6.5.1. Global Port Equipment Market, by Scrap Handling, by Region, 2019-2032 (USD Billion)
- 6.6. Stacking
- 6.6.1. Global Port Equipment Market, by Stacking, by Region, 2019-2032 (USD Billion)
- 6.7. General Cargo
- 6.7.1. Global Port Equipment Market, by General Cargo, by Region, 2019-2032 (USD Billion)
- 6.8. Others
- 6.8.1. Global Port Equipment Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Port Equipment Market, by Type
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Port Equipment Market, by Type, 2019-2032 (USD Billion)
- 7.3. Diesel
- 7.3.1. Global Port Equipment Market, by Diesel, By Region, 2019-2032 (USD Billion)
- 7.4. Electric
- 7.4.1. Global Port Equipment Market, by Electric, By Region, 2019-2032 (USD Billion)
- 7.5. Hybrid
- 7.5.1. Global Port Equipment Market, by Hybrid, By Region, 2019-2032 (USD Billion)
8. Global Port Equipment Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Port Equipment Market Assessment, By Geography, 2019-2032 (USD Billion)
- 8.3. Port Equipment Market - North America
- 8.3.1. North America: Port Equipment Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.3.2. North America: Port Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.3.3. North America: Port Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.3.4. Port Equipment Market - U.S.
- 8.3.4.1. U.S.: Port Equipment Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.3.4.2. U.S.: Port Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.3.4.3. U.S.: Port Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.3.5. Port Equipment Market - Canada
- 8.3.5.1. Canada: Port Equipment Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.3.5.2. Canada.: Port Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.3.5.3. Canada: Port Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.4. Port Equipment Market - Europe
- 8.4.1. Europe: Port Equipment Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.4.2. Europe.: Port Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.4.3. Europe: Port Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.4.4. Port Equipment Market - UK
- 8.4.4.1. UK: Port Equipment Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.4.4.2. UK.: Port Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.4.4.3. UK: Port Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.4.5. Port Equipment Market - France
- 8.4.5.1. France: Port Equipment Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.4.5.2. France.: Port Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.4.5.3. France: Port Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.4.6. Port Equipment Market - Germany
- 8.4.6.1. Germany: Port Equipment Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.4.6.2. Germany.: Port Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.4.6.3. Germany: Port Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.4.7. Port Equipment Market - Italy
- 8.4.7.1. Italy: Port Equipment Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.4.7.2. Italy.: Port Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.4.7.3. Italy: Port Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.4.8. Port Equipment Market - Spain
- 8.4.8.1. Spain: Port Equipment Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.4.8.2. Spain.: Port Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.4.8.3. Spain: Port Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.4.9. Port Equipment Market - Netherlands
- 8.4.9.1. Netherlands: Port Equipment Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.4.9.2. Netherlands.: Port Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.4.9.3. Netherlands: Port Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.4.10. Port Equipment Market - Russia
- 8.4.10.1. Russia: Port Equipment Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.4.10.2. Russia.: Port Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.4.10.3. Russia: Port Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.5. Port Equipment Market - Asia Pacific
- 8.5.1. Asia Pacific: Port Equipment Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.5.2. Asia Pacific.: Port Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.5.3. Asia Pacific: Port Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.5.4. Port Equipment Market - China
- 8.5.4.1. China: Port Equipment Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.5.4.2. China.: Port Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.5.4.3. China: Port Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.5.5. Port Equipment Market - India
- 8.5.5.1. India: Port Equipment Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.5.5.2. India.: Port Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.5.5.3. India: Port Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.5.6. Port Equipment Market - Malaysia
- 8.5.6.1. Malaysia: Port Equipment Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.5.6.2. Malaysia.: Port Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.5.6.3. Malaysia: Port Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.5.7. Port Equipment Market - Japan
- 8.5.7.1. Japan: Port Equipment Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.5.7.2. Japan.: Port Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.5.7.3. Japan: Port Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.5.8. Port Equipment Market - Indonesia
- 8.5.8.1. Indonesia: Port Equipment Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.5.8.2. Indonesia.: Port Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.5.8.3. Indonesia: Port Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.5.9. Port Equipment Market - South Korea
- 8.5.9.1. South Korea: Port Equipment Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.5.9.2. South Korea.: Port Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.5.9.3. South Korea: Port Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.6. Port Equipment Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Port Equipment Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.6.2. Middle East & Africa.: Port Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.6.3. Middle East & Africa: Port Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.6.4. Port Equipment Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Port Equipment Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.6.4.2. Saudi Arabia.: Port Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.6.4.3. Saudi Arabia: Port Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.6.5. Port Equipment Market - UAE
- 8.6.5.1. UAE: Port Equipment Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.6.5.2. UAE.: Port Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.6.5.3. UAE: Port Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.6.6. Port Equipment Market - Israel
- 8.6.6.1. Israel: Port Equipment Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.6.6.2. Israel.: Port Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.6.6.3. Israel: Port Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.6.7. Port Equipment Market - South Africa
- 8.6.7.1. South Africa: Port Equipment Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.6.7.2. South Africa.: Port Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.6.7.3. South Africa: Port Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.7. Port Equipment Market - Latin America
- 8.7.1. Latin America: Port Equipment Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.7.2. Latin America.: Port Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.7.3. Latin America: Port Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.7.4. Port Equipment Market - Mexico
- 8.7.4.1. Mexico: Port Equipment Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.7.4.2. Mexico.: Port Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.7.4.3. Mexico: Port Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.7.5. Port Equipment Market - Brazil
- 8.7.5.1. Brazil: Port Equipment Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.7.5.2. Brazil.: Port Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.7.5.3. Brazil: Port Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.7.6. Port Equipment Market - Argentina
- 8.7.6.1. Argentina: Port Equipment Market, by Equipment Type, 2019-2032 (USD Billion)
- 8.7.6.2. Argentina.: Port Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.7.6.3. Argentina: Port Equipment Market, by Application, 2019-2032 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Liebherr Group
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Konecranes
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Sany Heavy Industries
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Shanghai Zhenhua Heavy Industries
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Anhui Heli
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. American Crane & Equipment
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Til Limited
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Lonking Holdings
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Mcnally Bharat Engineering
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Timars Svets & Smide
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. CVS Ferrari
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. Cavotec
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. Hyster
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
- 10.14. Prosertek
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development