Global Port Equipment Market 2018-2025 - Automation Technologies in Port Equipment Aiding More Efficiency in Different Applications

News provided by

Jan 21, 2019, 09:00 ET

DUBLIN, Jan. 21, 2019 /PRNewswire/ --

The "Port Equipment Market by Equipment Type, Application, Demand, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The port equipment market size is expected to grow from USD 29.2 billion in 2018 to USD 36.6 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 3.30% during the forecast period.

The market for port equipment is driven by numerous factors, such as the increasing seaborne trade. According to a publication of United Nations Conference on Trade and Development (UNCTAD), the global seaborne trade reached nearly 12.72 billion tons in 2017 due to the increasing global population, growing global Gross Domestic Product (GDP), rising disposable income especially in Asian countries, and growing standard of living. This has increased the import-export trade between countries to meet the demand for various goods. High capital and maintenance costs of port equipment are limiting the overall growth of the market.

Tug Boats segment is estimated to account for the largest share of the port equipment market in 2018 due to the increasing demand for container handling, stacking applications.

Based on equipment type, the tugboats segment is estimated to account for the largest share of the port equipment market in 2018. Tugboats perform a diverse set of operations including mooring, icebreaking, firefighting, and oil spill response. In port equipment, these boats are mainly identified as harbor tugs used in assisting bigger vessels or in berthing and unberthing. These boats differ as per operations, and they have different specifications with the type of vessels they maneuver.

Container handling equipment segment is estimated to account for the largest share of the port equipment market in 2018.

Based on application, the container handling equipment segment is estimated to account for the largest share of the port equipment market in 2018. In recent years, container transportation has increased steadily across the world. This has increased the number of daily containers handled at port terminals, which, in turn, has generated the need for efficient and faster equipment for bulk cargo, material, and container handling.

Europe is estimated to account for the largest share of the port equipment market in 2018.

European countries have a robust economy, and the region is the home to some of the leading manufacturers of port equipment which drives the market here. Konecranes (Finland), Kalmar (Finland), and Liebherr (Switzerland) are the key manufacturers, dealers, distributors of this equipment in the region.

Key Topics Covered:

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions

3 Premium Insights
3.1 Attractive Growth Opportunities in Port Equipment Market
3.2 Port Equipment Market, By Equipment Type
3.3 Port Equipment Market, By Type
3.4 Port Equipment Market, By Application
3.5 Port Equipment Market, By Region

4 Executive Summary

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Seaborne Trade Across the Globe
5.2.1.2 Rising Container Shipments in Asia Pacific & the Middle East
5.2.2 Restraints
5.2.2.1 High Capital and Maintenance Costs of Port Equipment
5.2.3 Opportunities
5.2.3.1 Automation Technologies in Port Equipment Aiding More Efficiency in Different Applications
5.2.4 Challenges
5.2.4.1 Synchronization Issue With Different Equipment for Various Applications
5.2.4.2 Several Accidents Occurred Using Port Equipment

6 Industry Trends
6.1 Introduction
6.2 Technology Trends
6.2.1 Automation of Stacking Operations at Ports
6.2.2 Upgradation of Old Cranes With Electrical Components
6.2.3 Introduction of New Engines With Reduced Emissions
6.2.4 Use of Advanced Materials in Manufacturing Port Equipment
6.2.5 Increased Use of Sensors in Ships and Ports
6.2.6 Adoption of Automated Port Management
6.2.7 Introduction of Simulation-Based Training for Operating Port Equipment
6.3 Innovations & Patent Registrations
6.4 Analysis of Key Trends of the Port Equipment Market

7 Port Equipment Market, By Equipment Type
7.1 Introduction
7.2 Tug Boats
7.2.1 Tug Boats Used in Assisting Bigger Vessels Or in Berthing and Unberthing
7.3 Cranes
7.3.1 Rubber-Tired Gantry (RTG) Cranes
7.3.1.1 RTG Cranes are Capable of Stacking A Maximum of 50-55 Tons
7.3.2 Electrified Rubber-Tired Gantry (E-RTGS) Cranes
7.3.2.1 E-RTGS Cranes Have High Demand From Port Terminals Due to Emission Control
7.3.3 Ship-To-Shore Cranes
7.3.3.1 Ship-To-Shore Cranes Lifts Containers Ranging From 40-100 Tons
7.3.4 Yard Cranes
7.3.4.1 Due to the Rising Demand for Automation Level at Port Terminals Yard Cranes are Highly Effective at Port Terminal
7.3.5 Rail-Mounted Gantry (RMG) Cranes
7.3.5.1 RMG Cranes Have Benefit of Lifting Containers at Multiple Stacking Heights and Spans
7.3.6 Automated Stacking Cranes
7.3.6.1 Asc are Important Equipment for Container Handling Application
7.4 Shiploaders
7.4.1 Demand for Shiploaders has Increased Due to Unloading of Bulk Cargo
7.5 Reach Stackers
7.5.1 Rising Containers Volume at Port Terminal has Surged the Demand for Reach Stackers
7.6 Mooring Systems
7.6.1 Increasing Quayside Efficiency has Surged the Demand for Mooring Systems
7.7 Automated Guided Vehicles (AGVS)
7.7.1 Increasing Seaborne Trade has Surged the Demand for AGVS
7.8 Forklift Trucks
7.8.1 Demand for Forklifts has Increased at Small and Medium Port Terminals
7.9 Container Lift Trucks
7.9.1 Empty Container Lift Trucks
7.9.1.1 Quick Transportation of Empty Containers at the Port Terminals for Loading
7.9.2 Laden Container Lift Trucks
7.9.2.1 Use of Electric Laden Container Lift Trucks has Driven the Port Equipment Market
7.10 Terminal Tractors
7.10.1 4x2 Terminal Tractors
7.10.1.1 Adoption of Electric Terminal Tractors for Better Port Efficiency
7.10.2 4x4 Terminal Tractors
7.10.2.1 Increase in Container Size has Surge the Demand for 4x4 Terminal Tractor
7.11 Straddle Carriers
7.11.1 Key Suppliers of Automated Straddle Carriers That Have Better Operational Efficiency
7.12 Others

8 Port Equipment Market, By Application
8.1 Introduction
8.2 Container Handling
8.2.1 Increased Activities at Marine Ports has Led to the Growth of the Container Handling Application
8.3 Bulk Handling
8.3.1 Increased Industrialization has Surged the Demand for Bulk Handling Equipment
8.4 Ship Handling
8.4.1 Maneuvering of Ship to the Port Terminal has Driven the Port Equipment Market
8.5 Others

9 Port Equipment Market, By Type
9.1 Introduction
9.2 Diesel
9.2.1 Companies are Upgrading Their Existing Products Which are Fuel-Efficient and Environment-Friendly
9.3 Electric
9.3.1 Growing Stringency of Emission Regulations and the Desire for Operational Efficiency
9.4 Hybrid
9.4.1 Reduction in Fuel Consumption and Emission By Almost 40-50% has Surged Demand for Hybrid Equipment

10 Port Equipment Market, By Demand
10.1 Introduction
10.2 New Demand
10.2.1 With the Upcoming Projects Or Port has Created Demand for New Port Equipment
10.3 MRO
10.3.1 Increase in the Efficiency of the Work Environment, and Reduce Energy Consumption has Made Port Association to Upgrade Older Equipment

11 Port Equipment Market, By Region

12 Competitive Landscape
12.1 Introduction
12.2 Competitive Analysis
12.3 Market Ranking Analysis
12.4 Competitive Scenario
12.4.1 Contracts
12.4.2 New Product Launches
12.4.3 Partnerships
12.4.4 Acquisitions
12.4.5 Agreements
12.4.6 Joint Ventures

13 Company Profiles
13.1 Liebherr
13.2 ABB
13.3 TTS
13.4 Sany
13.5 Kalmar
13.6 Konecranes
13.7 Hyster
13.8 Cavotec
13.9 Anhui Heli
13.10 Shanghai Zhenhua Heavy Industries (ZPMC)
13.11 CVS Ferrari
13.12 Mcnally Bharat Engineering
13.13 Til Limited
13.14 Lonking Holdings Limited
13.15 Baltkran
13.16 Famur Famak
13.17 Prosertek
13.18 American Crane & Equipment
13.19 Timars Svets & Smide Ab

For more information about this report visit https://www.researchandmarkets.com/research/93skfv/global_port?w=5

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets