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Port Equipment Market Global Industry Forecast
Analysis over 2019 - 2025
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• Port Equipment Market Scenario

• Increasing cargo traffic coupled with port
  capacity expansion is fostering the demand for
  advanced cargo handling equipment. For instance,
  in August 2018, the Port of Rotterdam recorded
  10.78 million TEU cargo volume with an increase
  of over 6 as compared in 2017. Further,
  development of port infrastructure for catering
  the growing trade activities will strengthen the
  port equipment market revenue over the study
  timeframe.
• Growing adoption of alternative fuel powered port
  equipment is attributed towards their lower
  operating costs and reduced environmental impact.
  Port authorities are focusing to replace their
  existing cranes with hybrid equipment providing
  significant fuel savings and lower greenhouse gas
  emissions.
• Adoption of automated technologies for fast and
  efficient cargo transfer is significantly
  contributing towards reduction of overall cycle
  times, further supporting the industry expansion.
  Automated Guided Vehicles (AGVs) and Automated
  Stacking Cranes (ASCs) offering enhanced
  capabilities for automated cargo movement at dock
  yards are gaining higher visibility. For
  instance, in February 2019, APM Terminals planned
  to use automated straddle carries US West Coast
  marine terminals to handle increasing cargo
  volume.

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• Adoption of new generation diesel engines with
  ultra-low-sulfur diesel fuel is providing better
  fuel efficiency and improved reliability. Port
  equipment operators are increasingly adopting
  diesel forklifts featuring enhanced power output
  and load carrying capabilities. Multiple benefits
  including higher torque, improved engine life and
  superior performance are prominently escalating
  the diesel port equipment market size over the
  forecast timeframe.
• Ship handling segment will witness significant
  growth over the forecast timeframe owing to the
  expansion of cargo handling facilities. Growing
  requirement for efficient ship handling with
  higher accessibility and operational efficiency
  will prominently escalate the segment share.
  Utilization of simulation software for vessel
  handling are positively contributing towards
  improving ship handling efficiency.

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• Regional Analysis

• Europe will showcase substantial growth in the
  port equipment market owing to the increasing
  seaborne trade activities and cargo
  transportation. Development and expansion of port
  infrastructure is providing potential
  opportunities for the increased product
  penetration. Strong presence of manufacturers
  providing innovative range of solutions will
  further augment the industry share. Moreover,
  shifting preference of port administrators to
  deploy automated port equipment will
  significantly contribute towards regional growth.

• Competitive Analysis

• Key manufacturers in market are Konecranes,
  Kalmar, Liebherr, ABB, Prosertek Group S.L.,
  Famur Famak, CVS Ferrari, Shanghai Zhenhua Heavy
  Industries, Lonking Holdings Limited and American
  Crane Equipment. Industry participants are
  focusing to develop alternative fuel powered port
  equipment for gaining a competitive edge.

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