According to a market report by Lucintel, the future of the global port crane market looks promising with opportunities in the container handling, stacking, bulk handling, and scrap handling markets. The global port crane market is expected to reach an estimated $13.0 billion by 2028 with a CAGR of 4.5% from 2023 to 2028. The major drivers for this market are rapidly growing construction activities along with rising demand for greater speeds and capacity for loading containers on ships, and increasing number of port automation programs across the globe.
In this market, ship to shore container cranes, mobile harbor cranes, permanently-installed cranes, and rail mounted gantry cranes are the different type segments. Lucintel forecasts that ship to shore container cranes will remain the highest growing segment over the forecast period due to growing cargo transportation globally and rising demand for goods from various industries, such as automobile, consumer goods, chemicals, and materials.
Within this market, bulk handling segment will remain the fastest growing segment because it is the efficient and reliable method of handling various amounts of bulky goods by usage of grabbing hoists and it helps the crane operators to handle about 2,300 tonnes every hour.
APAC will remain the fastest growing region over the forecast period due to growing investments across key industries, including automotive and construction across countries, like China and India, and increasing number of infrastructure development projects in the region.
Liebherr, Konecranes, SENNEBOGEN, Street Crane, BKRS, Terex, Yufei Heavy Industries, SANY, Bromma, GENMA, and Guangdong Yongtong Machinery are the major suppliers in the global port crane market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global port crane market by type, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Port Crane Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global port crane market by type, application, and region, as follows:
Port Crane Market by Type [Shipment Analysis by Value from 2017 to 2028]:
Ship to Shore Container Cranes
Mobile Harbor Cranes
Permanently-Installed Cranes
Rail Mounted Gantry Cranes
Port Crane Market by Application [Shipment Analysis by Value from 2017 to 2028]:
Container Handling
Stacking
Bulk Handling
Scrap Handling
Others
Port Crane Market by Region [Shipment Analysis by Value from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at
helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global
Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis,
Growth Consulting, M&A, and
Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit
www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the global port crane market by type (ship to shore container cranes, mobile harbor cranes, permanently-installed cranes, and rail mounted gantry cranes), application (container handling, stacking, bulk handling, scrap handling, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?