Ship-to-Shore Cranes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Ship-to-Shore Cranes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

  • June 2022 •
  • 145 pages •
  • Report ID: 6287581 •
  • Format: PDF
The global ship-to-shore cranes market reached a value of US$ 2.73 Billion in 2021. Looking forward, the analyst expects the market to reach a value of US$ 3.71 Billion by 2027, exhibiting a CAGR of 5.10% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

A ship-to-shore (STS) crane is used in ports and docks for loading and unloading shipping containers. It improves performance and provides high reliability, power regeneration, and a robust structure optimum for terminal automation. At present, several companies operating in the industry are offering modular designs that are lightweight and durable and require low maintenance. As these designs can be customized according to a customer’s requirements, the popularity of STS cranes are rising across the globe.

Ship-to-Shore Cranes Market Trends:
The increasing use of online shopping platforms for buying imported goods is driving the need for shipping containers to facilitate cross-border e-commerce activities. This represents one of the key factors positively influencing the demand for STS cranes to improve the reliability and productivity of port terminals. Apart from this, governing agencies of numerous countries are promoting the manufacturing of goods locally and international trade through favorable export and import policies and the construction of port infrastructure, which is impelling the market growth. Apart from this, technological advancements like automation and external control of STS cranes via remote computers enable controllers to monitor crane operations without distortion of vision caused by rain, wind, or fog. This, in confluence with the growing emphasis on port automation to minimize human error, optimize power consumption, and enhance container management efficiency, is contributing to the market growth. In addition to this, several leading market players are focusing on integrating technologies, such as electronic load systems (ELC) and ship profiling systems (SPS), to allow the safe transfer of containers. These players are also offering innovative solutions that enable maritime port operators to maintain a competitive edge in the market.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global ship-to-shore cranes market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, power supply, outreach and lifting capacity.

Breakup by Product Type:
High Profile Cranes
Low Profile Cranes

Breakup by Power Supply:

Breakup by Outreach:
Upto 40m
40m to 49m
50m to 60m
Greater than 60m

Breakup by Lifting Capacity:
Panamax STS Cranes
Post Panamax STS Cranes
Super-Post Panamax STS Cranes

Breakup by Region:
North America
United States
South Korea
United Kingdom
Latin America
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Anupam Industries Limited, Bridon-Bekaert Ropes Group (N.V. Bekaert S.A.), Cargotec Oyj, Dana Incorporated, Liebherr-International AG, Mac Port-Macchine Operatrici Portuali SRL, Noell Crane Systems (China) Limited, Paceco Corporation (Mitsui Engineering & Shipbuilding), Sany Heavy Industry Co. Ltd., Shanghai Zhenhua Heavy Industries Company Limited (China Communications Construction Group Limited), Terex Corporation, and Wison Group.

Key Questions Answered in This Report:

How has the global ship-to-shore cranes market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global ship-to-shore cranes market?
What are the key regional markets?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the power supply?
What is the breakup of the market based on the outreach?
What is the breakup of the market based on the lifting capacity?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global ship-to-shore cranes market and who are the key players?
What is the degree of competition in the industry?