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: Diesel Electric Hybrid
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 Canada Asia-Pacific China Japan India South Korea Australia Indonesia Others Europe Germany France United Kingdom Italy Spain Russia Others Latin America Brazil Mexico Others 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?
Our reports have been used by over 10K customers, including:
Iran construction equipment market is expected to grow at a CAGR of 7.06% during 2022-2028 KEY INSIGHTS OF THE IRAN CONSTRUCTION EQUIPMENT MARKET • The material handling equipment has the largest share in Iran compared to earthmoving & road construction equipment. • Government investment in road construction,...
458 pages •
By Global Industry Analysts
• Jul 2022
Abstract: What`s New for 2022? - Global competitiveness and key competitor percentage market shares - Market presence across multiple geographies - Strong/Active/Niche/Trivial - Online interactive peer-to-peer collaborative bespoke updates - Access to our digital archives and MarketGlass...
175 pages •
By The Business Research Company
• Jun 2022
Major players in the power tools market are Stanley Black & Decker Inc., Robert Bosch GmbH, Techtronic Industries Co. Ltd., Makita Corporation, Hilti Corporation, Atlas Copco, Ingersoll Rand, Snap-on Incorporated, Apex Tool Group, Hitachi Koki Ltd, Emerson Electric Co, Enerpac Tool Group, Carborundum Universal Limited, Electrex Power Tools,...
The ASEAN construction machinery market was valued at USD 982 billion in 2021 and the market is projected to register a CAGR of 6.59% during the forecast period 2022-2027, surpassing the net valuation of the market by USD 9,856.99 million by 2027 end. The COVID-19 pandemic had a negative impact on the market studied, primarily attributed...
Argentina’s construction equipment market is expected to grow at a CAGR of 8.16% during 2022-2028 The Argentina construction equipment market is expected to grow significantly due to increased funds by Inter-American Development Bank and World Bank for new roads, rail, ports, and utilities. Foreign companies are investing in the mining...
The Portugal construction equipment market is expected to grow at a CAGR of 5.21% during 2022-2028. Government investment in infrastructure, real estate & transport industries under National Development Plan 2030 drives the demand for construction equipment in Portugal. KEY HIGHLIGHTS OF THE PORTUGAL CONSTRUCTION EQUIPMENT...
South Korea construction equipment market is expected to grow at a CAGR of 4.13% during 2022-2028. The market for construction equipment in South Korea is expected to grow during the forecast period due to South Korea’s electricity market reforming to net-zero and factors such as growth in the e-commerce sector and government efforts...
The Sweden construction equipment market is expected to grow at a CAGR of 4.38% during 2022-2028 According to Arizton Advisory & Intelligence, around 35,000 units of construction equipment are expected to be sold by 2028 in Sweden. The growth in construction equipment is majorly driven by Government investment in public infrastructure,...
The global construction equipment market is expected to grow from US$ 126,062.8 million in 2022 to US$ 223,451.1 million by 2028; it is estimated to grow at a CAGR of 10.0% from 2022 to 2028. Public–private collaboration is a joint venture between the government and the private sector to build a public infrastructure.In this collaboration,...
175 pages •
By The Business Research Company
• Jun 2022
Major players in the four-wheel-drive tractor market are AGCO Corporation, Deere & Company, Escorts Limited, Komatsu Corp, Mahindra & Mahindra Ltd, SAME DEUTZ-FAHR Italia S.p.A, Kubota Corporation, Deutz-Fahr, Caterpillar, and Massey Ferguson Limited. The global four-wheel drive tractor market is expected to grow from $15.72 billion...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.