Diesel dominates the port equipment market share owing to the availability of a wide range of port equipment powered by diesel. Moreover, the diesel-powered equipment produces significantly higher torque, that are ideal for heavy lifting and handling operations. However, the emissions produced from using the fuel coupled with damages to the aquatic environment owing to wastage produced are expected to hamper the industry growth.

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Increasing sea-mode trade across the globe, rising number of shipments, and development in the port infrastructure are driving the port equipment market share. According to UNCTAD, sea-mode transportation is growing at a pace of over 4% and has gained significant momentum with global economic recovery and enhanced global cargo trade. The port equipment demand is escalating with rising goods trade via sea-mode. However, higher cost and regular maintenance of the port equipment is likely to hamper the industry growth over the forecast period.

Continuous evolution of the maritime transport sector has a major impact on transport cost, trade volume and economic competitiveness, where adhering to the latest regulatory mandates represent a big challenge. Around 80% of international trade is done through ports, due to which they play an important role in connecting several developing countries which are gradually witnessing a growth in port communities and global import-export exposure. Industrialization in emerging economies will certainly create a substantial demand for modern port equipment to handle rising trade volumes.

Report by the Indian Ports Association says that 12 major ports in India had recorded 2.90 percent growth in handling of the cargo, poised at 699.04 million tons, during the 2018-19 fiscal year. The handling of fertilizers, containers and coal have driven the expansion of these ports, in turn requiring the installation of new equipment to handle them. Major ports in India handle nearly 60% of the total cargo traffic in the country, depicting a tremendous need for these equipment. Augmented import of fertilizers, POL (Petroleum, Oil and Lubricant) and coal have favorably impacted Asia Pacific port equipment market share.

Prominent players operating in the port equipment market are: TTS Group ASA, Konecranes, Kalmar, Liebherr, Shanghai Zhenhua Heavy Industries, and Lonking Holdings Limited. Industry players are focusing on launching new products and services for driving the market share. For instance, in 2019, Liebherr launched its electric powered crane driver elevator that is powered by a li-ion battery.

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Some Point from Table of Contents:

Chapter 4 Port Equipment Market, By Equipment

4.1 Global port equipment market share by equipment, 2018 & 2025

4.2 Cranes

4.2.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

4.2.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

4.2.3 Ship to Shore Cranes

4.2.3.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

4.2.3.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

4.2.4 Yard crane

4.2.4.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

4.2.4.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

4.2.5 Others

4.2.5.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

4.2.5.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

4.3 Forklift Trucks

4.3.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

4.3.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

4.4 Terminal Tractors

4.4.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

4.4.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

4.5 Ship Loaders

4.5.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

4.5.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

4.6 Automated Guided Vehicles

4.6.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

4.6.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

4.7 Straddle Carrier

4.7.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

4.7.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

4.8 Reach Stacker

4.8.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

4.8.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

4.9 Tugboat

4.9.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

4.9.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

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