| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| CAGR | 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Port Equipment Market Analysis
The Port Equipment Market is expected to register a CAGR of greater than 4% during the forecast period.
- Some of the major factors driving the growth of the market are growing trade relations between countries. Primary factor for all trade is the mode of transport and distance. Cost effective transport enhances trade activities with lesser time, low traffic and congestion along with the ability to manage more cargo. With this advantage over other modes, marine trade activities are gaining popularity on a global scale.
- Asia-Pacific is expected to witness a high growth rate during the forecast period.
But because of the trade tensions between US and China, the years 2018 and 2019 showed some signs of slowdown in the marine trade activities which have further led to reduced import-export activities. Recent agreements between the two nations have shown some signs of relief for the world economy and trade is expected to be on a growing track. This deal will ease the tension between the two major economies of the world and the growth for the marine trade is expected to rise again.
Port Equipment Market Trends
Government Initiatives for Development of Ports are Driving the Market
In India, till November 2019, several projects with total project cost of USD 1.90 billion have been awarded in the last three years for the upgradation of major ports. As of Union Budget 2019-20, the total allocation for the Ministry of Shipping is USD 272.22 million. In March 2018, a revised Model Concession Agreement (MCA) was approved to make port projects more investor-friendly and make investment climate in the sector more attractive. In January 2018, Yangshan Port, China inaugurated automated container terminal port with investment of USD 2.15 billion.These kinds of initiatives will increase the volume capacity of the docks and to handle the containers and tankers more port equipment will be required which will create a demand in the market.
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Asia Pacific is Expected to be the Leader
Asia pacific region accounts for around 65% of the world traffic of the maritime trade transport. With the presence of some of the major developing nations in the world like China and India, the region has seen government investments in the port industry on a large scale. Around 95% of the trade by volume takes place through marine route in India so there is a demand for more developed and large port in the region. For instance, the Government of India has initiated project Unnati under which the plan is to upgrade and improve the efficiency of 12 ports in the country. This will lead to growth for the port equipment industry in the region during the forecast period.
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Port Equipment Industry Overview
The Port Equipment market is concentrated, with a few players accounting for significant amounts of shares in the market. Some of the prominent companies in the port equipment market are Kalmar, Sany, Kone Cranes, CVS Ferrari. Companies are investing heavily in research and development for the innovation of new and advanced products and technologies that are reducing the carbon footprints and increasing the handling capacities. In April 2019, Kalmar introduced a fully electric version of the Kalmar Empty Container Handler. In January 2020, Konecranes has signed contracts with Yilport for the delivery of Automated RTG systems to Yilport's European container terminals in Portugal and one in Sweden
Port Equipment Market Leaders
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Liebherr Group
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Sany Heavy Industry Co. Ltd
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KoneCranesOyj
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CVS Ferrari
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Kalmar
- *Disclaimer: Major Players sorted in no particular order
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Port Equipment Industry Segmentation
The port equipment market covers the latest trends and technological development in the port equipment market, demand of the by Equipment Type (Cranes, Trucks, Reach Stackers, Forklifts, and others), Application (Container handling, ship handling), fuel type (Diesel, Electric, Hybrid) and Geography.
| Equipment Type | Cranes | ||
| Trucks | |||
| Reach Stackers | |||
| Forklifts | |||
| Others | |||
| Application | Container Handling | ||
| Ship Handling | |||
| Fuel Type | Diesel | ||
| Electric | |||
| Hybrid | |||
| Geography | North America | United States | |
| Canada | |||
| Rest of North America | |||
| Europe | Germany | ||
| United Kingdom | |||
| France | |||
| Rest of Europe | |||
| Asia Pacific | India | ||
| China | |||
| Japan | |||
| South Korea | |||
| Rest of Asia-Pacific | |||
| Rest of the World | Brazil | ||
| Mexico | |||
| United Arab Emirates | |||
| Other Countries | |||
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Port Equipment Market Research FAQs
What is the current Port Equipment Market size?
The Port Equipment Market is projected to register a CAGR of greater than 4% during the forecast period (2025-2030)
Who are the key players in Port Equipment Market?
Liebherr Group, Sany Heavy Industry Co. Ltd, KoneCranesOyj, CVS Ferrari and Kalmar are the major companies operating in the Port Equipment Market.
Which is the fastest growing region in Port Equipment Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Port Equipment Market?
In 2025, the Asia Pacific accounts for the largest market share in Port Equipment Market.
What years does this Port Equipment Market cover?
The report covers the Port Equipment Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Port Equipment Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Port Equipment Industry Report
Statistics for the 2025 Port Equipment market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Port Equipment analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
