1 / 4

Global Port Equipment Market Size, Industry Trends, Share and Forecast 2019-2025

The global port equipment market is predicted to grow at a CAGR of over 4% during the forecast period. Port Equipment includes various cranes such as ship-to-shore cranes, forklifts, horizontal & vertical outreach cranes, gantry cranes, overhead cranes; ship loaders; mooring systems; and others.

mansi3210
Download Presentation

Global Port Equipment Market Size, Industry Trends, Share and Forecast 2019-2025

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Orion Market Research Global Port Equipment Market, Size, Share, Analysis Report & Forecast to 2025 Request a Free Sample of our Global Port Equipment Market: https://www.omrglobal.com/request- sample/port-equipment-market Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 780-304-0404

  2. The global port equipment market is projected to grow at a noteworthy CAGR of over 4% during the forecast period. The market is driven by increasing seaborne trades across the globe. In addition, increasing government initiatives for the development of new ports drive the growth of the global port equipment industry. As of Union Budget 2019-20, the total allocation for the Ministry of Shipping is $272.22 million. In March 2018, a revised Model Concession Agreement (MCA) was approved for making port projects more investor-friendly and make investment climate in the sector more attractive. A full Report of Global Port Equipment Market is Available at: https://www.omrglobal.com/industry- reports/port-equipment-market As per the United Nations Conference on Trade and Development (UNCTAD), maritime transport is the backbone of the economy, which contributes around 80% trade by volume and nearly 70% of global trade by value across the globe. The seaborne trade has experienced the fastest growth of more than 4% in past years as per UNCTAD. The primary factor that drives the growth of the global port equipment includes infrastructure development in the Asia-Pacific region. Coupled with increased spending on road infrastructure, economies are investing heavily in other forms of transport infrastructure such as the seaborne movement of goods and raw materials. In addition, rising seaborne activities in the European region also contributes to the growth of the port equipment market during the forecast period. For instance, the Marine Knowledge 2020 initiative, Common Information Sharing Environment (CISE) for the surveillance of the EU maritime domain, Marine Strategy Framework Directive are some of the activities in the European region. Request a Free Sample of our Global Port Equipment Market: https://www.omrglobal.com/request- sample/port-equipment-market Further, road and air travel emit more carbon footprint in comparison with the sea conveyance. As per the International Chamber of Shipping (ICS), shipping produces around 3-5-gram 80 grams per tonne-km of carbon emission, whereas road and air transportation generates 80 gram per tonne-km by trucks. Growing consciousness regarding carbon footprint and inclination towards eco-friendly transportation is likely to encourage the adoption of port equipment which in turn will drive the market growth and expand port equipment market size during the forecast timeframe. Further, as per the United Nations Conference on Trade and Development (UNCTAD), in 2018, the seaborne trade increased by 4%. It offers several benefits such as large cargo space availability, economical, and safety. Expanding maritime logistics services is likely to flourish the market growth. In May 2019, UK allocated $220 million for expanding Port of Dover. Besides, the ports are incorporating smart solutions to optimize operations, reduce logistics costs, and enhance efficiency. Global Port Equipment Market – Segmentation By Product Type • • • Cranes Ship Loaders Mooring Systems

  3. • • Forklifts Others By Application • • • Container Handling Bulk & Ship Handling Others Global Port Equipment Market – Segmentation by Region North America • • United States Canada Europe • • • • • • Germany UK France Spain Italy Rest of Europe Asia-Pacific • • • • China Japan India Rest of Asia-Pacific Rest of the World Company Profiles •ABB Ltd. •American Crane & Equipment Corp. •Cavotec SA •CVS FERRARI S.P.A. •Famur Famak SA •Hyster-Yale Group, Inc. •Kalmar, Cargotec Corp. Company •Konecranes Oyj •Kooiman Marine Group

  4. •Liebherr International Deutschland GmbH •Lonking Holdings Ltd. •Prosertek Group S.L. •SanMar Corp. •Sany Group •Shanghai Zhenhua Heavy Industries Co. Ltd. •ThyssenKrupp AG •Til Ltd. •Timars Svets & Smide AB •TTS Group ASA For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report- customization/port-equipment-market About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research- based services. For More Information, Visit Orion Market Research Media Contact: Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 7803040404

More Related