The ship-to-shore cranes global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Ship To Shore Cranes Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The ship-to-shore cranes market size has grown rapidly in recent years. It will grow from $2.83 billion in 2023 to $3.33 billion in 2024 at a compound annual growth rate (CAGR) of 17.5%. The growth in the historic period can be attributed to global trade expansion leading to increased container traffic, growing size and capacity of container ships, modernization and automation of port operations, efforts to improve port efficiency and reduce turnaround times, increased containerization of cargo for transportation.
The ship-to-shore cranes market size is expected to see rapid growth in the next few years. It will grow to $6.33 billion in 2028 at a compound annual growth rate (CAGR) of 17.4%. The growth in the forecast period can be attributed to continued growth in global maritime trade, adoption of advanced automation technologies in ports, expansion of container terminal capacities, emphasis on environmental sustainability in port operations, integration of digital technologies for real-time monitoring and control. Major trends in the forecast period include development of mega-container ships driving demand for larger cranes, implementation of electrification and hybrid power solutions for cranes, integration of artificial intelligence for predictive maintenance, modular and scalable designs for flexible crane configurations, adoption of remote operation and autonomous functionality.
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The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
The rising cargo transportation worldwide is predicted to propel the growth of the ship to shore cranes market going forward. Due to its low cost, high sea vessel load capacity, and lack of restrictions on a vessel carrying capacity, shipping goods by sea is one of the most popular methods of moving cargo. When transporting long-distance goods, sea freight services significantly reduce transportation costs in comparison to other methods of transporting goods over long distances this makes sea transport affordable. According to Organisation for Economic Co-operation and Development (OECD), a unique platform where the leaders of 37 democracies with market-based economies work together, by 2050, maritime trade volumes, a type of trade that includes using of ships to transport goods by sea, is estimated to triple. Each year, ships carry about 11 billion tonnes of cargo. The ship to shore cranes are gantry-style cranes used to load and unload containers from ships to docks. The cranes increase efficiency and decrease human intervention and human errors in loading and unloading. Therefore, the rising cargo transportation worldwide drives ship to shore cranes.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
The ship-to-shore cranes market covered in this report is segmented –
1) By Type: High Profile Cranes, Low Profile Cranes
2) By Lifting Capacity: Panamax STS Cranes, Post Panamax STS Cranes, Super-Post Panamax STS Cranes
3) By Power Supply: Diesel, Electric, Hybrid
4) By Outreach: Less Than 40 Meters, 41 – 50 Meters, 51 – 60 Meters, More Than 60 Meters
5) By Application: Cargo Transportation, Power Transmission, Other Applications
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Regional Insights –
North America was the largest region in the ship to shore cranes market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ship-to-shore cranes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the ship-to-shore cranes market report are Liebherr Container Cranes Ltd., Shanghai Zhenhua Heavy Industries Co. Ltd., Wison Group, Konecranes plc, Kalmar Global, SANY Heavy Equipment Co. Ltd., Manitowoc Cranes Group, Terex Corporation, Cargotec Corporation, Hyundai Heavy Industries Co. Ltd., Anupam Industries Limited, Kranunion GmbH, Kocks Ardelt Kranbau GmbH, Kuenz GmbH, Paceco Corp., TTS Group ASA, Doosan Heavy Industries & Construction Co. Ltd., Huisman Equipment B. V., Kress Corporation, MacGregor, Mitsui Engineering & Shipbuilding Co. Ltd., Noell Crane Systems, OUCO Marine Group Co. Ltd., RAM Lifting Technologies, Sarens NV, TEC Containers SA, ZPMC USA, Tadano Ltd., Palfinger AG, Xuzhou Heavy Machinery Co. Ltd., Bridon-Bekaert The Ropes Group, Dana Incorporated, Mac Port-Macchine Operatrici Portuali SRL
Table of Contents
1. Executive Summary
2. Ship To Shore Cranes Market Report Structure
3. Ship To Shore Cranes Market Trends And Strategies
4. Ship To Shore Cranes Market – Macro Economic Scenario
5. Ship To Shore Cranes Market Size And Growth
…..
27. Ship To Shore Cranes Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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