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Port Equipment Market Size - By Equipment, By Operation, By Propulsion, Growth Forecast, 2025 – 2034
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Port Equipment Market
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Premium Report Details
Base Year: 2024
Companies covered: 20
Tables & Figures: 190
Countries covered: 21
Pages: 170
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Port Equipment Market Size
The global port equipment market was valued at USD 19.3 billion in 2024 and is estimated to register a CAGR of 5.7% between 2025 and 2034. International trade and containerized cargo are potent forces that drive the market. Globalization has also enhanced trade over the seas which has necessitated efficient infrastructure and advanced systems for cargo handling. To increase the efficiency of ports and accommodate the larger container vessels, there is a growing demand for ship-to-shore cranes, gantry cranes and automated container handling equipment.
Brunswick in Savannah Georgia became the largest automobile port in the United States in 2024 passing Baltimore, due to vehicle movements exceeding 841,000 units which corresponds to an increase of over 13%. This growth is representative of the phenomenon of outgrowing global trade and strengthens the argument for improved port systems to adjust to increased cargo traffic that needs to be serviced.
Smart ports along with automated container terminals are changing the landscape of the industry. Operational efficiency, turnaround time, and human input is improved through the utilization of artificial intelligence (AI), the Internet of Things, and automated guided vehicles. With the need for enhanced safety, optimization of logistics processes, and real time monitoring, there is an investment around the world for semi-automated or fully automated systems.
The government and private sectors are investing heavily in developing and modernizing ports to keep up with trading activities that are growing globally. To improve deep-water port terminals and their storage capacities, lifting equipment for the ports are needed. Various modern cranes for ports, bulk material handling systems and terminal tractors are being purchased as part of the infrastructural development of developing countries in the Asia-Pacific and Middle East regions.
Port Equipment Market Trends
Port Equipment Market Analysis
Based on equipment, the port equipment market is divided into cargo handling equipment, bulk material handling equipment and port infrastructure equipment. In cargo handling equipment segment held a market share of over 45% and is expected to cross USD 17.8 billion by 2034.
Based on the propulsion, the port equipment market is divided into diesel, electric and hybrid. In the diesel segment, it dominated the market accounting for 54% in 2024.
Based on operation, the port equipment market is categorized into manual, semi-automated and fully automated. The manual segment held a market share of 48% in 2024.
North America dominates the global port equipment market and U.S. leads the market in the region generating revenue of USD 3.5 billion in 2024.
The port equipment market in Germany is expected to experience significant and promising growth from 2025 to 2034.
The port equipment market in China is expected to experience significant and promising growth from 2025 to 2034.
Port Equipment Market Share
Top 5 companies leading the port equipment industry in 2024 are Liebherr Group, Sany Heavy Industry Co., Ltd., Hyster-Yale Materials Handling, Inc., Shanghai Zhenhua Heavy Industries (ZPMC) and Terex Corporation. Together, they hold around 41% market share in the port equipment market.
Port Equipment Market Companies
Major players operating in the port equipment industry include:
Port Equipment Industry News
The port equipment market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue ($Bn) and shipment (units) from 2021 to 2034, for the following segments:
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Market, By Equipment
Market, By Operation
Market, By Propulsion
The above information is provided for the following regions and countries: