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Premium Report Details
Base Year: 2024
Companies covered: 15
Tables & Figures: 190
Countries covered: 18
Pages: 170
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Shipping & Port Material Handling Equipment Market
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Shipping & Port Material Handling Equipment Market Size
The global shipping & port material handling equipment market size was estimated at USD 18.2 billion in 2024 and is expected to reach USD 18.8 billion in 2025 to USD 25.9 billion by 2034, at a CAGR of 3.6%.
Shipping & Port Material Handling Equipment Market Trends
Shipping & Port Material Handling Equipment Market Analysis
Based on equipment type, the market is segmented into cranes, bulk material handling equipment, and others. In 2024, the bulk material handling equipment segment held the major market share, generating a revenue of USD 7.3 billion in 2024.
Based on power source, the market is segmented into diesel, electric/battery, hybrid, and others. In 2024, the diesel segment held 40.9% share and generated USD 7.5 billion in the global shipping & port material handling equipment market.
In 2024, the U.S. contributed significantly to the shipping & port material handling equipment market growth in North America, accounting for 65.5% share.
Asia Pacific held the largest share in the global market, valued at USD 7.9 billion in 2024, driven by rapid economic growth and accelerating global trade volumes. The increased manufacturing output and import-exports across China, India, Japan and Singapore, fuel the market growth.
The Europe shipping & port material handling equipment market accounted for 27% share in the global market.
Shipping & Port Material Handling Equipment Market Shares
Shipping & Port Material Handling Equipment Market Companies
Major players operating in the global shipping & port material handling equipment industry are:
The key players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions & collaborations, to expand their product portfolios, extend their reach to a broad customer base, and strengthen their market position. The shipping & port material handling equipment market marks the presence of both well-established global market players, specialized material handling equipment manufacturers.
Shipping & Port Material Handling Equipment Industry News
The shipping & port material handling equipment market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) and volume (Thousand Units) from 2021 to 2034, for the following segments:
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Market, By Equipment Type
Market, By Power Source
Market, By Operation Mode
Market, By Application
The above information is provided for the following regions and countries: