The latest research study “Ship-to-Shore Cranes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global ship-to-shore cranes market reached a value of US$ 2.73 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 3.71 Billion by 2027, exhibiting a CAGR of 5.10% during 2022-2027.
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Ship-to-shore (STS) cranes are used to load and unload shipping containers in ports and docks. They offer power regeneration, high reliability, and a robust structure for terminal automation and improving performance. Nowadays, the leading manufacturers are offering modular designs that are lightweight, durable, and require little maintenance. Since these designs can be customized to fulfill the customer’s needs, STS cranes are gaining immense traction worldwide.
COVID-19Impact on Market: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Ship-To-Shore Cranes Market Trends and Drivers:
The global ship-to-shore cranes market is primarily driven by the rising need for shipping containers to facilitate cross-border e-commerce due to the increasing usage of online shopping platforms for buying imported goods.
Additionally, the governments of various countries are encouraging domestic manufacturing and international trade by implementing favorable export and import policies and constructing port infrastructure. In line with this, the escalating demand for STS cranes to enhance the reliability and productivity of port terminals is positively influencing market growth. Moreover, several key market players are integrating innovative technologies, such as ship profiling systems (SPS) and electronic load systems (ELC), to transfer containers safely.
Along with this, the increasing emphasis on port automation to reduce human error, improve container management efficacy, and optimize power consumption is propelling the market growth. Other factors, including rising cargo transportation, the growing use of large-sized vessels, and technological advancements, are also anticipated to create a positive market outlook.
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|Ship-To-Shore Cranes Market Report Scope|
|Market size value in 2021||US$ 2.73 Billion|
|Market forecast in 2027||US$ 3.71 Billion|
|Growth Rate||CAGR of 5.10% from 2022 to 2027|
|Base year for estimation||2021|
Global Ship-To-Shore Cranes Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Binderholz GmbH, Dongwha Enterprise, EGGER Group, Evergreen Fibreboard Berhad, Georgia-Pacific LLC (Koch Industries Inc.), Green River Holding Co. Ltd., Kastamonu Entegre, Louisiana-Pacific Corporation, Sonae Arauco, Starbank Panel Products Ltd., West Fraser Timber Co. Ltd. and Weyerhaeuser Company.
The report has segmented the market on the basis of region, product type, power supply, outreach and lifting capacity.
Breakup by Product Type:
- High Profile Cranes
- Low Profile Cranes
Breakup by Power Supply:
Market Breakup by Outreach:
- Upto 40m
- 40m to 49m
- 50m to 60m
- Greater than 60m
Breakup by Lifting Capacity:
- Panamax STS Cranes
- Post Panamax STS Cranes
- Super-Post Panamax STS Cranes
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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