The latest research study “Ship-to-Shore Cranes Market Share: Global Industry Trends, 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.
Ship-to-shore cranes are utilized to load and unload heavy ship containers. These cranes enhance performance, and offer high reliability, power regeneration, and a robust structure optimum for terminal automation. Today, ship-to-shore cranes are gaining popularity as several companies currently offer modular, lightweight, and durable designs requiring low maintenance.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Ship-To-Shore Cranes Market Trends and Drivers:
One of the primary factors driving the market is the rising utilization of online shopping platforms for buying imported goods. Additionally, the extensive promotion of manufacturing goods locally and in international trade through commending export and import policies by governing agencies of various nations is propelling the market growth.
Besides this, technological advancements, such as external control of STS cranes and automation, which allow controllers to monitor crane operations without distortion of vision caused due to fog, rain, or wind, are also catalyzing the market growth.
Furthermore, the growing focus on port automation to minimize errors and the emphasis on integrating technologies, such as ship profiling systems (SPS) and electronic load systems (ELC), are creating a positive market outlook.
|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.
List Of Major Key Players :
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
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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.