DUBLIN--(BUSINESS WIRE)--The "Port Equipment Market by Equipment Type, Application, Demand, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering
Increasing seaborne trade across the globe and growing number of container shipments in Asia Pacific and the Middle East are the major factors for the growth of the global port equipment market.
The port equipment market size is expected to grow from USD 29.2 billion in 2018 to USD 36.6 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 3.30% during the forecast period.
The market for port equipment is driven by numerous factors, such as the increasing seaborne trade. According to a publication of United Nations Conference on Trade and Development (UNCTAD), the global seaborne trade reached nearly 12.72 billion tons in 2017 due to the increasing global population, growing global Gross Domestic Product (GDP), rising disposable income especially in Asian countries, and growing standard of living. This has increased the import-export trade between countries to meet the demand for various goods. High capital and maintenance costs of port equipment are limiting the overall growth of the market.
European countries have a robust economy, and the region is the home to some of the leading manufacturers of port equipment which drives the market here. Konecranes (Finland), Kalmar (Finland), and Liebherr (Switzerland) are the key manufacturers, dealers, distributors of this equipment in the region.
Key Topics Covered:
2 Research Methodology
3 Premium Insights
4 Executive Summary
5 Market Overview
6 Industry Trends
7 Port Equipment Market, By Equipment Type
8 Port Equipment Market, By Application
9 Port Equipment Market, By Type
10 Port Equipment Market, By Demand
11 Port Equipment Market, By Region
12 Competitive Landscape
13 Company Profiles
- American Crane & Equipment
- Anhui Heli
- CVS Ferrari
- Famur Famak
- Lonking Holdings Limited
- Mcnally Bharat Engineering
- Shanghai Zhenhua Heavy Industries (ZPMC)
- Til Limited
- Timars Svets & Smide Ab
For more information about this report visit https://www.researchandmarkets.com/research/pcdsv7/port_equipment?w=4