The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033.
The Ship-To-Shore Cranes by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Ship-To-Shore Cranes, The ship-to-shore cranes market size has grown rapidly in recent years. It will grow from $2.83 billion in 2023 to $3.33 billion in 2024 at a compound annual growth rate (CAGR) of 17.5%. The growth in the historic period can be attributed to global trade expansion leading to increased container traffic, growing size and capacity of container ships, modernization and automation of port operations, efforts to improve port efficiency and reduce turnaround times, increased containerization of cargo for transportation.
The ship-to-shore cranes market size is expected to see rapid growth in the next few years. It will grow to $6.33 billion in 2028 at a compound annual growth rate (CAGR) of 17.4%. The growth in the forecast period can be attributed to continued growth in global maritime trade, adoption of advanced automation technologies in ports, expansion of container terminal capacities, emphasis on environmental sustainability in port operations, integration of digital technologies for real-time monitoring and control. Major trends in the forecast period include development of mega-container ships driving demand for larger cranes, implementation of electrification and hybrid power solutions for cranes, integration of artificial intelligence for predictive maintenance, modular and scalable designs for flexible crane configurations, adoption of remote operation and autonomous functionality.
The rising cargo transportation worldwide is predicted to propel the growth of the ship to shore cranes market going forward. Due to its low cost, high sea vessel load capacity, and lack of restrictions on a vessel carrying capacity, shipping goods by sea is one of the most popular methods of moving cargo. When transporting long-distance goods, sea freight services significantly reduce transportation costs in comparison to other methods of transporting goods over long distances this makes sea transport affordable. According to Organisation for Economic Co-operation and Development (OECD), a unique platform where the leaders of 37 democracies with market-based economies work together, by 2050, maritime trade volumes, a type of trade that includes using of ships to transport goods by sea, is estimated to triple. Each year, ships carry about 11 billion tonnes of cargo. The ship to shore cranes are gantry-style cranes used to load and unload containers from ships to docks. The cranes increase efficiency and decrease human intervention and human errors in loading and unloading. Therefore, the rising cargo transportation worldwide drives ship to shore cranes.
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The ship-to-shore cranes market covered in this report is segmented –
1) By Type: High Profile Cranes, Low Profile Cranes
2) By Lifting Capacity: Panamax STS Cranes, Post Panamax STS Cranes, Super-Post Panamax STS Cranes
3) By Power Supply: Diesel, Electric, Hybrid
4) By Outreach: Less Than 40 Meters, 41 – 50 Meters, 51 – 60 Meters, More Than 60 Meters
5) By Application: Cargo Transportation, Power Transmission, Other Applications
Top Major Players:
Liebherr Container Cranes Ltd.
Shanghai Zhenhua Heavy Industries Co. Ltd.
Wison Group
Konecranes plc
Kalmar Global
North America was the largest region in the ship to shore cranes market in 2023.
Automation and technological advancements are the key trends in the ship to shore cranes market. Automation has a remarkable impact on container management effectiveness and driver safety. The secure transfer of containers from a ship to a port is made possible by technologies like the Electronic Load System (ELC) and Ship Profiling System (SPS). Technological advancements like automation and remote computer or joystick control of STS cranes. Additionally, they permit the regulator to watch the crane operation without being hindered by fog, rain, or wind. Automation also aids in power intake optimization, which reduces crane emissions and noise. For instance, in December 2021, sfPORTEQ, a Sweden-based machinery manufacturing firm that supplies containers and provides handling and training services, announced the launch of Twin Expandable Hydraulic Mobile Harbor. The newly introduced spreader is known as the TEHMH+ Twin Expandable Hydraulic Mobile Harbor Spreader. It boasts a remarkably low weight, tipping the scales at just 11.2 tons, while offering an impressive lifting capacity of 45 tons in single lift mode and 32.5 tons in twin lift mode. This mobile harbor crane spreader operates using an electric hydraulic system, built upon well-established technology that provides the spreader with the necessary strength and durability for continuous operations.
The ship-to-shore cranes market report table of contents includes:
1. Executive Summary
2. Ship-To-Shore Cranes Market Characteristics
3. Ship-To-Shore Cranes Market Trends And Strategies
4.COVID-19 Impact On the Market
5. Global Ship-To-Shore Cranes Market Size and Growth
….……
31. Global Ship-To-Shore Cranes Market Competitive Benchmarking
32. Global Ship-To-Shore Cranes Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Ship-To-Shore Cranes Market
34.Ship-To-Shore Cranes Market Future Outlook and Potential Analysis
35.Appendix
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