Ship-to-Shore Cranes Market Size, Share, Trends, Growth and Forecast 2030

Global Ship-to-Shore Cranes Market: Overview

The global Ship-to-Shore Cranes Market size was worth around USD 2986.47 Million in 2022 and is predicted to grow to around USD 4136.72 Million by 2030 with a compound annual growth rate (CAGR) of roughly 4.11% between 2023 and 2030.

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Ship-to-shore cranes are custom designed cranes with a wide range of specifications and outreaches detail as per the requirements of the customer. These are constituted by electrical equipment, spreader, machine room, trolley traveling mechanism, crane traveling mechanism, tilting mechanism, pitching mechanism, lifting mechanism, steel structure, and essential safety devices.

Global Ship-to-Shore Cranes Market: Growth Factors

The global ship-to-shore cranes market is growing at a speedy rate. Factors such as an increase in the use of large-sized vessels, a rise in the number of sea trade & transport, and the growing necessity of safe & effective loading & unloading equipment are augmenting the growth of the global market. Ship-to-shore cranes are usually used to transfer loaded containers from and to ships and are the link between the ships and the terminals. They are the important pieces of equipment as the efficiency and safety of their movements are economic building blocks of most of the nations.

The ship-to-shore cranes are cranes of high performance with a lower self-weight, low downtime & high reliability, stable & rigid structure, accurate speeder positioning, low lifecycle costs, and also provides improved performance where high in-service winds prevail. In addition to this, they also offer increased productivity.

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Owing to all such benefits of the ship-to-shore cranes they are been extensively used on the majority of the ports. This is augmenting the growth of the global ship-to-shore cranes market. Moreover, the huge investment by the manufacturers for the development of the ship-to-shore cranes of different designs and growing installations of the ship-to-shore cranes to minimize the container traffic are also some of the key factors that are propelling the growth of the global market. Furthermore, technological advancements such as the automation of ship-to-shore cranes are likely to create lucrative opportunities for the growth of the global ship-to-shore cranes market during the forecast period. However, the rising cost with the requirement of larger extensions resulting in the high cost of the cranes may hinder the growth of the global ship-to-shore cranes market.

The outbreak of Covid-19 has adversely affected the growth of the global ship-to-shore cranes market. Most of the governments imposed strict lockdowns and sealed the borders of the countries. The ports were also sealed and restriction on trade and transport was enforced during the pandemic. The operations at distribution centers as well as terminals were also ceased. In addition to this, the manufacture of ship-to-shore cranes was also been affected due to the unavailability of the raw material caused by a disruption in the supply chain. All these factors hampered the overall market growth amid the pandemic situation.

Global Ship-to-Shore Cranes Market: Segmentation

The global ship-to-shore cranes market is bifurcated based on outreach, power supply, and region. Based on the outreach, the global ship-to-shore cranes market is divided into less than 40, 40 to 49, 50 to 60, and greater than 60. Among these, greater than 60 segment is estimated to dominate the market. Based on the power supply, the global market is split into hybrid, electric, and diesel. Among these, electric ship-to-shore cranes are expected to contribute to maximum share during the forecast period.

Global Ship-to-Shore Cranes Market: Regional Analysis

Asia Pacific is predicted to dominate the global ship-to-shore cranes market and contribute maximum share in terms of revenue during the forecast period. Factors such as the expansion of ports, heavy investments in the development of infrastructure, and the increase in installation of ship-to-shore cranes to minimize the container traffic in countries like India are boosting the growth of the market in this region. North America and Europe are also anticipated to contribute a significant share to the market owing to the adoption of electric as well as automated ship-to-shore cranes.

Ship-to-Shore Cranes Market: Report Scope

Global Ship-to-Shore Cranes Market: Competitive Players

• Shanghai Zhenhua Heavy Industries Co. Ltd. 
• Anupam Industries Limited SANY Group Co. Ltd. 
• Kranunion GmbH Konecranes 
• MAC PORT Macchine Operatrici Portuali s.r.l 
• Wison Group Liebherr-International AG 
• Noell Crane Systems (China) Limited
• Kalmar

By Power Supply

• Hybrid
• Electric
• Diesel

Global Ship-to-Shore Cranes Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.