Report Code: A11983 | Nov 2023 | Pages: NA | ||
Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
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Increase in number of ports has increased the number of ship-to-shore (STS) cranes installed since they help in fast container movement. This development has risen after the expansion of the Panama Canal. Additionally, rising use of large-sized vessels, such as Panamax and Post-Panamax ships, requires STS cranes with extended outreach. This factor will further aid the demand for STS cranes. A major factor driving the container crane market is the progress of the marine sector. These advances are mainly reflected in the field of trade through ships, merchant ships and other types of ships. Use of large-sized ship vessels by major transport lines is growing, which, in turn, is driving the expansion of deep inland waterways for better accommodation of these ships. As a result, ports are forced to invest in high-capacity equipment to help load and unload containers from these ships. Port authorities in the Asia-Pacific region have undertaken various large-scale port infrastructure development projects. Electric ship-to-shore cranes are expected to contribute to market growth, especially in developed regions such as Europe and North America. The strict regulations imposed by the governments of these regions have allowed the adoption of electric STS cranes. For example, in Europe, regulations on port emissions are expected to facilitate the installation of electric STS cranes in the next few years. These cranes do not need to use traditional diesel engines, thereby helping port authorities to save costs, thereby reducing maintenance costs.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2020–2030 |
Base year considered | 2020 |
Forecast period | 2021–2030 |
Forecast units | Value (USD) |
Segments covered | Power Supply, Outreach, Lifting Capacity, and Region |
Regions covered | North America (U.S., Canada and Mexico), Europe (Germany, U.K, France, Russia and rest of Europe), Asia-Pacific (China, Japan, India, South Korea and rest of Asia-Pacific), LAMEA (Latin America, Middle East and Africa) |
Companies covered | Shanghai Zhenhua Heavy Industries Co., Ltd., Konecranes, Kalmar, Noell Crane Systems (China) Limited, Kranunion GmbH, Liebherr-International AG, Wison Group, SANY Group Co., Ltd., MAC PORT Macchine Operatrici Portuali s.r.l, and Anupam Industries Limited. |
COVID-19 Impact analysis
The global market for ship-to-shore cranes is severely impacted by the outbreak of the COVID-19 pandemic. The COVID-19 pandemic saw a decline in the economic growth in almost all the major countries, thus affecting consumer spending patterns. Owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of numerous industries across the globe, thereby increasing the supply–demand gap. Thus, insufficiency in raw material supply is expected to hamper the production rate of ship-to-shore cranes, which negatively impact the market growth. However, this situation is expected to improve as government has started relaxing norms around the world for resuming business activities.
Top Impacting Factor
The ship-to-shore (STS) cranes market trends are as follows:
Technological development and innovation
Technological development, such as automation and external control of STS cranes via joystick or remote computers. They also allow the regulator to monitor crane process without visual distortion caused by rain, wind or fog. Furthermore, in June 2020, National Renewable Energy Laboratory (NREL), Pacific Northwest National Laboratory (PNNL), and Sandia National Laboratories (SNL) in collaboration developed a Marine and Hydrokinetic Toolkit (MHKiT) launched open-source software. The technology development also provides driver safety and increases operational efficiency. Moreover, automation helps optimize power intake, which helps curb noise and emissions of the cranes. Thus, technological development and innovation will help to grow market of ship-to-shore cranes market.
Rapid industrialization and urbanization
The rapid industrialization and urbanization of advanced and emerging economies have led to an increase in maritime transportation. According to data from the United Nations (UN), it is estimated that by 2050, approximately 68% of the world's population will live in urban areas, compared with 751 million in 1950. Hence, these factors are expected to propel the global ship-to-shares cranes market growth over the forecast period.
Key segments covered:
Segments | Subsegments |
Power Supply |
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Outreach |
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Lifting Capacity |
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Region |
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Key benefits of the report:
Questions answered in the ship-to-shore crane market research report:
Ship-to-Shore Cranes Market Report Highlights
Aspects | Details |
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By Power Supply |
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By Outreach |
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By Lifting Capacity |
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By Region |
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Key Market Players | Kranunion GmbH, Anupam Industries Limited., SANY Group Co. Ltd., Shanghai Zhenhua Heavy Industries Co. Ltd., Liebherr-International AG, Wison Group, MAC PORT Macchine Operatrici Portuali s.r.l, Konecranes, Kalmar, Noell Crane Systems (China) Limited |
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