Global Port Equipment Market Size & Outlook, 2023-2030
The port equipment industry worldwide is expected to reach a projected revenue of US$ 18,309.2 million by 2030. A compound annual growth rate of 2.6% is expected of the worldwide port equipment industry from 2024 to 2030.
Revenue, 2023 (US$M)
$15,420.5
Forecast, 2030 (US$M)
$18,309.2
CAGR, 2024 - 2030
2.6%
Report Coverage
Worldwide
Global port equipment market, 2018-2030 (US$M)
Related Markets
Global port equipment market highlights
- The global port equipment market generated a revenue of USD 15,420.5 million in 2023 and is expected to reach USD 18,309.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 2.6% by 2030.
- In terms of segment, reach stackers accounted for a revenue of USD 5,167.9 million in 2023.
- Terminal Tractors is the most lucrative equipment type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, South Korea is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 15,420.5 million |
| Market revenue in 2030 | USD 18,309.2 million |
| Growth rate | 2.6% (CAGR from 2024 to 2030) |
| Largest segment | Reach stackers |
| Fastest growing segment | Terminal Tractors |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Heavy Forklifts, Reach Stackers, Container Handlers, Terminal Tractors |
Other key industry trends
- In terms of revenue, the North America accounted for 24.2% of the global port equipment market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Korea is the fastest growing regional market and is projected to reach USD 441.2 million by 2030.
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Port Equipment Market Scope
Port equipment market segmentation & scope
Port Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global port equipment market size, by regions, 2018-2030 (US$M)
Top 10 countries: Port equipment market size, 2023 (US$M)
Global port equipment market share, by equipment type, 2023 & 2030 (%, US$M)
Port equipment market: Opportunity assessment by country
Global port equipment market, by region, 2023 (US$M)
Related regional statistics
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