Middle East & Africa Port Equipment Market Size & Outlook
The port equipment market in Middle East & Africa is expected to reach a projected revenue of US$ 1,770.5 million by 2030. A compound annual growth rate of 2.4% is expected of Middle East & Africa port equipment market from 2025 to 2030.
Revenue, 2024 (US$M)
$1,595.2
Forecast, 2030 (US$M)
$1,770.5
CAGR, 2025 - 2030
2.4%
Report Coverage
Middle East & Africa
Related Markets
MEA port equipment market highlights
- The MEA port equipment market generated a revenue of USD 1,595.2 million in 2024.
- The market is expected to grow at a CAGR of 2.4% from 2025 to 2030.
- In terms of segment, reach stackers was the largest revenue generating equipment type in 2024.
- Terminal Tractors is the most lucrative equipment type segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2025 to 2030.
MEA data book summary
| Market revenue in 2024 | USD 1,595.2 million |
| Market revenue in 2030 | USD 1,770.5 million |
| Growth rate | 2.4% (CAGR from 2025 to 2030) |
| Largest segment | Reach stackers |
| Fastest growing segment | Terminal Tractors |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Heavy Forklifts, Reach Stackers, Container Handlers, Terminal Tractors |
| Key market players worldwide | Liebherr Group, Konecranes Oyj, Emerson Electric Co, Toyota Motor Corp ADR, Cargotec Oyj ADR, Anhui Heli |
Other key industry trends
- In terms of revenue, MEA region accounted for 10.2% of the global port equipment market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 7,711.5 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 |
|---|---|---|---|---|
| Toyota Motor Corp ADR | View profile | 380793 | 1 Toyota-cho, Aichi Prefecture, Toyota, Japan, 471-8571 | https://www.global.toyota |
| Konecranes Oyj | View profile | 16553 | Koneenkatu 8, P.O. Box 661, Hyvinkaa, Finland, FI-05801 | https://www.konecranes.com |
| Anhui Heli | View profile | 5001-10000 | Hefei, Anhui, China, Asia | http://www.helichina.com |
| Cargotec Oyj ADR | View profile | 11266 | Porkkalankatu 5, Helsinki, Finland, 00180 | https://www.cargotec.com |
| Liebherr Group | View profile | 10001+ | Biberach An Der Riß, Baden-Wurttemberg, Germany, Europe | http://www.liebherr.com |
| Emerson Electric Co | View profile | 67000 | 8000 West Florissant Avenue, P.O. Box 4100, St. Louis, MO, United States, 63136 | https://www.emerson.com |
MEA port equipment market size, by country, 2018-2030 (US$M)
Middle East & Africa Port Equipment Market Outlook Share, 2024 & 2030 (US$M)
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