Ship-To-Shore Cranes Market Size, Share & Trends Report

Ship-To-Shore Cranes Market Size, Share & Trends Analysis Report By Outreach (<40, 40-49, 50-60, >60), By Power Supply (Diesel, Electric, Hybrid), By Region (North America, APAC, MEA), And Segment Forecasts, 2018 - 2025

  • Published Date: Oct, 2018
  • Base Year for Estimate: 2016
  • Report ID: GVR-2-68038-474-1
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2016
  • Number of Pages: 138

Industry Insights

The global ship-to-shore cranes market size was valued at USD 2.17 billion in 2016 and is expected to gain traction over the forecast period. The growth can be attributed to numerous factors such as growing container traffic, vessel sizes, and transshipment activities. The steady and optimistic market conditions have led tonumerous initiatives in the port industry to upgrade not only ship-to-shore (STS) cranes but also the quay, depth, and other port cranes (RMGs/ RTGs).

While Asia Pacific maintained its position as the largest contributor, Latin America and Middle East are also driving the demand. An important characteristic of these regions is the investment in the Greenfield projects and growing amount of private investments for port infrastructure development. The uncertain economic conditions and the high investment costs required for these cranes can hinder market growth to an extent over the forecast period.

U.S. ship-to-shore cranes market

Major companies focus on capacity management of STS cranes, when there is a rise in container throughput, by heightening, strengthening, and extending them. Upgrades in existing machines is the preferred option for such companies, as it enables cost savings.

Expansion of the Panama Canal catered to the growing demand for maritime trade by providing an additional route to accommodate container vessel traffic. It has led to the expansion of ports in regions, such as Latin America. It has also increased exports to Asia Pacific and North America. Furthermore, port expansion has favored installation of ship-to-shore cranes to manage the container throughput.

Automation plays a remarkable role, as it enhances driver safety and container management efficiency. Technologies, such as Electronic Load System (ELC) and Ship Profiling System (SPS) enable safe transfer of containers from a ship to a port.

Outreach Insights

The >60 STS crane is expected to expand at the fastest CAGR of 6.4% over the forecast period. This growth can be attributed to the upgrades in existing STS cranes to improve their container handling capacity.

Longer outreach enables a ship-to-shore crane to carry out faster container transport with fewer moves. The Asia Pacific region is expected to favor growth of the >60 STS crane segment, owing to increased number containers in the region. According to the World Bank Organization, in 2014, container traffic in India was 11,655,635 TEU and this figure is anticipated to grow over the forecast period. Thus, the regional installation is expected to surge in near future.

Power Supply Insights

The electric segment emerged dominant in the global ship-to-shore cranes market. It was valued at USD 1.06 billion in 2016. The segment is anticipated to register the fastest CAGR of 5.8% over the forecast period.

Europe ship-to-shore cranes market

Electric STS cranes do not require frequent maintenance. This helps in reducing expenses for a company. They also eliminate the use of engine and hydraulic oils, as they are powered by electricity. Increased government regulations to control and prevent pollution have led to a rise in adoption of these machines. Technological advancements have enabled low energy consumption, which has further stimulated the demand.

Regional Insights

Asia Pacific is expected to be the fastest-growing regional segment. It is anticipated to expand at a CAGR of over 5.8% over the forecast period. The increased demand for goods has led to exponential rise in container traffic in the region. This factor is anticipated to stimulate port expansion in various part of Asia Pacific.

STS cranes are an essential parts of port infrastructure that forms a crucial aspect of logistics transport across the world. The growing container traffic in Asia Pacific has stimulated governments in the region to invest in port expansion. This is anticipated to foster installation of these machines as they play a crucial role in container handling activities.

Ship-to-Shore Cranes Market Share Insights

The key market players include 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.

The market comprises smaller number of key players with large market shares held by individual organizations. The barriers to entry are many and new players find it difficult to compete. Acquisition or partnerships with large companies are the primary strategies adopted by most companies to grow and remain competitive.

The competition is fierce and the key players share resources and exploit economies of scale through collaborations. Market players, such as Shanghai Zhenhua Heavy Industries Co., Ltd., adopt the non-conventional supply chain approach, which involves shipping of an entire crane to the destination. This approach aids in saving time and reducing installation costs.

Report Scope

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 - 2016

Forecast period

2017 - 2025

Market representation

Revenue in USD Million & CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America, and MEA

Country scope

U.S., U.K., Turkey, China, India, Japan, Brazil, and Mexico

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

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Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global ship-to-shore cranes market report based on outreach, power supply, and region:

  • Outreach Outlook (Revenue, USD Million; 2014 - 2025)

    • <40

    • 40-49

    • 50-60

    • 60+

  • Power Supply Outlook (Revenue, USD Million; 2014 - 2025)

    • Diesel

    • Electric

    • Hybrid

  • Regional Outlook (Revenue, USD Million; 2014 - 2025)

    • North America

      • U.S.

    • Europe

      • U.K.

      • Turkey

    • Asia Pacific

      • China

      • India

      • Japan

    • Latin America

      • Brazil

      • Mexico

    • MEA

Key questions answered by the report
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