Global Port Crane Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Port Crane Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Port cranes are lifting equipment used in seaports and terminals to handle and transport containerized and oversized goods. They are also used for other tasks such as ship repairs, grounding ships, or auxiliary operations. Port cranes are critical to the efficiency and productivity of port operations.

Market Overview:

The latest research study on the global Port Crane market finds that the global Port Crane market reached a value of USD 10940.55 million in 2023. It’s expected that the market will achieve USD 17312.51 million by 2029, exhibiting a CAGR of 7.95% during the forecast period.

Advantages of port cranes

Ports require different types of container cranes depending on the nature of the work, the size and type of ships calling at the port, the types of cargo being loaded and unloaded, and the level of port throughput. As a kind of special lifting equipment, port cranes usually have fast lifting speed and high working level, which greatly improves productivity and reduces the residence time at the dock. Port cranes have a high lifting capacity and can operate at considerable heights, allowing them to handle multiple containers at the same time. The rated lifting capacity of port cranes averages around 40 to 80 tones. Ports around the world have different setups, with certain quay cranes capable of lifting heavier loads, some even up to 120 tones. Port cranes are also designed to withstand harsh weather conditions, allowing for continuous operation year-round. The machines offer additional corrosion protection through special painting, chrome and galvanized piston rods, and a custom design of the crane. The sturdy undercarriage ensures the port crane's high stability during all lifting operations. Many modern cranes incorporate advanced automation technology. These systems can handle tasks such as container identification, location, and even autonomous operation. This not only improves operational efficiency but also reduces reliance on manpower, especially in labor-intensive processes. Many port cranes are equipped with safety mechanisms, including overload protection and anti-sway technology, reducing the risk of accidents in the workplace. Port cranes are often designed with environmental impact in mind. They may adopt energy-saving and emission-reducing technologies. Some cranes use regenerative braking systems to convert excess energy into usable electricity, contributing to more sustainable operations. With the development of container ships, port cranes are required to have higher efficiency and greater lifting capacity to be able to load and unload large container ships. Overall, port cranes’ high load capacity, efficient handling and stacking capabilities, container size versatility, advanced automation and safety features, scalability, and economic impact make them indispensable in modern ports and container terminals. Or missing. As people learn more about the benefits of port cranes, their market size continues to grow.

Growing ocean cargo transport

Ocean cargo transportation is crucial in global trade because it is a cheaper and more efficient way to transport goods. According to OECD estimates, the vast majority of goods (about 80%-90%) are transported by ship. Maritime trade volumes are set to triple by 2050 as global demand for freight increases. As global trade volumes expand, ports are faced with the challenge of efficiently handling larger cargo shipments. Port cranes are essential for loading and unloading ships quickly and cost-effectively. In the aftermath of the COVID-19 pandemic and against the backdrop of geopolitical tensions, the shipping industry will need to transform and innovate to cope with the complexity of the current situation. Shipping alliances between shipowners and carriers share resources and reduce costs by integrating ships, networks, and services. Compliance with the International Maritime Organization’s zero-carbon emissions policy will drive investment in new environmentally friendly ships that use alternative fuels such as LNG and methanol. Internal operational needs and port expansions are helping to increase the supply of container ships as ocean shipping companies strive to optimize and improve efficiency. Companies seek to diversify production and sourcing locations to improve risk management and operational resilience. Southeast Asian countries such as India, Vietnam, and Thailand have emerged as attractive destinations for manufacturers. These areas offer lower labor costs, a skilled workforce, and large expat communities. India stands out in particular for its large population, rapid GDP growth, numerous infrastructure projects, and active measures to attract foreign direct investment. Ocean carriers are modifying routes, adding more stops, and utilizing smaller vessels to adapt to changing demand patterns in Southeast Asia. Overall, global seaborne trade has grown due to increased movement of goods across borders. This will have a positive impact on the development of port crane shipping.

Region Overview:

In 2022, the share of the Port Crane market in Asia Pacific stood at 41.23%.

Company Overview:

The major players operating in the Port Crane market include ZPMC, Konecranes, Liebherr, MITSUI E&S Co., Ltd., Jiangsu Rainbow Heavy Industries Co., Ltd., etc. Among which, ZPMC ranked top in terms of sales and revenue in 2023.

ZPMC is a famous heavy-duty equipment manufacturer, and a state owned company listed on A and B shares on the Shanghai Stock Exchange. The major shareholder is China Communications Construction Company Limited(CCCC) which is one of the top 500 companies in the world. ZPMC also has 6 production bases located in Shanghai, Nantong with a total area of 6,670,000 square meters and 10 kilometers of coastline, especially the Changxing Base, which has a 5 kilometers deep water coastline and a heavy-duty dock of 3.7 kilometers. ZPMC is one of the largest port machinery manufacturers in the world and owns a fleet of more than 20 transportation vessels which are from 60,000 DWT to 100,000 DWT can deliver large products all over the world.

ZPMC products have entered into 106 countries and regions all over the world. There are eight main types of products: Firstly, the supply of large-scale port container machinery and bulk material handling machinery for ore and coal. Such as quayside container cranes occupied 70% of world market shares. Bulk material handling machinery includes ship loaders, ship unloaders, bucket-wheel stacker-reclaimers, and environment-friendly chain-bucket ship unloaders. Secondly, supply of heavy offshore products, such as floating cranes, pipelay vessels, and other engineering vessels, all types of platforms, DP systems and jacking systems， and goliath cranes. Thirdly, supply of large heavy and special steel structures. The production capacity is 1,000,000 tons per year. ZPMC has successfully finished the construction of the U.S. San Francisco-Oakland Bay Bridge. Fourthly, supply of marine transportation and installation. ZPMC has over 20 years’ of experience in marine transportation and a strong capacity in shipping design, and offshore and subsea installation. Fifthly, system integration and overall contract of projects, including the overall contract of bulk cargo system, global energy saving, and environmentally friendly generation IV fully automated terminal system. ZPMC has successfully built the biggest single automatic wharf in the world and the first fully automatic wharf in China. Sixthly, electrical products, software development, and integration. ZPMC has a self-owned electrical brand “EZ”. Seventhly, investment and financing. Eighthly, integrated services.

Segmentation Overview:

By type, Rubber Tired Gantry Cranes segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Stacking segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Port Crane market covered in Chapter 3:

ZPMC
MITSUI E&S Co., Ltd.
Jiangsu Rainbow Heavy Industries Co., Ltd.
SANY
Yufei Heavy Industries Group
Jiangsu Yuanwang Hoisting Machinery Manufacture
BKRS
GOLDEN
TIANQIAO CRANE
Kuenz
Guangdong Yongtong machinery Limited
Konecranes
Doosan
Liebherr
SENNEBOGEN

In Chapter 4 and Chapter 14.2, on the basis of types, the Port Crane market from 2019 to 2030 is primarily split into:

Ship to Shore Container Cranes
Mobile Harbour Cranes
Permanently-installed Cranes
Rail Mounted Gantry Cranes
Rubber Tired Gantry Cranes
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Port Crane market from 2019 to 2030 covers:

Container Handling
Stacking
Bulk Handling
Scrap Handling
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)