Port Equipment Market Worth $36.6 Billion by 2025 - Exclusive Report by MarketsandMarkets - Seite 2

Browse in-depth TOC on "Port Equipment Market"

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Asia Pacific region shows the highest potential for implementation of port equipment 

The port equipment market in the Asia Pacific region is expected to witness high growth during the forecast period. Port equipment are expected to be deployed in large numbers in port terminals, thereby providing various application areas of operations. In recent years, the maximum transportation of containers has been noticed from South Korea, China, Singapore, and India. According to the World Shipping Council, of the top 50 container port terminals in terms of handling million TEU in 2016, 24 were in Asia. These included China, Japan, Malaysia, Indonesia, Singapore, and Thailand.

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The major players in the port equipment market include Liebherr (Switzerland), TTS (Norway), Kalmar (Finland), Konecranes (Finland), Sany (China), Shanghai Zhenhua Heavy Industries (ZPMC) (China), Hyster (US), Lonking (China), CVS Ferrari (Italy), Anhui Heli (China), and Famur Famak (Poland), among others. Kalmar is one of the key market players engaged in contracts and acquisitions to increase the sale of port equipment for different applications.

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