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Market Overview

Ship-to-shore container cranes are specially designed with a range of outreaches and specification detail as per each customer’s requirement. Container cranes are comprised of a supporting framework that can traverse the length of a quay or yard on a rail track. Ship-to-shore cranes are used to enhance the reliability and efficiency of the terminal requirements to maintain productivity. There are different types of ship-to-shore cranes available that are driven by different power supply including electric, diesel, and hybrid.

The global ship-to-shore cranes market is estimated to account for US$ 4.32 Bn in terms of value by the end of 2027.

Market Dynamics- Drivers

  1. Rising cargo transportation worldwide is expected to drive growth of the global ship-to-shore cranes market during the forecast period

Cargo transportation plays a vital role in global trade since it is a cheaper and more efficient way to transport goods. According to Eurostat, in 2018, the total weight of goods transported in the EU as part of the short sea shipped was pegged at over 1.7 billion tons, increasing from 1.65 billion tons in 2015. According to the same source, in 2018, Italy was the major short sea shipping country with over 15% of the total tonnage in EU short sea shipping. Ship-to-shore cranes are designed high performance with low self-weight and center of gravity. These cranes improve the productivity of a port significantly and offer high reliability and low downtime. These cranes built with anti-sway reeving features and thus can function in adverse environments. Therefore, these factors are expected to drive growth of the global ship-to-shore cranes market during the forecast period.

  1. Growing use of large-sized vessels is expected to propel the global ship-to-shore cranes market growth over the forecast period

Many shipping companies are employing large-sized vessels to carry as much cargo as possible. For instance, HMM Algeciras is the largest container ship in the service built by Daewoo Shipbuilding & Marine and Samsung Heavy Industries. HMM, Algeciras has a capacity of 23,964 twenty-foot equivalent units (TEU). These vessels can carry as many as 15,000 containers and thus require efficient unloading. Ship-to-shore cranes can provide high-performance with precision and high reliability. Thus, these factors are expected to propel the global ship-to-shore cranes market growth over the forecast period.

Statistics:

APAC held dominant position in the global ship-to-shore cranes market in 2019, accounting for 35.0% share in terms of value, followed by Europe, North America, and RoW respectively.

Ship-to-Shore Cranes Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 1.1 Bn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 4.1% 2027 Value Projection: US$ 4.32 Bn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, Rest of Middle East
  • Africa: South Africa, North Africa, Central Africa
Segments covered:
  • By Type: High Profile Cranes, Low Profile Cranes.
  • By Lifting Capacity: Panamax STS Cranes, Post Panamax STS Cranes, Super-Post Panamax STS Cranes.
  • By Outreach: <40, 40-49, 50-60, >60.
Companies covered:

Liebherr-International AG, Shanghai Zhenhua Heavy Industries Co., Ltd., Wison Group, Konecranes, Kalmar, Kranunion GmbH, Sany Group Co., Ltd., Noell Crane Systems (China) Limited, Anupam Industries Limited, and MAC PORT Macchine Operatrici Portuali s.r.l.

Growth Drivers:
  • Rising cargo transportation worldwide
  • Growing use of large size vessels
Restraints & Challenges:
  • Lack of availability of skilled personnel
  • High Capital Cost

Figure 1: Global Ship-to-Shore Cranes Market Share (%), in terms of Value, By Region, 2019

SHIP-TO-SHORE CRANES MARKET

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Market Dynamics- Restraint

  1. High capital costs are expected to restrain growth of the global ship-to-shore cranes market during the forecast period

Ship-to-shore cranes are significantly expensive as compared to conventional container cranes. Besides, the lack of availability of components and equipment required to set up container cranes in underdeveloped regions is highly expensive. Thus, these factors are expected to restrain growth of the global ship-to-shore cranes market during the forecast period.

  1. Lack of availability of skilled personnel is expected to hinder the global ship-to-shore cranes market growth over the forecast period

Operating a ship-to-shore crane is a complex process and requires skilled personnel with adequate training. Such skilled workers are not widely available, especially in emerging regions such as Asia Pacific, Middle East, Latin America, and Africa. Therefore, these factors are expected to hinder the global ship-to-shore cranes market growth over the forecast period.

Market Opportunities

  1. Advent of electric ship-to-shore cranes can present lucrative growth opportunities in the global ship-to-shore cranes market

The majority of container cranes used on a port are diesel-powered. However, many port operators are focused on adopting electric container cranes, in order to reduce carbon footprint and gain a significant advantage. For instance, in April 2020, Teesport Port, U.K. installed three electric cranes to reduce its port’s carbon footprint and comply with the international standard for energy management systems ISO: 50001. Furthermore, in April 2018, Liebherr introduced a new purely electric port crane LPS 420 E.

  1. Rising Greenfield investment and private investment for port infrastructure development can provide major business opportunities in the global ship-to-shore cranes market

Greenfield investment is playing a crucial role in port infrastructure development. As a result of this, the demand for ship-to-shore cranes has witnessed significant demand. For instance, in May 2018, APM Terminals Moin, Costa Rica received second delivery of ship-to-shore and electric rubber-tire gantry cranes (ERTGs).

Figure 2: Global Ship-To-Shore Cranes Market Value (US$ Bn), 2017 - 2027

SHIP-TO-SHORE CRANES MARKET

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The global ship-to-shore cranes market is expected to reach a value of US$ 4.32 Bn by 2027 at a CAGR of 4.1% between 2020 and 2027.  

Market Trends

  1. Increasing port throughputs is a key trend in the market

Port throughputs refer to the amount of cargo or number of vessels the port can handle over time. Port throughputs have increased significantly over the years due to increasing maritime cargo transportation. Moreover, rising expansion of Panama Canal has allowed large-sized vessels such as Panamax to dock at the ports. As a result of this, many ports are adopting ship-to-shore cranes to enhance their productivity.

  1. Growing trend of port automation is another major trend

Port automation refers to the use of integrated technology to develop intelligent solutions for efficient control of traffic and trade flow on the port. This, in turn, increases port capacity and efficiency. Port automation has become extremely important for mega ports and thus, the adoption of ship-to-shore cranes is expected to increase in the near future. Ship-to-shore cranes offer greater productivity and reliability as compared to traditional container cranes.

Global Ship-to-Shore Cranes Market - Impact of Coronavirus (Covid-19) Pandemic

The COVID-19 Pandemic have adversely affected economies of many countries around the globe. According to the International Monetary fund data published in 2020, the global economy is expected to shrink down by 3% percent in the year 2020 compared to year 2019. Moreover, many governments around the globe such as India, Spain and Italy have imposed nationwide lockdown to prevent the spread of COVID-19 disease which has adversely affected the global supply chain industry.  The adverse effect of covid-19 on supply chain has also impacted the ship-to-shore cranes market.

Competitive Section

Major companies operating in the global ship-to-shore cranes market are Liebherr-International AG, Shanghai Zhenhua Heavy Industries Co., Ltd., Wison Group, Konecranes, Kalmar, Kranunion GmbH, Sany Group Co., Ltd., Noell Crane Systems (China) Limited, Anupam Industries Limited, and MAC PORT Macchine Operatrici Portuali s.r.l. 

Key Development

  1. Major companies are focused on contracts and agreements, in order to enhance the market presence. For instance, in January 2020, Konecranes, a Finland-based crane manufacturer, received a contract from Turkish port operator Yilport Holding to revamp 23 cranes at Taranto Port, in Italy.
  2. Key players are involved in contracts and agreements, in order to gain a competitive edge in the market. For instance, in April 2017, Kalmar received a contract from Rotterdam Short Sea Terminal B.V. for new Kalmar ship-to-shore cranes.

Frequently Asked Questions

The ship-to-shore cranes market size was valued at US$ 4.32 billion in 2019 and is estimated to exhibit a CAGR of 4.1 % between 2020 and 2027.

Major factor driving the growth of global Ship-to-Shore Cranes market during the forecast period is rising cargo transportation worldwide

Major factors hampering the growth of the Ship-to-Shore Cranes market during the forecast period constitutes high capital cost

APAC Ship-to-Shore Cranes market is expected to generate the highest revenue during the forecast period.

Some of the key players operating in the market are Liebherr-International AG, Shanghai Zhenhua Heavy Industries Co., Ltd., Wison Group, Konecranes, Kalmar, Kranunion GmbH, Sany Group Co., Ltd., Noell Crane Systems (China) Limited, Anupam Industries Limited, and MAC PORT Macchine Operatrici Portuali s.r.l.

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