Ship-to-Shore Cranes Market Size 2022-2027, Share, Growth

The latest research study “Ship-to-Shore Cranes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global ship-to-shore cranes market size reached a value of US$ 2.73 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 3.71 Billion by 2027, exhibiting a CAGR of 5.10% during 2022-2027.

Ship-to-shore cranes are utilized to load and unload heavy ship containers. These cranes enhance performance, and offer high reliability, power regeneration, and a robust structure optimum for terminal automation. Today, ship-to-shore cranes are gaining popularity as several companies currently offer modular, lightweight, and durable designs requiring low maintenance.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Ship-To-Shore Cranes Market Trends and Drivers:

One of the primary factors driving the market is the rising utilization of online shopping platforms for buying imported goods. Additionally, the extensive promotion of manufacturing goods locally and in international trade through commending export and import policies by governing agencies of various nations is propelling the market growth.

Besides this, technological advancements, such as external control of STS cranes and automation, which allow controllers to monitor crane operations without distortion of vision caused due to fog, rain, or wind, are also catalyzing the market growth.

Furthermore, the growing focus on port automation to minimize errors and the emphasis on integrating technologies, such as ship profiling systems (SPS) and electronic load systems (ELC), are creating a positive market outlook.

Ship-To-Shore Cranes Market Report Scope
Report Coverage	Details
Market size value in 2021	US$ 2.73 Billion
Market forecast in 2027	US$ 3.71 Billion
Growth Rate	CAGR of 5.10% from 2022 to 2027
Base year for estimation	2021
Historical data	2016-2021
Forecast period	2022-2027

Global Ship-To-Shore Cranes Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

List Of Major Key Players :

Binderholz GmbH, Dongwha Enterprise, EGGER Group, Evergreen Fibreboard Berhad, Georgia-Pacific LLC (Koch Industries Inc.), Green River Holding Co. Ltd., Kastamonu Entegre, Louisiana-Pacific Corporation, Sonae Arauco, Starbank Panel Products Ltd., West Fraser Timber Co. Ltd. and Weyerhaeuser Company.

The report has segmented the market on the basis of region, product type, power supply, outreach and lifting capacity.

Breakup by Product Type:

High Profile Cranes
Low Profile Cranes

Breakup by Power Supply:

Diesel
Electric
Hybrid

Market Breakup by Outreach:

Upto 40m
40m to 49m
50m to 60m
Greater than 60m

Breakup by Lifting Capacity:

Panamax STS Cranes
Post Panamax STS Cranes
Super-Post Panamax STS Cranes

Breakup by Region:

North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa

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Key highlights of the report: