© 2017 Global Market Insights, Inc. USA. All Rights Reserved Port Equipment Market– Global Industry Forecast & Analysis over

 Increasing cargo traffic coupled with port capacity expansion is fostering the demand for advanced cargo handling equipment. For instance, in August 2018, the Port of Rotterdam recorded million TEU cargo volume with an increase of over 6% as compared in Further, development of port infrastructure for catering the growing trade activities will strengthen the port equipment market revenue over the study timeframe.  Growing adoption of alternative fuel powered port equipment is attributed towards their lower operating costs and reduced environmental impact. Port authorities are focusing to replace their existing cranes with hybrid equipment providing significant fuel savings and lower greenhouse gas emissions.  Adoption of automated technologies for fast and efficient cargo transfer is significantly contributing towards reduction of overall cycle times, further supporting the industry expansion. Automated Guided Vehicles (AGVs) and Automated Stacking Cranes (ASCs) offering enhanced capabilities for automated cargo movement at dock yards are gaining higher visibility. For instance, in February 2019, APM Terminals planned to use automated straddle carries US West Coast marine terminals to handle increasing cargo volume. © 2017 Global Market Insights, Inc. USA. All Rights Reserved  Port Equipment Market Scenario:

 Adoption of new generation diesel engines with ultra-low-sulfur diesel fuel is providing better fuel efficiency and improved reliability. Port equipment operators are increasingly adopting diesel forklifts featuring enhanced power output and load carrying capabilities. Multiple benefits including higher torque, improved engine life and superior performance are prominently escalating the diesel port equipment market size over the forecast timeframe.  Ship handling segment will witness significant growth over the forecast timeframe owing to the expansion of cargo handling facilities. Growing requirement for efficient ship handling with higher accessibility and operational efficiency will prominently escalate the segment share. Utilization of simulation software for vessel handling are positively contributing towards improving ship handling efficiency. Continue :- © 2017 Global Market Insights, Inc. USA. All Rights Reserved Request for table of content of this

© 2017 Global Market Insights, Inc. USA. All Rights Reserved Make An Inquiry To Purchase This  Competitive Analysis:  Key manufacturers in market are Konecranes, Kalmar, Liebherr, ABB, Prosertek Group S.L., Famur Famak, CVS Ferrari, Shanghai Zhenhua Heavy Industries, Lonking Holdings Limited and American Crane & Equipment. Industry participants are focusing to develop alternative fuel powered port equipment for gaining a competitive edge.  Regional Analysis:  Europe will showcase substantial growth in the port equipment market owing to the increasing seaborne trade activities and cargo transportation. Development and expansion of port infrastructure is providing potential opportunities for the increased product penetration. Strong presence of manufacturers providing innovative range of solutions will further augment the industry share. Moreover, shifting preference of port administrators to deploy automated port equipment will significantly contribute towards regional growth.

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