Port and material handling equipment vehicles are used in the port operation such as material handling, transportation, loading, unloading, and more. Growing seaborne trade and the increasing number of container shipments across the world are propelling the demand for the port and material handling equipment vehicle market. Furthermore, increasing import and export of goods and commodities through seaports due to different free-trade agreements, such as AFTA, NAFTA, TPSEP, and others, are also positively impacts the port and material handling equipment vehicle market growth across the globe.
MARKET SCOPE
The "Global Port and Material Handling Equipment Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the port and material handling equipment market with detailed market segmentation by equipment type, application, propulsion, and geography. The report provides key statistics on the market status of the leading port and material handling equipment market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on equipment type, the global Port and material handling equipment market market is segmented into tug boats, cranes, ship loaders, reach stackers, mooring systems, agv, forklift trucks, container lift trucks, terminal tractors, straddle carriers, others.
- On the basis of application, the market is segmented into container handling, bulk material handling, ship handling, storage handling, others.
- On the basis of propulsion, the market is segmented into diesel, gasoline, electric, and others.
MARKET DYNAMICS
Drivers
- The growing demand for reliable and efficient port equipment.
- Increasing number of ports due to the rise in vessel count and trade volume are led to the growing demand for the various port and material handling equipment.
Restraints
- High initial investment and high maintenance costs may hamper the growth of the port and material handling equipment vehicle market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The port and material handling equipment market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the port and material handling equipment market in these regions.
IMPACT OF COVID-19 ON PORT AND MATERIAL HANDLING EQUIPMENT MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the port and material handling equipment market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Port and material handling equipment market market are anticipated to lucrative growth opportunities in the future with the rising demand for port and material handling equipment market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the port and material handling equipment market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- American Crane & Equipment Corporation (ACECO)
- Anhui Heli Co., Ltd.
- Cavotec
- CVS Ferrari S.P.A.
- Hyster-Yale Group
- Kalmar
- Konecranes Oyj
- Liebherr
- SANY Group
- Shanghai Zhenhua Heavy Industries (ZPMC)
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.