Ship-to-Shore Cranes Market - Size, Share, Outlook, and Opportunity Analysis, 2019

Ship-to-shore (STS) container cranes are specially designed with a specific arm outreach and specification details as per each customer’s requirement. A ship-to-shore crane is comprised of a quay. Generally, a ship-to-shore crane is powered by diesel, electricity or hybrid power supply. Ship-to-shore cranes are used to enhance the reliability and efficiency of the terminal requirements to maintain productivity. Major features of STS include high-speed traversing, automatic positioning, intelligent control on spreader track, anti-sway technology, and others.

Market Dynamics

With the increasing port throughput-peaks, the demand for ship-to-shore (STS) cranes for faster container movement is also increasing. For instance, in July 2020, the Port of Virginia received US$ 14 million from the State of Virginia for two more electric ship-to-shore cranes.

Moreover, 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.

Key features of the study:

This report provides in-depth analysis of the global ship-to-shore cranes market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2020– 2027), considering 2019 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players
It profiles leading players in the global ship-to-shore cranes market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
Companies covered as part of this study include 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.
Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
The global ship-to-shore cranes market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global ship-to-shore cranes market

Detailed Segmentation

Global Ship-to-shore Cranes Market, By Type: