Ship-to-Shore Container Crane Market: Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segmentation
Ship-to-Shore Container Crane Market size was valued at US$ 3.54 Bn. in 2023 and the total revenue is expected to grow at 4.3%
Format : PDF | Report ID : SMR_1196
Ship-to-Shore Container Crane Market Definition
Container cranes used on ships to shore (sts) are also known as container cranes, rail mounted quay cranes, or portainers. STS container cranes are gantry-style cranes that load and unload containers from ships to docks and vice versa. Spreaders (a device with a locking mechanism attached to the four corners of the containers) are used by these cranes to handle the containers. STS container cranes are divided into two categories: high profile and low profile. The height at which the cranes handle the containers is shown by these profiles. Low-profile STS cranes, for example, are employed in ports near airports to clear the way for planes.
Furthermore, there are three types of ship-to-shore container cranes: panamax STS cranes, post panamax STS cranes, and super-post panamax STS cranes. The size of container ships that cranes can handle for loading and unloading containers is discussed in this segment. These cranes, like panamax STS cranes, are used to handle containers from ships with 12 to 13 container rows. Super-post panamax STS cranes are also utilised on boats with a breadth of 22 containers or greater.
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Ship-to-Shore Container Crane Market Dynamics
Market Drivers
- Rising Cargo transportation – Cargo transportation is essential in global trade since it is a less expensive and more efficient means of transporting goods. According to Eurostat, the total weight of products moved in the EU by short maritime shipping in 2018 was more than 1.7 billion tonnes, up from 1.65 billion tonnes in 2015. According to the same source, Italy was the leading short sea shipping country in 2018, accounting for nearly 15% of total EU short sea shipping tonnage. Ship-to-shore cranes are high-performance machines with a low centre of gravity and self-weight. These cranes considerably increase a port's production while also providing excellent reliability and little downtime. These cranes are equipped with anti-sway reeving mechanisms, allowing them to work in challenging conditions. As a result, during the forecast period, these factors are likely to propel the global ship-to-shore cranes market forward.
- Growing use of large sized vessels - To transport as much cargo as possible, several shipping corporations use big vessels. The HMM Algeciras, for example, is the world's largest container ship, built by Daewoo Shipbuilding & Marine and Samsung Heavy Industries. The capacity of HMM, Algeciras is 23,964 twenty-foot equivalent units (TEU). These ships can transport up to 15,000 containers, necessitating efficient unloading. Ship-to-shore cranes are capable of delivering high-performance, precision, and dependability. As a result of these reasons, the worldwide ship-to-shore cranes market is likely to increase over the forecast period.
Market Restraints
- High Capital Costs – When compared to ordinary container cranes, ship-to-shore cranes are much more expensive. Furthermore, the shortage of components and equipment required to set up container cranes in developing countries is prohibitively expensive. As a result, these factors are projected to limit the worldwide ship-to-shore cranes market's growth over the forecast period.
- Lack of availability of skilled people - Operating a ship-to-shore crane is a difficult task that necessitates highly trained workers. Such qualified individuals are in short supply, particularly in rising regions like Asia Pacific, the Middle East, Latin America, and Africa. As a result, over the forecast period, these factors are likely to limit the global ship-to-shore cranes market's growth.
Market Opportunities
- Technological development and Innovation - Automation and external control of STS cranes via joystick or remote computers are examples of technological advancement. They also enable the regulator to keep an eye on the crane operation without being obstructed by weather, wind, or fog. Furthermore, the National Renewable Energy Laboratory (NREL), the Pacific Northwest National Laboratory (PNNL), and Sandia National Laboratories (SNL) collaborated to build the Marine and Hydrokinetic Toolkit (MHKiT), which was released as open-source software in June 2020. Driver safety and operational efficiency are also improved as a result of technological advancements. Furthermore, automation aids in the optimization of power input, reducing crane noise and emissions. As a result, technological advancements and innovation will aid in the growth of the market for ship-to-shore cranes.
- Rising Greenfield Investment - Greenfield investment is critical to the development of port facilities. As a result, there has been a huge increase in demand for ship-to-shore cranes. APM Terminals Moin, Costa Rica, for example, received a second supply of ship-to-shore and electric rubber-tire gantry cranes in May 2018. (ERTGs).
Ship-to-Shore Container Crane Market Segment Analysis
By Power Supply, the Ship-to-Shore Container Crane Market is segmented as Electric, Hybrid, Diesel. Electric segment has the market share of 60% as electric cranes contain an internal generator that generates energy to power the crane's components, such as the hoist motors and control system. As a result, when these types of STS Cranes are operating at maximum capacity, they produce no emissions. Hybrid has the market share of 30% in 2023 as Hybrid STS cranes are made up of two or more different types of cranes. The hybrid crane is meant to improve both productivity and safety while increasing efficiency. It can be propelled by both diesel-electric and electric-diesel engines. The hybrid crane is a cutting-edge technology that reduces fuel consumption, emissions, and noise pollution, among other things. Diesel has the market share of 10% in 2023 as the emissions are high in diesel engines and also the operating cost is also high and the efficiency is lesser than compared to the electric and hybrid cranes.
By Outreach, the Ship-to-Shore Container Crane Market is segmented as 40, 40-49, 50-60, >60. >60 has the largest market share of 48% in 2023 as upgrades to existing STS cranes have increased their container handling capabilities. A ship-to-shore crane with a longer outreach can transport containers faster and with fewer moves. Because of the rising number of containers in the region, the Asia Pacific region is predicted to benefit the expansion of the >60 STS crane segment. 50-60 has the market share of 27% in 2023 as most containers come in this category and that’s why demand of these cranes is high. 40-49 has the market share of 15% in 2023. followed by 40 with the market share of 10% in 2023.
Ship-to-Shore Container Crane Market Regional Insights
Asia Pacific dominates the Ship-to-Shore Container Crane Market with the market share of 35% in 2023 as container traffic in the region has expanded exponentially as a result of increased demand for commodities. This factor is expected to encourage port expansion in Asia Pacific. STS cranes are critical components of the port infrastructure, which is an important portion of global logistics transportation. The Asia Pacific region's increased container traffic has prompted governments to invest in port expansion. This is expected to encourage the installation of these equipment, which are critical in container handling operations. North America has the market share of 26% in 2023 due to large number of ports and container activities. South America has the market share of 15% in 2023 as the expanding building and infrastructure activities in this region are related to the region's expansion, which will result in a major increase in demand for STS cranes. Middle East & Africa has the market share of 13% in 2023 due to large number of ports and high exporting countries like UAE, Saudi Arab, Nigeria, etc. Europe has the market share of 11% in 2023 due to availability of pipe lines that diminishes the demand of STS cranes.
In the report, Porter’s Five Forces model is used which gives us help to design the business strategies in the market. It tells us about our competition and the buyers which are the 2 most influencing factors for our company. It tells that how buyers are will or will not gain more bargaining powers than the suppliers and also the difficulty level for another company to enter the industry or for a company to exit it.
The report also has PESTEL analysis, which gives an overview of the whole business and its strategies. Political angles help in analysing the role of govt. in the shaving industry and economics obviously influence it to the core. Social and Environmental analysis helps in understanding the future of the company and hance helps in making decisions for the future. Technological factors help in analysing the production aids that we can give to the company. And legal analysis helps in smooth functioning without any legal hindrance.
Ship-to-Shore Container Crane Market Scope
Ship-to-Shore Container Crane Market |
|
Market Size in 2023 |
USD 3.54 Bn. |
Market Size in 2030 |
USD 4.76 Bn. |
CAGR (2024-2030) |
4.3% |
Historic Data |
2018-2022 |
Base Year |
2023 |
Forecast Period |
2024-2030 |
Segment Scope |
By Power Supply
|
by Outreach
|
|
Regional Scope |
North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America |
Ship-to-Shore Container Crane Market Key Players
- TRUMPF
- Oerlikon
- Preco Inc.
- Alpha Laser GmbH
- O.R. Lasertechnologie GmbH
- Laserline GmbH
- TLM Laser
- IPG Photonics Corporation
- Coherent Inc.
- Dura-Metal Alloy
- KUKA AG
- Flame Spray Technologies bv
Frequently Asked Questions
Which region is expected to hold the highest share in the Ship-to-Shore Container Crane Market?
The market size of the Ship-to-Shore Container Crane Market by 2030 is expected to reach at US$ 4.76 Bn.
The forecast period for the Ship-to-Shore Container Crane Market is 2024-2030.
The market size of the Ship-to-Shore Container Crane Market in 2023 was valued at US$ 3.54 Bn.
- Scope of the Report
- Research Methodology
- Research Process
- Ship-to-Shore Container Crane Market: Target Audience
- Ship-to-Shore Container Crane Market: Primary Research (As per Client Requirement)
- Ship-to-Shore Container Crane Market: Secondary Research
- Executive Summary
- Competitive Landscape
- Stellar Competition matrix
- Key Players Benchmarking: by Product, Pricing, Investments, Expansion Plans, Physical Presence, and Presence in the Market.
- Mergers and Acquisitions in Industry: M&A by Region, Value, and Strategic Intent
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- PESTLE Analysis
- PORTERS Five Force Analysis
- Value Chain Analysis
- Global Ship-to-Shore Container Crane Market Segmentation
- Global Ship-to-Shore Container Crane Market, by Power Supply (2023-2030)
- Electric
- Hybrid
- Diesel
- Global Ship-to-Shore Container Crane Market, by Outreach (2023-2030)
- 40
- 40-49
- 50-60
- >60
- Global Ship-to-Shore Container Crane Market, by Region (2023-2030)
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
- Global Ship-to-Shore Container Crane Market, by Power Supply (2023-2030)
- North America Ship-to-Shore Container Crane Market Segmentation
- North America Ship-to-Shore Container Crane Market, by Power Supply (2023-2030)
- Electric
- Hybrid
- Diesel
- North America Ship-to-Shore Container Crane Market, by Outreach (2023-2030)
- 40
- 40-49
- 50-60
- >60
- North America Ship-to-Shore Container Crane Market, by Country (2023-2030)
- US
- Canada
- North America Ship-to-Shore Container Crane Market, by Power Supply (2023-2030)
- Europe Ship-to-Shore Container Crane Market Segmentation
- Europe Ship-to-Shore Container Crane Market, by Power Supply (2023-2030)
- Europe Ship-to-Shore Container Crane Market, by Outreach (2023-2030)
- Europe Ship-to-Shore Container Crane Market, by Country (2023-2030)
- Asia Pacific Ship-to-Shore Container Crane Market Segmentation
- Asia Pacific Ship-to-Shore Container Crane Market, by Power Supply (2023-2030)
- Asia Pacific Ship-to-Shore Container Crane Market, by Outreach (2023-2030)
- Asia Pacific Ship-to-Shore Container Crane Market, by Country (2023-2030)
- South America Ship-to-Shore Container Crane Market Segmentation
- South America Ship-to-Shore Container Crane Market, by Power Supply (2023-2030)
- South America Ship-to-Shore Container Crane Market, by Outreach (2023-2030)
- South America Ship-to-Shore Container Crane Market, by Country (2023-2030)
- Middle East & Africa Ship-to-Shore Container Crane Market Segmentation
- Middle East & Africa Ship-to-Shore Container Crane Market, by Power Supply (2023-2030)
- Middle East & Africa Ship-to-Shore Container Crane Market, by Outreach (2023-2030)
- Middle East & Africa Ship-to-Shore Container Crane Market, by Country (2023-2030)
- Company Profiles
- Key Players
- TRUMPF
- Oerlikon
- Preco Inc.
- Alpha Laser GmbH
- O.R. Lasertechnologie GmbH
- Laserline GmbH
- TLM Laser
- IPG Photonics Corporation
- Coherent Inc.
- Dura-Metal Alloy
- KUKA AG
- Flame Spray Technologies bv
- Key Players
- Key Findings
- Recommendations