Global Port Equipment Market Report 2022: Increased Demand for Electric Port Equipment and Automated Operations to Drive Growth - ResearchAndMarkets.com
The global port equipment market is projected to grow from USD 18.2 billion in 2022 to USD 20 billion by 2027, at a CAGR of 1.9%. The world's seaborne transport of goods continues to be largely determined by the developments in the world economy and trade. Although, the relationship between economic output and merchandise trade seems to be shifting, with an observed decline in the growth ratio of trade to Gross Domestic Product (GDP) over recent years. The port industry has witnessed moderate growth in the last few years. The adoption of automation and electric equipment has fueled the growth of the port equipment market
DUBLIN--(BUSINESS WIRE)--Nov 11, 2022--
The "Global Port Equipment Market by Solution (Equipment, Software & Solutions), Investment (New Ports, Existing Ports), Application, Type (Diesel, Electric, Hybrid), Operation (Conventional, Autonomous) and Region - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The global port equipment market is projected to grow from USD 18.2 billion in 2022 to USD 20 billion by 2027, at a CAGR of 1.9%. The world's seaborne transport of goods continues to be largely determined by the developments in the world economy and trade. Although, the relationship between economic output and merchandise trade seems to be shifting, with an observed decline in the growth ratio of trade to Gross Domestic Product (GDP) over recent years. The port industry has witnessed moderate growth in the last few years. The adoption of automation and electric equipment has fueled the growth of the port equipment market.
The importance of automated stacking cranes (ASC) for container handling is driving the application segment
