The fast and effective transfer of cargo between ships and land-based modes of transport is the objective of ports throughout the world. Port equipment includes yard container cranes, ship-to-shore container cranes, and mobile port handling equipment. Global seaborne transport of materials contributing in the growth of world trade. The port equipment market has experienced moderate growth as there is an increase in the adoption of automation and electrical equipment in the port industry to function efficiently. The upsurge in cargo transportation and the requirement for automation to handle increased cargo volumes is likely to drive the market. Growing importance on port automation, are the key drivers for Port Equipment Market. Alternatively, the high investment costs of container handling equipment and lack of harmonization among different equipment are some of the factors hindering the market growth. However, growing seaborne trade globally and rising number of container shipments are creating opportunities for the Port Equipment Market.
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Top Key Major Players:-
1. ABB
2. Anhui Heli Industrial Vehicle Imp. and Exp. Co. , Ltd.
3. Cavotec SA
4. CVS Ferrari s. r. l
5. Hyster-Yale Group, Inc
6. Kalmar
7. Konecranes
8. Liebherr-International Deutschland GmbH
9. SANY GROUP
10. TTS Group ASA