Port Equipment Market will observe substantial demand from 2019 to 2025

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Port Equipment Market has witness Profitable
Growth Opportunities By 2025 Global Market
Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Regional Analysis of Port Equipment Market

• Asia Pacific will exhibit significant growth in
  the port equipment market share over the
  projected timeframe owing to the presence of
  multiple players including Sany, Lonking,
  Shanghai Zhenhua Heavy Industries, and Anhui
  Heli. Additionally, the improving water channels
  along with supporting government initiatives to
  develop the regional marine sector further
  expands the regional growth. Increasing ports
  along with proliferating inland waterways
  industry with appropriate integration with the
  logistics network are providing a positive
  outlook for the industry growth.
• Governments across the globe are continuously
  investing in modernizing ports for felicitating
  business and trading activities through marine.
  For instance, the Alaskan government is currently
  working on The Port of Alaska Modernization
  Program, that is aimed at incorporating
  technologically advanced systems and facilities
  along with enabling reliable, safe, and
  cost-effective port operations.

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• Application Analysis of Port Equipment Market
• Based on equipment, the port equipment market
  size is segmented into cranes, forklift trucks,
  tractors, ship loaders and automated guided
  vehicles. The growth in the forklift trucks can
  be attributed to the ability of these trucks to
  handle and load/unload heavier cargo and goods
  across multiple heights. Moreover, the
  proliferation of electric and fuel cell forklifts
  is contributing significantly towards increasing
  efficiency and lowering of operating expenses,
  thereby boosting the segment revenue.
• Technological advancements including
  incorporation of bigdata, IoT, and AI
  technologies are playing a major role in
  improving the port vehicle operations and
  improving efficiency. Moreover, the advent of
  driverless and automated equipment enables for
  easier and convenient handling of port cargo,
  thereby providing a positive outlook for the port
  equipment market expansion.

4
Competitive Market Share of Port Equipment
Market

• The companies operating in the Port Equipment
  Market are continuously engaged in long term
  agreements and contracts for expanding their
  market share. For instance, in 2018, Kalmar
  announced the delivery of ten TL2 terminal
  tractors to Trac-Wheels in Malaysia. This
  strategy enabled the company to significantly
  enhance its business operations and support in
  expanding their business share.
• Major players present in the Port Equipment
  Market include Liebherr, Shanghai Zhenhua Heavy
  Industries, TTS, Konecranes, Kalmar, Sany,
  Hyster, Lonking, and Famur Famak.

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