Ship-to-shore cranes, also known as port cranes, are large dockside gantry cranes used for loading and unloading cargo like containers to and from ships. They efficiently transfer cargo at seaports and support fast loading and unloading of ships. Ship-to-shore cranes provide inherent advantages like lifting ability of over 50 tons, ability to service larger ships, minimal cargo damage risk and faster turnaround times for ships. The increasing international sea trade and rising container traffic at ports has fuelled the demand for advanced ship-to-shore cranes.
Market Opportunity:
Increasing Container Traffic
The significant growth in international container traffic handled at ports has created wide market opportunity for ship-to-shore cranes. Growing import-export trade between countries due to globalization has boosted container volumes handled by ports worldwide. According to UNCTAD, the total container port traffic rose from approximately 751 million Twenty Foot Equivalent Units (TEUs) in 2017 to around 900 million TEUs in 2020. The surging container traffic points towards strong demand for technologically advanced cranes that can lift higher payloads and work faster to handle rising ships and cargo volumesefficiently. Ship-to-shore cranes with higher lifting capacity, outreach and faster operating cycles are being increasingly favored to cope with heavier container loads. This growing container traffic trend suggests extensive market potential for state-of-the-art ship-to-shore cranes over the forecast period.
Porter's Analysis
Threat of new entrants: The ship-to-shore cranes market requires large investments and long lead times for new equipment projects, limiting the threat of new entrants. Bargaining power of buyers: Major port operators have significant bargaining power and can negotiate pricing. Bargaining power of suppliers: A few manufacturers dominate the global supply, giving them some bargaining power over components and services. Threat of new substitutes: No close substitutes provide the lifting and cargo handling capabilities of ship-to-shore cranes. Competitive rivalry: Competition is strong among established players to gain new projects and replacement/retrofit cycles at major ports.
SWOT Analysis
Strengths: Ship-to-shore cranes provide efficient cargo transfer between ships and land transport. Leading brands have extensive experience and global service networks.
Weaknesses: Projects require lengthy planning and large upfront capital. Downtime for maintenance or repairs impacts port throughput.
Opportunities: Growth of global seaborne trade and capacity expansions at emerging mega ports drive demand. Remote operation technologies improve safety and productivity.
Threats: Economic slowdowns reduce volumes and defer capital spending. Rising raw material and energy costs increase production costs.
Key Takeaways
The Global Ship-To-Shore Cranes Market Growth is expected to witness high.
Regional analysis: The Asia Pacific region accounts for over 60% of the global market, driven by Chinese ports massively expanding cargo handling infrastructure. Mega-ports such as Shanghai, Ningbo-Zhoushan and Singapore continue multibillion-dollar terminal projects. Other high growth markets include emerging trade hubs in India and Southeast Asia investing to capture more shipping routes.
Key players operating in the ship-to-shore cranes market are Konecranes, Shanghai Zhenhua Heavy Industries Co. Ltd. (ZPMC), GmbH & Co. KG, SANY Group, Liebherr-International AG and Terex Corporation. Konecranes is a leader in remote-controlled and hybrid-powered crane models. ZPMC holds a major share of the Chinese market and is expanding globally through strategic partnerships.
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