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The global ship-to-shore cranes market was valued at US$ 2.73 Billion in 2021.
We expect the global ship-to-shore cranes market to exhibit a CAGR of 5.10% during 2022-2027.
The emergence of technologically advanced ship-to-shore cranes to optimize power consumption and enhance container management efficiency is primarily driving the global ship-to-shore cranes market.
The sudden outbreak of the COVID-19 pandemic has led to the growing adoption of automated ship-to-shore cranes to remotely monitor operations and minimize human intervention, owing to the increasing adoption of online retail channels for purchasing imported goods.
Based on the power supply, the global ship-to-shore cranes market has been segmented into diesel, electric, and hybrid. Currently, electric supply holds the majority of the total market share.
Based on the outreach, the global ship-to-shore cranes market can be divided into upto 40m, 40m to 49m, 50m to 60m, and greater than 60m. Among these, greater than 60m exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global ship-to-shore cranes market include Anupam Industries Limited, Bridon-Bekaert Ropes Group (N.V. Bekaert S.A.), Cargotec Oyj, Dana Incorporated, Liebherr-International AG, Mac Port-Macchine Operatrici Portuali SRL, Noell Crane Systems (China) Limited, Paceco Corporation (Mitsui Engineering & Shipbuilding), Sany Heavy Industry Co. Ltd., Shanghai Zhenhua Heavy Industries Company Limited (China Communications Construction Group Limited), Terex Corporation, and Wison Group.
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