Ship-To-Shore Cranes Global Market Report 2024

Ship-to-shore cranes are cranes positioned either in a fixed location or rail-mounted for traversing along the shore, and they are considered standard terminal equipment for lifting and transferring cargo between the quayside and vessels. These cranes are designed with various outreaches and specifications to meet the specific requirements of each customer. The supporting framework of a container crane can move along a rail track along the entire length of a quay or yard.

The main types of ship-to-shore cranes include high-profile cranes and low-profile cranes. High-profile cranes are hinged to the crane structure and face toward the water, allowing ships to be cleared for navigation when the boom is raised. The lifting capacities are categorized as Panamax STS cranes, post-Panamax STS cranes, and super-post Panamax STS cranes. Power supplies for these cranes include diesel, electric, and hybrid options. The outreach capabilities are segmented into less than 40 meters, 41-50 meters, 51-60 meters, and more than 60 meters. Applications for ship-to-shore cranes include cargo transportation, power transmission, and other various applications.

The ship to shore cranes market research report is one of a series of new reports that provides ship to shore cranes market statistics, including ship to shore cranes industry global market size, regional shares, competitors with an ship to shore cranes market share, detailed ship to shore cranes market segments, market trends and opportunities, and any further data you may need to thrive in the ship to shore cranes industry. This ship to shore cranes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The ship-to-shore cranes market size has grown rapidly in recent years. It will grow from $2.83 billion in 2023 to $3.33 billion in 2024 at a compound annual growth rate (CAGR) of 17.5%. The growth observed in the historical period can be attributed to the expansion of global trade, resulting in increased container traffic. Additionally, the growth in the size and capacity of container ships, the modernization and automation of port operations, efforts to enhance port efficiency and reduce turnaround times, and the increased containerization of cargo for transportation have contributed to the historical growth of ship-to-shore cranes.

The ship-to-shore cranes market size is expected to see rapid growth in the next few years. It will grow to $6.33 billion in 2028 at a compound annual growth rate (CAGR) of 17.4%. The anticipated growth in the forecast period can be attributed to the continued expansion of global maritime trade, the adoption of advanced automation technologies in ports, the expansion of container terminal capacities, a growing emphasis on environmental sustainability in port operations, and the integration of digital technologies for real-time monitoring and control. Key trends expected in the forecast period include the development of mega-container ships driving demand for larger cranes, the implementation of electrification and hybrid power solutions for cranes, the integration of artificial intelligence for predictive maintenance, the adoption of modular and scalable designs for flexible crane configurations, and the uptake of remote operation and autonomous functionality.

The anticipated surge in global cargo transportation is poised to drive the ship-to-shore cranes market. Sea freight, known for its cost-effectiveness, high vessel load capacity, and absence of restrictions on cargo capacity, stands out as a preferred method for moving goods. It significantly reduces transportation costs for long-distance shipping, making sea transport an economical choice. The Organisation for Economic Co-operation and Development (OECD) forecasts a tripling of maritime trade volumes by 2050, estimating that ships, annually carrying around 11 billion tonnes of cargo, will play a crucial role. Ship-to-shore cranes, specifically gantry-style cranes facilitating container loading and unloading from ships to docks, enhance efficiency, reduce human intervention, and minimize errors, aligning with the escalating global cargo transportation demands.

The ship-to-shore market is set to benefit from the growing landscape of international trade. The exchange of goods and services between countries, constituting international trade, relies on efficient maritime operations for seamless cargo handling. Ship-to-shore communication systems play a vital role in facilitating real-time data exchange between vessels and ports, ensuring the smooth flow of international trade. Recent data from the United Nations Conference on Trade and Development (UNCTAD) reveals that global trade reached a record high of $28.5 trillion in 2021, marking a 25% increase from the previous year. This surge in global trade, with a notable increase in the value of goods exchanged, underlines the pivotal role of ship-to-shore systems in supporting international trade growth.

Automation and technological advancements emerge as prominent trends in the ship-to-shore cranes market. Technologies like the Electronic Load System (ELC) and Ship Profiling System (SPS) contribute to secure container transfers from ship to port, while automation and remote control options enhance operational efficiency. A notable development is the introduction of the Twin Expandable Hydraulic Mobile Harbor Spreader by sfPORTEQ, a Swedish machinery manufacturing firm. This spreader, weighing only 11.2 tons, offers a lifting capacity of 45 tons in single lift mode and 32.5 tons in twin lift mode. Powered by an electric hydraulic system, it exemplifies the impact of technological innovation in achieving strength, durability, and operational efficiency.

Simulator-based training emerges as a strategic focus for major companies in the ship-to-shore market. For instance, CM Labs Simulations, based in Canada, has launched an advanced Ship-To-Shore (STS) Crane Simulator Training Pack. Leveraging a high-fidelity real-time physics engine, this simulator integrates a mechanical engineering layer with advanced functionalities, allowing for a comprehensive training curriculum covering diverse scenarios. This simulator, replicating ship-to-shore operations, provides operators with a platform to acquire expertise for safe and efficient crane operation. The emphasis on simulator-based training reflects the commitment to staying competitive in the market through skill development and operational proficiency.

In September 2022, Vestergaard Company, a Swiss entity specializing in advanced airport equipment, fully acquired Kalmar Motor CAPA. This acquisition enhances collaboration between the companies and positions them for future growth. With a focus on increasing production capacity to meet the rising demand for innovative electrical tractors from Kalmar Motor, this strategic move strengthens the companies' foothold in the ship-to-shore cranes market.

Major companies operating in the in the ship-to-shore cranes market report are Liebherr Container Cranes Ltd., Shanghai Zhenhua Heavy Industries Co. Ltd., Wison Group, Konecranes plc, Kalmar Global, SANY Heavy Equipment Co. Ltd., Manitowoc Cranes Group, Terex Corporation, Cargotec Corporation, Hyundai Heavy Industries Co. Ltd., Anupam Industries Limited, Kranunion GmbH, Kocks Ardelt Kranbau GmbH, Kuenz GmbH, Paceco Corp., TTS Group ASA, Doosan Heavy Industries & Construction Co. Ltd., Huisman Equipment B. V., Kress Corporation, MacGregor, Mitsui Engineering & Shipbuilding Co. Ltd., Noell Crane Systems, OUCO Marine Group Co. Ltd., RAM Lifting Technologies, Sarens NV, TEC Containers SA, ZPMC USA, Tadano Ltd., Palfinger AG, Xuzhou Heavy Machinery Co. Ltd., Bridon-Bekaert The Ropes Group, Dana Incorporated, Mac Port-Macchine Operatrici Portuali SRL

North America was the largest region in the ship to shore cranes market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ship-to-shore cranes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the ship-to-shore cranes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The ship to shore cranes market consists of sales of carry deck crane, crawler crane, floating crane, rough terrain crane, truck-mounted crane, overhead crane, bulk-handling crane, and hammerhead crane. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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