Top 30 Companies in Global Port Equipment Market (2025–2035): Competitive Analysis and Forecast
RELEASE DATE: Sep 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Port Equipment Market Size is projected to Grow from USD 18.3 Billion in 2024 to USD 33.5 Billion by 2035, at a CAGR of 5.65% during the forecast period 2025–2035. The global port equipment market is being driven by several factors including the expansion of ports and terminal infrastructure, automation and digitalization, and government initiatives and investments.
Introduction
The Global Port Equipment Market Size refers to the industry segment focused on manufacturing and supplying machinery and equipment used for cargo handling, storage, and logistics operations at seaports, inland ports, and container terminals. This includes ship-to-shore cranes, gantry cranes, automated guided vehicles (AGVs), forklifts, terminal tractors, bulk material handling systems, and other mechanized equipment that ensure efficient and safe movement of goods. Globalization and the growth of international trade have significantly increased cargo volumes, necessitating the modernization of port infrastructure and the adoption of advanced handling systems. To accommodate larger container vessels and improve operational efficiency, ports are increasingly investing in automated and semi-automated equipment, reducing human input while optimizing turnaround times. Technological advancements, such as the Internet of Things (IoT), Artificial Intelligence (AI), and digital monitoring systems, are changing the sector into smart ports, where automation, real-time tracking, and predictive maintenance improve efficiency, safety, and logistics. These developments, together with government and private sector expenditures, are driving expansion, particularly in growing countries like the Asia-Pacific and the Middle East, establishing the port equipment market as a major facilitator of global commerce.
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Port Equipment Market Size & Statistics
- The Market Size for Port Equipment Was Estimated to be worth USD 18.3 Billion in 2024.
- The Market Size is Going to Expand at a CAGR of 5.65% between 2025 and 2035.
- The Global Port Equipment Market Size is anticipated to reach USD 33.5 Billion by 2035.
- Asia Pacific is expected to generate the highest demand during the forecast period in the Port Equipment Market
- North America is expected to grow at a significant CAGR during the forecast period in the Port Equipment Market.
Regional growth and demand
North America is expected to grow at a significant CAGR during the forecast period in the port equipment market. North America is expected to grow at a significant CAGR due to increasing port modernization projects, rising container traffic, the adoption of automated and smart port technologies, and significant investments in energy-efficient and advanced cargo handling equipment to support expanding trade and logistics activities.
Asia Pacific is expected to generate the highest demand during the forecast period in the port equipment market. Asia Pacific is expected to generate the highest demand due to rapid industrialization, increasing international trade, and growing maritime infrastructure investments in countries like China, India, and Singapore. Expanding container ports and rising e-commerce shipments further drive demand for advanced port equipment.
Top 10 Trends in the Port Equipment Market
- Automation and Robotics
- Green Technologies
- Digitalization and IoT
- Infrastructure Upgrades
- Artificial Intelligence (AI)
- Drones and Autonomous Vessels
- Blockchain Technology
- Focus on Sustainability
- Increased Cargo Throughput
- Advanced Material Handling
1. Automation and Robotics
Automation in ports, such as automated cranes, AGVs, and robotic material handling systems, increases operational efficiency, decreases human error, and speeds up cargo transit. Semi-automated and completely automated terminals are becoming the norm at modern ports.
2. Green Technologies
The use of eco-friendly and energy-efficient port equipment, such as electric or hybrid cranes and trucks, minimizes carbon emissions and fits with international environmental rules, therefore enabling sustainable port operations.
3. Digitalization and IoT
Digital solutions and IoT-enabled equipment provide real-time cargo monitoring, predictive maintenance, and process optimization. Ports can increase operational efficiency, minimize downtime, and improve supply chain transparency.
4. Infrastructure Upgrades
Governments and the commercial sector are investing in increased port capacity, deep-water facilities, and advanced cargo handling technologies. Upgraded infrastructure allows for bigger container boats, increased throughput, and enhanced logistical efficiency.
5. Artificial Intelligence (AI)
AI-powered solutions streamline terminal operations, control traffic flow, forecast equipment maintenance requirements, and enhance decision-making abilities. AI integration improves operational safety, turnaround times, and overall port productivity.
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Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the port equipment market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 25 Companies Leading the Port Equipment Market
- Konecranes Oyj
- Cargotec Corporation
- Liebherr Group
- Shanghai Zhenhua Heavy Industries Co., Ltd. (ZPMC)
- Terex Corporation
- TTS Group ASA
- Sany Heavy Industry Co., Ltd.
- Hyster-Yale Materials Handling, Inc.
- Kalmar Global
- TIL Limited
- Anhui Heli Co., Ltd.
- Kion Group AG
- Mitsubishi Logisnext Co., Ltd.
- Toyota Industries Corporation
- Jungheinrich AG
- Manitowoc Company, Inc.
- Doosan Corporation
- Hyundai Heavy Industries Co., Ltd.
- Fantuzzi Reggiane
- Bromma Conquip AB
- Gaussin S.A.
- Lonking Machinery Co., Ltd.
- Mitsui Engineering & Shipbuilding Co., Ltd.
- ABB Ltd.
- Anupam Industries
1. Konecranes Oyj
Headquarters: Hyvinkää, Finland
Konecranes Oyj, based in Hyvinkää, Finland, has 600 sites globally and works in more than 50 countries. Konecranes, a prominent global provider of port equipment and related services, offers a diverse variety of products, including ship-to-shore cranes, mobile harbor cranes, and autonomous guided vehicles. The organization is known for developing creative solutions to improve operational efficiency, safety, and productivity in port operations. By incorporating sophisticated technology and automation, Konecranes helps ports streamline cargo handling, minimize turnaround times, and maintain high safety and reliability requirements, strengthening its position as a significant participant in the port equipment industry.
2. Cargotec Corporation
Headquarters: Helsinki, Finland
Cargotec, headquartered in Helsinki, Finland, operates in over 100 countries through its subsidiaries, which include Kalmar, Hiab, and MacGregor. Cargotec is a prominent port equipment supplier, providing solutions such as massive port cranes, autonomous guided vehicles, and cargo handling systems. The firm focuses on automation, digitization, and sustainable technologies to increase efficiency, safety, and operational productivity in ports across the world. Cargotec's global reach and innovative solutions help contemporary port operations by providing smooth logistics and optimal cargo handling, confirming its position as an important supplier in the global port equipment industry.
3. LIEBHERR GROUP
Headquarters: Bulle, Switzerland
Liebherr is headquartered in Bulle, Switzerland, and operates in over 50 countries on all continents. The firm manufactures a variety of port equipment, such as ship-to-shore cranes, mobile harbor cranes, and rubber-tired gantry cranes. Liebherr promotes technical innovation, dependability, and sustainability in its equipment, which improves port operating efficiency and safety. Liebherr helps to optimise large-scale cargo handling and logistics by delivering bespoke solutions for contemporary container terminals. Its large global presence and reputation for excellence make it a significant contributor to the expansion and modernization of the international port equipment industry.
4. Shanghai Zhenhua Heavy Industries Co., Ltd. (ZPMC)
Headquarters: Shanghai, China
ZPMC is headquartered in Shanghai, China, and operates in over 120 countries and regions, servicing over 300 terminals globally. ZPMC is the world's largest manufacturer of cranes and port gear, specializing in ship-to-shore cranes, rubber-tired gantry cranes, and automated container handling systems. The firm holds a large portion of the container crane industry, providing technologically innovative and long-lasting products. ZPMC's global reach and unique engineering enable ports to increase cargo handling efficiency, operational safety, and throughput, positioning it as a key participant in the global port equipment market.
5. Terex Corporation
Headquarters: Redmond, Washington, USA
Terex is headquartered in Redmond, Washington, and has operations in 42 countries across the world. Terex offers a wide range of industrial and port equipment, such as cranes, material handling systems, and container handling machines. The firm prioritizes innovation, durability, and safety, providing solutions that increase port productivity and logistical efficiency. Terex's equipment incorporates modern technology to assist operational efficiency, reduced turnaround times, and ensure dependable cargo handling at ports. Terex's global presence and diverse product range position it as a vital contributor to the modernization and expansion of the port equipment industry.
Are you ready to discover more about the port equipment market?
The report provides an in-depth analysis of the leading companies operating in the global port equipment market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- Konecranes Oyj
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Cargotec Corporation
- LIEBHERR GROUP
- Shanghai Zhenhua Heavy Industries Co., Ltd. (ZPMC)
- Terex Corporation
- TTS Group ASA
- Sany Heavy Industry Co., Ltd.
- Hyster-Yale Materials Handling, Inc.
- Kalmar Global
- Others.
Conclusion
The Global Port Equipment Market Size is experiencing significant growth, driven by rising international trade, expanding port infrastructure, and the adoption of advanced cargo handling technologies. Key players such as Konecranes, Cargotec, Liebherr, ZPMC, and Terex are leading innovation through automation, smart port solutions, and energy-efficient equipment. The integration of AI, IoT, and digital monitoring enhances operational efficiency, safety, and turnaround times at terminals worldwide. Government and private sector investments in modernization, particularly in Asia-Pacific, North America, and the Middle East, further support market expansion, positioning the port equipment industry as a critical enabler of global logistics and maritime trade.
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