© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 Port Equipment Market has witness Profitable Growth Opportunities By 2025: Global Market Insights, Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  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. Regional Analysis of Port Equipment Market:

© 2016 Global Market Insights, Inc. USA. All Rights Reserved 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.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  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. Competitive Market Share of Port Equipment Market :

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