Global Dynamic Positioning Systems Market

Vessel traffic management refers to a system that enables safe and efficient traffic management in a specified maritime area. Vessel traffic management contributes to the safety of life at sea, the efficiency of navigation, and the protection of the marine environment, including adjacent shore areas, work sites, and offshore installations, from possible adverse effects of maritime traffic. Vessel traffic management systems are installed in some of the busiest waters in the world and are making a valuable contribution to safer navigation, more efficient traffic flow, and the protection of the environment. The main types of systems in vessel traffic management are port management information systems, global maritime safety systems, river information systems, aton management and health monitoring systems, and others. The port control Port Management Information System (PMIS) is a comprehensive port automation solution that includes modules that may be set up to suit the requirements of the end customers. The different components include solutions and services that are employed in several sectors, such as the commercial sector and the defense sector. The vessel traffic management market research report is one of a series of new reports from The Business Research Company that provides vessel traffic management market statistics, including vessel traffic management industry global market size, regional shares, competitors with vessel traffic management market share, detailed vessel traffic management market segments, market trends, and opportunities, and any further data you may need to thrive in the vessel traffic management industry. This vessel traffic management 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 global vessel traffic management market size grew from $4.46 billion in 2022 to $4.87 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The vessel traffic management market size is expected to grow to $6.47 billion in 2027 at a CAGR of 7.4%. The rise in maritime traffic is expected to propel the growth of the vessel traffic management market going forward. Maritime traffic refers to all commercial shipping between two or more ports or moorings, excluding recreational boats, regular ferry services, coastal fishing, and inland waterway transportation. Vessel traffic needs an efficient system to guarantee the security of both infrastructure and vessels where software is readily available to give vessel traffic management the resources they require. Ship tracking through vessel traffic systems employs AIS, radar, and video surveillance to seamlessly integrate into one software that can be handled remotely, whether it's controlling marine traffic or protecting infrastructure. For instance, according to the United Nations Conference on Trade and Development, a Switzerland-based intergovernmental organization intended to promote the interests of developing states in world trade, in 2020, 815.6 million TEUs (twenty-foot equivalent units) of containers were handled in ports worldwide. Also, 94.3 million twenty-foot equivalent units (TEUs) were handled in the main European Union (EU) ports. Therefore, the rise in marine traffic is expected to drive the demand for the vessel traffic management market. The development of advanced vessel traffic management is the key trend gaining popularity in the vessel traffic management market. Various governments across the globe are focused on developing new and advanced vessel traffic systems to safeguard marine safety for smooth trade activities. For instance, in August 2021, the government of Canada launched a system to improve trade at the port of Vancouver. The system will improve marine safety by reducing traffic, actively regulating marine traffic and reducing noise pollution. It will increase the efficiency and dependability of the flow of commodities and safeguard the local killer whale habitat. In January 2022, Leonardo, an Italy-based company that develops multi-domain operational capabilities in the aerospace, defense, and security sectors, acquired Hensoldt for a deal amount of $ 689 million. According to Leonardo, the deal is a step towards the company's goal of establishing a presence in the European market for defense electronics. Hensoldt is a UK-based company that provides state-of-the-art radar systems for the management, safety, and security of busy shipping lanes, ports, waterways, and coastlines. Major players in the vessel traffic management market are Kongsberg Gruppen, Wartsila, Thales Group, Leonardo, Saab, Indra Sistemas, Rolta, Tokyo Keiki, L3harris Technologies, Signalis, ST Engineering, Marlan Maritime Technologies, Xanatos Marine Ltd., and Vissim. North America was the largest region in the vessel traffic management market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vessel traffic management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the vessel traffic management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The vessel traffic management market includes revenues earned by entities by improving the maritime safety and efficiency of navigation. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. 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. The global vessel traffic management market is segmented - 1) By System: Port Management Information System, Global Maritime Safety System, River Information System, ATON Management and Health Monitoring System, Other Systems 2) By Component: Solution, Service 3) By End User: Commercial Sector, Defense Sector

Fiber-reinforced plastic vessels refer to containers composed of a contemporary composite material used in the building of tanks and vessels found in chemical plants, which consists of fibers embedded in a polymer matrixthat are corrosion-resistant in nature. The technical advantages of fiber-reinforced plastic include corrosion resistance, the ability to withstand hydrostatic forces, and strong tensile strength. The main types of fibre reinforced plastic vessels are glass fiber, carbon fiber, aramid fiber, and other types. Glass Fiber Reinforced Plastic is a composite material made up of a polymer matrix and glass fibres. The different types of resins used in fibre reinforced plastic vessels include polyester, epoxy, polyurethane and other resins. These vessels are distributed over various channels such as online and offline and are used in various industries such as automotive and transportation, water & wastewater, chemical, industrial, oil & gas, and other applications. The fiber-reinforced plastic vessels market research report is one of a series of new reports from The Business Research Company that provides fiber-reinforced plastic vessels market statistics, including fiber-reinforced plastic vessels industry global market size, regional shares, competitors with a fiber-reinforced plastic vessels market share, detailed fiber-reinforced plastic vessels market segments, market trends and opportunities, and any further data you may need to thrive in the fiber-reinforced plastic vessels industry. This fiber-reinforced plastic vessels market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global fiber reinforced plastic vessels market size grew from $3.03 billion in 2022 to $3.33 billion in 2023 at a compound annual growth rate (CAGR) of 9.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The fiber reinforced plastic vessels market size is expected to grow to $4.82 billion in 2027 at a CAGR of 9.7%. Increasing demand for fiber-reinforced plastic vessels in the automotive industry is driving the growth of the market. In the automotive industry, FRP vessels are used for fuel storage in natural gas vehicles, and these vessels are constructed in a single piece to reduce the possibility of splitting in the event of a crash. The rapid growth in the adoption of natural gas vehicles or the conversion of existing gasoline vehicles to natural gas vehicles in developing countries to reduce pollution levels has led to increased demand for FRP vessels. For instance, in June 2021, according to an article shared by Advanced Clean Tech (ACT) News, a US-based news provider, even though 2020 was a wildly anomalous year, natural gas fuel and natural gas vehicles (NGVs) continued to expand. In California, the usage of RNG in on-road transportation went from 69% of total volume in 2018 to 93% in 2020, a more than 225% increase from 2015. RNG climbed to 98% of all natural gas utilised as a transportation fuel in California by the fourth quarter of 2020. Thus, an increase in demand for FRP vessels in the automotive industry is expected to boost the market during the forecast period. Development of low-weight transportation FRP vessels is the key trend gaining popularity in the fiber-reinforced plastic vessel market. Carbon fibre reinforced polymers and glass fibre reinforced polymers are some of the FRP used in the development of low-weight transportation materials. For example, in August 2020, Universal Hydrogen, a US-based carbon-free economical hydrogen transport company, announced the new product launch of a twin-tank module for 50-seat aircraft that uses carbon fibre-wrapped pressure vessels to store H2 gas at 850 bar, enabling a 400-nm range for a Dash 8 or ATR turboprop regional aircraft that enables easy transport and loading using existing infrastructure. In October 2022, Ipackchem Group SAS, a France-based material manufacturing company, acquired TPG Plastics LLC for an undisclosed amount. Through this acquisition, Ipackchem increases its barrier packaging product portfolio, manufacturing capabilities, and product reach in North America. TPG Plastics LLC is a US-based plastic product manufacturing company pioneering in the design and development of blow molding products. Major players in the fiber reinforced plastic vessels market are Sainath Industrial Corporation, Plas-Tank Industries Inc., JRMS Engineering Works, TROY Dualam Inc., Swami Plastic Industries, Augusta Fiberglass Coating Inc., Worthington Industries, Inc., Avanco Group, CevotecGmbh, Denali Incorporated, Enduro Composites Inc., EPP Composites Pvt. Ltd., Faber Industrie Spa, Lianyungang ZhongfuLianzhong Composites Group Co. Ltd., Nproxx, Quantum Fuel Systems LLC., and ZCL Composites, Inc. Asia-Pacific was the largest region in the fiber reinforced plastic vessels market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fiber reinforced plastic vessels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the fiber reinforced plastic vessels market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The market for fiber-reinforced plastic vessels consists of sales of natural fiber, hemp fiber, plant-based fiber, polycarbonate, and polyamide. 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. The global fiber reinforced plastic vessels market is segmented - 1) By Type: Glass Fiber, Carbon Fiber, Aramid Fiber, Other Types 2) By Distribution Channel: Online, Offline 3) By Resin: Polyester, Epoxy, Polyurethane, Other Resins 4) By Application: Automotive & Transportation, Water & Wastewater, Chemical, Industrial, Oil & Gas, Other Applications

Offshore support vessels are specialty ships designed for operating on the ocean, serving multiple purposes. They serve as platform support, anchor handling, construction, maintenance, and anything from bringing equipment to rigs to repairing offshore wind turbines and more. The main types of offshore support vessel markets are anchor-handling tug supply vessels, platform support vessels, multipurpose support vessels, emergency response or standby vessels, rescue vessels, crew vessels, seismic vessels, and chase vessels. An anchor-handling tug supply vessel is a type of supply ship that helps in installing oil rigs in mid-sea and also for rescue purposes. These vessels also serve as emergency response and rescue vessels (ERVs) and as supply transports. The various services include technical services, inspections, surveys, and others. The various water depth includes shallow water, deep water and ultra-deep-water. The various application includes oil and gas applications, and offshore applications. The offshore support vessels market research report is one of a series of new reports from The Business Research Company that provides offshore support vessel market statistics, including offshore support vessel industry global market size, regional shares, competitors with an offshore support vessel market share, detailed offshore support vessel market segments, market trends and opportunities, and any further data you may need to thrive in the offshore support vessel industry. This offshore support vessel market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global offshore support vessel market size grew from $24.18 billion in 2022 to $26.03 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The offshore support vessel market size is expected to grow to $31.62 billion in 2027 at a CAGR of 5.0%. Increasing exploration and production activities for oil and gas are expected to propel the growth of the offshore support vessel market. A substantial presence of proven oil reserves in various countries is set to increase production activities. Innovations from such reserves are transforming into demand for well drilling and production activities, which, in turn, are maintaining the offshore support vessel market growth. Increasing oil and gas exploratory activities in the golden triangle, including the Gulf of Mexico, Brazil, and West Africa, are anticipated to drive offshore E&P activities in the region. For instance, in March 2022, according to a survey report published by S&P Global, a US-based publicly traded corporation, production, capital expenditures, employment, and overall operating costs all increased dramatically in Q1 in the oil and gas exploration industry. In addition, nearly 52% of respondents reported an increase in oil production, along with 47% reporting an increase in natural gas production during the quarter of 2022. Therefore, increasing exploration and production activities for oil and gas are driving the growth of the offshore support vessel market. New product innovations have emerged as the key trend gaining popularity in the offshore support vessel market. Major companies operating in the offshore support vessel sector are introducing new products to reinforce their position. For instance, in December 2020, Siem Offshore's PSV, a Norway-based company that manufactures offshore vessels, launched its first hybrid vessel, Siem Symphony. This vessel is fitted with a 600-kWh chargeable battery pack as an additional power supply, which helps to lower the fuel consumption of the vessel. These hybrid vessels are effective during standby mode. In July 2020, Seacor Marine, a US-based international ship manufacturing company, acquired Seacosco for a deal amount of USD28.15 million. This acquisition will expand Seacor’s existing portfolio of support vehicles and solutions and boost the company's capabilities. The acquisition helps Seacor’s Marine strategy to transform their operations by advancing the technological capabilities and giving their customers the best possible solutions with high efficiency. Seacosco is a US-based offshore support vessel company. Major players in the offshore support vessel market are Solstad Offshore ASA, Seacor Marine Holdings, Swire Pacific Offshore, Tidewater, Havila Shipping, Maersk, Siem Offshore, Bourbon Corporation SA, and Havila Shipping ASA. Asia-Pacific was the largest region in the offshore support vessel market in 2022. North America is expected to be the fastest growing market in the forecast period. The regions covered in the offshore support vessel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the offshore support vessel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The offshore support vessel market consists of sales of well intervention vessels, and accommodation vessels. 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. The global offshore support vessel market is segmented - 1) By Type: Anchor-handling tug supply vessels, Platform Support Vessels, Multipurpose Support Vessels, Emergency Response or Standby and Rescue Vessels, Crew Vessels, Seismic Vessels, Chase Vessels 2) By Service: Technical Services, Inspection and Survey, Other Services 3) By Water Depth: Shallow water, Deepwater, Ultra-Deepwater 4) By Application: Oil and Gas Applications, Offshore Applications

Materials handling refers to the movement of raw goods from their native site to the point of use in manufacturing, their subsequent manipulation in production processes, and the transfer of finished products from factories and their distribution to users or sales outlets. The main types of material handling are automated guided vehicles, automated storage and retrieval systems, trucks and lifts, cranes, pallet racking, conveying systems, hoists, and other types. Pallet racking refers to a single or multi-level storage system that is utilized to support the high stacking of single items or palletized loads. The operations are assembly, distribution, transportation, and other operations. The various end-users involved are food and beverages, automotive, construction, consumer goods and electronics, pharmaceuticals, e-commerce, and other end users. The material handling market research report is one of a series of new reports from The Business Research Company that provides material handling market statistics, including material handling industry global market size, regional shares, competitors with a material handling market share, detailed material handling market segments, market trends and opportunities, and any further data you may need to thrive in the material handling industry. This material handling market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global material handling market size will grow from $38.23 billion in 2022 to $41.82 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global material handling market size is expected to grow to $58.94 billion in 2027 at a CAGR of 9.0%. The growth of material handling market witnessed growth owing to a rise in the e-commerce industry. According to the Census Bureau of the US Department of Commerce, retail e-commerce sales in the second quarter of 2020 hit $211.5 billion which is an increase of 31.8% from the first quarter of 2020. The increase in e-commerce is mostly driven by COVID-19 as people preferred shopping online rather than visiting any physical store. Rising e-commerce industry growth boosted the demand for material handling services and with this increase, the industry players in the material handling market are focusing on developing customized equipment and systems such as manufacturing engineered systems, smart warehousing, and remotely tracked transport vehicles. Therefore, the increase in online shopping is expected to drive the material handling market during the period. Safety is one of the major challenges in the material handling market on construction sites. In construction sites, material handling equipment is a major cause of accidents through safety measures being followed and monitored continuously. Material handling involves diverse operations at the construction sites such as hoisting tons of steel with a crane, driving a truck loaded with bricks and concrete, or operating any other material handling equipment including hydraulic excavators, lifting devices, and conveyor systems and lack of operational experience results in the number of accidents and deaths. For instance, according to a study published by the Saudi Journal of Biological Sciences in August 2020, there were around 25.3% of accidents were caused due to material handling at construction sites in Jeddah city of Saudi Arabia. Lack of safety and inexperienced workers at the construction sites results in more accidents in material handling and this can impact the material handling market negatively. Lithium-ion technology is an emerging trend in the material handling market. Li-ion batteries are environmentally friendly and offer higher energy densities than lead-acid or nickel-metal hydride batteries. It can store more electricity and is mostly preferred for electric vehicles that are used in material handling. Additionally, Lithium-ion batteries are lightweight, charge quickly, and doesn’t require cool-down intervals. For instance, Flux Power Holdings, Inc., a prime developer of advanced Li-ion batteries, launched the LiFT Pack L48 Li-ion battery pack at MODEX 2020. The battery is specifically designed for 3-wheel forklifts which are used in narrow aisle and high-performance warehouses. The battery offers high capacity and also demands minimum maintenance. In January 2022, Hy-Tek Holdings (Hy-Tek), a US-based company that provides material handling solutions, acquired Advanced Handling Systems, LLC (AHS) for an undisclosed amount. The acquisition will help Hy-Tek Holdings (Hy-Tek) to offer broader range of material handling and integrated systems. With AHS' robotic solutions, Hy-Tek would deliver cutting-edge technology that optimizes fulfilment, speeds distribution, and addresses labor shortage problems. Advanced Handling Systems, LLC., a US-based material handling automation integrator company. It offers material handling and storage products to clients including 3PL, ecommerce, retail, wholesale, food and beverage, and healthcare sectors. Major players in the material handling market are Toyota Industries Corporation, Daifuku Co., Ltd., Beumer Group, Liebherr Group, Dematic Group, Jungheinrich AG, Columbus McKinnon Corporation, Eisenmann AG, Crown Equipment Corporation, and Schaefer Systems International Pvt Ltd. Asia-Pacific was the largest region in the material handling market in 2022. Western Europe was the second-largest region in the global material handling market. The regions covered in the global material handling report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the material handling market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The materials handling market includes revenues earned by entities by automatic guided vehicles (AGVs), automatic identification and data collection, casters and wheels, controls, conveyors, dock equipment, and ergonomics. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. 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. The global material handling market is segmented - 1) By Type: Automated Guided Vehicles, Automated Storage And Retrieval Systems, Trucks And Lifts, Cranes, Pallet Racking, Conveying Systems, Hoists, Other Types 2) By Operations: Assembly, Distribution, Transportation, Other Operations 3) By End User: Food & Beverages, Automotive, Construction, Consumer Goods & Electronic, Pharmaceuticals, E-Commerce, Other End Users

The cranes refer to a machine that uses a hoisting mechanism to lift heavy objects and transport them to a new position. They are equipped with lift ropes, wire ropes, and sheaves that help to lift and lower big objects. The lever and pulley of the crane coordinate with each other to generate a mechanical advantage. The main product types of cranes are mobile, fixed, and marine. Mobile cranes are used to lift and lower goods for a short distance and carry them horizontally, using a set of basic machinery. Mobile cranes are lightweight and easily movable, cost-effective options for construction companies. These are used in construction, mining, industrial, oil & gas, and others. The cranes market research report is one of a series of new reports from The Business Research Company that provides cranes market statistics, including cranes industry global market size, regional shares, competitors with a cranes market share, detailed cranes market segments, market trends and opportunities, and any further data you may need to thrive in the cranes industry. This 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 global cranes market size grew from $36.55 billion in 2022 to $38.29 billion in 2023 at a compound annual growth rate (CAGR) of 4.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The cranes market size is expected to grow to $46.08 billion in 2027 at a CAGR of 4.7%. The increase in spending on construction activities globally is driving the cranes market. Rapid growth in industrialization, urbanization and strong economic growth in emerging countries has contributed to growing spending on construction activities across the globe. The increased spending on construction activities is expected to boost the utilization or demand of cranes, as the on-field construction teams are investing in faster and efficient material handling equipment for safe operations and minimal human loss. For instance, according to the U.S. Census Bureau report on monthly construction spending in 2022, the construction spending was expected to be $1,744.8 billion in April 2022, a 0.8% rise from the revised March estimate of $1,740.6 billion. Therefore, the increasing spending on construction is expected to boost demand for cranes during the forecast period. Technological advancements are a key trend gaining popularity in the cranes market. Automation is taking place in the cranes market to gain work efficiency, with the incorporation of anti-collision, zoning, and internet-based setup. The companies operating in the cranes market are utilizing advanced technologies such as artificial intelligence, machine learning, and computer vision for the development of autonomous cranes. These crane's movements are monitored by operators in a control room using onboard cameras and a remote-control station. The key target of these new systems is to exclude the workforce from a potentially dangerous and challenging working environment involving enormous machinery and transported to the safety and comfort of a control room via remote crane operation. For instance, in February 2021, Manitex Valla, a subsidiary of Manitex International of the United States, released the all-new V 110 R Electric Mobile Crane, which is battery-operated and remote-controlled. In February 2022, American Equipment Holdings, a USA-based manufacturer of industrial overhead cranes, crane services, and inspections acquired Kistler Crane & Hoist for an undisclosed amount. The acquisition by American Equipment is focused on expanding its geographic footprint in production and MRO in the overhead crane systems and hoists sector. Kistler Crane & Hoist is a USA-based provider of overhead crane systems, maintenance, repair and overhaul services. Major players in the cranes market are Konecranes PLC., SANY Group, Manitowoc Company Inc., Tadano Ltd., Terex Corporation, Liebherr-International, Cargotec, XCMG Group, Street Crane Company Limited, Kobelco Cranes Co Limited, Zoomlion Heavy Industry Science and Technology Co Ltd., Komatsu Ltd., Gorbel Inc., Palfinger AG, Link-Belt Construction Equipment, Caterpillar, Buckner HeavyLift Cranes, Demag Cranes & Components GmbH, Shanghai Heavy Industries Co Ltd., and American Crane and Equipment. Asia-Pacific was the largest region in the cranes market in 2022 and is expected to be the fastest-growing region in the forecast period. The regions covered in the cranes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the cranes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The crane market consists of sales of deck cranes, crawler cranes, floating cranes, rough terrain cranes, truck-mounted cranes, bridge/overhead cranes, bulk-handling cranes, and hammerhead cranes among others. 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. The global cranes market is segmented - 1) By Product type: Mobile, Fixed, Marine 2) By Business Type: Original Equipment Manufacturers (OEM), Aftersales 3) By End-User: Construction, Mining, Industrial, Oil & Gas, Other End-Users

Overhead cranes refer to heavy-duty machinery that is capable of moving extremely heavy loads and equipment from one location to another in a precise manner using overhead space inside the facility. These cranes differ by size, type, shape, and configuration with components and accessories. They are widely used in moving materials, lifting dies from stamping machines, loading and unloading heavy goods and machinery, and feeding raw materials. The main types of overhead cranes include bridge cranes, gantry cranes, monorail cranes, and jib cranes, which are available in both single girder and double girder formats. The bridge cranes market segment consists of the sale of bridge cranes by entities (organizations, sole traders, and partnerships), which consists of two parallel runways incorporated into the support structure of a building, and the crane is moved horizontally along the runways by a single or double girder structure known as a bridge, and the trolley and hoist travel side-by-side along the bridge. These cranes are used for multi-directional movement of materials to help with storing, manufacturing, unloading, or loading works. These cranes are operated through electric, hydraulic, and hybrid systems, and they are used in the automotive, metals & mining, paper, utility, aerospace, shipyard, and other end-user industries. The overhead cranes market research report is one of a series of new reports from The Business Research Company that provides overhead cranes market statistics, including overhead cranes industry global market size, regional shares, competitors with a overhead cranes market share, detailed overhead cranes market segments, market trends and opportunities, and any further data you may need to thrive in the overhead cranes industry. This overhead cranes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global overhead cranes market size grew from $4.28 billion in 2022 to $4.55 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The overhead cranes market size is expected to grow to $5.72 billion in 2027 at a CAGR of 5.9%. The increase in automation of various activities in industrial space is driving the demand for the overhead cranes market. The automation of manpower-intensive practices such as lifting and movement of heavy goods in the industrial sector increases the productivity in the manufacturing process and reduction in lead time for production. The advantages of overhead cranes, as well as advancements in crane technology, are increasing industrialists' confidence in their use since these cranes are cost-effective and provide entirely safe operations when carrying heavy products/goods. For instance, in February 2021, according to Modern Materials Handling’s 2021 Automation Solutions Study, 34% of the 123 readers who took part in the 2021 automation study work for companies with revenues of less than $10 million, and 18 percent work for enterprises with revenues of $10 million to $49.9 million. The majority of respondents (59%) work in the manufacturing industry, while 28%, work in non-manufacturing industries such as warehousing, retail, or with a third-party logistics provider. Labeling automation increased from 13% last year to 16% this year and one-third of the respondents reported using hoists, cranes, and monorails. Product innovations are shaping the overhead cranes market. The key players operating in the overhead cranes market are developing innovative product technologies in crane ropes, such as synthetic ropes, to increase the operational performance of the systems and performance diagnostics solutions for early detection of maintenance of the cranes. For instance, in June 2021, Konecranes Oyj, a Finnish company that manufactures and services cranes and lifting equipment, launched its sixth generation of mobile harbor cranes. The sixth generation of mobile harbor cranes is engineered for electric power, so that these cranes can also run on battery power, cutting fuel and maintenance costs and helping Konecranes’ customers meet their low-carbon targets. In January 2022, American Equipment Holdings, a USA-based provider of overhead cranes and hoists acquired Eastern Crane and Hoist, a South-California-based provider of overhead crane systems, and maintenance, repair, overhaul field services (MRO) for an undisclosed amount. The acquisition by American Equipment is focused on expanding its geographic footprint in production and MRO in the overhead crane systems and hoists sector. Major players in the overhead cranes market are ABUS Kransysteme GmbH, Columbus McKinnon Corporation (CMCO), EMH Inc., GH Cranes & Components, Gorbel Cranes, Kito Corporation, Konecranes PLC., Ralf Teichmann GmbH, Sumitomo Heavy Industries Material Handling Systems Co., Ltd., Weihua Group, Cargotec Corporation, Ace Industries, Inc., Eilbeck Cranes, American Crane & Equipment Corporation, Henan Yutian Crane Co. Ltd., Whiting Corporation, and Zenar Corporation. Asia-Pacific was the largest region in the overhead cranes market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the overhead cranes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the overhead cranes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The overhead cranes market consists of sales of workstation cranes, top-running, and under-running. 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. The global overhead cranes market is segmented - 1) By Product Type: Bridge Cranes, Gantry Cranes, Monorail Cranes, Jib Cranes 2) By Type: Single Girder, Double Girder 3) By End User: Automotive, Metal & Mining, Paper, Utility, Aerospace, Shipyards, Other End Users 4) By Operation Type: Electric, Hydraulic, Hybrid

A rubber-tired gantry crane is a wheeled mobile gantry crane that is operated from the ground and is capable of lifting heavy containers for loading, unloading, and stacking at container yards and seaports. The main types of rubber-tired gantry cranes are 8-wheelers and 16-wheelers. The 8-wheeler is a smaller moving rubber-tired gantry crane used for loading and unloading containers at sea ports. The 8-wheeler rubber-tired gantry crane consists of 8 wheels in a configuration of 2 wheels in four corners, four in the rear, and two in front, and is capable of lifting the weight of 24.5–34.8 tons. The different power supplies include diesel, electric, hybrid, and others that are used in construction, oil and gas, shipbuilding, power and utilities, and other applications. The rubber-tired gantry cranes market research report is one of a series of new reports from The Business Research Company that provides rubber-tired gantry cranes market statistics, including global market size, regional shares, competitors with rubber-tired gantry cranes market share, detailed rubber-tired gantry cranes market segments, market trends, and opportunities, and any further data you may need to thrive in the rubber-tired gantry cranes industry. This rubber-tired gantry 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 global rubber tired gantry crane market size grew from $1.18 billion in 2022 to $1.27 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The rubber tired gantry crane market size is expected to grow to $1.61 billion in 2027 at a CAGR of 6.2%. An increase in seaborne trade is expected to propel the growth of the rubber-tired gantry crane market going forward. A rubber-tired gantry crane is a moving gantry crane commonly used in seaports for loading, unloading, and stacking containers that allow easy handling of cargo in the seaborne trade. So, an increase in seaborne trade has increased the use of rubber-tired gantry cranes in seaports for easy handling of heavy containers used in shipping via water. For instance, according to the United Nations Conference on Trade and Development (UNCTAD), a Switzerland-based intergovernmental organization intended to promote the interests of developing states in world trade, around 4.4 billion tons of cargo were loaded into Asian ports in 2020. This represents more than 41.3% of the total cargo loaded into ports globally. Also, in 2020, Asian ports received around 7.0 billion tons of cargo, or 65.5% of all commodities discharged globally. Therefore, the increase in seaborne trade is driving the growth of the rubber-tired gantry crane market. Technological advancement is the key trend gaining popularity in the rubber-tired gantry crane market. Major companies operating in the rubber-tired gantry crane market are focused on developing technologically advanced products to strengthen their market position. For instance, in June 2021, Kalmar, a part of Cargotec Corporation, a Finland-based company operating in rubber-tired gantry cranes, launched a new range of gantry cranes with energy regenerative technology. Regenerative technology is an energy-restoring mechanism of machinery that is capable of storing and using energy during changes in operations and reduces the use of fuel in operation as compared to other normal machinery. The regenerative system on the Kalmar Hybrid RTG is able to gather and store energy from brakes, container handling, gantry movements, and other activities and use it in future operations, reducing fuel usage by 64% and increasing productivity. In January 2022, Mi-Jack Product, a US-based company operating in rubber-tired gantry cranes and container handling machinery, acquired Yardeye GmbH for an undisclosed amount. Through this acquisition, Mi-Jack Products aims to strengthen its product portfolio in rubber-tired gantry cranes and container handling machinery. Additionally, it aims to be an expert in innovation and excellence for automation, work zone protection in intermodal terminals, ports, and others, enhancing collision avoidance systems (CAS), and others. Yardeye GmbH is a Germany-based company that manufactures rubber-tired gantry cranes. Major players in the rubber-tired gantry crane market are Anupam Industries Limited, KONE Corporation's Container Handling, Liebherr-International AG, Konecranes and Demag Private Limited, Reva Industries India Pvt. Ltd., SANY Heavy Industry India Pvt. Ltd., TNT Crane & Rigging Inc., Shanghai Zhenhua Heavy Industries Co. Ltd., ElectroMech Material Handling Systems (India) Pvt. Ltd., Bedeschi S.p.A, ASCOM S.p.A, and Paul Vahle GmbH & Co. KG. Asia-Pacific was the largest region in the rubber-tired gantry crane market in 2022. Middle East is expected to be the fastest-growing region in the forecast period. The regions covered in the rubber-tired gantry crane market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the rubber-tired gantry crane market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The rubber-tired gantry crane market consists of sales of single-beam, double-beam, electric and hydraulic rubber-tired gantry 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. The global rubber tired gantry crane market is segmented - 1) By Type: 8-Wheeler, 16-Wheeler 2) By Power Supply: Diesel, Electric, Hybrid, Other Power Supplies 3) By Application: Construction, Oil and Gas, Shipbuilding, Power and Utilities, Other Applications

Ship-to-shore cranes refer to a crane either in a fixed position, or rail mounted for traversing ashore, as well as any mobile crane deemed to be standard terminal equipment for the purpose of lifting and transferring cargo from quayside to vessel and vice versa. They are uniquely created with a variety of outreaches and specification detail to meet the needs of each customer. The supporting framework of a container crane can move along a rail track the entire length of a quay or yard. The main types of ship-to-shore cranes are high-profile cranes and low-profile cranes. High-profile cranes are attached to the crane structure by hinges and are oriented toward the water. Ships can be cleared for navigation as a result of the boom being raised. The lifting capacities are Panamax STS cranes, post-Panamax STS cranes, and super-post Panamax STS cranes. The power supplies are diesel, electric, and hybrid. The outreach includes less than 40 meters, 41–50 meters, 51–60 meters, and more than 60 meters. The application includes cargo transportation, power transmission, and other applications. The ship-to-shore cranes market research report is one of a series of new reports from The Business Research Company 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 global ship-to-shore cranes market size grew from $2.41 billion in 2022 to $2.89 billion in 2023, at a compound annual growth rate (CAGR) of 19.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The ship-to-shore cranes market size is expected to grow to $5.14 billion in 2027 at a CAGR of 15.5%. The rising cargo transportation worldwide is predicted to propel the growth of the ship-to-shore cranes market going forward. Due to its low cost, high sea vessel load capacity, and lack of restrictions on a vessel carrying capacity, shipping goods by sea is one of the most popular methods of moving cargo. When transporting long-distance goods, sea freight services significantly reduce transportation costs in comparison to other methods of transporting goods over long distances this makes sea transport affordable. According to Organisation for Economic Co-operation and Development (OECD), a unique platform where the leaders of 37 democracies with market-based economies work together, by 2050, maritime trade volumes, a type of trade that includes using of ships to transport goods by sea, is estimated to triple. Each year, ships carry about 11 billion tonnes of cargo. The ship-to-shore cranes are gantry-style cranes used to load and unload containers from ships to docks. The cranes increase efficiency and decrease human intervention and human errors in loading and unloading. Therefore, the rising cargo transportation worldwide drives ship-to-shore cranes. Automation and technological advancements are the key trends in the ship-to-shore cranes market. Automation has a remarkable impact on container management effectiveness and driver safety. The secure transfer of containers from a ship to a port is made possible by technologies like the Electronic Load System (ELC) and Ship Profiling System (SPS). Technological advancements like automation and remote computer or joystick control of STS cranes. Additionally, they permit the regulator to watch the crane operation without being hindered by fog, rain, or wind. Automation also aids in power intake optimization, which reduces crane emissions and noise. For instance, in June 2020, a Marine and Hydrokinetic Toolkit (MHKiT) was developed by the National Renewable Energy Laboratory (NREL), the Pacific Northwest National Laboratory (PNNL), and Sandia National Laboratories (SNL), and it was released as open-source software. By offering a toolbox of marine energy-specific functionality that enables quick data processing using open source, verified, and industry-standard data handling, MHKiT empowers the marine energy sector and enables the community to collaboratively develop and expand MHKiT in response to sector needs. In September 2022, Vestergaard Company, a Switzerland-based company that specializes in the designing, manufacturing, and servicing advanced airport equipment, fully acquired Kalmar Motor CAPA for an undisclosed deal amount. With this acquisition, both companies will strengthen their cooperation in order to better position themselves for growth in the future. In short term, to meet the increasing demand for Kalmar Motor's innovative electrical tractors, investments have been made to increase production capacity. Kalmar Motor CAPA is a Sweden-based company that manufactures and maintains a comprehensive range of industrial cranes. Major players in the ship-to-shore cranes market are Liebherr-International AG, Shanghai Zhenhua Heavy Industries Co Ltd., Wison Group, Konecranes, Kalmar, Kranunion GmbH, Sany Group Co Ltd., Noell Crane Systems Limited, Anupam Industries Limited, MAC PORT Macchine Operatrici Portuali srl, BTG Positioningsystems, Conductix-Wampfler, CONTSHIP ITALIA SPA, GANTREX and TMEIC Industrial Systems. North America was the largest region in the ship-to-shore cranes market in 2022. 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, the Middle East, and Africa. The countries covered in the ship-to-shore cranes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. 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. The global ship to shore cranes market is segmented - 1) By Type: High Profile Cranes, Low Profile Cranes 2) By Lifting Capacity: Panamax STS Cranes, Post Panamax STS Cranes, Super-Post Panamax STS Cranes 3) By Power Supply: Diesel, Electric, Hybrid 4) By Outreach: Less Than 40 Meters, 41 - 50 Meters, 51 - 60 Meters, More Than 60 Meters 5) By Application: Cargo Transportation, Power Transmission, Other Applications