Global Material Handling Equipment Market

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 building and road construction equipment refer to self-propelled or towed equipment used directly in building and road construction. The main product types of building and road construction equipment are motor graders, road rollers, wheel loaders, concrete mixers, bulldozers, and other product types. Motor graders are being used to finish grade the rough grading performed by heavy CE like scrapers and bulldozers. The equipment categories are earthmoving equipment, material-handling equipment, heavy construction vehicles, and other equipment categories. The various applications involved are building construction, and road construction. The building and road construction equipment market research report is one of a series of new reports from The Business Research Company that provides building and road construction equipment market statistics, including building and road construction equipment industry global market size, regional shares, competitors with a building and road construction equipment market share, detailed building and road construction equipment market segments, market trends and opportunities, and any further data you may need to thrive in the building and road construction equipment industry. This building and road construction equipment 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 building & road construction equipment market size will grow from $175.54 billion in 2022 to $194.84 billion in 2023 at a compound annual growth rate (CAGR) of 11.0%. 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 global building & road construction equipment market size is expected to grow to $282.41 billion in 2027 at a CAGR of 9.7%. Infrastructure development in emerging and developed countries propelled the building and road construction equipment market. Emerging and developed countries' governments and private sector are focusing on developing the infrastructure to keep up the GDP, meet the growing population needs, meet the levels of urbanization, and increase connectivity by developing highways and expressways. For instance, the total Indian investment in road construction was worth $22.4 billion with private investment accounting for 14% of the total investments. Furthermore, according to the World Bank, the private sector infrastructure investment commitments for low- and middle-income countries were valued at $76.2 billion in 2021, which was a 49% increase from 2020 globally. Governments and private sectors of developed and emerging sectors focus on infrastructure developments and require high-tech equipment for the construction process to make it easy and less time-consuming which further acts as a major driver for the building and road construction equipment market’s growth. The high cost of equipment and initial setup is expected to hinder the building and road construction equipment market. The cost of equipment consists of the purchase price, sales tax, shipping cost, installation cost, and financing charges at the time of acquisition of the equipment. A new full-size excavator can cost between $100,000 and $500,000, where companies are required to make high investments, as the purchase also involve additional costs, adding to the financial burden on companies and hindering the construction and road construction equipment market. The manufacturing companies in building and road construction equipment are concentrating on upgrading their technologies. The technology advancements aim to increase safety, productivity, and connectivity of equipment and decrease maintenance issues and costs. For instance, in March 2020, Komatsu, a Japan-based construction equipment manufacturer introduced hydraulic excavators*1 equipped with the KomVision Human Detection and Collision Mitigation System the company. The excavators are designed by advancing the 'KomVision' bird-view camera system equipped with conventional models in the Japanese market. The system identifies humans across the excavator and avoids the excavator from moving when the system detects people whenever the excavator starts to travel or swing. In October 2020, Volvo Construction Equipment, a USA-based manufacturer of construction equipment launched Volvo Active Control, an automated grading machine control system available on excavators EC250E, EC220E, and EC300E across North America. This system allows the operators to conveniently get the right depth and angle, reducing grading times by up to 45%. In March 2020, K-Tec Earthmovers Inc. (K-Tec), a Canadian company that manufactures efficient earthmoving scrapers for construction and mining sites merged with Ashland Industries (Ashland), a USA-based manufacturer of earthmoving equipment for the agricultural, industrial, and construction sectors. The merger is expected to allow both companies to offer an extensive product line of earthmoving scrapers in the industry. The combination also expects to provide shorter lead times for customers and accelerated product design and launch. Major players in the building and road construction equipment market are AB Volvo, Caterpillar Inc., Komatsu Ltd., Liebherr Group, Hitachi Construction Machinery Co. Ltd., J.C. Bamford Excavators Ltd., Terex Corporation, The Atlas Copco Group, Deere & Company, and Sany Group. Asia-Pacific was the largest region in the building and road construction equipment market in 2022. Western Europe was the second-largest region in the global building and road construction equipment market. The regions covered in the global building and road construction equipment report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the building and road construction equipment market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The building and road construction equipment market consists of sales of asphalt mixing plants, forklift trucks, crawler excavators, truck cranes, and 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 building and road construction equipment market is segmented - 1) By Product Type: Motor Graders, Road Roller, Wheel Loaders, Concrete Mixer, Bulldozers, Other Product Types 2) By Equipment Category: Earthmoving Equipment, Material-Handling Equipment, Heavy Construction Vehicles, Other Equipment Categories 3) By Application: Building Construction, Road Construction

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

The offshore crane refers to a lifting device mounted on a pedestal for transferring materials and personnel from and to ships, barges, and structures. Offshore cranes are mostly used in heavy-lift applications, shipboard operations, production, and drilling operations. The main types of offshore cranes are board offshore cranes, knuckle boom cranes, telescopic boom cranes, lattice boom cranes, luffing cranes, and other types. The term "offshore cranes" refer to a conventional, rope-luffing crane with a slew bearing type and lifting capacities of up to 1,200 tons. Offshore board cranes are used for installing offshore wind parks. 102meters is the maximum boom length for this crane. The lifting capacities of offshore cranes are 0–500 MT, 500–2,000 MT, 2,000–5,000 MT, and above 5,000 MT. The applications include oil and gas, marine, renewable energy, and other applications. The offshore crane market research report is one of a series of new reports from The Business Research Company that provides offshore crane market statistics, including offshore crane industry global market size, regional shares, competitors with an offshore crane market share, detailed offshore crane market segments, market trends and opportunities, and any further data you may need to thrive in the offshore crane industry. This offshore crane 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 crane market size is expected to grow from $21.91 billion in 2022 to $23.86 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. 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 offshore crane market size is expected to grow to $32.79 billion in 2027 at a CAGR of 8.3%. The growing number of investments in offshore drilling projects is expected to propel the growth of the offshore crane market going forward. Offshore drilling refers to extracting petroleum and natural gas from oceanic reserves instead of from land-based reserves by using a platform that is mobile or fixed and located off the coast. Lifting and moving containers, drilling machinery, and sections of pipe is the main duty of an offshore crane. For instance, in March 2022, according to Offshore Energy, a platform that connects communities, a UAE player, Abu Dhabi National Oil Company (ADNOC), is investing in drilling growth with $658 million in new awards. ADNOC's onshore and offshore fields are covered by these awards. Therefore, the growing number of investments in offshore drilling projects is driving the growth of the offshore crane market. Technological advancement is a key trend gaining popularity in the offshore crane market. Major companies operating in the market are introducing technological innovations to reduce offshore carbon dioxide (CO2) releases during production and sustain their position in the market. For instance, in July 2022, Huisman Equipment BV, a Czech Republic-based heavy construction equipment company, launched a 700-meter travelling quayside crane for the load-out of offshore wind turbine components. The load-out procedure of offshore wind turbine components is completed much more quickly with this 700-meter travelling quayside crane compared to the conventional methods, which include crawler cranes or tandem lifting by two cranes with a capacity of 200- to 300-meters. Therefore, the advanced capacity of the crane results in a reduction of CO2 emissions. In September 2022, Rainbow Industries Co., a China-based high-end equipment manufacturing company, entered into an agreement with Kalmar to retain the intellectual property and assets relating to its heavy crane product line for an undisclosed amount. With this agreement, about 40 Kalmar employees based in China, along with automatic stacking cranes, ship-to-shore cranes, rail-mounted gantry cranes, and rubber-tired gantry cranes, will be transferred to Rainbow Industries Co. Kalmar is a Sweden-based marine crane and handling equipment manufacturer. Major players in the offshore crane market are Palfinger AG, Cargotec Oyj, Liebherr, Konecranes Oyj, Kenz Figee Group BV, Heila Group, NOV Inc., Zoomlion Heavy Industry Science and Technology Company Limited, Seatrax Inc., XCMG Group, American Crane, MELCAL SpA, PLM Cranes BV, MacGregor, and Sormec SRL. Asia-Pacific was the largest region in the offshore crane market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the offshore crane market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the offshore crane market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The offshore crane market consists of sales of bottom-supported and floating platform cranes. 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 crane market is segmented - 1) By Type: Board offshore cranes, Knuckle Boom Crane, Telescopic Boom Crane, Lattice Boom Crane, Luffing Crane, Other Types 2) By Lifting Capacity: 0–500 MT, 500–2,000 MT, 2,000–5,000 MT, Above 5,000 MT 3) By Application: Oil and Gas, Marine, Renewable Energy, Other Applications

The mobile cranes refer to a hydraulically driven crane with a telescoping boom mounted on truck-type carriers or as self-propelled variants, or a cable-controlled crane mounted on crawlers or rubber-tired carriers. Mobile cranes are intended to lift and lower things, as well as move them horizontally, using a group of simple devices. Since this kind of crane is simple to transport from one place to another, many construction businesses find it to be an affordable rental alternative. The main products of mobile cranes are truck-mounted cranes, trailer-mounted cranes, and crawler cranes. The truck-mounted crane refers to a type of crane that is used to move, lower, and lift heavy or large objects. The mobile cranes are suitable for various terrains such as on-road, rough terrain, and all-terrain that are used by construction and mining, utilities, manufacturing, transport or shipping, oil and gas, or energy. The mobile cranes market research report is one of a series of new reports from The Business Research Company that provides mobile cranes market statistics, including mobile cranes industry global market size, regional shares, competitors with a mobile cranes market share, detailed mobile cranes market segments, market trends and opportunities, and any further data you may need to thrive in the mobile cranes industry. This mobile crane 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 mobile cranes market size is expected to grow from $14.75 billion in 2022 to $15.62 billion in 2023, at a compound annual growth rate (CAGR) of 5.9%. 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 mobile cranes market size is expected to grow to $19.30 billion in 2027 at a CAGR of 5.4%. Government initiatives for construction activities are expected to propel the growth of the mobile cranes market going forward. Various governments across the world are encouraging construction to improve the infrastructure. Construction of buildings and the installation of huge equipment both frequently use mobile cranes. For instance, in January 2021, the Saudi Arabian government unveiled plans for a 100-mile belt of walkable, zero-energy communities. The 100-mile (170-kilometer) megacity, which it refers to as "city modules," will connect Saudi Arabia's northwestern region with the Red Sea coast. There won't be any automobiles or streets in the city, and everyone in it can get by on foot in less than five minutes. Therefore, government initiatives are driving the growth of the mobile cranes market. Technological advancements have emerged as a key trend gaining popularity in the mobile cranes market. Major companies operating in the mobile cranes market are adopting new technological solutions to sustain their position. For instance, in May 2021, Terex Corporation, a US-based manufacturer of lifting and material-handling equipment, launched the T-Link Telematics platform. This platform can be fitted with Terex Rough Terrain Cranes, giving customers access to real-time data that can be used to control crane configuration information, crane status, alarms, crane position, and scheduled maintenance alerts, in addition to optimizing performance. T-Link gives customers remote access to their fleet of cranes' operational data so they can get accurate, up-to-date information from the field around-the-clock, from any location in the world, using an internet-connected computer, smartphone, or tablet. The development of this innovative technology is another step forward in the mobile cranes market. In March 2022, DeShazo Crane Company LLC, a US-based crane company, acquired Integrated Machinery Solutions (IMS) for an undisclosed sum. The acquisition enables the company to accelerate its growth with the addition of a new product line. Integrated Machinery Solutions is a US-based manufacturer of hoists, end trucks, and custom equipment. Major players in the mobile cranes market are Terex Corporation, Kobelco Construction Machinery Company Limited, Palfinger AG, Bauer AG, SANY Group, Zoomlion Heavy Industries Science and Technology Company Limited, Manitowoc Company Inc., Manitex Inc., Liebherr Group, Kato Works Company Limited, Tadano Limited, XCMG Group, Sumitomo Heavy Industries Limited, Cargotec Corporation, and LiuGong Machinery Company Limited. Asia-Pacific was the largest region in the mobile cranes market in 2022. The regions covered in the mobile cranes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the mobile cranes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The mobile cranes market consists of sales of rough terrain crane and truck loader cranes. 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 mobile cranes market is segmented - 1) By Product Type: Truck Mounted Crane, Trailer Mounted Crane, Crawler Crane 2) By Terrain Type: On road, Rough Terrain, All Terrain  3) By Application Type: Construction & Mining, Utility, Manufacturing, Transport/Shipping, Oil, and Gas/Energy