Ship-to-Shore (STS) Container Cranes Market Size, Share & Industry Analysis, By Type (High Profile Cranes, Low Profile Cranes), By Lifting Capacity (Panamax STS Cranes, Post Panamax STS Cranes, Super-Post Panamax STS Cranes) and Regional Forecast, 2024-2032

Ship-to-shore (sts) container cranes are also called as container cranes and rail mounted quay cranesor portainers. STS container cranes are basically a gantry type crane that are used to load and unload containers from ship to dock or viceversa. These cranes use spreaders (a device with locking mechanism, which is attched to the four corners of the containers.) for handling the containers. There are basically two types of STS container cranes, which are high profile and low profile. These profiles are the height at which the cranes handles the containers. For insatance, a low profile STS cranes are used at ports which are situated near to airports, this makes the path clear for the aircraft.

Furthermore, ship-to-shore container cranes are based on the lifting capacity, such as, panamax STS cranes, post panamax STS cranes and super-post panamax STS cranes. These segment deals with the size of the container ships, which the cranes can handle for loading and unloading of containers. Like in the case of panamax STS cranes, these type cranes are used for handling containers from the ships which are 12 to 13 containers row wide. Similarly, super-post panamax STS cranes are used for the vessels which are about 22 or more containers wide in breadth.

Moreover, with the increasing global trade, transportation of goods and cargo have increased substantially, which has driven the global ship-to-shore container cranes market demand. This global trade includes demand of goods and products from various industries such as automobile, consumer goods, chemicals and material, etc. Additionally, as per the data released by United Nations the global maritime trade has gathered momentum in the past couple of years. The global containerised trade for the year 2017 accounted for 1.82billion tons with the increase of 6.4% from the previous year, justifying the increased demands.

Key Players Covered:

Key players in the market have a dominant presence in the cranes market, thus have good will and brand name to capture the unidentified STS container cranes market. Moreover, these players are expected to have significant expansion in their business owing to the robust business strategies such as targeting developing countries and economies for increased market share.

Some of the key competitors in the ship-to-shore (STS) container cranes marketinclude Doosan Corporation, Hyundai Samho Heavy Industries Co., Ltd., IMPSA, Cargotec (Kalmar), Konecranes, Liebherr, MITSUBISHI HEAVY INDUSTRIES, LTD., Mitsui E&S Holdings Co., Ltd., PACECO CORP., Terex Corporation, &Shanghai Zhenhua Heavy Industries Co., Ltd. (ZPMC).

Regional Analysis

United Nations Conference on Trade and Development, developing economies share the more than 55% share of the global containerised trade market. In which, Asia Pacific holds the maximum share of the market and is also expected to have the maximum growth rate during the coming years.Moreover, this region is the hotspots for the majority of the key players to gather enhanced market share. This is owed to the increased manufacturing and mining activities in the countries such as China, India, Japan, & Korea.

Similarly, Middle East & Africa and Latin America is expected to be a prominent region for the growth of the STS container cranes market. This is owed to the presence of capital intensive companies, along with low cost of labour in the region. Moreover, in the past 5 years the region has invested a lot in port development, in order to increase the trade and volume of import and export. Europe and North America on the other hand has showed a steady growth with minimal changes in the market structure. Also, the companies in the market are shifting their manufacturing facilities at developing economies, thus this region is expected to exhibit minor volatility in the coming years.

Segmentation

Key Industry Developments

• March2020: Georgia Ports Authority’s Port of Savannah, installed 3 new Konecranes Neo-Panamax STS container cranes as a expansion project. This increase the total count to 36 Neo-Panamax STS container cranes. The expanse projects aims at meeting the increasing cargo demands.


• April2019: Montreal Gateway Terminals Partnership (MGTP) located at Cast Container Terminal at the Port of Montreal, added four shit-to-shore container cranes from Liebherr. The new crane is Post Panamax STS Cranes, which will handle vessels up to 21 container rows across the dock. The new crane is expected to be delivered by third quarter of 2021.