New York, USA – According to a report published by Zion Market Research on August 30, 2019, the global ship loader and unloader market was USD 52,725 million in 2018 and is expected to reach around USD 65,850 million by 2025, growing at a CAGR of 3.2% between 2019 and 2025.
The new report published by Zion Market Research is titled “Ship Loader & Unloader Market By Product (Stationary and Mobile), By Technology (Mechanical and Pneumatic), By Application (Mining, Packaging, Construction, Manufacturing, Sea Ports & Cargo Terminals, and Others), and By Bulk (Dry and Liquid): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”.
Some key growth drivers of the ship loader & unloader market are increasing the disposable income of the global population and rapid urbanization. Globalization has manifested transport of various industrial and consumer goods worldwide. This global trade has incited the needs of ports equipped with robust machines to handle a wide variety of materials within a short timeframe. Furthermore, investments in infrastructural projects and technological up-gradation will also help the ship loader & unloader market. However, expensive labor and cost of other operational factors may limit the ship loader & unloader market. Conversely, the expected exponential growth in foreign trade and rapid industrialization in emerging economies like India, China, and Brazil will present numerous growth opportunities in the ship loader & unloader market.
The ship loader & unloader market is classified on the basis of product, technology, application, and bulk. The product segment includes mobile and stationary. Stationary loaders and unloaders acquired a higher market share, due to fixed localization of reception and stacking of materials. Based on technology, the market is classified into pneumatic and mechanical. The mechanical machinery is currently leading the ship loader & unloader market. Pneumatic machines are expected to dominate the market in terms of CAGR, owing to their less wear and tear chances and minimal maintenance requirement. By application, the market includes packaging, construction, sea ports, and cargo terminals, manufacturing, mining, and others. The mining sector is expected to hold the largest market share in the future. The bulk segment includes liquid and dry sections. The dry segment dominates the market, as they are easy to transport and hassle-free in nature.
Europe is the most dominant in the ship loader & unloader market globally and will remain so over the estimated timeframe as well. This growth can be attributed to the growing marine trade from developed economies like Germany, the UK, Spain, Russia, Italy, and France and ongoing construction of ports.
The full report can be purchased on the Zion Market Research website here!
The Report segments the Global Ship Loader & Unloader Market into:
- Global Ship Loader & Unloader Market: Product Analysis
- Global Ship Loader & Unloader Market: Technology Analysis
- Global Ship Loader & Unloader Market: Application Analysis
— Sea Ports and Cargo Terminals
- Global Ship Loader & Unloader Market: Bulk Analysis
- Global Ship Loader & Unloader Market: Regional Analysis
— North America
– The U.S.
— Asia Pacific
— Latin America
— The Middle East and Africa