Global Port Equipment Market Size & Outlook, 2023-2030
The port equipment industry worldwide is expected to reach a projected revenue of US$ 18,309.2 million by 2030. A compound annual growth rate of 2.6% is expected of the worldwide port equipment industry from 2024 to 2030.
Revenue, 2023 (US$M)
$15,420.5
Forecast, 2030 (US$M)
$18,309.2
CAGR, 2024 - 2030
2.6%
Report Coverage
Worldwide
Global port equipment market, 2018-2030 (US$M)
Global port equipment market highlights
- The global port equipment market generated a revenue of USD 15,420.5 million in 2023 and is expected to reach USD 18,309.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 2.5% by 2030.
- In terms of segment, heavy forklifts accounted for a revenue of USD 15,420.5 million in 2023.
- Heavy Forklifts is the most lucrative equipment type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 15,420.5 million |
| Market revenue in 2030 | USD 18,309.2 million |
| Growth rate | 2.5% (CAGR from 2023 to 2030) |
| Largest segment | Heavy forklifts |
| Fastest growing segment | Heavy Forklifts |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Heavy Forklifts |
Other key industry trends
- In terms of revenue, the North America accounted for 24.2% of the global port equipment market in 2023.
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Port Equipment Market Scope
Port equipment market segmentation & scope
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
China
India
Japan
South Korea
Australia
Brazil
Argentina
Saudi Arabia
South Africa
UAE
Port Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global port equipment market size, by regions, 2018-2030 (US$M)
Top 10 countries: Port equipment market size, 2023 (US$M)
Global port equipment market share, by equipment type, 2023 & 2030 (%, US$M)
Port equipment market: Opportunity assessment by country
Global port equipment market, by region, 2023 (US$M)
| Equipment Type | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 3,566.0 | 3,634.9 | 3,614.8 | 3,648.9 | 3,689.4 | 3,736.0 | 3,800.2 | 3,877.8 | 3,973.6 | 4,081.3 | 4,169.5 | 4,281.2 | 4,387.8 | 2.4% |
| Europe | 2,960.6 | 3,041.5 | 3,059.3 | 3,120.3 | 3,161.3 | 3,249.7 | 3,313.8 | 3,398.4 | 3,455.5 | 3,486.6 | 3,533.9 | 3,615.2 | 3,657.5 | 1.7% |
| Asia Pacific | 5,713.8 | 5,816.4 | 5,749.5 | 5,759.7 | 5,833.6 | 5,870.4 | 6,004.1 | 6,185.4 | 6,396.4 | 6,732.1 | 6,936.5 | 7,136.7 | 7,430.5 | 3.6% |
| Latin America | 954.8 | 969.9 | 961.3 | 967.0 | 974.4 | 983.3 | 996.8 | 1,013.7 | 1,035.1 | 1,059.6 | 1,078.7 | 1,103.8 | 1,127.5 | 2.1% |
| MEA | 1,409.9 | 1,447.6 | 1,466.1 | 1,518.6 | 1,546.0 | 1,581.2 | 1,595.2 | 1,580.6 | 1,617.5 | 1,591.6 | 1,625.7 | 1,699.6 | 1,706.0 | 1.1% |
| Overall | 14,605.1 | 14,910.3 | 14,850.9 | 15,014.6 | 15,204.6 | 15,420.5 | 15,710.2 | 16,055.8 | 16,478.2 | 16,951.1 | 17,344.3 | 17,836.6 | 18,309.3 | 2.6% |
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