Latin America Port Equipment Market Size & Outlook
The port equipment market in Latin America is expected to reach a projected revenue of US$ 1,127.5 million by 2030. A compound annual growth rate of 2.1% is expected of Latin America port equipment market from 2024 to 2030.
Revenue, 2023 (US$M)
$983.3
Forecast, 2030 (US$M)
$1,127.5
CAGR, 2024 - 2030
2.1%
Report Coverage
Latin America
Latin America port equipment market, 2018-2030 (US$M)
Latin America port equipment market highlights
- The Latin America port equipment market generated a revenue of USD 983.3 million in 2023.
- The market is expected to grow at a CAGR of 2% from 2024 to 2030.
- In terms of segment, heavy forklifts was the largest revenue generating equipment type in 2023.
- Heavy Forklifts is the most lucrative equipment type segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 983.3 million |
| Market revenue in 2030 | USD 1,127.5 million |
| Growth rate | 2% (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 |
| Key market players worldwide | Liebherr Group, Konecranes Oyj, Emerson Electric Co, Toyota Motor Corp ADR, Cargotec Oyj ADR, Anhui Heli |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.4% of the global port equipment market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 7,430.5 million by 2030.
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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 |
|---|
Latin America port equipment market size, by country, 2018-2030 (US$M)
Latin America Port Equipment Market Outlook Share, 2023 & 2030 (US$M)
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