Zion Market Research has published a new report, according to the which the global ship loader and unloader market was US$52 725 million in 2018 and is expected to reach around US$65 850 million by 2025, growing at a compound annual growth rate (CAGR) of 3.2% fom 2019 – 2025.
A ship loader and unloader is a massively robust machine that stocks heavy, strong materials, such as metals, grains, composite, coal and various other materials in ships. These machines are prominently used at ports and breakwaters, which are built for the acquisition and delivery of abovementioned industrial and consumer goods. It is basically a mechanical or pneumatic structure comprising extendable arms or blast, belt transport, and tripper to hoist and exchange items from source transport or feeder and a flexible multipurpose structure to help the blast. These are usually employed for a capacity between 1000 and 15 000 tbh. Ship loader and unloader machinery provides opportunities to penetrate the untapped markets with new competitive product options.
Some key growth drivers of the ship loader and unloader market are increasing the disposable income of the global population and rapid urbanisation. Globalisation 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 and unloader market. However, expensive labour and cost of other operational factors may limit the ship loader and unloader market. Conversely, the expected exponential growth in foreign trade and rapid industrialisation in emerging economies like India, China, and Brazil will present numerous growth opportunities in the ship loader and unloader market.
The ship loader and 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 localisation 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 and 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 and 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. These European nations have had a predominant position in global trade through marine transportation along with technological up-gradation in Germany and the UK Europe is slated to augment its business with rising economies of Asia, Africa, and Latin America, owing to its long marine boundaries that contribute to easy market access.
North America is expected to follow Europe in terms of revenue in the global ship loader and unloader market. Robust increase in global trade, significant investments in transportation facilities, and dedicated efforts in the technological advancement of ship loader and unloader machinery will drive the ship loader and unloader market in North America.
The Asia Pacific ship loader and unloader market possesses tremendous potential. Emerging economies of China and India will provide the regional market with numerous opportunities and large untapped potential. China has developed its economy around the core sectors like manufacturing, mining, and construction, which are key markets for ship loader and unloader machinery. Initiatives in India like ‘Make in India’ to export high-end products and import industrial goods are set to further drive the ship loader and unloader market.
The Middle East and Africa has enormous potential for ship loader and unloader market, due to the growing extraction and export of minerals and crude oil, particularly from the emerging economies of India, China, and Indonesia. Furthermore, investments from China in the African continent are estimated to increase the demand for shipping facilities for the export of high-value merchandises globally. Latin America is projected to show satisfactory market growth, owing to the developing economies of Brazil and Argentina.
Full report: ‘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’
Read the article online at: https://www.drybulkmagazine.com/dry-bulk/04092019/zion-market-research-global-ship-loader-and-unloader-market-to-2025/