New York, August-09, 2019 /Aerospace/MarketsandMarkets –
MARKET NEWS: PORT EQUIPMENT MARKET IS ATTEND SIZE OF $36.6 BILLION BY 2025 - EXCLUSIVE REPORT BY MARKETSANDMARKETS™ According to the new market research report on "Port Equipment Market by Equipment Type (Mooring Systems, Tug Boats, Cranes, Shiploaders, Container Lift Trucks, Reach Stackers, Forklift Trucks, Automated Tractors,
Guided
Vehicles,
Straddle
Terminal
Carriers),
Type,
Application, Demand, and Region - Global Forecast
to
2025",
published
by
MarketsandMarkets™, the Port Equipment Market is estimated at USD 29.2 billion in 2018 and is projected to reach USD 36.6 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 3.30% from 2018 to 2025. Factors such as the increasing seaborne trade across the globe and the growing number of container shipments in Asia Pacific and the Middle East are expected to fuel the growth of the port equipment market. Ask for PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=184119530 The straddle carriers segment to grow at a higher CAGR in the port equipment market among all equipment types during the forecast period Based on equipment type, the straddle carriers segment is estimated to lead the port equipment market during the forecast period. These are used for lifting and lowering containers, both vertically and horizontally. Straddle carriers are used in container handling have lifting capacities ranging from 40 to 60 tons. As per the industry experts, the demand for straddles is mostly generated from port terminals in Germany, the Netherlands, and the