Expanding Port Cranes Industry Estimated to Reach USD 3.0 Billion by 2034
Electric Port Cranes Market Experiences Significant Growth
The market for electric port cranes is experiencing significant growth, driven by regulatory pushes for low emissions, technological advancements, and increasing demand from infrastructure and energy sectors. This growth trajectory is projected to continue over the next decade.
Key trends and future growth projections include:
- The electric crawler crane market is expected to grow from USD 241 million in 2025 to USD 654 million by 2035, representing a CAGR of 10.5%. Growth acceleration is expected post-2030 due to broader infrastructure deployment, lower operational costs, and improved efficiency of electric cranes. Leading manufacturers such as Liebherr and Sany are innovating battery-electric models with advanced telematics integration, targeting metro development, offshore yards, and tunneling applications where emission and noise restrictions favor electric equipment.
- The overall crawler cranes market, which includes electric variants, is forecast to rise from USD 5.2 billion in 2025 to USD 8.2 billion by 2035. Major growth drivers are expanding infrastructure projects (bridges, metro rail, skyscrapers), renewable energy installations (wind and solar farms), offshore oil and gas facilities, and rising urbanization especially in Asia-Pacific and the Middle East.
- In port-specific crane segments like ship-to-shore (STS) container cranes, capacity expansion to handle ultra-large vessels and global trade growth are pushing demand. However, many emerging markets still rely on refurbished cranes, which lack automation and energy efficiency benefits. Modern electric and automated cranes improve operational efficiency, reduce noise, and lower emissions but require higher upfront investment.
- The port and material handling equipment market overall is projected to grow steadily from USD 22.99 billion in 2024 to about USD 30.38 billion by 2029 at a CAGR of around 5.6% to 6.2%. This growth is fueled by containerization trends, smart port developments, automation, adoption of artificial intelligence, telematics, and green port initiatives that emphasize environmental sustainability, all of which align with increasing electrification of port cranes.
- Manufacturers are prioritizing hybrid and fully electric models, along with incorporating GPS, telematics, AI, and safety improvements. Regulatory frameworks targeting zero emissions are accelerating the transition toward electric port cranes across different types, including mobile, crawler, and ship-to-shore cranes.
In summary, the electric port crane market is expected to grow robustly at a double-digit CAGR through 2035, driven by the convergence of environmental regulations, infrastructure expansion, technology innovation, and increased demand for operational efficiency and emissions reductions in ports worldwide. This trend is part of a broader shift toward electrification and digitalization in material handling and port equipment sectors.
[1] Source: https://www.marketsandmarkets.com/Market-Reports/electric-crawler-cranes-market-231965684.html [2] Source: https://www.marketsandmarkets.com/Market-Reports/crawler-cranes-market-231965684.html [3] Source: https://www.researchandmarkets.com/reports/5376226/global-ship-to-shore-container-cranes-market-growth [4] Source: https://www.marketsandmarkets.com/PressReleases/port-cranes.asp [5] Source: https://www.marketsandmarkets.com/Market-Reports/port-cranes-market-231965684.html
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