Ship Deck Crane Market Size, Share, Opportunities, And Trends By Type (Upper Deck Crane, Mobile Rotary Crane, Gantry Crane), By Vessel (Cargo Vessels, Bulk Carriers, Feeders), And By Geography - Forecasts From 2023 To 2028

  • Published : Jul 2022
  • Report Code : KSI061615318
  • Pages : 135

The ship deck crane market is projected to grow at a CAGR of 7.81% to reach US$2,042.988 million in 2028 from US$1,207.53 million in 2021.

A ship deck crane is a specialized type used on ships and other maritime vessels for loading, unloading, and moving cargo. A ship deck crane is typically mounted on a ship's deck and is designed to handle heavy loads, making it essential equipment in the shipping and logistics industry. Ship deck cranes are commonly used in ports, docks, and offshore installations to transfer cargo between the ship and the shore or between different sections. Different types of ship deck cranes include upper deck cranes, mobile rotary cranes, and gantry cranes. The increase in cargo vessels, bulk carriers, and feeders in shipping activities will boost the demand for ship deck cranes, thereby fostering market growth.

The growing adoption of cargo vessels and bulk carriers in shipping is expected to accelerate growth.

Cargo vessels and carriers are specifically designed to transport large quantities of bulk commodities such as coal, iron ore, grains, and minerals. There is an increasing demand for bulk carriers to meet the transportation needs of these commodities as global trade volumes continue to rise. Bulk carriers and cargo vessels require robust cargo handling capabilities, and ship deck cranes are vital in facilitating bulk cargo's efficient loading and unloading. These cranes lift heavy loads and transfer them between the vessel and the port. Ship deck cranes provide the capabilities to handle diverse cargo types, including containers, breakbulk cargo, and project cargo. The growing adoption of cargo vessels and bulk carriers in shipping boosts the demand for ship deck cranes. In 2021, according to the United Nations Conference on Trade and Development (UNCTAD), the growth in cargo shipping was seen in developing regions, with an increase of 5.6% in Africa, 3% in Latin America and the Caribbean, and 3% in Asia. UNCTAD, in 2022 also projected that global maritime trade would grow 2.1% annually from 2023 to 2027. According to the India Brand Equity Foundation (IBEF), in FY22, the capacity of India's major ports was 1,598 million tonnes per annum (MTPA), and 446.50 million tonnes (MT) of cargo were transported through all of India's major ports between April and October 2022. According to the Facilitation of Transport and Trade in Latin America and the Caribbean,” report issued by the Economic Commission for Latin America and the Caribbean, in 2021, 25% of the newbuilt cargo vessels delivered in Latin America were larger than 12,000 TEU (Twenty-foot Equivalent Unit). This demonstrates that ship deck cranes have great demand in the future.

The Asia Pacific region is expected to hold a significant share of the market throughout the forecast period. 

The Asia-Pacific region is expected to dominate the market as the region consists of major shipping hubs in China, India, and Japan, has a robust shipping industry, and well-developed port infrastructure. In November 2021, the Union Minister for Ports, Shipping & Waterways of India launched five vessels at Cochin Shipyard Limited (CSL) simultaneously under the leadership of Mr. Sarbananda Sonowal. In 2021, in China, Shanghai Shipping Exchange developed the Shanghai Export Container Settlement Freight Index to promote the prosperity and stability of the international shipping market and support the innovation of shipping freight index futures. Such progressive developments in the shipping industry will boost the demand for ship-deck cranes, thereby accelerating regional market growth.

Market Developments:

  • December 2022: Liebherr secured an order for eight all-electric heavy lift ship cranes type LS 800 E from SAL Heavy Lift for the "Orca" project, which has a maximum lifting capacity of up to 800 tonnes and a radius of up to 39 meters.
  • February 2022: Alatas announced a new deck machinery partnership with Dalian Shipyard Tools Industry Company (DSTIC) to arrange sales of their deck machinery for new shipbuilding and offshore projects.
  • December 2020: NOV signed a contract with Cadeler to upgrade and install a new crane on the Wind Orca vessel, which had a lifting capacity of 1,600 tonnes at a radius of 40 m. Cadeler also secured an option to replace the crane on Wind Osprey. The total cost of the contract for replacing both cranes was US$102M.

Ship Deck Crane Market Scope:


Report Metric Details
Market Size Value in 2021 US$1,207.53 million
Market Size Value in 2028 US$2,042.988 million
Growth Rate CAGR of 7.81% from 2021 to 2028
Base Year 2021
Forecast Period 2023 – 2028
Forecast Unit (Value) USD Million
Segments Covered Type, Vessel, and Geography
Regions Covered North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies Covered FURUKAWA UNIC CORPORATION, Henan Weihua Heavy Machinery Co., LTD, IKNOW MACHINERY Co., Ltd, MI Jack Products, Mitsubishi Heavy Industries Ltd. 
Customization Scope Free report customization with purchase


Market Segmentation:

  • By Type
    • Upper Deck Crane
    • Mobile Rotary Crane
    • Gantry Crane
  • By Vessel
    • Cargo Vessels
    • Bulk Carriers
    • Feeders
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • UK
      • France
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Australia
      • Others

Frequently Asked Questions (FAQs)

The global ship deck crane market is projected to grow at a CAGR of 7.81% during the forecast period.
The ship deck crane market is projected to reach a total market size of US$2,042.988 million by 2028.
Ship Deck Crane Market was valued at US$1,207.53 million in 2021.
The Asia-Pacific region is expected to hold a significant share of the ship deck crane market.
The increase in cargo vessels, bulk carriers, and feeders in shipping activities will boost the ship deck crane market growth.


1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline


2.1. Research Data

2.2. Research Process


3.1. Research Highlights


4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis


5.1. Introduction

5.2. Upper Deck Crane

5.3. Mobile Rotary Crane

5.4. Gantry Crane


6.1. Introduction

6.2. Cargo Vessels

6.3. Bulk Carriers

6.4. Feeders


7.1. Introduction

7.2. North America

7.2.1. USA

7.2.2. Canada

7.2.3. Mexico

7.3. South America

7.3.1.  Brazil

7.3.2. Argentina

7.3.3. Others

7.4. Europe

7.4.1. Germany

7.4.2. UK

7.4.3. France

7.4.4. Spain

7.4.5. Others

7.5. Middle East and Africa

7.5.1. Saudi Arabia

7.5.2. UAE

7.5.3. Others

7.6. Asia Pacific

7.6.1. China

7.6.2. Japan

7.6.3. South Korea

7.6.4. India

7.6.5. Australia

7.6.6. Others


8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrativeness

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Vendor Competitiveness Matrix



9.2. Henan Weihua Heavy Machinery Co., LTD


9.4. MI Jack Products

9.5. Mitsubishi Heavy Industries Ltd. 


Henan Weihua Heavy Machinery Co., LTD


MI Jack Products

Mitsubishi Heavy Industries Ltd.