According to a survey published by Fact.MR, the continuous ship unloaders market is predicted to be worth over US$ 247 million in 2021, with a CAGR of more than 6% over the next 10 years. The market for continuous ship unloaders is now dominated by East Asia, followed by Europe and North America. The expansion of ports along modern lines, which coincidentally leads to increasing need for continuous ship unloaders, is the primary reason for increased demand from these regions (CSUs). This attracts a huge number of shipbuilding firms to the region, which invest in CSUs.
Several countries’ increasing emphasis on enhancing port operations and marine trade is driving up demand for continuous ship unloaders, particularly in developing economies. Another factor driving market expansion is the rising availability of big capacity ships for transporting dry goods, particularly in Europe, where the supply of dry goods via waterways is relatively high. As the demand for coal and iron grows around the world, equipment that helps meet that demand, such as continuous ship unloaders, is becoming more common.
Key Segments Covered
By Unloading Rate
- 100 – 1200 TPH
- 1200 – 2800 TPH
- 2800 – 4500 TPH
By Product Type
- Bucket Chain Type
- Screw Conveyor Type
- Twin Belt Type
- Bucket Wheel Type
- Port Mobile
- Road Mobile
By Unloading Material
- Iron Ore
Continuous Ship Unloader Market: Key Takeaways
- Between 2021 and 2031, the market for continuous ship unloaders is expected to grow by 1.8X in value.
- Continuous ship unloaders with a medium unloading rate account for more than 42% of the market. Through 2031, this segment of unloaders is estimated to offer an absolute monetary opportunity of US$ 106 Mn.
- Bucket chain and screw together account for more than 63 percent of the global market share in mechanical type.
- Through 2031, the markets in China, Germany, and the United States are predicted to grow at a CAGR of roughly 7%, 6%, and 5%, respectively.
- Demand for continuous ship unloaders was affected in 2020 as a result of the COVID-19 issue. The market loss is expected to be more than US$ 12 million on a global scale.
“Continuous ship unloader makers must expand their network of regional contractors in order to expand their foreign market base. This would help manufacturers win bids in countries with higher demand for CSUs, according to a Fact.MR analyst.
To remain ‘ahead’ of your competitors, request for a sample – https://www.factmr.com/connectus/sample?flag=S&rep_id=3897