Wilmington, Delaware, Transparency Market Research Inc. –, Jan. 30, 2025 (GLOBE NEWSWIRE) — The global Port Cranes Market, valued at US$ 1.5 Bn in 2023, is set for steady expansion in the coming years. With a projected CAGR of 5.8% from 2024 to 2034, the market is expected to reach US$ 2.7 Bn by the end of 2034. Rising global trade, port infrastructure modernization, and the adoption of automated cargo handling solutions are key drivers of this growth.
Market Overview
Port cranes are essential for loading and unloading cargo at ports worldwide. These massive machines help move containers, bulk goods, and heavy loads efficiently, making them a crucial part of global trade and logistics.
As international trade grows and ports become busier, the demand for port cranes is increasing. The market is expanding due to technological advancements, automation, and the need for more efficient cargo handling solutions.
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Several major companies dominate the port cranes market. They focus on innovation, partnerships, and expanding their product portfolios to stay competitive.
Key players in the port cranes market include Liebherr Group, Konecranes, ZPMC (Shanghai Zhenhua Heavy Industries Co., Ltd.), Cargotec Corporation (Kalmar), Terex Corporation, Sany Group, Hyundai Samho Heavy Industries, Mitsubishi Heavy Industries, Doosan Heavy Industries & Construction Co., Ltd., and Italgru S.r.l.
Some leading players include:
Konecranes – Investing in automation and smart crane technologies.
Liebherr – Developing energy-efficient and high-performance port cranes.
ZPMC (Shanghai Zhenhua Heavy Industries Co.) – Leading supplier of ship-to-shore cranes worldwide.
TIL Limited – Focusing on mobile harbor cranes for flexible cargo handling.
Cargotec (Kalmar & MacGregor) – Enhancing eco-friendly solutions with electric and hybrid cranes.
Key Strategies Adopted by Companies
Technology Integration – AI, automation, and digital twin technologies to optimize crane operations.
Sustainability Initiatives – Developing electric and hybrid cranes to meet environmental regulations.
Geographic Expansion – Entering emerging markets with rising port infrastructure investments.
Mergers & Acquisitions – Strengthening market presence through strategic collaborations.
The port cranes market is driven by several key factors that are shaping its growth:
1. Increasing Global Trade
With the rise in international trade and shipping, ports need advanced cranes to handle higher volumes of cargo efficiently. The growth of e-commerce and globalization has further boosted trade activities, pushing ports to upgrade their infrastructure.
2. Expansion of Port Infrastructure
Governments and private companies are investing in expanding and modernizing ports. New terminals and bigger harbors require advanced cranes, leading to increased demand. Many ports are also deepening their waters to accommodate larger ships, which need specialized cranes.
3. Adoption of Automation and Smart Cranes
Automation is transforming the industry. Smart port cranes equipped with AI, IoT (Internet of Things), and remote monitoring systems improve efficiency, reduce human errors, and enhance safety. Ports are moving towards fully automated terminals, increasing the demand for high-tech cranes.
4. Sustainability and Green Energy Initiatives
Environmental concerns are pushing ports to adopt eco-friendly cranes. Electric and hybrid cranes reduce carbon emissions, fuel consumption, and noise pollution, aligning with global sustainability goals. Many ports are replacing old diesel-powered cranes with energy-efficient alternatives.
5. Growth in Containerized Cargo
The rise of containerized cargo transport has led to a higher demand for container-handling cranes, such as ship-to-shore (STS) cranes, rubber-tired gantry (RTG) cranes, and rail-mounted gantry (RMG) cranes.
6. Rising Investments in Emerging Markets
Developing countries are expanding their port infrastructure to support economic growth. Countries in Asia, Africa, and South America are investing in modern port cranes to improve their trade capabilities.
Industry Trends
1. Smart Ports and Digitalization
The integration of IoT, sensors, and AI-driven analytics is transforming port operations. Cranes with real-time data monitoring improve efficiency, reduce downtime, and enhance safety.
2. Electrification of Port Equipment
Governments and organizations are encouraging the use of electric port cranes to reduce emissions. Many ports are shifting to fully electric systems, driving demand for sustainable crane solutions.
3. Remote-Controlled and Automated Cranes
Automation is minimizing human involvement in crane operations, leading to higher precision and safety. Remote-controlled cranes are gaining popularity, especially in large container terminals.
Opportunities in the Market
1. Emerging Markets Driving Growth
Countries in Africa, Southeast Asia, and Latin America are modernizing their ports, creating significant opportunities for crane manufacturers.
2. Expansion of Offshore Ports
The rise of offshore and deepwater ports is increasing demand for specialized cranes designed for harsh marine conditions.
3. Increased Public-Private Partnerships (PPP)
Collaboration between governments and private companies is accelerating port development projects, leading to more investments in port cranes.
Market Segmentation
The port cranes market can be categorized based on different factors:
Crane Type:
STS Cranes: Container handling.
RTG Cranes: Mobile container stacking.
RMG Cranes: Intermodal yards.
Mobile Harbor Cranes: Flexible use.
Bulk Handling Cranes: For loose cargo.
Power Source:
Electric: Eco-friendly.
Diesel: Traditional.
Hybrid: Energy-efficient combination.
End-User:
Container Terminals: Large-scale container handling.
Bulk Cargo Ports: For bulk goods.
Multipurpose Ports: Variety of cargo types.
Regions:
Asia-Pacific: Dominates with rapid growth in trade.
North America: Focus on automation and modernization.
Europe: Strong demand for sustainable solutions.
Latin America & Africa: Expanding port infrastructure.
The future of the port cranes market looks promising, with significant growth driven by increasing global trade, port automation, and sustainability efforts. Demand for advanced, energy-efficient cranes, particularly electric and hybrid models, is expected to rise as ports aim to reduce emissions and operating costs.
The shift towards smart technologies, such as AI and IoT, will enhance operational efficiency, while emerging markets in Asia, Africa, and Latin America will continue to fuel investments in port infrastructure. As automation and sustainability become central, the market is set for a transformation, offering lucrative opportunities for both manufacturers and service providers.
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STOCKHOLM (Reuters) – Swedish fast-fashion retailer H&M is working to buy more of its clothes and accessories from suppliers closer to its key markets in Europe and the U.S., its finance chief told Reuters on Thursday, in part to prepare for potential U.S. import tariffs.
“For many reasons we need to create a more regionalised supply chain, both for geopolitical reasons, learning through COVID that we need to create more resilience in our supply chain, and also to support responsiveness and the customer offer,” Adam Karlsson said in an interview after H&M’s quarterly results.
Potential U.S. tariffs on imports are also pushing H&M to seek suppliers closer to its U.S. market, Karlsson said, adding that the retailer had drawn up scenarios for such trade barriers, which he called a “concern”.
“Of course it is a factor, and there are certain countries under higher scrutiny connected to trade barriers, and we’re monitoring that as we move ahead,” he said, adding that the fact H&M sources from a wide range of countries was an advantage.
H&M is exploring options to source more products from Central America, Karlsson said, to serve markets including the U.S. and Brazil. For Europe, it is sourcing more from Turkey and looking to build its supplier base in Morocco and Egypt.
U.S. President Donald Trump has made multiple threats about tariffs including on imports from Mexico, Canada, China, and the European Union, and has also floated the idea of a blanket tariff on all imports, which retailers and economists have said would drive prices up.
“If tariffs increase for everyone, there will be a relative position to take (on pricing),” Karlsson said. “We should position our offering in the same way no matter whether there are tariffs or not.”
H&M has not disclosed country-level sales for 2024, but in 2023 the U.S. was its second-biggest market by sales, accounting for 14% of total revenues.
US stock futures inched higher on Thursday, eyeing a comeback as investors digested earnings from a trio of megacap techs and waited for Apple (AAPL) results for more clues to the prospects for Big Tech.
Contracts on the tech-heavy Nasdaq 100 (NQ=F) rose 0.5%, while S&P 500 futures (ES=F) moved up 0.3%. Dow Jones Industrial Average futures (YM=F) were little changed, in the wake of a losing day on Wall Street.
After the Federal Reserve stood pat on interest rates as expected, investors have turned to parsing earnings reports — and in particular, the first wave of results from the “Magnificent Seven” companies that have driven broader stock market gains.
Markets appear to be keeping faith with Big Tech following results from Microsoft (MSFT), Meta (META), and Tesla (TSLA) late Wednesday. Eyes were on their rationale for massive AI investments after DeepSeek’s cheaper AI model rattled assumptions about the likelihood of a payoff.
Next up is Apple (AAPL), whose stock has been hit by multiple downgrades. Investors will scrutinize its quarterly report after the bell for signs its iPhone sales are doing better than feared. Chipmaker Intel (INTC), Comcast (CMCSA), Mastercard (MA), and Visa (V) are also on the docket.
On the economic front, a first look at fourth quarter GDP is due later, expected to show a slowing to 2.6%. An update on weekly jobless claims also lies ahead, while Friday’s PCE inflation report is the highlight of the week.
Margins missed estimates. Sales came in light. And Elon Musk was back to his antics on the earnings call of conveying guidance that by his own admission is “insane.”
Investors now have a choice to make on Tesla.
Do you avoid the stock because it’s a disruptive EV company that may underwhelm in the near-term as it invests in its business and Elon could fall out of favor with President Trump? Or, do you buy the stock because the company will likely have driver-less cars on the road in 2026 alongside humanoid robots in factories.
I don’t have the answer for you. But I think RBC analyst Tom Narayan makes a host of good points on how his clients are viewing the stock:
“Moonshots getting real. Tesla announced that it will have a paid unsupervised full-self driving (FSD) service in Austin this June. We expect this to be an end- to-end fleet service similar to Waymo (except will use a Tesla vehicle). We expect the car to have pedals and steering wheels and not be a cybercab. The release announced Tesla will have unsupervised FSD for its own customers as well as the robotaxi business in parts of this year. Management also indicated that there is interest from a number of major car companies to license FSD technology but would only entertain orders if volumes are high. Regarding supervised FSD, the company says it is working to launch in Europe and China this year. Regarding Optimus, Tesla now thinks it will make several thousand this year and will utilize some at company facilities. Next year once it produces version 2, it can do 10K per month as opposed to 1K per month.”
Why Levi’s is getting pounded
Levi’s (LEVI) was having a relatively good earnings call last night.
Considering how challenging retail was for the holidays (if your name isn’t Walmart (WMT)), to see organic sales for the Levi’s brand up 8.2% is win for that team.
But Levi’s 2025 EPS guidance of $1.20 to $1.25 was a country mile away from consensus for $1.38 a share.
While the blame is going to foreign exchange fluctuations, I think there is a large chunk that reflects what’s happening at department stores. Macy’ (M)s continues to shut a ton of stores and it’s not alone in doing so post holidays.
If these stores are closing, Levi’s loses places to sell its wares. Management has often told me they are doing big business in there own stores and online. But the unwinding of the department store space is a structural problem.
The Fed may have stood pat on rates Wednesday, but Goldman Sachs still sees a world where rate cuts happen in 2025.
Said Goldman Sachs chief economist Jan Hatzius in a new note:
“In light of today’s message, we remain comfortable with our standing forecast that the FOMC will deliver two more 25bp cuts in June and December this year and one more in 2026. Over the course of the next few FOMC meetings, we expect year-on-year core PCE inflation to fall meaningfully and in a way that “builds [the] confidence” that Powell said he wanted to see.”
The combination of the surprising DeepSeek news and fears of the Trump administration further cracking down on chip flow has the stock down 13% on the week.
Interestingly, that hasn’t stopped the Nvidia bulls from buying the dip.
New data out of Vanda Research shows individual investors bought $562.2 million of Nvidia shares on Monday’s rout. Self-directed traders bought $359.7 million of the stock on Tuesday.
What really matters to Meta bulls
I certainly appreciate everyone racing to read Meta’s (META) cash flow statement to see how much it’s spending on capital expenditures, mostly related to AI infrastructure build outs.
But the reality is all that matters to the Meta investment thesis — for now — is that the company is taking its new AI and applying it to sucking in more ad dollars. Meta remains an advertising led business full stop.
To that end, important point on this by Mark Zuckerberg on the earnings call last night:
“This year, the improvements of the business are going to be taking the AI methods and applying them to advertising and recommendations and feeds and things like that. So, the actual business opportunity for Meta AI and AI studio and business agents and people interacting with these AIs remains outside of 2025 for the most part,” Zuckerberg said.
Said Pivotal Research analyst Jeff Wlodarczak, “In the end we see a strong revenue growth outlook from increased usage/new products/better targeting/higher prices.”
Sounds right to me.
Meh earnings call for Microsoft
I was going to say something more uplifting on Microsoft’s (MSFT) results, which at first glance don’t warrant the pre-market sell-off. AI services sales surged 157%, supporting the yearslong narrative on the stock.
But the Street has a point that Azure growth was under-whelming and may not reaccelerate in the back half of the year.
“The issue was in Azure where management attributed new sales execution issues on non-AI services which saw underwhelming consumption in fiscal second quarter and a weaker outlook, where a second half re-acceleration is more uncertain. The results are indeed a setback to the second half Azure acceleration thesis,” Citi analyst Tyler Radke said.
Then Microsoft slipped this into its earnings call that I don’t think is getting the attention it deserves:
“And while we expect to be AI capacity-constrained in Q3, by the end of FY’25, we should be roughly in line with near-term demand given our significant capital investments,” said Microsoft CFO Amy Hood.
To me, it signals a potential slowing in the AI story in the back half of the year.
So not much up-lifting to say here after all. Stock probably warrants the spanking.
Rockville, MD, Jan. 30, 2025 (GLOBE NEWSWIRE) — According to Fact.MR, global Non-dairy toppings market is estimated to reach a valuation of US$ 4,007.1 million in 2024 and is expected to grow at a CAGR of 8.3% during the forecast period of (2024 to 2034).
Non-dairy toppings are growing in popularity as the food industry observes a noticeable movement in customer preferences towards healthier and more environmentally friendly solutions. Companies are developing a wide variety of products to accommodate varying dietary needs and preferences with speedy innovation.
As part of a larger movement towards inclusivity and wellness, industry leaders are concentrating on enhancing the quality of their products and diversifying their menu to include cutting-edge choices like toppings made of soy and oats.
Because of the rise in veganism and lactose sensitivity, non-dairy toppings have gained traction and are now considered essential in modern cooking environment.
The global Non-dairy toppings market is projected to grow at 8.3% CAGR and reach US$ 8,894.4 million by 2034
The market created an opportunity of US$ 1,390.8 million between 2019 to 2024
North America is a prominent region that is estimated to hold a market share of 23.9% in 2034
Predominating market players include Rich Products Corporation, and Oatly
Soy Milk under base ingredient are estimated to grow at a CAGR of 7.5% creating an absolute $ opportunity of US$ 1,022.6 million between 2024 and 2034
North America and East Asia are expected to create an absolute $ opportunity of US$ 3,038.6 million collectively from 2019-2034.
“With ground-breaking ingredients and inventive formulas, non-dairy toppings are leading the way in culinary innovation. They are changing taste profiles and enhancing eating habits with inventive plant-based meals and environmentally friendly substitutes. “Says a Fact.MR analyst.
Leading Players Driving Innovation in the Non-dairy Toppings Market:
Dean Foods; Rich Products Corporation; Danone; Blue Diamond Growers; Oatly; Califia Farms; Ripple Foods; Nutpods; Laird Superfood; Daiya Foods; Forager Project; Other Prominent Players.
Market Development:
Companies are utilizing several approaches that emphasize innovation, interaction with consumers, and sustainability in order to capture a larger portion of the rapidly expanding non-dairy toppings market. First off, companies are making significant investments in R&D to produce innovative formulations that surpass conventional dairy products in terms of flavour, texture, and usefulness. This entails looking into a range of plant sources, including oats, coconuts, and almonds, that meet various dietary needs and enhance sensory appeal.
Companies are leveraging partnerships and strategic alliances with foodservice operators and culinary influencers to increase brand recognition and add their products to more broadly accessible menu items.
The importance of customization and personalization has risen tremendously with the rise in companies that offer tailored products for certain diet plans like gluten-free or low sugar options.
There is an increase in the interest and acceptance of these products among consumers due to advertisements about their moral and nutritional advantages.
Non-dairy Toppings Industry News:
Daiya, the company that pioneered dairy-free cheese, will launch the new Dairy-Free Cheese Shreds in March 2024, designed specifically for foodservice operators. For foodservice operators and restaurateurs wishing to enhance their plant-based options, this novel product promises a dairy-like melt that feels exactly like cheese.
Oatly Group AB announced in February 2024 that Oatly Oat Milk Creamers would make their US debut. Oatly believes that taking the initial step into flavoured creamers will provide a huge opportunity to reach both new and existing customers, as plant-based creamers have increased in dollar sales and unit sales by 13% and 9%, respectively, over the last 52 weeks.
Fact.MR, in its new offering, presents an unbiased analysis of the global non-dairy toppings market, presenting historical data for 2019 to 2023 and forecast statistics for 2024 to 2034.
The study reveals essential insights on the basis of the product type (Nut Butters, Whipped Cream, Non-Dairy Cheese, Non-Dairy Creamers, and Others [Hummus, cake frostings]), base ingredient (Soy Milk, Vegetable Oils, Almond Milk, Coconut Milk, and Others), Form (Liquid, Powder, and Frozen) across major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia, and Pacific, Middle East & Africa).
Explore More Related Studies Published by Fact.MR Research:
The global Hybrid Dairy Products market is valued at US$ 10,200 million in 2023 and has been forecasted to expand at a noteworthy CAGR of 7.2% to end up at US$ 21,915.1 million by 2034.
The global margarine market is estimated to generate a turnover of US$ 2.67 billion in 2024 and has been forecasted to increase at a CAGR of 3.5% to touch a value of US$ 3.77 billion by 2034-end.
Revenue from the global bakery topping market is projected to reach US$ 1.47 billion in 2024. The market has been forecasted to increase to a value of US$ 2 billion by the end of 2034, expanding at a CAGR of 3.1% between 2024 and 2034.
The global cheese analogue market is estimated at USD 2.2 Billion in 2022 and is forecast to surpass USD 4.2 Billion by 2032, growing at a CAGR of 6.4% from 2022 to 2032.
The value of the global organic foods & beverages market is US$ 258 billion in 2022, which is projected to reach US$ 970 billion by 2032-end, expanding at a high-value CAGR of 14.1% through 2032.
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Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning.
With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay competitive.
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Tesla Inc.TSLA stock surged more than 3% in pre-market trade on Thursday despite the company missing fourth-quarter revenue estimates and CEO Elon Musk admitting that the EV giant would have to replace the HW3 computers in existing cars to make them full self-driving (FSD) compatible.
Tesla bear and GLJ Research’s Gordon L. Johnson pointed out that Musk admitting HW3 cars cannot fully utilize FSD technology points to a bigger problem, which is, how can Tesla be sure that FSD will work with HW4 or even HW5.
“This is a huge deal, as TSLA promised that all its cars since 2016 had the hardware to utilize FSD; and, many sell-side analysts are currently giving TSLA billions in value for its HW3 cars, under the assumption those cars will generate millions in revenues as FSD robotaxis,” Johnson said.
He pointed out that 80% of Tesla’s cars on the road use HW3 – and that’s a problem.
Why It Matters: Tesla reported revenue, earnings per share, and gross profit margin for the fourth quarter that were below expectations on Wednesday.
Aiding TSLA stock’s rise in pre-market is the fact that the company is looking to start production of new models across more affordable price points, giving its portfolio a much-needed boost.
Price Action: Tesla stock gained more than 3% during pre-market hours, after closing 2.3% down on Wednesday. Tesla’s shares have more than doubled over the past year, rising 103%, according to Benzinga Pro data.
Check out more of Benzinga’s Future Of Mobility coverage by following this link.
(Reuters) – Comcast (CMCSA) surpassed fourth-quarter revenue estimates on Thursday as blockbuster holiday releases, including “Wicked”, more than made up for a larger-than-expected decline in broadband customers.
Comcast stock fell over 1% before the bell on Thursday.
The media and telecom giant also unveiled a $15 billion share buyback program.
“Wicked”, a movie adaptation of the Broadway prequel to “The Wizard of Oz”, earned roughly $700 million at the global box office, while the animated feature “The Wild Robot” grossed more than $300 million.
This helped power a near 7% rise in Comcast’s studio revenue in the quarter and pushed its total revenue up 2.1% to $31.92 billion, beating estimates of $31.64 billion, according to LSEG data.
Its adjusted profit of 96 cents per share also topped estimates by 10 cents.
The results come at a crucial time for Comcast as it looks to unchain its main profit drivers such as studio and theme parks business from the declining cable TV unit by spinning off select NBCUniversal cable networks.
The company’s broadband unit has also faced increasing competition in recent quarters from telecom firms such as AT&T (T) and Verizon (VZ), who are trying to capture market share by bundling 5G wireless plans with high-speed fiber.
Comcast lost 139,000 broadband customers in the quarter, higher than FactSet estimates of a 91,000 loss, as it was also hurt by Hurricanes Milton and Helene that disrupted Florida businesses during the quarter.
Peacock’s revenue rose 27.8% thanks to price hikes made last year ahead of the Olympics. The streaming service’s subscriber count, however, stayed flat on-quarter at 36 million as Comcast sought to retain users after record additions in the third quarter.
Its cable TV networks lost 311,000 due to cord-cutting by consumers shifting to streaming. That was lower than 389,000 losses a year ago and FactSet estimates for loss of 333,000.
The theme park unit reported flat revenue at $2.37 billion. But its core earnings fell 3.9% due to pre-opening costs for Universal Epic Universe which is scheduled to open in May.
(Reporting by Harshita Mary Varghese in Bengaluru; Editing by Leroy Leo)
DUESSELDORF, Germany (Reuters) -A German court on Wednesday ruled that Pfizer and its partner BioNTech violated a COVID-19 vaccine patent held by Moderna. In a statement, the court in the…
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