Port Cranes Market Lifts Global Trade to New Heights, Projected to Reach US$ 2.7 Billion by 2034, Driven by Automation & Infrastructure Investments - TMR [Yahoo! Finance]
Terex Corporation (TEX)
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Source: Yahoo! Finance
Transparency Market Research Thu, January 30, 2025 at 1:30 PM GMT+1 6 min read Transparency Market Research The Port Cranes Market is driven by the increasing demand for efficient cargo handling solutions in global trade and port infrastructure development. The market's growth is fueled by advancements in automation, electrification, and smart crane technologies, enabling higher efficiency and reduced operational costs. Rising investments in port modernization and the expansion of international shipping routes further support market expansion. 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
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