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Increasing Seaborne Trade Across The Globe To Propel Port Equipment Market

The factors that are expected to fuel the growth of the port equipment market are the increasing seaborne trade across the globe and the growing number of container shipments in Asia Pacific and the Middle East. Various countries have been focusing on developing new ports owing to the increase in vessel count and trade volume. According to the International Chamber of Shipping, 90% of the world’s trade is carried out through seaways as they are ideal for heavy and bulk goods, have large carrying capabilities, and offer competitive freight costs. The global port equipment market size is expected to grow from USD 29.2 billion in 2018 to USD 36.6 million by 2023, at a CAGR of 3.30% during the forecast period. The major driving factors for the port equipment market are the increasing seaborne trade across the globe and the growing number of container shipments in Asia Pacific and the Middle East. Based on equipment type, the straddle carriers segment is estimated to lead the port equipm
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Ammunition Handling System Market Growth Driving Factors and Research Report, 2022

 The growing demand for remote weapon stations, tank turrets, and naval guns from military forces worldwide and rising incidences of asymmetric warfare across the globe are key factors driving the growth of the ammunition handling system market. The global ammunition handling system market is estimated to be USD 2.30 Billion in 2017 and is projected to reach USD 3.50 Billion by 2022, at a CAGR of 8.75% from 2017 to 2022.


Based on platform, the land segment is expected to lead the ammunition handling system market from 2017 to 2022. Ammunition handling systems identify and locate selected ammunition rounds in a magazine, and transfer the chosen rounds to a weapon for firing. The demand for main battle tanks and armored fighting vehicles has increased across countries worldwide, thereby driving the growth of the ammunition handling system market in land platform.

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Based on feeding mechanism, the ammunition handling system market has been segmented into linked and linkless. The linkless segment is projected to lead the ammunition handling system market from 2017 to 2022. The linkless ammunition feed mechanism allows loading of ammunition in weapons through conveyor systems. This mechanism also helps download the used cases and unfired rounds. The growth of the linkless segment can be attributed to the need to enhance firepower of gun systems, the increase in military modernization programs, and procurement of new military equipment.

The growth of the ammunition handling system market in the Asia Pacific region can be attributed to increased defense spending of emerging countries, such as India and China. These countries are focused on the development of advanced warfare systems for military applications.

Major players operating in the ammunition handling system market include Meggitt Defense Systems (US), General Dynamics (US), McNally Industries (US), Nobles Worldwide (US), and Curtiss-Wright (US).

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