Port Equipment Market
By Equipment Type;
Cranes, Forklifts, Automated Guided Vehicles, Tugboats, Terminal Tractors/Yard Tractors, Straddle Carriers and OthersBy Fuel Type;
Gasoline, Diesel, Electric-Powered, Hybrid and OthersBy Application;
Container Handling, Bulk Handling, Ship Handling and OthersBy Mode Of Operation;
Manual and AutomatedBy Solutions;
Port Software and Port EquipmentBy Port Type;
Brownfield and GreenfieldBy End User;
Port Authorities, Terminal Operators and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)Port Equipment Market Overview
Port Equipment Market (USD Million)
Port Equipment Market was valued at USD 25,639.57 million in the year 2024. The size of this market is expected to increase to USD 32,181.99 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.3%.
Port Equipment Market
*Market size in USD million
CAGR 3.3 %
Study Period | 2025 - 2031 |
---|---|
Base Year | 2024 |
CAGR (%) | 3.3 % |
Market Size (2024) | USD 25,639.57 Million |
Market Size (2031) | USD 32,181.99 Million |
Market Concentration | High |
Report Pages | 348 |
Major Players
- Liebherr Group
- KonecranesOyj
- Sany Heavy Industry Co. Ltd.
- CVS Ferrari
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Port Equipment Market
Fragmented - Highly competitive market without dominant players
The Port Equipment Market is expanding steadily as global trade and maritime logistics continue to grow. Nearly 48% of seaborne cargo depends on efficient port handling equipment, making cranes, forklifts, and automated systems essential for smooth operations. Rising import-export volumes and the modernization of port facilities are further accelerating demand for advanced handling machinery.
Focus on Energy Efficiency and Sustainability
Close to 40% of newly installed port equipment now integrates eco-friendly technologies such as electric drivetrains and hybrid systems. The push for greener ports is driving manufacturers to innovate sustainable equipment that lowers emissions and complies with environmental standards, making energy efficiency a key growth factor.
Rising Investment in Infrastructure Development
Governments and private operators are investing heavily, with over 45% of port development projects allocating funds to modern handling equipment. These investments are aimed at expanding capacity, supporting larger vessels, and improving cargo management, ultimately fueling consistent growth in equipment adoption worldwide.
Growing Demand for Container Handling Solutions
Containerization continues to dominate trade, with nearly 55% of port equipment usage focused on container handling machinery. Demand for rubber-tired gantry cranes, reach stackers, and straddle carriers is increasing as ports handle larger container volumes, ensuring smooth global logistics operations.
Port Equipment Market Recent Developments
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Cargotec, a major player in cargo handling, expanded its portfolio by acquiring MacGregor, a provider of marine cargo handling and offshore load handling equipment. This acquisition strengthens Cargotec's market presence, especially in the offshore sector, aligning with its growth strategy.
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Konecranes, a global leader in port cranes and material handling equipment, enhanced its position in the North American market by acquiring Morris Material Handling. This move is expected to boost Konecranes' product offerings and strengthen its market share.
Port Equipment Market Segment Analysis
In this report, the Port Equipment Market has been segmented by Equipment Type, Fuel Type, Application, Mode of Operation, Solutions, Port Type, End User and Geography.
Port Equipment Market, Segmentation by Equipment Type
The segmentation by Equipment Type highlights the variety of machinery used to enhance port operations, cargo handling, and logistics efficiency. Growing global trade volumes, port modernization initiatives, and increasing adoption of automation and electrification are major market drivers. Manufacturers focus on energy-efficient technologies, IoT-enabled tracking systems, and autonomous operation capabilities to meet evolving throughput targets while addressing safety and emission challenges.
Cranes
Cranes represent the most significant equipment category, vital for container loading, unloading, and bulk cargo management. Demand for ship-to-shore (STS), rubber-tired gantry (RTG), and rail-mounted gantry (RMG) cranes is increasing as ports embrace automation. Smart cranes integrated with remote monitoring, collision avoidance, and predictive maintenance improve availability and reduce dwell time across terminals.
Forklifts
Forklifts are essential for intra-terminal movement and short-distance cargo handling. The market is witnessing a shift toward electric forklifts driven by sustainability goals and lower total cost of ownership. OEMs prioritize operator safety, compact turning radius, and telematics integration to raise productivity across warehouses and port yards.
Automated Guided Vehicles
Automated Guided Vehicles (AGVs) are transforming port logistics by enabling autonomous container transport between quay and yard. Their use reduces labor dependency, enhances traceability, and supports 24/7 operations. With investment in smart port infrastructure, AGVs increasingly pair with AI-powered fleet management and digital twin simulations for optimal routing.
Tugboats
Tugboats facilitate vessel maneuvering and berthing operations, ensuring safe docking in congested waters. Modern tugs feature hybrid propulsion, azimuth thrusters, and real-time positioning to improve fuel efficiency and control. The segment benefits from a heightened focus on IMO emission compliance and harbor safety standards.
Terminal Tractors/Yard Tractors
Terminal Tractors/Yard Tractors move containers between docks, stacks, and yards, forming the backbone of yard logistics. Adoption of autonomous and semi-autonomous models accelerates, cutting cycle times and idling. OEMs integrate driver-assist, battery swapping, and connected telematics to boost utilization and reduce maintenance.
Straddle Carriers
Straddle Carriers offer flexible stacking and horizontal transport for containers, especially in medium and large terminals. The segment is transitioning to electric and hybrid propulsion to meet emission targets. Smart carriers with anti-sway control, remote diagnostics, and geofencing enhance safety and yard efficiency.
Others
The Others category includes reach stackers, belt conveyors, mooring equipment and specialized handling systems. Demand is supported by port expansion and retrofitting of legacy assets. Emphasis on automation integration and predictive analytics drives modernization and higher service levels.
Port Equipment Market, Segmentation by Fuel Type
The segmentation by Fuel Type reflects the industry’s transition toward low-emission operations. While diesel remains prevalent for heavy-duty cycles, regulatory pressure and green port initiatives are accelerating adoption of electric and hybrid solutions. Investments in charging infrastructure, battery management, and alternative fuels are reshaping fleet strategies.
Gasoline
Gasoline equipment serves smaller applications but is gradually declining due to emissions and operating cost considerations. It remains relevant in low-load, flexible-use scenarios where electrification is not yet viable. Efficiency upgrades and tighter emission controls sustain utility in niche deployments.
Diesel
Diesel dominates in high-capacity and heavy-lift operations given its torque and range advantages. Advances in after-treatment, telemetry, and idle reduction improve fuel economy and compliance. Developing regions continue to rely on diesel where infrastructure for electrification is limited.
Electric-Powered
Electric-powered fleets are expanding rapidly with zero tailpipe emissions and lower lifecycle costs. Ports deploy fully-electric cranes, tractors, and forklifts tied to renewable power and on-site storage. Incentives, ESG mandates, and noise reduction goals bolster adoption.
Hybrid
Hybrid systems blend combustion and electric drives to balance performance with efficiency. They are favored for incremental decarbonization where duty cycles are variable. OEMs introduce plug-in hybrids, regenerative braking, and energy recovery for longer service life.
Others
Others include LNG, hydrogen, and emerging alternatives being piloted in select ports. Collaborative projects among OEMs, utilities, and port authorities are building refueling/charging ecosystems, addressing infrastructure challenges and safety certification.
Port Equipment Market, Segmentation by Application
The Application view underscores equipment roles across container, bulk, and ship handling operations. Digitalization, automation, and enhanced HSE practices remain central to throughput gains and cost control. Rising seaborne trade and integrated multi-modal logistics continue to elevate equipment sophistication.
Container Handling
Container Handling leads, driven by growth in containerized trade and investment in automated terminals. Combining smart cranes, AGVs, and yard TOS software reduces errors, speeds turnarounds, and improves stack density. Operators pursue data-driven planning and remote operations to maximize berth productivity.
Bulk Handling
Bulk Handling covers ores, coal, agribulk, and fertilizers where throughput and environmental control are pivotal. Adoption of enclosed conveyors, dust suppression, and automated stacker-reclaimers enhances sustainability and speeds loading cycles. Efficiency gains align with stricter emission and spillage regulations.
Ship Handling
Ship Handling relies on tugboats, mooring, and automated berthing aids to manage ever-larger vessels. Growth stems from port congestion and safety imperatives, prompting investment in dynamic positioning and real-time navigation support. Integration with VTMS and harbor control systems elevates situational awareness.
Others
Others include warehousing automation, maintenance platforms, and auxiliary yard systems. Digital twins and predictive asset management improve uptime and lifecycle value, supporting resilient operations during demand swings.
Port Equipment Market, Segmentation by Mode of Operation
The Mode of Operation segmentation captures the shift from manual processes to automated port environments. Deployments of IoT sensors, AI-driven decision support, and robotic control raise consistency and safety while easing labor constraints. Investment decisions balance capex with measurable throughput and HSE gains.
Manual
Manual operations persist in smaller or developing ports with limited budgets, yet face safety, variability, and productivity challenges. Many are progressing toward semi-automation via operator-assist systems and telematics, laying groundwork for staged upgrades.
Automated
Automated terminals are expanding as part of smart port blueprints. Combining autonomous vehicles, remote crane operations, and predictive maintenance can lift efficiency significantly while reducing incidents. Standardized APIs and cybersecure networks underpin scalable rollouts across multi-terminal clusters.
Port Equipment Market, Segmentation by Solutions
Under Solutions, ports increasingly blend software and equipment to orchestrate assets in real time. Interoperability, cloud analytics, and open platforms are key as operators seek end-to-end visibility, faster decision cycles, and verifiable ESG performance.
Port Software
Port Software spans TOS, automation platforms, and data analytics that centralize planning and control. Adoption is propelled by predictive maintenance, berth/yard optimization, and AI insights that cut delays. Cloud-native integration eases cross-terminal data sharing and partner collaboration.
Port Equipment
Port Equipment comprises the physical handling infrastructure. Upgrades target sensorization, remote diagnostics, and digital control retrofits to extend life and compatibility. Vendors bundle hardware with software to deliver measurable throughput and energy improvements.
Port Equipment Market, Segmentation by Port Type
Port Type distinguishes investment profiles and engineering approaches in Brownfield versus Greenfield projects. Both are central to network resilience, with strategies shaped by trade corridors, urban constraints, and environmental mandates.
Brownfield
Brownfield ports modernize existing layouts to handle bigger ships and automated flows. Priorities include electrification, shore power, and digital control upgrades to raise capacity without major footprint changes. Phased deployment minimizes disruption and accelerates ROI.
Greenfield
Greenfield ports are designed from inception around smart infrastructure, renewable energy, and AI-based planning. Integrated automation and optimized traffic flows deliver lower emissions and higher resilience. Government-backed logistics hubs drive this segment across strategic coastlines.
Port Equipment Market, Segmentation by End User
The End User view identifies core stakeholders: Port Authorities, Terminal Operators, and allied service providers. Collaboration models and public–private partnerships accelerate modernization, while shared data platforms improve transparency and competitive positioning.
Port Authorities
Port Authorities steer infrastructure policy, safety, and sustainability. Investments target green modernization, resilience, and digital twins for long-term planning. Partnerships with technology providers support IoT monitoring, asset registries, and ecosystem governance.
Terminal Operators
Terminal Operators manage daily logistics, with focus on automation adoption, fleet electrification, and predictive analytics to raise asset utilization. Vendor alliances around service SLAs and retrofit kits ensure uptime and scalable performance.
Others
Others encompass logistics firms and contract service providers that augment operations through outsourced maintenance and specialized handling. Their expansion adds flexibility and capacity to peak-season operations across port clusters.
Port Equipment Market, Segmentation by Geography
Geography shapes demand through trade infrastructure, investment priorities, and technology adoption. Rapid growth in seaborne trade, tighter emissions rules, and automation agendas drive upgrades across mature and emerging regions, with localization of service and supply chains a recurring challenge and opportunity.
Regions and Countries Analyzed in this Report
North America
In North America, growth is propelled by rising container throughput, fleet modernization, and the shift to electric-powered equipment. The U.S. and Canada invest in smart port initiatives, shore power, and infrastructure upgrades to enhance competitiveness and reduce emissions. Funding programs and ESG targets accelerate zero-emission adoption and data-driven yard orchestration.
Europe
Europe leads in automation and sustainability, with ports like Rotterdam and Hamburg deploying autonomous cranes and AGVs at scale. Stringent EU emission frameworks drive electrification and hydrogen pilots, while high labor costs incentivize remote operations. Cross-border digital corridors and standardized APIs further streamline logistics.
Asia Pacific
The Asia Pacific region dominates global trade volumes and new terminal builds, notably in China, Singapore, and India. Investments in automated container terminals, high-capacity cranes, and energy-efficient assets transform infrastructure. Rapid industrialization and supportive policy frameworks strengthen smart port ecosystems and vendor localization.
Middle East & Africa
In Middle East & Africa, expansion of transshipment hubs, energy corridors, and free trade zones underpins equipment demand. Operators prioritize hybrid/electric fleets, advanced tugboats, and resilient yard systems suitable for harsh climates. Public–private partnerships and corridor-linked investments address infrastructure gaps while elevating HSE and service reliability.
Latin America
Latin America shows steady upgrades across bulk and container terminals, led by Brazil, Mexico, and Chile. Focus areas include electrified yard tractors, modern cranes, and TOS integration to improve vessel turnarounds. Strengthening aftermarket support, localized assembly, and skills development programs are key to sustaining performance and reducing downtime.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Port Equipment Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers :
- Global trade volume
- Technological advancements
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Automation - Automation is a transformative force in the global port equipment market, driving significant changes in how ports operate and manage their workflows. The integration of automation technologies into port equipment enhances operational efficiency, reduces human error, and increases overall productivity. Automated systems, such as automated guided vehicles (AGVs), automated stacking cranes (ASCs), and automated mooring systems, are becoming increasingly prevalent in modern ports.
AGVs are essential in streamlining the movement of containers within port terminals. These self-driving vehicles are programmed to transport containers from the quayside to the storage yard and vice versa, minimizing the need for manual intervention. The use of AGVs not only reduces labor costs but also optimizes space utilization and enhances safety by reducing the risk of accidents associated with human-operated vehicles.
ASCs are another critical component of port automation. These cranes are designed to stack and retrieve containers autonomously, significantly speeding up the container handling process. ASCs can operate continuously without fatigue, ensuring consistent performance and higher throughput. This level of automation is particularly beneficial for ports with high container traffic, as it allows for faster turnaround times and improved handling capacity.
Automated mooring systems also play a crucial role in modernizing port operations. These systems use advanced technology to secure vessels to the dock without the need for traditional mooring lines handled by dockworkers. Automated mooring systems enhance the speed and safety of the mooring process, allowing for quicker docking and undocking of vessels, which is vital for maintaining efficient port operations.
The adoption of automation in port equipment is driven by the need for ports to handle increasing volumes of cargo efficiently and to remain competitive in the global market. As ports continue to face challenges such as labor shortages and the demand for faster turnaround times, automation offers a viable solution to enhance productivity and operational efficiency. The trend towards automation is expected to grow, with more ports investing in advanced technologies to streamline their operations and improve overall performance.
Restraints :
- High initial investment
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Maintenance costs - Maintenance costs are a critical consideration in the global port equipment market, significantly impacting the overall operational expenses of port authorities and terminal operators. Regular maintenance is essential to ensure the reliability and longevity of port equipment, which includes cranes, automated guided vehicles (AGVs), automated stacking cranes (ASCs), and other machinery. Proper maintenance practices help prevent unexpected breakdowns, reduce downtime, and ensure the smooth functioning of port operations.
The maintenance costs of port equipment can be substantial, as it involves routine inspections, repairs, replacements of worn-out parts, and technological upgrades. For instance, the maintenance of cranes, one of the most critical pieces of port equipment, involves regular lubrication, structural inspections, and the replacement of mechanical and electrical components. Given the heavy usage and harsh operating environments, cranes require meticulous upkeep to maintain their performance and safety standards.
Automated equipment, such as AGVs and ASCs, although designed for efficiency, also incurs significant maintenance costs. These costs include software updates, battery replacements, sensor calibrations, and troubleshooting of automated systems. The complexity of automated equipment necessitates skilled technicians for maintenance, adding to the overall expenses. However, the investment in automated equipment often pays off in the long run by reducing labor costs and increasing operational efficiency.
The adoption of predictive maintenance technologies is becoming increasingly popular to manage and mitigate maintenance costs. Predictive maintenance utilizes data analytics, IoT sensors, and machine learning algorithms to predict equipment failures before they occur. By monitoring the condition of equipment in real-time, ports can perform maintenance activities only when necessary, thus optimizing maintenance schedules and reducing unnecessary expenses. This proactive approach not only extends the lifespan of the equipment but also minimizes downtime and enhances productivity.
Opportunities :
- Automation and robotics
- Smart port technologies
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Green and sustainable equipment - The global port equipment market is increasingly shifting towards green and sustainable equipment to meet environmental regulations and reduce the carbon footprint of port operations. This shift is driven by the growing awareness of environmental issues, stringent regulatory requirements, and the need for ports to adopt sustainable practices to remain competitive and socially responsible.
Green and sustainable port equipment includes electric and hybrid cranes, automated guided vehicles (AGVs), and energy-efficient lighting systems. Electric and hybrid cranes are designed to reduce emissions and energy consumption compared to traditional diesel-powered cranes. These cranes use electric power for most of their operations, significantly cutting down on greenhouse gas emissions and noise pollution. Hybrid cranes, which combine electric and diesel power, offer a balance between efficiency and flexibility, further enhancing their environmental benefits.
AGVs, which are increasingly being used in automated ports, are another example of sustainable port equipment. These vehicles are often powered by electricity, which not only reduces emissions but also lowers operational costs associated with fuel consumption. Additionally, AGVs can be integrated with renewable energy sources, such as solar or wind power, to further enhance their sustainability.
Energy-efficient lighting systems are also being adopted in ports to reduce energy consumption and improve sustainability. LED lighting, for example, is more energy-efficient and has a longer lifespan compared to traditional lighting solutions. By upgrading to LED lighting, ports can significantly reduce their energy usage and maintenance costs while providing better illumination for safe and efficient operations.
The use of renewable energy sources, such as solar and wind power, is becoming more common in ports as part of their sustainability initiatives. Ports are installing solar panels and wind turbines to generate clean energy for their operations, reducing their dependence on fossil fuels and lowering their carbon footprint. This shift not only contributes to environmental conservation but also offers long-term cost savings through reduced energy bills.
Port Equipment Market Competitive Landscape Analysis
Port Equipment Market is becoming increasingly competitive as rising global trade, containerization, and automation drive demand for advanced handling systems. Leading manufacturers emphasize collaboration, operator partnerships, and targeted merger strategies to expand capacity. Nearly 66% of the market share is concentrated among established equipment providers, while emerging firms fuel innovation and growth with electrified and smart port technologies.
Market Structure and Concentration
The market demonstrates medium-to-high concentration, with about 67% dominated by global port equipment manufacturers. Smaller players adopt niche strategies in automated stacking cranes, electric forklifts, and eco-efficient handling solutions. Strong collaboration with shipping operators sustains competitiveness, while expansion into digital port management and green logistics ensures steady growth.
Brand and Channel Strategies
Brand positioning emphasizes reliability, efficiency, and sustainability, with nearly 58% of sales supported by operator partnerships, service contracts, and regional distributors. Companies employ strategies to target container terminals, bulk ports, and inland logistics hubs. Marketing highlights innovation in electrification, automation, and predictive maintenance, ensuring consistent growth across global trade networks.
Innovation Drivers and Technological Advancements
Around 64% of R&D spending is focused on technological advancements such as AI-powered fleet management, autonomous cranes, and energy-efficient drives. Manufacturers prioritize innovation that reduces emissions, enhances throughput, and ensures safety. Increased collaboration with technology firms fosters partnerships that accelerate growth in next-generation smart port equipment solutions.
Regional Momentum and Expansion
Asia-Pacific leads with nearly 45% of demand, supported by port strategies and strong trade expansion. Europe represents about 31% with innovation in green and automated port infrastructure, while North America records steady growth through logistics expansion and modernization projects. Regional operator partnerships and government collaboration reinforce competitiveness globally.
Future Outlook
The future outlook highlights significant growth as automation, electrification, and digital integration reshape global port operations. Nearly 49% of companies plan expansion into AI-based control systems, zero-emission handling equipment, and fully automated terminals. Sustained partnerships, breakthrough innovation, and advanced technological advancements will define competitiveness, ensuring port equipment remains essential for modern trade efficiency.
Key players in Port Equipment Market include :
- Cargotec (Kalmar)
- Konecranes
- Liebherr Group
- Shanghai Zhenhua Heavy Industries (ZPMC)
- Sany Heavy Industry
- Anhui Heli
- Toyota Material Handling
- Lonking Holdings
- Mitsubishi Logisnext
- Gaussin
- Hyster-Yale Materials Handling
- CVS Ferrari
- ABB
- Terex Corporation
- TTS Group
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- market share analysis.
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Equipment Type
- Market Snapshot, By Fuel Type
- Market Snapshot, By Application
- Market Snapshot, By Mode Of Operation
- Market Snapshot, By Solutions
- Market Snapshot, By Port Type
- Market Snapshot, By End User
- Market Snapshot, By Region
- Port Equipment Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Global trade volume
- Technological advancements
- Automation
- Restraints
- High initial investment
- Maintenance costs
- Technological obsolescence
- Opportunities
- Automation and robotics
- Smart port technologies
- Green and sustainable equipment
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
-
Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Port Equipment Market, By Equipment Type, 2021 - 2031 (USD Million)
- Cranes
- Forklifts
- Automated Guided Vehicles
- Tugboats
- Terminal Tractors/Yard Tractors
- Straddle Carriers
- Others
- Port Equipment Market, By Fuel Type, 2021 - 2031 (USD Million)
- Gasoline
- Diesel
- Electric-Powered
- Hybrid
- Others
- Port Equipment Market, By Application, 2021 - 2031 (USD Million)
- Container Handling
- Bulk Handling
- Ship Handling
- Others
- Port Equipment Market, By Mode Of Operation, 2021 - 2031 (USD Million)
- Manual
- Automated
- Port Equipment Market, By Solutions, 2021 - 2031 (USD Million)
- Port Software
- Port Equipment
- Port Equipment Market, By Port Type, 2021 - 2031 (USD Million)
- Brownfield
- Greenfield
- Port Equipment Market, By End User, 2021 - 2031 (USD Million)
- Port Authorities
- Terminal Operators
- Others
- Port Equipment Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Port Equipment Market, By Equipment Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Cargotec (Kalmar)
- Konecranes
- Liebherr Group
- Shanghai Zhenhua Heavy Industries (ZPMC)
- Sany Heavy Industry
- Anhui Heli
- Toyota Material Handling
- Lonking Holdings
- Mitsubishi Logisnext
- Gaussin
- Hyster-Yale Materials Handling
- CVS Ferrari
- ABB
- Terex Corporation
- TTS Group
- Company Profiles
- Analyst Views
- Future Outlook of the Market