Global Container Handling Equipment market is estimated to grow at a CAGR of 4.6% through 2029. The report offers insight on the various factors influencing the growth of the container handling equipment market while also highlighting the industry-specific challenges
Market overviewThe container handling equipment market refers to the industry that produces and supplies machinery used in ports and other cargo handling facilities for loading, unloading, and moving containers. This machinery includes container cranes, straddle carriers, reach stackers, terminal tractors, and other equipment designed for lifting, transporting, and stacking containers. The market also includes the supply of spare parts, maintenance, and repair services for this equipment. Numerous factors are causing the container handling equipment market to grow at a promising rate. One of the key elements is the increased need for container transportation, which is being fuelled by expanding international commerce and rising consumer demand for commodities. Furthermore, efforts like China's Belt and Road Initiative are encouraging the renovation and extension of port infrastructure, which is boosting the industry. The need for eco-friendly container handling equipment is also increasing as a result of the requirement to comply with environmental rules, giving manufacturers the chance to address this demand. Market study predicts that between 2022 and 2027, the global market for container handling equipment will expand at a CAGR of 4.6%, reaching a total market size of USD 955 million. Due to the presence of significant ports and the rising need for container transportation in the area, Asia-Pacific is predicted to dominate the market. Industry's rise of automation and digitalization, increase’s productivity and lower operating expenses. The market for electric vehicles is also expanding as demand for environmentally friendly equipment rises. Overall, as the sector develops and grows, the market for container handling equipment offers considerable prospects to both producers and investors.To know about the Research Methodology :- Request Free Sample Report
Research MethodologyPrimary and secondary data sources was used to gather information for the study of the container handling equipment industry. The study has considered the potential market influencing aspects and these were assessed to produce results. The market prediction has taken into account the effects of numerous economic factors including inflation, regulatory changes, and policy changes, as well as the market size for top-level markets and sub-segments. The bottom-up methodology and various data triangulation approaches was considered to assess the market size and forecast. The weights allocated to each segment based on their utilisation rate and average sale price will be used to determine the percentage splits, market shares, and segment breakdowns. Based on the proportion of the provided market size that is adopted or used in each area or nation, the total market and its sub-segments was analysed by country. The major competitors in the market were also analysed based on metrics such as market revenue, pricing, services supplied, developments, mergers and acquisitions, and joint ventures. Market engineering and calculations for market statistics, market size estimations, market projections, market breakdown, and data triangulation were considered to gather information and verify and confirm the key figures. In order to provide decision-makers with a clear future vision of the industry, external and internal elements that are predicted to have an impact on the firm positively or adversely will be evaluated. By examining market segments and estimating market size, the research can also help in understanding the dynamic structure of the industry. The study will be an investor's guide thanks to the clear depiction of competition analysis of important companies by pricing, financial condition, development plans, and regional presence in the market.
Container Handling Equipment Market dynamicsMajor drivers Several factors drive the market for container handling equipment, with the rise in container transportation serving as one of the primary drivers. The International Association of Ports and Harbours reported that the throughput of container ports worldwide reached 781 million twenty-foot equivalent units (TEUs) in 2022, an increase of 2.1% from 2021. Due to the requirement for ports to manage increased numbers of containers efficiently, this development in container traffic is boosting demand for container handling equipment. Additionally, as businesses want to move products swiftly and effectively around the globe, the growth of e-commerce and online purchasing has led to an increase in containerized goods transportation. In order to create new technologies and machinery that can properly manage the increasing amounts of containers, producers of container handling equipment are investing in research and development. Government measures to modernise ports and enhance logistics infrastructure are also propelling market expansion as ports work to modernise their operations and equipment in order to fulfil the growing demand for container transportation. Container Handling Equipment Market Opportunities There is a growing emphasis on reducing emissions and improving sustainability in the shipping industry, and this has led to the adoption of stricter regulations on emissions and pollution control. To comply with these regulations, shipping companies are increasingly turning to eco-friendly container handling equipment, such as electric-powered cranes and automated guided vehicles (AGVs). The safety of workers in ports and cargo handling facilities is a critical concern and a major driver. To address this issue, many companies are turning to automation and robotics to reduce the need for human labour in dangerous or high-risk areas. This has driven demand for advanced cargo handling equipment, such as AGVs and robotic cranes, that can operate autonomously or with minimal human intervention. The need for greater efficiency and productivity in port operations has driven increased adoption of automation and digitization technologies. This has driven demand for advanced container handling equipment, such as automated cranes and AGVs. Major Restraints High initial investment required to purchase and install equipment is a significant barrier for entry for smaller companies and emerging markets. The implementation of new equipment or technology can be a complex and costly process. Existing container ports may not have the room or the right infrastructure to support new machinery or technology. For instance, a terminal might not have the space to add more cranes or AGVs, or its power supply might not be adequate to handle extra electric-powered equipment. Compatibility problems in the adoption of newer technology may also act as a bottleneck for the adoption of newer technologies. Complex technology leads to rising expenses associated with increased maintenance costs. Container Handling Equipment Market Challenges From the perspective of manufacturers, the container handling equipment industry faces a number of obstacles. Numerous established market participants and new entrants constitute one of the most significant obstacles. Manufacturers must continuously innovate and provide superior products and services to remain competitive. This may lead to a huge outlay in R&D fundings Due to the specialised nature of the equipment and the application of cutting-edge technology, production costs are also prohibitively expensive. To remain competitive, manufacturers must discover ways to reduce production costs without sacrificing quality. In addition to technological advancements, the industry is in a constant state of change, and manufacturers must keep up with the latest trends to remain competitive. In addition, there is a growing demand to reduce the environmental impact of equipment and adhere to stringent regulations. This necessitates investments in the research and development of environmentally friendly equipment and methods. As equipment becomes more sophisticated, expert labour is required to operate and maintain it. To ensure they have a competent workforce, manufacturers must invest in training and development programmes. Overall, manufacturers in the container handling equipment industry encounter a number of obstacles that necessitate constant vigilance and innovation to maintain market competitiveness.
Container Handling Equipment Market Trends• Automation: As more manufacturers create autonomous container handling equipment that can function without human involvement, automation is becoming more and more common in the business. The desire to lower labour costs and raise efficiency is what is driving this trend. • Concerns about emissions and pollution have increased demand for electrification of container handling equipment. As more ports and countries put policies in place aimed at lowering emissions, this trend is expected to continue. • Data analytics: The industry is employing data analytics more frequently as manufacturers utilise data to improve the efficiency of container handling machinery and lower downtime. As the usage of sensors and other IoT technology spreads, this tendency is anticipated to continue. • Focus on Safety: Manufacturers are creating innovative technologies to enhance worker and equipment safety because it is a top priority in the container handling equipment sector. The necessity to lessen accidents and injuries while increasing general effectiveness is what is driving this trend. • Modularization: There is a rising trend in the industry towards modularization, with manufacturers creating modular container handling equipment that is readily configurable and individualised to match the unique requirements of various ports and clients. The demand for increased flexibility and scalability is what is driving this trend.
Container Handling Equipment Market Regional InsightsDue to the rising need for container transportation, port automation, and infrastructure development, the container handling equipment market in the Asia Pacific region, notably in India and China, is expanding significantly. Governments in these nations are making significant investments in port modernisation, which is encouraging manufacturers to grow their businesses and take market share. Additionally, there are chances for manufacturers to develop new goods and solutions due to the growing demand for environmentally friendly and electrically driven equipment. The market is nevertheless also confronted with difficulties including high production costs, fierce rivalry, and regulatory compliance. The Asia Pacific region's market for container handling equipment is anticipated to increase despite these obstacles in the upcoming years. All across the world, the demand for container handling equipment is expanding. Major shipping ports and terminals are present throughout Europe, and there is a growing demand for port equipment that is automated and electrified. The development of the logistics and transportation sectors as well as the rising demand for environmentally and energy-conscious equipment are the main drivers in North America. Due to rising investments in port infrastructure and increased commercial activity, the Middle East and Africa area is expanding significantly. The UAE, Saudi Arabia, and Egypt are the main drivers of this market expansion. The maritime sector, investments in port infrastructure, and the adoption of cutting-edge technology are all driving growth in Latin America.
Container Handling Equipment Market Competitive landscapeThe market for container handling equipment is extremely competitive, with several competitors fighting for a bigger market share. The market is dominated by a few of significant companies, including Shanghai Zhenhua Heavy Industries Co., Ltd., Kalmar Inc., Liebherr International AG, Konecranes Plc, and Hyster-Yale Materials Handling, Inc. In order to meet the various market demands, these well-established businesses have a significant global presence and provide a broad array of container handling equipment. However, the industry is not solely dominated by these big players; a number of smaller businesses have also joined the fray and made a substantial contribution to the sector's expansion. Terex Corporation, Toyota Industries Corporation, and Anhui Heli Co. Ltd. are among of these supporting players. Despite having a reduced market share, they are nevertheless able to stand out because to their cutting-edge products and aggressive price plans. As existing and new competitors work to solidify their positions in this fiercely competitive industry, it is anticipated that the overall market dynamics will change even more.
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Container Handling Equipment Market by Region North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)
Container Handling Equipment Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US $ 755 Mn. Forecast Period 2023 to 2029 CAGR: 4.6% Market Size in 2029: US $ 955 Mn. Segments Covered: by Equipment Type Automated Guided Vehicles (AGVs) Rail-mounted Gantry (RMG) Cranes Rubber-tired Gantry (RTG) Cranes Ship-to-Shore (STS) Cranes Straddle Carriers Terminal Tractors Reach Stackers Forklift Trucks by Propulsion Type Diesel Electric Hybrid by End User Ports Inland Container Depots (ICDs) Container Freight Stations (CFSs)
Key PlayersKalmar (Finland) Konecranes (Finland) Liebherr Group (Switzerland) Hyster-Yale Materials Handling (US) SANY Group (China) Toyota Industries Corporation (Japan) Terex Corporation (US) Cargotec (Finland) Anhui Heli Co., Ltd. (China) Shanghai Zhenhua Heavy Industries Co., Ltd. (China) Hyundai Heavy Industries Co., Ltd. (South Korea) Mitsubishi Heavy Industries, Ltd. (Japan) JBT Corporation (US) KION Group AG (Germany) Clark Material Handling Company (US) Taylor Machine Works, Inc. (US) Manitou BF SA (France) Doosan Corporation Industrial Vehicle (South Korea) Combilift (Ireland) Linde Material Handling GmbH (Germany) Enersys (US) Hyundai Samho Heavy Industries Co., Ltd. (South Korea) China National Machinery Industry Corporation (China) Bolzoni S.p.A. (Italy) Tadano Ltd. (Japan) FAQS: 1. What are the growth drivers for the Container Handling Equipment market? Ans. The increasing in container traffic and port construction is considered as major driver of container handling equipment market. 2. What is the major restraint for the market growth? Ans. High initial investment is considered as the major restraint in container handling equipment market. 3. Which region is expected to lead the global Container Handling Equipment market during the forecast period? Ans. Asia Pacific region is expected to lead the container Handling Equipment market during the forecast period. 4. What is the projected market size & growth rate of the Market? Ans. The Container Handling Equipment Market size was valued at USD 755Million in 2022 and the total Patient-Controlled Analgesia Pumps revenue is expected to grow at a CAGR of 4.6% from 2023 to 2029, reaching nearly USD 955Million. 5. What segments are covered in the Container Handling Equipment Market report? Ans. The segments covered in the Container Handling Equipment Market report are Type, Applications, End-use, and Region.
1. Container Handling Equipment Market: Research Methodology 2. Container Handling Equipment Market: Executive Summary 3. Container Handling Equipment Market: Competitive Landscape 3.1. MMR Competition Matrix 3.2. Competitive Landscape 3.3. Key Players Benchmarking 3.4. Market Structure 3.4.1. Market Leaders 3.4.2. Market Followers 3.4.3. Emerging Players 3.5. Consolidation of the Market 4. Container Handling Equipment Market: Dynamics 4.1. Market Trends by region 4.1.1. North America 4.1.2. Europe 4.1.3. Asia Pacific 4.1.4. Middle East and Africa 4.1.5. South America 4.2. Market Drivers by Region 4.2.1. North America 4.2.2. Europe 4.2.3. Asia Pacific 4.2.4. Middle East and Africa 4.2.5. South America 4.3. Market Restraints 4.4. Market Opportunities 4.5. Market Challenges 4.6. PORTER’s Five Forces Analysis 4.7. PESTLE Analysis 4.8. Value Chain Analysis 4.9. Regulatory Landscape by Region 4.9.1. North America 4.9.2. Europe 4.9.3. Asia Pacific 4.9.4. Middle East and Africa 4.9.5. South America 5. Container Handling Equipment: Segmentation (by Value USD and Volume Units) 5.1. Container Handling Equipment Market, by Vehicle class (2022-2029) 5.1.1. Mid-Priced 5.1.2. Luxury 5.2. Container Handling Equipment Market, by Application (2022-2029) 5.2.1. Passenger Vehicles 5.2.2. Commercial Vehicles 5.3. Container Handling Equipment Market, by Region (2022-2029) 5.3.1. North America 5.3.2. Europe 5.3.3. Asia Pacific 5.3.4. Middle East and Africa 5.3.5. South America 6. Container Handling Equipment Kit Market (by Value USD and Volume Units) 6.1. North America Container Handling Equipment Market, by Vehicle class (2022-2029) 6.1.1. Mid-Priced 6.1.2. Luxury 6.2. North America Container Handling Equipment Market, by Application (2022-2029) 6.2.1. Passenger Vehicles 6.2.2. Commercial Vehicles 6.3. North America Container Handling Equipment Market, by Country (2022-2029) 6.3.1. United States 6.3.2. Canada 6.3.3. Mexico 7. Container Handling Equipment Market (by Value USD and Volume Units) 7.1. Europe Container Handling Equipment Market, by Vehicle class (2022-2029) 7.2. Europe Container Handling Equipment Market, by Application (2022-2029) 7.3. Europe Container Handling Equipment Market, by Country (2022-2029) 7.3.1. UK 7.3.2. France 7.3.3. Germany 7.3.4. Italy 7.3.5. Spain 7.3.6. Sweden 7.3.7. Austria 7.3.8. Rest of Europe 8. Asia Pacific Container Handling Equipment Market (by Value USD and Volume Units) 8.1. Asia Pacific Container Handling Equipment Market, by Vehicle class (2022-2029) 8.2. Asia Pacific Container Handling Equipment Market, by Application (2022-2029) 8.3. Asia Pacific Container Handling Equipment Market, by Country (2022-2029) 8.3.1. China 8.3.2. S Korea 8.3.3. Japan 8.3.4. India 8.3.5. Australia 8.3.6. Indonesia 8.3.7. Malaysia 8.3.8. Vietnam 8.3.9. Taiwan 8.3.10. Bangladesh 8.3.11. Pakistan 8.3.12. Rest of Asia Pacific 9. Middle East and Africa Container Handling Equipment Market (by Value USD and Volume Units) 9.1. Middle East and Africa Container Handling Equipment Market, by Vehicle class (2022-2029) 9.2. Middle East and Africa Container Handling Equipment Market, by Application (2022-2029) 9.3. Middle East and Africa Container Handling Equipment Market, by Country (2022-2029) 9.3.1. South Africa 9.3.2. GCC 9.3.3. Egypt 9.3.4. Nigeria 9.3.5. Rest of ME&A 10. South America Container Handling Equipment Market (by Value USD and Volume Units) 10.1. South America Container Handling Equipment Market, by Vehicle class (2022-2029) 10.2. South America Container Handling Equipment Market, by Application (2022-2029) 10.3. South America Container Handling Equipment Market, by Country (2022-2029) 10.3.1. Brazil 10.3.2. Argentina 10.3.3. Rest of South America 11. Company Profile: Key players 11.1. Kalmar Global, 11.1.1. Company Overview 11.1.2. Financial Overview 11.1.3. Business Portfolio 11.1.4. SWOT Analysis 11.1.5. Business Strategy 11.1.6. Recent Developments 12. Konecranes (Finland) 13. Liebherr Group (Switzerland) 14. Hyster-Yale Materials Handling (US) 15. SANY Group (China) 16. Toyota Industries Corporation (Japan) 17. Terex Corporation (US) 18. Cargotec (Finland) 19. Anhui Heli Co., Ltd. (China) 20. Shanghai Zhenhua Heavy Industries Co., Ltd. (China) 21. Hyundai Heavy Industries Co., Ltd. (South Korea) 22. Mitsubishi Heavy Industries, Ltd. (Japan) 23. JBT Corporation (US) 24. KION Group AG (Germany) 25. Clark Material Handling Company (US) 26. Taylor Machine Works, Inc. (US) 27. Manitou BF SA (France) 28. Doosan Corporation Industrial Vehicle (South Korea) 29. Combilift (Ireland) 30. Linde Material Handling GmbH (Germany) 31. Enersys (US) 32. Hyundai Samho Heavy Industries Co., Ltd. (South Korea) 33. China National Machinery Industry Corporation (China) 34. Bolzoni S.p.A. (Italy) 35. Tadano Ltd. (Japan) Industry Recommendation