North America Container Handling Equipment Market is projected to grow at a compound annual rate of 4.52% during the forecast period from 2023-2028
Due to globalization, the transfer of goods has increased significantly in terms of volume, hence the adoption of this type of equipment also has increased. Container handling equipment can be of different types such as trucks, cranes, and forklifts. Container handling equipment is widely used in air cargo terminals, logistics stations, seaports, etc. for efficient and effective handling (loading, unloading, placement, and transport) of goods. As a result of globalization and industrialization, foreign trade in bulk raw materials has increased considerably, transported in containers by air, sea, and road. For loading and unloading containers at air cargo terminals, dockyards, and other logistics stations, container handling equipment is known to be a perfect option. In addition, container handling teams such as trucks, cranes, forklifts, and others have completed the process of moving goods from one location to another with less complexity. Handling container cargo on board ships and planes is becoming critical, requiring containers to handle the equipment.
Electric container handling equipment is estimated to experience the fastest growth during the forecast period in this locale. Equipment such as RMG, ASC and ship-to-shore cranes are offered in a fully electric variant for container handling applications. RTGs and forks are also available in an electric version with diesel and hybrid variants. Strict emissions standards are driving growth in this market.
BISON, the worldwide leader in container lifting systems, has just launched the latest automated container lifting solution that is capturing the attention of importers and exporters worldwide.
Konecranes, a provider of smart lifting solutions for the port and terminal industry, has unveiled the 11-ton empty container truck, its latest addition to a range of "versatile forklift trucks.
North America Container Handling Equipment Market Drivers:
The increasing importance given to precaution for work in the production plant, the growing need for automation in different industries, and the growth of the e-commerce industry will continue to encourage North America container handling equipment market. Increased cross-country business activities in all geographic regions are expected to increase the transportation of raw materials, which in turn should boost demand for container-handling equipment in this area. Investments in maritime and logistics infrastructure constitute another important dynamic of influence. As previously mentioned, there is an increasing trend in container handling, which is expected to accelerate during the forecast period. With the growth of commercial water and air transportation between economies, the market for container-handling equipment is also growing. The container handling equipment is high-power equipment that varies from 140 to 550 kW. This equipment is employed in difficult working situations and has a perfect economic life of close to 10,000 to 20,000 hours or 5 years; It also needs continuous observation to attain the desired productivity. In monitoring equipment performance, there has been a big change with the adoption of different technologies. By increasing the automation level of this equipment, safety issues have been resolved, providing additional benefits such as real-time information on engine performance, fuel economy, and pressure. tires, air conditioning, and maintenance and services. This achieves optimum performance and is also useful in fleet management.
The increasing emphasis on cabin comfort and ever-changing emissions standards are forcing OEMs to upgrade their products, steadily driving up costs even further. Therefore, the higher cost of container handling equipment could hamper the growth of this regional market.
Innovations and advancements have played an important role in giving the cargo handling industry a new face. The latest container handling equipment involves modern techniques, like touchscreen devices, cameras, artificial intelligence technology, and so many sensors, to enhance yield and procedures. Nevertheless, these technologies have also escalated the difficulty of this equipment. In addition, continuous R&D efforts have resulted in highly advanced products capable of handling multiple tasks. These machines include complex mechatronic systems that require specialized manufacturing and assembly processes. All stages of the design, production, and distribution of this equipment require large investments, which is reflected in the cost of the machines available to customers.
Container handling equipment automation is a key global trend that requires the installation of various systems and technologies to handle the increased flow of containers at port terminals. The lack of critical information due to the lack of standardization and interoperability metrics between equipment installed by different manufacturers can delay the flow of information, resulting in a delay in decision-making. However, some large manufacturers are working to develop a system that works on the same platform to achieve high efficiency and allow a faster and more reliable exchange of key information. Therefore, the synchronization of multiple technologies, communication interfaces, protocols and platforms for better data transmission is a major concern that will need to be overcome during the forecast period.
Electric container handling equipment is expected to grow at the fastest rate during the forecast period. Equipment such as RMG, ASC, and ground cranes are offered in a fully electric variant for the container handling application. Moreover, the RTG and straddle carriers are also available with diesel and hybrid variants in the electric version.
<10 Tons
10-40 Tons
41-70 Tons
71-100 Tons
The 41-70-ton segment is expected to have the largest market share during the forecast period. Most carriers, stacker cranes, and mobile port cranes met this tonnage capacity range.
The North America Container Handling Equipment market mainly includes the USA and Canada.
North America is likely to be the leading container handling equipment industry sector by value and volume over the forecast period. The location of various industry players in this well-established infrastructure of the region is the main reason for their position in the industry. The North America region is the third quickest developing market in the worldwide container handling equipment industry, followed by the region of Asia Pacific.
North America Container Handling Equipment Key Players:
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