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Global Container Handling Equipment Market- By Tonnage (<10 tons, 10-40 tons, 41-70 tons, and 71-100 tons), By Propulsion (Diesel, Electric, and Hybrid), By Power Output (<150kw, 150-200kw, 201-300kw, >300kw), By Equipment (Automatic stacking cranes, Empty container handling FLT, Ship to shore cranes, Mobile harbor cranes, Laden Forklift trucks, RMG, RTG, Straddle carriers, Reach stackers, and Terminal tractors), and Regional Analysis (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) and – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast (2023 – 2028)

Published: March, 2023
ID: 8172
Pages: 175
Formats: report pdf report excel report power bi report ppt

Container Handling Equipment Market Size (2023-2028):

The Global container handling equipment market shares value is expected to grow at a CAGR of 4.24% during the forecast period 2023-2028 to reach USD 8910 million by 2028.

Market Overview:

Container handling equipment is used to store containerized goods and materials effectively in the operation of shipping ports and terminals. This equipment is designed in a specific way to store, move or protect the standardized containers and cargo. This equipment has changed the handling and transportation techniques in a positive way. Investors are planning to understand different types of equipment to improve their operational efficiency.

Drivers:

Adopting automation techniques in the ports:

The trend towards automation technology in ports is a major factor propelling the demand of the container handling equipment market. Growing demand from various industries such as automotive, petrochemicals, chemicals and materials, and others are adopting automation technology that is helping them to improve the efficiency of the trades. These companies have millions of trade exports and imports every year from different regions that are ascribed to boost the growth rate of the container handling equipment market. The growing demand for the transportation of goods in the Asia Pacific region is adding fuel to the growth rate of the market. The increasing volume of trade from the past few years is leveling the demand for the market as well. In addition, the rising economy in both developed and developing countries is boosting the growth rate of the market. 

 Increasing investments and the rising prevalence of containerized trade are lavishing the growth rate of the container-handling equipment market. The launch of innovative products using advanced technology is additionally enhancing the demand of the market. Constantly growing demand for containerized trade is accelerating the demand of the market.

Restraints:

High cost for installation

The penetration of advanced technology is bringing new aspects to the cargo handling industry. However, the new technologies adopted in this industry are facing a lot of challenges with the complexity of the machines. The cost of the installation and maintenance of the equipment is rising, which is acting as a big barrier to the growth rate of the container handling equipment market.

Stringent norms by the government authorities over trade are slowly restraining the demand of the market.

In addition, regularly changing norms for the upgradation of the products is degrading the demand of the container handling equipment market.

The productivity at the port terminals is reducing due to the lack of integration of the new technologies. The lack of integration is certainly a major challenging factor for the market players.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022 – 2028

Base Year

2022

Forecast Period

2023 - 2028

CAGR

4.24%

Segments Covered

By Propulsion Type, Power Output, Tonnage Capacity, Equipment Type and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Kalmar, Konecranes, Liebherr, Hyster, Sany and Others.

Opportunities:

The main advantage of container handling equipment is it can withstand harsh environmental conditions. This equipment has a power range of 140 to 550 kW, and its economic lifespan is around five years. Successful operation efficiency depends on the constant monitoring of the equipment. The constant monitoring of the equipment will lead to giving high production rate. With the adoption of advanced technology, various issues like safety and security have been solved. These changes in the equipment with the latest technology are setting up new opportunities for the market.

COVID-19 Impact on the Container Handling Equipment Market:

The COVID-19 pandemic disrupted the world economy in an unexpected way. With disruptions in the supply chain and lockdowns, the whole world faced various challenges. The container handling equipment market shares were completely reduced with the lockdown effect everywhere. However, many manufacturing companies focussed on developing various handling systems that surged the demand of the market in 2021. Increased support from the government authorities is creating new opportunities for a growth rate of the market. The Indian shipping ministry is planning to manufacture cranes to replace importing this equipment from other countries. Hence, the demand for the container handling equipment market has been growing enormously in past years.

Key developments in the market:

In 2021, Konecranes received an order of Konecranes Gottwald ESP.8 Mobile Crane from Terminal San Giorgio for its Terminal in Italy. In 2022, this crane got delivered, which is the very first generation 6 crane in Italy.

Container Handling Equipment Market Segmentation Analysis:

By Propulsion Type:

  • Diesel
  • Electric
  • Hybrid

The electric segment is witnessing the highest shares of the market in the past two years, whereas the hybrid segment is all set to hit the highest CAGR in the foreseen years. Growing prevalence of environmental safety measures, the demand for the electric segment is growing at a random rate. Launch of various equipment in electric variants such as RMG, ASC, and ship to shore are fuelling the demand for the electric container handling equipment market. Also, government initiatives are prompting the growth rate of the market to an extent.

 By Power Output:

  • <150 kW
  • 150-200 kW
  • 201-300 kW
  • >300 kW

 150-200kW segment is anticipated to have the largest shares of the market. Following stringent norms released by higher authorities in respective regions by key players and launching equipment favorable to the norms is ascribed to bolster the demand of the market eventually. >300kW segment is to have growth opportunities in the coming years.

 By Tonnage Capacity:

  • <10 Tons
  • 10-40 Tons
  • 41-70 Tons
  • 71-100 Tons

41-70 Tons segment is ruling the largest shares of the market. In emerging countries such as China, India, South Korea, and others, the large ports are handling more than 15 million TEU every year, which is inclined to show a positive impact on the growth rate of this segment. The increasing need for the storage of huge containers in ports is accelerating the demand of the market.

 By Equipment Type:

  • Automatic stacking cranes
  • Empty container handling FLT
  • Ship to shore cranes
  • Mobile harbor cranes
  • Laden Forklift trucks
  • RMG
  • RTG
  • Straddle carriers
  • Reach stackers
  • Terminal tractors

Ship to shore cranes segment is anticipated to lead the significant shares of the market. Following this segment, the automatic stacking cranes segment is accounted to have the largest shares, whereas the RMG segment is to have the highest CAGR by the end of 2028. The terminal tractors segment is esteemed to have huge growth opportunities during the forecast period.

By Region Analysis:

Asia Pacific container handling equipment market is projected to gain traction of the shares during 2023-2028. The growing economy in emerging countries and rising trade values are majorly contributing factors for the highest shares of the market in Asia Pacific. An increasing number of ports in China and the growing need to adopt new technological equipment in the terminals for easy handling are likely to surge the demand of the market in the future. Also, growing investment from both the public and private sectors is setting up new market value. Increasing traffic in the large port terminals is adding fuel to the market in the Asia Pacific.

North American container handling equipment is next in having the dominant shares owing to growing per capita income in developed countries like the US and Canada. Also, the growing number of players and rapid urbanization are the factors attributed to the increase in the shares of the market.

Europe region is to show up the highest growth rate during the forecast period 2023-2028. The increasing economy is a major growth factor in this region. Growing imports & export activities in major countries like UK, Italy, and Spain are lavishing the shares of the Europe container handling equipment market.

Key Players in the Market:

Major Key Players in the Global Container Handling Equipment Market are

  • Kalmar (Finland)
  • Konecranes (Finland)
  • Liebherr (Switzerland)
  • Hyster (US)
  • Sany (China)

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FAQ's

What is the major driving factor for the container handling equipment market?

Increasing prevalence of automation techniques in the port terminals is majorly driving the demand of the market.

What is the estimated CAGR of the market during the forecast period 2023-2028?

The market is estimated to register a CAGR of 4.24% during the forecast period.

Mention the top key players in the market.

Kalmar (Finland), Konecranes (Finland), Liebherr (Switzerland), Hyster (US), and Sany (China) are the top key players in the market.

What is the challenging factor for the market growth rate?

Lack of standardization is a major challenging factor for the market growth rate.

Which segment is leading in the market based on the tonnage capacity?

41-70 tons segment is leading with the highest shares of the market.

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