Container Handling Equipment
Container Handling Equipment Market Forecasts to 2030 - Global Analysis By Equipment Type (Forklift Truck, Mobile Harbor Crane, Stacking Crane, Rubber-Tired Gantry Crane, Straddle Carriers, Terminal Tractors, Automated Guided Vehicles, Conveyor System and Other Equipment Types), Propulsion Type, Lifting Capacity, Application, End User and By Geography
According to Stratistics MRC, the Global Container Handling Equipment Market is accounted for $9.0 billion in 2023 and is expected to reach $13.7 billion by 2030 growing at a CAGR of 6.2% during the forecast period. Container handling equipment includes ship-to-shore cranes for loading/unloading ships, rail-mounted gantry cranes for yard operations, straddle carriers, and reach stackers for container stacking and transportation. Forklifts, top loaders, and automated guided vehicles assist in efficient container movement within terminals. Container trailers, chassis, and terminal tractors handle overland transport. These machines play a vital role in optimizing port operations, reducing ship turnaround times, and enhancing overall supply chain efficiency.
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Market Dynamics:
Driver:
Increasing global trade volume
As international trade expands, ports and logistics hubs experience heightened activity, necessitating advanced equipment for efficient container handling. Rising trade volumes amplify the demand for cranes, straddle carriers, forklifts, and automated solutions to manage and transport containers swiftly. This surge in demand prompts investments in modernization and expansion projects, fostering the growth of the container handling equipment sector.
Restraint:
High capital cost
The substantial initial investment required for purchasing and maintaining container handling machinery can deter potential buyers, particularly smaller ports or terminals. This financial barrier may hinder the adoption of modern and efficient equipment, leading to outdated infrastructure and reduced competitiveness. The reluctance to invest in expensive machinery could impede technological advancements and hinder the industry's ability to meet evolving demands for faster and more automated container handling solutions.
Opportunity:
Growing port automation
Increasing adoption of automated systems, such as robotic cranes and automated guided vehicles (AGVs), enhances operational efficiency, reduces labour costs, and minimizes human error. This trend drives the demand for advanced, technology-driven container handling equipment. Ports and terminals worldwide are investing in smart technologies to optimize cargo handling, improve safety, and ensure faster turnaround times. The push towards automation reflects the industry's commitment to innovation, providing opportunities for manufacturers to develop and supply cutting-edge container handling solutions
Threat:
Skilled labour shortage
With a scarcity of trained personnel, the operation, maintenance, and repair of sophisticated equipment become challenging. This leads to increased downtime, higher maintenance costs, and potential safety concerns. The shortage may hinder the adoption of advanced technologies, such as automation, as skilled workers are crucial for their effective implementation. Ultimately, the lack of skilled labour can impede the industry's ability to keep up with growing demands, hampering the overall performance and growth of the container handling equipment market
Covid-19 Impact
Supply chain disruptions, reduced trade volumes, and operational challenges in ports and terminals have slowed demand for new equipment. Lockdowns and restrictions led to delays in infrastructure projects, affecting the purchase and deployment of container handling machinery. However, increased e-commerce activities and the subsequent surge in containerized shipments have prompted a gradual recovery. The industry is adapting to the new normal by focusing on automation and digitalization to enhance operational resilience. The pandemic underscored the importance of agile and technologically advanced container handling solutions in the face of unforeseen disruptions.
The forklift truck segment is expected to be the largest during the forecast period
The forklift truck segment is estimated to have a lucrative growth, due to fostering efficiency in container movement within ports and terminals. Forklifts play a crucial role in loading and unloading containers from ships, stacking them in yards, and facilitating seamless transportation. Their versatility and adaptability contribute to streamlined operations, reducing turnaround times and enhancing overall productivity. As the demand for rapid and efficient cargo handling grows, forklift trucks continue to be indispensable in the region's container handling ecosystem.
The hybrid segment is expected to have the highest CAGR during the forecast period
The hybrid segment is anticipated to witness the highest CAGR growth during the forecast period, because this transition enhances operational efficiency, reduces emissions, and lowers operational costs. Hybrid solutions, integrating diesel engines with electric systems or advanced energy storage, offer versatility and sustainability. They contribute to environmental goals, comply with stringent regulations, and provide cost-effective long-term solutions. As the market embraces hybrid technologies, it not only addresses ecological concerns but also aligns with the growing demand for energy-efficient and environmentally friendly solutions in the container handling sector, fostering a more sustainable and resilient logistics ecosystem.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the rapid industrialization and expanding logistics industry are driving rising demand for container handling equipment. Ports such as port of Shanghai in China, which has experienced exponential growth in container handling has implemented automated cranes, robotic systems, and advanced tracking technologies to enhance efficiency and reduce turnaround times. These advancements have helped Shanghai maintain its position as a key gateway for international trade.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to key players offering a diverse range of container handling solutions, including cranes, straddle carriers, and forklifts, the market experiences sustained growth. Innovations, such as automated systems and electrification, enhance operational efficiency. Major ports and terminals in the United States and Canada heavily invest in modernizing their container handling infrastructure, reflecting the industry's commitment to meeting increasing demands and optimizing supply chain logistics.
Key players in the market
Some of the key players in the Container Handling Equipment Market include Ambergate Invest Sverige AB, Anhui Heli, Cargotec Corporation, China Communications Construction Company, Ltd., CVS Ferrari, Hoist Liftruck, Hyster-Yale Materials Handling, Hyundai Heavy Industries Co., Ltd., Kalmar, Konecranes, Liebherr, Linde Material Handling GmbH, PALFINGER AG, Sany, Tadano Ltd., Taylor Machine Works, Inc, Terex Corporation , Toyota Industries Corporation and ZPMC
Key Developments:
In January 2024, Sony Corporation announced development of an immersive spatial content creation system, which includes an XR head-mounted display equipped with high-quality 4K OLED Microdisplays*2.
In December 2024, CVS FERRARI signs a new distribution agreement with CLS for products and services in Italy. According to the agreement CLS will be distributing the CVS products and associated services in the territory of Italy.
In November 2023, Taylor Group of Louisville, Mississippi, announces the acquisition of eighty-five percent of the shares of CVS Ferrari (CVS) from NEIP III and BP. The mission of the Taylor Group (Taylor) has been to provide customers with the highest quality products worldwide and back them up with the most responsive after-market service organization available.
Equipment Types Covered:
• Forklift Truck
• Mobile Harbor Crane
• Stacking Crane
• Rubber-Tired Gantry Crane
• Straddle Carriers
• Terminal Tractors
• Automated Guided Vehicles
• Conveyor System
• Other Equipment Types
Propulsion Types Covered:
• Diesel
• Electric
• Hybrid
• LNG-Powered
• Other Propulsion Types
Lifting Capacities Covered:
• Less than 50 ton
• 50-100 ton
• More than 100 ton
Applications Covered:
• Rail Cargo
• Air Load
• Marine Cargo
• Other Applications
End Users Covered:
• Ports & Terminals
• Shipping Industry
• Logistics
• Airports
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Container Handling Equipment Market, By Equipment Type
5.1 Introduction
5.2 Forklift Truck
5.3 Mobile Harbor Crane
5.4 Stacking Crane
5.5 Rubber-Tired Gantry Crane
5.6 Straddle Carriers
5.7 Terminal Tractors
5.8 Automated Guided Vehicles
5.9 Conveyor System
5.10 Other Equipment Types
6 Global Container Handling Equipment Market, By Propulsion Type
6.1 Introduction
6.2 Diesel
6.3 Electric
6.4 Hybrid
6.5 LNG-Powered
6.6 Other Propulsion Types
7 Global Container Handling Equipment Market, By Lifting Capacity
7.1 Introduction
7.2 Less than 50 ton
7.3 50-100 ton
7.4 More than 100 ton
8 Global Container Handling Equipment Market, By Application
8.1 Introduction
8.2 Rail Cargo
8.3 Air Load
8.4 Marine Cargo
8.5 Other Applications
9 Global Container Handling Equipment Market, By End User
9.1 Introduction
9.2 Ports & Terminals
9.3 Shipping Industry
9.4 Logistics
9.5 Airports
9.6 Other End Users
10 Global Container Handling Equipment Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Ambergate Invest Sverige AB
12.2 Anhui Heli
12.3 Cargotec Corporation
12.4 China Communications Construction Company, Ltd.
12.5 CVS Ferrari
12.6 Hoist Liftruck
12.7 Hyster-Yale Materials Handling
12.8 Hyundai Heavy Industries Co., Ltd.
12.9 Kalmar
12.10 Konecranes
12.11 Liebherr
12.12 Linde Material Handling GmbH
12.13 PALFINGER AG
12.14 Sany
12.15 Tadano Ltd.
12.16 Taylor Machine Works, Inc
12.17 Terex Corporation
12.18 Toyota Industries Corporation
12.19 ZPMC
List of Tables
1 Global Container Handling Equipment Market Outlook, By Region (2021-2030) ($MN)
2 Global Container Handling Equipment Market Outlook, By Equipment Type (2021-2030) ($MN)
3 Global Container Handling Equipment Market Outlook, By Forklift Truck. (2021-2030) ($MN)
4 Global Container Handling Equipment Market Outlook, By Mobile Harbor Crane (2021-2030) ($MN)
5 Global Container Handling Equipment Market Outlook, By Stacking Crane (2021-2030) ($MN)
6 Global Container Handling Equipment Market Outlook, By Rubber-Tired Gantry Crane (2021-2030) ($MN)
7 Global Container Handling Equipment Market Outlook, By Straddle Carriers (2021-2030) ($MN)
8 Global Container Handling Equipment Market Outlook, By Terminal Tractors (2021-2030) ($MN)
9 Global Container Handling Equipment Market Outlook, By Automated Guided Vehicles (2021-2030) ($MN)
10 Global Container Handling Equipment Market Outlook, By Conveyor System (2021-2030) ($MN)
11 Global Container Handling Equipment Market Outlook, By Other Equipment Types (2021-2030) ($MN)
12 Global Container Handling Equipment Market Outlook, By Propulsion Type (2021-2030) ($MN)
13 Global Container Handling Equipment Market Outlook, By Diesel (2021-2030) ($MN)
14 Global Container Handling Equipment Market Outlook, By Electric (2021-2030) ($MN)
15 Global Container Handling Equipment Market Outlook, By Hybrid (2021-2030) ($MN)
16 Global Container Handling Equipment Market Outlook, By LNG-Powered (2021-2030) ($MN)
17 Global Container Handling Equipment Market Outlook, By Other Propulsion Types (2021-2030) ($MN)
18 Global Container Handling Equipment Market Outlook, By Lifting Capacity (2021-2030) ($MN)
19 Global Container Handling Equipment Market Outlook, By Less than 50 ton (2021-2030) ($MN)
20 Global Container Handling Equipment Market Outlook, By 50-100 ton (2021-2030) ($MN)
21 Global Container Handling Equipment Market Outlook, By More than 100 ton (2021-2030) ($MN)
22 Global Container Handling Equipment Market Outlook, By Application (2021-2030) ($MN)
23 Global Container Handling Equipment Market Outlook, By Rail Cargo (2021-2030) ($MN)
24 Global Container Handling Equipment Market Outlook, By Air Load (2021-2030) ($MN)
25 Global Container Handling Equipment Market Outlook, By Marine Cargo (2021-2030) ($MN)
26 Global Container Handling Equipment Market Outlook, By Other Applications (2021-2030) ($MN)
27 Global Container Handling Equipment Market Outlook, By End User (2021-2030) ($MN)
28 Global Container Handling Equipment Market Outlook, By Ports & Terminals (2021-2030) ($MN)
29 Global Container Handling Equipment Market Outlook, By Shipping Industry (2021-2030) ($MN)
30 Global Container Handling Equipment Market Outlook, By Logistics (2021-2030) ($MN)
31 Global Container Handling Equipment Market Outlook, By Airports (2021-2030) ($MN)
32 Global Container Handling Equipment Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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