The Global report on “Container Handling Equipment” delivering key insights and providing a competitive advantage to clients through a detailed report. The report also details the information about the global market status, growth rate, future trends, market drivers, challenges, opportunities and porter’s forces analysis with respect to these elements. An exclusive data offered in this report is collected by research and industry experts team.
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“The increase in cargo transportation and need for automation to handle increased cargo volumes is expected to drive the market for automated container handling equipment, while increased stringency in emission regulations shall drive the demand for electric and hybrid equipment.”
The container handling equipment market is projected to grow at a CAGR of 4.24%, during the forecast period, to reach a market size of USD 8.75 billion by 2025, from an estimated USD 6.28 billion in 2017. Increased focus on fleet-level emission reduction supported by rising stringency in emission norms and growing emphasis on port automation are the key drivers for this market. Alternatively, the high capital costs of container handling equipment and lack of synchronization among different equipment can hinder the growth of the market.
The 41–70 tons segment is projected to grow at the highest rate during the forecast period.
The 41–70 tons segment is estimated to be the fastest-growing market during the forecast period. According to the Port Equipment Manufacturers’ Association, of the total number of ship-to-shore cranes and rubber-tired gantry cranes sold in 2015, around 79.3% and 64.2%, respectively, were in the 41–70 ton range. Also, other equipment types such as straddle carriers, reach stackers, and mobile harbor cranes are offered in this tonnage capacity range. Growing containerized traffic in this capacity range at key port terminals is expected to drive the 41–70 tons container handling equipment market.
The >10 liter segment is estimated to hold the largest share of the container handling equipment market, by engine capacity.
Equipment such as mobile harbor cranes, laden forklift trucks, straddle carriers and reach stackers are used to stack laden containers. This equipment is used for extended periods under harsh conditions and therefore requires powerful and efficient engines that deliver optimum performance with minimal maintenance. The demand for higher capacity engines is greater in Asia Pacific, Europe, and the Middle East due to the increased container throughput in these regions. The port terminals in countries such as China, Singapore, Germany, South Korea, and the UAE handle around ~15–35 million TEUs every year and which will increase in the future. Hence, to cater to the increased demand, these port terminals require equipment with powerful engines for smooth and reliable operation.
Asia Pacific: The largest and fastest-growing container handling equipment market from 2017 to 2025.
The market in Asia Pacific is expected to lead the container handling equipment market, in terms of value, during the forecast period. Countries such as China, Japan, Singapore, South Korea, and India are the key markets for such equipment. As per the World Shipping Council, of the top 10 container port terminals in terms of maximum volume in 2015, 7 are located in China with a capacity of around 130.2 million TEUs annually, followed by Singapore, South Korea,andthe UAE. Furthermore, the ports of Shanghai (China), Singapore, Shenzhen (China), Hong Kong, S.A.R.(China), and Busan (South Korea) handle more than 19 million TEU annually. Additionally, the small and medium ports in countries such as India, Thailand, and Malaysia offer potential for the growth of this market.
Breakdown Of Primaries
The study contains insights provided by various industry experts, ranging from equipment manufacturers, shipping authorities, and distributors.
The break-up of the primaries is as follows:
- By Company Type: Equipment Manufacturers- 52%,Shipping Authorities- 26%, and Distributors- 22%
- By Designation: C-level- 55%, D-Level- 38%, and Others-7%
- By Region: Americas- 42%, Europe- 37%, and Asia Pacific- 21%
The report provides detailed profiles of the following companies:
- Kalmar (Finland)
- Konecranes (Finland)
- Liebherr (Switzerland)
- Hyster (US)
- ZPMC (China)
- Lonking (China)
- Anhui Heli (China)
- CVS Ferrari (Italy)
- Hoist Liftruck (US)
The primary objective of the study is to define, describe, and forecast the container handling equipment market by equipment type, tonnage capacity, propulsion type,engine capacity, power output, and region. It analyzes the opportunities offered by various segments of the market to stakeholders. It tracks and analyzes the competitive developments such as market share analysis, expansions, joint ventures, acquisitions, and other industrial activities carried out by key industry participants.
Reasons to Buy this Report
- The study provides qualitative and quantitative analyses of the various equipment types represented in terms of volume (units) and value (USD million)while all other segments are represented in terms of volume (units).
- The 10 key companies that have a significant impact on the market have been profiled along with their financial structures, recent developments, and product portfolios.
- The report covers the competitive landscape, which reflects the market share analysis of leading players along with the dominant strategies adopted by these stakeholders to retain their positions.
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