Container Handling Equipment Market

Container Handling Equipment Market Study by Forklift Trucks, Automated Stacking Cranes, Reach Stackers, Terminal Tractors, Straddle Carriers, Rail-mounted Gantry Cranes, and Others from 2023 to 2033

Analysis of Container Handling Equipment Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Container Handling Equipment Market Outlook (2023 to 2033)

The global container handling equipment market is forecasted to increase from a valuation of US$ 1.77 billion in 2023 to US$ 2.68 billion by 2033. Fact.MR has predicted worldwide sales of container handling equipment to increase at a CAGR of 4.2% between 2023 and 2033.

Container handling equipment ensures that the right containers are precisely provided for quick order processing. Automatic container handling guarantees quick and efficient material flow and significantly boosts output.

In terminals, containers are moved from one place to another using container handling equipment. It is used to effectively and securely manage vessel berthing, container inbound unloading, container outbound loading, and storage yards. Container handling equipment has a wide range of uses in several sectors due to its many advantages, including durability, lifespan, and increased productivity.

Trade volume is anticipated to increase substantially over the coming years due to increased globalization and industrialization activities. This will necessitate additional equipment to manage containers, which will fuel market expansion. Global economic growth in recent decades has been characterized by the rapid expansion of international trade and the rising need for product transportation.

  • Diesel-powered container handling equipment is gaining popularity due to effective power supply, low fuel prices, and inadequate/insufficient electric infrastructure at small and medium ports.
  • At present, diesel-powered container handling equipment accounts for 76% share of the global market.

Growing transportation market has demanded container handling equipment. In addition, governments across the globe are focusing on reducing emissions. Thus, manufacturers of container handling equipment are providing machinery that works on electric power. Rise in worldwide import-export activities is driving up demand for container handling equipment. Forklift trucks and terminal tractors are the handling equipment that is most in demand.

The need for the transportation of goods is currently increasing as a result of the supply chains for food, car parts, electronics, flowers, vaccinations, and medical supplies. This is one of the main factors influencing the market, coupled with the rising logistics sector globally. Major market participants are heavily investing in R&D projects to create advanced container handling equipment, including reach stackers, gantry cranes, and terminal tractors with electric motors. This is accelerating market growth, along with global expansion of the e-Commerce sector.

Report Attributes Details

Container Handling Equipment Market Size (2023)

US$ 1.77 Billion

Forecasted Market Value (2033)

US$ 2.68 Billion

Global Market Growth Rate (2023 to 2033)

4.2% CAGR

Market Share of Forklift Trucks (2023)

39%

Germany Market Growth Rate (2023 to 2033)

4.5% CAGR

United Kingdom Market Growth Rate (2023 to 2033)

5.3% CAGR

India Market Value (2023)

US$ 157.9 Million

United States Market Growth Rate (2023 to 2033)

3.9% CAGR

Market Share of Diesel-powered Container Handling Equipment (2023)

76%

Key Companies Profiled

  • Liebherr
  • Cargotec Corp
  • Konecranes
  • SANY
  • Kalmar
  • Hyster-Yale Materials Handling Inc.
  • Terex Corporation
  • JBT Corporation
  • KION Group AG
  • Taylor Machine Works, Inc.
  • Combilift
  • Tadano Ltd.

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What is Paving the Way for Container Handling Equipment Manufacturers?

“Increasing Need for Steady Supply of Raw Materials in Several End-use Industries”

Electronics manufacturing, mining, energy, and various other sectors rely heavily on the shipping industry to ensure a steady supply of raw materials and end products. Increased speed, safety, and reliability of containerization influence companies to innovate new technologies for container handling equipment.

  • ZPMC, a leading Chinese manufacturer of marine cranes developed an AI straddle carrier, which can perform unmanned driving such as self-location & autonomous navigation. Container handling equipment continues to witness profitability across the world against the backdrop of increasing containerized trade worldwide.

In recent years, owing to the development of a robust safety culture and continuously changing regulations, maritime safety has increased. Diminishing total losses and incidents year-on-year is the effect of this improving safety culture of the marine industry, which is exhibiting a positive impact on the growth of container handling equipment demand.

“Growing Trend of Public-private Partnerships”

Maximum global trade is conducted via sea routes. Consequently, maritime transport has acquired tremendous importance in the past few years. This has attracted voluminous investments in port infrastructure.

Some countries are adopting public-private partnerships (PPP). This trend is overt across developing countries and some developed countries due to the high initial investment associated with the development of terminals. This, combined with different companies focusing on production enhancement, has fueled the growth of the container leasing sector, which in turn has supported the growth of the container handling equipment market during the forecast period.

“Reduction in Oil Prices Driving Sales of Container Handling Equipment”

Worldwide decrease in oil prices is anticipated to support the shipping industry, in turn pushing the global demand for container handling equipment. That said, the production of fuel is anticipated to rise over the coming years, covering new opportunities for market growth.

  • The United States Energy Information Administration estimated that the production of fuel is anticipated to touch US$ 10.7 million barrels per day.

Dependence of manufacturers in the shipping industry for the transportation of products is increasing. As a result, decreasing oil prices combined with a rising shipping industry are anticipated to fuel the demand for container handling equipment during the forecast period.

How is Demand Growth for Container Handling Equipment Being Restrained to Some Extent?

“High Capital Cost of Container Handling Equipment”

One of the key issues impeding market growth is the high capital cost of container handling equipment. Other factors that are anticipated to restrain the growth of the global container handling equipment market over the projected period include high maintenance costs and issues with equipment downtime affecting productivity.

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What are the Key Strategies of Start-ups to Gain a Prominent Share in This Industry?

“New Companies Focusing on Introducing Electric and Hybrid Equipment”

Increasing maritime activities across the globe have created considerable opportunities for container handling equipment sales. Owing to enhanced awareness about pollution, new entrants should focus on introducing electric and hybrid equipment to reduce the environmental impact

Rising government initiatives to lower carbon emissions are prompting enforcement of strict standards, prompting aspiring market players to revisit emission standards and deploy electric or hybrid handling equipment on a large-scale basis. They should invest in R&D to fulfil customer requirements.

Container Handling Equipment Market Size, Share, Trends, Growth, Demand and Sales Forecast Report by Fact.MR

Country-wise Insights

Why are Producers of Container Handling Equipment Investing in the United States?

“Rising Infrastructure Spending by Regional Authorities to Upgrade Port Terminals”

  • The market in the United States is forecasted to reach US$ 650.5 million by 2033.

Surging government initiatives to promote the development of electric vehicles and the existence of well-developed EV infrastructure facilities are driving the demand for electric container handling equipment in the United States. Market growth in the United States is attributed to the rising infrastructure spending by regional authorities to upgrade port terminals. The increasing need for reliable and durable container handling equipment and the rapid growth of the e-Commerce sector are the main drivers of market expansion.

How are Sales of Container Handling Equipment Shaping Up in the United Kingdom?

“Market Players Benefiting from Presence of Major Shipping Ports and Terminals

  • Adoption of container handling equipment in the United Kingdom is valued at US$ 78.1 million in 2023.

Presence of the major shipping ports and terminals is supporting market growth in the United Kingdom. Growing investments in port development projects by key market players are also boosting market value in the country. A few of the key variables propelling market expansion are the high production of container handling equipment and the expansion of international trade.

What is Driving Container Handling Equipment Demand in China?

“Growing Export and Import Activities for Comfort & Leisure Commodities”

  • Sales of container handling equipment in China are set to increase at a CAGR of 4.9% through 2033.

Growing export and import activities for comfort & leisure commodities and the presence of a huge population are the key factors driving market expansion in China. In addition, the growing seaborne trade in the country also provides ample opportunities for container handling equipment suppliers.

Many businesses choose to produce their goods in China and then export them to the appropriate locations because of low labor and raw material costs. As a result, China is now the top exporter in the world.

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Category-wise Insights

Why is the Popularity of Forklift Trucks Increasing Globally?

“Booming e-Commerce, Retail, and Logistics Industries Driving Demand for Forklift Trucks

Based on equipment type, the market is classified into forklift trucks, automated stacking cranes, reach stackers, terminal tractors, straddle carriers, rail-mounted gantry cranes, automated guided vehicles, and rubber-tired gantry cranes.

  • Demand for forklift trucks is projected to increase at a CAGR of 4.7% over the next ten years.

The need for forklift trucks across many industries is driven by the expanding global economy and increasing industrialization. The variety of applications and uses in several end-use industries has led to a growth in the use of forklifts.

Sales of forklift trucks are increased by the booming e-Commerce, retail, and logistics industries. The growth in forklift truck usage is attributed to the high level of activity in the transportation and storage, food and beverage, retail and wholesale distribution, and business sectors.

Competitive Landscape

New alliances between shipping lines are affecting container traffic flows and setting new efficiency standards for port operators. By delivering synergistic mergers between two container shipping lines, cost savings can be achieved along with long-term strategic advantages.

Leading companies ensure that their products are available in all regions across the globe to enhance global presence. With the help of strategic developments, such as acquisitions, new developments, quality control, and product standards, top container handling equipment manufacturers are anticipated to enhance their business portfolios.

For instance :

  • In 2019, one of the leading crane service providers in Italy, Italian Trevolution Service SRL, which specialized in crane modernizations, repairs, maintenance, spare parts, and hoists, was acquired by Konecranes, a leading player in the container handling equipment market and a Finnish provider of lifting solutions.

Key Segments of Container Handling Equipment Industry Research

  • By Equipment Type :

    • Forklift Trucks
    • Automated Stacking Cranes
    • Reach Stackers
    • Terminal Tractors
    • Straddle Carriers
    • Rail-mounted Gantry Cranes
    • Automated Guided Vehicles
    • Rubber-tired Gantry Cranes
  • By Propulsion :

    • Electric/Hybrid
    • Diesel
  • By Weight Capacity :

    • Below 30 T
    • 30 to 45 T
    • 46 to 60 T
    • 61 to 75 T
    • Above 75 T
  • By Application :

    • Sea Ports/Terminals
    • Yards/Landsides
  • By Region :

    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

- FAQs -

How big is the container handling equipment market at present?

The global container handling equipment market stands at a value of US$ 1.77 billion in 2023.

What is the forecasted size of the market for container handling equipment by 2033?

Sales of container handling equipment are forecasted to reach US$ 2.68 billion by 2033.

What is the estimated growth rate of the market for container handling equipment?

Container handling equipment demand is set to increase at a CAGR of 4.2% through 2033.

What is the value of the container handling equipment market in Germany?

In 2023, the market in Germany has been valued at US$ 122.4 million.

What is the projected value of the market in India for 2033?

The market in India is predicted to reach US$ 246.3 million by 2033.

Container Handling Equipment Market