Container Handling Equipment Market

Market Snapshot

Fact.MR, a market research and intelligence provider, states that the container handlining equipment market is expected to surpass a CAGR of 4.2% over the assessment period 2021-2031. Sales surpassed a value of US$ 1.5 Bn in 2020.

Stringent carbon emissions regulations are spurring sales of electric/hybrid container handling equipment. In addition, strong demand from Asia Pacific and the Middle East is impacting growth positively. A revenue of US$ 2 Bn is projected until 2031.

Key Points Covered in Container Handling Equipment Industry Analysis

• Market estimates and forecast 2016-2031
• Key drivers and restraints impacting market growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on Container Handling Equipment Market and How to Navigate
• Recommendation on Key Winning Strategies

Container Handling Equipment Historical Trends 2016-2020 in Comparison to Future Outlook 2021-2031

According to Fact.MR’s report, from 2016 and 2020, the container handling equipment registered a market value around US$ 1.5 Bn in 2020, expanding at around 4% CAGR.

The growing market for transportation has demanded container handling equipment. In addition, governments across the globes are focusing on reducing emissions. Thus, manufacturers of container handling equipment are providing machinery that works on electric power.

This, in turn, has modernized the market for container handling equipment. Thus, the container handling equipment market is expected to surpass a CAGR of 4.2% between 2021-2031.

How are Hybrid Variants Driving Container Handling Equipment Sales?

Increasing maritime activities across the globe have created considerable opportunities for container handling equipment sales. Owing to enhanced awareness about pollution, market players have introduced electric and hybrid equipment.

Rising government initiatives to lower carbon emissions are prompting enforcement of strict standards, prompting equipment manufacturers and industries to revisit emission standards and deploy electric or hybrid handling equipment on a large-scale basis.

Why is Electric Equipment Gaining Popularity?

The higher demand for electric units is due to their multiple benefits such as, 100% emission free and noiseless operations. Manufacturers are tapping into the widening prospects of automation, which is expected to provide traction to the container handling equipment demand worldwide.

Furthermore, extensive maritime logistics infrastructure developed spurred by burgeoning international trade remains an influential factor in pushing the adoption of electric container handling equipment across the globe.

How are Various Sectors Influencing Growth of Container Handling Equipment?

Electronics manufacturing, mining, energy and various other sectors rely heavily on the shipping industry in order to ensure a steady supply of raw materials and end products. Bulk commodities account for over an 80% share in global seaborne trade. Increased speed, safety and reliability of containerization influences companies to innovate new technologies for container handling equipment.

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

In recent years, owing to the development of a robust safety culture and continuously changing regulations, the maritime safety has increased. Diminishing numbers of 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.

What are the Key Strategies of Container Handling Equipment Players?

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 saving can be achieved along with long term strategic advantages.

During the forecast period, the global market for container handling equipment is estimated to grow as competition increases. With the help of strategic developments, such as acquisitions, collaborations and mergers, the manufacturers in container handling equipment are anticipated to enhance their business portfolios.

How is Research and Development Aiding Market Expansion?

Key market players are extensively investing in R&D to fulfil customer requirements. Across the globe, the market for container handling equipment is fragmented. The market has significant competition. To remain in sync with demand, manufacturers are launching new products.

In order to strengthen their position as technology leaders, investment in research and development activities an important strategy. In addition, to enhance global presence, companies ensure that their products are available in all the regions across the globe.

Key market players offer container handling equipment under different categories such as forklift trucks, automated stacking cranes, reach stackers, terminal tractors, rail mounted gantry cranes, automated guided vehicles, rubber tired gantry cranes, straddle carriers, ship to shore cranes, standard duty cranes, heavy duty cranes and bulk material unloaders, etc.

How is Growing PPP Triggering Growth for Container Handling Equipment Industry?

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.

As a result, some countries are adopting Public Private Partnerships (PPP). This trend is overt across developing countries and some developed nations due to the high initial investment associated with the development of terminals.

This, combined with different companies focusing on production enhancement, has fuelled the growth of the container leasing sector, which in turn has supported the growth of container handling equipment market during the forecast period.

How is Reduction in Oil Prices Boosting Sales in the Container Handling Equipment Industry?

Worldwide decrease in oil prices is anticipated to support the shipping industry, in turn pushing the demand for container handling equipment.

That said, the production of fuel is expected to rise in the coming years, covering new opportunities of growth for container handling equipment. For instance, the US EIA (Energy Information Administration) estimated that the production of fuel is anticipated to touch 10.7 million barrels per day, the highest production registered in US history.

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

Country-wise Analysis

Why are East and South Asia Attracting Container Handling Equipment Manufacturers?

Due to the presence of a huge population in developing countries like China and India in the Asian region, the export and import business is increasing significantly which plays an important role to drive the container handling equipment market.

In addition, the growing seaborne trade in Asian countries also provides ample opportunities for growth of container handling equipment.

The market for container handling equipment in regions such as East Asia and South Asia combined with Oceania is estimated to increase at a significant value CAGR of around 5.0% and 5.1% respectively and will represent a total incremental opportunity of about US$ 176.5Mn and US$ 280 Mn respectively in terms of value during the forecast period.

What Growth Prospects Abound across the U.S and Europe Market?

The increasing port activities will also increase revenues for the European shipping sector. U.K is considered to be a major market for container handling equipment, accounting for nearly 1/5th of global demand.

On other side, the North American container handling equipment market, includes country wise analysis for countries like U.S., and Canada. The U.S. container handling equipment market is expected to grow at a CAGR of around 2.4% by value over the forecast period.

Category-wise Insights

Why are Electric Container Handling Equipment Gaining Popularity?

Focus towards sustainable options in container handling equipment is driving the demand for electric equipment. Manufacturers of container handling equipment are researching and developing equipment that would reduce emissions.

In addition, electric and hybrid equipment offer flexibility and efficiency. Thus, electric container handling equipment is anticipated to witness growth in the assessment period. A CAGR of 4% is projected for this segment.

Competitive Landscape

Key companies in the container handling equipment are focusing on developing electric and hybrid equipment that do not harm the environment.

• For example, in the year 2019, one of the prominent container handling equipment market players and Finnish lifting solutions provider Konecranes acquired one of largest crane service companies in Italy, Italian Trevolution Service SRL, specializing in crane modernizations, repairs, maintenance, spare parts and hoists, and components.

Report Scope

Key Segments Covered

• By Equipment Type

  • Container Handling Forklift Trucks
  • Container Handling Automated Stacking Cranes
  • Container Handling Reach Stackers
  • Container Handling Terminal Tractors
  • Container Handling Straddle Carriers
  • Container Handling Rail Mounted Gantry Cranes
  • Container Handling Automated Guided Vehicles
  • Container Handling Rubber Tired Gantry Cranes

• By Propulsion Type

  • Electric/Hybrid Container Handling Equipment
  • Diesel Container Handling Equipment

Container Handling Equipment Market- Scope of Report

A recent study by Fact.MR on the container handling equipment market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering container handling equipment.

The study also provides the dynamics responsible for influencing the future status of the container handling equipment market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the container handling equipment market, along with their product portfolios, enhances the reliability of this comprehensive research study.

Report Summary

The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of container handling equipment across the globe.

A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of container handling equipment during the forecast period. Price point comparison by region with global average price is also considered in the study.

Key Questions Answered in Report

• Which are the most lucrative container handling equipment markets?
• Which factors will impact the growth of container handling equipment?
• How will changing trends impact the strategies of market players?
• How can market players capture the low-hanging opportunities across regions?
• Which companies are leading the container handling equipment industry?
• What are the winning strategies of stakeholders in the market?

Analysis on Market Size Evaluation

The market has been analyzed for each segment in terms of volume (‘000 Units) and value (US$ Mn).

Estimates at global and regional levels for container handling equipment are available in terms of “US$ Mn” for value and in “‘000 Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global container handling equipment market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the container handling equipment during the forecast period.

Country-specific valuation on demand for container handling equipment has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value & volume for emerging countries has also been included in the report.

In-depth Analysis on Competition Analysis

The report sheds light on leading manufacturers of container handling equipment, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering container handling equipment has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the container handling equipment domain.

Research Methodology

In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the container handling equipment industry, and reach conclusions on the future growth parameters. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.

Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.