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

Attribute	Details
Forecast Period	2021-2031
Historical Data Available for	2016-2020
Market Analysis	US$ Mn for Value & ‘000 Units for Volume
Key Regions Covered	North America Latin America Europe East Asia South Asia Oceania Middle East & Africa
Key Market Segments Covered	U.S Canada Brazil Mexico Germany UK Spain France Italy Russia India China Japan South Korea Australia New Zealand GCC South Africa
Key Market Segments Covered	Equipment Type Propulsion Type Region
Key Companies Profiled	Liebherr Hyster-Yale Materials Handling Inc. Cargotec Corp Konecranes SANY Kalmar
Customization & Pricing	Available upon Request

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