About the Report
The global port and material handling equipment vehicle market is expected to register a CAGR of around 5% over the 2021 to 2031 assessment period, mainly on the back of increasing port infrastructure development across geographies.
The global logistics and transportation sector has taken a turn for the better in recent years, characterized by the ever-widening scope of international and domestic trade. Consequently, effective management of key services such as warehousing and distribution have increased, paving the way for rising demand for port and material handling equipment vehicles.
According to Fact.MR, the market is slated to experience steady growth reaching nearly US$ 10 billion valuation by the end of the forecast period. The report tracks global sales in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the automotive domain in general, and demand for port and material handling equipment vehicles in particular.
How Do Historical and Future Projections Compare?
Historically, the port and material handling equipment vehicle market has performed relatively well amid the increasing volume of domestic and foreign trade which has led to the emergence of a strong shipping and logistics industry. However, a general slowdown in key industries since 2019 led to a contraction of demand.
Significant crunches were experienced in 2020 amid the COVID-19 pandemic crisis, with output across key industries falling below par. This led to a sluggish global trade outlook which limited deployment of material handling equipment for managing logistical services. However, growth has rebounded since late 2020 as the pandemic receded, promising a bright future outlook through 2021 and beyond.
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Why is a Surging Shipping Industry Proving Beneficial for Market Growth?
The global shipping industry has been experiencing lucrative growth in recent years, with liner shipping emerging at the forefront. Surging international trade volumes have primarily driven this growth. Consequently, logistical requirements to manage this heavy volume is increasing, providing room for port and material handling equipment market expansion.
Extensive development of ports have increased uptake of forklift trucks, automated transit vehicles, ship loaders, reach stacker, cranes and container lift trucks. These are deployed across a broad range of application areas, including container management, ship handling and warehouse storage managements.
Will Multilateral Trade Frameworks Fuel Expansion Prospects?
Growing import and export of goods and commodities through seaports due to different free-trade agreements, such has the Trans Pacific Strategic Economic Partnership (TPSEP), NAFTA, AFTA, and other initiatives have helped countries significantly strengthen their economies. This, in turn, is anticipated to boost the port and material handling equipment vehicle market.
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What are the Key Challenges Faced by Port and Material Handling Equipment Vehicle Manufacturers?
High initial investments and maintenance cost of port and material handling equipment vehicles are likely to pose a challenge for the port and material handling vehicle market across the globe. Many small-scale enterprises cannot afford such high-end equipment, thus restraining growth.
How is Effective Material Handling Demand Bolstering Uptake in the U.S.?
According to the US Department of Commerce and Bureau of Labor Statistics, material handling and logistics is one of America's largest and fastest growing industries. The consumption of material handling and logistics equipment and systems in America exceeds $156 billion per year, and producers employ in excess of 700,000 workers.
As key industries experience rapid automation, demand for managing these automated services is inclining the demand for port and material handling equipment vehicles throughout the US. Prominent manufacturers include Taylor Machine Works Inc., American Crane & Equipment Corporation, Crown Equipment Corporation, and Hyster-Yale Materials Handling Inc. among others.
Why is China Emerging as a Growth Hotspot for Port and Material Handling Equipment Vehicles?
China is experiencing a consistent incline in the adoption of these vehicles, amid increasing trade volumes in the global arena. According to the statistics released by China Ports and Harbors Association, export container volume increased 11.5%, while inland container volume increased 18.3%.
From January 11 to 20, 2021, container throughput at eight key ports increased 3.3% on a Y-o-Y basis, with growth rates at Tianjin, Qingdao, Shanghai, Ningbo Zhoushan and Xiamen ports exceeding 20%, according to the Association. Furthermore, foreign trade and exports in the first 10 months of 2020 accounted for 12.8% and 14.2% respectively, paving way for enhanced container handling operations.
Will India Be a Promising Market for Port and Material Handling Equipment Vehicles?
Surging maritime infrastructure spending is expected to bolster uptake of port and material handling equipment vehicles across India. Recently, in March 2021, the government announced an US$ 82 billion package to invest in the nation’s seaports. The Sagarmala Project, as it is known, consists of 574 projects which will be implemented through 2035.
An additional US$ 30 billion worth of investment opportunities for about 400 different projects. Hence, the demand for on-site operations management in terms of cargo handling and shipping are bound to increase, prompting the entry of numerous reputed material handling equipment vehicle service providers across the regional landscape.
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Why are Automated Stacking Cranes Surging in Popularity?
Demand for automated stacking cranes is expected to spike significantly in forthcoming years, amid its ability to maximize space efficiency and increased productivity and safety.
Players such as Kalmar Global are at the forefront in this regard. It offers the AutoShuttleTM automated stacking crane (ASC) which helps reduce footprint size to yield significant capital cost savings.
How is Container Handling Generation Growth Spaces for Port and Material Handling Equipment Vehicle Suppliers?
Ever increasing trade volumes - domestic and international - are pivoting demand for port and material handling equipment vehicles for container handling operations. The total container throughput of 50 major cargo ports in the world increased by 3.5% year-over-year.
Player such as Hyster® Forklift Company offer a wide range of container handling equipment vehicles. The company’s Laden Container Handlers deliver unparalleled first row box-rates, with a carrying capacity of 40 to 52 thousand kilograms, and is highly energy efficient.
Will Battery- / Electric-propelled Vehicles Shift the Demand Landscape?
By propulsion, while diesel and gasoline propelled vehicles shall remain popular, demand for electric/battery driven vehicles is expected to incline significantly in the future.
Rising concerns over excessive fuel consumption and its purported adverse environmental impact is tilting preference towards more sustainable and eco-friendly alternatives, thus spurring demand.
Some major developments concerning prominent market players are as follows:
- ABB Group announced a CHF 40 million investment in September 2020 to expand its R&D facilities and office space for its Motion and Industrial Automation Business Areas in Aragu, Switzerland
- In November 2018, Anhui Heli introduced its lithium battery forklift in the Czech Republic, making it the first of its kind to be launched across Europe, deployed across multiple industries
*This list is indicative- full details about prominent players are available upon request.
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Historical Data Available for
US$ Mn for Value & ‘000 Units for Volume
Key Regions Covered
Key Countries Covered
Key Segments Covered
Key Companies Profiled
Customization & Pricing
Key Market Segments Covered
- Rubber-tired Gantry (RTG) Cranes
- Electrified Rubber-tired Gantry (E-RTG) Cranes
- Ship-to-share Cranes
- Yard Cranes
- Rail-mounted Gantry (RMG) Cranes
- Automated Stacking Cranes
- Ship Loaders
- Reach Stackers
- Mooring Systems
- Automated Guided Vehicles
- Forklift Trucks
- Container Lift Trucks
- Terminal Tractors
- Straddle Carriers
- Container Handling
- Ship Handling
- Storage Handling
- Automated Storage Handling
- Bulk Material Handling
- Diesel Port and Material Handling Equipment Vehicles
- Gasoline Port and Material Handling Equipment Vehicles
- Electric- / Battery-powered Port and Material Handling Equipment Vehicles
- Hybrid Port and Material Handling Equipment Vehicles
- Port and Material Handling Equipment Vehicles for New Demand
- Port and Material Handling Equipment Vehicles for MRO & Services
- North America (US and Canada)
- Europe (Germany, UK, France, Italy, Spain and Rest of Europe)
- Asia Pacific (China, India, Japan, ASEAN and Rest of Asia-Pacific)
- Middle East & Africa (GCC, South Africa and Rest of MEA)
- Latin America (Brazil, Mexico and Rest of Latin America)
Port and Material Handling Equipment Vehicle Market- Scope of Report
A recent study by Fact.MR on the port and material handling equipment vehicle 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 port and material handling equipment vehicles.
The study also provides the dynamics responsible for influencing the future status of the 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 manufacturing port and material handling equipment vehicles, along with their product portfolios, enhances the reliability of this comprehensive research study.
The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of port and material handling equipment vehicles 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 port and material handling equipment vehicles 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 markets for port and material handling equipment vehicles?
- Which factors will impact the growth of the market over the coming years?
- 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 port and material handling equipment vehicle industry?
- What are the winning strategies of stakeholders in the market?
Analysis on Market Size Evaluation
The market has been analyzed for each market segment in terms of volume (‘000 Units) and value (US$ Mn).
Market estimates at global and regional levels for port and material handling equipment vehicles 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 port and material handling equipment vehicle 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 port and material handling equipment vehicle market during the forecast period.
Country-specific valuation on demand for port and material handling equipment vehicle has been offered for each regional market, 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 and volume for emerging countries has also been included in the report.
In-depth Analysis on Competitive Landscape
The report sheds light on leading manufacturers of port and material handling equipment vehicles, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in manufacturing port and material handling equipment vehicles 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.
In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the port and material handling equipment vehicle market, and reach conclusions on the future growth parameters of the market. 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.
- FAQ's -
Demand for port and material handling equipment vehicles, with the market expected to reach nearly US$ 10 billion by 2031, expanding at a CAGR of around 5%.
Demand across Asia Pacific is expected to be the strongest, with key countries such as India and China being the frontiers of global growth.
ABB Group, ANUHI Heli, and Libherr are some prominent manufacturers operating in the global landscape.
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Is the market research conducted by Fact.MR?
Yes, the report on the radiation proctitis treatment industry has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
Is a sample of this report available for evaluation?
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