The latest report by IMARC Group, titled “Container Handling Equipment Market Report by Equipment Type (Forklift Truck, Stacking Crane, Mobile Harbor Crane, Rubber-tired Gantry Crane), Propulsion Type (Diesel, Electric, Hybrid), Handling (Automatic, Manual), and Region 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on the market. The global container handling equipment market size reached US$ 8.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 11.2 Billion by 2032, exhibiting a growth rate (CAGR) of 3.7% during 2024-2032.
Factors Affecting the Growth of the Container Handling Equipment Industry:
- Rapid Development in Port Infrastructure:
The container handling equipment market is primarily driven by the ongoing expansion and modernization of port infrastructure worldwide. With global trade volumes consistently increasing, ports are under pressure to accommodate larger vessels and handle greater container traffic efficiently. This necessitates significant investments in infrastructure, including the acquisition of advanced container handling equipment such as ship-to-shore cranes, straddle carriers, and reach stackers. These equipment types are essential for optimizing terminal operations, increasing throughput capacity, and ensuring the smooth flow of goods through ports. As ports compete to attract more shipping lines and capture a larger share of global trade, there has been a rise in demand for modern container handling equipment, driving market growth.
- Ongoing Automation and Technological Advancements:
The integration of automation and advanced technologies is revolutionizing the container handling equipment market. Automation solutions such as automated guided vehicles (AGVs), unmanned aerial vehicles (UAVs), and remote-controlled cranes are transforming terminal operations by enhancing efficiency, reducing labor costs, and improving safety. These technologies enable terminals to handle containers more swiftly and precisely, thereby increasing productivity and throughput capacity. Furthermore, technological advancements such as electrification, IoT-enabled sensors, and predictive maintenance systems are optimizing equipment performance, minimizing downtime, and extending asset lifecycles, thus fueling market growth.
- Global Trade Dynamics and Containerization:
The container handling equipment market is intricately linked to global trade dynamics and the widespread adoption of containerization. Due to rising international trade volumes driven by globalization and economic interdependence, there has been a heightened demand for efficient and reliable container handling equipment rises correspondingly. Containerization offers numerous advantages, including standardized handling processes, reduced transit times, and lower logistics costs, making it the preferred mode of transporting goods globally. This has led to a significant increase in containerized cargo traffic at ports and terminals, driving the need for specialized equipment capable of handling containers swiftly and effectively.
For an in-depth analysis, you can request a sample copy of the report: https://www.imarcgroup.com/container-handling-equipment-market/requestsample
Competitive Landscape:
The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.
- Anhui Heli Co. Ltd.
- Cargotec Oyj
- CVS ferrari S.P.A.
- Hyster-Yale Materials Handling Inc.
- Konecranes Oyj
- Liebherr-International AG
- Lonking Holdings Limited
- SANY Group
- Shanghai Zhenhua Heavy Industries Company Limited
- Toyota Industries Corporation.
Container Handling Equipment Market Report Segmentation:
By Equipment Type:
- Forklift Truck
- Stacking Crane
- Mobile Harbor Crane
- Rubber-tired Gantry Crane
Based on the equipment type, the market has been divided into forklift truck, stacking crane, mobile harbor crane, and rubber-tired gantry crane.
By Propulsion Type:
- Diesel
- Electric
- Hybrid
Diesel accounts for the largest market share owing to its robust power output, reliability, and widespread availability, making it the preferred choice for heavy-duty applications in port environments.
By Handling:
- Automatic
- Manual
On the basis of handling, the market has been bifurcated into forklift truck, stacking crane, mobile harbor crane, and rubber-tired gantry crane.
Regional Insights:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Asia Pacific’s dominance in the container handling equipment market is attributed to rapid industrialization, expanding trade volumes, and investments in port infrastructure across emerging economies like China, India, and Southeast Asia.
Global Container Handling Equipment Market Trends:
The global container handling equipment market is primarily driven by ongoing expansion and modernization of port infrastructure, particularly in regions experiencing rapid industrialization and trade growth. Apart from this, the increasing adoption of automation and advanced technologies such as automated guided vehicles (AGVs) and remote-controlled cranes enhances terminal efficiency, reduces labor costs, and improves safety, driving market growth. Furthermore, the rising trend of containerization in global trade, driven by its efficiency and cost-effectiveness, necessitates specialized equipment capable of handling containers swiftly and effectively, thereby boosting the demand for container handling equipment and propelling market growth.
Ask Analyst for Customization: https://www.imarcgroup.com/request?type=report&id=5774&flag=C
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel NoD) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163
Comments (0)