Global Container Handling Equipment Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
The global container handling equipment market report overview:
“The global container handling equipment Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
The global container handling equipment market report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027.
The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global container handling equipment market report has been segmented on the basis of equipment type, fuel, end use industry, and region.
As a result of globalization, transfer of goods has witnessed a significant increase in terms of volume across the globe, hence adoption of these type of equipment has also increased. Container handling equipment can be of various types; most common of these include trucks, cranes, and hoists. Container handling equipment are extensively used at air cargo terminals, logistic stations, marine ports, etc. for efficient and effective handling (loading, un-loading, placing, and transporting) of goods.
Increasing international and intercontinental trade is driving adoption of container handling equipment for proper and effective handling of goods which is a key factor driving growth of the global container handling equipment market.
In addition, development of advanced container handling equipment and automation in equipment are other factors expected to fuel growth of the global container handling equipment market over the forecast period.
Moreover, increasing emphasis on protection for laborers working on the ground floor (production, storage, and dispatch) is another factor increasing demand for automation and development of effective container handling equipment which is a major factor anticipated to boost growth of the global container handling equipment market over the forecast period.
However, high costs associated with procurement, use, and replacement of container handling equipment is a major factor restraining growth of the global container handling equipment market. Additionally, high maintenance costs and problems with downtime of these equipment affecting production are other factors expected to hamper growth of the global container handling equipment market over the forecast period.
Currently, the market in Asia Pacific dominates the global container handling equipment market in revenue terms owing to high volume of cargo being transported from emerging economies such as China, India, and Japan.
The market in Europe accounted for second-highest revenue share in the global container handling equipment market, due to high adoption of automation in container handling and increasing volume of exports and imports, followed by markets in North America, Latin America, and Middle East & Africa respectively.
Moreover, the market in Asia Pacific is projected to witness fastest growth in terms of revenue, owing to increasing government initiatives for support of export and developments in ports and equipment used in ports in countries in the region.
Global container handling equipment market segmentation:
By equipment type:
- Empty Container Handling Forklift Trucks
- Ship-to-Shore Cranes
- Mobile Harbor Cranes
- Rail-Mounted Gantry Cranes
- Rubber-Tired Gantry Cranes
- Straddle Carriers
- Reach Stackers
By end-use industry:
- Building and construction
- Food and packaging
- Electronics and semiconductor
- Healthcare and others
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Port Finance International B.V.
- Konecranes Oyj
- TANDEMLOC, Inc
- Taylor Machine Works Inc.
- Liebherr Group
- Shanghai Zhenhua Heavy Industries Company Limited
- Lonking Holdings Limited
- Anhui HELI Co. Ltd.
- CVS ferrari S.P.A.
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