PUBLISHER: Allied Market Research | PRODUCT CODE: 1414817
PUBLISHER: Allied Market Research | PRODUCT CODE: 1414817
According to a new report published by Allied Market Research, titled, "Container Handling Equipment Market," The container handling equipment market was valued at $7.5 billion in 2022, and is estimated to reach $11.9 billion by 2032, growing at a CAGR of 4.9% from 2023 to 2032.
The growth in global trade has a significant impact on the expansion of container handling equipment. With the increase in international trade, there is a higher demand for efficient and reliable transportation of goods, which can be transported from one continent to other with the help of containers. The demand for numerous cargo that includes, food, petroleum and petroleum related products drive the need for containers globally. Therefore, increasing the demand for advanced container handling equipment to handle the growing volumes of containers at ports, terminals, and logistics facilities. With the rise in global trade, container handling equipment plays a vital role in facilitating the movement of goods between countries, ensuring smooth operations and timely delivery. For example, as trade between China and the United States grows, container handling equipment at major ports like Shanghai and Los Angeles experiences increased utilization to handle the large influx of containers. The growth in global trade also encourages innovation and technological advancements in container handling equipment, leading to the development of more efficient and automated systems. Overall, the growth in global trade directly contributes to the expansion and development of container handling equipment, enabling the seamless flow of goods across borders, and supporting international commerce.
The ports and container freight stations are adopting automated container handling equipment that can perform tasks of loading and unloading containers without any human intervention. Automation involves the use of advanced systems and robotics to streamline operations and improve efficiency. The automation of loading and unloading process leads to increase in productivity and provide safety to the operators working in locations. For example, automated container cranes can handle containers more efficiently, reducing the time it takes to load and unload ships. Automated guided vehicles (AGVs) can navigate through terminals and transport containers with minimal human intervention.
The container handling equipment market is segmented into by equipment type, propulsion type, lifting capacity, end user, and region. By equipment type, the market is classified into carrier, crane, mobile carrier vehicles and automated equipment. By propulsion type, the market is classified into IC engine, electric, and hybrid. By lifting capacity, the market is divided into less than 50 ton, 50-100 ton, and more than 100 ton. By end user, the market is categorized into ports, container freight stations and others. By region, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA.
The key players in the container handling equipment market include Cargotec Corporation., Liebherr Group, Sany Group Co., Ltd., Hyster-Yale Materials Handling, Inc., Toyota Industries Corporation, PALFINGER AG, China Communications Construction Company, Ltd., Tadano Ltd., CVS ferrari S.P.A., Ambergate Invest Sverige AB.
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