Market Size of Container Handling Equipment Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.29 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Container Handling Equipment Market Analysis
The Container Handling Equipment Market is valued at USD 7.34 billion in the current year and is expected to grow to USD 9.43 billion by the next five years, registering a CAGR of 4.29% in terms of revenue during the forecast period.
Over the medium term, the expansion of international commerce and the rising need for cargo transportation defined global economic development in recent decades. Due to large-scale manufacturing facilities involved in large-scale imports and exports, Asia-Pacific nations such as China and India are predicted to include the highest growth rates as a result of globalization and industrialization.
The shifting trends toward automation of port terminals, the rising e-commerce industry, and growing requirements for electric and hybrid equipment, with emphasis on precaution for labor on the production floor and stringent emission norms, provide innovative business opportunities in the container handling equipment market.
The container handling equipment market may see innovative new opportunities as a result of shifting trends toward port terminal automation, the growing e-commerce industry, and growing demands for electric and hybrid equipment, with an emphasis on worker safety on the production floor and stringent emission standards.
Container Handling Equipment Industry Segmentation
Container handling equipment is used to transport the container from one place to another. Container handling equipment is widely used in ports, logistics and warehouse industries, and others.
The container handling equipment market is segmented by equipment type, propulsion type, and geography. By equipment type, the market is segmented into forklift trucks, stacking cranes, mobile harbor cranes, and rubber-tired gantry cranes. By propulsion type, the market is segmented into diesel, electric, and hybrid. By geography, the market is segmented as North America, Europe, Asia-Pacific, and the rest of the world. For each segment, the market sizing and forecast are done based on the value (USD).
| By Equipment Type | |
| Forklift Truck | |
| Stacking Crane | |
| Mobile Harbor Crane | |
| Rubber-tired Gantry Crane |
| By Propulsion Type | |
| Diesel | |
| Electric | |
| Hybrid |
| By Geography | ||||||||
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Container Handling Equipment Market Size Summary
The container handling equipment market is poised for significant growth, driven by the expansion of international trade and the increasing demand for efficient cargo transportation. This growth is particularly pronounced in the Asia-Pacific region, where countries like China and India are experiencing rapid industrialization and globalization. The market is witnessing a shift towards automation in port terminals and a rising demand for electric and hybrid equipment, spurred by the burgeoning e-commerce industry and stringent emission regulations. These trends are creating new business opportunities, as companies invest in innovative technologies to enhance productivity and reduce environmental impact. The emphasis on worker safety and eco-efficiency is further propelling the adoption of advanced container handling solutions.
The market is characterized by the presence of several key players, including Cargotec Corp, Liebherr Group, and Konecranes, who are heavily investing in research and development to introduce advanced products. The Asia-Pacific region, with its major economies and extensive port infrastructure, is expected to lead the market growth. China, in particular, is a dominant force with its vast number of ports and high container throughput, while India is also witnessing increased port activity. The market is further bolstered by government initiatives and the rapid expansion of industries such as logistics and retail in developing economies. As companies continue to retrofit old equipment and adopt new technologies, the container handling equipment market is set to experience robust growth over the forecast period.
Container Handling Equipment Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.1.1 Growing Emphasis on The Electrification of Container Handling Equipment
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1.2 Market Restraints
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1.2.1 High Capital Cost And Increasing Complexity of Container Handling Equipment
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1.3 Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size in Value (USD))
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2.1 By Equipment Type
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2.1.1 Forklift Truck
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2.1.2 Stacking Crane
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2.1.3 Mobile Harbor Crane
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2.1.4 Rubber-tired Gantry Crane
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2.2 By Propulsion Type
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2.2.1 Diesel
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2.2.2 Electric
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2.2.3 Hybrid
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2.3 By Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Rest of North America
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Italy
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2.3.2.5 Spain
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2.3.2.6 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 India
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2.3.3.2 China
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2.3.3.3 Japan
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2.3.3.4 South Korea
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 Rest of the World
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2.3.4.1 south America
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2.3.4.2 Middle-East and Africa
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Container Handling Equipment Market Size FAQs
What is the current Container Handling Equipment Market size?
The Container Handling Equipment Market is projected to register a CAGR of 4.29% during the forecast period (2024-2029)
Who are the key players in Container Handling Equipment Market?
SANY Group, Liebherr Group, Konecranes, Cargotec Corporation and Hyster-Yale Materials Handling, Inc. are the major companies operating in the Container Handling Equipment Market.
