The global container handling equipment market size reached US$7.31 billion in 2021. By 2027, it will be worth US$9.55 billion at a CAGR of 4.40% (2022-27).
SHERIDAN, WYOMING, UNITED STATES, Sept. 21, 2022 /EINPresswire.com/ — The IMARC Group’s latest research study, “Container Handling Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” finds that The global container handling equipment market reached US$7.31 billion in 2021. Looking ahead, IMARC Group expects the market to reach $9.55 billion by 2027, at a CAGR of 4.40% over 2022-2027.
Container handling equipment is used in terminals to move containers from one place to another. It manages inbound container unloading, outbound container loading and ship berthing. Gantry cranes, stacker cranes, portable cranes, wall mounted console cranes and shipyard handling equipment are some common types of container handling equipment. It offers various advantages such as: B. Longevity, durability and improved productivity. As a result, container handling equipment is widely used in the packaging, retail, manufacturing, automotive, food and beverage (F&B), chemical and transportation industries.
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Impact of COVID-19 on the market: (Positive Impact)
As the novel coronavirus (COVID-19) crisis sweeps the world, we continuously monitor the changes in the markets as well as the industry behavior of consumers worldwide and our estimates on the latest market trends and forecasts are made after considering the impact of this pandemic.
Global Container Handling Equipment Market Trends and Drivers:
The market is primarily driven by the increasing demand for freight transportation to simplify the supply chain for electronics, flowers, medical supplies, groceries, auto parts and vaccines. In addition, the expanding logistics industry and the increasing demand for robust and powerful handling equipment are other important growth factors. In addition, various governments are introducing strict regulations for electrification of container handling equipment to promote green operations, which is escalating product demand.
Some of the other factors contributing to the market growth are the rapid urbanization, the improvement of port terminals, the burgeoning e-commerce industry, and manufacturers investing in research and development (R&D) activities to create new and advanced container handling equipment, what Globally, the market prospects are generally favorable.
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Analysis and Segmentation of Global Container Handling Equipment Market 2022-2027:
The competitive landscape of the market has been studied in the report that provides the detailed profiles of the major market players.
Some of these top key players are:
Anhui Heli Co. Ltd., Cargotec Oyj, CVS Ferrari SPA, Hyster-Yale Materials Handling Inc., Konecranes Oyj, Liebherr-International AG, Lonking Holdings Limited, SANY Group, Shanghai Zhenhua Heavy Industries Company Limited and Toyota Industries Corporation.
The report has segmented the market by region, device type, drive type and handling.
Breakdown by device type:
• Stacker crane
• Mobile harbor crane
• Rubber-tired gantry crane
Breakdown by drive type:
Separation by handling:
Breakdown by region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, others)
• Europe: (Germany, France, Great Britain, Italy, Spain, Russia, others)
• Latin America: (Brazil, Mexico, others)
• Middle East and Africa
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Key highlights of the report:
• Market performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s Five Forces Analysis
• Market drivers and success factors
• SWOT analysis
• Value chain
• Comprehensive mapping of the competitive landscape
If you require specific information that is not currently in the scope of the report, we can provide it as part of the customization.
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