Container Handling Equipment Market to Witness Robust Expansion: $11.9 Billion by 2032

The global Container Handling Equipment Market has experienced significant growth and transformation, driven by growth in global trade, and infrastructure development. Container handling equipment can handle substantial loads and oversized cargo and play a pivotal role in ports and container freight stations. Also, technological advancements, including automation of container handling equipment and the introduction of self-propelled modular transporters (SPMTs), are projected to shape the industry's future, enhancing safety and efficiency.

Download Sample Report (Get Full Insights in PDF - 466 Pages) at: https://www.alliedmarketresearch.com/request-sample/A12251

The container handling equipment market is estimated to continue to grow at a moderate growth rate due to expansion of global trade, and infrastructure developments of the ports and container freight stations. Advancements in technology, including automation of container handling equipment and introduction of self-propelled modular transporters (SPMTs), are likely to have an impact on the improvement and future of the industry to increase safety and efficiency. While the market offers significant opportunities, it faces challenges, including high capital requirement for the container handling equipment and equipment optimization challenges. The market's growth prospects are closely tied to industry-specific demands, economic stability, and technological advancements.

Based on equipment type, the crane segment held the highest market share in 2022 and is estimated to maintain its leadership status throughout the forecast period 2023 to 2032, due to its numerous equipment offered within the crane segment such as overhead cranes, container cranes, mobile cranes, portal slewing cranes, rail mounted gantry (RMG) cranes, and rubber tire gantry (RTG) cranes, and the ability of each variety to handle different types of containers. However, the automated equipment segment is projected to witness the highest CAGR of 6.1% from 2023 to 2032, owing to its ability to stack containers in high stacks, optimizing storage space and reducing the need for manual intervention. This automated equipment enhance productivity, reduce labor costs, minimize errors, and improve safety in container handling operations, thus creating demand in the container handling equipment market.

Buy Now & Get Exclusive Discount on this Report : https://www.alliedmarketresearch.com/checkout-final/5fff629aa9909e702610495571e83fbb

The growth in global trade is boosting the demand for the container handling equipment globally. The trade between countries such as China and U.S. are contributing heavily to the global trade. For instance, in 2022 from January to December U.S. exported $154,012.1 million of goods to China and imported $ 536,307.1 million of goods from China. The global trade helps the countries to fulfill requirements associated with goods which, the nations are not able to produce or manufacture. For the transportation of goods, the containers are required thus creating the market for container handling equipment.

The key players profiled in this report 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.

The report provides a detailed analysis of the key players in the global container handling equipment market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Get Customized Reports with you're Requirements: https://www.alliedmarketresearch.com/request-for-customization/A12251

Furthermore, the growth of the ports and container freight stations can help nation to attract new contracts and vessels. The growth and upgrading of ports, terminals, and logistical networks have a direct impact on container operations' efficiency and capacity. Countries can attract larger boats, accommodate higher trade volumes, and improve overall supply chain capabilities by investing in infrastructure. For example, the development of deep-water ports enables the entrance of larger container ships capable of carrying a greater number of containers. With the increase in vessel size, new container handling equipment, such as gantry cranes, straddle carriers, and reach stackers capable of efficiently loading and unloading larger boats, is required. As a result, countries can boost their economies by increasing commercial activity and opening new markets for container handling equipment manufacturers.

Based on end user, the ports segment accounted for the largest share in 2022 and is estimated to maintain its leadership status throughout the forecast period. This segment is projected to manifest the highest CAGR of 5.4% from 2023 to 2032, owing to the expansion of global trade and the ship's ability to carry large volume of containers are expected to boost the container handling equipment market in ports.

Inquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/A12251

On the basis of equipment type, the container handling equipment market is divided into carrier, cranes, mobile carrier vehicles, and automated equipment. Automated equipment segment will create lucrative growth opportunities due to enhance productivity, reduce labor costs, minimize errors, and improve safety in container handling operations. Automated equipment can navigate autonomously and helps to stack containers in high stacks, optimizing storage space and reducing the need for manual intervention. This increases the efficiency and speed of container handling operations at ports and terminals.

Based on lifting capacity, the more than 100-ton segment accounted for the largest share in 2022 and is estimated to maintain its leadership status throughout the forecast period. This segment is projected to manifest the highest CAGR of 5.7% from 2023 to 2032, owing to its ability to handle containers exceeding 100 ton and enabling the efficient movement of heavy cargo with ease, making it an attractive option for the ports and the container freight stations.

Regional Analysis:

Based on region, Asia-Pacific held the highest market share in terms of revenue in 2022 and is estimated to maintain its leadership status throughout the forecast period, due to the high growth of industrialization coupled with the rise in the logistics sector in Asia-Pacific drives the demand for the container handling equipment in the region. However, the North American region is expected to witness the fastest CAGR of 6.1% from 2023 to 2032, owing to the region's thriving maritime industry and extensive international trade relationships. The demand for container handling equipment in North America is expected to witness growth rapidly.

Other Trending Reports:

Logistics Market - https://www.alliedmarketresearch.com/logistics-market

U.S. Cold Chain Tracking and Monitoring Market - https://www.alliedmarketresearch.com/us-cold-chain-tracking-and-monitoring-market-A06732

UK Cold Chain Logistics Market - https://www.alliedmarketresearch.com/uk-cold-chain-logistics-market

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.