Global Container Weighing System Market to 6.20% CAGR to 2021 – Analysis of Avery Weigh-Tronix, Conductix-Wampfler, METTLER TOLEDO, and Rice Lake Weighing Systems

MarketResearchNest.com adds “Global Container Weighing System Market 2017-2021” new reports to its research database. The report spread across 73 pages with tables and figures in it.

The research analysts forecast the global container weighing system market to grow at a CAGR of 6.20% during the period 2017-2021.

Container weighing systems perfectly integrate the container load monitoring methodology and current container handling equipment to deliver accurate weight verification data as a part of their regular lift cycle within the terminals and the ports. Container weighing systems are being specifically developed to meet the International Maritime Organization's amendments to Safety of Life at Sea (SOLAS) safety guidelines. SOLAS delivers accurate weight verified data on the real-time basis, as a component of the port's regular container lifting cycle through rubber tire gantry or rail mount gantry.

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Technavio recognizes the following companies as the key players in the global container weighing system market: Avery Weigh-Tronix, Conductix-Wampfler, METTLER TOLEDO, and Rice Lake Weighing Systems.

Other Prominent Vendors in the market are: BISON, Bromma, Fairbanks Scales, Flintec, FUTEK Advanced Sensor Technology, Hottinger Baldwin Messtechnik, and Tamtron.

The latest trend gaining momentum in the market is Weighing systems on reach stackers. Hyster launched two container weighing systems that can be tailored to its reach stackers to obtain a Verified Gross Mass, as required by the recently amended Safety of Life at Sea (SOLAS) legislation. The new Static and Static+ systems are cost effective, quick and easy-to-use, and have restricted impact on the container throughput. To utilize the system, the operator must press a button, which initiates a pre-programmed lift cycle into action to obtain the VGM. Applying a screen display in the cab, the reach stacker operator can input container identification and have a time stamped VGM connected to it.

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According to the report, one of the major drivers for this market is Rising volume of international maritime trade. Maritime trade is the most commonly used mode of transportation in international trade, representing about 85% of total transport volume. The demand for both maritime transport services and logistics services comes from the global economic growth and the need to carry out international trade. As a result, the global shipping industry and maritime transport activities (notably seaborne trade) were affected by the reduction in the global GDP and international trade volumes in 2009.

Further, the report states that one of the major factors hindering the growth of this market is Volatile steel prices. Steel is one of the heavily used raw materials in the global container weighing system market. With signs of the global economic recovery, steel prices have also started increasing. This volatility in steel prices can result in drop in margins of the global container weighing systems companies. However, leading suppliers such as METTLER TOLEDO, can pass on steel price fluctuations to their customers as many of them accept fluctuating steel costs by using a special formula when calculating prices.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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