Container Handling Equipment Market Projected A Revenue Of US$ 2 Billion Is Projected Until 2031

Industry Insights

Fact.MR, a market research and intelligence provider, states that the container handlining equipment market is expected to surpass a CAGR of 4.2% over the assessment period 2021-2031. Sales surpassed a value of US$ 1.5 Bn in 2020.Stringent carbon emissions regulations are spurring sales of electric/hybrid container handling equipment. In addition, strong demand from Asia Pacific and the Middle East is impacting growth positively. A revenue of US$ 2 Bn is projected until 2031.

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Key Takeaways from Market Study

  • By propulsion, electric/hybrid container handling equipment sales to soar, expanding at around 4% CAGR
  • Automated stacking cranes demand to experience substantial growth, generating over 40% revenue
  • U.S market to expand at a CAGR of 2.4%, attributed to increasing port infrastructure development
  • U.K to account for over 1 out of 5 sales of container handling equipment in Europe
  • East Asia to generate a total incremental opportunity of about US$ 176.5Mn
  • South Asia likely to generate US$ 280 Mn incremental opportunity through 2031

“Higher productivity, better operations and consistent efforts at reducing emissions are driving the container handling equipment industry to new heights” says a Fact.MR analyst.

Competitive Landscape

Prominent container handling equipment manufacturers profiled in Fact.MR’s report include Liebherr, Hyster-Yale Materials Handling Inc., Cargotec Corp, Konecranes, SANY and Kalmar among others. Prominent expansion strategies include forging strategic partnerships, launching new products and expanding existing production capacities.

  • In 2019, Sany Heavy Industry Co., Ltd. partnered with ANGST Group and VCE (Vienna Consulting Engineers) ZT GmbH to form a joint venture called Palfinger Structural Inspection GmbH (STRUCINSPECT).
  • Likewise, in the same year, Konecranes acquired one of largest crane service companies in Italy, Italian Trevolution Service SRL, specializing in crane modernizations, repairs, maintenance, spare parts and hoists, and components.

Key Segments Covered

  • By Equipment Type

    • Container Handling Forklift Trucks
    • Container Handling Automated Stacking Cranes
    • Container Handling Reach Stackers
    • Container Handling Terminal Tractors
    • Container Handling Straddle Carriers
    • Container Handling Rail Mounted Gantry Cranes
    • Container Handling Automated Guided Vehicles
    • Container Handling Rubber Tired Gantry Cranes
  • By Propulsion Type

    • Electric/Hybrid Container Handling Equipment
    • Diesel Container Handling Equipment

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