Global Container Handling Equipment Market
Dublin, Dec. 26, 2022 (GLOBE NEWSWIRE) -- The "Container Handling Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global container handling equipment market reached a value of US$ 7.31 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 9.55 Billion by 2027, exhibiting a CAGR of 4.56% during 2021-2027.
| Report Attribute | Details |
| No. of Pages | 143 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value (USD) in 2021 | $7.3 Billion |
| Forecasted Market Value (USD) by 2027 | $9.55 Billion |
| Compound Annual Growth Rate | 4.5% |
| Regions Covered | Global |
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Container handling equipment is used in terminals to transport containers from one location to another. It is utilized for managing vessel berthing, inbound container unloading, outbound container loading and storage yards efficiently and securely.
As it offers several benefits, such as durability, longevity, and enhanced productivity, container handling equipment finds extensive applications in the automotive, food and beverages (F&B), chemical, retail, energy, manufacturing, packaging, and transportation industries across the globe.
Container Handling Equipment Market Trends:
At present, there is a rise in the demand for freight transportation to facilitate the supply chain of food, automotive parts, electronics, flowers, vaccines, and medical supplies. This, along with the expanding logistics industry across the globe, represents one of the key factors driving the market.
Moreover, key market players are extensively investing in research and development (R&D) activities to develop new and advanced container handling equipment, such as reach stackers and terminal tractors with an electric engine. This, coupled with the expanding e-commerce industry across the globe, is propelling the growth of the market.
In addition, governments of several countries are implementing stringent regulations for the electrification of container handling equipment to promote environmental-friendly operations. In line with this, they are emphasizing on labor safety, which is offering lucrative growth opportunities to industry investors.
Besides this, the rising utilization of automation in container handling equipment for real-time information of engine performance, fuel economy, tire pressure, heating, ventilation and air conditioning (HVAC), and maintenance and services, which is positively influencing the market. Other growth-inducing factors are rapid urbanization and improving port terminals.
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Anhui Heli Co. Ltd., Cargotec Oyj, CVS ferrari S.P.A., 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.
Key Questions Answered in This Report: