Container Handling Equipment Market Competitive Dynamics & Global Outlook 2025
The Container Handling Equipment Market is projected to grow at a CAGR of 4.24%, during the forecast period, to reach a market size of USD 8.75 billion by 2025. Increased cargo transportation, growing use of automation technologies at port terminals, stringent emission levels resulting in the increased demand for electric and hybrid equipment, and the rising demand in Asia Pacific and the Middle East are the key factors driving the growth of the container handling equipment market.
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The container handling equipment
market is dominated by a few global players and comprises several regional
players. Some of the key manufacturers and
suppliers in the container handling equipment market are Kalmar (Finland),
Konecranes (Finland), Liebherr (Switzerland), Hyster (US), Sany (China), ZPMC
(China), Lonking (China), Anhui Heli
(China), CVS Ferrari (Italy), and Hoist Liftruck (US). Contracts & agreements and new product developments were the
prominent strategies adopted by these players to gain traction in the container
handling equipment market. For instance,
in January 2018, CVS Ferrari completed the
delivery of an F500.RS3 reach stacker to
Indorama Ventures (Thailand) at its production plant in Corlu, Turkey. The
plant produces pet bottles for the European market and the F500.RS3 reach
stacker would handle containers of raw chemicals. Alternatively, companies also adopted the new
product developments strategy to maintain their positions in the market. In September 2017, Hyster planned to develop
a new 48-ton electric container handling product. The testing phase is expected
to start shortly, and the equipment will utilize lithium-ion battery technology
for electrification, helping the company achieve its zero-emission targets.
Kalmar is the leading player in
the container handling equipment market due to its wide range of equipment such
as RTG, RMG, reach stackers, and terminal tractors. Kalmar has adopted a mix of
the contracts & agreements and
mergers & acquisitions strategies to retain its position in the container
handling equipment market. In
January 2018, the company received a
contract for 10 TL2 terminal tractors from Trac-Wheels (Malaysia). Kalmar also
entered into a 3-year contract with PSA Corporation Limited (Singapore) for the
maintenance and repair of mobile equipment, where the company will provide
maintenance and service support to 700 prime movers and trailer sets installed
at the Pasir Panjang Terminal. Furthermore,
as part of its acquisition
strategy, the company took over the port services business of Inver Engineering
(Australia), a part of Inver Engineering, which provides repair, maintenance,
and refurbishment services for cargo handling equipment at port terminals in
Australia, New Zealand, and the Pacific region.
Konecranes is another prominent
player in the container handling equipment market. Konecranes adopted the
mergers & acquisitions and contracts & agreements strategies to strengthen its market position.
In January 2017, it acquired the material handling and port solutions (MHPS) business
segment of Terex Corporation (US). The acquisition, worth USD 1.22 billion,
added Terex Demag and Port solutions to Konecranes’ product portfolio,
including container handling equipment and reach stackers. The company has also
been awarded multiple contracts. In December 2017, Konecranes received a contract from Kramer Group
(Netherlands) for 11 SMV 6/7 ECC 100 DS empty container handlers and 11 SMV
4531 TC5 reach stackers. These machines would be deployed at Kramer’s city
depot in Waalhaven/Eemhaven and the Delta
depot at Maasvlakte. This contract would enable Konecranes to showcase its
extensive product portfolio at the Rotterdam port area.
Key Players
Some of the key container
handling equipment manufacturers and suppliers include Kalmar (Finland),
Konecranes (Finland), Liebherr (Switzerland), Hyster (US), Sany (China), ZPMC
(China), Lonking (China), Anhui Heli (China), CVS Ferrari (Italy), and Hoist
Liftruck (US). Kalmar adopted a mix of the contracts & agreements and
mergers & acquisitions strategies to retain its market position, while Konecranes
also followed these strategies to remain a prominent player in the market.
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