Global Container Handling Equipment Market to Reach $8 Billion by 2027
Amid the COVID-19 crisis, the global market for Container Handling Equipment estimated at US$6.6 Billion in the year 2020, is projected to reach a revised size of US$8 Billion by 2027, growing at a CAGR of 2.8% over the analysis period 2020-2027. Ship-to-Shore Cranes, one of the segments analyzed in the report, is projected to record a 3% CAGR and reach US$1.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Automatic Stacking Cranes segment is readjusted to a revised 3.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.8 Billion, While China is Forecast to Grow at 5.1% CAGR
The Container Handling Equipment market in the U.S. is estimated at US$1.8 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2027 trailing a CAGR of 5.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.7% and 2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.3% CAGR.
Empty Container Handling Forklift Trucks Segment to Record 1.9% CAGR
In the global Empty Container Handling Forklift Trucks segment, USA, Canada, Japan, China and Europe will drive the 1.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$586.7 Million in the year 2020 will reach a projected size of US$652.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.1 Billion by the year 2027, while Latin America will expand at a 2.6% CAGR through the analysis period.
Select Competitors (Total 41 Featured):
Amid the COVID-19 crisis, the global market for Container Handling Equipment estimated at US$6.6 Billion in the year 2020, is projected to reach a revised size of US$8 Billion by 2027, growing at a CAGR of 2.8% over the analysis period 2020-2027. Ship-to-Shore Cranes, one of the segments analyzed in the report, is projected to record a 3% CAGR and reach US$1.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Automatic Stacking Cranes segment is readjusted to a revised 3.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.8 Billion, While China is Forecast to Grow at 5.1% CAGR
The Container Handling Equipment market in the U.S. is estimated at US$1.8 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2027 trailing a CAGR of 5.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.7% and 2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.3% CAGR.
Empty Container Handling Forklift Trucks Segment to Record 1.9% CAGR
In the global Empty Container Handling Forklift Trucks segment, USA, Canada, Japan, China and Europe will drive the 1.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$586.7 Million in the year 2020 will reach a projected size of US$652.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.1 Billion by the year 2027, while Latin America will expand at a 2.6% CAGR through the analysis period.
Select Competitors (Total 41 Featured):
- Anhui HeLi Co., Ltd.
- CVS ferrari S.P.A
- Hoist Liftruck Mfg., LLC
- Hyster-Yale Materials Handling, Inc.
- Kalmar
- Konecranes Plc
- Liebherr-International Deutschland GmbH
- Lonking Machinery Co., Ltd.
- Sany Group
- Shanghai Zhenhua Heavy Industries Co., Ltd. (ZPMC)
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I. METHODOLOGY
II. EXECUTIVE SUMMARY
III. MARKET ANALYSIS
IV. COMPETITION
II. EXECUTIVE SUMMARY
- Influencer Market Insights
- Impact of Covid-19 and a Looming Global Recession
- With Mixed Outlook for Global Container Trade, Challenges and Opportunities to Shape Market Prospects
- Global Container Trade Volume (In Million TEUs) for the Years 2018, 2020 and 2023
- Growing Prominence of Port Automation Establishes New Revenue Opportunities
- As More Container Terminals Adopt Automated Solutions for High Productivity and Uninterrupted Operation, Automating Crane Operations Gains Prominence: Global Automated Container Terminal Market (In US$ Billion) for the Years 2018, 2020 & 2023
- Emergence of Ultra-Large Container Ships (ULCS) Intensifies Investments in Port Automation
- Innovations in Crane Technology Focus on Development of Smart Systems
- Crane Automation Improves Worksite Safety in Industrial Applications
- Stringent Norms for Reducing Container Terminal Emissions Sheds Focus on Hybrid and Electric Equipment Solutions
- Increasing Container Traffic in Asia Pacific Bodes Well for Ship-to-Shore Cranes
- Breakdown of Containerized Cargo Flows (In Million TEUs) by Major Container Trade Routes (2018)
- World’s Largest Container Ports Ranked by Throughput (In Million TEUs) for the Year 2018
III. MARKET ANALYSIS
IV. COMPETITION
- Total Companies Profiled: 41
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