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 grow at a 3% CAGR to 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. This segment currently accounts for a 19% share of the global Container Handling Equipment market.
The U. S. Accounts for Over 27% of Global Market Size in 2020, While China is Forecast to Grow at a 5.1% CAGR for the Period of 2020-2027
The Container Handling Equipment market in the U. S. is estimated at US$1.8 Billion in the year 2020. The country currently accounts for a 27.03% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$1.6 Billion in the year 2027 trailing a CAGR of 5.1% through 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 while Rest of European market (as defined in the study) will reach US$1.6 Billion by the year 2027.
Empty Container Handling Forklift Trucks Segment Corners a 11.8% Share in 2020
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$1.1 Billion by the year 2027, while Latin America will expand at a 2.6% CAGR through the analysis period. The publisher brings years of research experience to this 9th edition of our report. The 293-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others
- Anhui HeLi Co., Ltd.
- CVS ferrari S. P.A
- Hoist Liftruck Mfg., LLC
- Hyster-Yale Materials Handling, Inc.
- Konecranes Plc
- Liebherr-International Deutschland GmbH
- Lonking Machinery Co., Ltd.
- Sany Group
- Shanghai Zhenhua Heavy Industries Co., Ltd. (ZPMC)
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Global Competitor Market Shares
Container Handling Equipment Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
With Mixed Outlook for Global Container Trade, Challenges and Opportunities to Shape Market Prospects
Global Container Trade Volume (In Million TEUs) for the Years 2018, 2020 and 2023
Growing Prominence of Port Automation Establishes New Revenue Opportunities
As More Container Terminals Adopt Automated Solutions for High Productivity and Uninterrupted Operation, Automating Crane Operations Gains Prominence: Global Automated Container Terminal Market (In US$ 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
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
Market Facts & Figures
US Container Handling Equipment Market Share (in %) by Company: 2019 & 2025
Market Facts & Figures
European Container Handling Equipment Market: Competitor Market Share Scenario (in %) for 2019 & 2025
REST OF EUROPE
REST OF ASIA-PACIFIC
REST OF LATIN AMERICA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
Total Companies Profiled: 41
- ANHUI HELI
- CVS FERRARI S.P.A
- HOIST LIFTRUCK MFG.
- HYSTER-YALE MATERIALS HANDLING
- KONECRANES PLC
- LIEBHERR-INTERNATIONAL DEUTSCHLAND GMBH
- LONKING MACHINERY
- SANY GROUP
- SHANGHAI ZHENHUA HEAVY INDUSTRIES CO.
- SIEMENS AG