Container Handling Equipment Market Size, Share & Industry Analysis, By Equipment Type (Forklift Truck., Mobile Harbor Crane., Stacking Crane., Rubber Tiered Gantry Crane., Others), By Propulsion Type (Diesel., Electric., Hybrid) And Regional Forecast, 2024-2032

Container handling equipment guarantees the precise provision of containers for rapid order processing. Automatic container handling ensures a smooth and rapid material flow, and it considerably improves the productivity rate. The decrease in time and cost consumed and increase in handling velocity and security offered by the system are some of the primary features of this equipment. This equipment can be powered by diesel, electricity, or a hybrid engine.

The demand for container handling equipment is rising due to the increase in import-export operations globally. The most popular handling equipment in the market is forklifts and tractors. The majority of the equipment operates on fossil fuel (diesel), raising issues about fuel dependency and pollution caused. Additionally, the speedy transformation and transition of various industries and rising trade policies are expected to boost the growth of the market. However, the high capital cost of container handling equipment is one of the major factors hampering the market's growth.

Market Segmentation:

The global container handling equipment market is segmented by equipment type, propulsion type, and geography. Based on equipment type, the market is sub-segmented into forklift trucks, mobile harbour cranes, stacking cranes, rubber-tiered gantry cranes, and others. The rubber-tiered gantry crane (RTG) is anticipated to grow at a significant CAGR during the forecast period. RTG is intermodal equipment that is generally used to stack or ground containers at the ports. RTG can be equipped with diesel, hybrid, and electric engines. The increase in seaborne commerce globally in the past few years is expected to drive the growth of the market during the forecast period. Based on propulsion type, the market is further sub-segmented into diesel, electric, and hybrid. The diesel segment accounted for the largest market share in 2020. The easy availability and cheap cost are some of the major factors driving the growth of the segment. Additionally, the majority of container handling equipment, including forklifts, reach stackers, RTG cranes, and terminal tractors, use diesel engines. Hence, it is expected to boost the market during the forecast period.

Key Players:

Major players operating in the global container handling equipment market include Liebherr, SANY, Cargotec Corp., Konecranes, Hyster-Yale Materials Handling Inc., Kalmar, CVS Ferrari, Lonking Holdings Ltd., Steelbro, Hoist Liftruck Mfg. among others.

Key Insights

• New Advancements in Container Handling Equipment Market.


• Number of Products, Key Countries, 2020


• New Product Launches, Key Players

Regional Analysis:

Geographically, the global container handling equipment market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Asia Pacific accounted for the largest market share in 2020. The major factors driving the market's growth are the rise in demand for capable and strong container handling equipment, increased export and import, and the rapid rise of e-commerce in the region. China is one of the major exporters in the region with the highest number of ports in the world, with shanghai being the world's largest port. Due to low material costs and low labor costs in China, many international companies prefer to manufacture their products in China and later export them to other destinations. These factors are responsible for the high share of the market in this region. North America is expected to exhibit augmented growth in the market due to a rise in industrialization in the region. Factors such as high investment in infrastructure by regional authorities to improve port terminals, increase in import & export activity for comfort and leisure commodities and rise in per capita income are expected to drive the growth of the market. Europe is expected to show steady growth during the forecast period. The high production of container handling equipment in the region and the increase in foreign trade are some of the major factors driving the growth of the market.

Segmentation