Containerization for cargo transport started trending in the 1960s and has been popular around the world ever since. Currently, approximately 90 per cent of all non-bulk cargo and more than half of all dry cargo is being shipped through containers. As a result, the demand for container handling equipment has also grown and is expected to continue for the foreseeable future.
In addition, the sizes of container ships have also gotten substantially bigger in recent years, while increased demand for better efficiency will push for more containers to be worked on in shorter ship call durations. This is further augmented by the greater need for flexibility in operations when it comes to logistics processes.
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Rising levels of port activities around the world have resulted in a number of lucrative opportunities in the container handling equipment market. In addition, sustainability initiatives and anti-pollution measures have resulted in the increased adoption of hybrid and electric variants. This has been augmented further by increased interest by governments towards vehicles and equipment that contribute to carbon emissions.
The increased proliferation of automation technologies is anticipated to give major impetus to the global container handling equipment manufacturing industry. The uptick in global trade, particularly through marine routes are expected to provide traction to the industry.
Containerization has become a popular trend owing to superior safety, speed and reliability, which has pushed innovations of new technology such as straddle carriers operated by artificial intelligence systems. Improvements to regulatory compliance and safety standards have reduced loses for the marine industry, thereby impacting the container handling equipment market.
On the basis of region, the Container Handling Equipment market study contains:
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Key players analyzed in the Container Handling Equipment market study:
Queries addressed in the Container Handling Equipment market report:
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