Container Handling Equipment Market Expected to Secure Notable Revenue Share during 2019-2029

Fact.MR has come out with an exclusive forecast report for the container handling equipment market between 2019 and 2029. Providing different insights on technological advancements, market scenario, and demand generators in container handling equipment market is the main aim of this report. Also, the study on container handling equipment market gives the important dynamics that are expected to diversify the sales and the future prominence of container handling equipment market. The demand for container handling equipment has increased significantly in the past few years, and likely to maintain a steady course of growth over the forecast period. The growing port activities across the globe have created considerable opportunities for container handling equipment market. Owing to enhanced awareness about pollution among consumers, the container handling equipment market players have introduced the electric and hybrid container handling equipment and the consumers are more attracted towards them. Growing government concerns for low carbon emitting vehicles and machineries, and imposition of stringent regulations by governing bodies for reducing carbon emissions have further boosted the sales of electric and hybrid container handling equipment. The higher demand for electric units is due to their multiple benefits such as, 100% emission free work and noiseless operation. However, the increased developments in the field of automation is expected to give immense traction to the container handling equipment worldwide.

Request for a Customize Sample Copy of this Market Report – https://www.factmr.com/connectus/sample?flag=S&rep_id=4193

International trade upturn coupled with increasing dependency on seaborne trade continue to remain influential factors in pushing the adoption of container handling equipment across the globe. Manufacturing, mining, energy and various other sectors rely heavily on the shipping industry in order to ensure a steady supply of raw materials and end products. Bulk commodities account for over an 80% share in global seaborne trade. Increased speed, safety and reliability of containerization influences companies to innovate new technologies for container handling equipment. For instance, ZPMC, a leading Chinese manufacturer of marine cranes has developed an AI straddle carrier, which can perform unmanned driving like self-location & autonomous navigation. Container handling equipment continues to witness profitability across the world on the backdrop of increasing containerized trade worldwide.

In recent years, owing to the development of a robust safety culture and continuously changing regulations, the maritime safety has increased. As compared to the past, many port operators are now focused on safety. The decrease in the number of total losses and incidents year-on-year is the effect of this improving safety culture of the marine industry, which shows a positive impact on the growth of container handling equipment market.

Merger and Acquisitions Remain the Key Strategies of Companies

New alliances between shipping lines are affecting container traffic flows and setting new efficiency standards for port operators. By delivering synergetic mergers between two container shipping lines, cost savings can be achieved along with long term strategic advantages. During the forecast period, the global market for container handling equipment is estimated to grow as the competitors and their competition with present market players is increasing. With the help of strategic developments, such as acquisitions, collaborations and mergers, the manufacturers in container handling equipment are anticipated to increase their business portfolio. For example, in the year 2019, one of the prominent container handling equipment market players and Finnish lifting solutions provider Konecranes has acquired one of largest crane service companies in Italy, Italian Trevolution Service SRL, specializing in crane modernizations, repairs, maintenance, spare parts and hoists, and components. In the same year, another container handling equipment market player Sany Heavy Industry Co., Ltd. partnered with ANGST Group and VCE (Vienna Consulting Engineers) ZT GmbH to form a joint venture called Palfinger Structural Inspection GmbH (STRUCINSPECT).

Key market players are doing a lot of investment in R&D work to fulfill the requirements of customers across the world. Across the globe, the container handling equipment market is fragmented due to the presence of multiple market players. The container handling equipment market has significant competition. In order to remain in sync with the demand, the manufacturers are launching new products by investing in research and development activities. The availability of container handling equipment at distribution channels generates variations in price causing an increase in the competition among the market players. This would make way for the manufacturers to deliver more technologically advanced, cost efficient, and newer generation container handling equipment during the forecast period. In order to strengthen their position as technology leaders in the market, investment in research and development activities is one of the important strategies implemented by the market players. In addition, to enhance their global presence, the companies ensure that their products are available in all the regions across the globe. The key market players offer the container handling equipment under different categories such as forklift trucks, automated stacking cranes, reach stackers, terminal tractors, rail mounted gantry cranes, automated guided vehicles, rubber tired gantry cranes, straddle carriers, ship to shore cranes, standard duty cranes, heavy duty cranes and bulk material unloaders, etc.

Growing Public Private Partnerships (PPP) in Ports and Diminishing Oil Prices to Trigger Growth

Maximum global trades are carried out via sea routes. So maritime transport plays an important role in the overall development of countries who participate in global trade. The port operation requires heavy manpower and equipment investments. As a result, some countries are adopting Public Private Partnership (PPP), in which the management and operation responsibilities are given to private companies, while some assets remain with the government. This trend is mainly acquired in developing countries and some developed nations due to the high initial investment associated with the development of terminals. This, combined with different companies focusing on production enhancement, has fueled the growth of the container leasing sector, which in turn has supported the growth of container handling equipment market during the forecast period.

Ask Industry Professional about Concerned Report from here – https://www.factmr.com/connectus/sample?flag=AE&rep_id=4193

Considering the projected growth in the GDP of the world, merchandise trade and the downside risks to the global economy and trade policy, different estimates of upcoming seaborne trade have been put forward and all appear to converge on a continued growth path in world seaborne trade in 2018. This has translated into a considerable increase in development of large ships with a high container capacity. In response to this, container handling equipment manufacturing is anticipated to further accelerate to oblige the growing demand. In the forthcoming years, this factor remains an important growth driver for container handling equipment market.

About FactMR

FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
FactMR
11140 Rockville Pike
Suite 400, Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
Read Industry News at: https://insiderstribune.com