As per the United Nations Conference on Trade And Development (UNCTAD), the global seaborne trade volume touched 10 billion tons in 2015, which included exports and imports of dry cargo including bulk commodities and containerized trade. The constantly increasing containerized trade coupled with the rising trend of port automation to cope up with the increased demand has led to automated equipment for container handling being offered, which, in turn, is driving the demand for container handling equipment globally. Additionally, to meet the stringent emission norms, equipment with higher fuel efficiency and lower or zero emissions is in demand, which would drive the electric and hybrid container handling equipment market during the forecast period.

The global container handling equipment market is projected to grow at a CAGR of 4.24%, during the forecast period, to reach USD 8.75 billion by 2025, from USD 5.92 billion in 2016. The base year considered for the study is 2016 and the forecast period is 2017 to 2025.

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The bottom-up and top-down approaches have been used to estimate the size of the container handling equipment market. The bottom-up approach is used to estimate and validate the container handling equipment market size, by equipment type. The addition of regional-level sales numbers of each equipment type (empty container handling FLT, STS, MHC, laden FLT, RMG, RTG, straddle carriers, reach stackers, ASC, and terminal tractors) led to the equipment type market size, by volume. Furthermore, the regional-level container handling equipment market (by volume) was multiplied by the average price of new equipment to arrive at the container handling equipment market size, by equipment type, in USD million.

The top-down approach has been used to estimate and validate the size of the container handling equipment market, by propulsion type, by volume. The container handling equipment market size (by volume), which was obtained through the bottom-up approach, was multiplied with the regional-level penetration of each propulsion type for every equipment to get the regional-level container handling equipment market, by propulsion type (diesel, electric, and hybrid). A similar approach was followed to derive the container handling equipment market, by tonnage capacity (<10 tons, 10–40 tons, 41–70 tons, and 71-100 tons), power output (<150 kW, 150–200 kW, 201–300 kW, and >300 kW) and engine capacity (<7 L, 7–10 L, and > 10 L), and region (Asia Pacific—China, India, Japan, South Korea, Singapore and Australia, EMEA—Germany, Spain, the UK, the UAE, Saudi Arabia, and Turkey, and the Americas—Brazil, Canada, Colombia, Mexico, and the US.

The research methodology involved various secondary sources such as the Port Equipment Manufacturers’ Association (PEMA), Container Handling Equipment Manufacturers’ Association (CHEM), Container Owners Association (COA), Container Dealers Association (CDA), Container Traders and Innovators Association, United Nations Conference on Trade and Development (UNCTAD), World Shipping Council, corporate filings (such as annual reports, investor presentations, and financial statements), and business and industry magazines along with paid databases. The figure below illustrates the break-up of the profiles of the industry experts who participated in the primary discussions.

Objectives of the Study

• To define, describe, and forecast the container handling equipment market, based on equipment type (empty container handling forklift trucks, ship-to-shore cranes, mobile harbor cranes, laden forklift trucks, rail-mounted gantry cranes, rubber-tired gantry cranes, straddle carriers, reach stackers, automatic stacking cranes, and terminal tractors)
• To estimate and forecast the container handling equipment market, by propulsion type (diesel, electric, and hybrid), power output (<150 kW, 150–200 kW, 201–300 kW, and >300 kW), engine capacity (<7 liter, 7–10 liter, and > 10 liter), and region (Asia Pacific, EMEA, and Americas)
• To estimate and forecast the container handling equipment market by tonnage capacity (<10 tons, 10–40 tons, 41–70 tons, and 71-100 tons)

The container handling equipment market is dominated by a few globally established players such as Kalmar (Finland), Konecranes (Finland), Liebherr (Switzerland), Hyster (US), Sany (China), ZPMC (China), Lonking (China), Anhui Heli (China), CVS Ferrari (Italy), and Hoist Liftruck (US).

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