PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1498793
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1498793
Container Unloading Equipment Market size was valued at USD 1,851.2 Million in 2023, expanding at a CAGR of 6.00% from 2024 to 2032.
The container unloading equipment market refers to the market for buying and selling machinery and tools specifically designed for unloading containers. It includes different types of equipment such as container cranes, forklifts, conveyors, and other specialty machinery used in unloading containers from ships, trucks, or trains with speed and effectiveness into ports, docks, or intermodal transport systems. The market for container unloading equipment is affected by the volume of global trade, technological improvement in the design of these types of equipment, and the efficiency of container handling operations at ports and logistic centers.
Container Unloading Equipment Market- Market Dynamics
Increasing Trade Operations Propel Market Growth
The growing worldwide commercial activity has increased demand for container unloading equipment. The containerization of goods and the use of intermodal transportation have made offloading more complex and time-consuming, necessitating the use of efficient unloading technology. The growing popularity of e-commerce has increased demand for container unloading equipment, as businesses need to handle enormous amounts of items swiftly and efficiently. For instance, in December 2023, Yusen Logistics (Americas) Inc., a well-known worldwide supply chain logistics company, formed a strategic cooperation with Pickle Robot Company a player in Physical AI and robotic computerization. The collaboration starts with installing Pickle Unload Systems at Yusen's Contract Logistics Group transloading facility in Long Beach, California. This novel method decreases the physical workload of Yusen Logistics staff and increases service reliability.
Container Unloading Equipment Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 6.00% over the forecast period (2024-2032)
Based on Equipment Type segmentation, Gantry Cranes was predicted to show maximum market share in the year 2023
Based on End User segmentation, Logistics is the fastest growing segment in the container unloading equipment market in 2023
On the basis of region, Asia Pacific was the leading revenue generator in 2023
The Global Container Unloading Equipment Market is segmented on the basis of Equipment Type, End User, and Region.
The market is divided into four categories based on Equipment Type: Gantry Cranes, Straddle Carriers, Reach Stackers, and Others. Gantry cranes are the largest segment of the worldwide container unloading equipment market. These cranes are commonly utilized because of their adaptability, strength, and ability to handle large loads efficiently. In 2023, the gantry cranes segment accounted for approximately 43% of the market, and it will likely continue to dominate in the future.
The market is divided into four categories based on End Users: ports and terminals, Manufacturing, Construction, and Logistics. Logistics is the fastest-expanding segment in the container unloading equipment industry. The logistics business is expanding rapidly as a result of increased demand for faster and more efficient transportation of goods, which is being driven by e-commerce and rising consumer expectations. Furthermore, the logistics segment is experiencing an increase in demand for container unloading equipment as multimodal transportation becomes more popular, which involves the use of numerous modes of transportation (such as ships, trucks, and railways) to transfer products. Reach stackers and straddle carriers are ideal for container unloading operations since they can handle containers in a variety of modes of transportation.
Container Unloading Equipment Market- Geographical Insights
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. Asia Pacific dominated the global container unloading equipment market because to its fast-expanding shipping industry and growing need for container handling automation. According to a World Trade Organization estimate, Asia Pacific accounts for more than 60% of total container traffic. This has resulted in an increased demand for well-organized and automated container unloading equipment in regional ports and logistics hubs. Furthermore, governments in China and India are actively investing in port infrastructure, driving up demand for container unloading equipment.
Europe is predicted to expand at the fastest CAGR throughout the projection period. Germany contributes the most to the market. In addition to its bustling seaports, Germany has a number of important inland ports that serve as entrance points to inland waters. Bremerhaven, Wilhelmshaven, and Hamburg are Germany's primary ports, serving as hubs for all forms of cargo and transshipment, as well as gateway ports. Duisburg, often known as Duisport, is a major inland port in Germany and widely recognized as the world's most important inland port.
The Container Unloading Equipment Market involves a number of important players seeking significant market share; the companies operating in this industry are Konecranes, Kalmar, Liebherr, Hyster-Yale Materials Handling, CVS Ferrari, and Terex Corporation, among others. The major companies provide a variety of container unloading equipment, which includes reach stackers, straddle carriers, and AGVs. The rivalry between these companies involves product innovation, pricing strategies, after-sales services, as well as their geographic presence. Not only this, but on considering the trends in the market-such as the increased adoption of automation and digitalization in container handling operations-have further escalated the race between the different competitors in the market.
In March 2024, St. Luke's Health System, a well-known non-profit healthcare institution based in Idaho, has forged a strategic alliance with Equipment Depot, Inc. and Hai Robotics. Equipment Depot, Inc. is America's biggest independently run supplier for material management and equipment rentals, and Hai Robotics is a global leader in Automated Storage and Retrieval Systems (ASRS). This collaboration intends to improve the efficiency of order picking and fulfillment procedures for medical and surgical products at St. Luke's planned warehouse in Meridian, Idaho.
GLOBAL CONTAINER UNLOADING EQUIPMENT MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Konecranes (Finland)
Kalmar (Finland)
Liebherr (Switzerland)
Hyster-Yale Materials Handling (US)
CVS Ferrari (Italy)
Terex Corporation (US)
Mitsubishi Heavy Industries (Japan)
Shanghai Zhenhua Heavy Industries (ZPMC) (China)
Anhui Heli Co., Ltd (China)
Cargotec Corporation (Finland)
SANY Group (China)
Manitou Group (France)
Toyota Industries Corporation (Japan)
JCB (UK)
Doosan Corporation (South Korea)
HANGCHA Group Co., Ltd (China)
Hyundai Heavy Industries Co., Ltd. (South Korea)
Komatsu Ltd. (Japan)
JLG Industries, Inc. (US)
Crown Equipment Corporation (US)
Others