Container Handling Equipment Market Growth and Production Forecast 2034

Container Handling Equipment Market Expansion Insights

The container handling equipment market is anticipated to grow from USD 8.92 billion in 2025 to USD 18.99 billion by 2034, with a compound annual growth rate (CAGR) of 8.76% during the forecast period from 2025 to 2034.

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This growth trajectory is primarily driven by the expansion of international commerce and the increasing demand for cargo transportation, which have been defining factors in global economic development in recent decades.

In particular, Asia-Pacific nations such as China and India are expected to experience the highest growth rates in the container handling equipment market. This can be attributed to the proliferation of large-scale manufacturing facilities engaged in significant imports and exports, spurred by globalization and industrialization trends in the region.

Furthermore, emerging trends toward the automation of port terminals, propelled by advancements in technology and the need for greater efficiency, are reshaping the container handling equipment landscape. Additionally, the booming e-commerce industry is driving demand for streamlined logistics operations, further fueling the need for innovative container handling solutions.

Moreover, there is a growing emphasis on electric and hybrid equipment in the container handling sector, driven by concerns for worker safety on the production floor and the implementation of stringent emission norms. This presents lucrative opportunities for businesses to capitalize on the growing demand for environmentally friendly and efficient container handling solutions.

The container handling equipment market is poised for growth, driven by factors such as the expansion of international commerce, increasing automation of port terminals, the booming e-commerce industry, and the demand for electric and hybrid equipment. Businesses operating in this sector stand to benefit from leveraging these trends to drive innovation and capture market opportunities.

Container Handling Equipment Market Trends

Growing Emphasis on the Electrification of Container Handling Equipment

The growth of the global economy and ongoing economic development are driving increased demand for packaging materials across various industries. These materials find extensive use in construction, manufacturing, ports, and other sectors due to their versatile applications. Furthermore, the expansion of e-commerce and retail trade, particularly in emerging economies like India, Brazil, Singapore, and Mexico, is further boosting sales of packaging materials.

Eco-efficiency has emerged as a critical consideration in transportation and equipment sectors. Energy efficiency is now a key trend as ports and terminals worldwide strive to enhance efficiency and reduce emissions. Adoption of electric and hybrid vehicles is expected to rise as countries prioritize emission reduction efforts.

Moreover, some e-commerce companies are adopting new strategies such as investing in driverless cars and electric box forklifts to expedite goods loading and storage processes, thereby reducing delivery times. Stringent carbon dioxide emissions regulations for diesel vehicles have prompted manufacturers to enhance safety standards for forklifts. Government support for business needs in compliance with emissions regulations is expected to continue throughout the forecast period.

In response to stricter emissions regulations, packaging material manufacturers are required to enhance product strength without compromising capacity. Compliance with new emissions standards set by regulatory bodies like the U.S. Environmental Protection Agency (EPA) is driving the adoption of Tier 4 technology in new packaging equipment, including trucks and non-residential machinery used in various sectors such as construction, agriculture, mining, and utilities.

Advancements in forklift technology are also contributing to enhanced safety in the workplace. Features such as improved maneuverability and reduced risk of accidents help prevent injuries and maintain productivity. Reduced accidents also translate to lower maintenance requirements for forklifts, further contributing to operational efficiency and safety.

Asia-Pacific Remains the Market Leader

The Asia-Pacific region, comprising major economies like China and India, boasts extensive trade networks fueled by abundant raw materials, finished products, and a robust containerized goods market. China, particularly, stands out with its remarkable economic development supported by significant growth. With 34 ports and 2,000 smaller ports, China's maritime infrastructure is extensive. Notably, Shanghai Port stands as the world's largest port, handling a staggering throughput of 43.3 million TEU.

While China's growth trajectory is transitioning from rapid to moderate growth due to shifting demographics and economic restructuring, it remains a global manufacturing hub. Many multinational companies leverage China's production capabilities and export prowess to reach global markets, solidifying its position as an economic powerhouse.

In recent years, China's port development has been remarkable, with seven of the world's top ten ports by cargo and container volume located within its borders. Yangshan Port, a vital component of Shanghai Port, accounts for over 40% of the total container volume, showcasing China's dominance in global trade. The ongoing expansion projects, such as the fourth phase of the Yangshan Port, are poised to further boost China's container handling capacity, surpassing even the combined annual container throughput of all ports in the United States.

India, another key player in the region, boasts a thriving economy supported by robust import and export activities. Mumbai Port, the largest and busiest port in India, serves as a vital gateway for trade.

In Japan, renowned for its leading cargo handling machinery manufacturers, local companies enjoy autonomy in designing and producing equipment tailored to Japanese ports' unique needs. Their emphasis on innovation, production quality, and design aesthetics often translates into prolonged market entry timelines for foreign products.

Japan grapples with demographic challenges, including an aging and declining population. In response, companies are investing in technological advancements such as packaging machines and electrification to enhance productivity and safety. Additionally, the replacement of aging equipment with newer, cost-effective alternatives is gaining traction. Companies like KONE Cranes and Kalmar offer recycling services and legacy automation solutions, contributing to Japan's efforts towards modernization and efficiency in cargo handling.

Container Handling Equipment Market Overview

Companies have made significant investments in research and development to introduce new and advanced products to the market. Moreover, the expansion of manufacturing facilities globally is anticipated to drive market growth in the foreseeable future.

For Instance,

• In September 2023, World Port established the Far East Terminal of Vostok Port Stevedoring Company (VSC) and entered into an agreement with Shanghai Zhenhua Heavy Industry Company (ZPMC) to procure container equipment for the port, indicating a significant investment in expanding infrastructure and equipment.
• In October 2022, Toyota Material Handling introduced a new version of the Toyota three-wheel electric forklift in North America. These electric forklifts come with enhanced features and technology, building upon the success of the best-selling forklifts in the segment.
• Furthermore, Kalmar, a subsidiary of Cargotec, partnered with Westport AS in January 2022 to supply the world's first electric stacker equipped with Norway's unified payment system. This agreement also includes a five-year contract for Kalmar Total Care Services, underscoring the commitment to providing comprehensive service solutions to customers. Delivery of the electric stacker is anticipated in the fourth quarter of 2022, reflecting the company's focus on advancing sustainable and efficient material handling solutions.

Container Handling Equipment Market Key Players

• Cargotec Corp.
• Liebherr Group
• SANY Group
• Shanghai Zhenhua Heavy Industries Co. Ltd (ZPMC)
• Hyster-Yale Materials Handling Inc.
• Anhui HELI Forklifts Group Co. Ltd
• Hoist Material Handling Inc.
• CVS Ferrari SpA
• Lonking Holdings Limited
• Konecranes

Container Handling Equipment Market Recent Developments

• July 2023: Hyster-Yale Materials Handling Inc. unveiled its latest line of electric forklifts featuring advanced lithium-ion battery technology. The new models include a high-capacity reach truck, a compact electric pallet jack, and a versatile order picker, catering to diverse material handling needs across industries.
• June 2023: Crown Equipment Corporation introduced an innovative range of electric forklifts equipped with state-of-the-art regenerative braking technology. These new models offer enhanced energy efficiency and extended battery life, making them ideal for demanding warehouse operations.
• May 2023: Jungheinrich Group launched its newest series of electric pallet trucks, designed to provide superior performance and maneuverability in narrow aisles and confined spaces. The upgraded models feature enhanced ergonomics and intuitive controls, improving operator comfort and productivity.
• April 2023: Linde Material Handling expanded its portfolio of electric forklifts with the introduction of advanced Li-ion powered reach trucks and stackers. The new models offer increased lifting capacities and improved energy efficiency, addressing the evolving demands of modern warehouse environments.

Container Handling Equipment Industry Segmentation

Container handling equipment plays a crucial role in the transportation of containers across various industries such as ports, logistics, warehouses, and more. This equipment is essential for efficiently moving containers from one location to another.

The container handling equipment market is segmented based on equipment type, propulsion type, and geography. In terms of equipment type, the market includes forklift trucks, stacking cranes, mobile harbor cranes, and rubber-tired gantry cranes. Each of these equipment types serves specific purposes in container handling operations.

Furthermore, the market is segmented based on propulsion type, which includes diesel, electric, and hybrid options. These propulsion types offer different benefits and cater to varying needs within the container handling industry. Diesel-powered equipment is commonly used for its robustness and high power output, while electric options are favored for their eco-friendliness and lower operating costs. Hybrid propulsion systems combine the advantages of both diesel and electric power, offering enhanced efficiency and flexibility.

Overall, the segmentation of the container handling equipment market allows for a comprehensive understanding of the diverse range of equipment available and the propulsion options that best suit different operational requirements.

Market Segmentation

By Equipment Type

• Forklift Truck
• Stacking Crane
• Mobile Harbor Crane
• Rubber-tired Gantry Crane

By Propulsion Type

• Diesel
• Electric
• Hybrid

By Geography

• North America
  • United States
  • Canada
  • Rest of North America
• Europe
  • Germany
  • United Kingdom
  • France
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle-East and Africa
  • South Africa
  • Rest of Middle East and Africa