Global Container Stacking Cranes Market 2017-2021

Overview of the global container stacking cranes market

The volume of cargo is increasing due to growth in trade activities across the globe. The focus on the improvement of terminal operations is also increasing due to the rising need for stringent environmental and safety initiatives, increasing size of container vessels, and growth in the container throughput. The terminal capacities will further increase due to the rising investments and the structural changes in port and terminal industry. Technavio’s market research report identifies that the increased container port traffic will be one of the primary growth drivers for the global container stacking cranes market till 2021. APAC is the hub for more than half of the traffic. The growth opportunity for container stacking crane equipment manufacturers will also increase with the growth in the container traffic. The share of the global container trade will also increase due to the increasing growth rate of container traffic in developing countries. This in turn, will boost the demand for container stacking cranes. Technavio’s market research analysts predict that this market will grow at a CAGR of close to 5% by 2021.

The container port is experiencing changes in its demand due to the introduction of bigger container vessels. These containers have high throughput. Various industry players are required to adopt these containers due to the rising pressure from shipping carriers. This in turn, will boost growth in the terminal and hinterland infrastructure. Hinterland development is identified as one of the key trends that will gain traction in the container stacking cranes market throughout the predicted period. The adoption of giant crane equipment and bigger container vessels will continue to gain popularity because it creates a substantial competitive advantage for the carrier and reduces the associated costs. Terminal operators and hinterland transport vendors are introducing communication systems to coordinate the information in the supply chain, optimize the use of the container crane equipment, accelerate the container flow, and improve the productivity.

Competitive landscape and key vendors

The container stacking cranes market is highly competitive. Various companies are trying to gain a competitive edge over their competitors by developing products using their financial resources and technical expertise. The rising technological innovations, such as LAS equipped RTGs and automated stacking cranes and the increasing product extensions will further strengthen the competitive environment of the container crane market.

Key vendors in this market are -

• Doosan Heavy Industries & Construction
• Gantrex
• Kalmar
• Konecranes
• Liebherr
• Terex

Other prominent vendors in the market include Anupam Industries, Baltkran, Mi-Jack Products, and Paceco.

Segmentation by product and analysis of the container stacking cranes market

• Rubber tyred gantry cranes (RTG)
• Rail mounted gantry crane

The emergence of technological advancements such as active load system (ALS) will boost the growth prospects for the container stacking cranes market in the rubber tyred gantry crane segment during the forecast period. A large number of manufacturers offer RTGs for various end-uses by equipping the crane with ALS technology. This in turn, enhances the stability of the container. These technological advancements have increased the efficiency of cranes during loading and unloading of the container from the ship.

Segmentation by geography and analysis of the container stacking cranes market

• Americas
• APAC
• EMEA

The rising number of manufacturing and distribution activities and the presence of three main shipping fronts in South America is driving the container stacking cranes market’s growth in the Americas. The adoption of container stacking cranes among shippers and carriers is increasing due to the low costs benefits associated with these cranes. Developing countries, such as Brazil, Chile, and Argentina are also contributing growth to the container crane market.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global container stacking cranes market?
• What are the key market trends impacting the growth of the global container stacking cranes market?
• What are the challenges to market growth?
• Who are the key vendors in the global container stacking cranes market?
• What are the market opportunities and threats faced by the vendors in the global container stacking cranes market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global container stacking cranes market?

Technavio also offers customization on reports based on specific client requirement.