Global Container Weighing System Market 2017-2021

Overview of the global container weighing system market

Accidents such as container stack collapses and container losses disrupt the container supply chain and this inuced the International Maritime Organization (IMO) to mandate the he weighing of sea containers to ensure the safety of the container supply chain. This regulation is expected to be issued by the safety of life at sea (SOLAS convention). SOLAS requirements enhance the safety of the entire container shipping sector by protecting crews, business, and the environment. The SOLAS regulation mandates the need for weighing the container with reference to the packing, contents, securing materials, and the tare weight of the container, which in turn, will drive the demand for container weighing systems. Technavio’s market research report identifies that the implementation of mandatory SOLAS regulations will be one of the primary factors that drive the growth of the container weighing system market in the coming years. Technavio’s market research analysts predict that the container weighing equipment market will grow at a CAGR of more than 6% by 2021.

One of the key trends that will drive the growth prospects for the global container weighing system market in the forthcoming years is the introduction of systems for weighing containers on chassis. To enable shippers weigh containers in an easy, quick, and cost-efficient manner, the manufacturers are focusing on introducing unique solutions. One of the prominent vendors, BISON has already introduced weighing jacks that are portable and have a compact weight scale that can weigh containers within +/- 59.52 pounds and can feed the container weight data into subsisting information systems.

Competitive landscape and key vendors

The container weighing system market has few global players such as Mettler-Toledo International and a few regional players. The companies are focusing on developing innovative products with their technical expertise and financial resources. The increasing product extensions and technological innovations such as the application of robots in warehouses to pick and retrieve items will intensify the market’s competitive environment. The market is at the mature stage in countries such as France, Germany, the UK, and the US are and the Latin American countries, the Middle East, and APAC offer good scope for players in the container weighing equipment market.

Key vendors in this market are -

• Avery Weigh-Tronix
• Conductix-Wampfler
• Mettler-Toledo International
• Rice Lake Weighing Systems

Other prominent vendors in the market include BISON, Bromma, Fairbanks Scales, Flintec, FUTEK Advanced Sensor Technology, Hottinger Baldwin Messtechnik, and Tamtron.

Segmentation by solution type and analysis of the container weighing system market

• Hardware
• Software

The hardware segment includes weighbridges, reach stackers, mobile harbor cranes, straddle carriers, rubber gantry cranes, ship-to-shore cranes, and container handling forklift trucks. Weighbridge contributes the majority of shares towards the hardware segment. The segment is witnessing growth due to the convenience of using weighbridges in weighing containers. Container handling forklift trucks are highly preferred due to its benefits such as overload protection and non-disruptive way of weight measurement.

Segmentation by geography and analysis of the container weighing system market

• Americas
• APAC
• EMEA

The market for container weighing systems is witnessing significant growth in the Americas due to the rising automation across various industry verticals and the increasing stringent regulations for safe transportation in North America. Owing to the rising emphasis on assuring the safety of transported materials, the container weighing equipment market will continue to grow in the region throughout the estimated period.

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 weighing system market?
• What are the key market trends impacting the growth of the global container weighing system market?
• What are the challenges to market growth?
• Who are the key vendors in the global container weighing system market?
• What are the market opportunities and threats faced by the vendors in the global container weighing system 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 weighing system market?

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