Global Container Stacking Cranes Market 2017-2021
About Container Stacking Cranes
Container stacking cranes are used in port and warehouses, and container terminals for handling all kinds of containers (for loading and unloading intermodal containers). Container stacking cranes have maneuverability and can turn in tight spaces while traveling inside warehouses, under awnings and up to docks. Compared with the conventional container equipment, cranes have lower capital, operating, and maintenance costs, and lower tire wear and fuel consumption. The units’ low ground pressure further reduces tire wear. In addition, the units do not require specialized paving or flooring.
Technavio’s analysts forecast the global container stacking cranes market to grow at a CAGR of 4.60% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global container stacking cranes market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Container Stacking Cranes Market 2017-2021
Technavio recognizes the following companies as the key players in the global container stacking cranes market: Doosan Heavy Industries & Construction, Gantrex, Kalmar, Konecranes, Liebherr, and Terex.
Other Prominent Vendors in the market are: Anupam Industries, Baltkran, Mi-Jack Products, and Paceco.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is adoption of automation. A fleet of coordinated automatic container stacking cranes becomes a necessity when the speed is geared up at the quay. The container stacking cranes must be capable of fully supporting the quay operation and deliver good services to landside container transportation. During 2007-2017, many terminals implemented highly-automated container stacking cranes.”
According to the report, one driver in the market is increased container port traffic. The growth in the global trade is increasing the cargo volumes. In addition, the growth in container throughput, increasing the size of container vessels, and tightening environmental and safety requirements are increasing the pressure on the improvement of terminal operations. The port and terminal industry are going through structural changes that are triggering investments and leading to the growth in terminal capacities. The global container port throughput is expected to grow by around 5% during the forecast period. The fastest growing region is APAC, which is the hub for more than half of the traffic. The average container traffic growth rate of major ports is 4.02%.
Further, the report states that one challenge in the market is high entry barrier. Few big players are already dominating the global container stacking cranes market. These players have a strong customer base across the world. Their strong presence will affect the entry of new players during the forecast period. Container stacking cranes systems have longer life cycle spans of around 11-19 years. Once the system is installed in the terminal, it cannot be replaced until there is a fault in the entire system. Therefore, initial investment and maintenance cost for the container stacking cranes system is high, which restricts the customer to switch or experiment the new player's product.
Doosan Heavy Industries & Construction, Gantrex, Kalmar, Konecranes, Liebherr, Terex, Anupam Industries, Baltkran, Mi-Jack Products, and Paceco.