The container weighing systems market is anticipated to grow at a slow rate of 3.2%. The current valuation of the container weighing systems market is US$ 3,339.4 Million in 2022 and it is anticipated to surpass US$ 4,567.8 Million by the year 2032.
In order to handle shipping containers without disrupting operations, container weighing systems are crucial. Following changes to the Safety of Life at Sea Convention (SOLAS), manufacturers are now selling Container Weight Systems that are especially designed to comply with SOLAS rules and derive precise weight for safe vessel stowage and proper container handling.
The demand for container weighing systems will be significantly influenced by the need to weigh containers accurately for sea transit. Additionally, the Container Weight System needs to be able to be customised to fit the needs of spreader-based container handling equipment, including choices for load pins, load cells, and twist locks.
The container weighing systems provide users with significant operational savings by preventing time and money loss due to returning overweight containers and delays brought on by outside weighing service providers.
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Container Weighing Systems Market: Drivers and Restraints
The Container Weighing are gaining importance in the global shipping industry after International Maritime Organization (IMO) amended the SOLAS that require all containers to be either be directly weighted to confirm their weight as a condition for loading aboard a vessel. The new laws for container transportation are anticipated to play important part in the growth of the global container weighing system market in the coming years.
The Container Weighing Systems will be major assets for all the stakeholders within the container supply chain in order to comply with amended SOLAS regulations. In the coming years, the demand for container weighing systems is expected to continuously rise in proportion to rising global trading volume.
The development in emerging economies in infrastructure sector will significant role in increasing transportation sector. One of the major focus route for market participant to increase sales volume of Container Weighing System will be One Belt One Road (OBOR) transport network.
The growing adoption of automation at major ports will also create positive impact over the global container weighing system market. In terms of applications of container weighing system, the ports will hold lion’s share in the market in the coming years. The high investment required for installing Container Weighing Systems may pose restraint on the global container weighing system market in the future.
However, the operational benefits and mandatory compliance with the regulations are expected to offset the impact.
Container Weighing Systems Market: Region-Wise Outlook
The global Container Weighing Systems market is segmented into seven key regions: North America, Latin America, Western Europe and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA).
In the coming years, Western Europe, Japan and North America are expected to hold major share in the demand of Container Weighing Systems mainly driven by strict government safety regulations for the transportation sector in the developed regions.
The APEJ is expected to register significant growth due to rapidly developing manufacturing base and rising automation among various end user industries in the developing economies such as China and India in this region. The MEA, Latin America and Eastern Europe are also expected to register healthy CAGR over the forecast period.
Container Weighing Systems Market: Market Participants
Examples of some of the market participants identified across the value chain of the global Container Weighing Systems market include:
- Avery Weigh-Tronix LLC
- Fairbanks Scales, Inc.
- Flintec Group AB.
- Hottinger Baldwin Messtechnik GmbH.
- LCM Systems Ltd.
- Mettler-Toledo International Inc.
- Rice Lake Weighing Systems, Inc.
- Sherborne Sensors Ltd.
- Tamtron OY
- Weightron Bilanciai Ltd.
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Recent Developments
- Avery Weigh Tronix has launched a new range of ZM201 series of weighing indicators for accurate load calibration and indication.
- In 2020, terminal operator SSA Marine announced that the retrofitting of its rubber-tired gantry (RTG) cranes to battery power produced remarkable results. The project was part of the Port of Oakland’s Seaport Air Quality 2020.
Key Segments in the Container Weighing Systems Market
By Medium:
- Rail
- Road
- Ship
By Vertical:
- Chemical
- Construction
- Food & beverage
- Manufacturing
- Mining & aggregates
- Transport & logistics
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
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