The container weighing systems market is expected to grow at a slow 3.2% CAGR during the forecast period. The container weighing systems market is currently valued at US$ 3,339.4 million in 2022, and it is expected to reach US$ 4,567.8 million by 2032.
Container weighing systems are crucial in the management of shipping containers to ensure that operations are not disrupted. The manufacturers provide Container Weight Systems that are specifically designed to comply with the Safety of Life at Sea Convention (SOLAS) requirements and to calculate precise weight for proper container handling and safe vessel stowage following SOLAS revisions.
Container Weighing Systems will be in high demand as the need for reliable weight measurements of containers for marine transportation grows. Furthermore, the Container Weight System must be able to be customized to meet the requirements of existing spreader-based container handling equipment, such as load pin, load cell, and twist lock choices.
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The container Weighing System offers substantial operational savings to the users as it avoids waste of time and money due to returning of overweight containers and delays caused by third-party weighing service providers.
Container Weighing Systems Market: Drivers and Restraints
Container Weighing is gaining importance in the global shipping industry after International Maritime Organization (IMO) amended the SOLAS which requires 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 an 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 the infrastructure sector will significant role in increasing the transportation sector. One of the major focus route for market participant to increase sales volume of Container Weighing Systems will be the 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: 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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The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Competitive Landscape
Key Players Revolutionizing the Market
Market participants are constantly innovating and engaging in numerous mergers and acquisitions in order to curate convenient weighing system solutions for end-users. They are launching compelling initiatives that adhere to industry preferences in order to boost demand in the global container weighing systems market.
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 players in the market
- ATLAS WEIGHING PTY. LTD.
- Avery Weigh-Tronix LLC
- Bromma
- Conductix-Wampfler GmbH
- Fairbanks Scales, Inc.
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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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