The global container stacking machine market is likely to be valued at US$ 2,307.9 Million in 2022. Global demand for container stacking machines has increased as a result of increasing marine traffic and the ongoing need for effective port container placement solutions. From 2022 to 2032, the market is poised to flourish at a CAGR of 4.2% to reach a valuation of US$ 3,482.6 Million.
“Continuous growth in commodity exports has greatly increased the need to preserve space at the international ports. To increase labour efficiency and container stacking management, major manufacturers continuously invest in stack reacher feature enhancement.
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Market Competition
Some of the key participants present in the global Container Stacking Machine market include
- Baltkran,
- Hyundai same crane division,
- Kenz figure,
- Konecranes,
- Kunz, Liebherr international Deutschland,
- Mitsui Engineering & Shipbuilding,
- Paceco,
- Tab Gmbh Rostock,
- TCM by Unicarriers,
- Terex, and ZPMC, among others.
Attributed to the presence of such high number of participants, the market is highly competitive. While global players such as Baltkran, Hyundai same crane division, Kenz figure, Konecranes, Kunz, and Liebherr international Deutschland, account for a considerable market size, several regional level players are also operating across key growth regions, particularly in Europe.
Recent Development
- In July 2021, Hyundai Infra Solutions (HIS) was launched through a vertical spin-off to specialize its existing business, strengthen its competitiveness, and gain new growth momentum. The Hyundai Infra Solutions spin-off will allow HSHI to focus on the construction of ships, meanwhile, HIS will be dedicated to manufacturing cranes and bulk handling plants.
- In June 2021, Liebherr launched a new LHM mobile harbor crane 800 for Veemnatie in Antwerp to increase the handling capacity. Veemnatie NV is a joint venture between 5de Havendok NV and Steinweg in Belgium.
- In June 2021, Konecranes launched a new generation of energy-efficient mobile harbor cranes. Generation 6 marks the first comprehensive revamp of Konecranes Gottwald’s mobile harbor crane portfolio in 15 years.
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Market Dynamics on Container Stacking Machine Market
Drivers:
Many factors drive the global container stacking machine market and some of the key factors which are highlighted are end to end service offering by container stacking machine market which makes it a stand out point of differentiation.
Along with the need to evolve from the earlier traditional way of doing business to IT support channels and this is possible with the enormous investment made by container stacking machine manufacturers which lead to a unique experience on business to business level. These is equally supported by the flexibility based charging to address the business uncertainty and to reduce risk from the distributers.
Restraints:
At the same time, the variation in supply and demand is the main reason that creates an imbalance which leads to volatility in revenue of container stacking machine market. Along with the high rate of unused containers which poses a serious fall back to container stacking machine market.
One of the worst prudence faced by small players is squeezing of the market in a dirty price war game in which the major players dominate the market eventually leaving small players with no chance of profit which indirectly pushes them on the verge of closure. And also a sudden change in the dependent factors such as gases, etc which automatically affect the demand of correlated industries such as food and beverages which rely heavily on container stacking machine market.
As per the statically data published by world trade organization of the last decade, regions such as Asia, Europe and North America itself accounted for more than 80 percentage of trade. Merchandise trade between the developing nations has also significantly increased, showing positive signs of growth in regions of Asia.
Brazil, China and India are a point of interest in coming years. With strong initiatives taken by the developing nations, it is bound to have a positive impact on packaging industry and eventually container stacking machine market.
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Which Are Some Prominent Drivers Spearheading Container Stacking Machine Market Growth?
The constantly increasing containerized trade, coupled with the rising trend of port automation to cope up with the increased demand, has led to automated equipment for container handling being offered, which, in turn, is driving the demand for container stacking machine market globally.
In addition, to meet the stringent emission norms, machines with higher fuel efficiency, and lower or zero emissions are in demand, which are expected to escalate the growth of the Container Stacking Machines Market over the analysis period.
Millions of goods containers from different industries, such as automotive, chemicals and materials, petrochemicals, and consumer goods, are traded every year around the globe.
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