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Container Handling Equipment Market to Hit US$ 2.68 Billion by 2033 | Fact.MR Report

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Rockville , June 12, 2023 (GLOBE NEWSWIRE) — As per Fact.MR, a provider of market research and competitive intelligence, the global container handling equipment market is expected to witness a valuation of US $ 2.68 Billion by 2023. The market is predicted to witness a CAGR of 4.2% during the forecast period of 2023 to 2033.

Equipment for handling containers makes sure that the proper containers are exactly delivered for speedy order processing. Automated container handling ensures rapid and effective material flow and greatly increases output.

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Equipment for container handling is used in terminals to move containers from one location to another. It is utilised to safely and efficiently handle storage yards, container inbound unloading, container outbound loading, and vessel berthing. Due to its various benefits, including as its durability, longevity, and higher productivity, container handling equipment has a wide range of usage in many industries.

Equipment for handling containers is needed due to the expanding transportation market. Also, governments all across the world are concentrating on lowering emissions. As a result, companies that produce container handling equipment offer electric-powered equipment. Increased international trade is increasing demand for container handling equipment. The two pieces of handling equipment that are most in demand are forklift trucks and terminal tractors.

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Report Attributes
Details
Forecast Period 2023 – 2033
Value Projection (2032) US$ 2.68 Billion
Growth Rate (2022-2032) 4.2% CAGR
No. of Pages 170 pages
No. of Tables 70 Tables
No. of Figures 271 Figures

Reduction in Oil Prices Driving Sales of Container Handling Equipment

It is projected that a global decline in oil prices will benefit the shipping sector, driving up demand for container handling equipment. Yet, it is projected that throughout the upcoming years, fuel output would increase, presenting fresh prospects for market expansion.

According to the United States Energy Information Administration, 10.7 million barrels of fuel are expected to be produced daily.

Manufacturers are becoming more and more reliant on the shipping sector to transport their goods. So, it is projected that throughout the forecast period, the demand for container handling equipment would be fueled by falling oil costs paired with an expanding shipping industry.

Key Driving Forces Accelerating the Market Growth

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  • Geographies such as North America are witnessing steady growth in international trade, with a rise in imports and exports. Container handling equipment, such as container cranes, straddle carriers, and reach stackers, plays a crucial role in efficiently handling and transporting containers, thus supporting the growth of international trade.
  • Many ports in North America are expanding their infrastructure to accommodate larger vessels and handle a higher volume of containers. This expansion requires the deployment of advanced container handling equipment to ensure smooth operations and efficient container movement within the port premises.
  • There is a growing trend towards automation and the integration of advanced technologies in container handling equipment. Automated stacking cranes, robotic systems, and remote-controlled equipment are being increasingly deployed to enhance efficiency, reduce labor costs, and improve overall productivity in container terminals.
  • Container terminals are focusing on improving operational efficiency and reducing turnaround times. Advanced container handling equipment offers higher productivity, faster container handling, and improved safety features, enabling terminals to handle a larger volume of containers efficiently.
  • Various infrastructure development projects, such as the construction of new container terminals and the expansion of existing ones, are underway in North America. These projects require the deployment of container-handling equipment to support the efficient handling and movement of containers.

Recent Developments:

Container traffic patterns are being impacted by new shipping line alliances, which are also establishing higher demands for port operators’ efficiency. Cost reductions and long-term strategic advantages can be realised by implementing synergistic mergers between two container shipping lines.

  • In 2019, one of the leading crane service providers in Italy, Italian Trevolution Service SRL, which specialized in crane modernizations, repairs, maintenance, spare parts, and hoists, was acquired by Konecranes, a leading player in the container handling equipment market and a Finnish provider of lifting solutions.

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Key Companies Profiled in This Report

  • Liebherr
  • Cargotec Corp
  • Konecranes
  • SANY
  • Kalmar
  • Hyster-Yale Materials Handling Inc.
  • Terex Corporation
  • JBT Corporation
  • KION Group AG
  • Taylor Machine Works, Inc.
  • Combilift
  • Tadano Ltd.

Vital Indicators Shaping The Future Of The Industry

  • Changes in trade policies and agreements can significantly affect the container handling equipment market. Trade agreements that promote international trade and reduce trade barriers can stimulate the demand for container-handling equipment as trade volumes increase. Conversely, trade disputes or protectionist measures can dampen trade activity and consequently impact the market.
  • The container handling equipment market is driven by technological advancements that enhance efficiency, automation, and safety. Continued innovations in areas such as autonomous vehicles, the Internet of Things (IoT), artificial intelligence, and robotics will shape the future of container handling equipment. The adoption of advanced technologies will lead to improved operational efficiency, reduced labor costs, and enhanced productivity.
  • Environmental sustainability is becoming increasingly important in the container handling equipment market. Stringent environmental regulations and emission standards can drive the demand for eco-friendly and energy-efficient equipment. Manufacturers will need to develop solutions that align with sustainability goals, such as electric-powered or hybrid container-handling equipment.
  • The development and expansion of port infrastructure will continue to shape the container handling equipment market. Investments in expanding port capacities, improving intermodal connectivity, and upgrading terminals will create opportunities for equipment manufacturers. Ports that can handle larger vessels and higher container volumes will require advanced and efficient container-handling equipment.
  • The growing preference for intermodal transportation, which involves the seamless movement of containers across different modes of transport (e.g., ships, trucks, trains), will impact the container handling equipment market. Equipment that supports intermodal connectivity, such as rail-mounted gantry cranes or intermodal container handlers, will be in demand.

Challenges Hindering The Market Growth

  • Outdated or inadequate infrastructure at ports and container terminals can pose challenges to the growth of the container handling equipment market. Insufficient space, outdated handling systems, and limited intermodal connectivity can restrict the efficient movement and handling of containers, impacting the demand for new equipment.
  • Container handling equipment, such as cranes, straddle carriers, and reach stackers, involve substantial capital investments. The high upfront costs associated with purchasing and maintaining this equipment can be a barrier for some operators, especially smaller terminals or businesses with limited financial resources.

Strategies for manufacturers/suppliers to scale in the market

  • Key players should focus on product expansion in different geographies. Key companies can achieve this with the help of strategic developments such as acquisitions, and product standards.
  • Offering customization options and flexibility in equipment configurations can be a differentiating factor for manufacturers. Each container terminal has unique requirements, and manufacturers that can adapt their equipment to meet specific needs gain a competitive advantage. Providing modular designs, configurable features, and flexible solutions enables manufacturers to address the diverse requirements of customers.

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Key Segments of Container Handling Equipment Industry Research Report

  • By Equipment Type :
    • Forklift Trucks
    • Automated Stacking Cranes
    • Reach Stackers
    • Terminal Tractors
    • Straddle Carriers
    • Rail-mounted Gantry Cranes
    • Automated Guided Vehicles
    • Rubber-tired Gantry Cranes
  • By Propulsion :
    • Electric/Hybrid
    • Diesel
  • By Weight Capacity :
    • Below 30 T
    • 30 to 45 T
    • 46 to 60 T
    • 61 to 75 T
    • Above 75 T
  • By Application :
    • Sea Ports/Terminals
    • Yards/Landsides
  • By Region :
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

Explore More Related Studies Published by Fact.MR Research: 

Port and Material Handling Equipment Vehicle Market: Demand for port and material handling equipment vehicles, with the market expected to reach nearly US$ 10 billion by 2031, expanding at a CAGR of around 5%.

Automated Material Handling Equipment Market: The market for automated material handling equipment is expected to reach US$ 91 billion by 2032.

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Material Handling Robot Market Outlook: The global material handling robot market is expected to be at US$ 5,542.0 million in 2023.

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Artificial Intelligence

How AIoT shapes the future of mobility: Hikvision at ITS World Congress 2024

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HANGZHOU, China, Sept. 27, 2024 /PRNewswire/ — Hikvision made a significant impact at the ITS World Congress in Dubai with its captivating theme, “Embrace AIoT for safer, smarter, and greener mobility.” Its booth became a hub of innovation, where visitors explored AIoT solutions that are reshaping the transportation landscape, sparking deep conversations on the future of urban mobility.

Road safety revolution: harnessing AIoT for secure transportation
Hikvision’s commitment to road safety was on full display at its booth through the impressive array of AIoT solutions designed to create secure and reliable traffic environments. The company’s technology provides 24/7 traffic monitoring, ensuring continuous oversight of motor vehicles, non-motorized vehicles, pedestrians and environmental factors. This comprehensive, real-time information collection enables traffic managers to prevent accidents and enhance road safety. Among the showcased products was the 20 MP IR ANPR Checkpoint Capture Unit, renowned for its high-definition capture capabilities, bolstering traffic safety measures.
A standout innovation was the integration of advanced radar and camera technologies, ensuring uninterrupted, comprehensive detection even in adverse weather conditions. The Radar-Video Fusion Incident Detection Cameras, featured prominently in the product experience area, enable early detection and warning of potential hazards. They are particularly effective in challenging situations such as curved roads, blind spots at intersections, and obstacles beyond visual range.
Attendees also engaged with onboard monitoring products on the simulated bus, including dome network cameras, which is designed to enhance passenger safety. Driving assistance products, such as the Driver Status Monitor (DSM), were demonstrated to mitigate unsafe driving behaviors and ensure safer journeys.
Urban mobility redefined: smart traffic innovations
In the realm of smarter mobility, Hikvision showcased its multidimensional sensing technology, which integrates visible light sensors, infrared sensors, radar, and sonar. This technology expands perception capabilities, significantly improving traffic management and situational awareness. The use of AI-powered comprehensive sensing elevates incident monitoring and violation detection to unprecedented levels of accuracy and efficiency.
A major attraction was the Radar-Video Fusion TandemVu PTZ Camera, which integrates millimeter-wave radar with high-resolution cameras for extensive traffic detection and data analysis. AI-based algorithms combine these two systems to enhance target information, detecting up to 16 types of incidents. This leads to the development of a large-scale fusion model that merges spatial physical data with image semantic information. The result is ultra-long-range perception, achieving over 95% accuracy in vehicle trajectory detection. This robust system improves traffic violation management and optimizes traffic flow, significantly enhancing road efficiency.
At the simulated bus station, visitors observed how AI-assisted people counting automated the collection of passenger flow statistics at peak stop hours and bus line frequency during busy periods. Paired with smart bus stop digital signage, the solution improves bus service quality, operational efficiency, passenger experience, and overall public transport effectiveness.
Sustainable transportation: leading the charge for greener cities
Hikvision’s commitment to sustainable urban mobility was evident through its innovative green wave technology and eco-friendly checkpoint solutions. Green wave technology efficiently manages traffic flow to reduce congestion and lower carbon emissions, aligning with global sustainability goals. Visitors were particularly impressed by a case study showcasing a green wave solution implemented in Zhoushan, China. Over a stretch of 21 kilometers and 34 intersections, this main road cut travel times by 50%.
The use of DarkFighterX technology in checkpoint cameras also received significant attention. This technology senses both visible and invisible light, resulting in more accurate and realistic images. It enhances traffic violation enforcement efficiency while minimizing the need for high ambient light levels, thus reducing light pollution. The 9M DarkfightX ANPR Checkpoint Camera exemplified this dedication to environmental stewardship.
Frank Zhang, President of Hikvision MEA, remarked, “Hikvision supports sustainable urban planning by empowering traffic departments to address congestion and transportation challenges.” He further emphasized, “Our system’s openness fosters a secure and reliable platform for developing smart and green cities. Additionally, our solar technology is extensively utilized in remote areas, while our smart street lighting solutions reduce energy consumption by 20-30%, promoting intelligent urban transportation and advancing global sustainability objectives.”
Hikvision’s presence at the ITS World Congress in Dubai underscored its leadership in integrating AIoT technologies to drive safer, smarter, and greener mobility solutions. The engaging presentations and advanced product demonstrations captured significant attention from industry partners and customers, reaffirming the company’s role as a pioneer in shaping the future of urban transportation. As the world moves towards more intelligent and sustainable transportation systems, Hikvision remains at the forefront, embracing AIoT to create a safer, smarter, and greener future for all.
To find out more about Hikvision’s advanced traffic and public transport solutions, please explore the Hikvision official website.
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Artificial Intelligence

Anti-Drone Market worth $7.05 billion by 2029 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Sept. 27, 2024 /PRNewswire/ — The global anti-drone market was valued at USD 2.16 billion in 2024 and is projected to reach USD 7.05 billion by 2029; it is expected to register a CAGR of 26.7% during the forecast period according to a new report by MarketsandMarkets™. Increasing government spending on counter-drone technologies, rising incidence of critical infrastructure security breaches by unauthorized drones, and surge in adoption of aerial remote sensing technologies to safeguard critical infrastructure are attributed to the demand for anti-drone.

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Browse in-depth TOC on “Anti-Drone Market” 178 – Tables61 – Figures253 – Pages
Anti-Drone Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 2.16 billion
Estimated Value by 2029
$ 7.05 billion
Growth Rate
Poised to grow at a CAGR of 26.7%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By System Type, Application, Platform type, Vertical, and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Vulnerability to hacking
Key Market Opportunities
Emphasis on improving unmanned aircraft systems technology
Key Market Drivers
Growing number of illicit activities
By System Type: Hybrid systems to account for the larger market share in the forecasted year.
The hybrid segment accounted for the largest share of the anti-drone market in 2029. The trends of integrating multiple anti-drone technologies are rising since they are most effective in detecting, tracking, and neutralizing drone threats. These systems merge electronic, kinetic, and lasers, providing a comprehensive defense solution against UAVs. Hybrid systems use electronic, kinetic, and laser-based countermeasures to offer optimum protection against drones. These systems are designed to detect, track, identify, categorize, and mitigate drones at operational wide ranges ranging from a few km up to tens of km.
By Platform: The ground-based segment accounted for the largest market share in the forecast year.
The ground-based segment will hold a major share of the anti-drone market in 2029. Many ground-based anti-drone systems use several electronic technologies, such as radar, IR sensors, acoustic systems, and RF & GNSS jammers. MESA radar solutions are used mostly for counter-UAS purposes, protecting critical infrastructure, military camps, and other security-sensitive sites from unauthorized drones. One such solution is EchoGuard, a ground-based airspace management solution that contains a software-defined 3D radar that can be specific to the site. This system can identify single or multiple off-chance drones, including swarms in unauthorized areas. They provide accurate and sustained airspace surveillance for the field of view (FOV) they are configured, and both human and AI-monitored visual checks. The system can be easily transported and integrated directly with the command-and-control centers or another identification sensor for portable use, and multiple units of the system can be combined to cover vast areas or lengths of borders. Major providers of ground-based counter-drone systems include companies like EchoDyne Corporation, DeTect, Meteksan Defense, and WhiteFox Defense. Acoustics-based Discovair G2 utilizes patented microphone arrays. With 128 interconnected microphone elements, the Discovair sensor units can establish azimuth and elevation to the target in real-time using advanced digital signal processing.
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By Region: Americas are expected to hold the largest share of the anti-drone market during the forecast period.
Americas is expected to capture the largest share in the anti-drone industry during the forecast period. The growth can be attributed to protecting crucial infrastructure in the region. Governments, particularly in the US, invest in anti-drone systems for military bases, borders, and critical infrastructure. For Instance, in April 2023, RTX secured a USD 237 million contract from the US Army to provide Ku-band Radio Frequency Sensors (KuRFS) and Coyote effectors. These systems are designed to detect and neutralize unmanned aircraft systems (UAS). The contract includes stationary and mobile systems and a specified quantity of effectors, all aimed at enhancing the Army’s operations within the US Central Command region.
Key Players-
The key companies offering anti-drone companies include RTX (US), Lockheed Martin Corporation (US), Leonardo S.p.A. (Italy), Thales (France), and IAI (Israel).
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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting
Related Reports: 
Drone Sensor Market Size, Share, Industry Growth & Trends by Sensor Type, Platform (VTOL Type, Fixed Wing Type, Hybrid Type), Application (Navigation, Collision Detection & Avoidance, Data Acquisition, Motion Detection, Power Monitoring), End Users and Region – Global Forecast to 2029
Smart Agriculture Market Size, Share, Statistics and Industry Growth Analysis Report by Offering (Hardware, Software, Services), Agriculture Type, Farm Size (Large, Medium, Small), Application (Precision Farming, Livestock Monitoring) and Region (America, Europe, Asia Pacific, Row) – Global Forecast to 2028
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact: Mr. Rohan SalgarkarMarketsandMarkets™ INC. 1615 South Congress Ave.Suite 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: [email protected] Our Web Site: https://www.marketsandmarkets.com/Research Insight: https://www.marketsandmarkets.com/ResearchInsight/anti-drone-market.aspContent Source: https://www.marketsandmarkets.com/PressReleases/anti-drone.asp
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Artificial Intelligence

CluePoints Launches Medical & Safety Review (MSR) Software to Revolutionize Clinical Data Review

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CluePoints furthers its commitment to delivering innovative solutions that enhance clinical trial efficiency with this latest addition to its enterprise software platform.
KING OF PRUSSIA, Pa., Sept. 27, 2024 /PRNewswire/ — CluePoints continues to transform clinical trial review and leverage its industry-leading software to enhance the interrogation, analysis and presentation of data with the launch of its latest application, Medical & Safety Review (MSR).

The tool simplifies and streamlines the medical analysis of study data through user-friendly dashboards, data manipulation and cleaning, query management and full transparency over the data history. This not only improves efficiency and communication in medical oversight, but also elevates patient safety, differentiating MSR as a smarter and unique solution.
Designed by, and for Medical and Safety Reviewers, MSR converts the manual analysis of patient outcomes, which can be prone to inefficiency and error, into an accurate, efficient process. MSR tackles time-consuming study preparation for specific visualizations by featuring a comprehensive standard visualization library as well as the ability to copy and reuse dashboards across different studies, enabling the identification of outlying values, change tracking, and improved communication for smarter clinical trials.
Other benefits of MSR include:
Enhanced medical review efficiency and reduced human errors via automated checksReduced time spent by clinical and data management teams in reviewing dataImproved collaboration with integrated review workflows across departmentsEnsured record quality and accountability with comprehensive change trackingDriving faster decision making with the proactive detection of trends and safety issuesEnsuring regulatory compliance with rule-based detection and user assignmentsAndy Cooper, Chief Executive Officer at CluePoints, commented, “We are thrilled to announce the launch of Medical & Safety Review to our growing product offerings. MSR is the latest application addition to the CluePoints platform, which includes products such as Risk-Based Quality Management (RBQM) and our Site Profile & Oversight Tool (SPOT). Together, they provide a comprehensive approach to clinical trial optimization, enhancing data integrity, ensuring regulatory compliance, and accelerating drug development. The creation of MSR ensures a more streamlined review process while prioritizing patient safety at every step and empowers medical teams to swiftly identify outliers, track data changes, and improve communication.”
To learn more about CluePoints’ award-winning solutions, please visit www.cluepoints.com
About CluePoints
CluePoints is the premier Risk-Based Quality Management (RBQM) and Data Quality Oversight Software provider. We are leveraging the potential of Artificial Intelligence using Advanced Statistics and Machine Learning to determine the quality, accuracy, and integrity of clinical trial data both during and after study conduct. Aligned with guidance from the FDA, EMA, and ICH E6 (R2), CluePoints is deployed to support central and on-site monitoring, medical review, quality risk management and to drive a holistic Risk-Based strategy in all trials. Coupled with thought leadership and consulting expertise to aid pre-study risk assessment, identification of risk controls and solution implementation, you now have everything you need to adhere with global regulatory guidance. The result is positive clinical development outcomes, increased operational efficiency, lower costs and reduced regulatory submission risk as part of the industry paradigm shift to RBQM.
 

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