Rise In Logistics Sector Coupled With Growing Automation In The Machinery Is Highly Anticipated To Drive The Global Container Handler Market
Container Handler Market: Introduction
The rise in globalization and industrialization coupled with increased foreign trade of bulk commodities has risen considerably over the past few decades. The rise in cargo transport through containers via airways, marine and roadways has gained an enormous pace over the time. To load and unload the containers at air cargo terminals, marine ports and other logistic stations, the container handler is considered as the most feasible option. Container handler is prominently used for storage, movement, control and protection of materials such as products and goods throughout the process of distribution, disposal and consumption.
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Container Handler Market: Dynamics
The key driving factor for the global container handler market is the constantly growing global trade, which have resulted in increased investments in construction and infrastructure sector across all major developing economies. The macroeconomic factor, such as growing urbanization & industrial activities, coupled with up gradation of existing infrastructure and an increase in demand for efficient & safe heavy material handling machinery globally, is further augmenting the sales for container handler.
The significant increase in sales of material handling machinery owing to rise in logistics sector coupled with growing automation in the machinery is highly anticipated to drive the global container handler market. Moreover, considerable growth in the Asian & Middle Eastern industrial & infrastructure sector along with technological advancement in conventional container handler will create a momentous opportunity for the global container handler market. Furthermore, the integration of IOT in the container handler is highly anticipated to boost the demand for container handler.
As a container handler is designed to regulate accurate cargo handling in a cargo terminal and provide ideal heavy lifting options as per requirement, it is gaining huge recognition across all regions. All the above mentioned major influencing factors are highly anticipated to drive the global container handler market over the forecast period. Key restraining factors, such as high investment cost, may hinder the global container handler market growth over the forecast period.
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Container Handler Market: Regional Outlook
The global container handler market is segmented into seven regions: North America, Europe, MEA, East Asia (Japan, China, South Korea), South Asia (India, Thailand, Malaysia, Indonesia, Philippines, Rest), Oceania (Australia, New Zealand) and Latin America. Among the above-mentioned countries, East Asia is estimated to account for a significant market share due to the rise in the sea-borne trade in countries, such as China, Japan and South Korea.
South Asia is anticipated to witness a high growth in the global container handler market owing to the rise in trade activity and economic boost in the region. Moreover, Middle East & Africa is projected to showcase ultimate optimistic growth in the global container handler market due to growth in the construction activities along with industrial sector evolution across the region. Europe and North America are key maturing regions, which are expected to generate praiseworthy opportunity in the global container handler market over the forecast period due to the existence of significant ports.
Container Handler Market: Prominent players
Prominent players for the global container handler market are Kalmar, Konecranes, Liebherr, Hyster, Sany, ZPMC, Lonking Machinery, Anhui Heli, CVS Ferrari and Hoist Liftruck among other key market players. The container handler market consists of well-diversified global and regional players with the global vendors ruling the market.
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