Market Share of Container Handling Equipment Industry
Several key players, such as Cargotec Corp, Liebherr Group, SANY Group, Hyster-Yale Materials Handling Inc., Konecranes, and others, dominate the container handling equipment market. Companies are investing heavily in research and development for the innovation of new and advanced products. The expansion of manufacturing facilities across the globe is anticipated to boost the market in the coming years. For instance,
- In September 2023, Global Ports equipped the Far Eastern terminal of Vostochnaya Stevedoring Company (VSC). They signed a memorandum of intent with Shanghai Zhenhua Heavy Industry Company (ZPMC) to buy portside container handling equipment.
- In October 2022, Toyota Material Handling launched an updated version of Toyota's 3-Wheel Electric Forklift in North America. The new updated electric forklift equipped with new features and technology to the top-selling forklift in the segment.
- In January 2022, Kalmar, part of Cargotec, agreed with Westport AS to supply the world's first electric reach stacker with a combined charging system in Norway. The order also includes a five-year Kalmar Complete Care service agreement, which was booked in Cargotec's Q1 2022 order intake, with delivery scheduled for early Q4 of 2022.
Container Handling Equipment Market Leaders
SANY Group
Liebherr Group
Konecranes
Cargotec Corporation
Hyster-Yale Materials Handling, Inc.
*Disclaimer: Major Players sorted in no particular order
