Container Yard Crane Market worth USD 1,874.3 million by 2033

The Market Statsville Group (MSG) publishes the new report on the "Container Yard Crane Market by Type (Rubber Tired Gantry Cranes, Rail Mounted Gantry Cranes, and Automated Stacking Cranes), by Application (High Profile Cranes, and Low Profile Cranes) and by Region – Global Share and Forecast to 2033

According to the Market Statsville Group (MSG), the global Container Yard Crane market size is expected to grow at a CAGR of 5.7% from 2023 to 2033.

Every year in the Asia Pacific and the Middle East, millions of goods containers from various industries such as automotive, chemicals and materials, petrochemicals, and consumer goods are transported. Most container traffic has been observed from South Korea, China, Singapore, India, and the United Arab Emirates in recent years. Rubber-Tyred Gantry cranes (RTGs)  are the most common type of terminal in Asia's mainland countries. RTG automation is coming slowly, but several reference cases are already in place in some nations. RTGs can be automated using a stepwise technique. A Remote Control (RC) controlled solution is a simple and low-cost way to get started, and it's simply extensible to higher degrees of automation. Both existing (brownfield) and new (greenfield) sites can benefit from a stepwise approach. Wireless data transport over 5G will be fast enough to meet the needs of automation. It also makes the investment more appealing because automation eliminates the need for wire connections. Further, the region is focusing on safety solutions that have been developed to fulfill the authorities' requirements that are also practical to use and do not reduce operational efficiency or flexibility.

In addition to RTGs, straddle some terminals in Japan use carriers. All of these are currently operated by hand. Automated solutions are becoming an industry necessity in Australia and New Zealand. Automatic stacking cranes and automated straddle carriers dominate the market. However, countries like China, Japan, and others are shifting their interests in automated terminals to cater to the growing market needs, thereby creating a lucrative growth demand for the market. For instance, in 2019, Navis, a part of Cargotec Corporation introduced an automation project, Five Continents International Container Terminal (FICT) has successfully automated its 31 rail-mounted gantry (ARMG) cranes, which are now live on N4 and operational at Tianjin Port. FICT was built with a capacity of 1.5 million TEU and is located in the Port of Tianjin, the world's 10th busiest and largest port in Northern China. With the emergence of megaships and the corresponding increase in cargo volume, the terminal is currently working at or near-maximum capacity and frequently well beyond. FICT initiated a project to update its yard by automating its fleet of 31 manually operated rail-mounted stacking cranes in order to boost the terminal's capacity and efficiency. Thus, the rising demand for container yard cranes in the Asia Pacific and the Middle East has significantly influenced the market’s growth in the forecast period.

Global Container Yard Crane Market Segmentation

The overall e-commerce fraud prevention market has been segmented into application and region.

• By Type (Rubber Tired Gantry Cranes, Rail Mounted Gantry Cranes, and Automated Stacking Cranes)
• By Application (High Profile Cranes, and Low Profile Cranes)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

High Profile Cranes segment is projected to witness the highest CAGR during the forecast period

High Profile Cranes segment is expected to grow at the highest CAGR during the forecast period. High-profile cranes can handle larger containers and reach higher stacks, allowing for more efficient container handling and increased productivity. In addition, many container terminals are upgrading their infrastructure to accommodate larger vessels and expanded cargo volumes. This increased the demand for high-profile cranes that can handle larger volumes of containers efficiently. Furthermore, growing technological advancements for the development of high-profile cranes with features such as automation and remote operation, leading to improved safety and productivity. This has further contributed to the growing demand for high-profile cranes in the container yard crane market.

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Latin America accounts for the significant growth during the forecast period

Latin America is expected to witness significant growth in the Container Yard Crane market due to the increasing volume of international trade in Latin America. As more goods are being transported to and from Latin America, the demand for efficient and effective container-handling equipment is also increasing. Many countries in Latin America are investing in the development of new ports and expanding their existing ports to accommodate larger vessels and increased cargo volumes. This has created a demand for new container yard cranes and upgrades to existing equipment. The increasing adoption of automation and remote operation technologies in container handling operations is also driving the growth of the container yard crane market in Latin America. These technologies enable more efficient and safe container handling, which is becoming increasingly important in the region.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the e-commerce fraud prevention market. It also consists of the profiles of leading companies such as Konecranes, JASO Industrial Cranes, Aicrane Machinery Group, Doosan Heavy Industries Vietnam Co., Mi-Jack Products, Inc., Mammoet Holding B.V., TNT Crane & Rigging, Shanghai Zhenhua Heavy Industries Co., Ltd., Sany Group, and Liebherr. The key players' growing research and development activities for innovative solutions are expected to drive market growth.

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