Global Container Weighing Systems Market

Global Container Weighing Systems Market size was valued at US$ XX Mn in 2019 and expected to reach US$ XX Mn by 2019 at a CAGR of 5.2% during the forecast period.

 

The Global Container Weighing Systems market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The Global Container Weighing Systems report also provides trends by market segments, technology, and investment with a competitive landscape.

 

 

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Global Container Weighing Systems Market Overview:

 

Container weighing systems are used to accurately calibrate the load data of the containers for ships, railways, and road transportation. The increasing need for freight carrier handling and increasing safety norms proposed by SOLAS and PEMA for safe storage and ease of accessibility are the factors considered to drive the growth of the market. Moreover, the increasing need for data verification on a real-time basis is the key application of weighing systems. Amendment made by International Meritime Organization and NOAA are the key bodies regulating the freight carriers weighing and transportation. The global container weighing systems market is expected to register a CAGR of approximately 5.2%.

 

Global Container Weighing Systems Market Dynamics:

 

Increasing demand for container lifting cycle across railway freight, shipments, and road transport and increasing chemical, transportation, consumer goods carriers, and increasing infrastructure for ports across the emerging economies are the factors considered to drive the growth of the market. Furthermore, increasing need for accurate reading and data collection across the ports and terminal facilities to help the shipments glide through all the naval areas without any repercussions are the ley supporting factors considered to drive the growth of the container weighing system market. In addition, many prominent players in the market are investing highly in the freight carriers load mapping and ship to shore administration. Recently, Avery Weigh Tronix has launched a new range of ZM201 series of weighing indicators for accurate load calibration and indication.

 

The increasing sight of nations towards regional maritime safety and stringent government regulations over transportation followed by US-China trade war are the factors considered to restrain the market growth. Moreover, uneven weight distribution practices carried out by various container operators is the key factor hampering the market growth.

 

Development in load cell manufacturing and increasing adoption of mobile harbor cranes among the ports and rubber tire gantries are the key factors expected to create opportunities in the container weighing system market.

 

Global Container Weighing Systems Market Segment Analysis:

 

 

Weighbridges Segment is dominating the Container Weighing Systems Market:

 

Immediate load assessment needs owing to hefty traffic at ports and sea terminals and extremely high accuracy of weighbridges up to +/- 20 Kg are the factors attributing to the growth of the segment in the market. Moreover, increasing demand for rubber gantry load calculations in APAC, LATAM and GCC countries is the factor considered to drive the weighbridges segment. Weighbridges segment accounted for approximately 640 million USD in the year 2019 owing to less efforts need to handle the weighbridges and robust design of the system.

 

Ports Segment Accounted for Highest Share in Container Weighing Systems Market:

 

According to SOLAS Data, the ports segment holds the largest share in the market owing to increasing traffic of containers measured on the ports in 2018, 2019, and 2020 and thereby increasing domination of weighing system installations at the ports segment. Moreover, the rising need for calculating the gross mass of the containers to be shipped in order to safeguard the transportation journey is the key factor attributing to the growth of the segment during the forecast period. Furthermore, maritime safety regulations imposed by National Oceanic and Atmospheric administration Standards (NOAA), National Geospatial intelligence Agency (NGIA), and PEMA is the factor attributing the growth of the segment.

 

Comparative Overview of Weighing Systems in Container Weighing Systems market:

 

 

 

Impact of COVID pandemic on the Container Weighing Systems market:

 

COVID pandemic has posed a relatively high impact on the market as the transportation sector is considered most damaged across all the markets. According to Maritime News, the transport business suffered a loss of approximately 8.33 billion USD in the year 2020 and 1st half of 2021 owing to stringent conditions of lockdown and halting of shipments across the globe. Moreover, reduction in the capacity of workers working at the ship to shore weighbridges at ports and terminals owing to social distancing norms across the globe. Moreover, increasing tariff charges across the boundaries of the nation’s post-pandemic is the key factor hampering the economic growth of the market.

 

Furthermore, reopening of production facilities for Container Weighing Systems post-pandemic and restoring of transportation capabilities across the globe owing to increasing manufacturing activities by key players in the market and rescheduling of shipments halted in pandemic period towards inventories and distributaries across the globe are the factors considered to drive the growth of the market during the forecast period. In addition, increasing demand for transport facilities for consumer goods, FMCG stock rollouts, vaccines across the emerging economies is the key factor considered to drive the growth of the market during the forecast period.

 

Global Container Weighing Systems Market Regional Insights:

 

North America holds the major share in the Container Weighing Systems market owing to increasing demand for freight carriers across the ports in the region and regulations for the safety of transportation. Moreover, increasing inclination of manufacturers towards research and development in the Container Weighing Systems manufacturing is the key supporting factor considered to drive the growth of the market. In addition, a wide range of applications including RTG load cells, mobile harbor cranes, reach stackers, fork lift trucks and others in practical transportation modules is the key factor attributing to the growth of the market.

 

APAC is expected to pose as the fastest-growing region in the Container Weighing Systems Market with approximately 17% market share. Progressive adoption of weighbridges across rubber and railway gantry is the key factor attributing to market growth in the region. Moreover, increasing transportation capabilities of the APAC region in the consumer goods and healthcare inventory sector are the key factors considered to drive the growth of the region. India holds the largest share in the market owing to increasing chemicals and raw material exports and imports from the Indian shores and increasing investment of government in ports facilitation and road development.

 

Europe holds the prominent share in the market owing to high technological adoptions in the transportation and mining sector. Advanced devices manufacturing across Europe especially in straddle carriers and forklift trucks manufacturing and increasing collaborations between prominent players in the market is the key supporting factor considered to drive the growth of the segment during the forecast period.

 

 

The objective of the report is to present a comprehensive analysis of the Global Container Weighing Systems Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

 

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

 

The report also helps in understanding the Global Container Weighing Systems Market dynamics, structure by analyzing the market segments and project the Global Container Weighing Systems Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Type portfolio, growth strategies, and regional presence in the Global Container Weighing Systems Market make the report investor’s guide

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Global Container Weighing Systems Market Scope: Inquire before buying

 

 

Global Container Weighing Systems Market, by Region

 

  • North America

o US

o Canada

o Mexico

  • Europe

o U.K

o France

o Germany

o Italy

o Spain

o Sweden

o CIS Countries

o Rest of Europe

  • Asia Pacific

o China

o India

o Japan

o South Korea

o Australia

o ASEAN

o Rest of Asia Pacific

  • Middle East and Africa

o South Africa

o GCC Countries

o Egypt

o Nigeria

o Rest of ME&A

  • South America

o Brazil

o Argentina

o Rest of South America

 

Global Container Weighing Systems Market Key Players

 

  • Avery Weigh Tronix LLC
  • HAENNI Instruments AG
  • Flintec Group AB
  • Hottinger Baldwin Messtechnik GmbH
  • Mettler-Toledo International LLC
  • Bison Group Ltd.
  • Ohaus Corporation
  • Rice Lakes Weighing Systems, Inc.
  • Sherborne Sensors, Ltd.
  • Industrial Scale Co. Ltd.
  • Cooper Instruments and Systems
  • Fairbanks Scales, Inc.
  • ATLAS Weighing PTY, Ltd.
  • Weightron Bilanciai Ltd.
  • Raymond Handling Consultants LLC
  • LCM Systems, Ltd.
  • TamtronOy

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