Container Weighing Systems Market: Overview
For the uninterrupted operations of the containers shipping an important role is played by the container weighing systems. The manufacturers are focusing to provide a system that will meet the regulations that have been implemented and can help in deriving precise weight of the container for the vessel stowage and handling.
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Container Weighing Systems Market: Facts
New amendments were made in the Safety of Life at Sea (SOLAS) by the International Maritime Organization. It stated that the precise mass of the container that is packed should be measured so that it ensures the proper storage and the packing of the containers. It is a crucial safety measure that is implemented in order to prevent the injuries, property destruction, and saving the lives.
Container Weighing Systems Market: Segmentation
The global market for the container weighing systems is fragmented into its component, medium, and vertical. Based on the component, the global market is segregated into its software and hardware. The hardware segment is sub-segmented into its reach stackers, mobile harbor cranes, straddle carriers, weighbridges, container handling forklift trucks, rubber gantry cranes, and ship-to-shore cranes. Based on the medium, the market is categorized into road, rail, and ship. Based on the vertical, the market is divided into construction, manufacturing, transport & logistics, waste management & recycling, chemical, food & beverage, mining & aggregates, ports, and others.
Container Weighing Systems Market: Growth Factors
The demand for the container weighing systems is increasing in the shipping industry. The new laws that are implemented on the container transportation attribute to play a major role in driving the container weighing systems market. In the coming years, the demand for the container weighing systems will grow owing to the growing volumes of trading. In the developing economies, the growth of the infrastructure sector has played a key role in the development of the transportation sector. The market players will find increasing opportunities while focusing on one belt one road transport network which will help them to increase the sales of the container weighing system. The rise in the adoption of the automation in the majority of the ports has positively impacted the growth of the container weighing system. The factor that is limiting the growth of the container weighing systems market is the requirement of high investment for the installation of the system.
Container Weighing Systems Market: Regional Analysis
The regions that are expected to have a high demand for the container weighing systems are North America and Western Europe which is due to the factor that there are strict safety regulations implemented by the government in the transportation industry. The rapidly developing automation in the end user industries and the growing manufacturing base in the emerging nations of Asia Pacific region such as China and India are fuelling the growth of the container weighing systems. The market will experience an average rate of market growth in the Middle East and Africa and Latin America regions.
Container Weighing Systems Market: Competitive Players
The key market players that are involved in the container weighing systems market include Fairbanks Scales, Inc., Hottinger Baldwin Messtechnik GmbH., Mettler-Toledo International Inc., Sherborne Sensors Ltd., Weightron Bilanciai Ltd., Avery Weigh-Tronix LLC, Flintec Group AB., LCM Systems Ltd., Rice Lake Weighing Systems, Inc., and Tamtron OY.