Technavio
analysts forecast the global
container weighing system market to grow at a CAGR of over 6%
during the forecast period, according to their latest report.
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Technavio has published a new report on the global container weighing system market from 2017-2021. (Graphic: Business Wire)
The research study covers the present scenario and growth prospects of
the global container weighing system market for 2017-2021. To
calculate the market size, Technavio analysts consider the revenue
generated from the implementation of software-defined storage solutions
among enterprises worldwide.
Container weighing systems comprise a significant part of the global
transportation sector. Checking the weight of containers before they are
loaded is integral to avoid accidents caused by overloading. Various
modes of transportation have their weight parameters, but the extensive
use of containers provides a standard metric of measurement, helping the
extensive adoption of container weighing systems.
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Technavio analysts highlight the following three factors that are
contributing to the growth of the global container weighing system
market:
-
Rising volume of international maritime trade
-
Steady adoption of automated facilities at major ports
-
Mandatory SOLAS regulation
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Rising volume of international maritime trade
Maritime trade is the most commonly used mode of transportation in
international trade, representing about 85% of total transport volume.
The demand for both maritime transport services and logistics services
comes from the global economic growth and the need to carry out
international trade. As a result, the global shipping industry and
maritime transport activities (notably seaborne trade) were affected by
the reduction in the global GDP and international trade volumes in 2009.
Sharan Raj, a lead warehouse
and storage research analyst at Technavio, says, “The major
unloading areas included North America, Europe, Japan, and South East
Asia. With the strong demand for oil from China, India, Western Asia and
Latin America, crude oil shipments to these regions rapidly started to
increase in number. Regarding the total volume of cargoes loaded
regardless of their type, the global seaborne trade loaded goods dropped
from 8.2 billion tons in 2008 to 7.8 billion tons in 2009, before rising
to 9.17 billion tons in 2012.”
Steady adoption of automated facilities at major ports
The steady adoption of automated facilities at several major ports is
likely to have a crucial impact on the global container
weighing system market. Due to the large-scale use of containers in
marine trade, ports are the leading application sectors of the market
and are likely to retain a dominant share of the market during the
forecast period.
“Ports undergoing automation-oriented upgrades are expected to
incorporate container weighing systems in their automatic container
handling systems during the forecast period. This can become a steady
revenue source for the global container weighing system market during
the forecast period. Container weighing is an emerging and
increasingly-busy market,” adds Sharan.
Mandatory SOLAS regulation
The purpose of making the weighing of sea containers mandatory by IMO is
to make the entire container supply chain safer. This regulation is
expected to be issued by the International Convention for the Safety of
Life at Sea (SOLAS Convention) because of some accidents involving
container stack collapses and container losses.
To weigh a container and utilize the load information to update the
stowage plan, containers must be weighed preferably at the completion of
packing. Weighing export containers must be done sufficiently in advance
for the stowage plan to be optimized. If the actual weight is not
calculated at the completion of packing, the port is in a prime position
to provide the service or verify the documented weight.
Top vendors:
-
Avery Weigh-Tronix
-
Conductix-Wampfler
-
Mettler-Toledo International
-
Rice Lake Weighing Systems
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