HOME Press Releases Cargo Handling Equipment Market worth 28.02 billion USD by 2025



Cargo Handling Equipment Market worth 28.02 billion USD by 2025


The report "Cargo Handling Equipment Market by Application (Air, Land, & Marine), Equipment (Conveyors, Forklift Truck, Aviation Dolly, Pallet Jack, AGV, Crane, RTG, Loader, Stacker, Straddle Carrier, Terminal Tractor), Propulsion, and Region - Global Forecast to 2025", The market for cargo handling equipment is projected to grow at a CAGR of 3.61%, during the forecast period, to reach a market size of USD 28.02 billion by 2025 from an estimated USD 21.85 billion in 2018. The increasing cargo trade across the world, stringent emission regulations for cargo handling equipment, and strong demand in Asia Pacific and Europe, Middle East, and Africa would fuel the demand for cargo handling equipment.

purchase report              Request Sample              request for customization

Browse 91 market data Tables and 45 Figures spread through 177 Pages and in-depth TOC on "Cargo Handling Equipment Market by Application (Air, Land, & Marine), Equipment (Conveyors, Forklift Truck, Aviation Dolly, Pallet Jack, AGV, Crane, RTG, Loader, Stacker, Straddle Carrier, Terminal Tractor), Propulsion, and Region - Global Forecast to 2025"
https://www.marketsandmarkets.com/Market-Reports/cargo-handling-equipment-market-90309268.html
Early buyers will receive 10% customization on reports.

The diesel propulsion segment is estimated to hold the largest share of the cargo handling equipment market during the forecast period.

The diesel propulsion segment is projected to hold the largest market share from 2018 to 2025. Most of the cargo handling equipment, such as straddle carriers, reach stackers, forklift trucks, RTG cranes, and terminal tractors, run on diesel engines. According to MarketsandMarkets analysis, the diesel engine segment is estimated to hold the largest share of the cargo handling equipment market in 2018. High power and low cost make diesel propelled equipment the first choice for equipment manufacturers.

The RTG is expected to be the fastest growing cargo handling equipment from 2018 to 2025.

RTG is a mobile equipment used in intermodal operations to ground or stack containers at sea ports. RTGs are installed with diesel, electric, or hybrid engines. Last few years have seen a significant increase in seaborne trade across different industry verticals, including automotive, chemicals, agriculture, textiles, and pharmaceuticals. Increased seaborne trade has, in turn, increased the demand for cargo handlers for quick loading and transportation of cargo at the port terminals. UNCTAD has estimated that cargo volumes would grow at a CAGR of 3.2% between 2017 and 2022.

Cargo flows are set to expand across all segments, which will drive the demand for increased cargo handling capacity of the ports. Additionally, stringent emission norms are increasing the demand for electric cargo handling equipment to reduce the fleet level emission. These factors have increased the demand for sophisticated cargo handling equipment such as RTG, which can carry load up to 40 tons at a time, in electric and hybrid variants.

Asia Pacific: The largest cargo handling equipment market
As per the World Bank, China is the global leader in cargo handling capacity and accounted for 28.5% of the total cargo moved in 2017. According to MarketsandMarkets’ analyses, the cargo handling capacity in Asia stood at around 40–42% in terms of value in 2018. The ports in Shanghai (China), Shenzhen (China), Hong Kong, Ningbo-Zhoushan (China), Singapore, and Keihin (Japan) handle millions of TEU annually, which is driving the growth of the market in Asia Pacific. This trend is estimated to continue and, to handle the increasing cargo traffic, an increase in the demand for cargo handling equipment as well as automation at ports is expected in the region in coming years.

The prominent players in the cargo handling equipment market are Kalmar (Finland), Konecranes (Finland), Liebherr (Switzerland), Hyster (US), Sany (China), Mitsubishi (Japan), Toyota Industries (Japan), Kion group (Germany), Macgregor (Finland), JBT corporation (US), Terex (US) and Anhui Heli (China)

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

We will organize an analyst call and demonstrate the latent opportunities and threats which will likely impact your business, at no cost.

Speak to Analyst


* Name :
* Business Email :
* Phone :
* Designation :
* Country:
Report AT 6400: Cargo Handling Equipment Market by Application (Air, Land, & Marine), Equipment (Conveyors, Forklift Truck, Aviation Dolly, Pallet Jack, AGV, Crane, RTG, Loader, Stacker, Straddle Carrier, Terminal Tractor), Propulsion, and Region - Global Forecast to 2025
* Enter the text from the image
   to the textbox :
4 4 3 6 0  
Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports