The Cargo Handling Equipment Market size was US$ 23.05 billion in 2021 and is projected to reach US$30.69 billion by 2030, growing at a CAGR of 3.34% from 2022 to 2030.
Market Overview
The research firm Contrive Datum Insights has just recently added to its database a report with the heading global Cargo Handling Equipment Market .Both primary and secondary research methodologies have been utilised in order to conduct an analysis of the worldwide Cargo Handling Equipment Market . In order to provide a comprehensive comprehension of the topic at hand, it has been summed up using appropriate and accurate market insights. According to Contrive Datum Insights, this worldwide comprehensive report is broken up into several categories in order to present the data in a way that is understandable, succinct, and presented in a professional manner.Load-handling equipment is another name for freight handling equipment. It is used to move goods from one place to another. The features of this equipment are that it is flexible, that it speeds up processing, that it saves time and money, that it is secure, and that it is safe. The unit can run on diesel, electricity, or a combination of the two. Ships were the only way to move goods before. Later, it expanded to include trucking, rail, and other ways to get around.Stackers, pallet jacks, aerial dollies, conveyor systems, loaders, automated guided vehicles, cranes, forklifts, rubber tire gantry cranes, reach stackers, straddle carriers, and terminal tractors are all different kinds. On container ships, cargo handling equipment is used to move goods and services. Since this equipment is used in industries that use it, the demand for cargo-handling equipment has grown quickly. Cargo cranes, yard tractors, container handlers, and forklift handling equipment are some of the vehicles.
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Segment Analysis
It encompasses the most important key players in the world’s various regions and contains them. In this research report, several different techniques that high-level industries have utilised to achieve their goals are discussed. In order to obtain a more in-depth analysis of a number of different businesses, player profiles of the most important top players have been developed. It is beneficial to have an understanding of the worldwide competition on both the domestic and international platforms.It provides a detailed description of the drivers and opportunities in the Cargo Handling Equipment Market , which assists current customers and potential customers in gaining a clear vision and making decisions that are most effective for them. In order to discover the desired facts regarding the target market, various types of analysis models, such as Cargo Handling Equipment Market , are utilised. In addition to this, it includes a variety of different techniques for strategic planning, which encourages the way to define and develop the framework of the various industries.The global market for cargo handling equipment is broken down by type to look at things like forklift trucks, portable harbor cranes, stacking cranes, transport frameworks, and more. Forklift trucks are the most popular of these kinds on the market. Based on how they move, the global market for cargo handling equipment is split into two parts: diesel and electric. Due to the low cost of diesel yard farm haulers, the diesel method has led to the most growth in the market. Diesel motors are used to power all of the trucks and load ships in the ports. By application, the global market for cargo handling equipment is split into rail cargo, air load, marine cargo, and land cargo. Out of these, marine cargo has the biggest market share because it is used so often on ships. Marine cargo is making the market grow faster because more freight ships are being used.
Based on types, the Cargo Handling Equipment Market is segmented into:
- Conveyors, Forklift Trucks, Pallet Jacks, AGVs, Cranes, and Others
Based on application, the Cargo Handling Equipment Market is segmented into:
- Industrial, Aerospace, Automotive, Transportation, and Others
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Recent Development
- On June 8, 2020, the two biggest players in the industry, PayCargo and IBS Software, decided to start a joint company that would allow API-based integration and give both companies an improved computerized installation stage for cargo handling equipment.
- On February 4, 2020, the most popular business, California Air Resource Board (CARB), decided and sent out zero-emission cargo equipment for use in rail yards, transportation hubs, airports, and other places. This task raised a huge amount of $ 44 million for the business.
Regional Analysis
Geographically, the market for cargo handling equipment is split into four main areas: Asia-Pacific, North America, Europe, and the Rest of the World. Asia-Pacific has the biggest share of the market. This is because there are more technological advances, more imports and exports, and more web-based businesses. All of these things are driving the growth of the market in this area. Due to the growth of imports and exports of goods and materials between countries in this region, globalization is getting worse. As a result, this change in globalization makes the market more useful.
In the Asia-Pacific region, the global cargo handling equipment market is being driven by the growing demand for strong and reliable hardware for holders, the fast growth of import and export, and the growth of online business. The International Air Transport Association says that 37.4% of all cargo movement in the world takes place in the Asia-Pacific region. North America is expected to hold a significant rate because the area is becoming more industrialized.
Regional Cargo Handling Equipment Market coverage (Regional Status, Demand Forecast, Country Trends, etc.):
- North America, Europe, China, Japan, Southeast Asia, India.
- North America (USA, Canada, and Mexico).
- Europe (Germany, France, UK, Russia and, Italy).
- Asia-Pacific (China, Japan, Korea, India and, Southeast Asia).
Key segments covered in Cargo Handling Equipment Market include:
- Cargo Handling Equipment Market Growth Drivers and Barriers.
- Market Trends, Market Opportunities, Porter’s Five Forces Analysis.
- Market Overview, Industry Development, Market Maturity, Value Chain Analysis.
- Regional and Country Level Analysis.
- Trends and Forecasts for Market Segments.
- Market Analysis and Various Recommendations.
- Key market forces.
Report Customization: This report will be customized to your needs for additional data up to 5 companies or 5 countries or nearly 40 analyst hours.
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Key Market Participants in the Cargo Handling Equipment Market :
Kalmar, Konecranes, Liebherr, Hyster, Kion Group,
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