Cargo Handling Equipment Market

Market overview:

Cargo Handling Equipment Market is expected to reach a CAGR of 3.61% over the forecast period to reach 27.02 billion USD in 2026, compared to 22.08 billion USD in 2021 .Due to globalization and industrialization, foreign trade in bulk commodities has increased considerably, with transport through containers by air, sea, and road. To load and unload containers at air cargo terminals, seaports, and other logistics stations, container handling equipment is considered a viable option. Besides, container handling equipment, such as trucks, cranes, forklifts, and others, has completed the process of moving goods from one location to another with less complexity. The aspect of container cargo handling on ships and planes becomes critical and requires containers to handle the equipment. With the evolution of technology, container handling equipment is also automated and recognized as a significant trend in the container handling industry.

Market Drivers and Restraints:

• Increase in maritime freight transport
• Increased demand for air cargo transport
• Increased demand for land transportation of goods
• Increase in the transport of products around the world
• Increased rigor in emissions regulations.
• Increasing Automation of Load Handling Equipment for Open Doors for Technology Suppliers.

• High investment costs for material handling equipment
• Accidents related to the use of cargo handling equipment
• Lack of synchronization between different port facilities

Market profile:

In terms of type, the market for cargo handling vehicles can be divided into RTG, forklifts, conveyors, automated guided vehicles, loaders, cranes, and others. The market share of the RTG segment is outstanding because of its intensive use in seaports for intermodal transport. It is expected that the sector will grow at a significant growth rate and will likely remain predominant over the forecast period. RTGs are efficiently powered mobile vehicles that offer low operating costs and less noise.Depending on the application, the market for cargo handling vehicles can be separated into motor vehicles, marine, and others. The marine applications sector leads the handling vehicle market. This is due to the increased trade in goods and materials via the sea and the oceans, maritime trade being ideal for the mass transport of goods. Besides, the large mass can be easily transported using a handling vehicle. This, in turn, is expected to boost the market for vehicles for cargo handling equipment during the forecast period.

Based on the region, the global refrigerant is segmented into Asia-Pacific, North America, Europe, Latin America, Middle East, and Africa.

Target group:

• Manufacturers of material handling equipment.
• Distributors and distributors of material handling equipment.
• air cargo associations
• Manufacturers of air cargo equipment.
• Global associations of industrial vehicles and cargo handling
• Government and regulatory authorities.
• Research and counseling associations.

Key players:

The main player studies, analyzed, profiled and referenced in the cargo handling equipment market are Anhui Heli, Emerson Electric, Gantrex, Hangcha Group Co., Mallaghan Engineering, Mitsubishi, Sany, Shanghai Zhenhua, Heavy Industries, Siemens AG, Tec Containers, Teleflex Lionel-Dupont, Terex, Toyota Industries and Tug Technologies.

Key points:

1. A full context analysis, which includes an evaluation of the parent market
2. Significant changes in market dynamics.
3. Segmentation of the market to the second or third level.
4. Historical, current, and projected market size in terms of value and volume.
5. Report and evaluation of the latest developments in the industry.
6. Market shares and strategies of the leading players.
7. Segments of emerging niches and regional markets.
8. An objective assessment of the market's trajectory.
9. Recommendations for companies to strengthen their presence in the market.