Data Bridge Market Research analyses that the Global Cargo Handling Equipment Market which was USD 23.3 Billion in 2021 is expected to reach USD 29.63 Billion by 2029 and is expected to undergo a CAGR of 3.05% during the forecast period of 2021 to 2029
Cargo Handling Equipment Market research report provides a comprehensive analysis of the market. The report aims to provide insights into Cargo Handling Equipment Market trends, growth opportunities, key drivers and challenges, competitive landscape, and other crucial factors that may impact the market in the forecast period (2024-2031).
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Which are the top companies operating in the Cargo Handling Equipment Market?
The study report on the Global Cargo Handling Equipment Market offers a comprehensive analysis of the industry, highlighting key trends, market dynamics, and competitive landscape. It profiles prominent organizations operating in the market, examining their successful strategies and market share contributions. This Cargo Handling Equipment Market report provides the information of the Top 10 Companies in Cargo Handling Equipment Market in the market their business strategy, financial situation etc.
**Segments**
- **By Equipment Type:**
- Automated Guided Vehicles
- Reach Stackers
- Forklift Trucks
- Cranes
- Rubber-Tired Gantry
- Ship-to-Shore Cranes
- Others
- **By Propulsion Type:**
- Diesel
- Electric
- Hybrid
- **By End-Use Industry:**
- Air Cargo
- Marine Cargo
- Land Cargo
The global cargo handling equipment market is segmented based on equipment type, propulsion type, and end-use industry. In terms of equipment type, the market is categorized into automated guided vehicles, reach stackers, forklift trucks, cranes, rubber-tired gantry, ship-to-shore cranes, and others. Automated guided vehicles are witnessing substantial demand due to their ability to automate the movement of cargo within warehouses or manufacturing facilities, enhancing operational efficiency. Reach stackers are widely utilized in container handling operations at ports and terminals. Forklift trucks play a crucial role in material handling and transportation across industries. Cranes, including mobile cranes and overhead cranes, are essential for heavy lifting operations. Rubber-tired gantry and ship-to-shore cranes are primarily used in port operations for efficient cargo handling.
In terms of propulsion type, the market is segmented into diesel, electric, and hybrid cargo handling equipment. Electric cargo handling equipment is gaining traction due to their environment-friendly operations and cost-effectiveness in the long run. Hybrid equipment that combines the benefits of both diesel and electric propulsion systems is increasingly being adopted to reduce emissions and enhance operational efficiency.
Based on end-use industry, the market is segmented into air cargo, marine cargo, and land cargo. Air cargo handling equipment is designed to cater to the specific requirements of airports and air freight terminals for quick and efficient loading and unloading of cargo. Marine cargo handling equipment, including cranes and forklifts, is crucial for port operations toThe global cargo handling equipment market is witnessing significant growth fueled by the increasing demand for efficient and automated solutions across various industries. The equipment type segment plays a crucial role in catering to the specific needs of different operations. Automated guided vehicles are revolutionizing the warehouse and manufacturing sectors by streamlining cargo movement and enhancing operational efficiency. Reach stackers are essential for efficient container handling operations at ports and terminals, facilitating the smooth flow of goods. Forklift trucks remain integral for material handling in industries ranging from manufacturing to logistics. Cranes, including mobile and overhead variants, are indispensable for heavy lifting operations in construction and industrial settings. Rubber-tired gantry and ship-to-shore cranes are vital for seamless cargo handling in port operations, ensuring smooth and efficient logistics.
Moreover, the propulsion type segment of the cargo handling equipment market offers diverse options to meet the environmental and operational needs of industries. Electric cargo handling equipment is gaining traction due to their eco-friendly operations and cost-effectiveness over the long term. The shift towards electric propulsion systems is driven by increasing environmental regulations and a focus on sustainability. Hybrid cargo handling equipment, which combines the advantages of diesel and electric propulsion, is increasingly being adopted to reduce emissions and improve operational efficiency. The hybrid propulsion systems offer a balanced approach by providing the power and flexibility of diesel engines with the environmental benefits of electric motors.
Additionally, the end-use industry segment reflects the diverse applications of cargo handling equipment across air cargo, marine cargo, and land cargo operations. The air cargo segment relies on specialized equipment to handle goods quickly and efficiently at airports and air freight terminals. The marine cargo sector requires robust equipment such as cranes and forklifts to handle containers and bulk cargo in port facilities. The land cargo segment encompasses a wide range of industries where cargo handling equipment plays a vital role in ensuring the smooth flow of goods across various transportation modes. With the increasing globalization of trade and e-commerce activities, the demand for efficient cargo handling equipment is expected to soar across all end-use industries.**Market Players:**
- Hangcha Forklift (China)
- Siemens Logistics GmbH (Germany)
- TOYOTA INDUSTRIES CORPORATION (Japan)
- Terex Corporation. (U.S.)
- Anhui Heli (China)
- Textron Ground Support Equipment Inc. (U.S.)
- Liebherr-International Deutschland GmbH (Germany)
- TLD (U.S.)
- KION GROUP AG (Germany)
- ABB (U.S.)
- Hoist Material Handling, Inc. (U.S.)
- Hyster-Yale Group, Inc. (U.S.)
- Konecranes. (Finland)
- Gantrex (Belgium)
- CARGOTEC CORPORATION (Finland)
- Wärtsilä (Finland)
**Market Analysis:**
The global cargo handling equipment market is experiencing significant growth driven by the increasing adoption of efficient and automated solutions across various industries. The equipment type segmentation plays a pivotal role in addressing the specific operational needs of different sectors. Automated guided vehicles are transforming warehouse and manufacturing facilities by optimizing cargo movement processes and enhancing overall operational efficiency. Reach stackers are crucial for streamlining container handling operations at ports and terminals, facilitating the seamless flow of goods. Forklift trucks remain indispensable for material handling in diverse industries, from manufacturing to logistics, ensuring efficient transportation within facilities.
Cranes, including mobile and overhead variants, are essential for heavy lifting operations in construction and industrial settings, contributing to the overall productivity of these sectors
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Regional Analysis For Cargo Handling Equipment Market
North America (the United States, copyright, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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This report provides Global Cargo Handling Equipment Market :
- An in-depth overview of the global market for
- Cargo Handling Equipment Market Assessment of the global industry trends, historical data from 2015, projections for the coming years, and anticipation of compound annual growth rates (CAGRs) by the end of the forecast period.
- Discoveries of new market prospects and targeted marketing methodologies for Global Cargo Handling Equipment Market
- Discussion of R&D, and the demand for new products launches and applications.
- Wide-ranging company profiles of leading participants in the industry.
- The composition of the market, in terms of dynamic molecule types and targets, underlining the major industry resources and players.
- The growth in patient epidemiology and market revenue for the market globally and across the key players and Cargo Handling Equipment Market segments.
- Study the market in terms of generic and premium product revenue.
- Determine commercial opportunities in the market sales scenario by analyzing trends in authorizing and co-development deals.
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