The Global And China Electric Cargo Tractors Industry 2017 Market Research Report is a professional and in-depth study on the current state of the Electric Cargo Tractors industry.
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The Global Cargo Handling Equipment Market is estimated to reach $30.4 billion by 2025, growing at a CAGR of 3.2% from 2020 to 2025. Cargo handling equipment are used in container ships for transportations of goods and services.
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.
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.
Cargo handling equipment is the type of equipment which is used for the loading and discharging operations. Elevators, belt conveyers, cargo cranes, side shifters and cargo pumping systems are some of the cargo handling equipment. There are various cargos handling equipment depending upon the different types of cargo.
Global Cargo Handling Equipment Market is expected to rise from its initial estimated value of USD 22.1 billion in 2018 to an estimated value of USD 29.62 billion by 2026, registering a CAGR of 3.73% in the forecast period of 2019-2026. Increase in the cargo transportation is the major factor for the growth of this market.
Terminal Tractor Market size is poised to expand at over 8% CAGR up to 2032, driven by the growing rate of international trade and containerized shipping. The expansion of international commerce is surging the need for efficient cargo-handling solutions in ports and logistics hubs. The rising complexity of supply chains and the higher obligation for swift and organized cargo operations is amplifying the demand for terminal tractors in handling containers and trailers.
Global cargo handling equipment market is projected to reach USD 89.4 billion by 2024, further; the market is expected to expand at a CAGR of 4.4% over the forecast period i.e. 2016-2024.
Global Cargo Handling Equipment Market is expected to rise from its initial estimated value of USD 22.1 billion in 2018 to an estimated value of USD 29.62 billion by 2026, registering a CAGR of 3.73% in the forecast period of 2019-2026. Increase in the cargo transportation is the major factor for the growth of this market.
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Port Equipment Market size is expected to witness healthy CAGR to 2025 propelled by rising demand for ship cargo along with improving marine logistics industries. Proliferating domestic and international trading activities along with benefits offered by sea transportation including superior reliability, cost effective and congesting free transportation over long distance are further accelerating the port equipment market revenue over the projected timeframe.
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The ship-to-shore cranes segment is projected to hold the largest market share from 2017 to 2025. These cranes are used for loading and unloading containers from ships. According to a UNCTAD report published in 2016, the average container ship size increased by 132% over the past 7 years. Container loading and unloading from larger ships are fully dependent on the availability of these cranes. As per the Port Equipment Manufacturers’ Association (PEMA), the demand for these crane types mainly comes from medium and larger ports in countries such as China, Japan, Singapore, Australia, India, and Vietnam in Asia Pacific due to increased container traffic. All these factors are expected to boost the demand for ship-to-shore cranes.
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