Increasing Global Demand Cargo Handling Equipment Market

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Cargo Handling Equipment Market - Global Forecast
to 2025
www.MarketsandMarkets.com
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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 As per the United
Nations Conference on Trade And Development
(UNCTAD), the global seaborne trade volume
touched 10.2 billion tons in 2016. Additinally,
the IATA has estimated the growth in global
aircargo movement at the CAGR of 4.5 till 2035.
The constantly increasing seaborne trade,
industrial production, and air cargo is driving
the demand for cargo handling equipment
globally. PDF Brochure _at_ https//www.marketsandma
rkets.com/pdfdownload.asp?id90309268

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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.
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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. RequestSample_at_ https//www.marketsandma
rkets.com/requestsample.asp?id90309268
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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 4042 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.
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Market Ecosystem 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)
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Browse gtgt 91 market data
tables 45 figures
177 pages and in-depth TOC on Cargo
Handling Equipment Market Global
Forecast to 2025 Early buyers will receive 10
customization on this report. This is a Premium
Report Priced at US 5650 for single
user. Corporate User US8150 This study
answers several questions for the stakeholders,
primarily which market segments to focus on in
the next two to five years to prioritize efforts
and investments.
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