Title: Cargo Handling Equipment Market Competitive Research And Precise Outlook 2023 To 2030
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Cargo Handling Equipment Market
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6Market Overview
The Cargo Handling Equipment Market was worth US
23.05 billion in 2021 and is expected to reach
US30.69 billion by 2030, rising at a CAGR of
3.34 percent from 2022 to 2030.Freight handling
equipment, also known as load-handling equipment,
is used to move things from one place to another.
This equipment lets you do more with less, save
time and money, and keep you and your data safe.
The unit can be run by gasoline, electricity, or
a mixture of the two. Before, ships were the only
way to move things. Later, it grew to include
trucking, train, and other forms of
transportation.Stackers, pallet jacks, overhead
dollies, conveyor systems, loaders, automated
guided vehicles, cranes, forklifts, rubber tire
gantry cranes, reach stackers, straddle carriers,
and terminal tractors are all different types. On
container ships, cargo handling equipment is used
to move goods and services. With the use of this
equipment in end-use businesses, the need for
cargo-handling equipment has grown quickly.
7By Region
Asia-Pacific has the largest market share. The
growth of the market in this region is driven by
growing innovative progress, revenue and freight
development, and web-based business development.
Globalization is growing because of the rise of
product and material imports and freight rates
between different countries in the area. This
international trend makes the market even more
useful.Some of the things that are moving the
global market in the Asia-Pacific region are the
fast growth of imports and exports, the growth of
online businesses, and the increasing interest of
holders in strong and capable hardware. According
to the International Air Transport Association,
37.4 of all cargo traffic happens in the
Asia-Pacific area. North America is becoming more
industrialized, so it's likely that it will still
have a big share.Geographically, the global Cargo
Handling Equipment market has been looked at in
places like North America, Europe, Asia-Pacific,
Latin America, the Middle East, and India. This
market will be dominated by the global area in
the near future.
8The Global Cargo Handling Equipment Market has
been segmented into
- On the Basis of Type
- Conveyors
- Forklift Trucks
- Pallet Jacks
- AGVs
- Cranes
- Others
- On the Basis of Application
- Industrial
- Aerospace
- Automotive
- Transportation
- Others
9The Global Cargo Handling Equipment Market has
been segmented into
- By Region
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- By Region
- North America
- US
- Canada
- Mexico
- Rest of North America
- The Middle East Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- By Region
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia-Pacific
10Key Market Updates
This part is about knowing the market's drivers,
advantages, opportunities, restraints, and
challenges. All of this is discussed in depth
belowThe main thing that will drive the growth
of the market over the next few years is the
growing number of import and export services and
activities around the world, as well as the
growth of the transportation industry. Increasing
seaborne trade, industrial production, and air
cargo facilities are driving up the demand for
cargo handling tools to ensure better and more
efficient results. This reason is making the
market for cargo handling equipment grow over the
next few years.The growth of the market over the
next few years will be mainly driven by the
stricter emission standards for cargo handling
services. For better handling of shipments,
equipment with better fuel economy and lower
emissions is in high demand. This is also one of
the things that is driving the market growth.
Also, the growing number of improvements in
equipment for handling goods shipments and the
high use of this equipment by a wide range of end
users both increase the demand for the market.
During the forecast period, the rise of the
market will be helped by the growing number of
applications, the growing level of government
support, and the growing level of investments.
11Market Players
- Kalmar
- Konecranes
- Liebherr
- Hyster
- Kion Group
- Toyota Industries
- others.
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