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.
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
Cargo Handling Equipment Market Competitive Research And Precise Outlook 2023 To 2030
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The Cargo Handling Equipment Market was worth US$ 23.05 billion in 2021 and is expected to reach
US$30.69 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.
Market Overview
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By 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.
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The 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
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The Global Cargo Handling Equipment Market has been segmented into:
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
By Region
Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
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This part is about knowing the market's drivers, advantages, opportunities, restraints, and challenges. All of this is
discussed in depth below:The 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.
Key Market Updates:
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• Kalmar
• Konecranes
• Liebherr
• Hyster
• Kion Group
• Toyota Industries
• others.
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