Cargo Handling Equipment Market - Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition, and Forecasts 2022 to 2030
The Cargo Handling Equipment Market size was US$ 23.05 billion in 2021 and is projected to reach US$30.69 billion by 2030, growing at a CAGR of 3.34% from 2022 to 2030.
Cargo Handling Equipment Market Overview
Freight handling equipment is also referred to as load-handling equipment used to transport goods from one place to another. Versatility, increased processing speed, reduced time and money, security, and safety are the features offered by this equipment. The unit can be powered by diesel, electricity, or a combination of the two. Previously, freight transport was limited to ships. Later it grew into trucking, rail, and other modes of transport.
Various types include stackers, pallet jacks, aerial dollies, conveyor systems, loaders, automated guided vehicles, cranes, forklifts, rubber tire gantry cranes, reach stackers, straddle carriers, and terminal tractors. Cargo handling equipment is used to transport goods and services on container ships. With the use of this equipment in end-use industries, the need for cargo-handling equipment has grown rapidly. A few vehicles include cargo cranes, yard tractors, container handlers, and forklift handling equipment.
Contrive Datum Insights has recently published the Cargo Handling Equipment Market to its huge database which helps to shape the future of businesses by making well-informed business decisions. It offers a comprehensive analysis of various business aspects such as global market trends, recent technological advancements, market size, shares, and new innovations. Furthermore, this analytical data has been compiled through data exploratory techniques such as primary and secondary research. Moreover, an expert team of researchers throws light on various static and dynamic aspects of the global Cargo Handling Equipment market.
Some of the key players profiled in the study are:
Different leading key players have been profiled to get better insights into the businesses. It offers detailed elaboration on different top-level industries which are functioning in global regions. It includes informative data such as company overview, contact information, and some significant strategies followed by key players: Kalmar, Konecranes, Liebherr, Hyster, Kion Group, Toyota Industries, and others.
What are the major Applications, Types, and Regions for the Cargo Handling Equipment Market?
On the Basis of Type:
- Conveyors, Forklift Trucks, Pallet Jacks, AGVs, Cranes, and Others
On the Basis of Application:
- Industrial, Aerospace, Automotive, Transportation, and Others
Cargo Handling Equipment Market Regional Insights:
Asia Pacific dominates the largest market share with increasing innovative progress, revenue and freight development, and web-based business development driving the growth of the market in this region. Globalization is increasing due to the development of product and material imports and freight rates between different countries in the region. This globalization development further expands the use of the market.
The fast expansion of imports and exports, online business expansion along with growing interest in robust and capable hardware for holders are some of the factors driving the global market in the Asia-Pacific region. According to the International Air Transport Association, the Asia-Pacific region accounts for 37.4% of global cargo traffic. North America is expected to maintain a significant proportion due to increasing industrialization in the region.
Geographically, the global Cargo Handling Equipment market has been analyzed in various regions such as North America, Europe, Asia-Pacific, Latin America, the Middle East, and India. The global region is dominating this market in the upcoming future.
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Cargo Handling Equipment Market Report Scope:
CAGR of 3.34% from 2022 to 2030.
Conveyors, Forklift Truck, Pallet Jack, AGV, Crane, Others
Industrial, Aerospace, Automotive, Transportation, Others
Kalmar, Konecranes, Liebherr, Hyster, Kion Group, Toyota Industries
Regions and Countries Covered
2017 to 2022
2023 to 2030
Frequently Asked Questions (FAQ) about the Cargo Handling Equipment market:
What is the CAGR of the global Cargo Handling Equipment market?
The Cargo Handling Equipment Market is growing at a CAGR of 3.34% during the forecast period.
Which region would offer high growth for vendors in the Cargo Handling Equipment market?
Asia Pacific dominates the largest market share during the forecast period.
Which Is the Most potential market segment?
By Types- Conveyors, Forklift Truck, Pallet Jack, AGV, Crane, Others
By Applications - Industrial, Aerospace, Automotive, Transportation, Others
Which are the top industry players in the Cargo Handling Equipment market?
Kalmar, Konecranes, Liebherr, Hyster, Kion Group, Toyota IndustriesAll of our reports are custom to your company's needs to some extent and we offer 5 hours of free consultation time with each report purchase, which will allow you to request any additional data to custom the report to your needs.