Global Cargo Handling Equipment Market Size, Trends and Growth Opportunity, By Product (Trucks, Man Lifts, Rail Pushers, Electric Pallet Jacks, Excavators, Tractors, Bulldozers, Side Picks), Equipment Type (Aviation Dollies, Stacker, Pallet Jacks, Loaders, Conveyor System, Automated Guided Vehicle, Forklift Trucks, Cranes, Rubber Tired Gantry Cranes, Straddle Carriers, Reach Stackers, Terminal Tractors), Propulsion Type (Diesel, Electric, Others), Cargo Type (Container Cargo, Dry Bulk Cargo, Liquid Bulk Cargo, Break Bulk Cargo, Ro-Ro Cargo), Application (Air Cargo, Marine Cargo, Land Cargo), End User (Automotive, Consumer and Retail, Energy Resources, Manufacturing, Transportation, Others) By Region and forecast till 2027.
Report ID : IR1001127 | Industries : Automotive and Transportation | Published On :May 2024 | Page Count : 245
Global Cargo Handling Equipment Market Size, Trends and Growth Opportunity, By Product (Trucks, Man Lifts, Rail Pushers, Electric Pallet Jacks, Excavators, Tractors, Bulldozers, Side Picks), Equipment Type (Aviation Dollies, Stacker, Pallet Jacks, Loaders, Conveyor System, Automated Guided Vehicle, Forklift Trucks, Cranes, Rubber Tired Gantry Cranes, Straddle Carriers, Reach Stackers, Terminal Tractors), Propulsion Type (Diesel, Electric, Others), Cargo Type (Container Cargo, Dry Bulk Cargo, Liquid Bulk Cargo, Break Bulk Cargo, Ro-Ro Cargo), Application (Air Cargo, Marine Cargo, Land Cargo), End User (Automotive, Consumer and Retail, Energy Resources, Manufacturing, Transportation, Others) By Region and forecast till 2027.
Global Cargo Handling Equipment Market
Global Cargo Handling Equipment Market was valued at USD 23.30 billion in 2021 and is slated to reach at USD 28.63 billion by 2027 at a CAGR of 3.6% from 2022-2027.
The car handling equipment is a type of equipment that is used for loading and discharging operations. The various features provided by the equipment include an increase in equipment handling velocity, a decrease in time, and others.
Market Drivers
The rising import and export services and activities around the world, as well as the thriving logistics industries, will be the primary factors driving market growth over the forecasted period. Increased seaborne trade activities, industrial production, and air cargo facilities are driving up demand for cargo handling equipment in order to achieve better and more efficient results. This factor is propelling the cargo handling equipment market's growth over the forecasted period. The increase in stringent emission requirements across cargo handling services is a critical factor driving market growth over the forecasted period. Equipment with improved fuel efficiency and lower emissions is in high demand for better shipment handling, which is also one of the factors driving market growth. Furthermore, the advancements in cargo shipment handling equipment, as well as the widespread use among various end users, drive market demand. Increased applications, increased government support, and rising levels of investment will drive market growth over the forecast period.
Market Restraints
The high capital costs associated with cargo handling equipment are one of the barriers to market expansion. This factor is impeding market growth. The rise in cargo accidents around the world has had a significant impact on the growth of the cargo handling market. Over the forecast period, this factor is expected to be a challenge for the cargo handling equipment market.
Impact of COVID-19
The corona virus outbreak is expected to have a significant impact on the cargo handling equipment market. Manufacturing units in the cargo handling equipment market have been closed due to restrictions imposed during the pandemic lockdown. Although the shortage of skilled professionals has had an impact on the market, the market is expected to grow in supply units during the post-pandemic era due to the lifting of restrictions following the lockdown. Furthermore, rising demand for cargo handling and transportation services has created market growth opportunities in the post-pandemic era.
Recent Developments
In 2020, the two leading cargo key players, PayCargo and IBS software, decided to form a joint organization that allows API-based combination and also provides an upgraded computerized installment stage in cargo handling equipment, resulting in profitable revenues for both companies.
Market Segmentation
Global Cargo Handling Equipment Market is segmented into By Product, Equipment Type, Propulsion Type, Cargo Type, Application, End User. By Product such as Trucks, Man Lifts, Rail Pushers, Electric Pallet Jacks, Excavators, Tractors, Bulldozers, Side Picks. By Equipment Type such as Aviation Dollies, Stacker, Pallet Jacks, Loaders, Conveyor System, Automated Guided Vehicle, Forklift Trucks, Cranes, Rubber Tired Gantry Cranes, Straddle Carriers, Reach Stackers, Terminal Tractors. By Propulsion Type such as Diesel, Electric, Others. By Cargo Type such as Container Cargo, Dry Bulk Cargo, Liquid Bulk Cargo, Break Bulk Cargo, Ro-Ro Cargo. By Application such as Air Cargo, Marine Cargo, Land Cargo. By End User such as Automotive, Consumer and Retail, Energy Resources, Manufacturing, Transportation, Others.
Regional Analysis
Global Cargo Handling Equipment Market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. Because of the increasing demand for strong and proficient container handling equipment, as well as the rapid increase in significant import and export within the region, Asia-Pacific dominates the cargo handling equipment market. North America is expected to grow significantly from 2022 to 2027 as a result of booming e-commerce and rapid industrialization and development within the region.
Key Players
This report includes a list of numerous Key Players, namely Anhui Heli (China), Textron Ground Support Equipment Inc. (U.S.), Liebherr-International Deutschland GmbH (Germany), TLD (U.S.), KION GROUP AG (Germany), ABB (U.S.), Hoist Material Handling, Inc. (U.S.), Hyster-Yale Group, Inc. (U.S.), Konecranes (Finland), Gantrex (Belgium).
Market Taxonomy
By Product
• Trucks
• Man Lifts
• Rail Pushers
• Electric Pallet Jacks
• Excavators
• Tractors
• Bulldozers
• Side Picks
By Equipment Type
• Aviation Dollies
• Stacker
• Pallet Jacks
• Loaders
• Conveyor System
• Automated Guided Vehicle
• Forklift Trucks
• Cranes
• Rubber Tired Gantry Cranes
• Straddle Carriers
• Reach Stackers
• Terminal Tractors
By Propulsion Type
• Diesel
• Electric
• Others
By Cargo Type
• Container Cargo
• Dry Bulk Cargo
• Liquid Bulk Cargo
• Break Bulk Cargo
• Ro-Ro Cargo
By Application
• Air Cargo
• Marine Cargo
• Land Cargo
By End User
• Automotive
• Consumer and Retail
• Energy Resources
• Manufacturing
• Transportation
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa.
Global Cargo Handling Equipment Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Cargo Handling Equipment Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Cargo Handling Equipment Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Global Cargo Handling Equipment Market Share Analysis, By Product
5.3 Global Cargo Handling Equipment Market Size and Forecast, By Product
5.3.1 Trucks
5.3.2 Man Lifts
5.3.3 Rail Pushers
5.3.4 Electric Pallet Jacks
5.3.5 Excavators
5.3.6 Tractors
5.3.7 Bulldozers
5.3.8 Side Picks
6 Global Cargo Handling Equipment Market, By Equipment Type
6.1 Y-o-Y Growth Comparison, By Equipment Type
6.2 Global Cargo Handling Equipment Market Share Analysis, By Equipment Type
6.3 Global Cargo Handling Equipment Market Size and Forecast, By Equipment Type
6.3.1 Aviation Dollies
6.3.2 Stacker
6.3.3 Pallet Jacks
6.3.4 Loaders
6.3.5 Conveyor System
6.3.6 Automated Guided Vehicle
6.3.7 Forklift Trucks
6.3.8 Cranes
6.3.9 Rubber Tired Gantry Cranes
6.3.10 Straddle Carriers
6.3.11 Reach Stackers
6.3.12 Terminal Tractors
7 Global Cargo Handling Equipment Market, By Propulsion Type
7.1 Y-o-Y Growth Comparison, By Propulsion Type
7.2 Global Cargo Handling Equipment Market Share Analysis, By Propulsion Type
7.3 Global Cargo Handling Equipment Market Size and Forecast, By Propulsion Type
7.3.1 Diesel
7.3.2 Electric
7.3.3 Others
8 Global Cargo Handling Equipment Market, By Cargo Type
8.1 Y-o-Y Growth Comparison, By Cargo Type
8.2 Global Cargo Handling Equipment Market Share Analysis, By Cargo Type
8.3 Global Cargo Handling Equipment Market Size and Forecast, By Cargo Type
8.3.1 Container Cargo
8.3.2 Dry Bulk Cargo
8.3.3 Liquid Bulk Cargo
8.3.4 Break Bulk Cargo
8.3.5 Ro-Ro Cargo
9 Global Cargo Handling Equipment Market, By End User
9.1 Y-o-Y Growth Comparison, By End User
9.2 Global Cargo Handling Equipment Market Share Analysis, By End User
9.3 Global Cargo Handling Equipment Market Size and Forecast, By End User
9.3.1 Automotive
9.3.2 Consumer and Retail
9.3.3 Energy Resources
9.3.4 Manufacturing
9.3.5 Transportation
9.3.6 Others
10 Global Cargo Handling Equipment Market, By Application
10.1 Y-o-Y Growth Comparison, By Application
10.2 Global Cargo Handling Equipment Market Share Analysis, By Application
10.3 Global Cargo Handling Equipment Market Size and Forecast, By Application
10.3.1 Air Cargo
10.3.2 Marine Cargo
10.3.3 Land Cargo
11Global Cargo Handling Equipment Market, By Region
11.1 Global Cargo Handling Equipment Market Share Analysis, By Region
11.2 Global Cargo Handling Equipment Market Share Analysis, By Region
11.3 Global Cargo Handling Equipment Market Size and Forecast, By Region
12 North America Cargo Handling Equipment Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 North America Cargo Handling Equipment Market Share Analysis, By Product
12.3 North America Cargo Handling Equipment Market Size and Forecast, By Equipment Type
12.4 North America Cargo Handling Equipment Market Size and Forecast, By Propulsion Type
12.5 North America Cargo Handling Equipment Market Size and Forecast, By Cargo Type
12.6 North America Cargo Handling Equipment Market Size and Forecast, By End User
12.7 North America Cargo Handling Equipment Market Size and Forecast, By Application
12.8 North America Cargo Handling Equipment Market Size and Forecast, By Country
12.8.1 U.S.
12.8.2 Canada
12.8.3 Mexico
13 Europe Cargo Handling Equipment Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Europe Cargo Handling Equipment Market, Share Analysis, By Product
13.3 Europe Cargo Handling Equipment Market, Size and Forecast, By Equipment Type
13.4 Europe Cargo Handling Equipment Market, Size and Forecast, By Cargo Type
13.5 Europe Cargo Handling Equipment Market, Size and Forecast, By Propulsion Type
13.6 Europe Cargo Handling Equipment Market, Size and Forecast, By End User
13.7 Europe Cargo Handling Equipment Market, Size and Forecast, By Application
13.8 Europe Cargo Handling Equipment Market, Size and Forecast, By Country
13.8.1 Germany
13.8.2 France
13.8.3 UK
13.8.4. Rest of Europe
14Asia Pacific Cargo Handling Equipment Market Analysis and Forecast (2022-2027)
14.1 Introduction
14.2 Asia Pacific Cargo Handling Equipment Market, Share Analysis, By Product
14.3 Asia Pacific Cargo Handling Equipment Market, Size and Forecast, By Equipment Type
14.4 Asia Pacific Cargo Handling Equipment Market, Size and Forecast, By Cargo Type
14.5 Asia Pacific Cargo Handling Equipment Market, Size and Forecast, By Propulsion Type
14.6 Asia Pacific Cargo Handling Equipment Market, Size and Forecast, By End User
14.7Asia Pacific Cargo Handling Equipment Market, Size and Forecast, By Application
14.8 Asia Pacific Cargo Handling Equipment Market, Size and Forecast, By Country
14.8.1 China
14.8.2 Japan
14.8.3 India
14.8.4. Rest of Asia Pacific
15Latin America Cargo Handling Equipment Market Analysis and Forecast (2022-2027)
15.1 Introduction
15.2 Latin America Cargo Handling Equipment Market, Share Analysis, By Product
15.3 Latin America Cargo Handling Equipment Market, Size and Forecast, By Equipment Type
15.4 Latin America Cargo Handling Equipment Market, Size and Forecast, By Cargo Type
15.5 Latin America Cargo Handling Equipment Market, Size and Forecast, By Propulsion Type
15.6 Latin America Cargo Handling Equipment Market, Size and Forecast, By End User
15.7 Latin America Cargo Handling Equipment Market, Size and Forecast, By Application
15.8 Latin America Cargo Handling Equipment Market, Size and Forecast, Country
15.8.1. Brazil
15.8.2.Rest of Latin America
16Middle East Cargo Handling Equipment Market Analysis and Forecast (2022-2027)
16.1 Introduction
16.2 Middle East Cargo Handling Equipment Market, Share Analysis, By Product
16.3 Middle East Cargo Handling Equipment Market, Size and Forecast, By Equipment Type
16.4 Middle East Cargo Handling Equipment Market, Size and Forecast, By Cargo Type
16.5 Middle East Cargo Handling Equipment Market, Size and Forecast, By Propulsion Type
16.6 Middle East Cargo Handling Equipment Market, Size and Forecast, By End User
16.7 Middle East Cargo Handling Equipment Market, Size and Forecast, By Application
16.8 Middle East Cargo Handling Equipment Market, Size and Forecast, By Country
16.8.1. Saudi Arabia
16.8.2. UAE
16.8.3. Egypt
16.8.4. Kuwait
16.8.5. South Africa
17Competitive Analysis
17.1 Competition Dashboard
17.2 Market share Analysis of Top Vendors
17.3 Key Development Strategies
18 Company Profiles
18.1 Anhui Heli (China)
18.1.1 Overview
18.1.2 Offerings
18.1.3 Key Financials
18.1.4 Business Segment & Geographic Overview
18.1.5 Key Market Developments
18.1.6 Key Strategies
18.2 Textron Ground Support Equipment Inc. (U.S.)
18.2.1 Overview
18.2.2 Offerings
18.2.3 Key Financials
18.2.4 Business Segment & Geographic Overview
18.2.5 Key Market Developments
18.2.6 Key Strategies
18.3 Liebherr-International Deutschland GmbH (Germany)
18.3.1 Overview
18.3.2 Offerings
18.3.3 Key Financials
18.3.4 Business Segment & Geographic Overview
18.3.5 Key Market Developments
18.3.6 Key Strategies
18.4 TLD (U.S.)
18.4.1 Overview
18.4.2 Offerings
18.4.3 Key Financials
18.4.4 Business Segment & Geographic Overview
18.4.5 Key Market Developments
18.4.6 Key Strategies
18.5 KION GROUP AG (Germany)
18.5.1 Overview
18.5.2 Offerings
18.5.3 Key Financials
18.5.4 Business Segment & Geographic Overview
18.5.5 Key Market Developments
18.5.6 Key Strategies
18.6 ABB (U.S.)
18.6.1 Overview
18.6.2 Offerings
18.6.3 Key Financials
18.6.4 Business Segment & Geographic Overview
18.6.5 Key Market Developments
18.6.6 Key Strategies
18.7 Hoist Material Handling, Inc. (U.S.)
18.7.1 Overview
18.7.2 Offerings
18.7.3 Key Financials
18.7.4 Business Segment & Geographic Overview
18.7.5 Key Market Developments
18.7.6 Key Strategies
18.8 Hyster-Yale Group, Inc. (U.S.)
18.8.1 Overview
18.8.2 Offerings
18.8.3 Key Financials
18.8.4 Business Segment & Geographic Overview
18.8.5 Key Market Developments
18.8.6 Key Strategies
18.9 Konecranes (Finland)
18.9.1 Overview
18.9.2 Offerings
18.9.3 Key Financials
18.9.4 Business Segment & Geographic Overview
18.9.5 Key Market Developments
18.9.6 Key Strategies
18.10 Gantrex (Belgium)
18.10.1 Overview
18.10.2 Offerings
18.10.3 Key Financials
18.10.4 Business Segment & Geographic Overview
18.10.5 Key Market Developments
18.10.6 Key Strategies