According to Stratistics MRC, the Global Cargo Handling Equipment Market is accounted for $23.89 billion in 2020 and is expected to reach $36.98 billion by 2028 growing at a CAGR of 5.6% during the forecast period. Increasing cargo transportation around the world and constantly increasing seaborne trade are major factors driving the growth of the market. However, the cost of cargo handling equipment is capitally high is hampering the market.
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By propulsion type, diesel segment is experiencing considerable market growth. As diesel engines power the majority of cargo handling equipment, including straddle carriers, reach stackers, forklift trucks, RTG cranes, and terminal tractors.Based on the geography, Asia Pacific is dominating the market during the forecast period. The rising seaborne trade, growing industrial production and boost in air cargo movement in this region. Additionally, growing trend such as E-commerce is also fuelling the demand for cargo handling equipment market in Asia pacific region.
Some of the key players profiled in the Cargo Handling Equipment Market include Anhui Heli, Hyster, Jbt Corporation, Kalmar, Kion Group, Konecranes, Liebherr, Macgregor, Mitsubishi, Sany, Terex, Toyota Industries.
Equipment Types Covered:
• Air Cargo
• Land Cargo
• Marine Cargo
Propulsion Types Covered:
• Diesel
• Electric
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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