Global Cargo Handling Equipment Market is valued approximately USD 23.30 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 3.05% over the forecast period 2022-2029. Cargo Handling Equipment's are essential for port operations. The Cargo Handling Equipment are used for efficient and safe handling of material arriving at and departing from ports in shipping containers. Different CHE includes top handlers, side handlers, reach stackers, straddle carriers, gantry cranes, forklifts, terminal tractors, and yard trucks among others. The increasing growth of cross border e-commerce trade and growth in cross border trade activities post covid era are key factors driving the market growth.
The rising expansion of cross border ecommerce sector is contributing towards the Global market growth. For instance - as per Statista - in 2019, the global cross-border e-commerce market was valued at USD 579billion, and as projections the market is projected to grow to USD 2.25 trillion by the year 2026. Moreover, in June 2022, Bangladesh government and the Asian Development Bank (ADB) signed agreement for USD 143 million policy-based loan to improve the cross-border trade in Bangladesh. Also, increasing number of cross border free trade agreements between countires and growing adoption of workflow automation would create lucrative growth prospectus for the market over the forecast period. However, stringent emission norms as well as high deployment and maintenance cost stifle the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Cargo Handling Equipment Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of leading market players and growth in cross border trade in post pandemic era in the region. Whereas Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as rising expansion of port and shipping infrastructure and increasing growth of cross border ecommerce trade in the region.
Major market player included in this report are:
- Hangcha Forklift (China)
- Siemens Logistics GmbH (Germany)
- TOYOTA INDUSTRIES CORPORATION (Japan)
- Terex Corporation. (U.S.)
- 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.)
Recent Developments in the Market:
- In March 2022, The Namibian Ports Authority announced procurement of cargo handling equipment worth N$17 million, to increase operational efficiency at its ports from Liebherr-Africa and Forklifts and Allied Equipment cc respectively.
Global Cargo Handling Equipment Market Report Scope:
- Historical Data 2019-2020-2021
- Base Year for Estimation 2021
- Forecast period 2022-2029
- Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered Propulsion, Equipment Type, Application, Region
- Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Propulsion:
By Equipment Type:
- Conveyer
- Forklift Truck
- Aviation Dolly
- AGV
- Crane
- RTG
- Other
By Application:
- Marine Cargo
- Air Cargo
- Land Cargo
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- RoLA
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Cargo Handling Equipment Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Cargo Handling Equipment Market, by Propulsion, 2019-2029 (USD Billion)
- 1.2.3. Cargo Handling Equipment Market, by Equipment Type, 2019-2029 (USD Billion)
- 1.2.4. Cargo Handling Equipment Market, by Application, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Cargo Handling Equipment Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Cargo Handling Equipment Market Dynamics
- 3.1. Cargo Handling Equipment Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing growth of cross border e-commerce trade
- 3.1.1.2. Growth in cross border trade activities post covid era
- 3.1.2. Market Challenges
- 3.1.2.1. Stringent emission norms
- 3.1.2.2. High deployment and maintenance cost
- 3.1.3. Market Opportunities
- 3.1.3.1. Increasing number of cross border free trade agreements between countires
- 3.1.3.2. Growing adoption of workflow automation
Chapter 4. Global Cargo Handling Equipment Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. Industry Experts Prospective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Cargo Handling Equipment Market, by Propulsion
- 6.1. Market Snapshot
- 6.2. Global Cargo Handling Equipment Market by Propulsion, Performance - Potential Analysis
- 6.3. Global Cargo Handling Equipment Market Estimates & Forecasts by Propulsion 2019-2029 (USD Billion)
- 6.4. Cargo Handling Equipment Market, Sub Segment Analysis
- 6.4.1. Diesel
- 6.4.2. Electric
- 6.4.3. Other
Chapter 7. Global Cargo Handling Equipment Market, by Equipment Type
- 7.1. Market Snapshot
- 7.2. Global Cargo Handling Equipment Market by Equipment Type, Performance - Potential Analysis
- 7.3. Global Cargo Handling Equipment Market Estimates & Forecasts by Equipment Type 2019-2029 (USD Billion)
- 7.4. Cargo Handling Equipment Market, Sub Segment Analysis
- 7.4.1. Conveyer
- 7.4.2. Forklift Truck
- 7.4.3. Aviation Dolly
- 7.4.4. AGV
- 7.4.5. Crane
- 7.4.6. RTG
- 7.4.7. Other
Chapter 8. Global Cargo Handling Equipment Market, by Application
- 8.1. Market Snapshot
- 8.2. Global Cargo Handling Equipment Market by Application, Performance - Potential Analysis
- 8.3. Global Cargo Handling Equipment Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
- 8.4. Cargo Handling Equipment Market, Sub Segment Analysis
- 8.4.1. Marine Cargo
- 8.4.2. Air Cargo
- 8.4.3. Land Cargo
Chapter 9. Global Cargo Handling Equipment Market, Regional Analysis
- 9.1. Cargo Handling Equipment Market, Regional Market Snapshot
- 9.2. North America Cargo Handling Equipment Market
- 9.2.1. U.S. Cargo Handling Equipment Market
- 9.2.1.1. Propulsion breakdown estimates & forecasts, 2019-2029
- 9.2.1.2. Equipment Type breakdown estimates & forecasts, 2019-2029
- 9.2.1.3. Application breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Cargo Handling Equipment Market
- 9.3. Europe Cargo Handling Equipment Market Snapshot
- 9.3.1. U.K. Cargo Handling Equipment Market
- 9.3.2. Germany Cargo Handling Equipment Market
- 9.3.3. France Cargo Handling Equipment Market
- 9.3.4. Spain Cargo Handling Equipment Market
- 9.3.5. Italy Cargo Handling Equipment Market
- 9.3.6. Rest of Europe Cargo Handling Equipment Market
- 9.4. Asia-Pacific Cargo Handling Equipment Market Snapshot
- 9.4.1. China Cargo Handling Equipment Market
- 9.4.2. India Cargo Handling Equipment Market
- 9.4.3. Japan Cargo Handling Equipment Market
- 9.4.4. Australia Cargo Handling Equipment Market
- 9.4.5. South Korea Cargo Handling Equipment Market
- 9.4.6. Rest of Asia Pacific Cargo Handling Equipment Market
- 9.5. Latin America Cargo Handling Equipment Market Snapshot
- 9.5.1. Brazil Cargo Handling Equipment Market
- 9.5.2. Mexico Cargo Handling Equipment Market
- 9.5.3. Rest of Latin America Cargo Handling Equipment Market
- 9.6. Rest of The World Cargo Handling Equipment Market
Chapter 10. Competitive Intelligence
- 10.1. Top Market Strategies
- 10.2. Company Profiles
- 10.2.1. Hangcha Forklift (China)
- 10.2.1.1. Key Information
- 10.2.1.2. Overview
- 10.2.1.3. Financial (Subject to Data Availability)
- 10.2.1.4. Product Summary
- 10.2.1.5. Recent Developments
- 10.2.2. Siemens Logistics GmbH (Germany)
- 10.2.3. TOYOTA INDUSTRIES CORPORATION (Japan)
- 10.2.4. Terex Corporation. (U.S.)
- 10.2.5. Anhui Heli (China)
- 10.2.6. Textron Ground Support Equipment Inc. (U.S.)
- 10.2.7. Liebherr-International Deutschland GmbH (Germany)
- 10.2.8. TLD (U.S.)
- 10.2.9. KION GROUP AG (Germany)
- 10.2.10. ABB (U.S.)
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption