Cargo Handling Equipment Market - Forecast(2024 - 2030)
Overview
The Global Cargo Handling Equipment Market is estimated to reach $30.4 billion by 2025, growing at a CAGR of 3.2% from 2020 to 2025. Cargo handling equipment are used in container ships for transportations of goods and services. Furthermore, the cargo handling equipment are used for loading/discharging operations for instance cargo cranes, side loading system, cargo pumping systems, conveyors, belt conveyors, elevators, side loading systems and others. The demand for cargo handling equipment is rising very rapidly as the adoption of the cargo handling equipment is rising in the end use industries.
The increasing demand for strong cargo handling equipments along with rising demand of cargo shipping for transportation of goods and services efficiently in less time and low cost is driving the growth of the market.
Report Coverage
The report: “Cargo Handling Equipment Market – Forecast (2020-2025)”, by Industry ARC covers an in-depth analysis of the following segments of Cargo Handling Equipment Market.
By Cargo Type – Container Cargo, Dry Bulk Cargo, Liquid Bulk, Break Bulk Cargo, Ro-Ro Cargo
By Organization Size- Small & Medium Enterprises, Large Enterprises
By Application – Air Cargo, Marine Cargo, Land Cargo
By Mode of Propulsion - Diesel, Electric, Hybrid, Others
By Equipment Type - Conveyor Systems, Automated Guided Vehicle, Stacker, Pallet Jack, Aviation Dollies, Tired Granty Cranes, Forklifts, Cranes, Terminal Tractors, Loaders, Conveyor System, AGV, Straddle Carrier, RTG, and Others
By End Users- Automotive, Food and Beverages, Chemicals, Minerals & Materials, Consumer & Retail, Energy & Resources, Manufacturing, Packaging, Transportation, Others
By Geography - North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle east and Africa)
Key Takeaways
- Rise in adoption of cargo handling equipments in the containers through air, land and marine routes for trade purposes owing to the efficiency of these equipments have driven the market growth.
- The Diesel mode of propulsion is dominating the market owing to its low cost as compared to the others along with the wide adoption of diesel mode of propulsion. Owing to the cost factor diesel yard tractors are adopted and used by most of the end use industries thereby driving the growth of the market.
- APAC is expected to dominate the global Cargo Handling Equipment Market in the forecast period 2020-2025 owing the rising demand of strong and efficient equipment for container handling and increase in considerable import and export along with e-commerce in this region.
By Mode of Propulsion- Segment Analysis
By mode of Propulsion Cargo Handling Equipment Market is segmented Diesel and Electric. The diesel mode of propulsion is witnessing a significant growth in the market owing to the less cost of diesel yard tractors. In the ports many truck hauling containers and other cargo marine terminals are all powered by diesel engines. The durability and longevity offered by diesel engines are mostly preferred in applications for instance locomotives and marine workboats. Furthermore, apart from the diesel engine durability, the replacement of older engines with the newer ones results in reduction of substantial emissions along with fuel saving benefits. Due to factors such as improved reliability, efficiency, power and performance the diesel engines are preferred as a convenient option owing to which it is widely used in cargo handling equipment.
By Application - Segment Analysis
By Application the market is segmented into Air cargo, Marine Cargo and Land Cargo. The Marine cargo is dominating the market owing to its wide use in the container ships. According to CEIC, reportedly Chinas Container Port Throughput had an increase from 216,684,000 TEU to 225,828,900 TEU in December 2018 as compared to December 2017. According to Diesel technology Forum, the U.S economy is increasingly depending upon the international trade owing to which 39 of 360 commercial ports are located in this region for international trade. The increasing use of e-commerce is effecting the trade through the sea borne routes in the recent years. So, as the usage of cargo ships has increased the usage of marine cargo has an upsurge boosting the growth of the market.
Geography - Segment Analysis
Global Cargo Handling Market is dominated by APAC region with a market share 36.4% in 2019. The rising technological advancements and growth in import and exports along with growth in e-commerce have driven the cargo handling opportunities in APAC. The rise in globalization has resulted in the growth of import and exports of goods and materials between different countries in APAC. This growth in globalization has resulted in trade businesses between different countries and import and exports thereby increasing the cargo handling equipment opportunities.
Drivers – Cargo Handling Equipment Market
- Rising demand for marine business
The rise in business through seaborne routes is one of the major factor driving the growth of the market. Owing to the efficient delivery of delicate manufacturing materials and other materials along with lower cost have led to the development of advanced cargo handling equipment thereby driving the market growth. The seaborne routes are chosen for import and export purposes by many countries at a global level as the cargo ships can carry huge materials through just at one single voyage saving the cost of transportation. Furthermore, the small companies are extensively using cargo shipping for trade purposes as they generally opt for tramp shipping as they do not have enough fleet to run linear voyages and also to save the transportation costs that require several transportations. These factors are driving the growth of the market.
- Rise in transportation due to rise in technological advancement:
The growth of technological advancements has driven the rise in transportation, import and export businesses globally owing to the introduction of efficient cargo handling equipment. The transportation of goods and services through air, land and marine routes are possible due to the growth of technological advancements. The development of cargo handling equipment are possible that are more ecofriendly as they consume less power and result in less emissions by propulsion mode are used owing to the technological advancements. These factors are boosting the growth of the market.
Challenges – Cargo Handling Equipment's Market
- Cost Related Challenge:
Although there are many advantages of cargo handling equipment, owing to the price related problems many organizations are unable to use the costly cargo handling equipments. The conveyors and other equipments of cargo handling are costly owing to which small enterprises dealing with cargo shipping are unable to use these equipments.
Market Landscape
Cargo Handling Equipment Market is dominated by major companies such as KION Group, JBT, TLD, HYSTER, Textron Ground Support Equipment Incorporated, Mitsubishi Motors, Terex Corporation, Hyundai Heavy Industries, Hangcha, Siemens among others.
Acquisitions/Technology Launches
- June 8, 2020- PayCargo and IBS Software announced a joint partnership. The partnership allows API based integration and provides enhanced digital payment platform for cargo handling equipment for both the organizations.
- February 4, 2020- CARB, California Air Resource Board launched a project with zero emission freight equipment in rail yards, air ports, distribution centers and others. An investment of $44M was raised for this project.
1. Cargo Handling Equipment Market - Overview
1.1 Definitions and Scope
2. Cargo Handling Equipment Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3. Cargo Handling Equipment Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4. Cargo Handling Equipment Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Cargo Handling Equipment Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. Cargo Handling Equipment Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Cargo Handling Equipment Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
8. Cargo Handling Equipment Market - By Equipment Type (Market Size -$Million / $Billion)
8.1 Introduction
8.2 Aviation Dollies
8.3 Loader
8.4 Terminal Tractor
8.5 Crane
8.6 Reach Stacker
8.7 Rubber-Tired Gantry (RTG)
8.8 Straddle Carrier
8.9 Forklift Truck
8.10 Pallet Jack
8.11 Conveyor System
8.12 Stacker
8.13 Automated Guided Vehicle
8.14 Other Cargo Handling Equipment
9. Cargo Handling Equipment Market - By Propulsion Type (Market Size -$Million / $Billion)
9.1 Diesel
9.2 Electric
9.3 Other Propulsion Type
10. Cargo Handling Equipment - By Application (Market Size -$Million / $Billion)
10.1 Segment type Size and Market Share Analysis
10.2 Application Revenue and Trends by type of Application
10.3 Application Segment Analysis by Type
10.3.1 Marine Cargo
10.3.2 Air Cargo
10.3.3 Land Cargo
11. Cargo Handling Equipment- By Geography (Market Size -$Million / $Billion)
11.1 Cargo Handling Equipment Market - North America Segment Research
11.2 North America Market Research (Million / $Billion)
11.2.1 Segment type Size and Market Size Analysis
11.2.2 Revenue and Trends
11.2.3 Application Revenue and Trends by type of Application
11.2.4 Company Revenue and Product Analysis
11.2.5 North America Product type and Application Market Size
11.2.5.1 U.S
11.2.5.2 Canada
11.2.5.3 Mexico
11.2.5.4 Rest of North America
11.3 Cargo Handling Equipment- South America Segment Research
11.4 South America Market Research (Market Size -$Million / $Billion)
11.4.1 Segment type Size and Market Size Analysis
11.4.2 Revenue and Trends
11.4.3 Application Revenue and Trends by type of Application
11.4.4 Company Revenue and Product Analysis
11.4.5 South America Product type and Application Market Size
11.4.5.1 Brazil
11.4.5.2 Venezuela
11.4.5.3 Argentina
11.4.5.4 Ecuador
11.4.5.5 Peru
11.4.5.6 Colombia
11.4.5.7 Costa Rica
11.4.5.8 Rest of South America
11.5 Cargo Handling Equipment- Europe Segment Research
11.6 Europe Market Research (Market Size -$Million / $Billion)
11.6.1 Segment type Size and Market Size Analysis
11.6.2 Revenue and Trends
11.6.3 Application Revenue and Trends by type of Application
11.6.4 Company Revenue and Product Analysis
11.6.5 Europe Segment Product type and Application Market Size
11.6.5.1 U.K
11.6.5.2 Germany
11.6.5.3 Italy
11.6.5.4 France
11.6.5.5 Netherlands
11.6.5.6 Belgium
11.6.5.7 Denmark
11.6.5.8 Spain
11.6.5.9 Rest of Europe
11.7 Cargo Handling Equipment - APAC Segment Research
11.8 APAC Market Research (Market Size -$Million / $Billion)
11.8.1 Segment type Size and Market Size Analysis
11.8.2 Revenue and Trends
11.8.3 Application Revenue and Trends by type of Application
11.8.4 Company Revenue and Product Analysis
11.8.5 APAC Segment - Product type and Application Market Size
11.8.5.1 China
11.8.5.2 Australia
11.8.5.3 Japan
11.8.5.4 South Korea
11.8.5.5 India
11.8.5.6 Taiwan
11.8.5.7 Malaysia
11.8.5.8 Hong kong
11.8.5.9 Rest of APAC
11.9 Cargo Handling Equipment - Middle East Segment and Africa Segment Research
11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
11.10.1 Segment type Size and Market Size Analysis
11.10.2 Revenue and Trend Analysis
11.10.3 Application Revenue and Trends by type of Application
11.10.4 Company Revenue and Product Analysis
11.10.5 Middle East Segment Product type and Application Market Size
11.10.5.1 Israel
11.10.5.2 Saudi Arabia
11.10.5.3 UAE
11.10.6 Africa Segment Analysis
11.10.6.1 South Africa
11.10.6.2 Rest of Middle East & Africa
12. Cargo Handling Equipment Market - Entropy
12.1 New product launches
12.2 M&A s, collaborations, JVs and partnerships
13. Cargo Handling Equipment Market - Industry / Segment Competition landscape Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Top companies
13.1.2 Market Share by Region- Top 10 companies
13.1.3 Market Share by type of Application - Top 10 companies
13.1.4 Market Share by type of Product / Product category- Top 10 companies
13.1.5 Market Share at global level - Top 10 companies
13.1.6 Best Practises for companies
14. Cargo Handling Equipment Market - Key Company List by Country Premium
15. Cargo Handling Equipment Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Additional Company Profile
15.2 Anhui Heli
15.3 Emerson Electric
15.4 Gantrex
15.5 Hangcha Group Co. Ltd Oist Lifttruck
15.6 Hoist Lifttruck
15.7 Hyster
15.8 Jbt Corporation
15.9 Kalmar
15.10 Kion Group
15.11 Konecranes
15.12 Liebherr
15.13 Lonking Machinery
15.14 Macgregor
15.15 Mallaghan Engineering
15.16 Mitsubishi
15.17 Sany
15.18 Shanghai Zhenhua Heavy Industry Company Limited
15.19 Siemens Ag
15.20 Tec Container
15.21 Teleflex Lionel-Dupont
15.22 Terex
15.23 Toyota Industry
15.24 Tug Technology
15.25 Company 24
15.26 Company 25 & More
16.1 Abbreviations
16.2 Sources
17. Cargo Handling Equipment Market - Methodology
17.1 Research Methodology
17.1.1 Company Expert Interviews
17.1.2 Industry Databases
17.1.3 Associations
17.1.4 Company News
17.1.5 Company Annual Reports
17.1.6 Application Trends
17.1.7 New Products and Product database
17.1.8 Company Transcripts
17.1.9 R&D Trends
17.1.10 Key Opinion Leaders Interviews
17.1.11 Supply and Demand Trends
1.1 Definitions and Scope
2. Cargo Handling Equipment Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3. Cargo Handling Equipment Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4. Cargo Handling Equipment Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Cargo Handling Equipment Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. Cargo Handling Equipment Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Cargo Handling Equipment Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
8. Cargo Handling Equipment Market - By Equipment Type (Market Size -$Million / $Billion)
8.1 Introduction
8.2 Aviation Dollies
8.3 Loader
8.4 Terminal Tractor
8.5 Crane
8.6 Reach Stacker
8.7 Rubber-Tired Gantry (RTG)
8.8 Straddle Carrier
8.9 Forklift Truck
8.10 Pallet Jack
8.11 Conveyor System
8.12 Stacker
8.13 Automated Guided Vehicle
8.14 Other Cargo Handling Equipment
9. Cargo Handling Equipment Market - By Propulsion Type (Market Size -$Million / $Billion)
9.1 Diesel
9.2 Electric
9.3 Other Propulsion Type
10. Cargo Handling Equipment - By Application (Market Size -$Million / $Billion)
10.1 Segment type Size and Market Share Analysis
10.2 Application Revenue and Trends by type of Application
10.3 Application Segment Analysis by Type
10.3.1 Marine Cargo
10.3.2 Air Cargo
10.3.3 Land Cargo
11. Cargo Handling Equipment- By Geography (Market Size -$Million / $Billion)
11.1 Cargo Handling Equipment Market - North America Segment Research
11.2 North America Market Research (Million / $Billion)
11.2.1 Segment type Size and Market Size Analysis
11.2.2 Revenue and Trends
11.2.3 Application Revenue and Trends by type of Application
11.2.4 Company Revenue and Product Analysis
11.2.5 North America Product type and Application Market Size
11.2.5.1 U.S
11.2.5.2 Canada
11.2.5.3 Mexico
11.2.5.4 Rest of North America
11.3 Cargo Handling Equipment- South America Segment Research
11.4 South America Market Research (Market Size -$Million / $Billion)
11.4.1 Segment type Size and Market Size Analysis
11.4.2 Revenue and Trends
11.4.3 Application Revenue and Trends by type of Application
11.4.4 Company Revenue and Product Analysis
11.4.5 South America Product type and Application Market Size
11.4.5.1 Brazil
11.4.5.2 Venezuela
11.4.5.3 Argentina
11.4.5.4 Ecuador
11.4.5.5 Peru
11.4.5.6 Colombia
11.4.5.7 Costa Rica
11.4.5.8 Rest of South America
11.5 Cargo Handling Equipment- Europe Segment Research
11.6 Europe Market Research (Market Size -$Million / $Billion)
11.6.1 Segment type Size and Market Size Analysis
11.6.2 Revenue and Trends
11.6.3 Application Revenue and Trends by type of Application
11.6.4 Company Revenue and Product Analysis
11.6.5 Europe Segment Product type and Application Market Size
11.6.5.1 U.K
11.6.5.2 Germany
11.6.5.3 Italy
11.6.5.4 France
11.6.5.5 Netherlands
11.6.5.6 Belgium
11.6.5.7 Denmark
11.6.5.8 Spain
11.6.5.9 Rest of Europe
11.7 Cargo Handling Equipment - APAC Segment Research
11.8 APAC Market Research (Market Size -$Million / $Billion)
11.8.1 Segment type Size and Market Size Analysis
11.8.2 Revenue and Trends
11.8.3 Application Revenue and Trends by type of Application
11.8.4 Company Revenue and Product Analysis
11.8.5 APAC Segment - Product type and Application Market Size
11.8.5.1 China
11.8.5.2 Australia
11.8.5.3 Japan
11.8.5.4 South Korea
11.8.5.5 India
11.8.5.6 Taiwan
11.8.5.7 Malaysia
11.8.5.8 Hong kong
11.8.5.9 Rest of APAC
11.9 Cargo Handling Equipment - Middle East Segment and Africa Segment Research
11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
11.10.1 Segment type Size and Market Size Analysis
11.10.2 Revenue and Trend Analysis
11.10.3 Application Revenue and Trends by type of Application
11.10.4 Company Revenue and Product Analysis
11.10.5 Middle East Segment Product type and Application Market Size
11.10.5.1 Israel
11.10.5.2 Saudi Arabia
11.10.5.3 UAE
11.10.6 Africa Segment Analysis
11.10.6.1 South Africa
11.10.6.2 Rest of Middle East & Africa
12. Cargo Handling Equipment Market - Entropy
12.1 New product launches
12.2 M&A s, collaborations, JVs and partnerships
13. Cargo Handling Equipment Market - Industry / Segment Competition landscape Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Top companies
13.1.2 Market Share by Region- Top 10 companies
13.1.3 Market Share by type of Application - Top 10 companies
13.1.4 Market Share by type of Product / Product category- Top 10 companies
13.1.5 Market Share at global level - Top 10 companies
13.1.6 Best Practises for companies
14. Cargo Handling Equipment Market - Key Company List by Country Premium
15. Cargo Handling Equipment Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Additional Company Profile
15.2 Anhui Heli
15.3 Emerson Electric
15.4 Gantrex
15.5 Hangcha Group Co. Ltd Oist Lifttruck
15.6 Hoist Lifttruck
15.7 Hyster
15.8 Jbt Corporation
15.9 Kalmar
15.10 Kion Group
15.11 Konecranes
15.12 Liebherr
15.13 Lonking Machinery
15.14 Macgregor
15.15 Mallaghan Engineering
15.16 Mitsubishi
15.17 Sany
15.18 Shanghai Zhenhua Heavy Industry Company Limited
15.19 Siemens Ag
15.20 Tec Container
15.21 Teleflex Lionel-Dupont
15.22 Terex
15.23 Toyota Industry
15.24 Tug Technology
15.25 Company 24
15.26 Company 25 & More
*Financials would be provided on a best efforts basis for private companies
16. Cargo Handling Equipment Market - Appendix16.1 Abbreviations
16.2 Sources
17. Cargo Handling Equipment Market - Methodology
17.1 Research Methodology
17.1.1 Company Expert Interviews
17.1.2 Industry Databases
17.1.3 Associations
17.1.4 Company News
17.1.5 Company Annual Reports
17.1.6 Application Trends
17.1.7 New Products and Product database
17.1.8 Company Transcripts
17.1.9 R&D Trends
17.1.10 Key Opinion Leaders Interviews
17.1.11 Supply and Demand Trends