About Cargo Handling Equipment
Rapid development in cargo equipment automation, increasing demand for electric and hybrid equipment to reach lower emissions and fuel consumption and augmented demand in the Asia-Pacific (APAC) region are expected to drive the Global Cargo Handling Equipment Market for cargo handling equipment during the forecasted period. Global cargo handling equipment market is anticipated to have considerable growth with growing marine and air traffic.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
CAGR | 3.61% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that European Manufacturers will contribute the maximum growth to Global Cargo Handling Equipment market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Kalmar (Finland), Konecranes (Finland), Liebherr (Switzerland), Hyster (United States), Lonking (China), Anhui Heli (China), CVS Ferrari (Italy), Hoist Liftruck (United States), Siemens AG (Germany), Emerson Electric (United States) and JBT Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Sany (China) and ZPMC (China).
Segmentation Overview
AMA Research has segmented the market of Global Cargo Handling Equipment market by , Application (Air Cargo, Marine Cargo and Land Cargo) and Region.
On the basis of geography, the market of Cargo Handling Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Propulsion Type, the sub-segment i.e. Diesel will boost the Cargo Handling Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Equipment Type, the sub-segment i.e. Aviation Dollies will boost the Cargo Handling Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Investment in Advanced Technology Equipment to Reduce Loading and Unloading Time and Advance Their Operating Efficiency and Increasing Demand Due To New Air and Marine Port Construction
Market Growth Drivers:
Fueling Cargo Transportation All Over the World and Increasing Marine and Air Traffic.
Challenges:
Growing Concern Regarding Accidents Involved While Using Cargo Handling Equipment and Lack of Synchronization between Different Port Equipment
Restraints:
High Capital Costs of Cargo Handling Equipment
Opportunities:
Growing Government Stringency in Emission Regulations and Rising Automation in Cargo Handling Equipment to Open Doors for Technology Suppliers
Market Leaders and their expansionary development strategies
On 23rd April 2018, ZF Friedrichshafen AG entered into a joint venture with Chinese company Anhui Heli Co., Ltd. in February. The company is to be named ZF-HELI Drivetech (Hefei) Co., Ltd. This joint venture will enable ZF to access the Chinese market, the biggest and fastest-growing market for forklift trucks. In addition, ZF will strengthen its extensive product portfolio with Anhui Heli products.
On 22nd March 2018, Hiab, part of Cargotec, has launched an innovative new product to handle containers safely and efficiently in locations where no infrastructure exists to load or unload containers from a truck.
Key Target Audience
Cargo Handling Equipment Manufacturers, Cargo Handling Equipment Traders and Distributors, Air Cargo Associations, Air Cargo Equipment Manufacturers, Government Research Organization, Private Research Organization, Government Regulatory Bodies, Industry Association, Downstream Vendors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.