DUBLIN--(BUSINESS WIRE)--The "Cargo Handling Equipment Market by Application (Air, Land, & Marine), Equipment (Conveyors, Forklift Truck, Aviation Dolly, Pallet Jack, AGV, Crane, Loader, Stacker, Straddle Carrier, Terminal Tractor), Propulsion & Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The cargo handling equipment market is projected to reach USD 28.02 billion by 2025 from an estimated USD 21.85 billion in 2018, at a CAGR of 3.61% during the forecast period.
The efforts toward cargo equipment automation, rising demand for electric and hybrid equipment to achieve lower emissions and fuel consumption, and increased demand in the Asia-Pacific region are expected to drive the market for cargo handling equipment during the forecast period.
The diesel propelled cargo handling equipment segment is expected to hold the largest market share in 2018 due to the efficient power delivery, low fuel costs, and inadequate/insufficient electric infrastructure at small and medium terminals. Also, the stringent emission regulations for NOx, PM, and CO2 by the US EPA and European Union have prompted equipment manufacturers to offer fuel-efficient equipment with lower emissions. Hence, equipment manufacturers are focusing on the development and sale of electric and hybrid equipment.
Increasing seaborne trade and import/export have increased the demand for movement of cargo in the marine ports. Furthermore, the number of small and medium marine ports is increasing in countries such as India, Malaysia and Thailand, which has driven the demand and boosted the growth of marine cargo equipment handling market in Asia-Pacific at the highest CAGR during forecast period.
- Anhui Heli
- Emerson Electric
- Hangcha Group Co. Ltd
- Hoist Lifttruck
- JBT Corporation
- Kion Group
- Lonking Machinery
- Mallaghan Engineering
- Shanghai Zhenhua Heavy Industries Company Limited
- Siemens AG
- Tec Containers
- Teleflex Lionel-Dupont
- Toyota Industries
- Tug Technologies
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Cargo Handling Equipment Market, By Application
7 Air Cargo Handling Equipment Market, By Equipment Type
8 Land Cargo Handling Equipment Market, By Equipment Type
9 Marine Cargo Handling Equipment Market, By Equipment Type
10 Cargo Handling Equipment Market, By Equipment Type
11 Cargo Handling Equipment Market, By Propulsion Type
12 Cargo Handling Equipment Market, By Region
13 Competitive Landscape
14 Company Profiles
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