The global cargo handling equipment market has observed a considerable growth in the last five years and is expected to promising growth through the forecast period 2021 - 2023. This growth is primarily attributed to increasing traffic at ports and initiative take by port operating authorities to reduce fuel emission and improve operating efficiency. Moreover, emerging economies are continuously investing in expansion of air and marine transportation projects to support their economic developments. The market for cargo handling equipment is expected to witness significant growth with increasing mechanization and electrification of cargo handling equipment. This represents a positive outlook for cargo equipment suppliers. This study on “Cargo Handling Equipment Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2021 – 2023” highlights key investment opportunities in the global cargo handling equipment market.

The research study on cargo handling equipment market includes exhaustive analysis of the market influencing and limiting factors related to global cargo handling equipment industry. The report also includes current and future industry trends in the global as well as regional cargo handling equipment market. The report includes extensive information of demand-supply, technology development and pricing trends. High level analysis such as PESTEL, consumer behavior analysis, value chain and market attractive analysis included in the report helps industry players to identify key investment areas in this industry.

The market study of cargo handling equipment also provides market estimates and forecast of different types of cargo handling equipment and technology market size in the global, regional and country level markets in terms of both volume (number of units sold) and revenue (US$ Bn). This market is classified on the basis of vehicle type and region. The report also includes cross sectional analysis on the regional and country level i.e. regional market size by vehicle type. This study includes market historical market size (2018 & 2019), market estimate (2020) and forecast for the period 2021 – 2023 in terms of volume and revenue.

The report profiles major players in the global cargo handling equipment industry. Company profiles include detailed information about business strategies, financial overview, major competitors, product portfolio, recent developments and regional positioning of these manufacturers. The report also provides in-depth analysis about global market competition, regional market players and suppliers and positioning of key market players in the global market along with their market winning strategies.

Forklift represents the largest cargo handling equipment category compared to equipment. Forklift is used to lift and travel for short distance. Rubber tyred gantry crane (RTG) is the second largest product category. This segment is expected to witness significant demand with increasing automation at ports to improve the port efficiency and rising need to reduce operating costs. Rubber tyred gantry cranes are commonly used to stack or ground containers within the storage areas of the container terminal. The market for tractors, trucks, loaders and rail pushers is also expected to witness a considerable growth through the forecast period 2021 – 2023.

The global cargo handling equipment market is classified into four major regions i.e. North America, Europe, Asia Pacific and Rest of the World (RoW). The Rest of the world is further classified into South America, Africa and Middle East.

The U.S. and Europe are matured markets for cargo handling equipment.  The demand for cargo handling equipment in these regions is expected to spur with increasing traffic at marine as well as air ports. In addition, rising demand for electric and hybrid cargo handling equipment is also expected support this market growth. Asia Pacific is expected to witness fastest growth through the forecast period with increasing mechanization of port operations particularly in India and China. In addition, these countries are investment in new airport constructions which is also expected to increase the demand for airport cargo handling equipment.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Cargo Handling Equipment market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Cargo Handling Equipment market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Cargo Handling Equipment market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Cargo Handling Equipment market?
• Which is the largest regional market for Cargo Handling Equipment market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Cargo Handling Equipment market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Cargo Handling Equipment market worldwide?