According to a new market report published by Credence Research Inc “Cargo Handling Equipment Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023,” the global cargo handling equipment market is expected to witness considerable growth with increasing marine and air traffic. Emerging nations such as India, China, Brazil and Russia are increasingly investing in new air and marine port construction. Moreover, cargo operators are investing in advanced technology equipment to reduce loading and unloading time and improve their operating efficiency. In addition, stringent fuel emission and consumption regulation in the U.S. and Europe are replacing the diesel based equipment with electric and hybrid equipment. In addition, rising burden from increasing traffic at marine and air ports is also expected to spur the demand for cargo handling equipment. Increasing awareness about electrification of cargo operations among cargo equipment operators and service provides is also predicted to support the market growth through the forecast period 2016 – 2023. High initial investment required to install advanced cargo handling equipment is limiting the growth of electric and hybrid equipment particularly in Asia Pacific.
The report includes forecast and analysis for the Cargo Handling Equipment market on a global and regional level. The research gives important data of 2016, 2017 and 2018 along with a projection from 2018 to 2026 based on revenue. The study covers drivers and limitations of the Cargo Handling Equipment market along with the impact they have on the trade over the forecast period. Additionally, the report covers the study of possibilities available in the Cargo Handling Equipment market on a global level.
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On the basis of application
we have classified cargo handling equipment used at marine ports, air ports and rail yards. Marine is the most common mode for the multinational cargo transportation and represents the largest application segment. However, air port is predicted to witness fastest growth with increasing air traffic and number of air ports globally.
We have considered bulldozers, cranes, electric pallet jacks, excavators, forklifts, loaders, man lifts, rail pushers, reach stackers, RTG cranes, side picks, sweepers, top handlers, tractors and trucks to estimate the market size of overall cargo handling equipment market. Forklift is the largest product category in terms of volume consumption. Increasing demand for electric RTG cranes due to stringent emission regulation is expected to support the growth of cargo handling equipment market.
The global cargo handling equipment market is classified into following categories:
The global cargo handling equipment industry is highly competitive and comprises large number of recognized players. Manufacturers are focusing on to develop technology advanced equipment to match stringent fuel efficiency regulations and end users operating efficiency demand. Some major players in the global cargo handling equipment industry include MacGregor, The Liebherr Group, Konecranes Plc, Seehafen Wismar GmbH, Johnson Taylor Forklifts, Terex Corporation, Kalmar Global, ABB Group, JBT Corporation, Toyota Forklifts and others.
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The study research also considers many sections of the Cargo Handling Equipment Market completely on the basis of the product type and application, considering their current as well as historical performance across the globe. Moreover, the report also shows the growth trajectory of each of the sections, global as well as in each of the regional segments, representing a descriptive analysis of the overall industry.
The study paper also speaks about the present as well as upcoming ventures in the Cargo Handling Equipment Market at length, making this knowledge of special value for businesses, consultants, and stakeholders functional in this market.
Further, the report analyzes the competitive aspect of this market by reviewing the profiles of the key market participants in a bid to determine the current hierarchy.
The main purpose of this research study is to help the associates operating in the worldwide industry for Cargo Handling Equipment Market in planning active artifices and enhancing their decision-making techniques to gain a competitive edge over their challengers.
The report added new project SWOT analysis, investment feasibility analysis, and investment return analysis.
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