Growing Automation in Cargo Handling Equipment to Open Doors for Technology Suppliers

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Cargo Handling Equipment Market by Application
(Air, Land, Marine), Equipment (Conveyors,
Forklift Truck, Aviation Dolly, Pallet Jack, AGV,
Crane, RTG, Loader, Stacker, Straddle Carrier,
Terminal Tractor), Propulsion, and Region -
Global Forecast to 2025
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The diesel propulsion segment is estimated to
hold the largest share of the cargo handling
equipment market during the forecast period. The
diesel propulsion segment is projected to hold
the largest market share from 2018 to 2025. Most
of the cargo handling equipment, such as straddle
carriers, reach stackers, forklift trucks, RTG
cranes, and terminal tractors, run on diesel
engines. According to MarketsandMarkets analysis,
the diesel engine segment is estimated to hold
the largest share of the cargo handling equipment
market in 2018. High power and low cost make
diesel propelled equipment the first choice for
equipment manufacturers. PDF Brochure
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The RTG is expected to be the fastest growing
cargo handling equipment from 2018 to 2025. RTG
is a mobile equipment used in intermodal
operations to ground or stack containers at sea
ports. RTGs are installed with diesel, electric,
or hybrid engines. Last few years have seen a
significant increase in seaborne trade across
different industry verticals, including
automotive, chemicals, agriculture, textiles, and
pharmaceuticals. Increased seaborne trade has, in
turn, increased the demand for cargo handlers for
quick loading and transportation of cargo at the
port terminals. UNCTAD has estimated that cargo
volumes would grow at a CAGR of 3.2 between 2017
and 2022. Request for Customization
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Cargo flows are set to expand across all
segments, which will drive the demand for
increased cargo handling capacity of the ports.
Additionally, stringent emission norms are
increasing the demand for electric cargo handling
equipment to reduce the fleet level emission.
These factors have increased the demand for
sophisticated cargo handling equipment such as
RTG, which can carry load up to 40 tons at a
time, in electric and hybrid variants.
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Asia Pacific The largest cargo handling
equipment market As per the World Bank, China is
the global leader in cargo handling capacity and
accounted for 28.5 of the total cargo moved in
2017. According to MarketsandMarkets analyses,
the cargo handling capacity in Asia stood at
around 4042 in terms of value in 2018. The
ports in Shanghai (China), Shenzhen (China), Hong
Kong, Ningbo-Zhoushan (China), Singapore, and
Keihin (Japan) handle millions of TEU annually,
which is driving the growth of the market in Asia
Pacific. This trend is estimated to continue and,
to handle the increasing cargo traffic, an
increase in the demand for cargo handling
equipment as well as automation at ports is
expected in the region in coming years. Speak to
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Market Ecosystem The cargo handling equipment
market is dominated by a few globally established
players such as Kalmar (Finland), Konecranes
(Finland), Liebherr (Switzerland), Hyster (US),
Sany (China), ZPMC (China), Lonking (China),
Anhui Heli (China), CVS Ferrari (Italy), and
Hoist Liftruck (US). Buy Now
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Browse gtgt 91 market data
tables 45 figures
177 pages and in-depth TOC on "Cargo
Handling Equipment Market by Application (Air,
Land, Marine), Equipment (Conveyors, Forklift
Truck, Aviation Dolly, Pallet Jack, AGV, Crane,
RTG, Loader, Stacker, Straddle Carrier, Terminal
Tractor), Propulsion, and Region - Global
Forecast to 2025" Early buyers will receive 10
customization on this report. This study
answers several questions for the stakeholders,
primarily which market segments to focus on in
the next two to five years to prioritize efforts
and investments.
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