Cargo Handling Equipment market Market to reach USD 28.02 billion by 2025 | CAGR: 3.6 %
Cargo Handling Equipment market Market is valued USD 10.6 billion in 2016 is anticipated to grow USD 28.02 billion with the compounded annual growth of 3.36 % over the forecast period 2017-2025.
New York 6 June 2018, As per the new research study conducted by Bizwit Research & Consulting, Cargo Handling Equipment market industry is poised to raise USD 28.02 billion by 2025. Air Cargo, Marine Cargo, Land Cargo are the major application segments of the Cargo Handling Equipment Market. Application-wise market is further segmented at the regional level. Regional penetration for each application is derived from the macroeconomic factors such as land size, GDP, International trade, and cargo handling capacity. Market size for country is derived from the overall cargo carrying capacity. The regional level applications are further segmented into equipment based on their usage in respective applications..
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The industry is seems to be fairly competitive. Some of the leading market players include Kalmar, Konecranes, Hyster, Toyota industries, Sany, Terex, Kion group , Mitsubshi, Liebherr. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players. Additionally, the fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- Asia Pacific is expected to be the largest and fastest growing market during forecast period.
- Asia Pacific hold share of around 37% of worldwide cargo movement & growing trend like E-commerce is also fuelling the demand for cargo handling equipment market in Asia pacific.
- Increasing seaborne trade and import/export have increased the demand for movement of cargo in the marine ports.
Bizwit Research & Consulting LLP has considered following segments for the study:
- Forklift Truck
- Aviation Dolly
- Pallet Jack
- Straddle Carrier
- Terminal Tractor
- Marine Cargo
- Air Cargo
- Land Cargo
- Other type
- North America
- Asia Pacific
- Latin America
- Rest of the World