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Cargo Handling Equipment Market By Equipment Type, By Propulsion Type, By Application: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 220 Pages
  • November 2022
  • Region: Global
  • Allied Market Research
  • ID: 5725166
UP TO OFF until Jan 30th 2025

The global cargo handling equipment market was valued at $28,517.6 million in 2021, and is projected to reach $48,246.4 million by 2031, registering a CAGR of 5.3% from 2022 to 2031. Cargo handling equipment are the off- road, self - propelled vehicle or equipment that are used at a port or intermodal rail yard for moving or lifting bulk, container, or liquid cargo carried by train, ship or any other vehicle. In addition, it is used for performing repair and maintenance activities which are been routinely scheduled or that are due to predictable process upsets.



The growth of cargo handling equipment is expected to be driven by increase in government expenditure on port infrastructure to promote safe and efficient commercial activities. In addition, rise in need for liquefied natural gas exports via marine transport is likely to contribute toward the growth of the industry. Furthermore, numerous sectors rely on marine shipping to import and export commodities throughout the world, as transporting products by air is more expensive than transporting commodities by water. Thus, this factor is expected to significantly rise surge the volume in usage of the cargo handling equipment.

However, the expansion of the port infrastructure industry is hampered by trade obstacles which in turn is affecting the growth of the cargo handling equipment market. Tariffs are a type of trade barrier that imposes a levy on imported products. Tariffs increase the cost of imported products. Higher tariffs are due to higher price of imported goods. In addition, higher tariffs lead to lower port transit and shipping. For instance, in comparison to exports to China, U. S. import from China is high. The U. S. Government implemented a tariff tax system To to regulate imports and save American firms, the U. S. Government implemented a tariff tax system. However, because the building and maintenance of port infrastructure requires a significant amount of cash which includes higher cost of machines used at ports. In addition, it takes a long time to complete, these difficulties are projected to act as challenges for market growth.

A country's economic progress is aided by efficient trade activities. As a result, sea ports play an important role in economic activities, particularly in coastal locations. Every year, the number of passengers travelling by sea and the number of commodities transported by water are witnessed to increase significantly. Hence, it leads to the construction of new ports requiring more cargo handling equipment at these ports. Furthermore, the use of IoT and AI for shipping and transport management can shorten the time required for waterway transport delivery, which is expected to offer lucrative opportunities for market expansion.

The cargo handling equipment market is segmented on the basis of equipment type, propulsion type, application, and region. By equipment type, the cargo handling equipment market is fragmented into industrial trucks, tow tractors, conveying equipment, stacker, port cranes and others. By propulsion type, the market is categorized into IC engine and electric. By application, the market is divided into air, road & rails and marine. By region, the cargo handling equipment market is analyzed across North America (the U. S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

The major players profiled in the cargo handling equipment market report include Anhui Heli Co., Ltd., Hyster-Yale Group, Inc., KION Group AG (KION), Konecranes, Liebherr International AG, Mitsubishi Corporation, Macgregor, Sany Heavy Industry Co Ltd (SHI), Toyota Industries Corp (TICO), and Terex Corporation.

KEY BENEFITS FOR STAKEHOLDERS

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cargo handling equipment market analysis from 2021 to 2031 to identify the prevailing cargo handling equipment market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the cargo handling equipment market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global cargo handling equipment market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Equipment Type

  • Industrial Trucks
  • Tow Tractors
  • Conveying Equipment
  • Stacker
  • Port Cranes
  • Others

By Propulsion Type

  • IC Engine
  • Electric

By Application

  • Air
  • Road and Rail
  • Marine

By Region

  • North America
  • U. S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • Hyster-Yale Group, Inc.
  • Terex Corporation
  • KION Group AG (KION)
  • Toyota Industries Corp (TICO)
  • Sany Heavy Industry Co Ltd (SHI)
  • Macgregor
  • Mitsubishi Corporation
  • Anhui Heli Co., Ltd.
  • konecranes
  • Liebherr International AG

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Market dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
3.5. COVID-19 Impact Analysis on the market

CHAPTER 4: CARGO HANDLING EQUIPMENT MARKET, BY EQUIPMENT TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Industrial Trucks
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3 Tow Tractors
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
4.4 Conveying Equipment
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market share analysis by country
4.5 Stacker
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market share analysis by country
4.6 Port Cranes
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market share analysis by country
4.7 Others
4.7.1 Key market trends, growth factors and opportunities
4.7.2 Market size and forecast, by region
4.7.3 Market share analysis by country

CHAPTER 5: CARGO HANDLING EQUIPMENT MARKET, BY PROPULSION TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2 IC Engine
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3 Electric
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country

CHAPTER 6: CARGO HANDLING EQUIPMENT MARKET, BY APPLICATION
6.1 Overview
6.1.1 Market size and forecast
6.2 Air
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market share analysis by country
6.3 Road and Rail
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market share analysis by country
6.4 Marine
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market share analysis by country

CHAPTER 7: CARGO HANDLING EQUIPMENT MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Equipment Type
7.2.3 North America Market size and forecast, by Propulsion Type
7.2.4 North America Market size and forecast, by Application
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Key market trends, growth factors and opportunities
7.2.5.1.2 Market size and forecast, by Equipment Type
7.2.5.1.3 Market size and forecast, by Propulsion Type
7.2.5.1.4 Market size and forecast, by Application
7.2.5.2 Canada
7.2.5.2.1 Key market trends, growth factors and opportunities
7.2.5.2.2 Market size and forecast, by Equipment Type
7.2.5.2.3 Market size and forecast, by Propulsion Type
7.2.5.2.4 Market size and forecast, by Application
7.2.5.3 Mexico
7.2.5.3.1 Key market trends, growth factors and opportunities
7.2.5.3.2 Market size and forecast, by Equipment Type
7.2.5.3.3 Market size and forecast, by Propulsion Type
7.2.5.3.4 Market size and forecast, by Application
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Equipment Type
7.3.3 Europe Market size and forecast, by Propulsion Type
7.3.4 Europe Market size and forecast, by Application
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Key market trends, growth factors and opportunities
7.3.5.1.2 Market size and forecast, by Equipment Type
7.3.5.1.3 Market size and forecast, by Propulsion Type
7.3.5.1.4 Market size and forecast, by Application
7.3.5.2 France
7.3.5.2.1 Key market trends, growth factors and opportunities
7.3.5.2.2 Market size and forecast, by Equipment Type
7.3.5.2.3 Market size and forecast, by Propulsion Type
7.3.5.2.4 Market size and forecast, by Application
7.3.5.3 UK
7.3.5.3.1 Key market trends, growth factors and opportunities
7.3.5.3.2 Market size and forecast, by Equipment Type
7.3.5.3.3 Market size and forecast, by Propulsion Type
7.3.5.3.4 Market size and forecast, by Application
7.3.5.4 Italy
7.3.5.4.1 Key market trends, growth factors and opportunities
7.3.5.4.2 Market size and forecast, by Equipment Type
7.3.5.4.3 Market size and forecast, by Propulsion Type
7.3.5.4.4 Market size and forecast, by Application
7.3.5.5 Rest of Europe
7.3.5.5.1 Key market trends, growth factors and opportunities
7.3.5.5.2 Market size and forecast, by Equipment Type
7.3.5.5.3 Market size and forecast, by Propulsion Type
7.3.5.5.4 Market size and forecast, by Application
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Equipment Type
7.4.3 Asia-Pacific Market size and forecast, by Propulsion Type
7.4.4 Asia-Pacific Market size and forecast, by Application
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Key market trends, growth factors and opportunities
7.4.5.1.2 Market size and forecast, by Equipment Type
7.4.5.1.3 Market size and forecast, by Propulsion Type
7.4.5.1.4 Market size and forecast, by Application
7.4.5.2 Japan
7.4.5.2.1 Key market trends, growth factors and opportunities
7.4.5.2.2 Market size and forecast, by Equipment Type
7.4.5.2.3 Market size and forecast, by Propulsion Type
7.4.5.2.4 Market size and forecast, by Application
7.4.5.3 South Korea
7.4.5.3.1 Key market trends, growth factors and opportunities
7.4.5.3.2 Market size and forecast, by Equipment Type
7.4.5.3.3 Market size and forecast, by Propulsion Type
7.4.5.3.4 Market size and forecast, by Application
7.4.5.4 India
7.4.5.4.1 Key market trends, growth factors and opportunities
7.4.5.4.2 Market size and forecast, by Equipment Type
7.4.5.4.3 Market size and forecast, by Propulsion Type
7.4.5.4.4 Market size and forecast, by Application
7.4.5.5 Rest of Asia-Pacific
7.4.5.5.1 Key market trends, growth factors and opportunities
7.4.5.5.2 Market size and forecast, by Equipment Type
7.4.5.5.3 Market size and forecast, by Propulsion Type
7.4.5.5.4 Market size and forecast, by Application
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Equipment Type
7.5.3 LAMEA Market size and forecast, by Propulsion Type
7.5.4 LAMEA Market size and forecast, by Application
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Key market trends, growth factors and opportunities
7.5.5.1.2 Market size and forecast, by Equipment Type
7.5.5.1.3 Market size and forecast, by Propulsion Type
7.5.5.1.4 Market size and forecast, by Application
7.5.5.2 Middle East
7.5.5.2.1 Key market trends, growth factors and opportunities
7.5.5.2.2 Market size and forecast, by Equipment Type
7.5.5.2.3 Market size and forecast, by Propulsion Type
7.5.5.2.4 Market size and forecast, by Application
7.5.5.3 Africa
7.5.5.3.1 Key market trends, growth factors and opportunities
7.5.5.3.2 Market size and forecast, by Equipment Type
7.5.5.3.3 Market size and forecast, by Propulsion Type
7.5.5.3.4 Market size and forecast, by Application

CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Players
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.5. Top player positioning, 2021

CHAPTER 9: COMPANY PROFILES
9.1 Hyster-Yale Group, Inc.
9.1.1 Company overview
9.1.2 Key Executives
9.1.3 Company snapshot
9.1.4 Operating business segments
9.1.5 Product portfolio
9.1.6 Business performance
9.1.7 Key strategic moves and developments
9.2 Terex Corporation
9.2.1 Company overview
9.2.2 Key Executives
9.2.3 Company snapshot
9.2.4 Operating business segments
9.2.5 Product portfolio
9.2.6 Business performance
9.2.7 Key strategic moves and developments
9.3 KION Group AG (KION)
9.3.1 Company overview
9.3.2 Key Executives
9.3.3 Company snapshot
9.3.4 Operating business segments
9.3.5 Product portfolio
9.3.6 Business performance
9.3.7 Key strategic moves and developments
9.4 Toyota Industries Corp (TICO)
9.4.1 Company overview
9.4.2 Key Executives
9.4.3 Company snapshot
9.4.4 Operating business segments
9.4.5 Product portfolio
9.4.6 Business performance
9.4.7 Key strategic moves and developments
9.5 Sany Heavy Industry Co Ltd (SHI)
9.5.1 Company overview
9.5.2 Key Executives
9.5.3 Company snapshot
9.5.4 Operating business segments
9.5.5 Product portfolio
9.5.6 Business performance
9.5.7 Key strategic moves and developments
9.6 Macgregor
9.6.1 Company overview
9.6.2 Key Executives
9.6.3 Company snapshot
9.6.4 Operating business segments
9.6.5 Product portfolio
9.6.6 Business performance
9.6.7 Key strategic moves and developments
9.7 Mitsubishi Corporation
9.7.1 Company overview
9.7.2 Key Executives
9.7.3 Company snapshot
9.7.4 Operating business segments
9.7.5 Product portfolio
9.7.6 Business performance
9.7.7 Key strategic moves and developments
9.8 Anhui Heli Co., Ltd.
9.8.1 Company overview
9.8.2 Key Executives
9.8.3 Company snapshot
9.8.4 Operating business segments
9.8.5 Product portfolio
9.8.6 Business performance
9.8.7 Key strategic moves and developments
9.9 konecranes
9.9.1 Company overview
9.9.2 Key Executives
9.9.3 Company snapshot
9.9.4 Operating business segments
9.9.5 Product portfolio
9.9.6 Business performance
9.9.7 Key strategic moves and developments
9.10 Liebherr International AG
9.10.1 Company overview
9.10.2 Key Executives
9.10.3 Company snapshot
9.10.4 Operating business segments
9.10.5 Product portfolio
9.10.6 Business performance
9.10.7 Key strategic moves and developments

Executive Summary

The Cargo Handling Equipment Market is likely to experience a significant growth rate of 5.3 % from 2022-2031 owing to increasing market demand fofrom logistics sector.

Cargo handling refers to the overall activities in warehouses and logistics centers, such as loading and unloading cargo, transporting cargo, warehousing, picking, and sorting. The equipment making the cargo handling process efficient and smooth is referred to as cargo handling equipment.

An increase in public investment in port infrastructure to ensure safe and efficient economic activities is expected to drive the growth of the global cargo-handling equipment market. In addition, the surge in demand for the transportation of liquefied natural gas export by sea is expected to contribute toward the market growth. In addition, many industries depend on ocean shipping to import or export goods globally. Transportation through air freight is expensive compared to waterway transport, which is expected to boost the market growth during the forecast period.

However, trade barriers are hindering the growth of the cargo-handling equipment market. Trade barriers are tariffs on imported goods. Tariffs make imported goods more expensive as tariff imports reduce. For instance, U.S. imports from China were high compared to exports to China. The U.S. Government had introduced a tariff system to control imports and bail out domestic businesses. However, construction and maintenance of port infrastructure require a large amount of capital investment and construction completion time which is preventing the construction of new ports and hence affecting the demand for cargo handling equipment. Hence, this is expected to serve as a potential barrier to the growth of the market.

On the contrary, the country's economic progress is aided by efficient trade activities. As a result, seaports play an important role in economic activities, particularly in coastal locations. Every year, the number of passengers traveling by sea and the number of commodities transported by water are witnessed to increase significantly. Hence, it leads to the construction of new ports requiring more cargo handling equipment at these ports. Furthermore, the use of IoT and AI for shipping and transport management can shorten the time required for waterway transport delivery, which is expected to offer lucrative opportunities for market expansion.

The cargo handling equipment market is segmented on the basis of equipment type, propulsion type, application, and region. By equipment type, the cargo handling equipment market is fragmented into industrial trucks, tow tractors, conveying equipment, stacker, port cranes, and others. By propulsion type, the market is categorized into IC engines and electric. By application, the market is divided into air, road & rails, and marine. By region, the cargo handling equipment market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and the rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

The key players profiled in the study include Anhui Heli Co., Ltd., Hyster-Yale Group, Inc., KION Group AG (KION), Konecranes, Liebherr International AG, Mitsubishi Corporation, Macgregor, Sany Heavy Industry Co Ltd (SHI), Toyota Industries Corp (TICO) and Terex Corporation. The players in the market have been actively engaged in the adoption of various strategies such as acquisition, product launch, and expansion to remain competitive and gain an advantage over the competitors in the market.

Key Market Insights

By equipment type, the port cranes segment was the highest revenue contributor to the market and is estimated to reach $15,504.1 million by 2031, with a CAGR of 4.6%. However, the other segment is estimated to be the fastest-growing segment with a CAGR of 7.3% during the forecast period.

By propulsion type, the IC engine segment dominated the global market. However, the electric segment is expected to be the fastest-growing segment with a CAGR of 5.7% during the forecast period.

Based on application, road & rail was the highest revenue contributor to the market with a CAGR of 5.5% during the forecast period.

Based on region, Asia-Pacific garnered the largest revenue share in 2021, whereas LAMEA is anticipated to grow at the highest CAGR of 9.1% during the forecast period

Companies Mentioned

  • Hyster-Yale Group, Inc.
  • Terex Corporation
  • Kion Group AG (Kion)
  • Toyota Industries Corp (Tico)
  • Sany Heavy Industry Co Ltd (Shi)
  • Macgregor
  • Mitsubishi Corporation
  • Anhui Heli Co. Ltd.
  • Konecranes
  • Liebherr International AG

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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