This Cargo Handling Equipment market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.
The cargo handling equipment market size has grown strongly in recent years. It will grow from $27.33 billion in 2024 to $29.14 billion in 2025 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to increased industrialization, eco-friendly handling equipment, safety and environmental regulations, development of air freight handling equipment, and growth in global shipping routes and ports.
The cargo handling equipment market size is expected to see strong growth in the next few years. It will grow to $37.32 billion in 2029 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to shift towards electric cargo handling vehicles, demand for green handling equipment, shifts in consumer preferences, need for enhanced cargo screening and handling security, and focus on reducing operational costs. Major trends in the forecast period include integration of RFID technology, adoption of 3D printing, advancements in hydraulic systems, integration of ai, and blockchain integration.
The growth of the cargo-handling equipment market is expected to be driven by increasing import and export activities, facilitated by global trade. This involves the buying (importing) and selling (exporting) of goods and services across international borders. Cargo handling equipment plays a crucial role in enhancing these activities by improving efficiency, ensuring safety, accelerating handling speeds, maximizing capacity utilization, and accommodating diverse cargo types. This facilitates smoother international trade operations.
Major companies in the cargo handling equipment market are introducing advanced forklift models to enhance efficiency, incorporate advanced automation features, and address sustainability concerns with electric and hybrid technologies. Forklifts are small industrial vehicles with power-operated pronged platforms used to lift or move loads. For example, Toyota Material Handling launched three new electric forklift models in May 2023, the Side-Entry End Rider for efficient cross-warehouse operations, the versatile Center Rider Stacker combining multiple functions, and the powerful Industrial Tow Tractor for towing heavy loads. These models feature AC drive motors for smooth, quiet operation, adjustable controls for operator comfort, and optional features such as cold storage conditioning and PIN code access for enhanced customization and security.
In February 2024, Taylor Group, a US-based industrial equipment manufacturer, acquired Italy-based CVS Ferrari for an undisclosed amount. This acquisition aims to bolster Taylor Group's global market presence, leveraging the strengths of both companies to enhance product innovation, service capabilities, and market access. CVS Ferrari specializes in manufacturing high-quality mobile container handling and heavy cargo equipment, including reach stackers and high-capacity forklifts.
Major companies operating in the cargo handling equipment market are Siemens AG, ABB Ltd., Komatsu Ltd., Toyota Industries Corporation, HD Hyundai Heavy Industries Co. Ltd., Liebherr-International Deutschland GmbH, KION Group AG, Sany Heavy Industry Co. Ltd., Doosan Industrial Vehicle BG, Jungheinrich AG, Mitsubishi Logisnext Co. Ltd., Wallenius Wilhelmsen Logistics ASA, Shanghai Zhenhua Heavy Industries Company Limited, Terex Corporation, Crown Equipment Corporation, Cargotec Oyj, Hyster-Yale Materials Handling Inc., Konecranes Oyj, Anhui Heli Co. Ltd., Hangcha Group Co, Manitowoc Company Inc., John Bean Technologies Corporation, Kalmar Corporation, The Taylor Group Inc, and CVS ferrari S.P.A.
Asia-Pacific was the largest region in the cargo handling equipment market in 2024. The regions covered in cargo handling equipment report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the cargo handling equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Cargo handling equipment encompasses machinery and tools utilized in the loading, unloading, and transportation of goods within logistics and industrial settings. This equipment plays a crucial role in optimizing supply chain operations, boosting productivity, and ensuring the safe and efficient movement of goods throughout various stages of transportation and storage. Its integration is vital for streamlining logistics processes, cutting turnaround times, and minimizing the risk of damage during handling and transit.
Key types of machinery include aviation dollies, stackers, pallet jacks, loaders, conveyor systems, automated guided vehicles, forklift trucks, cranes, rubber-tired gantry cranes, and others. Aviation dollies, for instance, are specialized for ground handling at airports, facilitating the transport of baggage, cargo containers, and other materials between aircraft and terminal buildings or cargo areas. These equipment types employ diverse technologies ranging from manual to semi-automated and fully automated systems, utilizing various propulsion methods such as diesel, electric, and others. They cater to a wide array of applications across air, marine, and land cargo handling, serving industries such as automotive, consumer goods, energy resources, manufacturing, transportation, and more.
The cargo handling equipment market research report is one of a series of new reports that provides cargo handling equipment market statistics, including cargo handling equipment industry global market size, regional shares, competitors with a cargo handling equipment market share, detailed cargo handling equipment market segments, market trends and opportunities, and any further data you may need to thrive in the cargo handling equipment industry. This cargo handling equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The cargo handling equipment market consists of revenues earned by entities by providing services such as loading and unloading goods from ships, handling and moving cargo within ports and terminals, and managing logistics operations efficiently. The market value includes the value of related goods sold by the service provider or included within the service offering. The cargo handling equipment market also includes sales of palletizers, terminal tractors, lift trucks, container, and bulk handling equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The cargo handling equipment market size has grown strongly in recent years. It will grow from $27.33 billion in 2024 to $29.14 billion in 2025 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to increased industrialization, eco-friendly handling equipment, safety and environmental regulations, development of air freight handling equipment, and growth in global shipping routes and ports.
The cargo handling equipment market size is expected to see strong growth in the next few years. It will grow to $37.32 billion in 2029 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to shift towards electric cargo handling vehicles, demand for green handling equipment, shifts in consumer preferences, need for enhanced cargo screening and handling security, and focus on reducing operational costs. Major trends in the forecast period include integration of RFID technology, adoption of 3D printing, advancements in hydraulic systems, integration of ai, and blockchain integration.
The growth of the cargo-handling equipment market is expected to be driven by increasing import and export activities, facilitated by global trade. This involves the buying (importing) and selling (exporting) of goods and services across international borders. Cargo handling equipment plays a crucial role in enhancing these activities by improving efficiency, ensuring safety, accelerating handling speeds, maximizing capacity utilization, and accommodating diverse cargo types. This facilitates smoother international trade operations.
Major companies in the cargo handling equipment market are introducing advanced forklift models to enhance efficiency, incorporate advanced automation features, and address sustainability concerns with electric and hybrid technologies. Forklifts are small industrial vehicles with power-operated pronged platforms used to lift or move loads. For example, Toyota Material Handling launched three new electric forklift models in May 2023, the Side-Entry End Rider for efficient cross-warehouse operations, the versatile Center Rider Stacker combining multiple functions, and the powerful Industrial Tow Tractor for towing heavy loads. These models feature AC drive motors for smooth, quiet operation, adjustable controls for operator comfort, and optional features such as cold storage conditioning and PIN code access for enhanced customization and security.
In February 2024, Taylor Group, a US-based industrial equipment manufacturer, acquired Italy-based CVS Ferrari for an undisclosed amount. This acquisition aims to bolster Taylor Group's global market presence, leveraging the strengths of both companies to enhance product innovation, service capabilities, and market access. CVS Ferrari specializes in manufacturing high-quality mobile container handling and heavy cargo equipment, including reach stackers and high-capacity forklifts.
Major companies operating in the cargo handling equipment market are Siemens AG, ABB Ltd., Komatsu Ltd., Toyota Industries Corporation, HD Hyundai Heavy Industries Co. Ltd., Liebherr-International Deutschland GmbH, KION Group AG, Sany Heavy Industry Co. Ltd., Doosan Industrial Vehicle BG, Jungheinrich AG, Mitsubishi Logisnext Co. Ltd., Wallenius Wilhelmsen Logistics ASA, Shanghai Zhenhua Heavy Industries Company Limited, Terex Corporation, Crown Equipment Corporation, Cargotec Oyj, Hyster-Yale Materials Handling Inc., Konecranes Oyj, Anhui Heli Co. Ltd., Hangcha Group Co, Manitowoc Company Inc., John Bean Technologies Corporation, Kalmar Corporation, The Taylor Group Inc, and CVS ferrari S.P.A.
Asia-Pacific was the largest region in the cargo handling equipment market in 2024. The regions covered in cargo handling equipment report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the cargo handling equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Cargo handling equipment encompasses machinery and tools utilized in the loading, unloading, and transportation of goods within logistics and industrial settings. This equipment plays a crucial role in optimizing supply chain operations, boosting productivity, and ensuring the safe and efficient movement of goods throughout various stages of transportation and storage. Its integration is vital for streamlining logistics processes, cutting turnaround times, and minimizing the risk of damage during handling and transit.
Key types of machinery include aviation dollies, stackers, pallet jacks, loaders, conveyor systems, automated guided vehicles, forklift trucks, cranes, rubber-tired gantry cranes, and others. Aviation dollies, for instance, are specialized for ground handling at airports, facilitating the transport of baggage, cargo containers, and other materials between aircraft and terminal buildings or cargo areas. These equipment types employ diverse technologies ranging from manual to semi-automated and fully automated systems, utilizing various propulsion methods such as diesel, electric, and others. They cater to a wide array of applications across air, marine, and land cargo handling, serving industries such as automotive, consumer goods, energy resources, manufacturing, transportation, and more.
The cargo handling equipment market research report is one of a series of new reports that provides cargo handling equipment market statistics, including cargo handling equipment industry global market size, regional shares, competitors with a cargo handling equipment market share, detailed cargo handling equipment market segments, market trends and opportunities, and any further data you may need to thrive in the cargo handling equipment industry. This cargo handling equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The cargo handling equipment market consists of revenues earned by entities by providing services such as loading and unloading goods from ships, handling and moving cargo within ports and terminals, and managing logistics operations efficiently. The market value includes the value of related goods sold by the service provider or included within the service offering. The cargo handling equipment market also includes sales of palletizers, terminal tractors, lift trucks, container, and bulk handling equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Cargo Handling Equipment Market Characteristics3. Cargo Handling Equipment Market Trends and Strategies4. Cargo Handling Equipment Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, and the Recovery from COVID-19 on the Market32. Global Cargo Handling Equipment Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Cargo Handling Equipment Market34. Recent Developments in the Cargo Handling Equipment Market
5. Global Cargo Handling Equipment Growth Analysis and Strategic Analysis Framework
6. Cargo Handling Equipment Market Segmentation
7. Cargo Handling Equipment Market Regional and Country Analysis
8. Asia-Pacific Cargo Handling Equipment Market
9. China Cargo Handling Equipment Market
10. India Cargo Handling Equipment Market
11. Japan Cargo Handling Equipment Market
12. Australia Cargo Handling Equipment Market
13. Indonesia Cargo Handling Equipment Market
14. South Korea Cargo Handling Equipment Market
15. Western Europe Cargo Handling Equipment Market
16. UK Cargo Handling Equipment Market
17. Germany Cargo Handling Equipment Market
18. France Cargo Handling Equipment Market
19. Italy Cargo Handling Equipment Market
20. Spain Cargo Handling Equipment Market
21. Eastern Europe Cargo Handling Equipment Market
22. Russia Cargo Handling Equipment Market
23. North America Cargo Handling Equipment Market
24. USA Cargo Handling Equipment Market
25. Canada Cargo Handling Equipment Market
26. South America Cargo Handling Equipment Market
27. Brazil Cargo Handling Equipment Market
28. Middle East Cargo Handling Equipment Market
29. Africa Cargo Handling Equipment Market
30. Cargo Handling Equipment Market Competitive Landscape and Company Profiles
31. Cargo Handling Equipment Market Other Major and Innovative Companies
35. Cargo Handling Equipment Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Cargo Handling Equipment Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on cargo handling equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Assess the impact of key macro factors such as conflict, pandemic and recovery, inflation and interest rate environment and the 2nd Trump presidency.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for cargo handling equipment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The cargo handling equipment market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include: the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Equipment Type: Aviation Dollies; Stacker; Pallet Jacks; Loaders; Conveyor System; Automated Guided Vehicle; Forklift Trucks; Cranes; Rubber Tired Gantry Cranes; Other Equipment Types2) By Technology: Manual; Semi-Automated; Fully Automated
3) By Propulsion Type: Diesel; Electric; Other Propulsion Types
4) By Application: Air Cargo; Marine Cargo; Land Cargo
5) By End User: Automotive; Consumer and Retail; Energy Resources; Manufacturing; Transportation; Other End-Users
Subsegments:
1) By Aviation Dollies: Aircraft Towing Dollies; Pushback Dollies; Cargo Dollies2) By Stacker: Manual Stackers; Electric Stackers; Semi-Electric Stackers
3) By Pallet Jacks: Manual Pallet Jacks; Electric Pallet Jacks; High-Lift Pallet Jacks
4) By Loaders: Front-End Loaders; Telescopic Loaders; Articulated Loaders
5) By Conveyor System: Roller Conveyors; Belt Conveyors; Chain Conveyors; Pneumatic Conveyors
6) By Automated Guided Vehicle (AGV): Laser-Guided AGVs; Vision-Guided AGVs; Magnetic Tape AGVs
7) By Forklift Trucks: Electric Forklifts; Internal Combustion Forklifts; Reach Trucks; Pallet Forklifts
8) By Cranes: Overhead Cranes; Gantry Cranes; Jib Cranes; Tower Cranes
9) By Rubber Tired Gantry Cranes (RTG): Standard RTG Cranes; Electric RTG Cranes; Hybrid RTG Cranes
10) By Other Equipment Types: Dock Levelers; Container Handling Equipment; Lifting Tables; Palletizers
Key Companies Mentioned: Siemens AG; ABB Ltd.; Komatsu Ltd.; Toyota Industries Corporation; HD Hyundai Heavy Industries Co. Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
The major companies featured in this Cargo Handling Equipment market report include:- Siemens AG
- ABB Ltd.
- Komatsu Ltd.
- Toyota Industries Corporation
- HD Hyundai Heavy Industries Co. Ltd.
- Liebherr-International Deutschland GmbH
- KION Group AG
- Sany Heavy Industry Co. Ltd.
- Doosan Industrial Vehicle BG
- Jungheinrich AG
- Mitsubishi Logisnext Co. Ltd.
- Wallenius Wilhelmsen Logistics ASA
- Shanghai Zhenhua Heavy Industries Company Limited
- Terex Corporation
- Crown Equipment Corporation
- Cargotec Oyj
- Hyster-Yale Materials Handling Inc.
- Konecranes Oyj
- Anhui Heli Co. Ltd.
- Hangcha Group Co
- Manitowoc Company Inc.
- John Bean Technologies Corporation
- Kalmar Corporation
- The Taylor Group Inc
- CVS ferrari S.P.A.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 200 |
Published | April 2025 |
Forecast Period | 2025 - 2029 |
Estimated Market Value ( USD | $ 29.14 Billion |
Forecasted Market Value ( USD | $ 37.32 Billion |
Compound Annual Growth Rate | 6.4% |
Regions Covered | Global |
No. of Companies Mentioned | 26 |