Market Research Future (MRFR) predicts the Cargo handling equipment market size is anticipated to register a CAGR of ~5.1% between 2020 and 2026 and reach an approximate value of USD 24.45 billion in 2026.
This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging and high-growth segments. The market data comprises the basic assessment of the competitive scenarios and strategies in global Cargo Handling Equipment Market, including high-growth regions and/or countries, and political and economic environments. The project report further provides both – historical market values and pricing and cost analysis.
Key industry participants in the Cargo Handling Equipment Market share include Toyota Industries Corporation (Japan), Terex Corporation (US), Kion Group AG (Germany), Konecranes Oyj (Finland), Hyster (US), Kalmar (Finland), Liebherr (Germany), Cargotec Oyj (Finland), ABB Ltd (Switzerland), and Shanghai Zhenhua Heavy Industries Company Limited (China).
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In March 2021, Hyster Europe launched three new ‘lithium-ion ready’Platform Pallet Truck models, ideal for maximizing productivity in intense cargo handling applications.
In March 2021, Kalmar signed an agreement with Mexican heavy equipment distributor Grupo Tracsa to supply 47 Kalmar Ottawa terminal tractors for various customers.
In 2019, the forklift truck segmenthelda significant market share: MRFR
global Cargo Handling Equipment Market has been segmented based on type, mode of propulsion, application, and region. Based on type, the global market is divided into forklift truck, stacking crane, mobile harbor crane, conveyor system, and others. The forklift truck type segment is anticipated to hold a significant market share.
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Based on mode of propulsion, global Cargo Handling Equipment Market is segmented into diesel, electric, and others. The diesel segment accounted for a significantly large share in the global market owing to its widespread acceptance in industries.
Based on application, global Cargo Handling Equipment Market is segmented into rail cargo, air cargo, road cargo, and marine cargo. The rail cargo segment accounted for a significantly large share in the global market owing to well established existing rail networks.
Based on region, the cargo handling equipment market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia-Pacific dominated the cargo handling equipment market in 2019. The consistently expanding retail industry has supported the product growth in the region.
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