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(I-AutoNewsWire.com, December 15, 2018 ) 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).
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The global cargo handling equipment market is projected to grow at a CAGR of 3.61%, during the forecast period, to reach USD 28.02 billion by 2025 from USD 21.08 billion in 2017. The base year considered for the study is 2017 and the forecast period is 2018–2025. Equipment with higher fuel efficiency and lower or zero emissions are in demand to meet the stringent emission norms, which would drive the electric cargo handling equipment market during the forecast period.
Air Cargo Handling Equipment Market, By Equipment Type 1 Introduction 2 Aviation Dollies 3 Forklift Truck 4 Loader 5 Conveyor System 6 Terminal Tractor
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The diesel propelled cargo handling equipment segment is expected to hold the largest market share in 2018 due to the efficient power delivery, low fuel costs, and inadequate/insufficient electric infrastructure at small and medium terminals. Also, the stringent emission regulations for NOx, PM, and CO2 by the US EPA and European Union have prompted equipment manufacturers to offer fuel-efficient equipment with lower emissions.
Competitive Landscape 1 Overview 2 Cargo Handling Equipment: Product Matrix for Key Manufacturers 3 Cargo Handling Equipment: Market Ranking Analysis 4 Competitive Scenario 5 Supply Contracts & AGreements 6 New Product Developments 7 Mergers & Acquisitions 8 Expansions 9 Joint Venture
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Forklift trucks are used in all types of cargo handling, such as air cargo, marine cargo, and land cargo. Forklift trucks are available in multiple propulsion types, such as diesel, electric, hybrid, and propane. Furthermore, forklift trucks are available in a wide range of capacity. All these factors and the ability to transfer cargo at high speed at marine ports, airports, and industrial warehouses boost the demand for forklift trucks in cargo handling market.
Reasons to buy this report • The study provides qualitative and quantitative analyses of the various cargo equipment types in terms of value (USD million) and volume (units). • The 10 key companies that have a significant impact on the market have been profiled along with their financial structures, recent developments, and product portfolios. • The study provides qualitative and quantitative analyses of various cargo handling equipment types by application such as air, land, and marine cargo. • The study provides analyzes the cargo handling equipment market segmented on the basis of propulsion type.
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