The article cited AMA's Global Cargo Handling Equipment Market Study explored substantial growth with CAGR of 3.61%. According the report, Growing Investment in Advanced Technology Equipment to Reduce Loading and Unloading Time and Advance Their Operating Efficiency
is one of the primary growth factors for the market. Fueling Cargo Transportation All Over the World
is also expected to contribute significantly to the Cargo Handling Equipment market. Overall, Air Cargo
applications of Cargo Handling Equipment, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Cargo Handling Equipment market identified that the demand is rising in many different parts of the world as "Growing Government Stringency in Emission Regulations
". Furthermore, some recent industry insights like "On 22nd March 2018, Hiab, part of Cargotec, has launched an innovative new product to handle containers safely and efficiently in locations where no infrastructure exists to load or unload containers from a truck." is constantly making the industry dynamic. One of the challenges that industry facing is "Growing Concern Regarding Accidents Involved While Using Cargo Handling Equipment and Lack of Synchronization between Different Port Equipment"
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Cargo Handling Equipment market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Cargo Handling Equipment market and other related sub-markets covered in the study.
o Key & emerging players in the Cargo Handling Equipment market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Cargo Handling Equipment market size is calculated using market estimation process, the Cargo Handling Equipment market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Cargo Handling Equipment market size has been validated using both top-down and bottom-up approaches.