Cargo Handling Equipment Market Scope
Rapid development in cargo equipment automation, increasing demand for electric and hybrid equipment to reach lower emissions and fuel consumption and augmented demand in the Asia-Pacific (APAC) region are expected to drive the Global Cargo Handling Equipment Market for cargo handling equipment during the forecasted period. Global cargo handling equipment market is anticipated to have considerable growth with growing marine and air traffic.
According to AMA, the Global Cargo Handling Equipment market is expected to see growth rate of 3.61% and may see market size of USD28.02 Billion by 2026.
Research Analyst at AMA estimates that European Manufacturers will contribute to the maximum growth of Global Cargo Handling Equipment market throughout the predicted period.
Kalmar (Finland), Konecranes (Finland), Liebherr (Switzerland), Hyster (United States), Lonking (China), Anhui Heli (China), CVS Ferrari (Italy), Hoist Liftruck (United States), Siemens AG (Germany), Emerson Electric (United States) and JBT Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Sany (China) and ZPMC (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Cargo Handling Equipment market , by Application (Air Cargo, Marine Cargo and Land Cargo) and Region with country level break-up.
On the basis of geography, the market of Cargo Handling Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 23rd April 2018, ZF Friedrichshafen AG entered into a joint venture with Chinese company Anhui Heli Co., Ltd. in February. The company is to be named ZF-HELI Drivetech (Hefei) Co., Ltd. This joint venture will enable ZF to access the Chinese market, the biggest and fastest-growing market for forklift trucks. In addition, ZF will strengthen its extensive product portfolio with Anhui Heli products.
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.
Market Trend
- Growing Investment in Advanced Technology Equipment to Reduce Loading and Unloading Time and Advance Their Operating Efficiency
- Increasing Demand Due To New Air and Marine Port Construction
Market Drivers
- Fueling Cargo Transportation All Over the World
- Increasing Marine and Air Traffic.
Opportunities
- Growing Government Stringency in Emission Regulations
- Rising Automation in Cargo Handling Equipment to Open Doors for Technology Suppliers
Restraints
- High Capital Costs of Cargo Handling Equipment
Challenges
- Growing Concern Regarding Accidents Involved While Using Cargo Handling Equipment
- Lack of Synchronization between Different Port Equipment
Key Target Audience
Cargo Handling Equipment Manufacturers, Cargo Handling Equipment Traders and Distributors, Air Cargo Associations, Air Cargo Equipment Manufacturers, Government Research Organization, Private Research Organization, Government Regulatory Bodies, Industry Association, Downstream Vendors and Others