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Demand for Cargo Handling Equipment Market in the Coming Years

Cargo Handling Equipment Market report categorizes the global market by Application (Land, Air, & Marine), Propulsion, Equipment (Conveyors, Forklift Truck, Aviation Dolly, Pallet Jack, Crane, RTG, Loader, Stacker, Straddle Carrier, Terminal Tractor), and Region.

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Demand for Cargo Handling Equipment Market in the Coming Years

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  1. Cargo Handling Equipment Market - Global Forecast to 2025 www.MarketsandMarkets.com

  2. Cargo Handling Equipment Market by Application (Air, Land, & Marine), Equipment (Conveyors, Forklift Truck, Aviation Dolly, Pallet Jack, AGV, Crane, RTG, Loader, Stacker, Straddle Carrier, Terminal Tractor), Propulsion, and Region - Global Forecast to 2025 As per the United Nations Conference on Trade And Development (UNCTAD), the global seaborne trade volume touched 10.2 billion tons in 2016. Additinally, the IATA has estimated the growth in global aircargo movement at the CAGR of 4.5% till 2035. The constantly increasing seaborne trade, industrial production, and air cargo is driving the demand for cargo handling equipment globally. PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=90309268

  3. The diesel propulsion segment is estimated to hold the largest share of the cargo handling equipment market during the forecast period. • The diesel propulsion segment is projected to hold the largest market share from 2018 to 2025. Most of the cargo handling equipment, such as straddle carriers, reach stackers, forklift trucks, RTG cranes, and terminal tractors, run on diesel engines. According to MarketsandMarkets analysis, the diesel engine segment is estimated to hold the largest share of the cargo handling equipment market in 2018. High power and low cost make diesel propelled equipment the first choice for equipment manufacturers.

  4. The RTG is expected to be the fastest growing cargo handling equipment from 2018 to 2025. RTG is a mobile equipment used in intermodal operations to ground or stack containers at sea ports. RTGs are installed with diesel, electric, or hybrid engines. Last few years have seen a significant increase in seaborne trade across different industry verticals, including automotive, chemicals, agriculture, textiles, and pharmaceuticals. Increased seaborne trade has, in turn, increased the demand for cargo handlers for quick loading and transportation of cargo at the port terminals. UNCTAD has estimated that cargo volumes would grow at a CAGR of 3.2% between 2017 and 2022. RequestSample@ https://www.marketsandmarkets.com/requestsample.asp?id=90309268

  5. Asia Pacific: The largest cargo handling equipment market As per the World Bank, China is the global leader in cargo handling capacity and accounted for 28.5% of the total cargo moved in 2017. According to MarketsandMarkets’ analyses, the cargo handling capacity in Asia stood at around 40–42% in terms of value in 2018. The ports in Shanghai (China), Shenzhen (China), Hong Kong, Ningbo-Zhoushan (China), Singapore, and Keihin (Japan) handle millions of TEU annually, which is driving the growth of the market in Asia Pacific. This trend is estimated to continue and, to handle the increasing cargo traffic, an increase in the demand for cargo handling equipment as well as automation at ports is expected in the region in coming years.

  6. Market Ecosystem: The prominent players in the cargo handling equipment market are Kalmar (Finland), Konecranes (Finland), Liebherr (Switzerland), Hyster (US), Sany (China), Mitsubishi (Japan), Toyota Industries (Japan), Kion group (Germany), Macgregor (Finland), JBT corporation (US), Terex (US) and Anhui Heli (China)

  7. Browse >> 91marketdata tables 45figures 177 pagesand in-depth TOC on “Cargo Handling Equipment Market – Global Forecast to 2025” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $5650 for single user. Corporate User : US$8150 This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

  8. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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