Cargo handling equipment market is anticipated to grow at a CAGR of 4.5% during the forecast period (2024-2031). Cargo handling equipment market comprises of a variety of handling equipment including industrial trucks, cranes, stackers, pallets, among others, which streamline logistical and transport processes such as unloading cargo, transporting cargo, warehousing, picking, and sorting. The market growth is driven by the rising demand of cargo handling equipment from marine segment, increase in seaborne trade, e-commerce boom, and advancement in cargo equipment through integration of IoT devices, automation & robotics, and AI (artificial intelligence)) & ML (machine learning) among others.
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The development of a wide variety of cargo handling equipment with the integration of automation & robotics, IoT, and AI (artificial intelligence) & ML (machine learning) has increased the adoption of cargo handling equipment owing to increased efficiency, reduction in manpower consumption, and cost-effectivity. In March 2024, Konecranes introduced the Konecranes X-series industrial crane. It features a modern, compact design and safe, dependable technology that can be upgraded wirelessly to meet changing client needs. The X-series demonstrates ways Konecranes is influencing next-generation material handling for a safer, better, and more intelligent society by implementing sustainable design and material selections. Such product launches to meet user needs further promotes the adoption of cargo handling equipment.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Cargo Handling Equipment Market Report Segment
By Equipment Type
- Industrial Trucks
- Tow Tractors
- Conveying Equipment
- Stacker
- Port Cranes
- Others (Stacker, Pallet Jacks, Loaders)
By Propulsion Type
- Diesel
- Electric
By Application
- Air
- Road & Rail
- Marine
Global Cargo Handling Equipment Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- The Middle East and Africa
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global cargo handling equipment market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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