Market Analysis
The Cargo Handling Equipment Market is predicted to touch USD 24.45 billion at a 5.1% CAGR in the forecast period (2020- 2027), states the latest Market Research Future (MRFR) report.
Drivers
Growing Adoption in Air, Marine, and Land Routes to Boost Market Growth
Growing adoption of cargo handling equipment in the containers through marine, land, and air routes for trade purposes for the efficiency of such equipment will boost the market growth over the forecast period.
Opportunities
Rising Emphasis on Protection for Laborers to Offer Robust Opportunities
The growing emphasis to protect the laborers working on ground floor (dispatch, storage, and production) will offer robust opportunities for the market in the forecast period.
Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/10190
Restraints
High Capital Costs to act as Market Restraint
The soaring capital price of cargo handling equipment may act as a market restraint over the forecast period as small enterprises dealing with cargo shopping are unable to use such equipment.
Market Segmentation
The global cargo handling equipment is segmented based on application, mode of propulsion, and type.
By type, the forklift truck type segment will lead the market over the forecast period.
By mode of propulsion, the diesel segment will dominate the market over the forecast period for its widespread use in different industries.
By application, the rail cargo segment will spearhead the market over the forecast period for the well-established existing rail networks.
Challenges
Lack of Synchronization to act as Market Challenge
The lack of synchronization among different equipment may act as a market challenge over the forecast period.
COVID-19 Analysis
Several industries have been affected by the COVID-19 crisis and the global cargo handling equipment market too is no different. It has also experienced the brunt of the deadly outbreak. Economic consequences, supply chain disruptions, fluctuations in demand share, and long-term & immediate impact of the COVID-19 crisis had a negative effect on the market growth. But with the relaxation of lockdowns, the market is likely to get back into normalcy soon.
Key Players
Eminent players profiled in the global cargo handling equipment market report include Toyota Industries Corporation (Japan),Terex Corporation (US), Kion Group AG (Germany), Konecranes Oyj (Finland), Hyster (US), Kalmar (Finland), Liebherr (Germany), Cargotec Oyj (Finland), ABB Ltd (Switzerland), and Shanghai Zhenhua Heavy Industries Company Limited (China).
The cargo handling equipment market is fragmented and also competitive for the presence of different international & domestic key players. These players have incorporated innovative strategies to remain at the vanguard and also suffice the burgeoning demand of the customers , including collaborations, contracts, partnerships, joint ventures, geographic expansions, & new product launches, and more.
Regional Analysis
APAC to Precede Cargo Handling Equipment Market
The APAC will precede the market over the forecast period. Increasing seaborne trade, rising industrial production, increase in air cargo movement, growing trend like e-commerce, the growing need for efficient and strong and efficient equipment for container handling, increase in considerable export and import, increasing technological advances, rise in globalization, trade businesses between different countries, increasing government initiatives, and developments in equipment and ports are adding to the global cargo handling equipment market growth in the region.
Besides, the presence of major developing economies India and China for high need of raw materials and final products, high industrial activities, the presence of largest port in Shanghai, the economy rebalancing from investment to consumption, from external to internal demand, and from manufacturing to services, low material and labor cost, and major import and export activities being supported by the growing economy in India are also adding market growth.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/cargo-handling-equipment-market-10190
Browse Related Reports:
Electrostatic Discharge Packaging Market by Product, by end-users, by Region – Forecast to 2027
Fiber Drum Market Research Report: Information by Closure, Capacity, End-Use Industry and Region – Forecast till 2027
Flexible Lid Stock Packaging Market Information Report by Type, By Application and By Region – Global Forecast To 2027
Flexible Packaging Market: Information by Material, Product Type, Printing Technology, Application and Region – Forecast to 2027
Flexible Plastic Packaging Market, By Type, By Printing Technology, By Application and Region – Forecast to 2027
Folding Cartons Market Information, By Wall Construction, By End-User and Region – Forecast To 2027
Food Container Market Research Report —Type, Material, Application, Region — Forecast till 2027
Food Packaging Market Information by Material, Type, Application and Region – Forecast to 2027
Food Service Packaging Market Information Report by Product, By Application and By Region – Global Forecast to 2028
Form Fill Seal Market Report information: by Product, by Type, End-Users, and Region – Global Forecast to 2027
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Website: https://www.marketresearchfuture.com
Comments