Cargo handling equipment are the various hardware equipments having the capability to handle, move, transport and load the heavy loads to particular areas where there is a requirement of having high-strength heavy load carriers to protect the workers and ensure the safety and integrity of cargo. The type of equipment essentially depends on the type of material to be handled and the areas of application such as land, air or even marine.
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Cargo handling equipment market is growing due to increasing demand for air and land cargo transportation, technological development in the cargo handling equipment; the effects of these factors are mentioned below:
The market is segmented on the basis of equipment type as aviation dollies, stacker, pallet jack, loader, conveyor systems, automated guided vehicle, forklift trucks, cranes, rubber-tired gantry cranes, straddle carrier, reach stacker, terminal tractors; application as air cargo, marine cargo, land cargo; propulsion as diesel, electric; product as trucks, man lifts, rail pushers, electric pallet jacks, excavators, tractors, bulldozers, side picks.
“According to Data Bridge Market Research, global cargo handling equipment market is expected to reach USD 29.62 billion by 2026, growing with a steady CAGR during the forecast period of 2019 to 2026”
Some of the major players operating in market are Hangcha, Siemens, Toyoto Industries Corporation, Terex Corporation, Anhui Heli Industrial Vehicle Imp.& Exp. Co., Ltd, Textron Ground Support Equipment Incorportated, HYSTER, JBT, TLD, KION GROUP AG, Hoist Liftruck Mfg, LLC., Mitsubishi Motors North America, Inc., Gantrex, Cargotec, Konecranes, Liebherr-International Deutschland GmbH, SANY GROUP.
With preference from various end-users and product manufacturers to integrate automation in their equipments and integrate advanced technology to help provide greater reliability and effectiveness for cargo handling equipment, various technology providers and equipment manufacturers are combining their expertise to develop a highly efficient and effective product. This strategy presents the consumers with innovative product offerings that can be used to reduce the cost of operations and promote the effectiveness in carrying heavy loads.
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Global Cargo Handling Equipment Market – Industry Trends and Forecast to 2028