Cargo Handling Equipment Market by Cargo Type, Equipment Type, Propulsion Type, Operation

Description

List of Tables

[189 Pages Report] The Cargo Handling Equipment Market size was estimated at USD 27.82 billion in 2023 and expected to reach USD 29.17 billion in 2024, at a CAGR 5.39% to reach USD 40.19 billion by 2030.

The cargo-handling equipment market encompasses all machinery used to move, load, unload, and stack goods in ports, terminals, warehouses, and other logistical hubs. This equipment is designed to facilitate the efficient and safe handling of a wide range of cargo, including containers, bulk materials, general cargo, and breakbulk. The machinery includes forklifts, cranes, stackers, conveyors, and automated guided vehicles (AGVs), each with varying capacities and functionalities tailored to specific tasks and industries. Cargo handling equipment finds application in several areas, including marine ports, airports, intermodal facilities, warehouses, and distribution centers. Its end-use is diversified across various sectors such as shipping, aviation, retail, manufacturing, and logistics. The performance of the market is inherently tied to the global economic climate, trade volumes, eCommerce trends, and infrastructural developments across these sectors. Increases in international trade volumes necessitate more efficient cargo-handling solutions. The significant investment required for advanced machinery can be prohibitive for some operators. Additionally, transitioning to new technologies can incur temporary reductions in productivity. Concurrently, the industry is witnessing a shift toward adopting electric and hybrid machinery, motivated by an imperative to minimize carbon emissions and adhere to stringent environmental regulations. This trend is particularly notable as companies strive to align their operations with global sustainability goals. Moreover, an uptick in demand for modern cargo handling equipment fueled by robust infrastructural developments is observable in burgeoning markets. These emerging regions represent significant opportunities for market expansion and are a testament to the sector's forward momentum.

KEY MARKET STATISTICS
Base Year [2023]	USD 27.82 billion
Estimated Year [2024]	USD 29.17 billion
Forecast Year [2030]	USD 40.19 billion
CAGR (%)	5.39%

Regional Insights

The Americas is a significant cargo handling equipment market driven by robust trade activities, technological advancements, and a strong regulatory framework emphasizing safety and environmental standards. The United States dominates the region, with significant investments in cargo handling automation and electrification to comply with stringent emission norms. Import and export facilities in North America increasingly invest in eco-friendly equipment to reduce greenhouse gas emissions at ports, with a strong emphasis on battery-operated and hybrid machinery. Latin American countries continue to adopt new technologies, although at a slower pace, due to infrastructure constraints and economic volatility. The Europe, Middle East, and Africa (EMEA) region presents a diverse market with varying levels of technology adoption and investment capabilities. Western European countries lead in adopting advanced and sustainable cargo handling systems driven by environmental regulations such as the EU Stage V emissions standards. In the Middle East, the market is propelled by expanding port activities, with significant investments in infrastructure and state-of-the-art equipment to support handling larger cargo volumes. African markets are relatively less developed, with many countries relying on second-hand and less advanced equipment; however, there is potential for growth with ongoing port modernization projects and increasing intraregional trade. The Asia-Pacific (APAC) region is expected to witness substantial growth in the cargo-handling equipment market due to expanding port infrastructure, increasing manufacturing activities, and rising maritime trade. Countries such as China, Japan, South Korea, and Singapore are at the forefront of technological advancements, incorporating automated systems and artificial intelligence in their cargo operations. The region is also home to some of the busiest ports in the world, which fuels the demand for efficient and fast cargo-handling equipment. South Asia and Southeast Asia present a mix of rapidly growing markets with increasing investments and older ports gradually adopting modern equipment.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Cargo Handling Equipment Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Growing Marine and Air Cargo Transportation Globally
- Increasing Trade Activities Between Nations
- Demand for Cargo Handling Equipment for Modern E-Commerce

Market Restraints
- High Initial Investment on Purchasing and Subsequent Maintenance
- Equipment Downtimes Impeding Operation Activities

Market Opportunities
- Integration of Advanced Technology Such as IoT Platform for Cargo Handling Equipment
- Rising Emphasis on the Electrification of Cargo Handling Equipment

Market Challenges
- Safety Concerns Associated with Cargo Handling Equipment

Market Segmentation Analysis
- Cargo Type: Rising utilization of marine cargo equipment is for the loading and unloading of cargo at ports
- Equipment Type: Investment in R&D to development automated guided vehicles for improving efficiency
- Propulsion Type: Increasingly invested in electric technologies to meet the demand for more environmentally friendly equipment
- Operation: Development of automated cargo handling equipment with advanced technologies such as sensors, robotic arms, and AI systems

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Cargo Handling Equipment Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Cargo Handling Equipment Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

MacGregor Cargo Handling Equipment Ordered for Matson Containerships

MacGregor, the provider of cargo handling solutions, has been awarded a significant contract by SM Solutions in collaboration with Philly Shipyard. This partnership aligns with constructing three cutting-edge containerships, each with a capacity of 1,822 TEU (Twenty-Foot Equivalent Units). With its comprehensive role in the project, MacGregor will extend its expertise to include designing and providing a suite of critical components. This extensive scope of supply comprises advanced hatch covers, sophisticated lashing bridges, dependable deck stanchions, and an intricate system of fixed and removable cell guides that will be installed in the hold. [Published On: 2023-12-22]

U.S. Department of Commerce Invests USD 4 million to Support Cargo Handling Upgrades at Port of Oswego, New York

The U.S. Economic Development Administration has infused new life into the Port of Oswego's operational capabilities with a substantial USD 4 million grant. This funding injection is strategized to revamp the port's equipment and railway infrastructure, enhancing its export capabilities and providing local businesses with a superior gateway to international markets. At the heart of this initiative is acquiring a state-of-the-art radial telescopic ship loader conveyor that promises to revolutionize cargo handling. Moreover, substantial upgrades to the railroad track integrated within the port's system are slated to solidify the logistical framework. [Published On: 2023-08-22]

Ascent Lifting Acquires Cargo Control USA

Ascent Lifting Inc., an integrated supplier renowned for distributing, wholesaling, and fabricating various lifting and rigging solutions, has acquired Cargo Control USA. The latter is a premier distributor renowned for its comprehensive cargo control products and accessories range. This assortment includes various tie-downs, robust hardware, transport chains, stabilizing load bars, and tracks and decking beams designed to ensure secure and efficient cargo management. This strategic move by Ascent Lifting Inc. aims to enhance its market presence by expanding its product lineup and delivering advanced, value-added solutions to its clientele in the cargo handling sector. [Published On: 2023-03-06]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Cargo Handling Equipment Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Cargo Handling Equipment Market, highlighting leading vendors and their innovative profiles. These include Anhui Heli Co., Ltd., Cargotec Corporation, Crown Equipment Corporation, Hangcha Group Co., Ltd., Hyster-Yale Materials Handling, Inc., John Bean Technologies Corporation, Kion Group AG, Konecranes Oyj, Liebherr Group, Mallaghan, Mitsubishi Heavy Industries, Ltd., Sany Group, Satomas, Seehafen Wismar GmbH, Siemens AG, Tandemloc, Inc., Tec Container S.A., Terex Corporation, Toyota Industries Corporation, VDL Groep B.V., and Wartsila Oyj Abp.

Market Segmentation & Coverage

This research report categorizes the Cargo Handling Equipment Market to forecast the revenues and analyze trends in each of the following sub-markets:

Cargo Type
- Air Cargo Equipment
- Land Cargo Equipment
- Marine Cargo Equipment
- Rail Cargo Equipment

Equipment Type
- Automated Guided Vehicle
- Aviation Dollies
- Conveyor System
- Crane
- Forklift Truck
- Loader
- Pallet Jack
- Reach Stacker
- Rubber-Tired Gantry (RTG)
- Stacker
- Straddle Carrier
- Terminal Tractor

Propulsion Type
- Diesel
- Electric
- Hybrid

Operation
- Automated
- Manual
- Semi-automated

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-034230D3E2D9

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing Marine and Air Cargo Transportation Globally
  - 5.1.1.2. Increasing Trade Activities Between Nations
  - 5.1.1.3. Demand for Cargo Handling Equipment for Modern E-Commerce
- 5.1.2. Restraints
  - 5.1.2.1. High Initial Investment on Purchasing and Subsequent Maintenance
  - 5.1.2.2. Equipment Downtimes Impeding Operation Activities
- 5.1.3. Opportunities
  - 5.1.3.1. Integration of Advanced Technology Such as IoT Platform for Cargo Handling Equipment
  - 5.1.3.2. Rising Emphasis on the Electrification of Cargo Handling Equipment
- 5.1.4. Challenges
  - 5.1.4.1. Safety Concerns Associated with Cargo Handling Equipment
5.2. Market Segmentation Analysis
- 5.2.1. Cargo Type: Rising utilization of marine cargo equipment is for the loading and unloading of cargo at ports
- 5.2.2. Equipment Type: Investment in R&D to development automated guided vehicles for improving efficiency
- 5.2.3. Propulsion Type: Increasingly invested in electric technologies to meet the demand for more environmentally friendly equipment
- 5.2.4. Operation: Development of automated cargo handling equipment with advanced technologies such as sensors, robotic arms, and AI systems
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework Analysis

6. Cargo Handling Equipment Market, by Cargo Type

6.1. Introduction
6.2. Air Cargo Equipment
6.3. Land Cargo Equipment
6.4. Marine Cargo Equipment
6.5. Rail Cargo Equipment

7. Cargo Handling Equipment Market, by Equipment Type

7.1. Introduction
7.2. Automated Guided Vehicle
7.3. Aviation Dollies
7.4. Conveyor System
7.5. Crane
7.6. Forklift Truck
7.7. Loader
7.8. Pallet Jack
7.9. Reach Stacker
7.10. Rubber-Tired Gantry (RTG)
7.11. Stacker
7.12. Straddle Carrier
7.13. Terminal Tractor

8. Cargo Handling Equipment Market, by Propulsion Type

8.1. Introduction
8.2. Diesel
8.3. Electric
8.4. Hybrid

9. Cargo Handling Equipment Market, by Operation

9.1. Introduction
9.2. Automated
9.3. Manual
9.4. Semi-automated

10. Americas Cargo Handling Equipment Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Cargo Handling Equipment Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Cargo Handling Equipment Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. MacGregor Cargo Handling Equipment Ordered for Matson Containerships
- 13.3.2. U.S. Department of Commerce Invests USD 4 million to Support Cargo Handling Upgrades at Port of Oswego, New York
- 13.3.3. Ascent Lifting Acquires Cargo Control USA

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio