Cargo Handling Equipment Market to Reach $48.3 Billion, Globally, by 2031 at 5.3% CAGR: Allied Market Research
Comunicato Precedente
Comunicato Successivo
Download Free Sample Report (220 Pages PDF with Insights, Charts, Tables, Figures): https://www.alliedmarketresearch.com/request-sample/32197
Drivers, Restraints, and Opportunities
The growing e-commerce industry, rise in trade-related agreements, surge in tech-driven cargo handling solutions, and the growing adoption of loT-enabled connected cargo handling equipment fuel the growth of the global cargo handling equipment market. However, lack of control of manufacturers on logistics service, poor infrastructure, and high costs of purchasing cargo handling equipment are likely to hinder the global market growth. On the other hand, the emergence of last-mile deliveries, logistics automation, and cost-cutting & lead time reduction due to the adoption of cargo handling systems will present new growth opportunities for the global cargo handling equipment market in the coming years.
Covid-19 Scenario
The port cranes segment to dominate the market in terms of revenue during the forecast period
Based on equipment type, the port cranes segment contributed to the largest share of more than one-third of the global cargo handling equipment market in 2021, and is expected to rule the roost during the forecast period. This is due to the increasing adoption of such equipment for carrying bulk goods. However, the tow tractors segment is projected to witness the fastest CAGR of 7.3% from 2022 to 2031, as it can provide efficient transportation of heavier loads in indoor and outdoor areas. In addition, the availability of fuel-efficient and electric tow tractors is likely to provide huge cost saving for performing cargo handling activities.
Buy This Research Report @ https://bit.ly/3vO22Zn
The IC engine segment to dominate in terms of revenue during the forecast period
Based on the propulsion type, the IC engine segment held the largest share of two-thirds of the global cargo handling equipment market in 2021, and is expected to maintain a prominent growth during the forecast period. The growth of the segment is attributed to its ability to provide better consumption of fuel. However, the electric segment is expected to exhibit the highest CAGR of 5.7% in 2031, owing to the growing adoption of electric-based equipment that provides better convenience.
The road and rail segment to maintain its leadership during the forecast period
Based on the application, the road and rail segment held the largest share of nearly two-thirds of the global cargo handling equipment market in 2021, and is expected to maintain a prominent growth during the forecast period, as bulk materials can be carried through roads and rails. However, the air segment is expected to exhibit the highest CAGR of 6.4% in 2031, as it helps save the time for moving goods, which in turn, facilitates faster delivery.
Asia-Pacific to garner the largest revenue by 2031
Based on region, the market in Asia-Pacific was the largest in 2021, accounting for over two-fifths of the global cargo handling equipment market, and is likely to maintain its dominance during the forecasted timeframe due to the establishment of new manufacturing companies in the U.S. and Canada. However, the market in LAMEA is likely to show the fastest CAGR of 9.1% during the forecast period, due to growing number of acquisitions and agreements by different companies in the region.
Purchase Inquiry:
https://www.alliedmarketresearch.com/purchase-enquiry/32197
Leading Market Players
Trending Reports in Cargo Handling EquipmentIndustry (Book Now with 10% Discount):
Crawler tractor market growing at a CAGR of 5% from 2022 to 2031.
Global autonomous tractors market registering a CAGR of 20.9% to 2030.
Cranes market growing at a CAGR of 4.8% to 2027.
Construction and Mining Equipment Market - Global Opportunity Analysis and Industry Forecast, 2021-2031
Track Mounted Equipment Market - Global Opportunity Analysis and Industry Forecast, 2019-2026
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web:https://www.alliedmarketresearch.com/reports-store/construction-and-manufacturing
Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/cargo-handling-equipment-market-to-reach-48-3-billion-globally-by-2031-at-5-3-cagr-allied-market-research-301716370.html
Ufficio Stampa
PR Newswire (Leggi tutti i comunicati)
209 - 215 Blackfriars Road
LONDON United Kingdom
