Global Cargo Handling Equipment Market Segmentation, By Product (Trucks, Man Lifts, Rail Pushers, Electric Pallet Jacks, Excavators, Tractors, Bulldozers, Side Picks), Equipment Type (Aviation Dollies, Stacker, Pallet Jacks, Loaders, Conveyor System, Automated Guided Vehicle, Forklift Trucks, Cranes, Rubber Tired Gantry Cranes, Straddle Carriers, Reach Stackers, Terminal Tractors), Propulsion Type (Diesel, Electric, Others), Cargo Type (Container Cargo, Dry Bulk Cargo, Liquid Bulk Cargo, Break Bulk Cargo, Ro-Ro Cargo), Application (Air Cargo, Marine Cargo, Land Cargo), End User (Automotive, Consumer and Retail, Energy Resources, Manufacturing, Transportation, Others) – Industry Trends and Forecast to 2032
Cargo Handling Equipment Market Analysis
The rising need for container handling services is boosting the market's growth over the forecasted period. As per United Nations Conference on Trade and Development the trade volumes touched 10.2 billion tons in 20-16. Moreover, the IATA has estimated that the rising air cargo movement will grant several growth opportunities for the market over the forecasted period.
Cargo Handling Equipment Market Size
Global cargo handling equipment market size was valued at USD 25.49 billion in 2024 and is projected to reach USD 32.42 billion by 2032, with a CAGR of 3.05% during the forecast period of 2025 to 2032.
Report Scope and Market Segmentation
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Attributes
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Cargo Handling Equipment Key Market Insights
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Segmentation
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Key Market Players
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Hangcha Forklift (China), Siemens Logistics GmbH (Germany), TOYOTA INDUSTRIES CORPORATION (Japan), Terex Corporation. (U.S.), Anhui Heli (China), Textron Ground Support Equipment Inc. (U.S.), Liebherr-International Deutschland GmbH (Germany), TLD (U.S.), KION GROUP AG (Germany), ABB (U.S.), Hoist Material Handling, Inc. (U.S.), Hyster-Yale Group, Inc. (U.S.), Konecranes. (Finland), Gantrex (Belgium), CARGOTEC CORPORATION (Finland), Wärtsilä (Finland)
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Market Opportunities
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Cargo Handling Equipment Market Definition
The car handling equipment is a type of equipment that is which is used for loading and discharging operations and varies with the different types of cargo the various features provided by the equipment are rise in equipment handling velocity, decrease in time and others.
Cargo Handling Equipment Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Rising Imports and Export activities
The rising import and export services and activities across the globe and the thriving logistics industries is the primary factor driving the growth of the market over the forecasted period. the increasing seaborne trade activities, industrial production and air cargo facilities are leading to the rise in the demand for cargo handling equipment to secure enhanced and proficient outcomes. This factor is driving the growth of the cargo handling equipment market over the forecasted period.
- Rigorous Emission Requirements
The rise in the rigorous emission requirements across cargo handling services is the vital factor driving the growth of the market over the forecasted period. The equipment with improved fuel efficiency and lower emissions are in high demands for better handling of the shipments, which are also the factors propelling the market growth. Furthermore, the rise in the advancements in cargo shipment handling equipment along with the high usage across various end users further increases the demand for the market. The increasing applications and the growth in the government support and rising level of investments will further boost the market growth over the forecast period.
Opportunities
- Advancements and adoption of workflow automation
The advancements in the field of cargo handling is estimated to generate lucrative opportunities for the market. The growth in the cargo services is being recorded due to the rise in the adoption of workflow automation and this factor has created significant lucrative growth opportunities for the market over the forecasted period. The inability of existing solutions to digitalize the physical process leads to a mismatch between digital and physical information, leading to the gap in realizing operational efficiency. The manufacturers are actively focusing on digitalizing solutions to create growth opportunities for the market’s growth.
Restraints/Challenges
- High Capital Costs
One of the barriers to market expansion is the high capital costs associated with the cargo handling equipment. This factor is hindering the market’s growth.
- Rise in the accidents
The rise in the cargo accidents across the globe severely affected the growth of the market for cargo handling. This factor is projected to pose as a challenge for the cargo handling equipment market over the forecast period.
This cargo handling equipment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cargo handling equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on the Cargo Handling Equipment Market
The coronavirus outbreak is projected to hugely impact the cargo handling equipment market. The cargo handling equipment market’s manufacturing units have been shut down due to the restrictions during the lockdown generated amidst pandemic. Although the unavailability of skilled professionals have affected the market, the market is projected to show growth in the supply units during the post-pandemic era due to the up-liftment of the restrictions post lockdown. Moreover, the rising needs form the cargo handling and transportation services have also created growth opportunities for the market during the post-pandemic era.
Cargo Handling Equipment Market Scope
The cargo handling equipment market is segmented on the basis of product, equipment type, propulsion type, cargo type, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Trucks
- Man Lifts
- Rail Pushers
- Electric Pallet Jacks
- Excavators
- Tractors
- Bulldozers
- Side Picks
Equipment Type
- Aviation Dollies
- Stacker
- Pallet Jacks
- Loaders
- Conveyor System
- Automated Guided Vehicle
- Forklift Trucks
- Cranes
- Rubber Tired Gantry Cranes
- Straddle Carriers
- Reach Stackers
- Terminal Tractors
Propulsion Type
- Diesel
- Electric
- Others
Cargo Type
- Container Cargo
- Dry Bulk Cargo
- Liquid Bulk Cargo
- Break Bulk Cargo
- Ro-Ro Cargo
Application
- Air Cargo
- Marine Cargo
- Land Cargo
End User
- Automotive
- Consumer and Retail
- Energy Resources
- Manufacturing
- Transportation
- Others
Cargo Handling Equipment Market Regional Analysis
The cargo handling equipment market is analyzed and market size insights and trends are provided by product, equipment type, propulsion type, cargo type, application and end user as referenced above.
The countries covered in the cargo handling equipment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the cargo handling equipment market because of the increasing demand for strong and proficient container handling equipment along with the rapid increase in the considerable import and export within the region.
North America is expected to witness significant growth during the forecast period of 2025 to 2032 due to the booming e-commerce and rapid industrialization and development within the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Cargo Handling Equipment Market Share
The cargo handling equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to cargo handling equipment market.
Cargo Handling Equipment Market Leaders Operating in the Market Are:
- Hangcha Forklift (China)
- Siemens Logistics GmbH (Germany)
- TOYOTA INDUSTRIES CORPORATION (Japan)
- Terex Corporation. (U.S.)
- Anhui Heli (China)
- Textron Ground Support Equipment Inc. (U.S.)
- Liebherr-International Deutschland GmbH (Germany)
- TLD (U.S.)
- KION GROUP AG (Germany)
- ABB (U.S.)
- Hoist Material Handling, Inc. (U.S.)
- Hyster-Yale Group, Inc. (U.S.)
- Konecranes (Finland)
- Gantrex (Belgium)
- CARGOTEC CORPORATION (Finland)
- Wärtsilä (Finland)
Latest Developments in Cargo Handling Equipment Market
- In 2020, the two leading cargo key players, PayCargo and IBS software decided to start the joint organization in collaboration which allows the API-based combination and also provides an upgraded computerized instalment stage in cargo handling equipment which generated profitable revenues for both companies.
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