A Deep Dive into Cargo Handling Equipment Market 2025: Key Drivers, Growth Factors, and Projections 2025-2034

What industry-specific factors are fueling the growth of the cargo handling equipment market?
The escalation in import and export operations is predicted to drive the expansion of the cargo-handling equipment market in the future. These operations encompass the acquisition (import) and distribution (export) of commodities and services globally. The reason for the surge in import and export operations is international trade. It promotes the transaction of goods and services between diverse countries or territories. The use of cargo handling equipment boosts these operations by augmenting efficiency, guaranteeing safety, speeding up handling processes, optimizing capacity usage, and supporting a variety of cargo, hence easing international trade functions. For instance, the International Trade Administration, an agency run by the U.S. government, reported in November 2023 that the exportation of goods and services from the U.S. to the U.K. in 2022 experienced a 21.5% increase from 2021, reaching a value of $157.1 billion. Consequently, the rise in import and export operations is fueling the expansion of the cargo-handling equipment market.

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What Is the projected market size and growth rate for the cargo handling equipment market?
In recent years, the market size of cargo handling equipment has seen considerable growth. It's projected to expand from $27.33 billion in 2024 up to $29.14 billion in 2025, with a compound annual growth rate (CAGR) of 6.6%. This growth during the historical period can be credited to factors such as growing industrialization, adoption of eco-friendly handling equipment, stringent safety and environmental regulations, development in the sector of air freight handling equipment, as well as expansion in global shipping routes and ports.

The predicted expansion of the cargo handling equipment market size is anticipated to be robust in the coming years, with its value projected to reach $37.32 billion by 2029, registering a compound annual growth rate (CAGR) of 6.4%. Several factors could contribute to growth during the forecast period, including the transition to electric cargo handling vehicles, the demand for eco-friendly handling equipment, shifts in consumer behavior, enhanced security measures in cargo scanning and handling, and efforts to cut down operational expenses. Key trends expected during the forecast period entail the incorporation of RFID technology, the rise of 3D printing, progress in hydraulic systems, the inclusion of AI, and the utilization of blockchain.

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What new trends are reshaping the cargo handling equipment market and its opportunities?
Leading businesses in the cargo handling equipment market are launching sophisticated forklift models to boost productivity, integrate advanced automated features, and address environmental concerns with electric and hybrid technologies. A forklift is a small power-operated commercial vehicle with a pronged platform that can be elevated or lowered to slide under a load to lift or move it. For example, in May 2023, Toyota Material Handling, an American machinery production company, unveiled three electric forklift models. The three new models include the Side-Entry End Rider, designed for efficient cross-warehouse operations, the multipurpose Center Rider Stacker combining three functions into one, and the robust Industrial Tow Tractor, engineered to tow heavy loads effortlessly and efficiently. All three models come with smooth, noiseless AC drive motors, adjustable controls for the comfort of the operators, and other optional features like cold storage conditioning and PIN code access for enhanced customization and security.

What major market segments define the scope and growth of the cargo handling equipment market?
The cargo handling equipment market covered in this report is segmented -

1) By Equipment Type: Aviation Dollies, Stacker, Pallet Jacks, Loaders, Conveyor System, Automated Guided Vehicle, Forklift Trucks, Cranes, Rubber Tired Gantry Cranes, Other Equipment Types
2) By Technology: Manual, Semi-Automated, Fully Automated
3) By Propulsion Type: Diesel, Electric, Other Propulsion Types
4) By Application: Air Cargo, Marine Cargo, Land Cargo
5) By End User: Automotive, Consumer And Retail, Energy Resources, Manufacturing, Transportation, Other End-Users

Subsegments:
1) By Aviation Dollies: Aircraft Towing Dollies, Pushback Dollies, Cargo Dollies
2) By Stacker: Manual Stackers, Electric Stackers, Semi-Electric Stackers
3) By Pallet Jacks: Manual Pallet Jacks, Electric Pallet Jacks, High-Lift Pallet Jacks
4) By Loaders: Front-End Loaders, Telescopic Loaders, Articulated Loaders
5) By Conveyor System: Roller Conveyors, Belt Conveyors, Chain Conveyors, Pneumatic Conveyors
6) By Automated Guided Vehicle (AGV): Laser-Guided AGVs, Vision-Guided AGVs, Magnetic Tape AGVs
7) By Forklift Trucks: Electric Forklifts, Internal Combustion Forklifts, Reach Trucks, Pallet Forklifts
8) By Cranes: Overhead Cranes, Gantry Cranes, Jib Cranes, Tower Cranes
9) By Rubber Tired Gantry Cranes (RTG): Standard RTG Cranes, Electric RTG Cranes, Hybrid RTG Cranes
10) By Other Equipment Types: Dock Levelers, Container Handling Equipment, Lifting Tables, Palletizers

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Asia-Pacific was the largest region in the cargo handling equipment market in 2023. The regions covered in cargo handling equipment report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Which key market leaders are driving the cargo handling equipment industry growth?
Major companies operating in the cargo handling equipment market are Siemens AG, ABB Ltd., Komatsu Ltd., Toyota Industries Corporation, HD Hyundai Heavy Industries Co. Ltd., Liebherr-International Deutschland GmbH, KION Group AG, Sany Heavy Industry Co. Ltd., Doosan Industrial Vehicle BG, Jungheinrich AG, Mitsubishi Logisnext Co. Ltd., Wallenius Wilhelmsen Logistics ASA, Shanghai Zhenhua Heavy Industries Company Limited, ere*x Corporation, Crown Equipment Corporation, Cargotec Oyj, Hyster-Yale Materials Handling Inc., Konecranes Oyj, Anhui Heli Co. Ltd., Hangcha Group Co, Manitowoc Company Inc., John Bean Technologies Corporation, Kalmar Corporation, The Taylor Group Inc, and CVS ferrari S.P.A

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What Is Covered In The Cargo Handling Equipment Global Market Report?

•Market Size Forecast: Examine the cargo handling equipment market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the cargo handling equipment market for a structured understanding.
•Key Players Overview: Analyze major players in the cargo handling equipment market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the cargo handling equipment market.
•Segment Contributions: Evaluate how different segments drive overall growth in the cargo handling equipment market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the cargo handling equipment market.
•Industry Challenges: Identify potential risks and obstacles affecting the cargo handling equipment market.
•Competitive Landscape: Review strategic developments in the cargo handling equipment market, including expansions, agreements, and new product launches.

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