Cargo Handling Equipment Market - By Type: Cranes, Forklifts, Conveyors, Pallet Jacks. By Application: Warehousing, Ports, Airports, Industrial. By Region: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. By End-user Industry: Logistics, Warehousing, Ports, Aviation.
The global cargo handling equipment market was valued at USD 28.4 billion in 2023 and is projected to reach USD 52.7 billion by 2031, growing at an 8.4% CAGR (ClearView Market Insights, 2024). Growth is driven by e-commerce logistics expansion, port automation, and sustainable equipment mandates.
2. Technological Breakthroughs (2024)
2.1 Automation & Robotics
2.2 Alternative Power Systems
|
Technology |
Application |
Advantage |
|
Hydrogen Fuel Cells (Hyster) |
Port tractors |
Zero emissions, 8-hr runtime |
|
Lithium-Ion Batteries (Kalmar) |
Electric straddle carriers |
4X faster charging than lead-acid |
|
Hybrid Diesel-Electric (Liebherr) |
Ship-to-shore cranes |
45% fuel reduction |
2.3 Smart Maintenance
3. Equipment Segment Innovations
3.1 Container Handlers (XX% Market Share)
3.2 Airport Ground Support (XX%)
3.3 Bulk Material Handlers (18%)
4. Competitive Landscape
|
Company |
Market Share |
Flagship Product |
2024 Innovation |
|
Konecranes |
24% |
AutoRTG |
AI-powered container stacking |
|
Kalmar |
21% |
Eco Reachstacker |
Regenerative braking system |
|
Hyster-Yale |
18% |
Autonomous Lift Trucks |
Lidar navigation |
|
Liebherr |
15% |
LPS 420 |
AI load stabilization |
Emerging Players:
5. Regional Adoption
Global Cargo Handling Equipment Market Report
Need help?
Chat with our team in a minute.