E-Commerce Industry Expansion is Expected to Benefit the Cargo Handling Equipment Market

Cargo handling equipment market is anticipated to grow at a CAGR of 4.5% during the forecast period (2024–2031). The rising trend for e-commerce promoted e-commerce companies to invest in logistical handling equipment and related infrastructure to strengthen overall transit capabilities and create consistency as per global logistical requirements and industry standards. The novel developments in the e-commerce storage and delivery industry such as last-mile delivery, omnichannel logistics, and cross-border e-commerce are driving the global cargo handling equipment market.

Browse the full report description of “Cargo Handling Equipment Market Size, Share & Trends Analysis Report by Equipment Type (Industrial Trucks, Tow Tractors, Conveying Equipment, Stacker, Port Cranes, and Others), by Propulsion Equipment Type (Diesel, and Electric), and by Application (Air, Road & Rail, and Marine) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/cargo-handling-equipment-market

The e-commerce industry has integrated various automation equipment including automated guided vehicles (AGVs), autonomous mobile robots (AMR), automated stacking cranes or automated straddle carriers (ASCs) into its workflow to optimize and enhance delivery and logistic capabilities, which is gaining traction across overall logistics market and is expected to benefit the market.

Recent Developments

• In August 2021, AirBridgeCargo Airlines (ABC) awarded a 10-year cargo handling contract to Worldwide Flight Services (WFS) in Liege, strengthening the all-cargo airline's global strategic collaboration with WFS. Under the terms of the new contract, in addition to handling import and export cargo on AirBridgeCargo's 15 Boeing 747 freighter flights per week, connecting Liege with prime markets in North America and Asia-Pacific, WFS has subleased half of ABC's new cargo terminal at the Belgian airport to support its other handling clients.

• In April 2021, Adani Logistics Ltd. formed a strategic and commercial cooperation with e-commerce giant Flipkart to boost its supply chain infrastructure. As part of this collaboration, Adani Logistics Limited will build a gigantic 534,000-square-foot fulfillment center at its planned logistics hub in Mumbai using cutting-edge technologies. The center will have the capacity to house 10 million units of seller inventory at any given time and will be operational by the third quarter of 2022.

Market Coverage  

· The market number available for 2024-2031 

· Base year: 2023 

· Forecast period: 2024-2031 

· Segment Covered- 

o By Equipment Type

o By Propulsion Type

o By Solution

· Regions Covered- 

o North America 

o Europe 

o Asia-Pacific 

o Rest of the World

• Competitive Landscape: Cargotec Corp., Mitsubishi Heavy Industries, Ltd., and Liebherr-International Deutschland GmbH among others. 

Key questions addressed by the report 

• What is the market's growth rate? 
• Which segment and region dominate the market in the base year? 
• Which segment and region will project the fastest growth in the market? 
• Who is the leader in the market? 
• How are players addressing challenges to sustain growth? 
• Where is the investment opportunity? 

Global Cargo Handling Equipment Market Report Segment 

By Equipment Type

• Industrial Trucks
• Tow Tractors
• Conveying Equipment
• Stacker
• Port Cranes
• Others (Stacker, Pallet Jacks, Loaders)

By Propulsion Type

• Diesel
• Electric

By Application

• Air
• Road & Rail
• Marine

Global Cargo Handling Equipment Market Report Segment by Region 

North America 

· United States 

· Canada 

Europe 

· UK 

· Germany 

· Italy 

· Spain 

· France 

· Rest of Europe 

Asia-Pacific 

· China 

· India 

· Japan 

· South Korea 

· Rest of Asia-Pacific 

Rest of the World 

· Latin America

· The Middle East and Africa

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