Cargo handling equipment market was valued at $8.0 billion in 2024 and is projected to reach $14.7 billion by 2035, growing at a CAGR of 5.8% during the forecast period (2025–2035). The global cargo equipment handling equipment market is highly dependent on international trade for its growth, which mainly comes from seaborne trade.
According to the International Maritime Organization (IMO), up to 90% of the world's goods are transported through maritime trade. Further, the import and exports of goods through the marine have showcased exponential growth in recent years, especially post-pandemic, owing to the e-commerce boom, government investment in port infrastructure, and increased consumer spending.
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 (Pallet Jacks, and Loaders), by Propulsion Type (Diesel, and Electric), and by Application (Air, Road & Rail, and Marine) Forecast Period (2025-2035)” at https://www.omrglobal.com/industry-reports/cargo-handling-equipment-market
As per the Indian Ministry of Ports, Shipping, and Waterways, cargo handling in national waterways has increased by more than 1700.0% to 126.1 million metric tons (MMT) in 2022–23 from 6.83 MMT in 2013–14. wherein, as reported by the United Nations Conference on Trade and Development (UNCTAD), in 2020, due to the fallout of the COVID-19, global maritime trade contracted by around 4.0%, which saw a rebound in 2022 with the global economy starting to recover and continued consumer spending, along with an easing in pandemic-related restrictions, causing maritime trade to increase by 3.2% reaching to a total of 11 billion tons, close to pre-pandemic levels.
Key Players and Innovations
Several major players lead the cargo handling equipment market, including Cargotec Corp., Mitsubishi Heavy Industries, Ltd., Konecranes Plc, Sany Heavy Industry Co., Ltd., and Toyota Industries Corp., among others. These companies are at the forefront of innovation, continually developing new technologies to meet the industry's evolving needs. For instance, in June 2024, Kalmar, part of Cargotec, announced the launch of a new electric empty container handler, complementing its industry-leading range of eco-efficient solutions, including terminal tractors, reach stackers, and forklifts.
Market Coverage
• The market numbers available for – 2024-2035
• Base year- 2024
• Forecast period- 2025-2035
• Segment Covered-
o By Equipment Type
o By Propulsion Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape - Cargotec Corp., Mitsubishi Heavy Industries, Ltd., Konecranes Plc, SANY HEAVY INDUSTRY CO., Ltd., Toyota Industries Corp., and others.
Key questions addressed by the report.
Global Cargo Handling Equipment Market Report Segment
By Equipment Type
By Propulsion Type
By Application
Global Cargo Handling Equipment Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Russia
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Australia and New Zealand
• ASEAN Economies
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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