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Visibility Report Code :HC 1002
2016-2024
Global Cargo Handling Equipment Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024
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Executive Summary Global Cargo Handling Equipment Market Size USD (Billion). 2016-2024
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XX%
CAGR: (2016-2024)
2015e
2016f
2017f
2018f
2019f
2020f
2021f
2022f
2023f
Source: Goldstein Research
In 2016,
9.71% 32.04 22.33 % 2024 %
7.00 24.0% 32.0 0% 2016 0% 27.0 10.0 0% 0% Asia-Pacific
26.21 9.71% %
Middle East & Africa
North America
Europe
Latin America
Source: Goldstein Research
marine ports accounted for the highest market share XX% in cargo handling equipment Market
Global Cargo Handling Equipment Market Share(%), By Product Type-2016
With
XX% share in 2016, Asia Pacific region dominated the global cargo handling equipment market
Global Cargo Handling Equipment Market Share(%), By Fuel Type-2016
Global Cargo Handling Equipment Share(%), By End User-2016
Bulldozers XX%XX% XX%
Cranes/RTG Cranes
XX%
Excavators XX%
XX%
Forklifts Man Lifts Rail Pushers
XX%
XX% XX%XX%
28.30 %
Reach Stackers Tractors Truck
26.42 %
Diesel
45.28 %
29.00% Marine Ports
47.00%
Electric
Gasoline
Railway Yards
24.00%
Others
Source: Goldstein Research
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Air Ports
Key Findings
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In 2016, trucks and tractors dominated the cargo handling equipment market; electric and IC RTG cranes and forklift trucks segment accounted for nearly XX% of the total cargo handling equipment market and remaining XX% went for the remaining products. More than 90% of goods transported are containerized; to deal with the huge container traffic advanced cargo handling equipment are needed such as RTG cranes, forklifts and tractors. However, as the material handling equipments is on rise (especially in developing countries), the Europe cargo handling equipment market is projected to reach USD XXXX million in 2024 from USD XXXX million in 2016, registering a growth rate of XX%. In addition to that, North America cargo handling equipment market touched USD XXXX million in 2016 and rising demand for electric powered material handling equipment in the region is expected to accelerate the market to USD XXXX million by the end of 2024. World trade continued to expand between continents and countries with XX% annual growth rate. Global cargo traffic constitutes more than 65% of e-commerce shipments which is driving the growth of global cargo handling equipment market. The global air cargo traffic is estimated to grow on an average XX% per year over the next 20 years. In 2015, significant growth is witnessed in the delivery of ship-to-shore cranes, Europe accounted for the largest regional market with XX new STS cranes
e l p
With USD XXXX million in 2016, marine ports has the highest demand for cargo handling equipment followed by railway yards and air ports. The advancement in material handling equipment are encouraging the port authorities to adopt computer-based cargo spotting systems to enable even relatively unskilled operators to cope with the pendulum effects and centrifugal forces.
m a S
Global Cargo Handling Equipment Shipments (Million Units) Asia-Pacific
2016 2024 Copyright
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XX Million Units
XX Million Units
North America
Growing Ecommerce Business
Growing Cargo Activities at Ports
Increase in Port development and Upgradation Activities
XX Million Units XX Million Units www.goldsteinresearch.com
Advancement in forklift technology
Major Players Presence-Regional Analysis
Major Players/ Industries
North America
APAC
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Europe
Latin America
Middle East & Africa
Toyota Industries Corporation Hyundai Heavy Industries Catterpillar Kion Group AG Jungheinrich AG Kalmar Global ABB Group Konecranes Plc
High Penetration
Medium Penetration
Low Penetration
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Global Cargo Handling Equipment Market Size (USD Billion) & Growth Analysis Global Cargo Handling Equipment Market Size (USD Billion)-2016-2024 XX
XX
XX% XX%
XX
XX
XX%
XX
XX
e l p
XX%
XX
XX%
XX
XX
XX%
XX
XX%
XX XX
XX
XX
XX XX
Global Cargo Handling Equipment Market Y-O-Y Growth (%) Analysis-20162024
XX
XX
XX%
m a S
XX% XX%
XX% XX% XX% XX% XX%
XX% XX%
XX%
XX
XX% XX%
XX
XX%
2015
XX
2015
2016
2017
Source: Goldstein Research
2018
2019
2020
2021
2022
2023
2024
2016
2017
2018
2019
2020
2021
2022
2023
Source: Goldstein Research
 Asia Pacific cargo handling equipment industry size is anticipated to expand at a fastest compound annual growth rate of XX% during the forecast period i.e. 2016-2024. Further, cargo handling equipment sales increased from XXXX thousand units in 2015 to XXXX units in 2016, which is likely to reach market value of USD XX billion by 2024.  New marine projects such as "Green Port Panama Atlantic" a mega-port project spread over 127 hectares on Largo Remo Island and such other projects will provide huge growth opportunities to cargo handling equipment market. Estimates of growth for shipping lines, and by extension the ports serving them, confirm tough operating conditions in coming years. As a result, many of the largest container port projects are expansions of existing sites, dredging and building new capacity next to proven locations. This includes up to 5 million 20-foot equivalent units, or TEUs, of new capacity at the port of Mundra in India, 2.5 million TEUs at Khalifa Port Container Terminal in Abu Dhabi, and 2.5 million TEUs at the Red Sea Gateway Terminal at the port of Jeddah in Saudi Arabia. Copyright
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2024
Global Cargo Handling Equipment Market Overview, By Region and Market Players-2016 Global Cargo Handling Equipment Market Share in Marine ports(%), By Region, 2016
7.69%
Asia Pacific 28.85% 24.04%
North America
m a S Middle East and Africa
12.50%
Europe
26.92%
Latin America
Source: Goldstein Research
Global Cargo Handling Equipment Market Share (%), By Players (Forklifts), 2016
e l p
Toyota Industries Corporation
XX%
XX%
XX%
XX% XX% XX%
HeLi Co. Ltd. Kion Group AG
XX%
XX%
Mitsubishi Nichiyu Forklift Co. Ltd.
Jungheinrich AG Anhui Forklift Group Co. Ltd. UniCarriers
XX%
XX%
Hyster-Yale Material Handling HYTSU Group Hyundai Heavy Industries
Source: Goldstein Research
Global Cargo Handling Equipment market accounted USD XX billion in 2016 on the back of spiked demand for advanced and cargo handling equipment in developed an developing economies in order handle rising cargo traffic at marine and air ports. Deliveries to Asia-Pacific region dropped by XX%, following completion of some major projects in China and Korea. However, rail mounted gantry crane (RMG) segment witnessed growth of XX%, with XX new RMG cranes delivered globally. Moreover, of the total cranes delivered, XX% were identifies as E-RTG or the crane variant powered by electricity rather than fossil fuels to curb the carbon emission. Huge spending on ports infrastructure and a surge in e-commerce are among factors that are leading to an increase in containerization and palletisation Copyright
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Market Dynamics
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Growth Drivers
Growth Barriers
Enhancing Transportation Network
Growing Ecommerce
m a S Technological Advancement
e l p Epidemic of cargo handling equipment accidents
Lack of real-time visibility
General Trend
Highly Complex
Moderately Complex
Waived
Technology Copyright
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Global Cargo Handling Equipment Market Share (%), 2016 & Market Size (USD Billion), By Region,2015 & 2016 Global Global Cargo Cargo Handling Handling Equipment Equipment Market Market Share Share (%) (%) -- By By Region, Region, 2016 2016
Global Global Cargo Cargo Handling Handling Equipment Equipment Market Market Size Size (USD (USD Billion) Billion) -- By By Region, Region, 2015-2016 2015-2016 XX XX
XX%
XX%
e l p XX
XX
XX
XX
XX%
XX%
m a S XX
XX%
XX
XX
North America
Latin America
Source: Goldstein Research
Europe
Asia-Pacific
Middle East & Africa
XX
XX
2015
2016
XX
APAC
North America
Europe
XX XX
XX
Latin America Middle East & Africa
Source: Goldstein Research
 Asia-Pacific is expected to dominate the cargo handling equipment market with a market share of XX% by the end of the forecast period i.e. 2024 owing to the presence of emerging and developed economies such as India, China, Japan, Brazil, Mexico, Africa, Korea and others  North-America cargo handling equipment market is anticipated to expand at a CAGR of XX% during the forecast period i.e. 2016-2024. The revolution of transport connectivity with promising next generation solutions is the major driver to led the North America in cargo handling equipment market. Further, U.S. is expected to dominate the overall North-America market with a market share of XX% by 2024 on the back of spiked export and import activities at ports. Copyright
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XX
Porter’s Five Force Model
Customer can easily switch to substitute products. So substitutes are a threat to your company. When there are actual and potential substitute products available then segment is unattractive. Profits and prices are effected by substitutes so, there is need to closely monitor price trends. In substitute industries, if competition rises or technology modernizes then prices and profits decline.
Bargaining power of suppliers
Supplier Power: LOW
Intensity of competition among the existing competitors in the market. Intensity of rivalry depends on the number of competitors and their capabilities. Industry rivalry is high when: •There are number of small or equal competitors and less when there’s a clear market leader. •Customers have low switching costs •Industry is growing •Exit barriers are high and rivals stay and compete •Fixed cost are high resulting huge production and reduction in prices Copyright
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Barriers to Entry HIGH Availability of huge product portfolio, Presence of major players, M&A
The Barriers to Entry are significantly high which means that it is difficult for outside companies to enter the industry. New entrant is require to offer the innovative and distinguish service or product in order to make place in the competitive space, only such a player tends to establish its market presence and obtain the necessary clearance from regulatory agencies and obtain the profit.
Threat of new entrants
Industry Competitors: HIGH Abbott, Siemens, Roche, Bayers, etc
Bargaining Power of buyers
Buyer Power: HIGH
Threat of substitute products or services
Substitutes: High
The power of Buyers is significantly high and they are able to negotiate for better pricing. However on the supplier side, the power of Suppliers is low as there are multiple supplier for a particular test and these causes, for companies to compete on price when they do not have any point of differentiation.
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