Cargo Handling Equipment Vehicle Market - Global Industry, Analysis, Share, Growth, Outlook 2026
Added: (Mon Jan 21 2019)
Pressbox (Press Release) -
According to a new report published by Transparency Market Research, the cargo handling equipment vehicle market will record robust growth rising automation & increasing trading policies across the country. The report titled, “Cargo Handling Equipment Vehicle Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026,” anticipates that the global market will grow significant during the forecast period.
Cargo handling equipment vehicle are mechanical equipment vehicle that are used for material handling at ports, in industries and production plants. They are used to transport goods and material from one location to another. Cargo handling equipment vehicle varies according to cargo type. Cargo handling equipment vehicle are employed widely in marines and railways for the transportation of heavy goods, containers, and components. Cargo handling equipment vehicle generally comprises cranes, container handlers, yard tractors, forklifts, and bulk handling equipment vehicle, which includes tractors, excavators, loaders, backhoes, and dozers.
Rapid transition and transformation of numerous industry and surging trade policies among countries have raised the demand for cargo handling equipment vehicle. Development and expansion of the auto industry and rising automation in order to fulfill the demand for freight service are major factors that are likely to boost the cargo handling equipment vehicle market during the forecast period. However, higher initial investments and maintenance cost of cargo handling equipment vehicle are projected to hamper the market during the forecast period.
The report has segmented the global cargo handling equipment vehicle market based on propulsion, type, application, and region. In terms of propulsion, the cargo handling equipment vehicle market is split into diesel, electric, and hybrid. In terms of propulsion, the diesel segment accounts for a prominent share of the market. However, electric is a highly lucrative segment of the market owing to increase in emission norms and regulations.
Based on type, the cargo handling equipment vehicle market is bifurcated into RTG, forklift trucks, conveyor, automated guided vehicle, loader, crane, and others. The RTG segment holds a major share of the market owing to extensive usage on sea ports for intermodal operation. The segment is anticipated to expand at a significant growth rate and is likely to remain prominent during the forecast period. RTG are efficient mobile equipment vehicle that offer low operating cost and lower noise.
For more information on Cargo Handling Equipment Vehicle Market, please visit Transparency Market Research.
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