Cargo Handling Equipment Market: Key Highlights
Cargo Handling Equipment Market: Key Market Dynamics
Cargo Handling Equipment Market: Regional Overview
The growth in the Asia-Pacific region is attributed to the increasing industrial production and increasing air cargo and seaborne trade. The increasing emission regulations have led to advancements in cargo handling equipment for using hybrid and electric equipment in this region. According to International Air Transport Association (IATA), in 2019 Asia-Pacific region accounts for the global largest share of 35% in the cargo market.
In Europe, the increasing investment in technological advancements in cargo handling equipment and the growing trend of the e-commerce industry is boosting the demand for cargo handling equipment market growth. Moreover, the European Union has prompted cargo equipment manufacturers to offer fuel-efficient equipment with lower emissions which have increased the demand for cargo handling equipment.
Cargo Handling Equipment Market: Key Players Overview
Cargotec Corporation manufactures cargo-handling machinery for ports, terminals, ships, and local distribution. The company provides on-road load-handling solutions, the design, delivery, and servicing of marine cargo flow solutions. In December 2019, Cargotec‘s Navis a part of Cargotec Corporation to acquire the assets of Jade Logistics, a provider of the Master Terminal TOS for mixed cargo terminals. This acquisition will help to manage advance general cargo terminal operations software and services for Navis’ global customer base.
Konecranes manufactures cranes and other lifting equipment. The Company products serve the ports and intermodal, light manufacturing, and energy industries.
In January 2017, the company and Terex Corporation acquired the Mitsubishi Hitachi Power Systems (MHPS) business for improving Konecranes’ position in the industrial lifting and port solutions market.
About Forencis Research
Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of market research reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets.
Our robust research methodology is designed to constantly map the high growth markets in various industries. This facilitates enhanced decision-making capabilities to our clients. Our robust research methodology is designed to constantly map the high growth markets in various industries. This facilitates enhanced decision-making capabilities to our clients. We strive to help our clients to foray into uncharted space to attain increased revenue growth for the present as well as the future.
Phone: +1 (720) 306 9020