According to a new market report published by Credence Research Inc “Cargo Handling Equipment Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023,” the global cargo handling equipment market is expected to witness considerable growth with increasing marine and air traffic. Emerging nations such as India, China, Brazil and Russia are increasingly investing in new air and marine port construction. Moreover, cargo operators are investing in advanced technology equipment to reduce loading and unloading time and improve their operating efficiency.
In addition, stringent fuel emission and consumption regulation in the U.S. and Europe are replacing the diesel based equipment with electric and hybrid equipment. In addition, rising burden from increasing traffic at marine and air ports is also expected to spur the demand for cargo handling equipment. Increasing awareness about electrification of cargo operations among cargo equipment operators and service provides is also predicted to support the market growth through the forecast period 2016 – 2023. High initial investment required to install advanced cargo handling equipment is limiting the growth of electric and hybrid equipment particularly in Asia Pacific.
On the basis of application, we have classified cargo handling equipment used at marine ports, air ports and rail yards. Marine is the most common mode for the multinational cargo transportation and represents the largest application segment. However, air port is predicted to witness fastest growth with increasing air traffic and number of air ports globally.
Browse Full Report At: http://www.credenceresearch.com/report/cargo-handling-equipment-market
We have considered bulldozers, cranes, electric pallet jacks, excavators, forklifts, loaders, man lifts, rail pushers, reach stackers, RTG cranes, side picks, sweepers, top handlers, tractors and trucks to estimate the market size of overall cargo handling equipment market. Forklift is the largest product category in terms of volume consumption. Increasing demand for electric RTG cranes due to stringent emission regulation is expected to support the growth of cargo handling equipment market.
The global cargo handling equipment industry is highly competitive and comprises large number of recognized players. Manufacturers are focusing on to develop technology advanced equipment to match stringent fuel efficiency regulations and end users operating efficiency demand. Some major players in the global cargo handling equipment industry include MacGregor, The Liebherr Group, Konecranes Plc, Seehafen Wismar GmbH, Johnson Taylor Forklifts, Terex Corporation, Kalmar Global, ABB Group, JBT Corporation, Toyota Forklifts and others.
Industrial Weighing Equipment Market By Application (Industrial Manufacturing, Transportation & Logistics, Chemical Processing, Food & Beverages, Metal & Mining, Waste Recycling) – Growth, Share, Opportunities & Competitive Analysis, 2016 – 2023
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Who we are
Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.
Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.
Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.
What we do
We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.
No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.
Web: Credence Research
Company Name: Credence Research
Contact Person: Chris Smith, Global Sales Manager
Address:105 N 1st ST #429
City: SAN JOSE
Country: United States
Syndicated from GetNews
This post has been seen 89 times.