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(USGovernment-News.Com, October 06, 2018 ) According to Goldstein Research, global cargo handling equipment market size is expected to reach USD 89.4 billion by 2024, from an estimated market size of USD 62.5 billion in 2025, growing at a CAGR of 4.4% over the forecast period 2016-2024. The growing global trade due to e-commerce industry in the developed as well as developing countries tends to drive the growth of global cargo handling equipment market. The global air cargo traffic is growing at an average growth rate of 4.1% annually. Global cargo handling equipment market segmentation has been done on the basis of product, location, and geography. Cargo handling trucks and tractors have highest demand & supply all over the world and thus acquires the largest market share of 54.0% n 2015.
Geographically, global cargo handling equipment industry is dominated by the Asia Pacific region with a market share of +36.0%, growing at a rate of 4.2% annually. APAC is followed by North America & Europe with a market share of 35.0% & 28.0% in 2016.
“Global Cargo Handling Equipment Market Outlook 2024” contains a detailed overview of the global cargo handling equipment market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by product, location, and geography.
Major players of the Global Cargo Handling Equipment Market included in the report are:
ABB Group, Pioneer Corporation, Liebherr Group, Kalmar Global, Toyota Industries Corporation, Hyundai Heavy Industries, Seehafen Wismar GmbH, Terex Corporation, JBT Corporation, Johnson Taylor Forklifts, KonecranesPlc, etc. The report discusses company profiling including their financial report analysis, revenue distribution by regions and business segment, recent developments in the company, company business strategies, and other information of the company to provide a business outlook.
Further, Global Cargo Handling Equipment Industry Analysis Report highlights the comprehensive analysis of market dynamics i.e. market risk analysis, challenges, opportunities, growth drivers, BPS analysis, market attractiveness, PESTLE analysis, SWOT analysis, and Porter’s five force model. The report analyzes the global cargo handling equipment market opportunities, trends and market forecast to help the technology providers, new entrants, existing players, and other stakeholders to build business strategies based on the future market trends, analyzed on the basis of market statistics such as market size, market share, market growth rate, trade (import & export) and demand & supply of the industry.
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