Cargo Handling Equipment Market – Increasing Mechanization of Marine Ports Is Expected to Spur the Demand for Cargo Handling Equipment Industry

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.cargo-handling-equipment-market-by-geography

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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.

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We have considered bulldozers, cranes, electric pallet jacks, excavators, forklifts, loaders, man lifts, rail pushers,...