Cargo Handling Equipment Market

By Product;

Trucks, Man Lifts, Rail Pushers, Electric Pallet Jacks, Excavators, Tractors, Bulldozers, and Side Picks

By Propulsion Type;

Internal Combustion Engine, Electric, Hybrid, Manual, and Hydraulic

By Load Capacity;

Light Duty, Medium Duty, Heavy Duty, and Extra Heavy Duty

By Application;

Air Cargo, Marine Cargo, and Land Cargo

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn807136371 Published Date: August, 2025 Updated Date: September, 2025

Cargo Handling Equipment Market Overview

Cargo Handling Equipment Market (USD Million)

Cargo Handling Equipment Market was valued at USD 27,037.23 million in the year 2024. The size of this market is expected to increase to USD 35,102.95 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of x.x%


Cargo Handling Equipment Market

*Market size in USD million

CAGR 3.8 %


Study Period2025 - 2031
Base Year2024
CAGR (%)3.8 %
Market Size (2024)USD 27,037.23 Million
Market Size (2031)USD 35,102.95 Million
Market ConcentrationHigh
Report Pages386
27,037.23
2024
35,102.95
2031

Major Players

  • Toyota Industries Corporation
  • Konecranes
  • Cargotec Corporation
  • Liebherr Group
  • Hyster-Yale Materials Handling Inc.
  • Jungheinrich AG
  • Terex Corporation
  • Anhui Heli Co. Ltd.
  • SANY Group
  • Mitsubishi Forklift Trucks

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Cargo Handling Equipment Market

Fragmented - Highly competitive market without dominant players


The Cargo Handling Equipment Market is growing consistently as global trade and logistics continue to accelerate. More than 59% of logistics hubs now depend on advanced handling systems to maintain smooth operations. By boosting efficiency, improving safety measures, and supporting reliable cargo flow, these solutions have become indispensable in supply chain management.

Integration of Smart Handling Technologies
The rise of automated systems and intelligent handling solutions is transforming this sector. Around 46% of warehouses and ports utilize these technologies to optimize performance and minimize errors. Their role in delivering speed, better accuracy, and seamless supply chain management is driving strong adoption worldwide.

Productivity Gains with Modern Equipment
Over 55% of cargo operations report higher productivity levels with the adoption of advanced handling equipment. These systems reduce manual work, strengthen worker safety, and allow quicker cargo processing. The consistent focus on efficiency is fueling their demand across multiple industries.

Innovation Strengthening Market Growth
Advancements in electric and hybrid handling systems make up nearly 39% of newly launched solutions. These technologies improve energy savings, deliver higher operational efficiency, and support sustainability goals. The pace of technological progress continues to expand opportunities for market growth.

Positive Outlook with Supportive Policies
Strong government support, growing infrastructure spending, and industry-wide modernization are contributing to market expansion. More than 44% of structured logistics programs actively promote the use of advanced cargo handling solutions. With rising investments, regulatory backing, and continuous innovation, the market outlook remains highly promising.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Propulsion Type
    3. Market Snapshot, By Load Capacity
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. Cargo Handling Equipment Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growth in International Trade
        2. Technological Advancements
        3. Infrastructure Development
      2. Restraints
        1. Operational Challenges
        2. Regulatory Compliance
        3. Labour Concerns
      3. Opportunities
        1. Emerging Markets
        2. Last-Mile Delivery Solutions
        3. Green Technologies
        4. Customization and After-Sales Services
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Cargo Handling Equipment Market, By Product, 2021 - 2031 (USD Million)
      1. Trucks
      2. Man Lifts
      3. Rail Pushers
      4. Electric Pallet Jacks
      5. Excavators
      6. Tractors
      7. Bulldozers
      8. Side Picks
    2. Cargo Handling Equipment Market, By Propulsion Type, 2021 - 2031 (USD Million)
      1. Internal Combustion Engine
      2. Electric
      3. Hybrid
      4. Manual
      5. Hydraulic
    3. Cargo Handling Equipment Market, By Load Capacity, 2021 - 2031 (USD Million)
      1. Light Duty
      2. Medium Duty
      3. Heavy Duty
      4. Extra Heavy Duty
    4. Cargo Handling Equipment Market, By Application, 2021 - 2031 (USD Million)
      1. Air Cargo
      2. Marine Cargo
      3. Land Cargo
    5. Cargo Handling Equipment Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Toyota Industries Corporation
      2. Konecranes
      3. Cargotec Corporation
      4. Liebherr Group
      5. Hyster-Yale Materials Handling Inc.
      6. Jungheinrich AG
      7. Terex Corporation
      8. Anhui Heli Co. Ltd.
      9. SANY Group
      10. Mitsubishi Forklift Trucks
  7. Analyst Views
  8. Future Outlook of the Market