Port and Material Handling Equipment Vehicle Market to Expand at a CAGR of ~5%

1. Port and Material Handling Equipment Vehicle Market Global Insights on Size, Trends, Key Leaders, COVID-19 Impact Analysis January 12, 2022 The global port and material handling equipment vehicle market is anticipated to • expand at a CAGR of ~5% during the forecast period, owing to the surge in trade activities and rise in globalization of goods production Most countries witnessed increase in exports as a share of gross domestic product • (GDP) in the last decade. Furthermore, there has been an increase in links to global supply chains and sourcing of raw materials. Finished products have become increasingly globalized, and producers in various areas, often-distant areas of the world, are increasingly being forced to compete with one another for the same markets. This trend is leading to more trade of goods across countries, thus, boosting port operations. This, in turn, is propelling the demand for port and material handling equipment vehicles. Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

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3. Stuck in a neck-to-neck competition with other brands? Request a custom report on Port and Material Handling Equipment Vehicle Market Drivers of Port and Material Handling Equipment Vehicle Market Rise in seaborne trade practices across the globe is likely to increase the demand • for material handling equipment, which, in turn, is likely to boost the port and material handling equipment vehicle market across the globe Growing import and export of goods and commodities through seaports due to • different free-trade agreements, such has TPSEP, NAFTA, AFTA, and several others, have helped countries significantly strengthen their economies. This, in turn, is anticipated to boost the port and material handling equipment vehicle market across the globe. Incorporation of autonomous and semi-autonomous systems for port equipment • functions is likely to significantly propel for port and material handling equipment vehicle market across the globe Challenges for Port and Material Handling Equipment Vehicle Market High initial investments and maintenance cost of port and material handling • equipment vehicles are likely to pose a challenge for the port and material handling vehicle market across the globe Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

4. To understand how our report can bring difference to your business strategy, Ask for a brochure Port and Material Handling Equipment Vehicle Market Segmentation The global port and material handling equipment vehicle market has been • segmented based on equipment type, application, propulsion, demand, and region Based on equipment type, upgrade of ports in Asia Pacific, subsequent installation • of new cranes, and upgrade of existing cranes are driving the demand for material handling port cranes. Electrified rubber-tired gantry and automated stacking crane types are also likely to witness higher demand over the next few years. Based on application, container handling was the dominant segment in 2019, owing • to consistent rise in global trade volumes in 2019. The total container throughput of 50 major cargo ports in the world increased by 3.5% year-over-year. Based on propulsion, diesel is a major segment of the port and material handling • equipment market; however, the introduction of the electric and fuel cell-based equipment is estimated to gain market share held by the diesel segment over the next few years, especially in developed regions such as Europe and North America Based on demand, new demand is a major segment, in terms of revenue, of the • port and material handling equipment market. Improvement in vehicle technologies is estimated to contract the MRO and services segment, in terms of revenue, in the near future. Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

5. Port and Material Handling Equipment Vehicle Market: Regional Analysis Based on region, the global port and material handling equipment vehicle market • has been segregated into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa Asia Pacific is projected to be a highly lucrative region of the global port and • material handling equipment vehicle market during the forecast period. India, one of the rapidly expanding markets for port material handling equipment in the region, has introduced ‘Sagarmala’ project to boost sea trade. This is estimated to boost cargo traffic at Indian ports to approximately 2500 MMTPA, while the current cargo handling capacity of Indian ports is only 1500 MMTPA. A roadmap has been prepared to increase port capacity in India to 3300+ MMTPA by 2025 in order to cater to the growing traffic. This includes port operational efficiency improvement, capacity expansion of existing ports, and new port development. While Southeast Asia is projected to witness investments of more than US$ 47 Bn in port development, expansion projects, and planning strategies to address the rising demand and to achieve higher competitiveness through a stronger flow of investments into the transport and logistics segments. China has also been witnessing a surge in trade activity after eased trade policy • between the U.S. and China. According to the statistics released by China Ports and Harbours Association, export container volume increased 11.5%, while inland container volume increased 18.3%, Therefore, Asia Pacific is estimated to be a prominent market for port and material handling equipment vehicles. Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

6. Buy Now- https://www.transparencymarketresearch.com/checkout.php? rep_id=81178&ltype=S Port and Material Handling Equipment Vehicle Market: Competition Landscape Key players operating in the global port and material handling equipment vehicle • market includeKonecranes Liebherr • Shanghai Zhenhua Heavy Industries (ZPMC) • Kalmar • Hyster • Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD