How big is the Cargo Handling Equipment Market | Demand, Growth & Innovation 2025

Q: How big is the cargo handling equipment market?

The market was estimated at USD 24 billion in 2024 and is projected to reach USD 35 billion by 2031.

Q: What is the growth rate of the cargo handling equipment market?

The market is expected to grow at a CAGR of 7.5% during the forecast period 2025–2031.

Q: What are the key drivers of market growth?

Trade volume increase, port automation, and demand for electric equipment are main growth drivers.

Q: Who are the major players in the cargo handling equipment market?

Konecranes, Kalmar, Hyster-Yale, Toyota Industries, and JBT Corporation are among the major players.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA5728

Publication Date: Jul 2025

What is the size of the Cargo Handling Equipment Market?

According to 6Wresearch internal database and industry insights, the cargo handling equipment market was estimated at USD 24 billion in 2024 and is projected to reach USD 35 billion by 2031, growing at a CAGR of 7.5% during the forecast period 2025–2031.

Due to several factors including the expanding global trade, modernization of port and airport infrastructure, and increasing automation in logistics, the cargo handling equipment market is predicted for the consistent growth.

Key Growth Drivers of the Cargo Handling Equipment Market

Increasing global trade and container traffic
Automation and electrification in ports and terminals
Growth in air cargo and e-commerce shipments
Government investments in logistics and infrastructure development
Rising demand for efficient and safe material handling solutions

Cargo Handling Equipment Market Trends

Cargo handling equipment market is growing over the years with numbers of trends which include electric and hybrid-powered cargo handling equipment to meet emission norms and sustainability goals. Further, the automation, IoT-based fleet management, and remote diagnostics are becoming standard features in next-gen equipment. Furthermore, telematics integration is improving operational efficiency and maintenance scheduling. The focus of manufacturers is emphasizing on modular equipment design for flexibility across multiple cargo types.

Emerging Developments in the Cargo Handling Equipment Market

Cargo handling equipment is undergoing for the transformation with rising adoption of autonomous vehicles, smart sensors, and predictive maintenance technologies. Electrification of heavy equipment is gaining traction across ports and intermodal terminals. AI-powered logistics platforms are improving equipment allocation and turnaround times. Strategic collaborations between OEMs and port authorities are accelerating the deployment of digital handling systems.