Port and Material Handling Equipment Vehicle Market

Port and material handling equipment vehicles are used to move materials and cargo between ships, inland transportation terminals, and other loading and unloading facilities. The market is divided into three sections: type (ships, road transport), application (warehouses, factories, and distribution centers), and region (North America, Europe, and Asia Pacific).

Port and material handling equipment vehicles such as tractors, stackers, and lift trucks are used for material handling at maritime ports and production plants. These vehicles are employed to transport goods and materials from one location to another in areas such as warehouses and production plants.

Some of the factors that are expected to drive this market include rising freight volumes, a growing need for efficient logistics solutions, increasing investments in infrastructure, an increase in demand for containerized cargo due to the e-commerce boom, and surging interest in using automation technologies for port operations.

The global port and material handling equipment vehicles market is estimated to be valued at USD XX million in 2018 and is expected to grow at a CAGR of **% between 2019 and 2031. The market is further segmented into uptake by port operators, inland transportation operators, warehousing and logistics operators, as well as end-users.

Some of the key players in this market are Siemens, Konecranes, ABB, Cargotec Corporation, ORBITA, ZPMC, Liebherr, CyberLogitec, IDENTEC Solutions.