Market Forecast By Propulsion (Diesel, Electric, Others), By Application (Air, Marine, Land), By Equipment Type (Aviation dollies, Stacker, Pallet jack, Loaders, Conveyor system, Automated guided vehicle, Forklift Trucks, Cranes, Rubber-Tired Gantry Cranes, Straddle Carriers, Reach Stackers, Terminal Tractors) And Competitive Landscape
Product Code: ETC002718 | Publication Date: Jun 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Algeria Cargo Handling Equipment market currently, in 2023, has witnessed an HHI of 9205, Which has increased slightly as compared to the HHI of 4635 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Algeria Cargo Handling Equipment Market report thoroughly covers the market by Equipment Types, Propulsion, and Applications. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Algeria Cargo Handling Equipment Market has shown growth in the past years. This is driven by the growing economy of the country, increasing trade activities, government initiatives, and advancements in technology. The cargo handling market in Algeria is expected to grow further in the coming years.
According to 6Wresearch, the Algeria Cargo Handling Equipment Market size is expected to grow at a significant CAGR of 6% during 2025-2031. One of the major drivers for the market is the growing trade activities in Algeria. The economy of the country is increasing steadily leading to industrialization and foreign investments. This led to the increasing demand for cargo handling equipment to support the growing industry. Moreover, the government initiatives to improve the country's logistics and transportation infrastructure have further boosted the demand for cargo handling equipment in the market. Furthermore, advancements in technology have improved the efficiency and productivity of cargo handling equipment, hence boosting market growth.
One of the major challenges faced by the Algeria cargo handling equipment market is the shortage of skilled manpower proficient in operating modern equipment. The lack of proper infrastructure and facilities at ports and airports in Algeria poses a challenge to the smooth functioning of cargo handling equipment. Moreover, the high maintenance costs are challenging for companies, especially for small and medium enterprises.
The Algeria cargo handling equipment market is highly competitive, with a few major players dominating the market. Some of the key players in the market are Konecranes, Liebherr Group, TLD Group, Hyster-Yale Materials Handling, Inc., Toyota Material Handling International, Kalmar Global, Cargotec Corporation, JBT Corporation, Terex Corporation, and Sany Heavy Industry Co., Ltd. These companies have a strong presence in the Algerian market and offer a wide range of cargo handling equipment such as forklifts, cranes, reach stackers, and terminal tractors.
One initiative is the National Transport Plan, which aims to strengthen the infrastructure and services related to transportation. Additionally, the Algerian government has established special economic zones (SEZs) that offer tax incentives and benefits to companies operating in these zones. Moreover, the government has also implemented policies to promote local manufacturing of cargo handling equipment. Furthermore, the Algerian government has signed various trade agreements with other countries, which have opened up new markets for Algerian businesses. This has led to an increase in export activities, thereby driving the demand for cargo handling equipment.
The Algerian cargo handling equipment market is expected to witness significant growth in the coming years, driven by factors such as increasing trade activities, infrastructure development, and government initiatives. The country's strategic location as a gateway between Africa and Europe makes it a crucial player in international trade, resulting in a high demand for efficient cargo-handling solutions. The rise of e-commerce and digitalization has also led to an increase in air freight traffic, which further fuels the need for advanced cargo handling equipment. Additionally, with Algeria's focus on sustainability and reducing its carbon footprint, there is growing demand for eco-friendly and energy-efficient equipment in the market.
According to Ravi Bhandari, Research Head, 6Wresearch, forklift trucks segment is growing in the Algeria cargo handling equipment market due to their versatility, efficiency, and ease of use and are widely used in various industries such as manufacturing, warehousing, and logistics to move heavy loads over short distances.
In terms of propulsion, the electric segment is experiencing significant growth due to its eco-friendliness, cost-effectiveness and rising concerns about environmental sustainability.
Based on the applications, the air segment dominates the market due to the growth of the aviation industry and the increasing air cargo traffic in Algeria.
The report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Algeria Cargo Handling Equipment Market Overview |
3.1 Algeria Cargo Handling Equipment Market Revenues and Volume, 2021-2031F |
3.2 Algeria Cargo Handling Equipment Market Revenue Share, By Equipment Types, 2021 & 2031F |
3.3 Algeria Cargo Handling Equipment Market Revenue Share, By Propulsion, 2021 & 2031F |
3.4 Algeria Cargo Handling Equipment Market Revenue Share, By Application, 2021 & 2031F |
3.5 Algeria Cargo Handling Equipment Market - Industry Life Cycle |
3.6 Algeria Cargo Handling Equipment Market - Porterโs Five Forces |
4. Algeria Cargo Handling Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Algeria Cargo Handling Equipment Market Trends |
6. Algeria Cargo Handling Equipment Market Overview, by Propulsion |
6.1 Algeria Diesel Cargo Handling Equipment Market Revenues and Volume, 2021-2031F |
6.2 Algeria Electric Cargo Handling Equipment Market Revenues and Volume, 2021-2031F |
6.3 Algeria Others Cargo Handling Equipment Market Revenues and Volume, 2021-2031F |
7. Algeria Cargo Handling Equipment Market Overview, by Equipment Type |
7.1 Algeria Cargo Handling Equipment Market Revenue and Volumes, By Aviation dollies, 2021-2031F |
7.2 Algeria Cargo Handling Equipment Market Revenue and Volumes, By Stacker, 2021-2031F |
7.3 Algeria Cargo Handling Equipment Market Revenue and Volumes, By Pallet jack, 2021-2031F |
7.4 Algeria Cargo Handling Equipment Market Revenue and Volumes, By Loaders, 2021-2031F |
7.5 Algeria Cargo Handling Equipment Market Revenue and Volumes, By Conveyor system, 2021-2031F |
7.6 Algeria Cargo Handling Equipment Market Revenue and Volumes, By Automated guided vehicle, 2021-2031F |
7.7 Algeria Cargo Handling Equipment Market Revenue and Volumes, By Forklift Trucks, 2021-2031F |
7.8 Algeria Cargo Handling Equipment Market Revenue and Volumes, By Cranes, 2021-2031F |
7.9 Algeria Cargo Handling Equipment Market Revenue and Volumes, By Rubber-Tired Gantry Cranes, 2021-2031F |
7.10 Algeria Cargo Handling Equipment Market Revenue and Volumes, By Straddle Carriers, 2021-2031F |
7.11 Algeria Cargo Handling Equipment Market Revenue and Volumes, By Reach Stackers, 2021-2031F |
7.12 Algeria Cargo Handling Equipment Market Revenue and Volumes, By Terminal Tractors, 2021-2031F |
8. Algeria Cargo Handling Equipment Market Overview, by Application |
8.1 Algeria Cargo Handling Equipment Market Revenue and Volumes, By Air, 2021-2031F |
8.2 Algeria Cargo Handling Equipment Market Revenue and Volumes, By Marine, 2021-2031F |
8.3 Algeria Cargo Handling Equipment Market Revenue and Volumes, By Land, 2021-2031F |
7.2 Algeria Cargo Handling Equipment Market Revenue and Volumes, By Counter Top, 2021-2031F |
8. Algeria Cargo Handling Equipment Market Overview, by Application |
8.1 Algeria Cargo Handling Equipment Market Revenue and Volumes, By Commercial, 2021-2031F |
8.2 Algeria Cargo Handling Equipment Market Revenue and Volumes, By Household, 2021-2031F |
9. Algeria Cargo Handling Equipment Market Key Performance Indicators |
10. Algeria Cargo Handling Equipment Market Opportunity Assessment |
10.1 Algeria Cargo Handling Equipment Market Opportunity Assessment, By Types, 2031F |
10.2 Algeria Cargo Handling Equipment Market Opportunity Assessment, By Propulsion, 2031F |
10.3 Algeria Cargo Handling Equipment Market Opportunity Assessment, By Application, 2031F |
11. Algeria Cargo Handling Equipment Market Competitive Landscape |
11.1 Algeria Cargo Handling Equipment Market By Companies, 2024 |
11.2 Algeria Cargo Handling Equipment Market Competitive Benchmarking, By Operating Parameters |
12. Company Profiles |
13. Key Strategic Recommendations |
14. Disclaimer |