By Equipment Types (aviation dollies, stacker, pallet jack, loaders, conveyor system, automated guided vehicle, forklift trucks, cranes, rubber-tired gantry cranes, straddle carriers, reach stackers and terminal tractors) By Application (Air, Marine, and Land) and By Key Countries (the United States and Canada)
Product Code: ETC054296 | Publication Date: Mar 2021 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | North America Cargo Handling Equipment Market |
Forecast Period | 2025-2031 |
Market Size | USD 14.4 billion by 2031 |
CAGR | 5.1% |
Growing Sector | Logistics and port sectors |
North America Cargo Handling Equipment Market report thoroughly covers the market by equipment, by application, and countries. 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.
North America Cargo Handling Equipment Market Size is expected to reach at USD 14.4 billion by 2031, at a CAGR of 5.1%. This growth is primarily driven by the ongoing evolution of automation, the increase in e-commerce, and the demand for streamlined logistics operations. Forklifts and pallet jacks, which are essential for moving goods within warehouses and distribution centers, continue to be among the most widely used cargo handling equipment, maintaining a significant share of the market.
North America Cargo Handling Equipment Industry is highly diverse, catering to various industries such as logistics, manufacturing, aviation, and marine. It encompasses a broad range of equipment types, including cranes, forklifts, rubber-tired gantry cranes, reach stackers, and automated systems. The aviation sector plays a key role in the market, where specialized cargo handling equipment like aviation dollies, loaders, and pallet jacks are widely used in airports and air freight facilities. These tools enable the efficient handling of cargo during the loading and unloading processes. Meanwhile, the demand for automated guided vehicles (AGVs) is surging as businesses look to reduce the reliance on manual labor and increase productivity in warehouses and distribution centers.
According to 6Wresearch, the North America Cargo Handling Equipment Market is anticipated to grow at a CAGR of 5.1% during the forecast period 2025-2031. The growth is set to experience consistent growth, driven by technological advancements, the growth of e-commerce, and increasing demand for efficient logistics solutions. Among the different types of equipment, automated systems, such as automated guided vehicles (AGVs) and robotic cranes, are among the fastest-growing segments due to their ability to reduce human intervention, increase efficiency, and lower operational costs. AGVs, in particular, are becoming increasingly popular in warehouses, manufacturing plants, and distribution centers due to their ability to transport materials autonomously. Forklifts and conveyor systems are also growing steadily, as they are integral to daily operations in warehouses and ports. Meanwhile, the construction of new ports, airports, and logistics facilities, especially in the United States and Canada, is expected to further drive demand for cargo handling equipment.
Despite its positive growth trajectory, the North America Cargo Handling Equipment Industry faces challenges. One of the primary challenges is the high cost of automation and smart cargo handling equipment, such as AGVs and robotic cranes. The initial investment in these technologies can be a significant barrier for smaller businesses, even though they may offer long-term cost savings. Additionally, the complexity of integrating these advanced systems into existing infrastructure can be a challenge for companies. Another challenge is the need for skilled labor to operate and maintain advanced cargo handling equipment, particularly automated systems. As the demand for highly skilled workers increases, businesses must invest in training and workforce development to ensure safe and efficient operations.
Several notable trends are shaping the North America Cargo Handling Equipment Industry, including the rise of automation, IoT integration, and the increasing demand for energy-efficient equipment. Automation continues to be a major trend, with more companies in the logistics and warehouse sectors adopting AGVs, conveyor systems, and robotic solutions to improve operational efficiency and reduce labor costs. IoT-enabled equipment, which provides real-time monitoring, tracking, and predictive maintenance capabilities, is also becoming more prevalent. This trend is driven by the need for improved inventory management, faster order fulfillment, and the ability to predict and mitigate equipment downtime. Furthermore, energy-efficient cargo handling equipment, including electric forklifts and eco-friendly cranes, is gaining popularity as businesses seek to reduce their carbon footprint and comply with increasingly stringent environmental regulations.
Investment opportunities in the North America Cargo Handling Equipment Market are abundant, particularly within the automation and robotics sectors. Automated guided vehicles (AGVs) and robotic cranes represent the most promising growth areas due to the ongoing demand for improved operational efficiency and reduced labor costs in warehouses, distribution centers, and ports. The increasing adoption of IoT technology also presents a significant opportunity for investment, as businesses seek smarter equipment capable of real-time tracking, predictive maintenance, and remote monitoring.
Furthermore, as the construction of new logistics facilities and ports continues across the United States and Canada, there will be continued demand for traditional cargo handling equipment such as forklifts, cranes, and pallet jacks. The rise in e-commerce also creates opportunities for manufacturers to develop equipment tailored to the specific needs of e-commerce logistics, such as fast-moving conveyor systems and automated sorting machines.
Leading players in the North America Cargo Handling Equipment Market includes Toyota Industries Corporation, Konecranes, Jungheinrich AG, The Liebherr Group, and Terex Corporation. Toyota Industries is a prominent player, particularly in the forklift segment, offering a wide range of electric and internal combustion forklifts that cater to different industries. Konecranes, a key player in the crane segment, provides specialized lifting solutions for ports, logistics, and manufacturing operations. Jungheinrich AG is a leader in warehouse automation and logistics solutions, offering a wide range of electric trucks, AGVs, and automated systems. Liebherr and Terex Corporation are major players in the crane and loader segments, providing heavy-duty equipment for port and terminal operations. These companies are continuously innovating and expanding their portfolios to meet the evolving needs of the cargo handling industry, with a focus on automation, energy efficiency, and IoT integration.
North American cargo handling equipment market growth is influenced by various government regulations, particularly in the areas of safety standards, emissions control, and labor laws. Regulatory bodies such as the Occupational Safety and Health Administration (OSHA) in the United States set stringent safety standards for equipment used in warehouses, ports, and other material handling facilities. These regulations ensure that equipment meets safety requirements to prevent accidents and injuries. Furthermore, environmental regulations, such as those set by the Environmental Protection Agency (EPA), are pushing for more energy-efficient and low-emission cargo handling equipment. This has led to the growing adoption of electric-powered forklifts and eco-friendly cranes. Additionally, labor regulations related to workforce safety, training, and operating procedures are essential factors that businesses must comply with when deploying new equipment.
The future of the North America Cargo Handling Equipment Industry looks promising, with continued growth expected in automation and advanced logistics solutions. As e-commerce expands, the demand for faster, more efficient material handling processes will continue to rise, driving the adoption of automated systems like AGVs and robotic cranes. IoT-enabled equipment will also play a crucial role in improving operational efficiency, offering real-time monitoring and predictive maintenance capabilities. The increasing focus on sustainability will accelerate the shift towards electric and energy-efficient equipment, with businesses striving to meet environmental regulations and reduce their carbon footprint. Furthermore, the construction of new infrastructure, including ports and warehouses, will continue to drive demand for cargo handling equipment, particularly in high-demand sectors such as retail and manufacturing.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Shubhamdeep, Senior Research Analyst, 6Wresearch, the Automated guided vehicles (AGVs) and conveyor systems are driving growth in this market as businesses prioritize automation to reduce labor costs and increase operational efficiency. Additionally, forklifts, cranes, and pallet jacks remain essential in the daily operations of warehouses and ports, maintaining steady growth within the sector.
The logistics and port sectors are the largest applications for cargo handling equipment, driven by the need to move and transport goods efficiently. The rise of e-commerce has further bolstered demand for efficient material handling solutions in warehouses and distribution centers.
The United States is the leading country in the North American Cargo Handling Equipment Market, accounting for the largest share due to the presence of numerous logistics companies, large warehouses, and international airports. Canada is also witnessing steady growth, driven by industrial expansion and a strong logistics infrastructure.
The report offers a comprehensive study of the subsequent 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. North America Cargo Handling Equipment Market Overview |
3.1. North America Cargo Handling Equipment Market Revenues, 2021-2031F |
3.2. North America Cargo Handling Equipment Market Revenue Share, By Equipment Types, 2021 & 2031F |
3.3. North America Cargo Handling Equipment Market Revenue Share, By Application, 2021 & 2031F |
3.4. North America Cargo Handling Equipment Market Revenue Share, By Propulsion, 2021 & 2031F |
3.5. North America Cargo Handling Equipment Market Revenue Share, By Countries, 2021 & 2031F |
3.6. North America Cargo Handling Equipment Market Industry Life Cycle |
3.7. North America Cargo Handling Equipment Market- Porter’s Five Forces |
4. North America Cargo Handling Equipment Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. North America Cargo Handling Equipment Market Trends |
6. North America Cargo Handling Equipment Market Overview, By Propulsion |
6.1. North America Cargo Handling Equipment Market Revenues, By Diesel, 2021-2031F |
6.2. North America Cargo Handling Equipment Market Revenues, By Electric, 2021-2031F |
6.3. North America Cargo Handling Equipment Market Revenues, By Others, 2021-2031F |
7. North America Cargo Handling Equipment Market Overview, By Equipment Types |
7.1. North America Cargo Handling Equipment Market Revenues, By Aviation Dollies, 2021-2031F |
7.2. North America Cargo Handling Equipment Market Revenues, By Stacker, 2021-2031F |
7.3. North America Cargo Handling Equipment Market Revenues, By Pallet Jack, 2021-2031F |
7.4. North America Cargo Handling Equipment Market Revenues, By Loaders, 2021-2031F |
7.5. North America Cargo Handling Equipment Market Revenues, By Conveyor System, 2021-2031F |
7.6. North America Cargo Handling Equipment Market Revenues, By Automated Guided Vehicle, 2021-2031F |
7.7. North America Cargo Handling Equipment Market Revenues, By Forklift Trucks, 2021-2031F |
7.8. North America Cargo Handling Equipment Market Revenues, By Cranes, 2021-2031F |
7.9. North America Cargo Handling Equipment Market Revenues, By Rubber-tired Gantry Cranes, 2021-2031F |
7.10. North America Cargo Handling Equipment Market Revenues, By Straddle Carriers, 2021-2031F |
7.11. North America Cargo Handling Equipment Market Revenues, By Reach Stackers, 2021-2031F |
7.12. North America Cargo Handling Equipment Market Revenues, By Terminal Tractors, 2021-2031F |
8. North America Cargo Handling Equipment Market Overview, By Application |
8.1. North America Cargo Handling Equipment Market Revenues, By Marine, 2021-2031F |
8.2. North America Cargo Handling Equipment Market Revenues, By Air, 2021-2031F |
8.3. North America Cargo Handling Equipment Market Revenues, By Land, 2021-2031F |
9. United States Cargo Handling Equipment Market Overview |
9.1. United States Cargo Handling Equipment Market Revenues, 2021-2031F |
9.2. United States Cargo Handling Equipment Market Revenue Share, By Propulsion, 2021 & 2031F |
9.3. United States Cargo Handling Equipment Market Revenue Share, By Equipment Types, 2021 & 2031F |
9.4. United States Cargo Handling Equipment Market Revenue Share, By Application, 2021 & 2031F |
9.5. United States Cargo Handling Equipment Market Revenue Share, By Regions, 2021 & 2031F |
10. Canada Cargo Handling Equipment Market Overview |
10.1. Canada Cargo Handling Equipment Market Revenues, 2021-2031F |
10.2. Canada Cargo Handling Equipment Market Revenue Share, By Propulsion, 2021 & 2031F |
10.3. Canada Cargo Handling Equipment Market Revenue Share, By Equipment Types, 2021 & 2031F |
10.4. Canada Cargo Handling Equipment Market Revenue Share, By Application, 2021 & 2031F |
10.5. Canada Cargo Handling Equipment Market Revenue Share, By Regions, 2021 & 2031F |
11. North America Cargo Handling Equipment Market Competitive Landscape |
11.1. North America Cargo Handling Equipment Market, By Companies, 2024 |
11.2. Mexico Cargo Handling Equipment Market, By Companies, 2024 |
11.3. United States Cargo Handling Equipment Market, By Companies, 2024 |
11.4. Canada Cargo Handling Equipment Market, By Companies, 2024 |
12. Company Profiles |
13. Key Strategic Recommendations |