The Port & Material Handling Equipment Vehicle Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Port & Material Handling Equipment Vehicle Market?
The Port & Material Handling Equipment Vehicle Global Market displayed significant growth in recent years. The market value escalated from $22.99 billion in 2024 up to $24.41 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.2%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Port & Material Handling Equipment Vehicle Industry?
The Port & Material Handling Equipment Vehicle Global Market is projected to reach $30.38 billion in 2029, with a compound annual growth rate (CAGR) of 5.6%.
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What are the Key Growth Drivers Fueling the Port & Material Handling Equipment Vehicle Market?
The key drivers in the port & material handling equipment vehicle market are:
• Adoption of autonomous vehicles in the port and material handling sector
• Growth and development within the renewable energy industry
• Utilization and implementation of smart ports and digital transformation strategies
• Customizations being made for specific cargo types and the development of green ports.
Global Market Segmentation: Identifying Major Port & Material Handling Equipment Vehicle Industry Segments
The port & material handling equipment vehicle market covered in this report is segmented –
1) By Equipment Type: Tug Boats, Cranes, Shiploaders, Reach Stackers, Mooring Systems, Automated Guided Vehicles (AGVs), Forklift Trucks, Container Lift Trucks, Terminal Tractors, Other Equipment By Propulsion: Diesel, Gasoline, Electric/Battery, Other Propulsion
2) By Demand: New Demand, MRO(Maintenance, Repair, And Overhaul Or Services)
3) By Application: Container Handling, Ship Handling, Services, Storage Handling, Automated Storage Handling, Bulk Material Handling, Other Application
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What are the Emerging Trends Shaping the Future of the Port & Material Handling Equipment Vehicle Market?
The key trends in the port & material handling equipment vehicle market are:
• The adoption of autonomous vehicles in port operations is an emerging trend.
• Growth in renewable energy sector is contributing to changes in material handling equipment.
• There is an increasing trend towards developing smart ports and digital transformations.
• Adoption of artificial intelligence for port operations and material handling is a significant upcoming trend.
Who Are the Top Competitors & Leading Players in the Port & Material Handling Equipment Vehicle Market?
Major companies in the port & material handling equipment vehicle market are:
• American Crane & Equipment Corporation,
• Anhui Heli Co Ltd.,
• Cavotec SA,
• CVS Ferrari SPA,
• Hyster-Yale Materials Handling Inc.,
• Cargotec Corporation,
• Konecranes Oyj,
• Liebherr Group,
• Shanghai Zhenhua Heavy Industries Co Ltd,
• SANY Group,
• TIL limited,
• Timars Svets & Smide Ab,
• FAMUR FAMAK SA,
• McNally Bharat Engineering Company Ltd.,
• Kalmar Global,
• Terberg Terberg Special Vehicles,
• Seacom,
• Forkliftcenter,
• Mantsinen,
• Toyota Industries Corporation,
• Hyundai Heavy Industries Co. Ltd.,
• Manitou Group,
• Komatsu Ltd.,
• J.C. Bamford Excavators Limited.,
• Doosan Corporation,
• Volvo Construction Equipment,
• Caterpillar Inc.,
• Hitachi Construction Machinery Co. Ltd.,
• TTS Group
Regional Dominance: Which Area Leads the Global Port & Material Handling Equipment Vehicle Market?
The countries covered in the port & material handling equipment vehicle market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
