Port and Material Handling Equipment Vehicle Market: Scope And Opportunities Analysis 2020 – 2030
Port and Material Handling Equipment Vehicle Market: Introduction According to the report, the global port and material handling equipment vehicle market is projected to reach US$ 9.7 Bn by 2030, expanding at a CAGR of ~5% during the forecast period. Growing number of seaports and size of ships is affecting the port industry, in particular the container port segment. The participation of the private sector in container port operations in particular through public–private partnerships are fueling high competition among the port operators and rising performance levels. This is driving the need for new port handling infrastructure. Expansion of Port and Material Handling Equipment Vehicle Market Trade across the globe has grown significantly over the last two decades thereby transforming the global economy. Today, about one-fourth of total global goods produced are exported. eCommerce is a major reason for growing cross-border trade and therefore,...