Market Data: Cargo Handling Equipment Electrification - Global Forklift, Airport Ground Support Equipment, and Seaport Cargo Handling Equipment Electrification Forecasts

Global population of cargo handling equipment (CHE) is increasing in all regions as economic growth pushes forward cargo-related markets. As the world relies more on shipping and air transit for commerce, emissions are expected to increase from the seaport CHE, airport ground support equipment (GSE), and forklift markets. Electrification, as well as low emission fuels, will likely be crucial in reducing the environmental impacts of CHE.

The electric CHE market is expected to be propelled forward as a result of favorable cost economics and supportive decarbonization mandates. The price of electric powertrains for CHE can be more costly upfront but lower fuel costs of electricity and reduced maintenance costs and equipment downtime can significantly decrease operating expenses for CHE fleets. Despite favorable market conditions and an uptick in electric CHE volumes, market barriers still exist. Availability of electric equipment for niche and heavy duty use cases is limited and technology issues are a consideration. Finally, use cases that do not allow for much downtime (such as busy seaports) might not have the optimal utilization factors for electrification.

This report provides an outlook on the CHE population and sales for airport GSE, seaport CHE, and Classes 1-5 forklifts. Forecasts are provided for the following global regions: North America, Europe, Organisation for Economic Co operation and Development Asia Pacific, China, the Rest of Asia Pacific, Latin America, India, and the Middle East & Africa. The report provides insights through 2030 and forecasts on a baseline scenario that accounts for all current market conditions, availability, incentives, and emissions/decarbonization standards.

KEY QUESTIONS ADDRESSED:

• How will the growth rates of electric CHE vary by region through 2030?

• How many pieces of electric CHE are expected to be in the market by 2030?

• What are the implications of potential electric CHE market barriers?

• Which key factors are driving growth in the electric CHE market?

• What case studies exist for successful electrification of CHE?

WHO NEEDS THIS REPORT:

• OEM marketing managers
• Vehicle aftermarket and service management
• Seaport operators and port authorities
• Airport GSE fleet operators
• Forklift fleet operations
• Tier One supplier marketing managers
• EV charging equipment marketing managers
• Electric utility management
• State, province, and city urban planners
• Investor community

TABLE OF CONTENTS

1. Executive Summary

• 1.1. Introduction
• 1.2. Scope
• 1.3. Market Forecast

2. Market Issues

• 2.1. Cargo Handling Equipment Vehicle Types
  • 2.1.1. Seaport CHE
  • 2.1.2. Airport GSE
  • 2.1.3. Forklifts

• 2.2. Market Drivers
  • 2.2.1. Decarbonization Policies
  • 2.2.2. Local Air Quality
  • 2.2.3. Cost Economics
    • 2.2.3.1. Incentives
  • 2.2.4. Case Studies
    • 2.2.4.1. Port of Long Beach Electrification
    • 2.2.4.2. Heathrow Airport GSE Electrification

• 2.3. Market Barriers
  • 2.3.1. Availability and Technology Issues
  • 2.3.2. Charging Requirements
    • 2.3.2.1. Utilization Factors

3. Market Forecasts

• 3.1. Scope
• 3.2. Methodology
• 3.3. Global Market Forecasts
  • 3.3.1. Airport GSE
  • 3.3.2. Seaport CHE
  • 3.3.3. Forklifts
• 3.4. Conclusions and Recommendations

4. Acronym and Abbreviation List

5. Table of Contents

6. Table of Charts and Figures

7. Scope of Study, Sources and Methodology, Notes

LIST OF CHARTS AND FIGURES

• Top Pick
• Side Pick
• STS Crane
• RTG Crane
• Tow Tractor
• Belt Loader
• Pushback Tractor
• Container Loader
• Class 1 Forklift
• Class 2 Forklift
• Class 3 Forklift
• Class 4 Forklift
• Class 5 Forklift
• Geographic Dimensions
• On-Dock Yard Tractor
• Electric CHE Sales by Region, World Markets: 2030
• Airport GSE Sales by Region, World Markets: 2021-2030
• Airport Electric GSE Sales by Region, World Markets: 2021-2030
• Seaport CHE Sales by Region, World Markets: 2021-2030
• Seaport Electric CHE Sales by Region, World Markets: 2021-2030
• Forklift Sales by Region, World Markets: 2021-2030
• Electric Forklift Sales by Region, World Markets: 2021-2030

LIST OF TABLES

• Airport GSE Sales by Region, World Markets: 2021-2030
• Airport Electric GSE Sales by Region, World Markets: 2021-2030
• Airport GSE Population by Region, World Markets: 2021-2030
• Airport Electric GSE Population by Region, World Markets: 2021-2030
• Seaport CHE Sales by Region, World Markets: 2021-2030
• Seaport Electric CHE Sales by Region, World Markets: 2021-2030
• Seaport CHE Population by Region, World Markets: 2021-2030
• Seaport Electric CHE Population by Region, World Markets: 2021-2030
• Forklift Sales by Region, World Markets: 2021-2030
• Electric Forklift Sales by Region, World Markets: 2021-2030
• Forklift Population by Region, World Markets: 2021-2030
• Electric Forklift Population by Region, World Markets: 2021-2030
• Summary of Seaport CHE
• Summary of Airport GSE
• Summary of Forklift Equipment
• Sample of CHE Incentives