QY Research has released a new report, titled “Global Loading Dock Equipment Market Research Report 2019”, which provides crucial information about the elements that are impacting and driving the sales of the loading dock equipment market. The report also analyzed the changing trends in the market. It contains detailed information for the readers about the direction the market has been taking in recent years and how it will going to take shape in the future. —
As per the report, the global loading dock equipment market will touch a valuation of US$748.35 mn by 2025 from US$585.80 mn in 2018. The market is expected to register a CAGR of 3.56% during the forecast period.
Global Loading Dock Equipment Market: Drivers and Restraints
The loading dock equipment is mainly designed to ensure the safety of the workers and loading products. It consists of many types of equipment such as lightening equipment, security equipment, and gap bridging equipment. Lightening equipment is used to spotlight the working area and for the communication between the person on the dock and the truck driver. Security equipment is mainly used to secure trailer, shipping container to roll or shift away during the unloading and loading processes. Gap bridging equipment is used to fill the gap between the vehicles and the dock. A growing need for efficient working conditions and their safety at the warehouses and docking area is likely to drive the market for loading dock equipment during the forecast period.
However, the high cost of investment and maintenance of the loading dock equipment will hamper the growth of the market in the coming years.
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Global Loading Dock Equipment Market: Segment Analysis
The global market for loading dock equipment is segmented into application and product type. The application segment includes ports, logistics & warehouse, and others. The product type segment includes hydraulic, mechanical, and others.
Global Loading Dock Equipment Market: Regional Outlook
Asia Pacific will witness significant growth in the loading dock equipment market due to increasing automotive and construction industries in emerging economies such as India and China. North America will also grow the market for loading dock equipment due to the increasing awareness related to workers safety and security. Europe is also expected to drive the loading dock equipment market because of stringent government regulations for material handling and the growing transportation and automotive sector in this region. The rising number of trade and warehouses will further drive the Middle East and Africa region.
Global Loading Dock Equipment Market: Key Players
Nani Verladetechnik, Assa Abloy, Gandhi Automation, Hormann, Maini Materials Movement, Rite-Hite, Armo, Entrematic, BUTT, Systems,LLC, MHE Demag, Alutech, Inkema, Stertil Dock, Pentalift, PROMStahl, Blue Giant, Van Wijk Nederland, and Loading Systems are the leading manufacturers that are operating in the global market for loading dock equipment.
Global Loading Dock Equipment Market: Competitive Landscape
The report offers an in-depth competitive study with the use of Porter’s Five Force model and SWOT analysis. Recent trends and developments have also been highlighted to explain the future market scenario of the global market for loading dock equipment in complete detail and clarity.
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Release ID: 88912359