Rockville, MD , Sept. 24, 2024 (GLOBE NEWSWIRE) -- Fact.MR, a market research and competitive intelligence provider, through its newly published analysis, reveals that revenue from the Dock Leveler Market is approximated to reach US$ 1.33 billion in 2024 and advance at a CAGR of 5.8% through 2034.
The rise in temperature-controlled warehouses brought about by the growing demand from the food, beverage, and pharmaceutical sectors to preserve the freshness of their products is increasing the requirement for vertical storing dock levelers.
Dock levelers are being used by almost every warehouse to increase productivity and speed up the delivery of all online orders. The increasing regional internet connectivity and rising popularity of online shopping are projected to contribute to the growth of the dock leveler market. Due to the growth in the e-Commerce sector and the increasing internet usage, the market is expanding steadily. Seaports utilize dock levelers because they are generally safe in high-traffic and high-congestion circumstances. Effective operation capabilities of hydraulic levelers in high-use environments are creating prospects for market players around the world.
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Key Takeaways from the Market Study:
- The global market for dock levelers is analyzed to reach a value of US$ 2.33 billion by the end of 2034.
- The United States is evaluated to reach a market valuation of US$ 553.7 million by the end of 2034.
- China is projected to contribute a market share of 52.8% in East Asia in 2024.
- Demand for dock levelers in Japan is estimated to reach US$ 80.9 million in 2024.
- The market in the East Asian region is approximated to advance at 6.6% CAGR through 2034.
- Demand for hydraulics dock levelers is forecasted to reach US$ 1.19 billion by 2034.
“Dock levelers are helping with logistical solutions as a result of the growing e-Commerce businesses across the world, which is also driving market expansion,” says a Fact.MR analyst.
Leading Players Driving Innovation in the Dock Leveler Market
Key players in the dock leveler market are Gandhi Automation Pvt. Ltd., Stertil UK Ltd., PROMStahl GmbH, Hörmann, Blue Giant, Assa Abloy Group, DH Pace Company, Inc., Van Wijk Nederland BV, Metro Dock, Rite-Hite, Pentalift Equipment Corporation, NORDOCK, MHE Demag (S) Pte Ltd., Maini Materials Movement Pvt Ltd., Kopron Spa.
Growing Infrastructural Activities in Near Sea Port Making Japan Strong Market for Dock Levelers:
Japan boasts one of the most sophisticated global logistics networks, comprising a vast network of ports, highways, and railways. Due to the growing infrastructure, which makes shipping reliable and fast, Japan is a desirable site for businesses that need sophisticated loading and unloading equipment, including dock levelers.
The need for sophisticated warehousing solutions is being driven by the explosive growth of e-Commerce platforms in Japan. The massive volumes of items associated with e-Commerce operations need the use of automated and effective dock levelers.
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Country-wise Insights:
Because they can handle a wide variety of objects and adjust to different vehicle heights, dock levelers are in high demand.
In 2024, the United States is projected to hold a 76.2% market share. Online and offline sales channels are being combined by retailers quickly, therefore flexible and efficient logistical solutions are required. Dock levelers are highly sought after since they can handle a variety of objects and adjust to different car heights. Businesses are expanding their distribution networks and optimizing their supply chains, which calls for a higher level of logistics infrastructure.
Installing modern dock levelers, which increase loading and unloading productivity, is one way to do this. Manufacturers may be able to offer smart dock levelers with Internet of Things (IoT) capabilities, automated controls, and communication with warehouse management systems as a result of the trend toward automation in warehousing.
More Valuable Insights on Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the dock leveler market for 2019 to 2023 and forecast statistics for 2024 to 2034.
The study divulges the dock leveler market based on product type (hydraulic, mechanical, air-powered, vertical storing levelers), capacity (up to 10 tons, 10 to 40 tons, above 40 tons), leveling type (top of dock [TOD], edge of dock [EOD], leveler lip, hinged lip, telescopic lip), and operation (conventional, automatic), across seven major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and MEA).
Segmentation of Dock Leveler Market Research:
- By Product Type :
- Hydraulic
- Mechanical
- Air-Powered
- Vertical Storing Levelers
- By Capacity :
- Up to 10 Tons
- 10 to 40 Tons
- Above 40 Tons
- By Leveling Type :
- Top of Dock [TOD]
- Edge of Dock [EOD]
- Leveler Lip
- Hinged Lip
- Telescopic Lip
- By Operation :
- Conventional
- Automatic
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