Global Loading Dock Equipment market will reach 748.35 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/8/26

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.

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.

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https://www.qyresearch.com/index/detail/1233896/global-loading-dock-equipment-market
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