Material handling equipment is the equipment that is used for the movement, protection, storage, retrieval, and control of goods and products. Material handling equipment is widely used in warehouses and manufacturing industries for the transportation of goods & products. The material handling equipment improves productivity by ensuring the smooth and efficient transportation of goods, thereby, growing demand for this equipment across the world. The rapid growth in the retail and e-commerce sector attributed the demand for automated operation in the warehouses and distribution sectors, which increasing the demand for the material handling equipment. This factor is expected to boom the growth of the material handling equipment market in the coming years.
MARKET DYNAMICS
Increasing demand for automation and modernization in manufacturing processes, expansion of the automotive, aviation, and e-commerce industry are some of the major factors driving the global material handling equipment market growth. Rising demand for handling, managing, storing, and transporting goods effectively and easily are also influence the growth of the material handling equipment market. However, high operational and maintenance costs associated with the material handling equipment are expected to hamper the market growth. Furthermore, the increasing need for flexible, reliable, and automated solutions for material handling to improve operations & productivity is expected to open lucrative growth opportunities for the key player of the material handling equipment market.
MARKET SCOPE
The "Global Material Handling Equipment Market Analysis to 2028"? is a specialized and in-depth study of the material handling equipment industry with a special focus on the global market trend analysis. The report aims to provide an overview material handling equipment market with detailed market segmentation as product, end-user, and geography. The global material handling equipment market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading material handling equipment market players and offers key trends and opportunities in the material handling equipment market.
MARKET SEGMENTATION
The global material handling equipment market is segmented on the basis of product, end-user. On the basis of product the market is segmented as storage and handling equipment, industrial trucks, bulk material handling equipment, automated storage and retrieval system (ASRS), others. On the basis of end-user the market is segmented as manufacturing, automotive, aerospace, food and beverage, retail and e-commerce, pharmaceutical, chemical, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global material handling equipment market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The material handling equipment market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting material handling equipment market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the material handling equipment market in these regions.
MARKET PLAYERS
The reports cover key developments in the material handling equipment market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Material handling equipment market are anticipated to lucrative growth opportunities in the future with the rising demand for material handling equipment in the global market. Below mentioned is the list of few companies engaged in the material handling equipment market.
The report also includes the profiles of key material handling equipment companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- BEUMER Group
- Daifuku Co., Ltd.
- Hyster-Yale Materials Handling, Inc.
- JBT Corporation
- Jungheinrich AG
- Kion Group AG
- KUKA AG
- Murata Machinery Ltd.
- SSI Schaefer AG
- Toyota Industries Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.