The global demand for Material Handling Equipment Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Material handling equipment deals with the handling, storage, control, and protection of material throughout the process of manufacturing, distribution, consumption and disposal. Thisequipments are categorised into four: transport equipment, positioning equipment, unit load formation equipment, and storage equipment. The application of this equipment facilitates the increased efficiency of production as well as offers, maximize usage of space.
Expansion of the global logistics industry with an increase in the world population and economic growth is promoting the growth of the market. Rising need for higher logistics prompted mainly by the growth of e-commerce transactions, labour shortages and soaring labour costs. The rapid growth rate of electric lift trucks is a major highlight of the market. Growing preference for products with high energy savings and low environmental impact is fuelling the demand for electrically driven material handling equipment. However, the high capital cost of material handling equipment remains major restrain for market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of Material Handling Equipment.
The entire Material Handling Equipment market has been sub-categorized into type and end-user. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Storage & Handling Equipment
- Industrial Trucks
- Bulk Material Handling Equipment
This section covers regional segmentation which accentuates on current and future demand for Material Handling Equipment market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Material Handling Equipment Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Material Handling Equipment market include BEUMER Group, Intelligrated Systems Inc., Kion Group AG, Toyota Industries Corporation, and Murata Machinery Ltd. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.