Market research future published a raw research report on Global Material handling equipment market that contains the information from 2017 to 2023. The Material handling equipment market is expected to grow with the CAGR of approximately 7.5% from 2017 to 2023.
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The growth of the material handling equipment market is driven by the increasing importance of the equipment across end-user industries such as aerospace, agriculture and automotive. The material handling equipment helps increase productivity by the improvement of logistics in manufacturing plants, thus aiding the growth of the market. The growth can also be attributed to factors such as the need for transparency across the supply chain, the demand for flexibility in warehousing operations and the growth in automation of the manufacturing processes. However, this growth is expected to be hindered by the high cost of installation and acquisition for the material handling equipment.
The market has been analyzed based on operations, system types, applications and regions. Amongst all operations, transportation is expected to experience a significant growth during the forecast period. The increase in need for automation of industrial transportation process, is fueling the demand of material handling equipment in industries that require extensive transportation and storage of goods such as the e-commerce industry. Further, the use of robotics for improving transportation systems and delivering of high quality products, is driving the use of material handling systems for the purpose of transportation.
Based on applications, the material handling equipment market can be segmented as E-commerce, automotive, food & beverages, metal & heavy machinery and others. Amongst these, the e-commerce segment is expected to witness the highest growth due to the increasing demand of material handling equipment to fulfill the requirements of the customers in terms of accurate, quick and timely delivery of goods and services. The material handling equipment help in the movement of more pallets, per shift and in the reduction of damage to finished goods by proper handling, thereby leading to the growth of the material handling equipment market.
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- Liebherr Group (Switzerland)
- KION Group AG (Germany)
- Jungheinrich AG (Germany)
- Viastore Systems GmbH (Germany)
- Eisenmann AG (Germany)
- Columbus McKinnon Corporation (U.S.)
- Crown Equipment Corporation (U.S.)
- Hytrol Conveyor Co., Inc. (U.S.)
- Xuzhou Heavy Machinery Co., Ltd. (China)
- Toyota Industries Corporation (Japan).
This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global material handling equipment market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.
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