Global Material handling equipment market outlook, regional growth & industry share by 2024

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A detailed analysis of the Material Handling Equipment Market is entailed in this research report. The driving forces responsible for propelling the growth graph of this vertical in addition to the regional and competitive trends are mentioned in the study. A comprehensive document comprising details about vital parameters such as the industry ecosystem analysis, market segmentation, and the vendor matrix, the Material Handling Equipment Market report also contains information on the pivotal industry insights for core players to look out for.

Product analysis:

Product segmentation: The report claims that the Product landscape of the Material Handling Equipment Market is subdivided into –

• Storage & Handling Equipment
• Industrial Trucks
• Bulk Material Handling Equipment
• Robotics
• Automated Storage & Retrieval System (AS/RS)

Important pointers encompassed pertaining to the Product spectrum:

• Major details about the Product spectrum are provided in the report.
• The study elaborates on the remuneration forecast of each of the Product categories by the end of the anticipated duration.
• The market share which each of the Product segments account are mentioned in the study.
• Also, the most proliferating trends that the Product spectrum is characterized by are also entailed.

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The robotics segment in the material handling equipment market is expected to witness significant CAGR of over 8% to reach over USD 20 billion by 2024 owing to the demand for high-performance robotic systems across various industry verticals. Robots facilitate easy and fast pick & place of material thereby ensuring accuracy and eliminating human involvement. The rising awareness about the advantages of automated systems globally will fuel the demand for robots across industries. Extensive R&D undertaken in the field of robotics & AI in countries including Japan and China is expected to fuel the material handling equipment market over the forecast period. The incorporation of machine learning capabilities in the robots to increase productivity with predictive maintenance further contributes to the industry demand.

Application analysis:

Application segmentation: The report states the Application landscape of the Material Handling Equipment Market to be split into –

• 3PL,
• E-Commerce,
• Durable Manufacturing,
• Food & Beverage,
• General Merchandise,
• Food Retail

Important pointers encompassed pertaining to the Application spectrum:

• Substantial details about the Application spectrum are provided in the report.
• The study mentions about the valuation estimate of each of the Application categories in detail, by the end of the forecast period.
• The market share that each of the Application segments account are mentioned in the study.
• The trends that the Application landscape is defined by are also contained in the report.

The expanding 3PL sector globally is expected to witness a CAGR of over 6% in the material handling equipment market. The increasing complexity of supply chains is compelling businesses to turn towards 3PL service providers to ensure smooth and efficient operations. 3PL service providers are focusing on real-time systems for enhanced visibility. Furthermore, the flourishing durable manufacturing sector in countries including India and China is providing impetus to the market. The growing durable manufacturing industry adopting the latest technologies for production in countries including France and Germany will surge the demand for the equipment.

Regional analysis:

Regional segmentation: The report claims that the Regional landscape of the Material Handling Equipment Market is subdivided into –

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Important pointers encompassed pertaining to the Regional spectrum:

• The report encompasses major details about the Regional spectrum.
• The target valuation that each of the sub-segments of the Regional landscape will procure by the end of the anticipate period are mentioned in the report.
• The market share that these sub-segments held are also entailed in the study.
• The global trends that define the Regional landscape are discussed in the report.

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Key vendors in the material handling equipment market comprise Hyster-Yale Materials Handling, Inc., KUKA AG, Kion Group AG, JBT Corporation, Flexlink, Intelligrated, Inc., Dematic GmbH & Co., KG., Columbus McKinnon, and Daifuku Co., Ltd. Companies are trying to launch new solutions and expand the product portfolio. The industry is characterized by strategic acquisitions and collaborations with technology providers to offer enhanced solutions. Players are stressing on manufacturing solutions that cater to specific industry demands and complying with the standards and regulations operating in the industry. Increasing investments in the R&D of new automation solutions will contribute to industry growth.

The Material Handling Equipment Market research report presents significant information on the methodology deployed to conceptualize the study in question, by means of various primary and secondary sources. The scope of the report and the elements contained in the same with respect to the growth spectrum of the Material Handling Equipment Market has been discussed in the study. Also mentioned in the document are details pertaining to the financial data of the companies profiled in the report, in addition to the currently prevalent price trends of the Material Handling Equipment Market.

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