Global Material Handling Equipment Market is valued approximately at USD 26.3 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 7.40% over the forecast period 2021-2027. Growing trend of automation in material handling equipment are fueling growth in the market. Rising growth of e-commerce industry, new product launches and development of public infrastructure such as airports, seaports, rail networks and others are injecting growth in material handling equipment market. According to Digitalcommerce360, e-commerce sales in United States is expected to increase from USD 193.62 billion in 2020 to USD 211.7 billion in 2021. Also, according to India Brand Equity Foundation report of September 2021, Airport Authority of India (AAI) is planning to invest USD 3.58 billion in next five years to augment facilities and infrastructure at airports. Additionally, in July 2019, Godrej Material Handling expanded its product portfolio by launching Godrej RenTRUST equipment that provides solutions to its customers encompassing manpower, fuel, machine and maintenance. Furthermore, huge initial investment and high maintenance cost may hinder the growth in coming years. However, Technological advancements and introduction of lightweight equipment are expected to inject growth in near future in the market.
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Europe is dominating the world market in terms of revenue among Asia Pacific, North America, Europe, Latin America, and Rest of the World, owing to growing adoption of advanced products to support large-scale industrial presence in the region. Whereas, Asia Pacific is expected to show significant growth rate during forecast period, due to rapidly growing manufacturing sector in the region.
Major market player included in this report are:
Beumer Group
Daifuku Co., Ltd.
Honeywell International Inc.
Kion Group AG
Mecalux, S.A
Murata Machinery Ltd.
SSI Schaefer AG
Swisslog Holding AG
Toyota Material Handling Group
Vanderlande Industries B.V
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Storage and Handling Equipment
Automated Storage and Retrieval System
Industrial Trucks
Bulk Material Handling Equipment
Others
By End-use:
Automotive
Food & Beverages
Chemical
Semiconductor & Electronics
E-Commerce
Aviation
Pharmaceutical
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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