Material Handling Equipment Market Analysis, Size, Growth, Share, Outlook & Forecast to 2025
The global material handling equipment market size is expected to reach USD 41.18 billion by 2025, at a CAGR of 6.8% over the forecast period according to a study conducted by Grand View Research, Inc. Rising growth of e-commerce industry, rapid industrialization, and automation in manufacturing sector are some of the factors expected to positively impact the growth. Rising penetration of advanced technologies such as Artificial Intelligence (AI), Radio Frequency Identification (RFID), and Internet of Things (IoT), among others is also anticipated to power the market growth. For instance, in April 2016, Hyster-Yale Materials Handling, Inc., announced the launch of Yale AWARE. Yale A-WARE is a location-based truck performance control solution that uses RFID tags to control speed and monitor lifts and acceleration restrictions. These RFID tags are deployed in warehouse storage aisles, which are read by a RFID sensor mounted on the truck. The sensor reads the tag and triggers the pre-defined lift and speed settings at which the truck can operate. Materials handling equipment are extensively used in several manufacturing industries, such as automotive, food and beverage, and pharmaceutical. For instance, chemical industries usually face inefficient or disorganized storage. This issue can be resolved with storage and handling systems that are highly specific or customized toward the load. Furthermore, the growing disposable income coupled with rising penetration of internet has made online shopping convenient. This has urged the need to set up more warehouses, which would indirectly spur the material handling equipment sales across the ecommerce industry.
Browse Details of Report @ https://www.grandviewresearch.com/industry-
analysis/materials-handling-equipment-market Furthermore, these equipment are also used in warehouses for managing the storage and transportation of good and products. It improves productivity by enhancing logistics at warehouses and manufacturing plants. These products offer cost-effective, process efficient, and an accurate method for the swift transition of goods across the manufacturing plants and warehouses, thereby driving the market growth. However, high initial costs and real-time technical challenges coupled with lack of awareness are some of the challenges affecting the growth. Material Handling Equipment Market Report Highlights
The industrial trucks segment accounted for a significant market share in 2018. However, automated storage and retrieval systems are anticipated to witness the highest growth over the forecast period. This is accredited to the varied uses of automated solutions across several applications such as conveyor systems, robotic delivery systems, and automated guided vehicles to speed up the task to be carried out
Additionally, benefits such as enhanced work efficiency and reduced human efforts are some of the major factors expected to augment the sales of automated storage and retrieval systems over the forecast period
Europe held a market share of over 30.0% in terms of revenue in 2018. However, Asia Pacific is anticipated to witness significant growth over the forecast period, attributed to the rising industrial and infrastructural activities in developing countries such as India and Japan. Additionally, growing ecommerce industry is also expected to spur product sales
The material handling equipment market is highly consolidated and characterized by high competition with the presence of major global players such as BEUMER Group; Intelligrated Systems Inc.; Kion Group AG; Toyota Industries Corporation; and Murata Machinery Ltd.; among others. These players engaged in mergers and acquisitions and collaborations or partnerships to enhance their market presence and to expand their product portfolio
Material Handling Equipment Market Segmentation Grand View Research has segmented the global material handling equipment market based on product, end use, and region: Material Handling Equipment Product Outlook (Revenue, USD Billion, 2014 - 2025)
Storage and Handling Equipment
Automated Storage and Retrieval System
Industrial Trucks
Bulk Material Handling Equipment
Others
Get Sample Copy of Report @ https://www.grandviewresearch.com/industryanalysis/materials-handling-equipment-market/request/rs1 Material Handling Equipment End Use Outlook (Revenue, USD Billion, 2014 - 2025)
Automotive
Food & Beverages
Chemical
Semiconductor & Electronics
E-Commerce
Aviation
Pharmaceutical
Others
Material Handling Equipment Regional Outlook (Revenue, USD Billion, 2014 - 2025)
North America
o
U.S.
o
Canada
Europe o
U.K.
o
Germany
o
France
Asia Pacific o
China
o
India
o
Japan
o
South East Asia
o
Australia
Latin America o
Brazil
o
Mexico
Middle East & Africa o
Saudi Arabia
o
United Arab Emirates (UAE)
o
South Africa
Table of Contents Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumptions 1.3. List of Data Sources 1.4. List of Abbreviations Chapter 2. Executive Summary 2.1. Material Handling Equipment Market - Industry Snapshot & Key Buying Criteria, 2014 - 2025 2.2. Material Handling Equipment Market, 2014 - 2025 Chapter 3. Material Handling Equipment Industry Outlook 3.1. Market Segmentation 3.2. Value Chain Analysis 3.3. Market Dynamics 3.3.1. Market driver analysis 3.3.2. Market restraint analysis 3.3.3. Market opportunity analysis 3.4. Penetration & Growth Prospects Mapping 3.5. Industry Analysis - Porter's Five Force Analysis 3.6. PESTEL Analysis Continue………
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