The Global Material
Handling Equipment Market research report interprets
definition, an investigation of significant progress in the industry. It
provides overall industry survey, product description, wide array of
applications, top players, and development forecast. It enhances understanding
about that market along with new business trends.
The global material
handling equipment market size is anticipated to reach $41.1 billion by 2025.
The market is projected to witness the high growth owing to the increasing
manufacturing activities in the pharmaceuticals, chemical, food & beverages
and automotive industries paired with safety concerns over the workplace.
Moreover, a technological development like robotic arms, escalators,
automation, etc. started an evolution in the industries which efficiently
perform tasks with error free and time & cost saving manufacturing
processes, may fuel the market growth.
The increasing demand for
retrieval systems and automated storage in pharmaceutical, food &
beverages, chemical, and automotive industries are expected to be a key driving
factor of the market growth due to the adoption of equipment by manufacturers in
warehouses as well as the distribution & production centers.
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Main features of the report:
·
To provide
detailed analysis of the market structure along with forecast of the various
segments and sub-segments of the global Material Handling Equipment Market.
·
A complete
backdrop analysis, which includes an assessment of the parent market
·
Important
changes in market dynamics
·
Market
segmentation up to the second or third level
·
To provide
country level analysis of the market for segment by application, product type
and sub-segments.
·
To provide
strategic profiling of key players in the market, comprehensively analyzing
their core competencies, and drawing a competitive landscape for the market.
·
Track and
analyze competitive developments such as joint ventures, strategic alliances,
mergers and acquisitions, new product developments, and research and developments
in the global Material Handling Equipment Market.
·
Emerging
niche segments and regional markets
·
An
objective assessment of the trajectory of the industry.
The product handling
equipment reduces the cost as well as the risk of damaging a product due to
manual transportation and processing activities. Trucks are the dominating
segment of handling equipment and had the highest market share in 2015.
However, retrieval systems & automated storage is likely to acquire
significant market share over the forecast period owing to increased adoption
of the automation systems across the APAC.
End-use Insights
The e-commerce industry is
anticipated to persist as a leading and fastest growing segment of the end-use
due to the rising adoption of material handling equipment for storage &
transportation purpose in a warehouse. These mechanical products used for the movement
of goods, storage, tracking products, organization of orders and protection of
material. Thus, they reinforce the operational capability, handle warehouse
activities efficiently, and streamline the supply chain.
The flourishing e-commerce
and manufacturing industries like textile, chemical, automotive, food &
beverage, and pharmaceutical inducing a demand for warehousing the goods for
managing and storing purposes. Thus, material handling systems act as a key
factor in managing external and internal manufacturing/warehousing operations.
They are widely used in the automotive industry owing to lessen the labor
intensity, improved production activities, and timely delivery of goods or
material.
Regional Insights
Europe is one of the dominating
regions with a significant market share in 2015 and estimated over 35% of the
sector share. However, APAC is expected to grow at a CAGR of over 7% making the
region a fastest growing market in the forecast period. The increase in the
manufacturing facilities, paired with the expansion of the e-commerce and
industrial sector in APAC, is likely to drive the material handling equipment
market in the region. Moreover, the mounting importance of safety at a
workplace in manufacturing and chemical industries is projected to increase the
demand in the forecast period.
The rapid global
development of e-commerce and industrialization are projected to boost the
demand for the market in warehouses. Moreover, Middle East, Africa and Latin
America are anticipated to make massive investments in the material handling
equipment market.
Competitive Insights
The market is highly
competitive with the existence of major players and small vendors supplying a
broad range of the equipment. Furthermore, the industry is witnessing joint
ventures or acquisitions. For instance, in 2015, SSI Schaefer acquired MoTuM NV
and included Automated Guided Vehicles (AGV) in its product portfolio.
Additionally, manufacturers
are adopting automation to sustain in the market. At present, the sector is
dominated by global players, like SSI Schaefer, Daifuku, Murata Machinery Ltd.,
Kion Group (Dematic), Mecalux S.A., and Vanderlande Industries B.V.
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