Pune, India, Jan. 17, 2022 (GLOBE NEWSWIRE) -- The global material handling equipment market size was USD 197.48 billion in 2020. The market is projected to grow from USD 206.50 billion in 2021 to USD 300.21 billion in 2028 at a CAGR of 5.5% during the 2021-2028 period.
This information is provided by Fortune Business Insights™ in its report titled “Material Handling Equipment Market, 2021-2028.”
According to our research experts, the global material handling machinery market is observing growth accredited to the aspects such as increasing demand for proficient movement of materials across factory units, constantly growing infrastructural happenings and predisposition of the company towards elevating the prevailing collection of these machineries.
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List of Key Players Covered in the Market Report
- Liebherr Group (Bulle, Switzerland)
- The Manitowoc Company, Inc. (Wisconsin, U.S.)
- BEUMER GROUP (Beckum, Germany)
- Columbus McKinnon Corporation (New York, U.S.)
- KION GROUP AG (Frankfurt, Germany)
- TOYOTA INDUSTRIES CORPORATION. (Aichi, Japan)
- Eisenmann SE (Böblingen, Germany)
- Crown Equipment Corporation (Ohio, U.S.)
- Daifuku Co., Ltd. (Osaka, Japan)
- Hyster-Yale Materials Handling, Inc. (Ohio, U.S.)
- SSI Schaefer (Neunkirchen, Germany)
- Hytrol Conveyor Company, Inc. (Jonesboro, U.S.)
- Bastian Solutions, LLC (Indianapolis, U.S.)
- Clark (Lexington, U.S.)
- Columbus McKinnon Corporation (Getzville, U.S.)
- Dematic (Atlanta, U.S.)
- JBT (Chicago, U.S.)
- Vanderlande Industries B.V. (Veghel, The Netherlands)
- Viastore (Stuttgart, Germany)
- Godrej Group (Mumbai, India)
Report Scope & Segmentation
| Report Coverage | Details |
| Forecast Period | 2021 to 2028 |
| Forecast Period 2021 to 2028 CAGR | 5.5% |
| 2028 Value Projection | USD 300.21 Billion |
| Base Year | 2020 |
| Market Size in 2020 | USD 197.48 Billion |
| Historical Data for | 2017 to 2019 |
| No. of Pages | 140 |
| Segments covered | Equipment Type, Operations, Industry and Geography |
| Growth Drivers | Growing E-commerce Sector to Boost Market Growth |
| Asia Pacific to Lead Market Share Led by Expanding Automotive and Manufacturing Sector | |
| Prime Players Emphasize on Expansion Tactics to Fortify Market Foothold |
COVID-19 Impact
Industrial Sector Confronts Primary Supply Chain Commotion amid COVID-19 Pandemic
The extensive impacts of COVID-19 are still resulting in indeterminate development projections, quickly developing financial consequences, and elevated unemployment rates across the globe. The limitations on the movement of the people and goods have interrupted the complete supply chain systems. Additionally, the declined foreign direct funds have adversely affected the industrial, automotive, 3PL logistics, food & beverages and others sectors worldwide.
To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/industry-reports/material-handling-equipment-market-101501
Report Coverage
The report provides in-depth analysis to provide the estimated size of the market. The data used to predict the shares of multiple segments at the regional and global levels is acquired through interviews with industry professionals. Furthermore, we have gained access to several global and regional paid databases to deliver precise information to make business investment decisions easy for you.
Segmentation
On the basis of equipment type, the market is segregated into cranes & lifting equipment, industrial trucks, continuous handling equipment, and racking & storage equipment. The industrial trucks considered in the study involves, forklift trucks, telescopic handler forklifts and others. The segment is projected to display a substantial growth in the upcoming years.
Based on operations segment, the market is classified into assembly, distribution, transportation, and others.
In terms of industry, the market is divided into consumer goods & electronics, automotive, food & beverages, pharmaceutical, construction, mining, semiconductors, and others.
Geographically, the market is branched into North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. They are further categorized into countries.
Drivers and Restraints
Growing E-commerce Sector to Boost Market Growth
The material handling industry is greatly powered by increasing E-commerce sector across the world. Owing to the growing online shopping, the material handling industry is concentrating on emerging tailored equipment and systems lining up with storerooms and supply chain networks.
This comprises manufacturing engineered systems, distantly noticeable transport automobiles, and smart warehousing systems to measure real-time reflectiveness and refined consumer services. This is anticipated to spur the material handling equipment market growth during the forecast period.
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Regional Insights
Asia Pacific to Lead Market Share Led by Expanding Automotive and Manufacturing Sector
Asia Pacific is anticipated to dominate the global material handling equipment market share in the forecast period by capturing the highest CAGR. The market growth is accredited to the rising demand for automotive and manufacturing equipment.
North America is projected to exhibit a considerable growth owing to the rising sales in the region through e-commerce industry.
Europe is estimated to confront a reasonable growth during the predicted period. This can be credited to aspects such as the increasing e-commerce industry, along with the implementation of robotic automation in manufacturing units in automotive and other industries.
Competitive Landscape
Prime Players Emphasize on Expansion Tactics to Fortify Market Foothold
Manufacturers are concentrating on implementing several marketing tactics such as collaboration, and merger and procurement with other logistics solution businesses to obtain a substantial position in terms of complete forte.
Industry Development
March, 2021: Liebherr Group delivered a material handler ‘LH 60 M Port Litronic’ to Aarekies Brienz AG, which is headquartered in Brienz, Switzerland. By using the product, the corporation is capable to proficiently administer the general cargo and bulk products.
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Major Table of Contents:
- Introduction
- Definition, By Segment
- Research Methodology/Approach
- Data Sources
- Executive Summary
- Market Dynamics
- Macro and Micro Economic Indicators
- Drivers, Restraints, Opportunities and Trends
- Impact of COVID-19 on Material Handling Equipment Market
- Short-term Impact
- Long-term Impact
- Competition Landscape
- Business Strategies Adopted by Key Players
- Consolidated SWOT Analysis of Key Players
- Porter’s Five Forces Analysis
- Global Material Handling Equipment Market Share Analysis and Matrix, 2020
- Key Market Insights and Strategic Recommendations
- Profiles of Key Players (Would be provided for 10 players only)
- 6.1. Overview
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-
- Key Management
- Headquarters etc.
- Offerings/Business Segments
- Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
- Employee Size
- Past and Current Revenue
- Geographical Share
- Business Segment Share
- Recent Developments
-
- Primary Interview Responses
- Annexure / Appendix
- Global Material Handling Equipment Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
- By Equipment Type (USD Bn)
- Cranes & lifting equipment
- Industrial Trucks
- Continuous Handling Equipment
- Racking & Storage Equipment
- By Operations (USD Bn)
- Assembly
- Distribution
- Transportation
- Others
- By Industry (USD Bn)
- Consumer Goods & Electronics
- Automotive
- Food & Beverages
- Pharmaceutical
- Construction
- Mining
- Semiconductors
- Others (Aviation, Chemicals)
- By Region (USD Bn)
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
- By Equipment Type (USD Bn)
- North America Material Handling Equipment Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
- By Equipment Type (USD Bn)
- Cranes & lifting equipment
- Industrial Trucks
- Continuous Handling Equipment
- Racking & Storage Equipment
- By Operations (USD Bn)
- Assembly
- Distribution
- Transportation
- Others
- By Industry (USD Bn)
- Consumer Goods & Electronics
- Automotive
- Food & Beverages
- Pharmaceutical
- Construction
- Mining
- Semiconductors
- Others (Aviation, Chemicals)
- By Equipment Type (USD Bn)
- Global Material Handling Equipment Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
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