The global material handling equipment market is projected to grow at a CAGR of around 5.2% during the forecast period 2019 to 2026 and expected to reach the market value of around US$ 348.6 Billion by 2026.
Material handling equipment is an instrument or a combination of instruments used to facilitate the safety, storage, management of material & products, movement, and retrieval. This equipment is used to manage the movement, storage of goods, and goods in warehouses or manufacturing plants. It increases productivity by enhancing logistics in manufacturing plants. It requires a warehouse for the quick movement of products, prepare orders, locating stocks. It increases optimum utilization of floor space, efficient supply chain, minimization of idle time at manufacturing plant, efficient and smooth inflow and outflow of raw material and goods, cost-efficient, elegant plant blueprints, and precise method for the swift transformation of goods across the manufacturing plant and ware-houses are fueling the growth of global market over the forecast period. In addition, it is a critical intermediary in the manufacturing sector. Although it doesn’t directly contribute to the manufacturing of products, it improves efficiency in handling, sorting, transporting products, and manufacturing. This equipment complements the manufacturing activities by ensuring an immediate, efficient movement of commodities is resulting in the growth of global material handling equipment during the forecast period. Moreover, the increase in infrastructural and industrial activities to accomplish the demand from the rapidly growing population is expected to boost the market growth. Many emerging countries are attracting foreign capital to establish manufacturing and other industries, therefore increasing the manufacturing activities. Even the government all over the globe are growing their infrastructural development to build rail net-works, seaports, airports, power plants, and enhance the current ones. This anticipated to intensify the growth of global material handling equipment in forthcoming years.
By end use, e-commerce segment dominated the material handling equipment market
Based on end use, the market has been segmented into consumer goods & electronic, chemicals, automotive, food & beverages, e-commerce, construction, pharmaceuticals, and others. The e-commerce segment holds a considerable share in the market and are anticipated to grow at a CAGR over the forecast period.
The major factors that are enhancing the growth of this segment are increasing requirement of handling, storing, and movement of material within the manufacturing plant for efficient production and packaging of material is expected to encourage sale of material handling equipment during the forecast period.
Based on equipment type, the crane & lifting segment is expected to dominate during the forecast period
Based on equipment type, the market has been segmented into crane & lifting, industrial trucks, and racking & storage. The crane & lifting segment holds a considerable share in the market over the forecast period.
The major factors that are enhancing the growth of this segment are the increase in mining activities for metals, rising in number of commercial and residential projects which need equipment to lift heavy material or other construction raw materials are accelerating the growth of this segment in the global market during the forecast period.
The market research study on “Material Handling Equipment Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”,offers a detailed insight into the global material handling equipment market entailing insights on its different market segments. Market dynamics with drivers, restraints, and opportunities with their impact are provided in the report. The report provides insights into the global material handling equipment market, its equipment type, operation type, end use, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global material handling equipment market size and volume, and segment markets by equipment type, operation type, end use, and geography along with the information on companies operating in the market. The material handling equipment market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.
In 2018, North America dominated the regional market with a maximum market share
North America hold the high market share of the material handling equipment market and the region is also anticipated to maintain its dominance during the forecast period. Due to presence of huge number of e-commerce industry, rise in demand for non-durable and durable commodities are encouraging manufacturing companies to adopt substantial assembly line and equipment. This is accelerating the growth in global material handling equipment over the forecast period.
Asia Pacific is anticipated to hold the highest CAGR in the global market over the forecast period. The manufacturers are investing in developing countries to meet the growing demand of consumer. Additionally, increase in manufacturing and automotive process units in countries like South Korea, Taiwan, China, increasing production capabilities, adoption of advanced material handling equipment for effective utilization of manufacturing capacities, growing GDP, are anticipated to propelling the market growth in the global material handling equipment market during the forecast.
The players profiled in the report include Eisenmann AG, BeumerMaschinefabrik GmbH, Crown equipment Corporation, Hyster-Yale-Materials Handling, Inc., Hytrol Conveyor Co., Toyota Industries Corporation, Koke Inc., Xuzhou Heavy Machinery Co., Viastore Systems GmbH, Jungheinrich AG, and Jervish B. Webb Company. The companies are involved in mergers and acquisitions and new product development for expanding their market share and also for gaining competitive advantages over its competitors.
Market By Equipment Type
Market By Operation Type
Market By End Use
Market By Geography
Middle East & Africa
The material handling equipment is used to facilitate the safety, storage, management of material & products, movement, and retrieval.
The material handling equipment is used to manage the movement, storage of goods, and goods in warehouses or manufacturing plants.
According to Acumen Research and Consulting, the material handling equipment market size is poised to be worth around US$ 348.6 billion in 2026.
The material handling equipment market is anticipated to grow over 5.2% CAGR during the forecast period 2019 to 2026.
North America held maximum share in 2018 for material handling equipment market.
Asia Pacific is projected to grow at a fast pace during forecast period in the material handling equipment market.
Eisenmann AG, BeumerMaschinefabrik GmbH, Crown equipment Corporation, Hyster-Yale-Materials Handling, Inc., Hytrol Conveyor Co., Toyota Industries Corporation, and Koke Inc. are the top players operating in the material handling equipment market.