Mechanical systems that are used for storage, control, and protection of goods in the process of industrial manufacturing are termed as material handling machinery. Positioning equipment, transport equipment, storage equipment, and unit load formation equipment are the major four categories of material handling machines. Material handling machinery helps in cost cutting, improves quality at workplace, and aims at reducing the waste generation. These material handling machineries operates in intricate environment without any human labor.
Increasing demand for automated solutions in several industries and upsurge in ecommerce industry are the major driving factors for the growth of material handling machinery market. Moreover, the growing focus towards labor safety is also one of the factors augmenting the growth of material handling machinery. However, increased equipment and maintenance cost is the major restraining factors for the market. Also, the increase in steel prices and lack of skilled labor hampers the market growth for material handling machinery. Nevertheless, the increasing demand for personalized automated guided vehicle (AGV) provides major growth opportunities for manufacturers of material handling machinery.
Market Classification and Overview
The material handling machinery market is bifurcated on the basis of product type, end-use industry, and geography. The different product type of material handling machinery includes cranes & monorails, industrial trucks & lifts, conveying equipment, hoist, and automated material handling equipment. Automated material handling equipment segment is projected to witness highest growth during the forecast period owing to the mounting investments by manufacturers in this segment. Agriculture, aerospace, air cargo, building and construction, automotive, warehousing, industrial machinery, electrical & electronic, equipment, postal/express delivery, shipping industry, and others are the major end-use industries for material handling machinery usage. Aerospace, and building & construction are the largest markets for material handling machinery.
The market for material handling machinery is segmented into regions such as North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa (MEA). Asia-Pacific was the major contributors to the growth of material handling machinery market in 2015, owing to the upsurge in demand from various end-use industries. Europe was the second biggest market followed by North America. The market for material handling machinery in Asia-Pacific is further projected to witness highest growth in coming years owing to rapid industrialization and growth in infrastructural activities in the region. The North American market for material handling machinery is likely to grow at a significant rate owing to the increase in demand from industrial machinery, and shipping industry.
Material Handling Machinery Market
2015 – 2026
2015 – 2016
2018 – 2026
Product Type, End-Use Industry, Geography
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)
Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,
Player Profiling, Value Chain Analysis
Liebherr Group, Jungheinrich AG, Kion Group AG, WITRON Logistik + Informatik GmbH, Viastore Systems GmbH, Beumer Maschinenfabrik GmbH, Eisenmann SE, Jervis B. Webb Company, Crown Equipment Corporation, Columbus McKinnon, Hyster-Yale Materials Handling, Inc., The Manitowoc Company, Inc., Hytrol Conveyor Co., Inc., and Toyota Industries Corporation are some of the key players engaged in manufacturing material handling machinery.
Market By Product Type
· Cranes & Monorails
· Industrial Trucks & Lifts
· Conveying Equipment
· Automated Material Handling Equipment
Market By End-Use Industry
· Air Cargo
· Building and Construction
· Industrial Machinery
· Electrical & Electronic
· Postal/Express Delivery
· Shipping Industry
Market By Geography
· North America
o Rest of Europe
o Rest of Asia-Pacific
· Latin America
o Rest of Latin America
· Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA
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