Global Material Handling Equipment Market Accounted USD 82.6 Billion in 2016

According to Goldstein Research, global material handling equipment market is expected to reach USD 124.5 billion by 2024 from USD 82.6 billion in 2016, growing at a CAGR of 5.2% over the forecast period 2016-2024. Growth of the market is primarily driven by the rapid urbanization activities all over the world along with the growing e-commerce industry. Global material handling equipment market segmentation has been done on the basis of product type, application type, end-users and geography. Manufacturing sector accounted for largest market share of 40% in 2016 of the major application sectors of material handling equipment.

Global material handling equipment market is largely dominated by Asia-Pacific region acquiring 35% revenue share on the back of expansion of urban construction activities. Over the forecast period APAC region is expected to continue its dominance. Further APAC is closely followed by Europe market share acquiring 28% share in 2016.

Market Segmentation

On the basis of our in-depth analysis, Global Material Handling Equipment Market can be segmented as follows:

By Product Type

o Storage Equipment
o Conveyor systems
o Robotic delivery systems
o Automatic guided vehicles (AGV)
o Industrial Trucks & Lifts

By Applications Type

o Storage and Retrieval
o Transportation
o Assembly
o Packaging
o Distribution
o By Services
o Software and Hardware (Installation and Up-gradations)
o Training
o Support and Maintenance

By End Users

o Marine and Air Ports
o Manufacturing Sector
o Transportation and Logistics
o Construction Industry
o E-commerce

By Region

o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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“Global Material Handling Equipment Market Outlook 2024” contains detailed overview of the global material handling equipment market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by product type, application type, services and end-users.

Further, for the in-depth analysis, Global Material Handling Equipment Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Beumer, Daifuku, Kion Group, SSI SCHAEFER, Vanderlande, Clark, Crown Equipment, Columbus Mckinnon, TOYOTA Material Handling Company, Mecalux S.A. and Murata Machinery Ltd., etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global material handling equipment market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

Browse full Report @ https://www.goldsteinresearch.com/report/material-handling-equipment-market-global-industry-outlook

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