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Material Handling Equipment Market Size Worth $46.2 Billion by 2026 | Market Outlook, Drivers and Restraints, Completive Landscape, Regional Analysis | Industry participants: KUKA AG, Beumer Group, Bastian Solutions, Columbus McKinnon, and others.
Material Handling Equipment Market
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There has been an increasing adoption of material handling equipment across the world owing to growing manufacturing industry. The increasing need for efficient warehouse operations, and increasing automation of manufacturing processes further supports the Material Handling Equipment market growth. Other factors driving the growth of this market include growth in the global automotive industry, reducing availability of labors, and increasing labor costs. Increasing demand of material handling equipment in chemical, pharmaceutical, electronics, and food and beverage industries has created the need to develop new innovative products for diversified application areas in these sectors. However, high initial investment restricts the growth of the material handling equipment market. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the market during the forecast period.
In 2017, Europe generated the highest revenue in the Material Handling Equipment market. The increasing automation in the manufacturing sector, and the established automotive industry drive the growth of this market. Growing cost of labor, and limited availability of labor further support market growth. Increasing investments and subsidies by governments are expected to boost the adoption of material handling equipment in the region. Increasing need to improve efficiency and productivity along with increased industrialization and automation further supplements market growth. Asia-Pacific is expected to grow at the highest CAGR in during the material handling equipment market during the forecast period.
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Material Handling Equipment Market Segmentation:
By Type:
• Storage & Handling Equipment
• Industrial Trucks
• Bulk Material Handling Equipment
• Others
By Application:
• Assembly
• Storage
• Packaging
• Transportation
• Others
BY End-User:
• Automotive
• Electronics
• Chemical
• Pharmaceutical
• Aviation
• Others
By Region:
• North America [U.S., Canada, Mexico]
• Europe [Germany, UK, France, Italy, Rest of Europe]
• Asia-Pacific [China, India, Japan, Rest of Asia-Pacific]
• Latin America [Brazil, Middle East & Africa]
Material Handling Equipment Market Top Key Players:
• KUKA AG
• Swisslog AG
• Kion Group
• Beumer Group
• Intelligrated Systems Inc.
• Clark Material Handling International
• Daifuku Co., Ltd.
• Crown Equipment
• Bastian Solutions, LLC
• Columbus Mckinnon
• Toyota Industries Corporation
• Dematic GmbH & Co. Kg
These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
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About Polaris Market Research:
Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.
Contact Us:
Mr. Rohit
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com
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