Press release
Material Handling Equipment Market Growth Analysis by | BT Corporation, Columbus McKinnon, KUKA AG, Intelligrated, Inc., Hyster-Yale Materials Handling, Inc., and Flexlink
Major players in the material handling equipment market include JBT Corporation, Columbus McKinnon, KUKA AG, Intelligrated, Inc., Hyster-Yale Materials Handling, Inc., and Flexlink. The industry is highly fragmented and competitive in nature owing to the presence of various industry participants. Companies operating in the industry are actively investing in R&D and developing technologically-advanced products and undertaking strategic acquisitions & collaborations to strengthen the product portfolio to sustain in the market.
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The flourishing e-commerce sector is expected to provide growth opportunities to the material handling equipment market growth. A rapid rise in the e-commerce industry, primarily online shopping, has resulted in shorter product delivery times, which is increasing the pressure on distribution operations in warehouses and logistics. The efficient supply chain operation is considered to be the backbone of e-commerce industry owing to which online retailers are implementing automated warehouses and cargo barges to reduce the time to market their products. Digital technologies are implemented in warehouses, distribution centers, and transport & logistics to enhance the delivery methods and to speed up the processes. Increased focus of e-commerce companies to offer enhanced customer satisfaction will fuel the material handling equipment market growth.
Material Handling Equipment Market is projected to exceed USD 190 billion by 2024. The ongoing technological advancements in the automation industry coupled with the advent of Industry 4.0 and other advanced technologies, such as RFID and IoT, will propel the material handling equipment market growth over the coming years. Technologies such as Automatic Identification & Data Capture (AIDC) and IoT are becoming popular as they are cost-effective and help in improving the order fulfillment processes and enhancing the supply chain efficiency.
There will be a demand for industrial trucks owing to their ability to handle heavy loads of data efficiently. They can be used to move materials over variable paths without any restrictions on the area covered, supporting the wide-scale adoption of these trucks. This machinery enables mechanized pickup and deposit of loads, thereby eliminating the manual work in transporting and lifting. The rise in the cross-border commerce owing to the improving trade sector is escalating the material handling equipment market growth.
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Technical issues pertaining to the operation of advanced systems coupled with the lack of availability of skilled technicians are anticipated to hinder the material handling equipment market growth. These systems are also prone to cyber security risks and the operation of automated systems involves a high degree of integration of hardware & software thereby increasing the complexity of the overall system. Moreover, the expenses associated with the maintenance of these systems will also discourage their adoption in businesses with budgetary constraints.
The thriving durable manufacturing sector is expected to provide growth opportunities to the material handling equipment market. A manufacturing facility involves several operations such as picking & placing of objects from conveyors, storage of materials, and transportation of goods to and from the production facility to the desired location. Conveyor systems used in the production facility are capable of carrying heavy materials to specific destinations thereby facilitating the movement of large volumes of loads quickly. Bulk material handling systems are gaining significance in the durable manufacturing sector due to their ability to handle large loads smoothly.
The Europe material handling equipment market will witness growth owing to stringent government regulations mandating the use of advanced equipment for operator safety coupled with rising labor costs across various economies. The developed logistics & transportation sector in France coupled with the advanced manufacturing industry in Germany will support the regional industry demand. Regulations pertaining to energy efficiency in Germany will spur the demand for electric trucks.
Report Content
Chapter 1 Methodology & Scope
1.1 Methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Definition and forecast parameters
1.1.4.1 Definitions
1.1.4.2 Methodology and forecast parameters
1.2 Data Sources
1.2.1 Secondary
1.2.2 Primary
Chapter 2 Executive Summary
2.1 Global material handling equipment industry 360 degree synopsis, 2013 - 2024
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Application trends
2.1.4 Product trends
Chapter 3 Material Handling Equipment Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 - 2024
3.3 Industry ecosystem analysis
3.3.1 Distribution channel analysis
3.3.2 Vendor matrix
3.4 Technological & innovation landscape
3.4.1 Robotics industry outlook
3.4.2 Data analytics
3.4.3 Energy efficiency measures
3.4.4 IoT
3.5 Regulatory landscape
3.5.1 North America
3.5.1.1 ASME B20.1-2015
3.5.1.2 ANSI/ITSDF B56.1-2005
3.5.1.3 Federal Regulation of Occupational Health and Safety
3.5.2 Europe
3.5.2.1 BS EN 1554:2012
3.5.2.2 European emission regulations
3.5.2.3 Air Quality Certificate
3.5.3 Asia Pacific
3.5.3.1 IS 12663 (Part 2): 2000
3.5.3.2 The General Administration of Customs (GAC or China Customs)
3.5.3.3 The International Council on Clean Transportation
3.5.4 Latin America
3.5.4.1 NR12
3.5.4.2 Mexico's Industrial Health and Safety Regulations
3.5.5 MEA
3.5.5.1 Occupational Health & Safety Act, 1993
3.5.5.2 The South African Bureau of Standards (SABS)
3.5.5.3 Driven machinery regulations, 2011
3.5.5.4 PSI (Pre-shipment inspection)
3.5.5.5 Factories and Works Act
3.6 Industry impact forces
3.6.1 Growth drivers
3.6.1.1 Attractive e-commerce industry in the U.S.
3.6.1.2 Rising labor costs and inconveniences of employing a manual workforce in North America and Europe
3.6.1.3 Technological advancements in Europe
3.6.1.4 Advent of industry 4.0 in Europe
3.6.1.5 Growing automation demand from Asia Pacific
3.6.1.6 Growing demand for automation in Europe and Asia Pacific from SMEs
3.6.1.7 Growing demand for personalized Automated Guided Vehicles (AGVs) in China
3.6.1.8 Improving industrial sector and enhancing productivity in Latin American economies
3.6.1.9 Growth in the aviation industry in MEA
3.6.2 Industry pitfalls and challenges
3.6.2.1 High initial costs
3.6.2.2 Lack of awareness
3.6.2.3 Real-time technical challenges
3.7 Growth potential analysis
3.8 Customer analysis
3.8.1 3PL
3.8.1.1 Major pain points
3.8.1.2 Overview of key players
3.8.2 E-Commerce
3.8.2.1 Major pain points
3.8.2.1.1 Financial
3.8.2.1.2 Technical
3.8.2.1.3 Marketing
3.8.2.2 Overview of key players
3.8.3 Durable manufacturing
3.8.3.1 Major pain points
3.8.3.2 Overview of key players
3.8.4 General merchandise
3.8.4.1 Major pain points
3.8.4.2 Overview of key players
3.8.5 Food retail
3.8.5.1 Major pain points
3.8.5.2 Overview of key players
3.8.6 Food & beverage
3.8.6.1 Major pain points
3.8.6.2 Overview of key players
3.9 Porter's analysis
3.10 Competitive landscape, 2017
3.10.1 Strategy dashboard
3.11 PESTEL analysis
Chapter 4 Material Handling Equipment Market, By Product
4.1 Key trends in the material handling equipment market, by product
4.2 Storage and handling equipment
4.2.1 Storage and handling equipment market, 2013 - 2024
4.2.2 Storage and handling equipment market, by region, 2013 - 2024
4.2.3 Racks
4.2.3.1 Racks market, by region, 2013 - 2024
4.2.4 Stacking frames
4.2.4.1 Stacking frames market, by region, 2013 - 2024
4.2.5 Shelves, bins and drawers
4.2.5.1 Shelves, bins and drawers market, by region, 2013 - 2024
4.2.6 Mezzanines
4.2.6.1 Mezzanines market, by region, 2013 - 2024
4.3 Industrial trucks
4.3.1 Industrial trucks market, 2013 - 2024
4.3.2 Industrial trucks market, by region, 2013 - 2024
4.3.3 Automated guided vehicles (AGVs)
4.3.3.1 Automated guided vehicles (AGVs) market, by region, 2013 - 2024
4.3.4 Hand, platform and pallet trucks
4.3.4.1 Hand, platform and pallet trucks market, by region, 2013 - 2024
4.3.5 Order pickers
4.3.5.1 Order pickers market, by region, 2013 - 2024
4.3.6 Pallet jacks
4.3.6.1 Pallet jacks market, by region, 2013 - 2024
4.3.7 Side-loaders
4.3.7.1 Side-loaders market, by region, 2013 - 2024
4.3.8 Walkie stackers
4.3.8.1 Walkie stackers market, by region, 2013 - 2024
4.4 Bulk material handling equipment
4.4.1 Bulk material handling equipment market, 2013 - 2024
4.4.2 Bulk material handling equipment market, by region, 2013 - 2024
4.4.3 Conveyor belts
4.4.3.1 Conveyor belts market, by region, 2013 - 2024
4.4.4 Stackers
4.4.4.1 Stackers market, by region, 2013 - 2024
4.4.5 Reclaimers
4.4.5.1 Reclaimers market, by region, 2013 - 2024
4.4.6 Elevators
4.4.6.1 Elevators market, by region, 2013 - 2024
4.4.7 Others
4.4.7.1 Others market, by region, 2013 - 2024
4.5 Robotics
4.5.1 Robotics market, 2013 - 2024
4.5.2 Robotics market, by region, 2013 - 2024
4.6 Automated Storage & Retrieval System (AS/RS)
4.6.1 AS/RS market, 2013 - 2024
4.6.2 AS/RS market, by region, 2013 - 2024
4.6.3 Unit-load AS/RS
4.6.3.1 Unit-load AS/RS market, by region, 2013 - 2024
4.6.4 Mini-load AS/RS
4.6.4.1 Mini-load AS/RS market, by region, 2013 - 2024
Chapter 5 Material Handling Equipment Market, By Application
5.1 Key trends in the material handling equipment market, by application
5.2 3PL
5.2.1 3PL market, 2013 - 2024
5.2.2 3PL market, by region, 2013 - 2024
5.3 E-Commerce
5.3.1 E-commerce market, 2013 - 2024
5.3.2 E-commerce market, by region, 2013 - 2024
5.4 General merchandise
5.4.1 General merchandise market, 2013 - 2024
5.4.2 General merchandise market, by region, 2013 - 2024
5.5 Food Retail
5.5.1 Food retail market, 2013 - 2024
5.5.2 Food retail market, by region, 2013 - 2024
5.6 Food & beverage
5.6.1 Food & beverage market, 2013 - 2024
5.6.2 Food & beverage market, by region, 2013 - 2024
5.7 Durable manufacturing
5.7.1 Durable manufacturing market, 2013 - 2024
5.7.2 Durable manufacturing market, by region, 2013 - 2024
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