Demand for Material Handling Equipment is Likely to Reach USD 124.5 Billion by 2024- Goldstein Research

According to Goldstein Research, booming e-commerce industry has significantly augmented the material handling equipment industry size owing to escalating need for faster deliveries to better cater to the consumers’ demand in the competitive landscape. Many major players in the e-commerce industry are installing a warehouse management system (WMS) for real-time monitoring of inventory levels and to categorize the stock locations. Moreover, with the introduction of automated equipment’s and IoT, the global material handling equipment industry is likely to witness demand for novel products and services over the forecast period.
Global material handling equipment industry outlook also includes new business models, product developments and capital investment as the key strategies adopted by the major players for a significant expansion of business across the globe. The global material handling equipment industry report also recognizes value chain analysis to understand the cost differentiation to provide a competitive advantage to the existing and new entry players.
For research on material handling equipment industry, visit: https://www.goldsteinresearch.com/report/material-handling-equipment-market-global-industry-outlook
Industry Segmentation
On the basis of our in-depth analysis, a global material handling equipment industry can be segmented as follows:
By Product Type
• Storage Equipment
• Conveyor systems
• Robotic delivery systems
• Automatic guided vehicles (AGV)
• Industrial Trucks & Lifts
By Applications Type
• Storage and Retrieval
• Transportation
• Assembly
• Packaging
• Distribution
By Services
• Software and Hardware (Installation and Up-gradations)
• Training
• Support and Maintenance
By End Users
• Marine and Air Ports
• Manufacturing Sector
• Transportation and Logistics
• Construction Industry
• E-commerce
By Geography
• North America {Industry Share (%), Industry Size (USD Billion)}
• Europe {Industry Share (%), Industry Size (USD Billion)}
• The Middle East and Africa {Industry Share (%), Industry Size (USD Billion)}
• Latin America {Industry Share (%), Industry Size (USD Billion)}
• Asia Pacific {Industry Share (%), Industry Size (USD Billion)}
“Material Handling Equipment Industry Analysis” by Goldstein Research contains a detailed overview of the global material handling equipment industry. Further, the report encompasses the industry growth drivers, industry challenges, risk analysis, industry attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This industry report also includes competitive outlook of some of the major players profiling of companies such as Daifuku Co., Ltd., SSI Schaefer, Hyster-Yale Material Handling, Inc., Jungheinrich AG, KION Group AG, Toyota Industries Corporation 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 denotes the global material handling equipment industry past and present trends along with industry projections that will assist industry consultants, technology providers, existing players searching for expansion opportunities, new players examining possibilities and other stakeholders to bring into line their industry-centric approaches according to the ongoing and expected trends in the future.
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Key queries countered in this global material handling equipment industry report
• What is the global material handling equipment industry size by 2024 and what would be the expected growth rate of sales?
• What are the material handling equipment industry trends?
• What are the dynamics which are driving this industry?
• What are the major barriers to material handling equipment industry growth?
• Who are the prominent vendors in this industry space?
• What are the industry prospects for the current and entry-level players?
• What are the latest improvements and industry strategies of the key players?

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