openPR Logo
Press release

Global Material Handling Equipment Market Size, Industry Trends, Growth and Forecast to 2020-2026

07-16-2020 01:10 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

The global market for material handling equipment is projected to have considerable CAGR of around 7.6% during the forecast period. The market is mainly driven due to growing demand of automated material handling equipment such as automated retrieval and storage system (ASRS) coupled with growing investment for these systems. These systems can reduce the warehouse operation cost by around 70%, and thus many retailers and other industries are adopting ASRS in their facilities therefore contribute in the growth of the market. Moreover, the integration of automatic material handling with ASRS and a tracking system could leverage productivity by reducing the bottlenecks and facilitates the smooth flow of materials. Therefore, various industries can take benefit from the integrated material handling and production system and vertical ASRS concept. Therefore, growing adoption of ASRS in steel plants further provide significant to the market.

Get Free Sample Copy @ https://www.omrglobal.com/request-sample/material-handling-equipment-market

Moreover, introduction industry 4.0 in various sector further provide significant opportunity to the market. Many of today’s ASRS are equipped with Industry 4.0 technology. For instance, in order to support the food & beverage industry future-proof their operations, Swisslog (a division of KUKA AG) has developed Swisslog SynQ software, which is an Industry 4.0-ready roadmap that regularly integrates new functionality and advantages.

A Full Report of Global Material Handling Equipment Market is Available at: https://www.omrglobal.com/industry-reports/material-handling-equipment-market

Moreover, growing investment by the companies for automated systems is providing ample opportunities for the material handling equipment market growth. For instance, in December 2019, Coca-Cola European Partner (CCEP) has announced that it has received a funding of around $51 million over the period 2018-2019 for the installation of ASRS systems in CCEP’s Sidcup plant. Moreover, In December 2019, Landmark Arabia opened its fully automated mega distribution center (DC) in Dubai, UAE with a total investment of around $270 million. The distribution center is said to be the largest DC in the GCC region. In 2016, Boeing, an American multinational manufacturer of airplanes began to use this technology as part of a new; advanced manufacturing process for building its 777 fuselages. The technology was put in place to improve employee safety and product quality.

Chemical companies are adopting ASRS to achieve high throughput capacity with improved processes. Consoveyo Singapore Pte Ltd. Offers ASRS warehouse for chemical specialties providers. In November 2019, the company signed a partnership with a chemical specialty provider to deliver a 42-metre-high ASRS high-bay warehouse. This include four sets of double-deep stacker cranes, Rail Guided Vehicles (RGVs), and aisle racking, as well as high-speed doors, conveyors, and a complete range of warehouse management software in the project. As per the expansion plans, ASRS will enable the chemical companies to store a significant amount of raw materials, work-in-progress (WIP) materials, and finished goods that are undergoing curing and settling processes.

Global Material Handling Equipment Market Segmentation

By Product Type

Automated Storage and Retrieval System (ASRS)
Bulk Material Handling Equipment
Storage and Handling Equipment
Industrial Trucks

By Industry

Automotive
Aerospace & Defense
Retail & E-commerce
Chemical
Food & Beverages
Healthcare
Others(Electronics)

Global Material Handling Equipment Market – Segment by Region

North America

US
Canada

Europe

Germany
UK
France
Spain
Italy
Rest of Europe

Asia-Pacific

China
Japan
India
Rest of Asia-Pacific

Rest of the World

Company Profiles

BEMUR Group
Bastian Solutions, Inc.
Crown Equipment Corp.
Daifuku Co., Ltd.
Eisenmann SE
Hanel Storage Systems
Honeywell International, Inc.
Hyster-Yale Materials Handling, Inc.
JBT Corp.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/material-handling-equipment-market

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Material Handling Equipment Market Size, Industry Trends, Growth and Forecast to 2020-2026 here

News-ID: 2091402 • Views:

More Releases from Orion Market Research

Hair Accessories Market Poised for Strong Growth Driven by Gen Z Trends and Sustainability Preferences
Hair Accessories Market Poised for Strong Growth Driven by Gen Z Trends and Sust …
Hair accessories market was valued at $23.8 billion in 2024 and is projected to reach $55.2 billion in 2035, growing at a CAGR of 8.2% during the forecast period (2025-2035). Generation Z, with significant disposable income, is transforming the hair accessories category in a major way. Their close connection to trends creates a unique feeling of urgency to self-express through fashion, such as clips, scrunchies, and barrettes. It has become
Railway Management System Market Size Analysis, Competitive Insights, Leading Players and Growth Opportunities by 2033
Railway Management System Market Size Analysis, Competitive Insights, Leading Pl …
Railway System (or Railway Management System) market was valued at approximately USD 28.28 billion, and it is expected to reach about USD 45.19 billion by 2033, growing at a CAGR of around 4.8% from 2024 to 2033. Railway Management System Market Overview The Railway Management System market includes technologies and systems used to plan, monitor, and manage railway operations-everything from traffic and signaling systems to asset and maintenance management, passenger information,
Monocalcium Phosphate Market Size Analysis, Competitive Insights, Leading Players and Growth Opportunities by 2033
Monocalcium Phosphate Market Size Analysis, Competitive Insights, Leading Player …
Monocalcium Phosphate market was valued at about USD 4.2 billion, and it is anticipated to reach around USD 6.9 billion by 2033, growing at a CAGR of approximately 5% from 2023 to 2033. Monocalcium Phosphate Market Overview Monocalcium phosphate (MCP) is a calcium-phosphorus compound widely used in animal feed, fertilizers, and also in food and beverage applications (for example as leavening agent or acidity regulator), due to its solubility and bioavailability. The
Automotive Lubricants Market Size Analysis, Competitive Insights, Leading Players and Growth Opportunities by 2033
Automotive Lubricants Market Size Analysis, Competitive Insights, Leading Player …
Automotive Lubricants Market was valued at approximately USD 70.44 billion. By 2033, it is expected to reach around USD 107.09 billion, growing at a CAGR of about 3.3% from 2025 to 2033. Automotive Lubricants Market Overview The automotive lubricants market consists of products like engine oils, gear oils, greases, hydraulic fluids, and transmission fluids that reduce friction, wear and tear, and improve efficiency and lifespan of vehicle components. Demand is driven by

All 5 Releases


More Releases for ASRS

Key Influencer in the ASRS For Garments On Hangers Market 2025: E-Commerce Boom …
"What Is the Forecasted Market Size and Growth Rate for the ASRS For Garments On Hangers Market? The ASRS for garments on hangers market has experienced strong growth in recent years. It is expected to expand from $1.9 billion in 2024 to $2.08 billion in 2025, at a compound annual growth rate (CAGR) of 9.5%. The historical growth can be attributed to the rise of retail and e-commerce, increasing environmental awareness,
Germany ASRS Market 2023 Driving Factors Forecast Research 2029
The German automated storage and retrieval system (ASRS) market is estimated to grow at a CAGR of over 10.0% during the forecast period. This Germany ASRS Market research report focuses more on a number of distinctive as well as foremost market sectors. It further focuses market segmentation. Industry-specific interviews are carried out with market players to foresee future business growth. Various facets of the industry are also depicted here under
US ASRS Market 2023 Driving Factors Forecast Research 2029
The US automated storage and retrieval system (ASRS) market is estimated to generate a significant market value in 2018 and is estimated to grow at a CAGR of 10.2% during the forecast period. US ASRS Market report provides us with a complete outlook on thorough assessment of thorough data about vital feature of the global industry related to market size, revenue, development and market sales. This study report captures regulatory
Indian ASRS Market 2023 Driving Factors Forecast Research 2029
The Indian automated storage and retrieval system (ASRS) market is estimated to grow at a CAGR of 12.7% during the forecast period. Indian ASRS Market report provides us with a complete outlook on thorough assessment of thorough data about vital feature of the global industry related to market size, revenue, development and market sales. This study report captures regulatory concerns and entry barriers that greatly affect the market growth. This
China ASRS Market to Witness Robust Expansion by 2029
China automated storage and retrieval system (ASRS) market is estimated to grow at a CAGR of 11.3% during the forecast period. The major factors that are driving the China ASRS market include the rising focus of the warehousing companies towards automation and the significant growth of e-commerce and retail industries in the country. China has rapidly positioned itself as a global leader in terms of automation. According to the International
US ASRS Market 2023 Driving Factors Forecast Research 2029
The US automated storage and retrieval system (ASRS) market is estimated to generate a significant market value in 2018 and is estimated to grow at a CAGR of 10.2% during the forecast period. The growth of the market is majorly driven by the increasing application of these systems in end-user industries such as retail, e-commerce, automobile, and healthcare industry among others. In addition, the well-established ICT infrastructure of the country