Material Handling Equipment Market Competitive Insights and Precise Outlook 2021- Hyster-Yale Materials Handling, KUKA, Kion Group, JBT Corporation

The report presents an in-depth assessment of the Material Handling Equipment Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents SWOT Analysis and forecast for Material Handling Equipment investments. The final report copy provides the impact analysis of novel COVID-19 pandemic on the Material Handling Equipment market as well as variation during the forecast period from 2021 till 2027.

The global material handling equipment market size was valued at USD 26.3 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.4% from 2021 to 2028. Over 50.0% of factory owners estimate that new projects will either be delayed or put on hold because of the coronavirus pandemic. In comparison, close to 30.0% of owners expect to adjust the sales revenue with the ongoing projects. 

Top Companies in the global Material Handling Equipment market are Hyster-Yale Materials Handling, KUKA, Kion Group, JBT Corporation, Flexlink, Intelligrated, Dematic, Columbus McKinnon, Daifuku

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Industry News:

Hyster-Yale Materials Handling, Inc. (NYSE: HY) announced consolidated revenues of $719.6 million and consolidated net income of $13.1 million, or $0.78 per diluted share, for the fourth quarter of 2020 compared with consolidated revenues of $834.8 million and consolidated net income of $3.4 million, or $0.20 per share, for the fourth quarter of 2019. Consolidated operating profit increased to $13.7 million in the 2020 fourth quarter from $8.1 million in the 2019 fourth quarter.

Segment by Type
Storage & Handling Equipment
Industrial Trucks
Bulk Material Handling Equipment
Automated Storage & Retrieval System (AS/RS)

Segment by Application
Durable Manufacturing
Food & Beverage
Other

The surge in need for transparent supply chain processes and demand for a sophisticated system that offers flexible task operation in warehouses are presumed to be propelling factors for the material equipment market growth. The adoption of sophisticated automation systems, such as automated storage and retrieval systems, is increasingly used in warehouses for the easy storage and retrieval of raw materials and finished goods.

Regional Analysis:
Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), North America (United States, Canada, and Mexico), Central & South America (Brazil, and Rest of South America), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)

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Highlights of Material Handling Equipment Market:

-The report provides a detailed analysis of current and future market trends to identify the investment opportunities of the Market.

-Key Material Handling Equipment market trends across the business segments, regions and countries

-Key developments and strategies observed in the market

-In-depth company profiles of key players and upcoming prominent players

-Key market dynamics such as drivers, restraints, opportunities and other trends

Significant Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Material Handling Equipment Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Material Handling Equipment Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.

Free customization of the report: This report can be further customized according to the client’s specific requirements. No additional charges will be added for limited additional research.

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