Material Handling Equipment Market Top Key Players - Bastian Solutions, LLC, Beumer Group GmbH & Co., Columbus McKinnon, Crown Equipment Corporation, Daifuku Co.Ltd, Dematic GmbH & Co., Flexlink, Hyster-Yale Materials Handling, JBT Corporation

Material Handling Equipment Market is a machine used in a company's manufacturing process to perform various functions such as moving, collecting, storing, and disposing of products. This device helps to make the process more efficient and effective. This machine has been in use for over 100 years, and the technology used here has made great strides since its invention. It is also very attractive to manufacturers in a cost-effective and error-free way.

Download For Sample@ https://bit.ly/2Vt1J7D

MATERIAL HANDLING EQUIPMENT DRIVERS

The following factors are expected to drive the growth in this market:

• The transportation and e-commerce industries are using material handling facilities. The transport and aviation sectors have been adversely affected during the Covid-19 period, with the e-commerce sector growing significantly. This also helps the growth of the global material handling market.

• More flexible and transparent supply chain and warehousing operations than the are also in demand.

• As the population grows, so does the need for consumer goods, which is driving many companies to purchase more material handling equipment to improve the efficiency of their work.

• Driving demand for FDI investment in production processes in developing countries.

• The government is also focusing on the development of infrastructure facilities, such as the construction of new airports, railways and ports. This further increases the demand for material handling equipment.

MATERIAL HANDLING EQUIPMENT CHALLENGES

• The purchase cost of lifting transport equipment is very high. Besides, the operating and maintenance costs for this equipment may hinder the growth of the market. As a result, SMEs find it difficult to integrate these technologies into their work.

• There is a lack of awareness in certain parts of the world about the cost-effective and high level of productivity that the can achieve using this device.

• There are many technical challenges that organizations may face when using a material handling facility. Resolving this problem sometimes requires expertise, and expertise is not always available. Cybersecurity threats remain a major concern for organizations as well.

RECENT DEVELOPMENTS

To deal with the change in environment in the coronavirus pandemic, the manufacturers have come up with the following strategies:

• Businesses are using modern technology to build mechanisms for return purchases.

• Faster delivery is expected by the rise of e-commerce. Therefore, companies are moving their warehouses to cities.

• Godrej Material Handling, a company, is diversifying its current offering under the name Godrej RenTrust.

• Godrej RenTrust is a rental company, offering its customers a full range of solutions in terms of labor, fuel and maintenance of material handling facilities.

• C&M Conveyor was acquired by Capital Works. You can then use automatic data processing technology in operation.

MATERIAL HANDLING EQUIPMENT MARKET SEGMENTATION

By Equipment Type
• Cranes and Lifting equipment
• Industrial Trucks
• Continuous handling equipment
• Racking and Storage Equipment
• Automated Storage Retrieval System

By System Type
• Unit Load Material Handling system
• Bulk load material handling system

By Operations
• Assembly
• Distribution
• Transportation
• Others

By Industry
• Consumer Goods
• Electronics
• Automotive
• Food and Beverage
• Pharmaceutical
• Construction
• Mining
• Semiconductors
• E-commerce
• Others

By Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

COMPETITIVE LANDSCAPE

There are many small and large players across the globe for material handling equipment. Some of the key companies in this market are:

• Bastian Solutions, LLC
• Beumer Group GmbH & Co.
• Columbus McKinnon
• Crown Equipment Corporation
• Daifuku Co.Ltd
• Dematic GmbH & Co.
• Flexlink
• Hyster-Yale Materials Handling
• JBT Corporation

Read More Information: https://mobilityforesights.com/product/material-handling-equipment-market/

Contact:
Company Name: Mobility Foresights
Contact Person: Kunal Roy
Email: Send Email
Phone: +1-315-675-4056
Address: P3&P4, HAL 3rd Stage
City: Bangalore
State: Karnataka

About Us:
We are among the very few market research firms globally, specialized in mobility domain(s). Our zone of research entails automotive, aerospace, marine, locomotive, logistics and construction & agricultural equipment. We deal in syndicated research, custom research and consumer research for all the above domains mentioned.
We envision the future of mobility every single day, following mobility domains is not just our profession rather it’s our passion. We are here, just to serve you in the most ideal way and your fulfillment is above everything else.

This release was published on openPR.