Press release
Material Handling Equipment Market Analysis- Industry Specific Opportunities and Trends Affecting the Growth
Global Material Handling Equipment report from Global Insight Services is the single authoritative source of intelligence on Material Handling Equipment market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.Read more about Material Handling Equipment market here: https://www.globalinsightservices.com/reports/material-handling-equipment-market/
Material Handling Equipment (MHE) is a type of machinery used to move, store, or control materials within a warehouse, distribution center, or manufacturing facility. The purpose of MHE is to improve productivity, safety, and accuracy while reducing costs.
Key Drivers
There are a few key drivers of the Material Handling Equipment market. Firstly, the ever-growing e-commerce industry is driving the need for efficient and speedy material handling equipment, in order to meet the high demand for online orders.
Secondly, the increasing popularity of lean manufacturing methods is resulting in factories requiring smaller and more efficient equipment to move materials around the production floor.
And lastly, the rise of the sharing economy is seeing businesses increasingly renting or sharing material handling equipment, rather than purchasing it outright.
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Market Segmentation
The material handling equipment market is segmented by product, end-use and region. By product, the market is divided by storage & handling equipment, automated storage & retrieval system and industrial trucks. By end-use, the market is classified into automotive, food & beverage and others. By region, the market is segmented into North America, Europe, Asia-Pacific and rest of the world.
Key Players
The key players in the material handling equipment market are BEUMER Group, Daifuku Co., Ltd., Honeywell International Inc., Kion Group AG, Mecalux, S.A, Murata Machinery Ltd., SSI Schaefer AG, Swisslog Holding AG, Toyota Material Handling Group and Vanderlande Industries B.V.
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Restraints & Challenges
The key restraints and challenges in Material Handling Equipment market include the high cost of installation and maintenance, and the need for skilled operators. Additionally, the market is also challenged by the lack of standardization and the need for customized solutions.
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