Press release
Material Handling Equipment Market Is Booming Regionally, Growth Opportunities and Industry Forecast to 2033|PMR
The importance of Material Handling Equipment Market is growing exponential among industries such as aerospace, agriculture, automotive, etc., as managing the manufacturing plant or warehouse has become an essential operation to look for. Material handling involves, managing the storage and movement of good & products in the warehouse or manufacturing plant. Material handling increases the productivity by improving the logistics in the manufacturing plant.
Material handling equipment are required in warehouse or manufacturing plant for quick movement of goods or products, locating stock, preparing orders and localizing stock. Need of optimum utilization of equipment, demand for flexibility in warehouse operations, customer satisfaction, supply chain transparency, vision guided robotics, to reduce excessive downtime at warehouse, growing automation and technology advancements in material handling equipment are driving the market for global material handling equipment market. The global material handling equipment market growth is inhibited due to growing material handling equipment prices, rising steel prices and lack of skilled labor.
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Different types available in material handling equipment market are conveying equipment, bucket conveyor, screw conveyer, vibrating conveyer, roller conveyer, magnetic belt conveyer, chain conveyer, platform truck, walkie stacker, pallet jack, platform truck, etc. The global material handling market can be segmented on the basis of product type such as conveying equipment, industrial trucks & lifts, hoist, cranes & monorails and automated material handling equipment. Many industries use material handling equipment to increase their productivity and accuracy.
The global material handling equipment market is segmented on the basis of end use industries such as Aerospace, Agriculture, Air Cargo, Automotive, Building and Construction, Electrical & Electronic Equipment, Industrial Machinery, Shipping Industry, Warehousing, Postal/Express Delivery and others. Currently, these industries are experiencing steady growth in regions like Asia Pacific, Europe and North America.
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Currently, global material handling equipment market is dominated by Asia Pacific region, which is estimated to capture 30-40% of the global material handling equipment market value. Asia Pacific is followed by Europe and North America. Global material handling equipment market is expected to grow at a CAGR between 3-6% from 2014-2020, and in future, Asia Pacific is forecast to continue its dominance in global material handling equipment market, due to expected growth in end use industries.
Key Players in the global material handling equipment market are
• BEUMER Group
• Daifuku Co. Ltd.
• Honeywell International
• Inc.
• KION Group AG
• Mecalux
• S.A.
• Murata Manufacturing Co. Ltd.
• SSI SCHAEFER
• Swisslog Holding AG
• TOYOTA Industries Corporation
• and Vanderlande Industries B.V. among others.
Global material handling equipment market has key players mainly from North America, Western Europe, Japan and China.
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Currently, global material handling equipment market is experiencing consolidation between industry players. For example, in 2013, Interroll acquired Portec Group International, Kalmar acquired Mareiport, Toyota industries acquired Cascade in 2012. Companies are also entering into strategic partnerships in material handling equipment market, for instance, in 2014, Liebherr and Kamaz entered in strategic partnership.
Global material handling equipment market is experiencing increasing automation, safety and productivity. Companies are focusing on innovating equipment based on above three factors and as per customer requirements. In Future, we expect to see emergence of high control methodologies in material handling equipment market. Integration of electronic intelligence with material handling equipment is expected to change the global material handling equipment market during next 5-6 years.
The research report presents a comprehensive assessment of the material handling equipment market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, and applications.
Table of Content of this Report:
• Material Handling Equipment Market Overview and Analysis [ Market Size | Market Y-o-Y Growth | Market Dynamics]
• Material Handling Equipment Market Overview and Analysis [ Supply Chain | Cost Structure | Pricing Analysis | Raw Material Sourcing Strategy and Analysis | List of Distributors]
• Global Material Handling Equipment Market Analysis and Forecast By Product Type
• Global Material Handling Equipment Market Analysis and Forecast By Application Type
• Global Material Handling Equipment Market Analysis and Forecast By Region [ Europe | North America | APAC | Middle East and Africa]
• Global Material Handling Equipment Market Company Share, Competition Landscape and Company Profiles
• Research Methodology
• Secondary and Primary Sources
• Assumptions and Acronyms
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