Material Handling Market 2023 : Trends, Business Growth And Major Driving Factors | Toyota Industries Corporation, Daifuku Co., Ltd., Beumer Group, Liebherr Group, Dematic Group, Jungheinrich AG, Columbus McKinnon Corporation
As per the material handling market report by The Business Research Company, the increase in e-commerce is mostly driven by COVID-19 as people preferred shopping online rather than visiting any physical store. Rising e-commerce industry growth boosted the demand for material handling services and with this increase, the industry players in the material handling market are focusing on developing customized equipment and systems such as manufacturing engineered systems, smart warehousing, and remotely tracked transport vehicles.
The global material handling market size will grow from $38.23 billion in 2022 to $41.82 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global material handling market size is expected to grow to $58.94 billion in 2027 at a CAGR of 9.0%.
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Major players in the material handling market are Toyota Industries Corporation, Daifuku Co., Ltd., Beumer Group, Liebherr Group, Dematic Group, Jungheinrich AG, Columbus McKinnon Corporation, Eisenmann AG, Crown Equipment Corporation, and Schaefer Systems International Pvt Ltd.
The Material Handling market is segmented -
1) By Type: Automated Guided Vehicles, Automated Storage And Retrieval Systems, Trucks And Lifts, Cranes, Pallet Racking, Conveying Systems, Hoists, Other Types
2) By Operations: Assembly, Distribution, Transportation, Other Operations
3) By End User: Food & Beverages, Automotive, Construction, Consumer Goods & Electronic, Pharmaceuticals, E-Commerce, Other End Users
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Materials handling refers to the movement of raw goods from their native site to the point of use in manufacturing, their subsequent manipulation in production processes, and the transfer of finished products from factories and their distribution to users or sales outlets.
The Table Of Content For The Material Handling Market Include:
1. Executive Summary
2. Material Handling Market Characteristics
3. Material Handling Market Trends And Strategies
4. Material Handling Market - Macro Economic Scenario
5. Material Handling Market Size And Growth
27. Material Handling Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Material Handling Market
29. Material Handling Market Future Outlook and Potential Analysis
The "Global Material Handling Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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