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2023 Material Handling Equipment Market Report: In-Depth Analysis Of Industry Share, Size, Growth And Outlook Up To 2032
Material Handling Equipment Market
Material Handling Equipment Market Size, Growth Rate, And Forecast
The global material handling equipment market size is expected to grow from $180.60 billion in 2022 to $194.27 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. 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 material handling equipment market size is expected to reach $248.83 billion in 2027 at a CAGR of 6.3%.
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Material Handling Equipment Market Drivers
The rising e-commerce industries are expected to propel the material handling equipment market going forward. E-commerce is a business approach that allows people to buy and sell goods and services through the Internet. The e-commerce sector is rising due to changes in consumer preference, increased convenience, and personalized experience. The automatic material handling equipment provides convenience to businesses in packaging, bulk material handling, and managing the supply chain ecosystem in their industrial spaces.
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Material Handling Equipment Market Segments
1) By Type: Manufacturer, Distributor
2) By Product: Cranes and Lifting Equipment, Industrial Trucks, Continuous Handling Equipment, Racking and Storage Equipment
3) By End Users: Automotive, Food And Beverages, Chemical, Semiconductor And Electronics, E-commerce, Aviation, Pharmaceutical, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Material Handling Equipment Market.
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Material Handling Equipment Market Key Players
Major competitors in the Material Handling Equipment Market include The Beumer Group, Daifuku Co Ltd., Kion Group AG, Toyota Industries Corporation, Honeywell International Inc., Schaefer System International Ltd., Jungheinrich AG, Crown Equipment Corporation, Hyster-Yale Materials Handling Inc., Mitsubishi Caterpillar Forklift America Inc., Mecalux S.A., Murata Manufacturing Co Ltd., Liebherr Group, Swisslog Holding AG, and Action Construction Equipment Ltd
The Business Research Company's "Global Material Handling Equipment Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Material Handling Equipment Market Include:
1. Executive Summary
2. Material Handling Equipment Market Characteristics
3. Material Handling Equipment Market Trends And Strategies
4. Material Handling Equipment Market - Macro Economic Scenario
5. Material Handling Equipment Market Size And Growth
......
26. Africa Material Handling Equipment Market
27. Material Handling Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Material Handling Equipment Market
29. Material Handling Equipment Market Future Outlook and Potential Analysis
30. Appendix
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