Material Handling Equipment Market Size is Projected to Reach US$ 338.65 Billion by 2032, Growing at a CAGR of 5.4% | PMR

According to the research report, the global Material Handling Equipment Market was valued at USD 210.95 billion in 2023 and is expected to reach USD 338.65 billion by 2032, to grow at a CAGR of 5.4% during the forecast period.

Material handling equipment indicates any instruments, equipment, machinery, vehicles, or devices that are utilized in the commercial backdrop to move, heave, reserve, and handle materials. For instance, an extensive warehouse for a large box retailer would require material handling instruments on an everyday basis to shift items surrounding the warehouse, arrange inventory, ready boxes for shipment, and so on. Several kinds of material handling equipment are mechanized, such as forklifts, which assist workers in these commercial backdrops in executing jobs more productively and securely.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/material-handling-equipment-market/request-for-sample

Several elements involving the growing demand for automation in manufacturing, e-commerce, and logistics push the market. Automation enhances efficacy, lessens labor prices, and improves security in material handling functions. Also, the escalating trends toward acquiring green technology and viable practices have caused the advancement of energy-efficient and organic material handling equipment.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐨𝐫 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐚𝐣𝐨𝐫 𝐠𝐥𝐨𝐛𝐚𝐥 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧𝐜𝐥𝐮𝐝𝐞:

• Vanderlande Industries B.V.
• Daifuku Co. Ltd.
• Honeywell International, Inc.
• BEUMER GROUP
• Crown Equipment, KION GROUP AG
• Swisslog Holding AG
• Mecalux, S.A.
• Murata Manufacturing Co., Ltd.
• SSI SCHAEFER
• TOYOTA INDUSTRIES CORPORATION, Intelligrated Systems Inc,

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/buy/172/2

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐎𝐮𝐭𝐥𝐨𝐨𝐤

𝐁𝐲 𝐓𝐲𝐩𝐞

• Storage & Handling Equipment
• Industrial Trucks
• Bulk Material Handling Equipment
• Others

𝐁𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

• Assembly
• Storage
• Packaging
• Transportation
• Others

𝐌𝐚𝐫𝐤𝐞𝐭'𝐬 𝐌𝐚𝐣𝐨𝐫 𝐅𝐚𝐜𝐭𝐬

• The global material handling equipment market was valued at USD 210.95 billion in 2023 and is expected to grow to USD 338.65 billion.

• The market is anticipated to expand at a CAGR of 5.4% during the forecast period.

• In 2022, Asia Pacific is anticipated to dominate the market.

• North America witnesses the highest growth rate in the market.

𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/material-handling-equipment-market

𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥 𝐇𝐚𝐧𝐝𝐥𝐢𝐧𝐠 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬

• Storage & handling equipment segment hold the largest share of the market. Due to it consist of various equipment for storing and handling goods such as pallet racks, shelving units, automated storage, lift trucks and conveyor systems.

• Pharmaceutical segment is expected to hold the significant CAGR over the projected period. Due to prevalence of various diseases and rising demand for various drugs so there is need for storage handling which provides by storage and material equipment solution to address this challenge.

• Asia Pacific region held the highest CAGR and will continue its significant growth during the forecast period. Rising in the development in various countries such as India, China, and other APAC countries in this region requires the solution for material handling in manufacturing, automotive, pharmaceutical and other sectors.

• The global key market players include Vanderlande Industries B.V.; Daifuku Co., Ltd.; Honeywell International, Inc.; BEUMER GROUP; Crown Equipment, KION GROUP AG; Swisslog Holding AG; Mecalux, S.A.; Murata Manufacturing Co., Ltd.; SSI SCHAEFER; TOYOTA INDUSTRIES CORPORATION and
Intelligrated Systems Inc,

𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐀𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐛𝐲 𝐄𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐭 𝐏𝐨𝐰𝐞𝐫 𝐌𝐨𝐝𝐮𝐥𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3430746/intelligent-power-module-market-set-to-reach-usd-7-71-billion

𝐀𝐥𝐠𝐚𝐞 𝐒𝐤𝐢𝐧𝐜𝐚𝐫𝐞 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3430752/algae-skincare-products-market-evolution-exploring-growth

𝐏𝐥𝐚𝐲𝐠𝐫𝐨𝐮𝐧𝐝 𝐒𝐞𝐭𝐬 𝐚𝐧𝐝 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3430758/playground-sets-and-equipment-market-2024-an-in-depth-analysis

𝐇𝐮𝐧𝐭𝐢𝐧𝐠 𝐁𝐥𝐢𝐧𝐝𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3430761/challenges-and-opportunities-in-the-hunting-blinds-market

𝐁𝐚𝐬𝐤𝐞𝐭𝐛𝐚𝐥𝐥 𝐀𝐩𝐩𝐚𝐫𝐞𝐥 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3432121/basketball-apparel-market-revenue-to-cross-25-06-billion

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:

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This release was published on openPR.