Material Handling Equipment Market Growth Factors and Trend Analysis is Expected to Reach USD 338.65 billion by 2032, to grow at a CAGR of 5.4% | PMR

The Material Handling Equipment Market size is projected to be valued at USD 210.95 billion in 2023 and is expected to rise to USD 338.65 billion by 2032. The market is expected to register a CAGR of 5.4% during the forecast period from 2024 to 2032.

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Various factors propelling the demand for material handling equipment include:

● With an increasing volume of online purchases, efficient and effective material-handling equipment is required to manage the supply chain ecosystem.

● There is a growing emphasis on workplace safety, which has resulted in the inclusion of ergonomic and safety elements in material handling equipment.

● The growing trend of using green technology and sustainable practices has resulted in the creation of energy-efficient and environmentally friendly material handling equipment.

What Are Material Handling Equipment?

A wide range of instruments, cars, storage facilities, apparatus, and add-ons are referred to as material handling equipment. These items are used in the movement, storing, counting, calculating, and controlling of goods during any phase of production, distribution, usage, or disposal. The following are asset management's primary goals: It needs to be able to calculate the proper installation distance. To increase quality, get ready to reduce waste. Designing the material's movement will cut down on the performance's overall duration.

Top Companies:

In this extremely competitive industry, major rivals constantly innovate and differentiate their products in an effort to take the lead in the market.

Some Of The Leading Companies In The Material Handling Equipment Market Are:

• BEUMER Group GmbH & Co. KG
• Daifuku Co. Ltd
• Hyster-Yale Materials Handling Inc.
• Fives Group
• KUKA AG
• KNAPP Group
• Kion Group AG
• Murata Machinery
• Schaefer Systems International Inc.
• TGW Logistics Group
• Intelligrated Inc

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/buy/1634/2

Segmental Breakdown:

The material handling equipment market is mainly segmented based on type, application, end-use, and region. Based on the type of research, the market is dominated by the Storage & Handling Equipment segment, which includes equipment for storing and handling goods in facilities. It comprises pallet racks, shelving units, mezzanines, automated storage and retrieval systems (AS/RS), conveyor systems, and lift trucks.

Furthermore, the pharmaceutical sector is predicted to grow at a high rate during the projection period. The reason for this is that the prevalence of numerous ailments is increasing, which is driving up medicine demand. Pharmaceutical storage and material handling equipment provide a solution to this difficulty.

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Regional Landscape:

• North America (U.S., Canada)

• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)

• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)

• Latin America (Brazil, Mexico, Argentina)

• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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