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Surging E-Commerce Industry Driving Growth In Material Handling Equipment Market: An Emerging Driver Transforming The Material Handling Equipment Market Market Landscape
Material Handling Equipment Market
What Is the Projected Growth of the Material Handling Equipment Market Market?
The Material Handling Equipment Market Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Projected Growth of the Material Handling Equipment Market Market?
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What Are the Different Material Handling Equipment Market Market Segments?
The material handling equipment market market covered in this report is segmented -
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
Subsegments:
1) By Manufacturer: Equipment Manufacturers, Systems Integrators
2) By Distributor: Wholesale Distributors, Retail Distributors
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What Are the Primary Drivers Shaping the Material Handling Equipment Market Market?
The anticipated growth in e-commerce industries is set to boost the material handling equipment market. E-commerce offers a platform for individuals to carry out buying and selling transactions over the Internet. Factors promoting the expansion in the e-commerce sector include shifting customer preferences, enhanced ease, and a tailored shopping experience. To simplify their packaging, bulk material handling, and supply chain ecosystem control within their industry settings, businesses can use automatic material handling equipment. For example, according to a May 2024 report by the International Trade Administration (ITA), a US government agency, the worldwide e-commerce revenue had grown to $3.6 trillion in 2023 and is expected to exceed $5.5 trillion by 2027, showing a compound annual growth rate (CAGR) of 14.4%. Therefore, such progress in e-commerce is certain to stimulate the expansion of the material handling equipment market.
Which Companies Are Leading in the Material Handling Equipment Market Market?
Major companies operating in the material handling equipment market market include Beumer Group GmbH & Co. KG, Daifuku Co. Ltd., KION Group AG, Toyota Industries Corporation, Honeywell International Inc., SSI Schäfer Group GmbH, 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, Action Construction Equipment Ltd., TGW Logistics Group GmbH, Viastore Systems GmbH, WITRON Logistik + Informatik GmbH, BHS Corrugated Maschinen- und Anlagenbau GmbH, Cimcorp Automation Ltd., Columbus McKinnon Corporation, Eisenmann SE, Elettrric80 S.p.A., Hanel GmbH & Co. KG, Hapman LLC, Hytrol Conveyor Company Inc., ICM Airport Technics GmbH, Intelligented Co. Ltd., Jervis B. Webb Company, KITO Corporation, KNAPP AG
What Are the Major Trends Shaping the Material Handling Equipment Market Market?
One prominent trend emerging in the material handling equipment market is the focus on technological advancement. Leading businesses are placing a spotlight on developing new and innovative product technologies, particularly in the sector of electric material handling equipment, to consolidate their market standing. An example of this is Linde Material Handling, a company based in Germany that produces forklift trucks and warehouse equipment. In May 2022, they launched a range of electric heavy-duty forklift trucks with varying load capacities from 10 to 18 tons. This pioneering, compact series of heavy-duty trucks are based on the existing eight-ton range and incorporate elements like double drive, dual lifting hydraulics, twin batteries, and calibrated pumps.
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What Are the Top Revenue-Generating Geographies in the Material Handling Equipment Market Market?
Asia-Pacific was the largest region in the material handling equipment market share in 2024. The regions covered in the material handling equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Material Handling Equipment Market Market?
2. What is the CAGR expected in the Material Handling Equipment Market Market?
3. What Are the Key Innovations Transforming the Material Handling Equipment Market Industry?
4. Which Region Is Leading the Material Handling Equipment Market Market?
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