What is Material Handling Equipment Market Scope?
Material handling equipment are those type of equipment which is widely used for the storage, control, movement and protection of materials as well as goods, Various benefits of using material handling equipment are Improve customer service, Shorten delivery times, Reduce inventory excesses, Improve handling through streamlining and better timing, Improve inventory management, enhance handling through streamlining & better timing and others benefits. Increasing usage of material handling equipment in various application such as automotive, food & beverages, chemical, semiconductor & electronics, E-Commerce, aviation, among others are some of the major factors which affect the growth of the market in future
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Material Handling Equipment market study is being classified by Type (Storage and Handling Equipment, Automated Storage and Retrieval System, Industrial Trucks, Bulk Material Handling Equipment and Others), by Application (
) and major geographies with country level break-up.
The global material handling equipment market is fragmented with too many small and large players such as Beumer Group GmbH & Co. KG (Germany), Intelligrated Systems Inc. (United States), Kion Group AG (Germany), among others across various regions Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Material Handling Equipment market throughout the predicted period.
Beumer Group GmbH & Co. KG (Germany), Intelligrated Systems Inc. (United States), Kion Group AG (Germany), Toyota Industries Corporation (Japan), Murata Machinery Ltd (Japan), Liebherr Group (Germany), KION Group AG (Germany), Jungheinrich AG (Germany), Viastore Systems GmbH (Germany) and WITRON Logistik + Informatik GmbH (Germany) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Eisenmann AG (Germany), Beumer Group GmbH & Co. KG (Germany), Jervis B. Webb Company, Columbus McKinnon Corporation, Crown Equipment Corporation, Hyster-Yale Materials Handling, Inc., Hytrol Conveyor Co., Inc. and Manitowoc Company, Inc..
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Material Handling Equipment market by Type, Application and Region.
On the basis of geography, the market of Material Handling Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In January 2019, the Linde Material Handling S.p.A. (Italy) Company has launched hydrogen fuel cell-powered forklift, which includes Roadster with fuel cell drive. Hence, would help in the expansion of the product portfolio of the company
Influencing Market Trend
- Technology Advancement in Material Handling Equipment such as the Internet of Things, Radio Frequency Identification and others
Market Drivers
- Significant Recovery in Global Manufacturing and Rising Labor Cost & Safety Concerns
- Growing growth of e-commerce Industry, Rapid Industrialization, And Automation in Manufacturing Sector across the World
Opportunities
- The growing level of order customization as well as personalization
- Growing Demand from Emerging Market such as China, India, Brazil, among others
Restraints
- Rising Upfront Cost of AMH Equipment for SMEs and High Integration & Switching Costs
Challenges
- Problem Regarding Loss in Production and Revenue Due to Unwanted Equipment Downtime
- Issue Related To Requirement of Skilled Workforce for Repair as Well as Maintenance
Key Target Audience
Manufacturers of Material handling equipment, Suppliers of Material handling equipment, Wholesalers, distributors, and retailers of Material handling equipment, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
Customization available in this Study:
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To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.