Material Handling Equipment Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: Toyota Industries Corporation, KION GROUP AG (ETR: KGX), Jugheinrich AG (ETR: JUN3)

Registering a CAGR of 7.5% over the forecast period, the market value of Material Handling Equipment is expected to reach US$ 14,405.70 million in the year 2027.

Material Handling Equipment Market Overview

Material handling equipment makes it easier to move, store, and control products and materials during the warehousing, manufacturing, distribution, consumption, and disposal processes. These machines allow for the efficient movement of heavy materials and large volumes of goods. By automating several processes, material handling equipment reduces the need for human intervention in industrial facilities.

Because material handling equipment uses machines, the operations are carried out smoothly, reducing labor costs and errors caused by human intervention. Furthermore, the demand for productivity is increasing in a variety of industrial sectors. These factors have aided automated systems in warehouse operations, automotive, and a wide range of other end-users. Similarly, material handling equipment vendors and manufacturers are enabling connectivity, which has increased visibility and information sharing. The sharing of real-time status provides business operators with a more complete picture throughout. Furthermore, recent growth in the e-commerce sector is driving overall growth in the material handling equipment industry.

The rapid growth of the e-commerce sector around the world, where consumers are purchasing regular goods in large quantities, is promoting the overall growth of the material handling equipment industry. In 2019, for example, USD 3.46 trillion was spent globally on online shopping. The trend of online shopping continues to grow, and it is regarded as a major market driver in the material handling equipment industry. The customization of equipment and systems that are integrated with warehouse and supply chain ecosystems is increasing visibility for manufacturers and industrial sectors. In addition, rising labor costs in developed countries are propelling the material handling equipment market forward.

Who are the Major Players in the Material Handling Equipment Market?

The global Material Handling Equipment includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Toyota Industries Corporation, KION GROUP AG (ETR: KGX), Jugheinrich AG (ETR: JUN3), Daifuku Co., Ltd., Mitsubishi Caterpillar Forklift America, Inc., SSI Schaefer Group, Crown Equipment Corporation, Hyster-Yale Materials Handling Inc. (NYSE: HY), Honeywell Intelligrated, Beumer Group GmbH & Co., Kg. and others.

Industry News and Updates:

In the year 2019, Godrej, one of the market's leading players, has decided to broaden its product portfolio by introducing the Godrej Ren TRUST equipment, which provides clients with solutions for managing manpower, machine, and fuel efficiency.

Daifuku has acquired an Indian manufacturer of material handling equipment.

Apr 04, 2019— On April 3, 2019, Daifuku Co., Ltd. announced the completion of its acquisition of India-based Vega Conveyors & Automation Private Limited ("Vega"). Within its domestic Indian market, Vega is involved in the consulting, design, manufacture, installation, and after-sales service of conveyors and other material handling equipment.

Toyota Industries North America acquires Hoist Liftruck

(February 13, 2019) – Toyota Industries North America, Inc. has announced an agreement to acquire the assets of Hoist Liftruck Mfg., LLC, effective February 8, 2019. Hoist Material Handling, Inc. will be the new company's name.

What are the major Applications, Types, and Regions for the Material Handling Equipment Market?

The market is segmented based on the type, applications, companies, and regions.

By Type, it is segmented into

• Storage & handling equipment


• Industrial trucks


• Bulk material handling equipment


• Robotics


• Automate Storage & Retrieval System (AS/RS)

By Application, it is segmented into

• 3PL


• E-Commerce


• Manufacturing


• Food & beverages


• General merchandise


• Food retail


• Pharmaceutical/healthcare

Material Handling Equipment Market Regional Analysis

Currently, the Asia-Pacific region is expected to dominate the overall growth of the material handling equipment industry during the forecast period, with a healthy CAGR. This is because of rising demand in the automotive, manufacturing, and other key end-user industries. Countries such as South Korea, China, and Taiwan have been increasingly adopting modern material handling methods in recent years to meet the growing demand for manufacturing services.

On the other hand, North America is expected to see significant growth in material handling equipment due to increased sales across the region as a result of the e-commerce industry. The rising popularity of both durable and non-durable goods is propelling the material handling equipment industry forward. Furthermore, the adoption of automated warehouse practices across North America is fueling the overall growth of the material handling equipment industry.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Material Handling Equipment Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Material Handling Equipment Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Material Handling Equipment Market report scope?

Scope of the Report covers the Material Handling Equipment Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Material Handling Equipment Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.

Report Attributes	Report Details
Report Title	Material Handling Equipment Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: Toyota Industries Corporation, KION GROUP AG (ETR: KGX), Jugheinrich AG (ETR: JUN3)
Forecast Period 2022 to 2027 CAGR	CAGR of 7.5% over the forecast period (2022-2027)
By Type	Storage & handling equipment Industrial trucks Bulk material handling equipment Robotics Automate Storage & Retrieval System (AS/RS)
By Application	3PL E-Commerce Manufacturing Food & beverages General merchandise Food retail Pharmaceutical/healthcare
By Companies	Toyota Industries Corporation, KION GROUP AG, Jugheinrich AG, Daifuku Co., Ltd., Mitsubishi Caterpillar Forklift America, Inc., SSI Schaefer Group, Crown Equipment Corporation, Hyster-Yale Materials Handling, Inc., Honeywell Intelligrated, Beumer Group GmbH & Co., Kg.
Regions Covered	North America Europe Asia-Pacific Rest of the World
Countries Covered	US Canada Germany France UK Italy Spain Rest of Europe China Japan India Australia South Korea Rest of Asia-Pacific Middle East & Africa Latin America
Base Year	2022
Historical Year	2017 to 2021
Forecast Year	2022 to 2027
Number of Pages	105
Customization Available	Yes, the report can be customized as per your needs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Key Takeaways from this Material Handling Equipment Report

• Evaluate Material Handling Equipment market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and different industries verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.


• Get in-depth insights on your competitor’s performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies to your processes.


• Get a quick outlook on the Material Handling Equipment market entropy – M&As, deals, partnerships, and product launches of all key players for the past 5 years.


• Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.

Frequently Asked Questions

What is the study period of this market?

The Material Handling Equipment Market is studied from 2017 - 2027.

What is the growth rate of the Material Handling Equipment Market?

The Material Handling Equipment Market is growing at a CAGR of 7.5% over the next 5 years.

Who are the key players in Material Handling Equipment Market?

Toyota Industries Corporation, KION GROUP AG, Jugheinrich AG, Daifuku Co., Ltd., Mitsubishi Caterpillar Forklift America, Inc., SSI Schaefer Group, Crown Equipment Corporation, Hyster-Yale Materials Handling, Inc., Honeywell Intelligrated, Beumer Group GmbH & Co., Kg.

What regions does this Material Handling Equipment Market report cover?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Material Handling Equipment Market?

Storage & handling equipment, Industrial trucks, Bulk material handling equipment, Robotics, Automate Storage & Retrieval System (AS/RS)

What are the major end-use applications of Material Handling Equipment Market?

3PL, E-Commerce, Manufacturing, Food & beverages, General merchandise, Food retail, Pharmaceutical/healthcare

 

All our reports are custom made to your company’s needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.