Material Handling Equipment Market Size, Share, and Analysis, By Equipment Type (Transport Equipment, Handling Equipment, Racking and Storage Equipment and Others), By Industry (Consumer Goods & Electronics, Automotive, Food &Beverages, Pharmaceutical, Co

Material Handling Equipment Market Size, Share, and Analysis, By Equipment Type (Transport Equipment, Handling Equipment, Racking and Storage Equipment and Others), By Industry (Consumer Goods & Electronics, Automotive, Food &Beverages, Pharmaceutical, Construction, Semiconductors, Mining and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

Material Handling Equipment Market Size, Share, and Analysis, By Equipment Type (Transport Equipment, Handling Equipment, Racking and Storage Equipment and Others), By Industry (Consumer Goods & Electronics, Automotive, Food &Beverages, Pharmaceutical, Construction, Semiconductors, Mining and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

PRODUCT OVERVIEW

Material Handling Equipment Market is anticipated to grow at a CAGR of 5.8% in the forecast period (2024-2034), with the market size valued at USD 223.5 billion in 2023 and projected to reach USD 415.4 billion by 2034.

Material handling Equipment are a diverse range of tools, machinery and systems which are used in movement, storage, control and protection of materials during different stages of production, distribution, disposal, and consumption. These equipment consists a wider spectrum of conveyors, forklifts, cranes, hoists, robotics and Automated Guided Vehicles. Material Handling Equipment are playing a crucial role in improving operational efficiency, reducing manual labour, enhancing workplace safety, and easing the logistics and supply chain processes across industries such as manufacturing, construction, warehousing, and retail. The market is influenced by the increasing technological development, driven by the integration of IOT, AI and robotics which is all aimed at enlightening productivity and reducing the working time. Different factors such as growth of e-commerce, globalization of trade, and increased emphasis on automation and sustainability are expected to further help in the expansion of the material handling equipment market in the coming years.

MARKET HIGHLIGHTS

Material Handling Equipment Market is anticipated to reach USD 415.4 billion, growing at a CAGR of 5.8% during the forecast period owing to the expansion in the rising demand for automation and technological advancements in logistics and manufacturing sectors. Material handling equipment are generalized in different variants such as Transport Equipment, Handling Equipment, Racking and Storage Equipment and Others, these all are used efficiently for specific different tasks across Industries which can range from transporting logistics from one place or putting materials in different racks inside warehouses

Material Handling Equipment Market Segments:

• By Equipment Type
• Transport Equipment
• Handling Equipment
• Racking and Storage Equipment
• Others
• By Industry
• Consumer Goods & Electronics
• Automotive
• Food &Beverages
• Pharmaceutical
• Construction
• Semiconductors
• Mining
• Others

MARKET DYNAMICS

Growth Drivers

Growing Demand for Automation in Material Handling Process is significantly improving the market dynamics

Increased Adoption of E-commerce is leading to an overall surge in warehouse automation

Restraint

Lack of Skilled Workers are acting as a major challenge in material handling equipment market

Key Players

• Toyota Material Handling
• KION Group
• Jungheinrich AG
• Daifuku Co., Ltd.
• Mitsubishi Heavy Industries
• Hyster-Yale Group
• SSI Schaefer GmbH
• Dematic
• STILL GmbH
• Crown Equipment Corporation
• Komatsu Ltd.
• Linde Material Handling GmbH
• Doosan Industrial Vehicles
• Anhui Heli Co., Ltd.
• Hangcha Group Co., Ltd.
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Global Laboratory Temperature Control Units Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 3-month post-sales analyst support.

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