Material Handling Equipment Market size
is anticipated to reach $41.1 billion by 2025. The market is projected to
witness the high growth owing to the increasing manufacturing activities in the
pharmaceuticals, chemical, food & beverages and automotive industries
paired with safety concerns over the workplace. Moreover, a technological
development like robotic arms, escalators, automation, etc. started an
evolution in the industries which efficiently perform tasks with error free and
time & cost saving manufacturing processes, may fuel the market growth.
The increasing demand for retrieval systems and automated
storage in pharmaceutical, food & beverages, chemical, and automotive
industries are expected to be a key driving factor of the market growth due to
the adoption of equipment by manufacturers in warehouses as well as the distribution
& production centers.
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A variety of Automated, semi-automated, and manual material
handling equipment lower the handling cost, shorten the delivery time and
reduces the risk of damage and inventory. Thus, the adoption of material
handling equipment is projected to upsurge.
End-use Insights
The e-commerce industry is anticipated to persist as a
leading and fastest growing segment of the end-use due to the rising adoption
of material handling equipment for storage & transportation purpose in a
warehouse. These mechanical products used for the movement of goods, storage,
tracking products, organization of orders and protection of material. Thus,
they reinforce the operational capability, handle warehouse activities
efficiently, and streamline the supply chain.
The flourishing e-commerce and manufacturing industries like
textile, chemical, automotive, food & beverage, and pharmaceutical inducing
a demand for warehousing the goods for managing and storing purposes. Thus,
material handling systems act as a key factor in managing external and internal
manufacturing/warehousing operations. They are widely used in the automotive
industry owing to lessen the labor intensity, improved production activities,
and timely delivery of goods or material.
Regional Insights
Europe is one of the dominating regions with a significant
market share in 2015 and estimated over 35% of the sector share. However, APAC
is expected to grow at a CAGR of over 7% making the region a fastest growing
market in the forecast period. The increase in the manufacturing facilities,
paired with the expansion of the e-commerce and industrial sector in APAC, is
likely to drive the material handling equipment market in the region. Moreover,
the mounting importance of safety at a workplace in manufacturing and chemical
industries is projected to increase the demand in the forecast period.
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Market Segment:
Material Handling
Equipment Product Outlook (Revenue, USD Billion; 2014 - 2025)
• Storage
& handling equipment
• Automated
storage & retrieval system
• Industrial
trucks
• Bulk
material handling equipment
• Others
Material Handling
Equipment End-Use Outlook (Revenue, USD Billion; 2014 - 2025)
• Automotive
• Food &
beverages
• Chemical
•
Semiconductor & electronics
•
Pharmaceutical
• Others
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