The global 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.
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Market Synopsis of Material Handling Equipment Market:
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.
The product handling equipment
reduces the cost as well as the risk of damaging a product due to manual
transportation and processing activities. Trucks are the dominating segment of
handling equipment and had the highest market share in 2015. However, retrieval
systems & automated storage is likely to acquire significant market share
over the forecast period owing to increased adoption of the automation systems
across the APAC.
Competitive Insights
The market is highly competitive
with the existence of major players and small vendors supplying a broad range
of the equipment. Furthermore, the industry is witnessing joint ventures or
acquisitions. For instance, in 2015, SSI Schaefer acquired MoTuM NV and
included Automated Guided Vehicles (AGV) in its product portfolio.
Additionally, manufacturers are
adopting automation to sustain in the market. At present, the sector is dominated
by global players, like SSI Schaefer, Daifuku, Murata Machinery Ltd., Kion
Group (Dematic), Mecalux S.A., and Vanderlande Industries B.V.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Material Handling
Equipment: Market Variables, Trends & Scope
Chapter 4 Material Handling
Equipment: Product Estimates & Trend Analysis
Chapter 5 Material Handling
Equipment: Application Estimates & Trend Analysis
Chapter 6 Material Handling
Equipment: End-use Estimates & Trend Analysis
Chapter 7 Material Handling
Equipment: Industrial End-use Estimates & Trend Analysis
Chapter 8 Material Handling
Equipment: Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Material Handling
Equipment: Manufacturers Company Profiles
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