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Material Handling Equipment Market to cross $190 bn by 2024

Author: Rahul Varpe
by Rahul Varpe
Posted: Nov 29, 2017

Material handling equipment Market has evolved in the past few years with advanced technological interventions such as voice picking, RFID, Big data analytics, IoT, etc. With the developments in logistics operations globally, the adoption of material handling systems across several end users has turned huge. A strong investment in the installation of these machineries in warehouses to enhance the productivity, is anticipated to directly influence material handling equipment market growth path. Some of the end use industries such as general merchandise, food retail, and durable manufacturing are also automating their production base by incorporating material handling equipment in the process. As per Global Market Insights Inc., "Material handling equipment market having held a revenue of USD 110 billion in 2015, is slated to exceed USD 190 billion in the next seven years, with a projected CAGR of 5% over the period of 2016-2024."

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Automated Storage & Retrieval System (AS/RS)), industrial trucks, storage & handling equipment, and robotics are the major products prevalent in the market. Material handling equipment Market from robots is witnessing a significant demand. The high-end manufacturing plants are incorporating robots to offer high level productivity on grounds of minimum manual error. These robots can efficiently transport objects from one location to other without human involvement.

Industrial trucks usage has also increased in the recent times. The recurring transfer of goods from one place to other through a conveyor system is not at all a convincing option, which in turn is propelling material handling equipment market demand from industrial trucks sector. In a continuously developing dynamic manufacturing environment, automated storage & retrieval System (AS/RS) will also witness large scale adoption. (AS/RS) requires less human involvement, reduced floor space, and inventory levels, which puts them on a higher edge than manual storage approaches.

Latest Research Report on Material Handling Equipment Market @

https://www.gminsights.com/Market-analysis/material-handling-equipment-market

E-commerce is expected to dominate the application landscape for material handling equipment Market in the years ahead. The advent of e-commerce has provided the customers with an infinite variety of choices, leading to a surging demand for faster deliveries worldwide. Numerous vendors of e-commerce Market are installing ware house management system for monitoring inventory levels, which is expected to have a direct impact on material handling equipment market growth chart.

Asia-Pacific region is anticipated to witness substantial growth in material handling equipment Market in the coming timeframe. A major share of the region’s growth projection can be credited to the increasing industrial developments and the growing adoption of E-commerce across this belt that propels the implementation of material handling equipment. In addition to this, low labor and reduced transportation costs across these regions is allowing the manufacturers to incline toward automated systems, which in turn is influencing the regional growth.

Material handling equipment market is highly competitive with more number of Market participants investing in research activities to upgrade the product portfolio. Though high maintenance cost is acting as a major challenge for the market players, yet global consumer cravings for integrating advanced technologies in logistics operations is expected to catalyze the market demand. Some of the key players in material handling equipment Market include Kion Group AG, Daifuku Co. Ltd, Bastian Solutions LLC, Dematic GmbH, etc.

Report Content

Chapter 1 Methodology & Scope

1.1 Methodology

1.1.1 Initial data exploration

1.1.2 Statistical model and forecast

1.1.3 Market insights and validation

1.1.4 Definition and forecast parameters

1.2 Data Sources

1.2.1 Primary

1.2.2 Secondary

Chapter 2 Executive Summary

2.1 Material handling equipment Market 3600 synopsis, 2013 - 2024

2.1.1 Business trends

2.1.2 Regional trends

2.1.3 Product trends

2.1.4 Application trends

Chapter 3 Material Handling Equipment Market Insights

3.1 Market segmentation

3.2 Market size and forecast, 2013 - 2024

3.3 Market ecosystem analysis

3.3.1 Vendor matrix

3.3.2 Distribution channel analysis

3.4 Technology & innovation landscape

3.4.1 Robotics Market outlook

3.4.2 Data analytics

3.4.3 Energy efficiency measures

3.4.4 IoT

3.5 Regulatory landscape

3.5.1 U.S.

3.5.2 EU

3.5.3 China

3.6 Market impact forces

3.6.1 Growth drivers

3.6.1.1 Growing automation measures

3.6.1.2 Attractive e-commerce Market

3.6.1.3 Technological advancements

3.6.1.4 High productivity levels

3.6.2 Market pitfalls & challenges

3.6.2.1 High cost

3.6.2.2 Technical failures

3.7 Growth potential analysis

3.8 Customer analysis

3.8.1 3PL

3.8.1.1 Global market size, 2013-2024

3.8.1.2 Overview of key players

3.8.2 E-commerce

3.8.2.1 Global market size, 2013-2024

3.8.2.2 Overview of key players

3.8.3 General merchandise

3.8.3.1 Global market size, 2013-2024

3.8.3.2 Overview of key players

3.8.4 Food retail

3.8.4.1 Global market size, 2013-2024

3.8.4.2 Overview of key players

3.8.5 Food & beverage

3.8.5.1 Global market size, 2013-2024

3.8.5.2 Overview of key players

3.8.6 Durable manufacturing

3.8.6.1 Global market size, 2013-2024

3.8.6.2 Overview of key players

3.9 Competitive landscape, 2015

3.9.1 Product development

3.9.2 M&A landscape

3.10 Porter’s analysis

3.11 PESTEL analysis

Contact us:

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone:1-302-846-7766

Toll Free: 1-888-689-0688

About the Author

About Global Market Insights, Inc. Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services.

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Author: Rahul Varpe

Rahul Varpe

Member since: Apr 13, 2017
Published articles: 134

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