Market Research Report

Analysis of Material Handling Equipment Industry by Product Type (Storage Equipment, Conveyor Systems, Automated Guided Vehicles), by Application Type (Transportation, Packaging, & Distribution), by Services (Training, Support and Maintenance), and by End-User with Regional Outlook and forecast to 2024

Published Date :

2019-06-18

Report Pages :

290

Format :

Region Covered :

Global

Report Code :

Please Select Linenece Type

Global Material Handling Equipment Industry 

Market Outlook

The global material handling industry is growing exponentially on the back of growing e-commerce business and container traffic on airports and marine ports across the globe. Material handling involves managing the storage and logistics of goods & products to manufacturing facilities, distribution centers, and warehouses. Booming e-commerce industry has significantly augmented the material handling equipment market size owing to escalating need for faster deliveries to better cater to the consumers’ demand in the competitive landscape. Many major players in the e-commerce industry are installing warehouse management system (WMS) for real-time monitoring of inventory levels and to categorize the stock locations. Increased attraction can be seen in end-user industries to procure advanced material handling equipment on lease or rent. Thus, rental based material handling equipment would push the end-users to use advanced material handling equipment.

Goldstein Research analyst forecast the global material handling equipment industry to grow at a CAGR of 5.2% during the forecast period 2016-2024. The demand for material handling equipment in various industries around the world reached USD 82.6 billion in 2016, which is likely to reach USD 124.5 billion by the end of the forecast period. 

Material Handling Equipment Industry Segmentation

By Product Type

  • Storage Equipment
  • Conveyor systems
  • Robotic delivery systems
  • Automatic guided vehicles (AGV)
  • Industrial Trucks & Lifts

 By Applications Type

  • Storage and Retrieval
  • Transportation
  • Assembly
  • Packaging
  • Distribution

By Services

  • Software and Hardware (Installation and Up-gradations)
  • Training
  • Support and Maintenance

By End Users

  • Marine and Air Ports
  • Manufacturing Sector
  • Transportation and Logistics
  • Construction Industry
  • E-commerce

By Geography

  • North America (US, Canada) {Market Share (%), Market Size (USD Billion)}
  • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion)}
  • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion)}
  • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion)}
  • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion)}

Region & End Users with Major Market Share

Geographically, Asia Pacific region accounted for the largest market share of more than 35% revenue in global material handling equipment market. Growing manufacturing units in countries like India and China will amplify the application of such equipment over the next few years. The Asia Pacific region is projected to grow at a CAGR of around 7% during the forecast period. On the other hand, Europe is closely followed by the Asia pacific region, which occupied about 28% of the market share owing to the presence of big automotive industry players and huge automobile production in the region. 

Based on end users, the manufacturing sector accounted for the largest revenue of about 40% in global material handling equipment industry in 2016. Moreover, due to the huge increase in demand for products of the e-commerce industry, the retail segment is anticipated to account for the highest growth rate over the forecast period.

Market Dynamics- Drivers & Barriers to Growth

According to our global material handling equipment industry analysis on the basis of extensive primary and secondary research, one major trend in the industry is the rising adoption of automated or robotic material handling equipment. Around 20% of warehouses across the globe are automated and these automated warehouses use some sort of material handling automation such as conveyors, sorters and other mechanized equipment to upturn their efficiency and to improve the productivity of the existing workforce. Advanced robotic systems and their ability to increase productivity and profitability, are anticipated to propel the growth of global material handling equipment industry.

According to the report, a major driver in global material handling equipment industry is rapid urbanization across the globe. Half the global population now resides in urban areas, and this trend will continue marching forward. Retailers will need to transport smaller quantities of a wider range of products to more distant and remote locations to meet consumer demands in nearby future. Rapid urbanization and booming e-commerce industry is the major driving force for the growth of efficient and reliable material handling equipment.

Further, the report states that one challenge (barrier) in global material handling equipment market is the high initial investment and high maintenance cost expected to hinder market growth over the forecast period.

Covered in this Global Material Handling Equipment Industry Report

The report covers the present ground scenario and the future growth prospects of the material handling equipment market for 2016-2024 along with the total revenue of material handling equipment industry in every region. We calculated the industry size and revenue share on the basis of revenue generated per segment, regional and country level. The revenue forecast is given on the basis of the number of material handling equipment manufacturers and current growth rate of the market.

Global Material Handling Equipment Industry Outlook 2016-2024, has been prepared based on an in-depth analysis from industry experts. The report covers the competitive landscape and current position of major players in the global material handling equipment industry. The report also includes Porter's five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Material handling equipment industry report also recognizes value chain analysis to understand the cost differentiation to provide a competitive advantage to the existing and new entry players.

Key players Analysed in the report

Beumer, Daifuku, Kion Group, SSI SCHAEFER,   Vanderlande, Clark, Crown Equipment, Columbus Mckinnon, TOYOTA Material Handling Company, Mecalux S.A. and Murata Machinery Ltd.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this global material handling equipment industry report

  • What is the total market size by 2024 and what would be the expected growth rate of sales?
  • What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
  • What are the key indutry trends?
  • What are the factors which are driving this industry?
  • What are the major barriers to industry growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities for the existing and entry-level players?
  • What are the recent developments and business strategy of the key players?

We can provide two-hour complimentary interaction with our analyst after the purchase of this industry report. Details are imparted within the report.




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Analysis of Material Handling Equipment Industry by Product Type (Storage Equipment, Conveyor Systems, Automated Guided Vehicles), by Application Type (Transportation, Packaging, & Distribution), by Services (Training, Support and Maintenance), and by End-User with Regional Outlook and forecast to 2024

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