November 22, 2021 05:00 ET | Source: Market Research Report Market Research Report
Pune, India, November 22, 2021 (GLOBE NEWSWIRE) - According to MarketStudyReport, the global material handling equipment market is valued at US$26.3 billion in 2020 and is expected to grow at a compound annual growth rate of 7.4% from 2021 to 2027, followed by an increase in US dollars At the end of the forecast period, it was 43.35 billion.
In addition, the document requires PEST analysis and Porter's five forces assessment to help develop an effective growth action plan. It also includes information about top companies, including their product/service quotations, financial status, and recent developments to help newcomers and other stakeholders make informed decisions.
The market growth can be attributed to the increasing development of public infrastructure (such as railway networks, seaports, airports, etc.), as well as the booming e-commerce industry. In addition, technological progress and the introduction of light equipment are driving the development of the industry.
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Faced with challenges, high initial investment and high maintenance costs may hinder the industry's salary range during the research period.
Europe, North America, Asia Pacific and Latin America are the key areas considered in the regional analysis of the global material handling equipment market. Senior analysts pointed out that due to the increasing use of advanced products to support the large-scale industrial presence in the region, Europe currently accounts for a large part of the industry’s revenue.
On the other hand, due to the booming manufacturing industry in the region, the Asia-Pacific region is expected to become the main channel for market participants. In addition, investment in infrastructure development activities in developing economies may enhance the prospects of regional industries. For example, according to a September 2021 study by the Brand Equity Foundation of India, the Airport Authority of India (AAI) plans to invest US$3.58 billion in the next five years to improve airport facilities and infrastructure.
Vanderlande Industries BV, Toyota Material Handling Group, Swisslog Holding AG, SSI Schaefer AG and Honeywell International Inc. are some of the major companies that influence the overall material handling equipment industry trends.
Leading organizations are actively participating in strategic plans such as mergers and acquisitions, new product launches and manufacturing capacity expansion to maintain their position in the vertical field. For example, Godrej Material Handling increased its product offering by introducing Godrej RenTRUST equipment in July 2019, which provides customers with choices in terms of personnel, fuel, machinery, and maintenance.
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Global material handling equipment market, by product type (value, billion U.S. dollars, 2018-2027)
·Bulk material handling equipment·Industrial trucks·Automated warehouse retrieval system·Warehouse handling equipment·Others
Global material handling equipment market, by end-use range (value, billion U.S. dollars, 2018-2027)
·Pharmaceutical·Aerospace·E-commerce·Semiconductor and Electronics·Chemical·Food and Beverage·Automobile·Others
Regional bifurcation of the global material handling equipment market (value, billion U.S. dollars, 2018-2027)
Major players in the global material handling equipment market (value, billion U.S. dollars, 2018-2027)
1.2. 2019-2027 Global and Segmented Market Estimates and Forecasts (Billion USD)
1.2.1. 2019-2027 Material Handling Equipment Market by Region (Billion USD)
1.2.2. Material handling equipment market, by product, 2019-2027 (US$ billion)
1.2.3. Material Handling Equipment Market, By End Use, 2019-2027 (Billion USD)
Chapter 2 Definition and Scope of Global Material Handling Equipment Market
2.3. Year considered for research
Chapter 3 Global Material Handling Equipment Market Dynamics
3.1. Market Impact Analysis of Material Handling Equipment (2019-2027)
Chapter 4 Global Material Handling Equipment Market Industry Analysis
4.1.6. Future methods of Porter's 5 force model (2018-2027)
Chapter 5 Global Material Handling Equipment Market, By Product
5.2. Global Material Handling Equipment Market by Product and Performance-Potential Analysis
5.3. 2018-2027 Global Material Handling Equipment Market Estimates and Forecasts (Billion USD)
5.4. Material handling equipment market, market segment analysis
5.4.2. Automatic storage and retrieval system
Chapter 6 Global Material Handling Equipment Market, By End Use
6.1. Global Material Handling Equipment Market by End Use and Performance-Potential Analysis
6.2. 2018-2027 end-use global material handling equipment market estimates and forecasts (Billion USD)
6.3. Material handling equipment market, market segment analysis
Chapter 7 Global Material Handling Equipment Market, Regional Analysis
Material handling equipment market size, industry analysis report, regional outlook, growth potential, competitive market share and forecast, 2021-2027
The report estimates that with the rapid expansion of the manufacturing and industrial sectors, the global material handling equipment market will continue to grow in the next few years, that is, from 2021 to 2027. The proliferation of e-commerce will further promote market trends in the next few years. As the demand for improved production efficiency continues to grow, manufacturing may account for the majority of this demand. Storage and handling equipment can efficiently store raw materials during the production process and later in the finished product. This department includes products such as shelves, shelves, trash bins, drawers, stacking frames and mezzanine. Regional manufacturers are working to design innovative solutions that meet the specific requirements of the end-use industry. For example, recently in March 2021, Packline Materials Handling and Ultrasource LLC launched a new roll handling equipment designed to process thick foil or film rolls with a core diameter of 6 inches or more.
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