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Material Handling Equipment Market Leveraging Demand from E-Commerce Sector

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Vaishali Reddy
Material Handling Equipment Market Leveraging Demand from E-Commerce Sector

"The global material handling equipment market size value at $145.21 million as of 2018, and the demand is projected to grow at a compound annual growth rate (CAGR) of 7.50% during the forecast period of 2019 to 2025."

 

A continuous rise in the demand for automation and pick and place robots in industries have revolutionized the material handling equipment market. In developing economies, industrialization and modernization are ongoing at a rampant rate and the analyst of the latest IndustryARC report has foreseen fruitful returns. The report has estimated the global material handling equipment market size value at $145.21 million as of 2018, and the demand is projected to grow at a compound annual growth rate (CAGR) of 7.50% during the forecast period of 2019 to 2025.

The report is titled “Material Handling Equipment Market“: by Product Type (Conveying Equipment, Hoist, Cranes and Monorail); End-use Industry (Aerospace, Agriculture, Air Cargo and Construction) and Geography – Forecast (2019-2025).” The report also documents that increasing investments in the construction and real estate, automation, and robotics sector by start-up companies is another key factor driving the material handling equipment market. This report covers material handling equipment market size by type and end-use industry, material handling equipment market share by top 5 companies and also the market share by start-ups during the forecast period.

View Full Table of Contents of Material Handling Equipment Market:

https://www.industryarc.com/Report/15296/material-handling-equipment-market.html

Report Price (Single User): US $3850

Global Material Handling Equipment Market: Demand Analysis

Material handling equipment has a diverse range of tools and accessories that are involved in transporting, controlling, storing, and protecting the products. There are four major categories: transport equipment, positioning equipment, unit load formation equipment, and storage equipment. This one of the most essential part of the supply chain for varied industries.

Global Material Handling Equipment Market: Leading Segment

Currently, global material handling equipment is dominated by APAC, which captured 38.19% of the total share in 2018. China has been identified as one of the fastest emerging economies and contributes the most in the development of APAC. The Made in China 2025 initiative by the Government of China is targeting to produce higher value products and services. This has encouraged global and domestic start-up companies to invest more in the market. The growing adoption of technologies like digital analytics, remote monitoring, and an autonomous vehicle in APAC is encouraging the material handling equipment market to grow.

Moreover, the key application segment in the material handling equipment market that is identified by the IndustryARC report is shipping. The growth opportunities in this application are estimated to observe an impressive CAGR of 8.10% during the forecast period of 2019-2025. The material handling equipment is a young and innovative sector with tremendous economic and ecological potential. APAC has started to acknowledge the benefits of it and has started investing ample money in the sector.

Talk to one of our sales representative about the full report by providing your details in the link below:

https://www.industryarc.com/support.php?id=15296

Global Material Handling Equipment Market: Market Trends and Growth Drivers

Robots and artificial intelligence have started to replace the jobs. Material handling equipment in various organizations is now being replaced with robots. This application ranges far beyond the self-driven cars and trucks. The companies are using AI to enhance inventory and operations.

E-commerce adoption has widely increased shipments that can track real-time movements of the goods and services. In this era, it has become more promising and useful. This has eventually driven the material handling equipment market growth.

Material handling is no longer dependent on the workforce, the era has changed and now only the skilled labors are being hired to handle the equipment. The company has to incur less cost and the labors are being more efficient.
The electric-powered material handling equipment is becoming more popular day-by-day globally in warehouses and many distribution centers. It helps in preventing costs due to charging batteries.

Material handling is highly influenced by the Internet of Things (IoT). The Warehouse Management System has completely relied on IoT. The data comes from material handling, as it uses messaging technology to distribute relevant messages to the appropriate people and systems. This has had a high influence on the demand and growth of the material handling equipment market.

Global Material Handling Equipment Market: Competitive Landscape

Some of the key companies identified in the report that are currently holding majority shares in the global material handling equipment market are Liebherr Group, KION Group AG, Jungheinrich AG, Viastore Systems GmbH, Eisenmann AG, Columbus McKinnon Corporation, Crown Equipment Corporation, Hytrol Conveyor Co., Inc, Xuzhou Heavy Machinery Co., Ltd, and Toyota Industries Corporation.

Related Reports:

A. Fluid Power Equipment Market

https://www.industryarc.com/Report/18690/fluid-power-equipment-market.html

B. Cargo Handling Equipment Market

https://www.industryarc.com/Research/Cargo-Handling-Equipment-Market-Research-505723

About IndustryARC:

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting services.

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