Report Feature
Material Handling Equipment Market Trends and Forecast
The future of the material handling equipment market looks promising with opportunities in the automotive, food & beverage, chemical, semiconductor & electronics, e-commerce, aviation, and pharmaceutical markets. The global material handling equipment market is expected to grow with a CAGR of 5% to 7% from 2023 to 2028. The major drivers for this market are improving investments in the construction & industrial sector and favorable government initiatives worldwide encourage new infrastructure development.
The future of the material handling equipment market looks promising with opportunities in the automotive, food & beverage, chemical, semiconductor & electronics, e-commerce, aviation, and pharmaceutical markets. The global material handling equipment market is expected to grow with a CAGR of 5% to 7% from 2023 to 2028. The major drivers for this market are improving investments in the construction & industrial sector and favorable government initiatives worldwide encourage new infrastructure development.
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Material Handling Equipment Market by Segment
The study includes a forecast for the global material handling equipment market by product, application, and region, as follows:
Material Handling Equipment Market by Product [Value ($B) Shipment Analysis from 2017 to 2028]:
- Storage and Handling Equipment
- Automated Storage and Retrieval System
- Industrial Trucks
- Bulk Material Handling Equipment
- Others
Material Handling Equipment Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
- Automotive
- Food & Beverages
- Chemical
- Semiconductor & Electronics
- E-commerce
- Aviation
- Pharmaceutical
- Others
Material Handling Equipment Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Material Handling Equipment Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies material handling equipment companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the material handling equipment companies profiled in this report include.
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies material handling equipment companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the material handling equipment companies profiled in this report include.
- Toyota Industries
- KION GROUP
- Jugheinrich
- Daifuku
- Swisslog Holding
- SSI Schaefer Group
- Crown Equipment
- Honeywell International
- Beumer Group
Material Handling Equipment Market Insights
- Lucintel forecasts that industrial trucks will remain the largest segment over the forecast period due to their wide area of application in an industrial setting. Additionally, these trucks are used to transport huge containers or boxes in a variety of end-use markets.
- E-commerce is expected to remain the largest segment due to increased penetration of the online shopping platforms, the existence of large online merchants, and rising logistics infrastructure.
- APAC will remain the fastest growing region due to rising disposable income levels and increased spending on infrastructure & supply chains.
Features of the Material Handling Equipment Market
- Market Size Estimates: Material handling equipment market size estimation in terms of value ($B)
- Trend and Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
- Segmentation Analysis: Material handling equipment market size by various segments, such as by product, application, and region
- Regional Analysis: Material handling equipment market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis on growth opportunities in different by product, application, and regions for the material handling equipment market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the material handling equipment market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the material handling equipment market size?
Answer: The global Material Handling Equipment market is expected to reach an estimated $xx billion by 2028.
Q2. What is the growth forecast for material handling equipment market?
Answer: The global material handling equipment market is expected to grow with a CAGR of 5% to 7% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the material handling equipment market?
Answer: The major drivers for this market are improving investments in the construction & industrial sector and favorable government initiatives worldwide encourage new infrastructure development.
Q4. What are the major segments for material handling equipment market?
Answer: The future of the material handling equipment market looks promising with opportunities in the automotive, food & beverages, chemical, semiconductor & electronics, e-commerce, aviation, and pharmaceutical market.
Q5. Who is the key material handling equipment companies?
Answer: Some of the key material handling equipment companies are as follows:
Q1. What is the material handling equipment market size?
Answer: The global Material Handling Equipment market is expected to reach an estimated $xx billion by 2028.
Q2. What is the growth forecast for material handling equipment market?
Answer: The global material handling equipment market is expected to grow with a CAGR of 5% to 7% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the material handling equipment market?
Answer: The major drivers for this market are improving investments in the construction & industrial sector and favorable government initiatives worldwide encourage new infrastructure development.
Q4. What are the major segments for material handling equipment market?
Answer: The future of the material handling equipment market looks promising with opportunities in the automotive, food & beverages, chemical, semiconductor & electronics, e-commerce, aviation, and pharmaceutical market.
Q5. Who is the key material handling equipment companies?
Answer: Some of the key material handling equipment companies are as follows:
- Toyota Industries
- KION GROUP
- Jugheinrich
- Daifuku
- Swisslog Holding
- SSI Schaefer Group
- Crown Equipment
- Honeywell International
- Beumer Group
Q6. Which material handling equipment segment will be the largest in future?
Answer: Lucintel forecasts that industrial trucks will remain the largest segment over the forecast period due to their wide area of application in an industrial setting. Additionally, these trucks are used to transport huge containers or boxes in a variety of end-use markets.
Q7. In material handling equipment market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the fastest growing region due to rising disposable income levels and increased spending on infrastructure & supply chains.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
Answer: Lucintel forecasts that industrial trucks will remain the largest segment over the forecast period due to their wide area of application in an industrial setting. Additionally, these trucks are used to transport huge containers or boxes in a variety of end-use markets.
Q7. In material handling equipment market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the fastest growing region due to rising disposable income levels and increased spending on infrastructure & supply chains.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
Table of Contents
1. Executive Summary
4.1 Global Material Handling Equipment Market by Region
4.2.1 North American Material Handling Equipment Market by Product: Storage and Handling Equipment, Automated Storage and Retrieval System, Industrial Trucks, Bulk Material Handling Equipment, and Others
4.2.2 North American Material Handling Equipment Market by Application: Automotive, Food & Beverages, Chemical, Semiconductor & Electronics, E-Commerce, Aviation, Pharmaceutical, and Others
4.3.1 European Material Handling Equipment Market by Product: Storage and Handling Equipment, Automated Storage and Retrieval System, Industrial Trucks, Bulk Material Handling Equipment, and Others
4.3.2 European Material Handling Equipment Market by Application: Automotive, Food & Beverages, Chemical, Semiconductor & Electronics, E-Commerce, Aviation, Pharmaceutical, and Others
4.4.1 APAC Material Handling Equipment Market by Product: Storage and Handling Equipment, Automated Storage and Retrieval System, Industrial Trucks, Bulk Material Handling Equipment, and Others
4.4.2 APAC Material Handling Equipment Market by Application: Automotive, Food & Beverages, Chemical, Semiconductor & Electronics, E-Commerce, Aviation, Pharmaceutical, and Others
4.5.1 ROW Material Handling Equipment Market by Product: Storage and Handling Equipment, Automated Storage and Retrieval System, Industrial Trucks, Bulk Material Handling Equipment, and Others
4.5.2 ROW Material Handling Equipment Market by Application: Automotive, Food & Beverages, Chemical, Semiconductor & Electronics, E-Commerce, Aviation, Pharmaceutical, and Others
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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Key Questions
- • What are some of the most promising, high-growth opportunities for the material handling equipment market by product (storage and handling equipment, automated storage and retrieval system, industrial trucks, bulk material handling equipment, and others), application (automotive, food & beverages, chemical, semiconductor & electronics, e-commerce, aviation, pharmaceutical, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
- • Which segments will grow at a faster pace and why?
- • Which region will grow at a faster pace and why?
- • What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
- • What are the business risks and competitive threats in this market?
- • What are the emerging trends in this market and the reasons behind them?
- • What are some of the changing demands of customers in the market?
- • What are the new developments in the market? Which companies are leading these developments?
- • Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
- • What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
- • What M&A activity has occurred in the last 5 years and what has its impact been on the industry? For any questions related to material handling equipment market or related to material handling equipment companies, material handling equipment market size, material handling equipment market share, material handling equipment analysis, write Lucintel analyst at email: helpdesk@lucintel.com we will be glad to get back to you soon.
