The global market for material handling equipment is projected to have considerable CAGR of around 7.6% during the forecast period. The market growth mainly driven by the increasing demand for automated material handling equipment in various industries that include automotive, e-commerce, food & beverages, retail, pharmaceutical, and manufacturing industry. These sectors are adopting various automated and manual material handling equipment for optimizing space, improve accuracy, productivity and efficiency in the supply chain management. The material handling equipment is commonly used in warehouse applications to utilize large floor space and manage inventory flow. Moreover, growing demand of automated material handling system such as industrial robots and automated conveyors further provide significant growth opportunity to the material handling equipment market.
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The Material Handling Equipment market is segmented based on product type and industry. Based on the product type, the market is further classified into automated storage and retrieval system (ASRS), bulk material handling equipment, storage and handling equipment, and industrial trucks. On the basis of industry the market is further segregated into automotive, aerospace & defense, retail & e-commerce, chemical, food & beverages, healthcare, and others. Among industries , the retail & e-commerce segment is projected to grow significantly owing to the rising adoption for safe, efficient and fast handling of packaging in the e-commerce and retail industry.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Material Handling Equipment Market by Product Type
- Automated Storage and Retrieval System (ASRS)
- Bulk Material Handling Equipment
- Storage and Handling Equipment
- Industrial Trucks
Material Handling Equipment Market by Industry
- Automotive
- Aerospace & Defense
- Retail & E-commerce
- Chemical
- Food & Beverages
- Healthcare
- Others(Electronics)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- BEMUR Group
- Bastian Solutions, Inc.
- Crown Equipment Corp.
- Daifuku Co., Ltd.
- Eisenmann SE
- Hanel Storage Systems
- Honeywell International, Inc.
- Hyster-Yale Materials Handling, Inc.
- IHI Corp.
- JBT Corp.
- Jungheinrich AG
- Kion Group AG
- KUKA AG
- Liebherr-International Deutschland GmbH
- Mecalux, S.A.
- Murata Machinery, Ltd.
- SSI Schaefer AG
- Swisslog Holding AG
- Toyota Industries Corp.
- Vanderlande Industries BV
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the Material Handling Equipment market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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