Material Handling Equipment Market: Growth Trends, Market Share, and Revenue Forecast by 2024

The Material Handling Equipment Market sector is undergoing significant transformation, with substantial growth and technological advancements expected by 2032. According to a new in-depth market research report, the sector is poised for expansion, driven by various factors such as market size, share, and emerging trends.

This comprehensive report provides key insights into the Material Handling Equipment Market, exploring critical market segmentation and definitions. It highlights the essential components driving growth, offering a clear picture of the industry’s trajectory. Utilizing SWOT and PESTEL analyses, the report evaluates the market’s strengths, weaknesses, opportunities, and threats, while also considering political, economic, social, technological, environmental, and legal factors that impact the market landscape.

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Market Summary:

The global material handling equipment market size was valued at USD 216.6 billion in 2022. The market is projected to grow from USD 227.4 billion in 2023 to USD 342.0 billion by 2030, exhibiting a CAGR of 6.0% during the forecast period.

Recent industry developments are;

• KION Group, a leader in the material handling equipment sector has made a strategic alliance with the Li-Cycle, an lithium ion resource leader to strengthen their battery recycling and sustainability offerings position in the industry.
• Crown equipment corporation, expnded its product portfolio with Internal combustion and Electric counterbalance forklifts that can offer a carrying capacity upto 5.5 tons.
• Toyota Industries Corporation’s division Toyota Material Handling Japan (TMHJ) has developed an autonomous AI lift trucks that locates, position trucks, loads and generates an automated routes for loading operations.
• SSI Schaefer, a leader in intralogistic sector has launched its SSI Mobile robots and shelving systems improving intralogistic operations and speed up logistic processes and reduce cost offering partial automation option to intralogistic sector.

Browse Detailed TOC, Tables and Figures with Charts which is spread across 100+ Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.

Major Players:

Daifuku Co., Ltd. (Japan), Liebherr Group (Switzerland), Schaefer System International Ltd. (Germany), Toyota Industries Corporation (Japan), Beumer Group (Germany), Jungheinrich AG (Germany), Godrej Group (India), Kion Group AG (Germany), Action Construction Equipment Ltd. (India), Hyster-Yale Materials Handling, Inc. (U.S.), Swisslog Holding AG (Germany), Crown Equipment Corporation (U.S.), Hyster-Yale Materials Handling, Inc. (U.S.), Mitsubishi Logisnext Co., Ltd. (Japan), KUKA AG (Germany)

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Material Handling Equipment Market Segmentation:

By Equipment Type

• Transport Equipment
  • Roller
  • Chain
  • Wheel
  • Others (Vertical, Screw Conveyor, Inclined Belt)
  • Jib Cranes
  • Bridge Cranes
  • Gantry Cranes
  • Others (Hammerhead, Telescopic, Crawler)
  • Hand Trucks
  • Pallet Trucks
  • Lift Truck
  • Others (Pallet Jacks, Side Loaders, Walking Stackers)
  • Conveyors
  • Cranes
  • Industrial Trucks
  • Automated Guided Vehicles AGVs
  • Others (Hoppers, Reclaimers)
• Handling Equipment
  • Dock Leveler
  • Hoist
  • Others (Rotary Index Table, Lift/Tilt/Turn Table, Parts Feeder, Balancer)
• Racking & Storage Equipment
  • Automatic Storage/Retrieval System
  • Selective Pallet Rack
  • Others (Sliding Racks, Stacking Frames, Push-back Racks)
  • Others (Unit Load Formation Equipment, Identification, and Control Equipment)

By Industry

• • Consumer Goods & Electronics
  • Automotive
  • Food & Beverages
  • Pharmaceutical
  • Construction
  • Mining
  • Semiconductors
  • Others (Aviation, Chemicals)

Reasons to purchase this report:

This report offers a detailed analysis of the competitive landscape, emerging growth areas, market conditions, and key trends within the Material Handling Equipment Market. It helps businesses identify expansion opportunities while addressing potential risks and challenges. By assessing product portfolios and business segments, the report provides valuable insights that guide stakeholders in formulating informed investment and market strategies.

The in-depth understanding of industry dynamics presented in the report supports the creation of effective strategies for success in the Material Handling Equipment Market, greatly enhancing decision-making. Overall, this report is an essential resource for those looking to stay updated in this rapidly evolving industry.

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Drivers & Restraints:

• Drivers:
  • Growing demand for automation and efficiency in logistics and warehousing operations to enhance productivity.
  • Increasing investment in infrastructure development and manufacturing activities across various industries.
• Restraints:
  • High initial costs associated with purchasing and implementing advanced material handling equipment.
  • Challenges related to skilled labor shortages and the need for training in operating sophisticated equipment.

Table of Contents:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Key Industry Developments – Merger, Acquisitions, and Partnerships
  • Porter’s Five Forces Analysis
  • SWOT Analysis
  • Technological Developments
  • Value Chain Analysis

TOC Continued…!

Material Handling Equipment Market Regional Segmentation:

• North America (By Equipment Type, By Industry, By Country
  • U.S. (By Industry)
  • Canada (By Industry)
• Europe (By Equipment Type, By Industry, By Country)
  • Germany (By Industry)
  • Italy (By Industry)
  • France (By Industry)
  • Spain (By Industry)
  • U.K. (By Industry)
  • Rest of Europe
• Asia Pacific (By Equipment Type, By Industry, By Country)
  • China (By Industry)
  • Japan (By Industry)
  • India (By Industry)
  • Southeast Asia (By Industry)
  • Rest of Asia Pacific
• Middle East & Africa (By Equipment Type, By Industry, By Country)
  • GCC (By Industry)
  • South Africa (By Industry)
  • Rest of Middle East and Africa
• Latin America (By Equipment Type, By Industry, By Country)
  • Brazil (By Industry)
  • Mexico (By Industry)
  • Rest of Latin America

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