More than 50.0 percent of industry owners expect new projects to be delayed or halted as a result of the coronavirus epidemic. In contrast, over 30.0 percent of owners anticipate modifying sales revenue based on ongoing projects. The figures presented do not bode well for market development, unless OEMs intend to shift digitally. Investments in power and battery technology are expected to drive market expansion. Apart from the uncertainties caused by the coronavirus pandemic, favorable government policies worldwide support the construction of new infrastructure, resulting in growth opportunities for the material handling equipment market during the forecast period. Economies such as India, China and Southeast Asia are attracting international investment, supporting infrastructure and industrial development, thus creating new opportunities for growth.
Material Handling Equipment Market Report Research Scope and Methodology
The study vividly depicts the material handling equipment market structure, including current market trends and forecasts to find potential investment opportunities. It includes a number of aspects that influence the market, such as historical data, recent technical advances, competitive landscape and government policies. The Material Handling Equipment market research informs clients about important drivers, restraints, challenges, and opportunities. The market is segmented into three major parts for ease of understanding, and these major segments of the material handling equipment markets are further divided into several sub-segments. The research also includes a segment-by-segment analysis of the variables influencing market growth, as well as a competitive analysis of prominent market competitors based on their expansion strategies, product, investments, price, and presence in the Treatment Equipment sector. Materials.
The data obtained for the Material Handling Equipment market study using these methodologies was collated to draw reliable and error-free conclusions. Interviews with subject matter experts, material handling equipment industry participants, senior executives of market leading companies, industry consultants and other experts were conducted as part of primary research. PESTLE analysis in market research supports the development of company strategies. The strengths and weaknesses of the material handling equipment market were determined using a SWOT analysis.
Material Handling Equipment Market Overview:
The research looks at the drivers and barriers to market growth as well as strategies, corporate procedures and a complete financial strategy. Customer expectations are met by personalization and complete information about Materials handling equipment market industry opportunities. The Material Handling Equipment market research looks at the competitive landscape of the industry and the major players. This material handling equipment market study helps in planning the structure in light of modern industrial conditions.
Material Handling Equipment Market Size was valued at around $32.46 billion. in 2022. The material handling equipment market size is estimated to grow at a CAGR of 7% and is expected to reach USD 52.12 billion. until 2029.
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Dynamics of the material handling equipment market:
The industrial truck segment dominated the material handling equipment market in 2020, accounting for more than 30.0 percent of the total revenue and is projected to grow gradually over the forecast period. These trucks are a popular choice in an industrial context due to their wide range of uses. Industrial trucks are used in a number of end-use markets to transport large containers or boxes, resulting in a larger market share. The demand for battery powered trucks will increase throughout the forecast period as logistics organizations strive to embrace sustainable products. Despite sales choked by the COVID-19 pandemic in 2020, the market is projected to approach pre-COVID levels by 2022, with a CAGR of more than 7.0 percent over the next seven years.
Material handling equipment market segmentation:
E-commerce led the material handling equipment market in 2020, accounting for 23.2% of total sales. During the lockdown restrictions, there was a sudden demand for delivery and distribution of critical supplies, especially food items, which boosted the growth of the market. The impact of the coronavirus will not be a one-time boost; rather, it will have a long-term impact on industrial demand, providing opportunities for material handling equipment vendors. Demand for material handling equipment in the e-commerce sector is estimated to exceed $10.0 billion by 2027.
Apart from the pandemic, the retail industry has always shown tremendous potential for development, which is likely to continue in the long term. Due to the convenience of online shopping, companies have built micro-fulfillment centers to help speed product shipments, increasing the demand for material handling equipment.
In 2020, the automotive category, followed by the e-commerce sector, accounted for a significant share of revenue in the material handling equipment market. The segment is estimated to be worth more than $5.0 billion by 2027. Manufacturers of vehicles such as AGVs, or automated guided vehicles, due to the autonomy they provide while executing day-to-day operations.
Material Handling Equipment Market Regional Insights:
The material handling equipment market is divided into five regions: Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. The paper estimates the revenue growth in terms of USD at the regional and local level from 2021 to 2029. The study includes a regional analysis with the material handling equipment market size of each region. The countries section of the study examines a number of market components that are predicted to influence current and future material handling equipment market trends, as well as changes in country-level market regulations. Consumption, production location and quantity, import/export analysis, price analysis, raw material prices, and upstream and downstream value chain analysis are some of the key components used to forecast the market conditions of materials handling equipment of each country.
Major Players of Material Handling Equipment Market:
The BEUMER group
Daifuku Co., Ltd.
Honeywell International Inc.
Kion Group AG
Murata Machinery Ltd.
SSI Schaefer AG
Swisslog Holding AG
Toyota Material Handling Group
Vanderlande Industries BV
Schaefer Holding International GmbH
Beumer Group GmbH
viastore systems inc.
The key questions answered in the Material Handling Equipment Market Report are:
- What are the segments of the Material Handling Equipment market?
- Which segment in the Material Handling Equipment market is expected to grow the fastest during the forecast period?
- Who are the prominent players in the Material Handling Equipment market?
- What key trends are expected to emerge in the Material Handling Equipment market during the forecast period?
- What was the size of the material handling equipment market in 2021?
- Which region dominated the material handling equipment market?
- Previous Market Size and Competitive Landscape (2018-2021)
- Past prices and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by Various Segments | 2022−2029
- Market dynamics – growth drivers, restraints, opportunities and key trends by region
- Market Segmentation – A detailed segment wise analysis with their sub-segments and region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- PESTLE analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal aspects of business by region
- Profitable business opportunity with SWOT analysis
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About Stellar Market Research
Founded in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients achieve their business transformation objectives with strategic business and advisory services. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond leading research technologies to help leaders in any organization achieve their mission-critical goals. The company has customers from all over the world, 23% from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network and know-how to provide comprehensive insights that give clients a competitive edge.
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