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Material Handling Equipment - Global Market Trajectory & Analytics

  • ID: 347936
  • Report
  • May 2021
  • Region: Global
  • 1547 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Columbus McKinnon Corp.
  • Daifuku Co., Ltd.
  • Eisenmann SE
  • Honeywell Intelligrated
  • Interroll Group
  • Jungheinrich AG

Global Material Handling Equipment Market to Reach $171.1 Billion by 2027


Amid the COVID-19 crisis, the global market for Material Handling Equipment estimated at US$125.7 Billion in the year 2020, is projected to reach a revised size of US$171.1 Billion by 2027, growing at a CAGR of 4.5% over the analysis period 2020-2027. Conveying Equipment, one of the segments analyzed in the report, is projected to record a 4.2% CAGR and reach US$50.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Industrial Trucks & Lifts segment is readjusted to a revised 4.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $33.3 Billion, While China is Forecast to Grow at 6.6% CAGR


The Material Handling Equipment market in the U.S. is estimated at US$33.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$34.1 Billion by the year 2027 trailing a CAGR of 6.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 3.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.

Hoists, Cranes, & Monorails Segment to Record 4.3% CAGR


In the global Hoists, Cranes, & Monorails segment, USA, Canada, Japan, China and Europe will drive the 4.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$12.4 Billion in the year 2020 will reach a projected size of US$16.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$22.1 Billion by the year 2027, while Latin America will expand at a 4.5% CAGR through the analysis period.

Select Competitors (Total 466 Featured) -

  • BEUMER Group GmbH & Co. KG
  • Columbus McKinnon Corp.
  • Crown Equipment Corp.
  • Daifuku Co., Ltd.
  • Jervis B. Webb Company
  • Eisenmann SE
  • Flexlink AB
  • Honeywell Intelligrated
  • Hyster-Yale Materials Handling, Inc.
  • Hytrol Conveyor Co., Inc.
  • Interroll Group
  • Jungheinrich AG
  • KION Group AG
  • Dematic Group
  • Liebherr Group
  • Mitsubishi Caterpillar Forklift America Inc.
  • Murata Machinery, Ltd.
  • SSI Schaefer - Fritz Schaefer GmbH
  • Swisslog Holding AG
  • Toyota Industries Corp.
  • Vanderlande Industries Nederland B.V.
  • Viastore Systems GmbH
  • WITRON Logistik + Informatik GmbH
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Columbus McKinnon Corp.
  • Daifuku Co., Ltd.
  • Eisenmann SE
  • Honeywell Intelligrated
  • Interroll Group
  • Jungheinrich AG
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Exhibit 1: Percentage of Companies Impacted by Supply Chain Delays Due to COVID-19 Worldwide as of August 2020
  • Pandemic Crisis Weakens Economic Environment, Triggering Negative Tide in GDP
  • Exhibit 2: World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
  • Industrial Activity to Remain Subdued in the Immediate Term
  • Exhibit 3: Global PMI Index Points for the Years 2018, 2019 & 2020
  • Exhibit 4: Despite Moves to Reopen the Economy, Battered Business Confidence Plummets to New Depths: Business Confidence Index (BCI) Points
  • Material Handling Equipment: A Review
  • Classification of Material Handling Equipment
  • Conveying Equipment
  • Industrial Trucks and Lifts
  • Hoists, Cranes, and Monorails
  • Automated Storage and Retrieval System (AS/RS)
  • Other Segments
  • Major Application Segments
  • Third-party Logistics
  • E-Commerce & General Merchandise
  • F&B Manufacturing & Retail
  • Consumer Durables
  • Other Applications
  • End-Use Markets: Brief Overview
  • Aerospace, Automobile and Shipping
  • Agriculture
  • Building and Construction
  • Electrical & Electronic Equipment
  • Industrial Machinery
  • Postal/Express Delivery
  • Warehousing
  • Industry Overview
  • Material Handling Equipment: An Integral Part of Supply Chain
  • Growth Drivers in Nutshell
  • Industrial Trucks & Lifts: Most Dominant Segment
  • 3PL, E-Commerce and F&B Manufacturing & Retail: Three Major Application Markets Driving Growth
  • Impact of GDP Growth on MHE Market
  • Increasing Industrial & Infrastructural Activities
  • North America and Asia Command the Material Handling Equipment Market
  • Developing Countries to Set the Growth Pace
  • China Remains an Important Market
  • Demand for Automated MHE on Rise
  • Strong Focus on Worker Safety
  • Product innovations Hold Key to Success
  • Urbanization Ups the Need for Efficient Order Fulfilment Systems
  • Competitive Landscape
  • Top 10 Global Material Handling Systems Providers by Total Revenues (2018)
  • Vendors Adopt Acquisition Route to Offer Innovative Materials Handling Solutions
  • Recent Market Activity
  • Select Mergers and Acquisitions (2016-2018)
  • Industry Witnesses a Change in Business Model
  • Companies Focus on New Strategies to Boost Innovations
  • Investment in Start-ups: Another Strategic Move
  • Lift Trucks Market: Leading Players
  • Global Industrial Lift Trucks Market (2019): Percentage Breakdown of Share by Company
  • Conveyers Market
  • Conveyor System Competitor Market Share Scenario Worldwide (in %): 2019
  • Cranes
  • Select Players in the Global Crane Market
  • Select Global Brands
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Global Material Handling Equipment Market Heading towards Substantial Gains
  • Trend towards Industry 4.0 Redefines Material Handling Equipment Market
  • Exhibit 5: Major Industry 4.0 Technologies: Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics, Service Robotics, and Smart Machines for 2020
  • The Internet of Things Gains Prominence
  • Exhibit 6: Global IoT Market (In US$ Billion) by Industry for the Years 2018 and 2022
  • Exhibit 7: Global Investments in Industrial IoT (IIoT) Platforms (In US$ Million) for the Years 2018, 2020, 2022 and 2025
  • Cloud Computing: Powering e-commerce
  • Predictive Analytics: Simplify Decision Making
  • Big Data: Helps Identify the Best WM Practices
  • Mobility Devices Take Center Stage
  • Wearable Devices: Pilot Adoption Underway
  • 3D Printing to Transform the Supply Chain
  • Integration of MHE with Warehouse Management Systems
  • Third Party Logistics (3PL): Expanding in Industrial Manufacturing, Retail and Wholesale Sectors
  • Exhibit 8: Global 3PL Market Revenue Share by End-Use Sector (2020)
  • Technology Tools Seek Wider Role in 3PL Domain
  • Expanding Retail Industry Generates Significant Opportunities
  • Exhibit 9: Global Retail Sector Revenue Share by Product Category (2020E)
  • e-Commerce Emerges as New Growth Driver
  • Uptrend in e-Commerce Impacts Automated Conveyor Systems
  • Food & Beverage Manufacturing & Retail: One of the Leading Application Markets
  • Growing Importance of Automation & Technology Drive MHE in F&B Industry
  • Exhibit 10: Global Sales of Processed Foods in US$ Billion for Years 2014, 2016, 2018 and 2020E
  • Material Handling Market Steps Up Focus on Sustainability
  • Aging Workforce Drives Demand for Automated and Ergonomic Systems
  • Focus Intensifies on Cost-Effective MH Solutions
  • Traditional Supply Chain Facing Stiff Competition from Omnichannel Commerce
  • Exhibit 11: Global e-Commerce Sales as Percentage of Total Retail Sales (2015-2021E)
  • Technological Advances to Propel the Industry
  • Driverless Vehicles and Drones: No Longer a Distant Reality
  • Productivity and Safety Gain Immense Attention
  • Voice Recognition Systems Find Way
  • Select Product and Application Trends
  • Demand Goes Strong for Smart Conveyor Equipment
  • Modular Designed Conveyor Systems Add Versatility
  • Factors Influencing Demand for Conveyors
  • Automated Lift Trucks Witness Increasing Adoption
  • Technologies Making Their Way into Lift Trucks
  • Pallet Trucks Grow in Sophistication
  • Demand for Automated Forklifts Picks up in Emerging Countries
  • Industry Demand Shifts towards Electric Trucks
  • Adoption of Electric Drives in Cranes and Hoists on Rise
  • Advanced Material Handling Technologies Systems Improve Supply Chain Excellence
  • Automated Material Handling Equipment Make a Cut
  • Unit Load Systems Seek Bigger Role
  • Consumption Trends in Key End Use Industries
  • Factors Influencing Automated Material Handling Equipment Market
  • Strong Contribution from North American Automated MHE Market
  • Advanced Robotics Impacts Automated Material Handling Equipment
  • Automation Initiatives of Industrial Units Spur Demand for AGVs
  • Advancements Lead to Expanded Opportunities for AGVs
  • Growth Drivers and Application Trends in Select End-Use Industries
  • Increasing Automation in Manufacturing Industries
  • Transition of Material Handling in Automobile Industry
  • Recovery in Automotive Industry Post COVID-19 to Steer Demand
  • Exhibit 12: World Automobile Production in Million Units: 2008-2022
  • Expansion of E-Commerce & Retail Industries
  • Entry of Start-Ups with Warehouse Automation Solutions
  • Automated Systems Gain Traction in Consumer Electronics Production Units
  • Exhibit 13: Global 1Q Sell-In Shipments of Electronic Products Estimated in Jan-2020 Vs March 2020 (In Million Units)
  • Exhibit 14: Global Consumer Confidence Index Points for 4Q2019, 1Q2020 & 2Q2020
  • Rising Adoption of Automated Systems to Boost Global Pharmaceutical Material Handling Equipment Market
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

UNITED STATES
  • Market Overview
  • Market Driven by Logistical Evolution
  • Replacement Sales to Drive Prospects
  • Consumers Upgrade to Smarter, Compact MHE
  • Expanding E-Commerce Industry: Positive Prospects for Automated Systems
  • E-Commerce Retail Sales in the US as % of Total Retail Sales (2015-2021)
  • Autonomous Control & Robotics Find Favor in Material Handling Operations
  • Industry Witnesses Greater Adoption of AGVs
  • Focus Heightens on Sustainable Solutions
  • Demand on Rise for Electric Forklifts
  • Competitive Landscape
  • Market Analytics
CANADA
  • Market Overview
  • Market Analytics
JAPAN
  • Market Overview
  • Market Analytics
CHINA
  • Market Overview
  • China Remains at Forefront of Material Handling Equipment Market
  • Infrastructure Investments Nurture Growth in Domestic MHE Market
  • Chinese Forklift Manufacturers Aim for Overseas Markets
  • China: A Fast Emerging Market for Hoists
  • Market Analytics
EUROPE
  • Market Overview
  • European MHE Market Holds Promising Outlook
  • Increasing Investments in Automating Processes Benefits Automated MHE Market
  • Market Analytics
FRANCE

GERMANY
  • Market Overview
ITALY
  • Brief Market Overview
  • Italian MHE Manufacturers: Global Leaders in Quality and Customization
  • Market Analytics
UNITED KINGDOM
  • The Cranes Market
  • Market Analytics
SPAIN

RUSSIA

REST OF EUROPE
  • Brief Market Overview
ASIA-PACIFIC
  • Market Overview & Outlook
  • E-Commerce and Food & Beverage Remain Key Applications
  • Aftermarket Robotic Component Witness High Demand
  • Direct Sales Emerges as Main Sales Channel
  • Competitive Scenario
  • Market Analytics
AUSTRALIA

INDIA
  • Market Overview
  • Industrial Trucks and Lifts Dominate Market
  • Industrial Crane Market
  • Retail Outlets Offer Opportunities
  • New Technologies Find Favor
  • Eco-Friendly Equipment Takes Front Seat
  • Competitive Scenario: Highly Fragmented Market
  • Market Analytics
SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA
  • Columbia: Brief Overview
  • Market Analytics
MIDDLE EAST
  • Brief Market Overview
IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION
  • Total Companies Profiled: 466
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • BEUMER Group GmbH & Co. KG
  • Columbus McKinnon Corp.
  • Crown Equipment Corp.
  • Daifuku Co., Ltd.
  • Jervis B. Webb Company
  • Eisenmann SE
  • Flexlink AB
  • Honeywell Intelligrated
  • Hyster-Yale Materials Handling, Inc.
  • Hytrol Conveyor Co., Inc.
  • Interroll Group
  • Jungheinrich AG
  • KION Group AG
  • Dematic Group
  • Liebherr Group
  • Mitsubishi Caterpillar Forklift America Inc.
  • Murata Machinery, Ltd.
  • SSI Schaefer - Fritz Schaefer GmbH
  • Swisslog Holding AG
  • Toyota Industries Corp.
  • Vanderlande Industries Nederland B.V.
  • Viastore Systems GmbH
  • WITRON Logistik + Informatik GmbH
Note: Product cover images may vary from those shown
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