Global Material Handling Equipment Market 2020-2026

Global Material Handling Equipment Market Size, Share & Trends Analysis Report by Product Type(Automated Storage and Retrieval System, Bulk Material Handling Equipment, Storage and Handling Equipment, and Industrial Trucks), By Industry (Automotive, Aerospace & Defense, Retail & E-commerce, Chemical, Food & Beverages, Healthcare, and Others) and Forecast 2020-2026.

The global material handling equipment market is estimated to grow significantly during the forecast period. The growth of the market is attributed to the growing inclination towards automated material handling equipment in various industries such as retail & e-commerce and others. The retail companies are adopting the automated logistic systems such as ASRS in order to remove errors while storage and delivering the product. Another logistic solutions provider Daifuku which is headquartered in Japan offers automated logistic systems, ASRS. It provides solutions to manufacturers such as building automated sorting technologies, factory line automation systems in automotive plants and home delivery warehouses. Along with this, the continuous increase in the demand for ASRS in the automotive industry significantly supports the market growth across the globe. Despite such market driving factors, the lack of skilled professionals is a major factor that hamper the global market growth.

The global market for material handling equipment is further classified on the basis of 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. The ASRS segment is projected to have significant CAGR in the global material handling equipment market. On the basis of industry the market is further segregated into automotive, aerospace & defense, retail & e-commerce, chemical, food & beverages, healthcare, and others. . Based on geography, the global material handling equipment market is further segregated into North America, Europe, Asia-Pacific and the Rest of the World. Among, region Asia-Pacific is projected to have a considerable growth in the global material handling equipment market.

The companies which are contributing to the growth of the global material handling equipment market include Daifuku Co., Ltd., Honeywell International, Inc., Kion Group AG, Jungheinrich AG, KUKA AG, Toyota Industries Corp., and others. Product launch, merger, and acquisition, collaborations with government, and technological advancements through which market players are considerably contributing to the market growth to stay competitive in the market.

Research Methodology

The market study of the global material handling equipment market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook.

In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to the reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for material handling equipment providers, end-user companies for overall market analysis, and competitive analysis. The report provides an in-depth analysis of pricing, market size, intended quality of the product preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models delivering insights into the market for better business decisions.

Market Segmentation

1. Global Material Handling Equipment Market Research and Analysis by Product Type
2. Global Material Handling Equipment Market Research and Analysis by Industry

The Report Covers

• Comprehensive research methodology of the global material handling equipment market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global material handling equipment market.
• Insights about market determinants which are stimulating the global material handling equipment market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.