France Material Handling Market - Forecasts from 2021 to 2026

The French material handling market is expected to grow at a compound annual growth rate of 3.79% over the forecast period to reach a market size of US$7.012 billion in 2026, from US$5.404 billion in 2019. France is one of the largest economies in the world, with a GDP of more than US$2.5 trillion in the year 2019. The country’s material handling market is expected to surge at an exponential rate during the forecast period, because of the rise in the production and manufacturing of automotive vehicles, aviation, food, textiles, chemicals, electronics, and others. The country contains some of the major automotive players, globally. Moreover, in the chemical industry, France produces basic organics, pharmaceuticals, chemicals, perfumes, and others. The aviation industry is also expected to play a positive role in the growth of the country’s material handling market. Major companies have been investing a significant sum of capital into the development of novel and advanced material handling solutions. These developments are expected to have a positive impact on the market, during the forecast period.

Growth in the Aviation industry

The market is expected to surge in the coming years, because of the growth in the aviation sector in the country. According to the data provided by the French government, an estimated number of 56,740 planes were produced in the country in the year 2019. The overall estimated revenue of the country’s civil aerospace industry has been around US$59.51 billion in the year 2019. Manufacturers in the country have been focusing on the fulfillment of full-order books and have been maintaining strong production and manufacturing levels. Some of the major aircraft manufacturers in the country are Airbus, Dassault Aviation, ATR, and others. In the year 2020, France announced a EUR 15 billion support package for the country’s aerospace sector. The package was announced to protect 300,000 direct and indirect jobs and to focus on modernization and advancement. This development was expected to have a positive impact on the market. Moreover, the country has been experiencing substantial passenger traffic, which is also expected to have a positive impact on the market. According to the data given by the French government, a record number of 90 million international and foreign tourists visited the country in the year 2019. This has a positive impact on the airport material handling market in the country.

Growth in the automotive industry

The market is expected to surge in the coming years, because of the rise in the automotive industry in the country. The country has the presence of some of the major automotive players, such as Renault and Peugeot SA. According to the data given by the French government, around 6 million vehicles are being produced in the country, annually. Major companies have been investing a significant sum of capital to provide novel and advanced material handling solutions, to their customers in France. For instance, Toyota, one of the major players in the market, has been providing tow tractors for order picking in production and manufacturing. The company’s vehicle provides smooth acceleration and enhances productivity. Moreover, the presence of one of the biggest tire manufacturer, known as Michelin, is expected to have a positive impact on the country’s material handling market

Segmentation:

By Product

• Automated Guided Vehicles
• Trucks and Lifts
• Cranes
• Automated Storage Retrieval Systems
• Conveyor Systems
• Others

By Application

• Assembly
• Packaging
• Airport Baggage Handling
• Warehousing and Distribution
• Bulk Handling
• Postal and Parcel Delivery

By Industry Vertical

• Healthcare
• Manufacturing
• Chemical
• Food and Beverage
• Warehousing
• Others