The global material handling equipment market is expected to reach USD
41.1 billion by 2025, according to a new report conducted by Grand View
Research, Inc. The rise in manufacturing activities in the automotive,
pharmaceutical, chemical, and food & beverage industries is projected to
spur demand. The growing concerns for workplace safety are expected to remain a
key driver.
The global material handling equipment market is anticipated to witness a
high growth over the forecast period. This is accredited to the use of
technologically advanced products, such as hydraulic components which are
incorporated into this equipment. Furthermore, the integration of telematics
solutions & tracking sensors into these products is expected to gain
traction in the near future, thereby fueling the equipment sales. The rising
espousal of automated storage and retrieval systems is expected to further
catapult the equipment market growth over the next nine years.
In depth research report on Material Handling
Equipment Market
Further key findings from the report suggest:
•
Automated
storage & retrieval systems segment captured over 25% of the total revenue
in 2015 and is projected to exhibit a significant growth at a CAGR of over 6.9%
from 2016 to 2025. This growth is attributed to the surging espousal of
automated equipment in warehouses and manufacturing centers
•
On account of
the wide scope of applications, these products aid in moving, protecting, and
storing goods in warehouses. The e-commerce segment is expected to gain
prominence over the forecast period with an estimated CAGR exceeding 10.0%.
•
Asia Pacific
emerged as the fastest growing market and is expected to witness a healthy CAGR
of over 7%, which is primarily due to the rising manufacturing activities in
the developing countries of this region
•
The key
purveyors in this industry comprise Daifuku,SSI Schaefer,BEUMER Group, Kion
Group (Dematic), and Swisslog AG.
Grand View Research has segmented the global material handling equipment
market on the basis of product, end-use, and region:
Material Handling Equipment Product Outlook
(Revenue, USD Billion; 2014 - 2025)
•
Storage &
handling equipment
•
Automated
storage & retrieval system
•
Industrial
trucks
•
Bulk material
handling equipment
•
Others
Material Handling Equipment End-Use Outlook
(Revenue, USD Billion; 2014 - 2025)
•
Automotive
•
Food &
beverages
•
Chemical
•
Semiconductor
& electronics
•
E-commerce
•
Aviation
•
Pharmaceutical
•
Others
Material
Handling Equipment Regional Outlook (Revenue, USD Billion; 2014 - 2025)
•
North America
o
U.S.
o
Canada
•
Europe
o
Germany
o
Itly
o
Eastern Europe
o
UK
o
France
•
Asia Pacific
o
China
o
India
o
Japan
•
Latin America
o
Brazil
o
Mexico
•
MEA
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
For more market analysis reports, please
visit: http://www.grandviewresearch.com/
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