Market Research Report
Global Material Handling Equipment Market 2020-2026
|Published by||Orion Market Research Pvt Ltd||Product code||960069|
Delivery time: 2-3 business days
|Global Material Handling Equipment Market 2020-2026|
|Published: July 14, 2020||Content info:||
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.
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. Our 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 our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
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.
The Report Covers: