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Material Handling Equipment Market May Set New Growth Story Due To Rising Demand For Retrieval Systems And Automated Storage In Various Industries Till 2025 | Million Insights

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Material Handling Equipment Market May Set New Growth Story Due To Rising Demand For Retrieval Systems And Automated Storage In Various Industries Till 2025 | Million Insights

June 30
13:24 2021
Material Handling Equipment Market May Set New Growth Story Due To Rising Demand For Retrieval Systems And Automated Storage In Various Industries Till 2025 | Million Insights

Million Insights – World’s Fastest Growing Market Research Database

According to new report available with Million Insights, the global material handling systems industry is expected to witness the high growth driven by rising manufacturing activities in the pharmaceuticals, chemical, food & beverages and automotive industries paired with safety concerns over the workplace. In addition, a technological development started an evolution in the industries which efficiently perform tasks with error free and time & cost saving manufacturing processes may fuel market growth.

The global material handling equipment market size is anticipated to reach $41.1 billion by 2025. The market is projected to witness the high growth owing to the increasing manufacturing activities in the pharmaceuticals, chemical, food & beverages and automotive industries paired with safety concerns over the workplace. Moreover, a technological development like robotic arms, escalators, automation, etc. started an evolution in the industries which efficiently perform tasks with error free and time & cost saving manufacturing processes, may fuel the market growth.

The increasing demand for retrieval systems and automated storage in pharmaceutical, food & beverages, chemical, and automotive industries are expected to be a key driving factor of the market growth due to the adoption of equipment by manufacturers in warehouses as well as the distribution & production centers.

The product handling equipment reduces the cost as well as the risk of damaging a product due to manual transportation and processing activities. Trucks are the dominating segment of handling equipment and had the highest market share in 2015. However, retrieval systems & automated storage is likely to acquire significant market share over the forecast period owing to increased adoption of the automation systems across the APAC.

To download the sample pdf of Material Handling Equipment Market Report “Please” click here: https://www.millioninsights.com/industry-reports/materials-handling-equipment-market/request-sample

Product Insights

A variety of Automated, semi-automated, and manual material handling equipment lower the handling cost, shorten the delivery time and reduces the risk of damage and inventory. Thus, the adoption of material handling equipment is projected to upsurge.

End-use Insights

The e-commerce industry is anticipated to persist as a leading and fastest growing segment of the end-use due to the rising adoption of material handling equipment for storage & transportation purpose in a warehouse. These mechanical products used for the movement of goods, storage, tracking products, organization of orders and protection of material. Thus, they reinforce the operational capability, handle warehouse activities efficiently, and streamline the supply chain.

The flourishing e-commerce and manufacturing industries like textile, chemical, automotive, food & beverage, and pharmaceutical inducing a demand for warehousing the goods for managing and storing purposes. Thus, material handling systems act as a key factor in managing external and internal manufacturing/warehousing operations. They are widely used in the automotive industry owing to lessen the labor intensity, improved production activities, and timely delivery of goods or material.

Regional Insights

Europe is one of the dominating regions with a significant market share in 2015 and estimated over 35% of the sector share. However, APAC is expected to grow at a CAGR of over 7% making the region a fastest growing market in the forecast period. The increase in the manufacturing facilities, paired with the expansion of the e-commerce and industrial sector in APAC, is likely to drive the material handling equipment market in the region. Moreover, the mounting importance of safety at a workplace in manufacturing and chemical industries is projected to increase the demand in the forecast period.

The rapid global development of e-commerce and industrialization are projected to boost the demand for the market in warehouses. Moreover, Middle East, Africa and Latin America are anticipated to make massive investments in the material handling equipment market.

Competitive Insights

The market is highly competitive with the existence of major players and small vendors supplying a broad range of the equipment. Furthermore, the industry is witnessing joint ventures or acquisitions. For instance, in 2015, SSI Schaefer acquired MoTuM NV and included Automated Guided Vehicles (AGV) in its product portfolio.

Additionally, manufacturers are adopting automation to sustain in the market. At present, the sector is dominated by global players, like SSI Schaefer, Daifuku, Murata Machinery Ltd., Kion Group (Dematic), Mecalux S.A., and Vanderlande Industries B.V.

To browse report summary & detailed TOC, please click the link below:
https://www.millioninsights.com/industry-reports/materials-handling-equipment-market

Market Segment:

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
                • U.S.
                • Canada
        • Europe
                • UK
                • Germany
                • France
        • Asia Pacific
                • China
                • India
                • Japan
        • Latin America
                • Brazil
                • Mexico
        • Middle East & Africa

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About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

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