October 07, 2019
According to the latest study titled ‘Global Material Handling Equipment Market Insights, Forecast to 2025’ available with Market Study Report LLC, the worldwide material handling equipment market is expected to register momentous growth by the year 2025.
The increase in demand for advanced automated systems along with the ever-increasing labor costs will favor the demand for material handling equipment in the upcoming years. The market players are focusing on developing and launching advance equipment to meet the consumer needs, thereby contributing towards the material handling equipment market growth.
Material handling equipment market is segmented based on the product type as storage & handling equipment, industrial trucks, bulk material handling equipment, robotics, and automated storage & retrieval system.
Considering the end-use spectrum, the material handling equipment market is fragmented as food retail, e-commerce, durable manufacturing, 3PL, food & beverage, and general merchandise.
According to the report, the global material handling equipment market is estimated to grow with a CAGR of 5.6% over the forecast period. The study defines, segments, and projects the size of the equipment market based on product type, end user, key regions and company.
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Based on the geographical landscape, the material handling equipment market is divided into five major regions. The United States, Canada, and Mexico fall under North America; Asia-Pacific comprise of Malaysia, Indonesia, India, Japan, South Korea, China, Australia, Singapore, Philippines, Thailand, and Vietnam; France, UK, Germany, Italy, Russia, and Spain come under Europe; Brazil and rest of Central & South America constitute Central & South America; and Middle East & Africa is split into Turkey, GCC Countries, Egypt, and South Africa.
The prominent manufacturers of material handling equipment market profiled in the report are Daifuku, KUKA, Kion Group, Intelligrated, JBT Corporation, Hyster-Yale Materials Handling, Flexlink, Dematic, and Columbus McKinnon. The report also studies the market status, competition landscape, market share, growth rate, market drivers, opportunities & challenges, , and sales channels & distributors.