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Press release content from Business Wire. The AP news staff was not involved in its creation.

Global Material Handling Equipment Industry (2020 to 2027) - Market Trajectory & Analytics - ResearchAndMarkets.com

November 16, 2021 GMT

DUBLIN--(BUSINESS WIRE)--Nov 16, 2021--

The “Material Handling Equipment - Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

Amid the COVID-19 crisis, the global market for Material Handling Equipment estimated at US$125.7 Billion in the year 2020, is projected to reach a revised size of US$171.1 Billion by 2027, growing at a CAGR of 4.5% over the analysis period 2020-2027.

Conveying Equipment, one of the segments analyzed in the report, is projected to record a 4.2% CAGR and reach US$50.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Industrial Trucks & Lifts segment is readjusted to a revised 4.4% CAGR for the next 7-year period.

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The U.S. Market is Estimated at $33.3 Billion, While China is Forecast to Grow at 6.6% CAGR

The Material Handling Equipment market in the U.S. is estimated at US$33.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$34.1 Billion by the year 2027 trailing a CAGR of 6.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 3.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.

Hoists, Cranes, & Monorails Segment to Record 4.3% CAGR

In the global Hoists, Cranes, & Monorails segment, USA, Canada, Japan, China and Europe will drive the 4.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$12.4 Billion in the year 2020 will reach a projected size of US$16.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 466 Featured) -

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  • BEUMER Group GmbH & Co. KG
  • Columbus McKinnon Corp.
  • Crown Equipment Corp.
  • Daifuku Co., Ltd.
  • Jervis B. Webb Company
  • Eisenmann SE
  • Flexlink AB
  • Honeywell Intelligrated
  • Hyster-Yale Materials Handling, Inc.
  • Hytrol Conveyor Co., Inc.
  • Interroll Group
  • Jungheinrich AG
  • KION Group AG
  • Dematic Group
  • Liebherr Group
  • Mitsubishi Caterpillar Forklift America Inc.
  • Murata Machinery, Ltd.
  • SSI Schaefer - Fritz Schaefer GmbH
  • Swisslog Holding AG
  • Toyota Industries Corp.
  • Vanderlande Industries Nederland B.V.
  • Viastore Systems GmbH
  • WITRON Logistik + Informatik GmbH

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Pandemic Crisis Weakens Economic Environment, Triggering Negative Tide in GDP
  • Industrial Activity to Remain Subdued in the Immediate Term
  • Material Handling Equipment: A Review
  • Classification of Material Handling Equipment
  • Conveying Equipment
  • Industrial Trucks and Lifts
  • Hoists, Cranes, and Monorails
  • Automated Storage and Retrieval System (AS/RS)
  • Other Segments
  • Major Application Segments
  • Third-party Logistics
  • E-Commerce & General Merchandise
  • F&B Manufacturing & Retail
  • Consumer Durables
  • Other Applications
  • End-Use Markets: Brief Overview
  • Aerospace, Automobile and Shipping
  • Agriculture
  • Building and Construction
  • Electrical & Electronic Equipment
  • Industrial Machinery
  • Postal/Express Delivery
  • Warehousing
  • Industry Overview
  • Material Handling Equipment: An Integral Part of Supply Chain
  • Growth Drivers in Nutshell
  • Industrial Trucks & Lifts: Most Dominant Segment
  • 3PL, E-Commerce and F&B Manufacturing & Retail: Three Major Application Markets Driving Growth
  • Impact of GDP Growth on MHE Market
  • Increasing Industrial & Infrastructural Activities
  • North America and Asia Command the Material Handling Equipment Market
  • Developing Countries to Set the Growth Pace
  • China Remains an Important Market

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Global Material Handling Equipment Market Heading towards Substantial Gains
  • Trend towards Industry 4.0 Redefines Material Handling Equipment Market
  • The Internet of Things Gains Prominence
  • Cloud Computing: Powering e-commerce
  • Predictive Analytics: Simplify Decision Making
  • Big Data: Helps Identify the Best WM Practices
  • Mobility Devices Take Center Stage
  • Wearable Devices: Pilot Adoption Underway
  • 3D Printing to Transform the Supply Chain
  • Integration of MHE with Warehouse Management Systems
  • Third Party Logistics (3PL): Expanding in Industrial Manufacturing, Retail and Wholesale Sectors
  • Technology Tools Seek Wider Role in 3PL Domain
  • Expanding Retail Industry Generates Significant Opportunities
  • e-Commerce Emerges as New Growth Driver
  • Uptrend in e-Commerce Impacts Automated Conveyor Systems
  • Food & Beverage Manufacturing & Retail: One of the Leading Application Markets
  • Growing Importance of Automation & Technology Drive MHE in F&B Industry
  • Material Handling Market Steps Up Focus on Sustainability
  • Aging Workforce Drives Demand for Automated and Ergonomic Systems
  • Focus Intensifies on Cost-Effective MH Solutions
  • Traditional Supply Chain Facing Stiff Competition from Omnichannel Commerce
  • Technological Advances to Propel the Industry
  • Driverless Vehicles and Drones: No Longer a Distant Reality
  • Productivity and Safety Gain Immense Attention
  • Voice Recognition Systems Find Way
  • Select Product and Application Trends
  • Demand Goes Strong for Smart Conveyor Equipment
  • Modular Designed Conveyor Systems Add Versatility
  • Factors Influencing Demand for Conveyors

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/f8ve7h

View source version on businesswire.com:https://www.businesswire.com/news/home/20211116006224/en/

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SOURCE: Research and Markets

Copyright Business Wire 2021.

PUB: 11/16/2021 01:00 PM/DISC: 11/16/2021 01:01 PM

http://www.businesswire.com/news/home/20211116006224/en