Material Handling Equipment Market opportunities, developments, statistics and forecast 2029
China's One Belt One Road (OBOR) plan, also known as the Belt and Road Initiative (BRI), is expected to assist the materials handling equipment industry. The concept of connecting a network of rail and road connections from China to Europe via the Middle East will boost economic development. Similar efforts will benefit the material handling equipment market in the coming years. According to the 2021 Automation Solutions Survey Study, the COVID-19 outbreak created a need for a fully automated solution in the industrial business, with enterprises increasing expenditures in automated solutions over the following four years. Companies intend to upgrade their conveyor and sortation systems over the next two years.
Material Handling Equipment Market Report Scope and Research Methodology:
The report's main goal is to provide a comprehensive assessment of the Material Handling Equipment market, which includes major leading stakeholders in the Material Handling Equipment industry. The assessment clearly demonstrates the anticipated market size and trends, as well as the Material Handling Equipment market's historical and current situation.The study includes revenue, market share, production, and sales data for the Material Handling Equipment market. In addition, the research provides Material Handling Equipment market segment trends, investment, and technology, as well as the competition landscape. It also covers an examination of regional and market segmentation, application areas, and market growth strategies. An in-depth research of market segmentation aids in determining current market potential, and the primary segments of the Material Handling Equipment markets are further subdivided.
The research analyses the Material Handling Equipment market qualitatively and quantitatively from 2022 to 2029 in order to identify the current market opportunities. Porter's five forces research illustrates the ability of Material Handling Equipment industry suppliers and buyers to make profit-oriented business decisions and expand their buyer-supplier network. The Material Handling Equipment market analysis provides unique guidance in thoughtful specifics regarding development aspects, and it was created using a top-down and bottom-up method to ensure accuracy and precision. SMEs professional analysts collected data for the Material Handling Equipment market study using extensive primary and secondary research approaches.
Material Handling Equipment Market Overview:
The research goes into detail about the Material Handling Equipment Market's drivers, constraints, technological advancements, product developments, market opportunities, restrictions, growth strategies, and market prospects, as well as the forecast period. The research provides an in-depth examination of the Material Handling Equipment industry, providing key information such as Material Handling Equipment market size, market share, revenue growth, and CAGR from 2020 to 2029.
Material Handling Equipment Market Size was valued nearly US$ 32.46 Bn. in 2022. Material Handling Equipment Market size is estimated to grow at a CAGR of 7% & is expected to reach at US$ 52.12 Bn. by 2029.
Material Handling Equipment Market Dynamics:
E-commerce led the material handling equipment market in 2020, accounting for 23.2% of total sales. During the lockdown restrictions, there was an unexpected requirement for distribution and delivery of critical supplies, particularly groceries, which increased market growth. The coronavirus's impact will not be a one-time boost; rather, it will have a long-term impact on industrial demand, providing opportunities for material handling equipment vendors. The demand for material handling equipment in the e-commerce sector is estimated to exceed USD 10.0 billion by 2027.
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Material Handling Equipment Market Regional Insights:
Major countries in each region are included in the report according to their revenue contribution to the Material Handling Equipment market. The study includes a region-wise detailed analysis of the Material Handling Equipment market. The regions are:
- North America
- Asia Pacific
- Europe
- Latin America
- the Middle East, and Africa
Material Handling Equipment Market Segmentation:
The e-commerce business dominated the material handling equipment market in 2020, accounting for 23.2% of total sales. During the lockdown restrictions, a sudden requirement for distribution and transportation of vital supplies, particularly groceries, increased industry expansion. The coronavirus will have a long-term influence on industry demand, providing opportunities for material handling equipment vendors. The e-commerce sector's need for material handling equipment is estimated to exceed USD 10.0 billion by 2027.
Aside from the pandemic, the retail industry has always showed tremendous development potential, which is likely to continue in the long run. Because of the convenience of online purchasing, companies have built micro-fulfillment centres to assist speedy product deliveries, increasing the demand for material handling equipment.
In 2020, the automotive category, followed by the e-commerce sector, accounted for a significant revenue share in the material handling equipment market. The segment is estimated to be worth more than USD 5.0 billion by 2027. Automakers like AGVs, or automated guided vehicles, because of the autonomy they provide when executing daily operations.
Material Handling Equipment Market Key Players:
BEUMER Group
Daifuku Co., Ltd.
Honeywell International Inc.
Kion Group AG
Mecalux, S.A
Murata Machinery Ltd.
SSI Schaefer AG
Swisslog Holding AG
Toyota Material Handling Group
Vanderlande Industries B.V
Schaefer Holding International GmbH
Godrej
ACE
Om engineering
Beumer Group GmbH
Kardex AG
viastore systems Inc.
Key Questions answered in the Material Handling Equipment Market Report are:
- What are the sales, production, consumption, and import and export of Material Handling Equipment globally (North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major players in the Material Handling Equipment Industry on a worldwide scale?
- What is the state of business of Material Handling Equipment market players?
- What are the market opportunities and restraints for Material Handling Equipment suppliers in the Material Handling Equipment industry?
- Which application, end-user, or product category might be looking for new growth opportunities? What is each types and applications Material Handling Equipment market share?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by segments with their sub-segments and Region
- Competitive Landscape – Top Key Players and Other Prominent Players
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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