Global Material Handling Equipment Markets Report 2023: Market to Reach $193 Billion by 2030 - 3PL, E-Commerce and F&B Manufacturing & Retail Driving Growth

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Global Market for Material Handling Equipment

Global Market for Material Handling Equipment

Dublin, March 13, 2023 (GLOBE NEWSWIRE) -- The "Material Handling Equipment: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Material Handling Equipment Market to Reach $193 Billion by 2030

The global market for Material Handling Equipment estimated at US$127.7 Billion in the year 2022, is projected to reach a revised size of US$193 Billion by 2030, growing at a CAGR of 5.3% over the analysis period 2022-2030.

Conveyor Systems, one of the segments analyzed in the report, is projected to record a 4.9% CAGR and reach US$79.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Forklifts segment is readjusted to a revised 5.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $33.3 Billion, While China is Forecast to Grow at 7.1% CAGR

The Material Handling Equipment market in the U.S. is estimated at US$33.3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$36.1 Billion by the year 2030 trailing a CAGR of 7.1% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 4.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$24.8 Billion by the year 2030.

What`s New for 2023?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.

• Global competitiveness and key competitor percentage market shares

• Market presence across multiple geographies - Strong/Active/Niche/Trivial

• Online interactive peer-to-peer collaborative bespoke updates

• Access to digital archives and Research Platform

• Complimentary updates for one year

Key Attributes:

Report Attribute	Details
No. of Pages	1327
Forecast Period	2022 - 2030
Estimated Market Value (USD) in 2022	$127.7 Billion
Forecasted Market Value (USD) by 2030	$193 Billion
Compound Annual Growth Rate	5.3%
Regions Covered	Global

Key Topics Covered:

MARKET OVERVIEW

• Industrial Activity to Remain Subdued in the Immediate Term

• Impact of COVID-19 Pandemic on Material Handling Equipment Market

• Prominent Trends with Potential to Influence Material Handling Space in 2021 & Beyond

• Material Handling Equipment: A Review

• Classification of Material Handling Equipment

• Conveyor Systems

• Industrial Trucks and Forklifts

• Hoists and Cranes

• 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

• Technology Trends to Watch-for in Material Handling Industry

• Conveyor Systems and Forklifts: Key Segments

• 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

• Demand for Automated MHE on Rise

• Strong Focus on Worker Safety

• Product innovations Hold Key to Success

• Urbanization Ups the Need for Efficient Order Fulfilment Systems

• Competitive Landscape

• Vendors Adopt Acquisition Route to Offer Innovative Materials Handling Solutions

• Recent Market Activity

• Industry Witnesses a Change in Business Model

• Companies Focus on New Strategies to Boost Innovations

• Investment in Start-ups: Another Strategic Move

• Lift Trucks Market: Leading Players

• Global Industrial Lift Trucks Market (2019): Percentage Breakdown of Share by Company

• Conveyers Market

• Cranes

• Select Players in the Global Crane Market

• Select Global Brands

• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

MARKET TRENDS & DRIVERS

• Mega Trends Shaping Post-COVID-19 Journey of Material Handling Equipment Industry

• Global Material Handling Equipment Market Heading towards Substantial Gains

• Recent Developments in Material Handling Automation

• Trend towards Industry 4.0 Redefines Material Handling Equipment Market

• Major Industry 4.0 Technologies

• The Internet of Things Gains Prominence

• IIoT Applications in Material Handling Equipment

• 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

• Companies Improving Traceability and Enhancing Material Handling Efficiency

• 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

• e-commerce Bringing Changes in Supply Chain Management

• 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

• Automated Lift Trucks Witness Increasing Adoption

• Technologies Making Their Way into Lift Trucks

• Pallet Trucks Grow in Sophistication

• Demand for Automated Forklifts Picks up in Emerging Countries

• Industry Demand Shifts towards Electric Trucks

• Adoption of Electric Drives in Cranes and Hoists on Rise

• Lithium Batteries Emerge as Hottest Trend

• Advanced Material Handling Technologies Systems Improve Supply Chain Excellence

• Automated Material Handling Equipment Make a Cut

• Unit Load Systems Seek Bigger Role

• Consumption Trends in Key End Use Industries

• Factors Influencing Automated Material Handling Equipment Market

• Strong Contribution from North American Automated MHE Market

• Advanced Robotics Impacts Automated Material Handling Equipment

• Automation Initiatives of Industrial Units Spur Demand for AGVs

• Advancements Lead to Expanded Opportunities for AGVs

• Growth Drivers and Application Trends in Select End-Use Industries

• Increasing Automation in Manufacturing Industries

• Transition of Material Handling in Automobile Industry

• Recovery in Automotive Industry Post COVID-19 to Steer Demand

• Expansion of E-Commerce & Retail Industries

• Entry of Start-Ups with Warehouse Automation Solutions

• Automated Systems Gain Traction in Consumer Electronics Production Units

• Rising Adoption of Automated Systems to Boost Global Pharmaceutical Material Handling Equipment Market

• Key Factors for Selecting a Material Handling System in Pharmaceuticals Manufacturing

FOCUS ON SELECT PLAYERS (Total 463 Featured)

• BEUMER Group GmbH & Co. KG

• Columbus McKinnon Corp.

• Crown Equipment Corporation

• Daifuku Co., Ltd.

• Jervis B. Webb Company

• FlexLink AB

• Honeywell Safety and Productivity Solutions (SPS)

• Hyster-Yale Materials Handling, Inc.

• Hytrol Conveyor Co., Inc.

• Interroll Group

• Jungheinrich AG

• KION Group AG

• Dematic Group

• Liebherr Group

• Mitsubishi Logisnext Americas Inc.

• Murata Machinery, Ltd.

• SSI SCHAFER - Fritz Schafer GmbH

• Swisslog Holding AG

• Toyota Industries Corporation

• Vanderlande Industries Nederland B.V.

• Viastore Systems GmbH

• WITRON Logistik + Informatik GmbH

For more information about this report visit https://www.researchandmarkets.com/r/x4q6qi

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• Global Market for Material Handling Equipment

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