The global material handling equipment market is expected to
reach USD 41.1 billion by 2025, according to a new report conducted by Grand
View Research, Inc. The rise in manufacturing activities in the automotive,
pharmaceutical, chemical, and food & beverage industries is projected to
spur demand. The growing concerns for workplace safety are expected to remain a
key driver.
The global material handling
equipment market is anticipated to witness a high growth over the forecast
period. This is accredited to the use of technologically advanced products,
such as hydraulic components which are incorporated into this equipment.
Furthermore, the integration of telematics solutions & tracking sensors
into these products is expected to gain traction in the near future, thereby
fueling the equipment sales. The rising espousal of automated storage and
retrieval systems is expected to further catapult the equipment market growth
over the next nine years.
Browse full research report on Material Handling
Equipment Market: http://www.grandviewresearch.com/industry-analysis/materials-handling-equipment-market
Further key findings from
the report suggest:
- Automated storage & retrieval systems segment
captured over 25% of the total revenue in 2015 and is projected to exhibit
a significant growth at a CAGR of over 6.9% from 2016 to 2025. This growth
is attributed to the surging espousal of automated equipment in warehouses
and manufacturing centers
- On account of the wide scope of applications, these
products aid in moving, protecting, and storing goods in warehouses. The
e-commerce segment is expected to gain prominence over the forecast period
with an estimated CAGR exceeding 10.0%.
- Asia Pacific emerged as the fastest growing market
and is expected to witness a healthy CAGR of over 7%, which is primarily
due to the rising manufacturing activities in the developing countries of
this region
- The key purveyors in this industry comprise
Daifuku,SSI Schaefer,BEUMER Group, Kion Group (Dematic), and Swisslog AG.
Browse more reports of this category by Grand View
Research : http://www.grandviewresearch.com/industry/automotive-and-transportation
Grand View Research has segmented the global material
handling equipment market on the basis of product, end-use, and region:
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
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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