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.
China material handling
equipment market by product, 2014 - 2025 (USD Billion)
Browse full research report on
Material 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.
About Grand View Research,
Inc:
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, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more information: http://www.grandviewresearch.com
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