The Material Handling Equipment Global Market Report 2023, provides comprehensive information on the material handling equipment market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Material Handling Equipment Global Market Report 2023, the global material handling equipment market size is expected to grow from $180.60 billion in 2022 to $194.27 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the material handling equipment market is expected to reach $248.83 billion in 2027 at a CAGR of 6.3%.
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Technological innovation are a key trend gaining popularity in the material handling equipment market. Major players are concentrating on creating innovative equipment technologies products, such as electric material handling equipment to strengthen their position. For instance, in May 2022, Linde Material Handling, a Germany-based manufacturer of forklift trucks and warehouse equipment company, introduced electric heavy-duty forklift trucks with load capacities ranging from 10 to 18 tonnes. This innovative, compact, heavy-duty truck series is built on the eight-ton range and includes a double drive, double lifting hydraulics, two batteries, and scaled pumps.
The material handling equipment market is segmented:
1) By Type: Manufacturer, Distributor
2) By Product: Cranes and Lifting Equipment, Industrial Trucks, Continuous Handling Equipment, Racking and Storage Equipment
3) By End Users: Automotive, Food And Beverages, Chemical, Semiconductor And Electronics, E-commerce, Aviation, Pharmaceutical, Other End Users
Asia-Pacific was the largest region in the material handling equipment market in 2022.
The table of contents in TBRC’s material handling equipment market report includes:
1. Executive Summary
2. Material Handling Equipment Market Characteristics
3. Material Handling Equipment Market Trends And Strategies
4. Material Handling Equipment Market – Macro Economic Scenario
5. Material Handling Equipment Market Size And Growth
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26. Africa Material Handling Equipment Market
27. Material Handling Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Material Handling Equipment Market
29. Material Handling Equipment Market Future Outlook and Potential Analysis
30. Appendix
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