Despite the lockdown, there was strong demand for grocery delivery and distribution, which aided the sector’s growth. Aside from OEMs, the epidemic has spurred other supply chain organizations to look into solutions that might help them make better decisions by applying AI to analyse massive amounts of data that they acquire on a regular basis. A combination of data-driven insights and hindsight will aid in the establishment of a strong supply chain supported by technological advances in equipment.
Material Handling Equipment Market Scope and Research Methodology:
The report’s goal is to analyze and forecast the Material Handling Equipment market size. In order to correctly depict the competition scenario for the worldwide Material Handling Equipment industry, the market research provides strategic profiling of important market participants. It contains a thorough examination of new product launches, acquisitions, mergers and acquisitions, joint ventures, brands, and important players in the Material Handling Equipment business. The research contains information on industry trends and developments, market dynamics and their potential, assisting specialists in staying current on the most recent trends and sector performance, estimating growth and fall in Material Handling Equipment market share during the forecast period. Primary and secondary research approaches were used to have a thorough understanding of the Material Handling Equipment industry. Various approaches such as the PESTLE, PORTER, and SWOT analysis were applied for accurate results. SWOT analysis was used to identify the industry’s key players’ strengths, weaknesses, opportunities, and difficulties. The PORTER and PESTLE study assists in comprehending the microeconomic and macroeconomic aspects influencing the Material Handling Equipment industry.
Material Handling Equipment Market Report Overview:
The research comprehensively covers insight analysis in light of the Material Handling Equipment Market, as well as its ever-changing patterns, industry environment, and all leading market elements. The Material Handling Equipment market study also includes a complete analysis of leading players.
Material Handling Equipment Market Size was valued nearly US$ 26.5 Bn. in 2020. Material Handling Equipment Market size is estimated to grow at a CAGR of 7% & is expected to reach at US$ 46.38 Bn. by 2027.
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Material Handling Equipment Market Segmentation:
Material handling equipment is a highly concentrated market with severe competition. As part of a crucial growth strategy, vendors want to use organic and inorganic methods to sustain competitiveness. Toyota Material Handling, a division of Toyota Industries Corporation, for example, will introduce Mole and Mouse Automated Guided Carts (AGCs) in April 2021. Customers should be able to use the solution to automate repetitive operational tasks in assembly lines, distribution centers, warehouses, and manufacturing plants. Similarly, in July 2020, Vanderlande Industries B.V, a logistics process automation business, will unveil HOMEPICK, a goods-to-person (GTP) picking system. Customers can place online grocery orders using the product, which complements the company’s automated storage and retrieval system (AS/RS).
Key vendors are also concentrating on mergers and acquisitions to help them extend their geographic reach and market position. In April 2019, Daifuku Co., Ltd, a producer of material handling equipment, purchased Vega Conveyors and Automation Private Limited. The acquisition will enable the company to expand its market presence in India and other APAC countries. Similarly, in February 2019, Toyota Industries Corporation acquired Hoist Liftruck Mfg., LLC. Toyotaexp and its portfolio, as well as its North American consumer base, are set to profit from the acquisition.
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.
Material Handling Equipment Market Regional Analysis:
The report is divided into several key countries, with market size, growth rate, import and export of Material Handling Equipment market in these countries, which cover North America, the United States, Canada, Mexico, Europe, the United Kingdom, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and the Middle East and Africa.
Key Questions answered in the Material Handling Equipment Market Report are:
- Which segment grabbed the largest share in the Material Handling Equipment market?
- Which segment is expected to grow at a high rate during the forecast period?
- How is the competitive scenario of the Material Handling Equipment market?
- Which are the key factors driving the Material Handling Equipment market growth?
- Which region holds the maximum share in the Material Handling Equipment market?
- What will be the CAGR of the Material Handling Equipment market during the forecast period?
- Which are the prominent players in the Material Handling Equipment market?
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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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