According to a market report by Lucintel, the future of the material handling equipment market looks promising with opportunities in the automotive, food & beverages, chemical, semiconductor & electronics, e-commerce, aviation, and pharmaceutical markets. The global material handling equipment market is expected to grow with a CAGR of 5% to 7% from 2023 to 2028. The major drivers for this market are improving investments in the construction & industrial sector and favorable government initiatives worldwide encourage new infrastructure development.
In this market, storage and handling equipment, automated storage and retrieval system, industrial trucks, and bulk material handling equipment are the major segments by product. Lucintel forecasts that industrial trucks will remain the largest segment over the forecast period due to their wide area of application in an industrial setting. Additionally, these trucks are used to transport huge containers or boxes in a variety of end-use markets.
Within this market, e-commerce is expected to remain the largest segment due to increased penetration of the online shopping platforms, the existence of large online merchants, and rising logistics infrastructure.
APAC will remain the fastest growing region due to rising disposable income levels and increased spending on infrastructure & supply chains.
Toyota Industries, KION GROUP, Jugheinrich, Daifuku, Swisslog Holding, SSI Schaefer Group, Crown Equipment, Honeywell International, and Beumer Group are the major suppliers in the global material handling equipment market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global material handling equipment market by product, application, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Material Handling Equipment Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global material handling equipment market by product, application, and region, as follows:
Material Handling Equipment Market by Product [Value ($B) Shipment Analysis from 2017 to 2028]:
Storage and Handling Equipment
Automated Storage and Retrieval System
Industrial Trucks
Bulk Material Handling Equipment
Others
Material Handling Equipment Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
Automotive
Food & Beverages
Chemical
Semiconductor & Electronics
E-commerce
Aviation
Pharmaceutical
Others
Material Handling Equipment Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the material handling equipment market by product (storage and handling equipment, automated storage and retrieval system, industrial trucks, bulk material handling equipment, and others), application (automotive, food & beverages, chemical, semiconductor & electronics, e-commerce, aviation, pharmaceutical, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10.What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11.What M&A activity has occurred in the last 5 years and what has its impact been on the industry?