Despite the lockdown, there was strong demand for grocery delivery and distribution, which aided the sector’s growth. Aside from OEMs, the epidemic has prompted other supply chain companies to look into solutions that can help them make better decisions by utilising AI to evaluate massive amounts of data that they collect on a regular basis. A combination of data-driven insights and hindsight will aid in the development of a strong supply chain supported by technological advances in equipment.
Material Handling Equipment Market Scope:
The report includes drivers to your advantage, restraints to help you overcome obstacles, and potential opportunities for the Material Handling Equipment market. The Material Handling Equipment market report also aids in understanding the consumer’s interests and purchasing habits, how much your potential customers spend annually on the types of products or services you intend to offer, and the size of your business’s potential market. The qualitative and quantitative data in the Material Handling Equipment market study help to understand which market segments and regions are expected to grow the fastest, market factors influencing the market, and key opportunity areas.
Material Handling Equipment Market Overview:
The report thoroughly examines the current Material Handling Equipment Market and forecasts performance over the forecast period. The report profiles key market criteria to help stakeholders make sound business decisions. The report provides an overview of the Material Handling Equipment market, highlighting standard topics and providing data that can be customised to meet specific needs. The report provides insight into the Material Handling Equipment market, assisting in the understanding of future product demand and competitiveness. Market Overview provides detailed information on market size, regional share, and benchmarking of market players. The report aids in providing comprehensive knowledge of the Material Handling Equipment market in order to redefine and fully utilise business strategies.
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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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.
The report examines the Material Handling Equipment market’s key players in terms of company size, market share, market growth, revenue, production volume, and profits. The Report delves into key players’ growth strategies, such as strategic alliance formation and new product innovation. The report aids in understanding the pricing strategies of competitors in the Material Handling Equipment market so that pricing strategies can be analysed and developed accordingly.
Material Handling Equipment Market Drivers:
The automated storage and retrieval system segment will account for 28.2 percent of total revenue in 2020. According to this growth, warehouses are implementing social distance during the COVID-19 pandemic. These systems were popular at the time because they increased efficiency and corresponded with social distancing norms. Investing in automated equipment will increase over the forecast period, providing profitable opportunities in the material handling equipment market. The automated storage-retrieval systems segment is expected to grow at a rate slightly higher than the global average from 2021 to 2028.
Material Handling Equipment Market Segmentation:
E-commerce dominated the material handling equipment market in 2020, accounting for 23.2% of total sales. During the lockdown restrictions, there was an unexpected need for distribution and transportation of necessary products, particularly groceries, which boosted market growth. The coronavirus’s impact will not be a one-time boost; rather, it will have a long-term impact on industrial demand, providing opportunities for material handling equipment vendors. The demand for material handling equipment in the e-commerce sector is expected to exceed USD 10.0 billion by 2027.
Aside from the pandemic, the retail industry has always shown tremendous growth potential, which is likely to continue in the long run. Because of the convenience of online shopping, retailers have built micro-fulfillment centres to facilitate quick product deliveries, increasing the demand for material handling equipment.
In 2020, the automotive category, followed by the e-commerce sector, accounted for a significant revenue share in the material handling equipment market. The segment is expected to be worth more than USD 5.0 billion by 2027. Automakers prefer AGVs, or automated guided vehicles, because of the autonomy they provide when performing daily operations.
Material Handling Equipment Market Share Analysis:
The report examines key players in terms of their contributions to the Material Handling Equipment market. In comparison to other players, it provides the concept of expanding the business in the Material Handling Equipment market. In comparison to your company, the report includes key insights about market players based on revenue generation, product offering, and customer base. It depicts the growth, fragmentation, dominance, and merging characteristics of the Material Handling Equipment market.
Regional Analysis:
Factors influencing the Material Handling Equipment market in regions such as North America, Asia Pacific, the Middle East, Europe, and South America are discussed in the report. Legal barriers, geographic advantages, purchasing habits, and so on vary by region and country.
Key Questions answered in the Material Handling Equipment Market Report are:
- Which product segment grabbed the largest share in the Material Handling Equipment market?
- How is the competitive scenario of the Material Handling Equipment market?
- Which are the key factors aiding 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 application segment emerged as the leading segment in the Material Handling Equipment market?
- Which are the prominent players in the Material Handling Equipment market?
- What key trends are likely to emerge in the Material Handling Equipment market in the coming years?
- What will be the Material Handling Equipment market size by 2029?
- Which company held the largest share 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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