Material Handling Equipment Market Overviews
Because of the coronavirus epidemic, more than 50.0 percent of industrial owners expect new projects to be postponed or halted. Close to 30.0 percent of owners, on the other hand, intend to change sales income based on ongoing projects. Unless OEMs seek to transition digitally, the facts cited do not auger well for market growth. Market growth is projected to be aided by investments in power and battery technology. Apart from the uncertainties generated by the coronavirus pandemic, positive government measures worldwide encourage new infrastructure development, resulting in growth prospects in the material handling equipment market over the projection period. Economies like India, China, and Southeast Asia are drawing foreign investment, supporting infrastructure and industrial development, and thereby opening up new growth opportunities. Airports, train networks, seaports, and power plants are examples of public infrastructure development. Over the foreseeable period, all of these activities may encourage the use of material handling equipment. Despite a slight drop in demand for industrial applications in 2020, extraordinary expansion in the e-commerce sector aided market growth throughout the pandemic.
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Material Handling Equipment Market Scope and Methodology:
The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their Storage & Handling Equipment quality is in the Market. The report also analyses if the Global Material Handling Equipment Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly if the market is dominated by a few players, etc.
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Material Handling Equipment Market Regional Insights
In 2023, Europe dominated the material handling equipment market, accounting for 34.1 percent of total sales. Market expansion will be aided by the adoption of innovative products to support large-scale industrial presence in the region. There are numerous industries in Europe that provide sales prospects, ranging from food and beverage to electronics production. In addition to industrial industries, same-day delivery models in the e-commerce sector contributed to regional demand in 2020, a trend that is projected to continue in the coming years.
Material Handling Equipment Market Segmentation
In 2023, the e-commerce industry dominated the material handling equipment market, accounting for 23.2 % of total sales. During the lockdown limitations, a sudden need for distribution and transportation of necessary products, particularly groceries, boosted market growth. The impact of the coronavirus will not be a one-time boost; rather, it will have a long-term impact on industrial demand, offering chances for material handling equipment vendors. By 2027, the e-commerce sector's demand for material handling equipment is expected to exceed USD 10.0 Bn.
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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
Key questions answered in the Material Handling Equipment Market are:
- What is Material Handling Equipment ?
- What was the Material Handling Equipment market size in 2023?
- What is the growth rate of the Material Handling Equipment Market?
- Which are the factors expected to drive the Material Handling Equipment market growth?
- What are the different segments of the Material Handling Equipment Market?
- What growth strategies are the players considering to increase their presence in Material Handling Equipment ?
- What are the upcoming industry applications and trends for the Material Handling Equipment Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Material Handling Equipment Market?
- Who are the leading companies and what are their portfolios in Material Handling Equipment Market?
- What segments are covered in the Material Handling Equipment Market?
- Who are the key players in the Material Handling Equipment market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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