DUBLIN , Sept. 8, 2022 /PRNewswire/ -- The "Material Handling Equipment - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Material Handling Equipment Market to Reach US$156 Billion by the Year 2026
The rising need for global production companies to automate operations, and foster flow of goods in an efficient manner is the key force driving the market, at present. Growth in the market is also driven by improving investment in the construction and industrial sector, growing consumer spending on non-durable as well as durable products, improvement in fixed investment spending, and rise in mining activities worldwide.
Growth in the MHE industry is further underpinned by the replacement of antiquated machinery with new automated systems and robotics amid the increasing production shift towards artificial intelligence and Industry 4.0. A notable trend in the industry is increasing switch to cleaner battery-powered electric materials handling systems.
Demand for automated guided vehicles, and automated conveyors are expected to particularly register strong gains through the forthcoming years. Mature industrialized countries in Europe and the US contribute to the bulk of revenues, fueled by healthy replacement demand and the move towards automation and modernization of production processes in key end-use sectors.
Amid the COVID-19 crisis, the global market for Material Handling Equipment estimated at US$127.7 Billion in the year 2022, is projected to reach a revised size of US$156 Billion by 2026, growing at a CAGR of 4.7% over the analysis period.
The U.S. Market is Estimated at $33.3 Billion in 2022, While China is Forecast to Reach $27.3 Billion by 2026
The Material Handling Equipment market in the U.S. is estimated at US$33.3 Billion in the year 2022. The country currently accounts for a 26.39% share in the global market. China , the world's second largest economy, is forecast to reach an estimated market size of US$27.3 Billion in the year 2026 trailing a CAGR of 6.4% through the analysis period.
Hoists & Cranes Segment to Reach $21.7 Billion by 2026
Hoists and Cranes operate in a fixed location and a single work place. The equipment is used primarily to handle heavy loads and find application in areas of construction, shipbuilding and shipping industries. Electric drives are gaining traction in the material handling equipment sector, particularly in the crane and hoists segment.
BEUMER Group GmbH & Co. KG
Honeywell Safety and Productivity Solutions (SPS)
SSI SCHAFER - Fritz Schafer GmbH
Vanderlande Industries Nederland B.V.
Global Material Handling Equipment Market Heading towards Substantial Gains
Trend towards Industry 4.0 Redefines Material Handling Equipment Market
The Internet of Things Gains Prominence
IIoT Applications in Material Handling Equipment
Predictive Analytics: Simplify Decision Making
Big Data: Helps Identify the Best WM Practices
Mobility Devices Take Center Stage
Wearable Devices: Pilot Adoption Underway
3D Printing to Transform the Supply Chain
Companies Improving Traceability and Enhancing Material Handling Efficiency
Integration of MHE with Warehouse Management Systems
Third Party Logistics (3PL): Expanding in Industrial Manufacturing, Retail and Wholesale Sectors
Technology Tools Seek Wider Role in 3PL Domain
Expanding Retail Industry Generates Significant Opportunities
e-Commerce Emerges as New Growth Driver
Uptrend in e-Commerce Impacts Automated Conveyor Systems
e-commerce Bringing Changes in Supply Chain Management
Food & Beverage Manufacturing & Retail: One of the Leading Application Markets
Growing Importance of Automation & Technology Drive MHE in F&B Industry
Material Handling Market Steps Up Focus on Sustainability
Aging Workforce Drives Demand for Automated and Ergonomic Systems
Focus Intensifies on Cost-Effective MH Solutions
Traditional Supply Chain Facing Stiff Competition from Omnichannel Commerce
Technological Advances to Propel the Industry
Driverless Vehicles and Drones: No Longer a Distant Reality
Productivity and Safety Gain Immense Attention
Voice Recognition Systems Find Way
Select Product and Application Trends
Demand Goes Strong for Smart Conveyor Equipment
Modular Designed Conveyor Systems Add Versatility
Automated Lift Trucks Witness Increasing Adoption
Technologies Making Their Way into Lift Trucks
Pallet Trucks Grow in Sophistication
Demand for Automated Forklifts Picks up in Emerging Countries
Industry Demand Shifts towards Electric Trucks
Adoption of Electric Drives in Cranes and Hoists on Rise
Lithium Batteries Emerge as Hottest Trend
Advanced Material Handling Technologies Systems Improve Supply Chain Excellence
Automated Material Handling Equipment Make a Cut
Unit Load Systems Seek Bigger Role
Strong Contribution from North American Automated MHE Market
Advanced Robotics Impacts Automated Material Handling Equipment
Automation Initiatives of Industrial Units Spur Demand for AGVs
Advancements Lead to Expanded Opportunities for AGVs
Increasing Automation in Manufacturing Industries
Transition of Material Handling in Automobile Industry
Expansion of E-Commerce & Retail Industries
Entry of Start-Ups with Warehouse Automation Solutions
Automated Systems Gain Traction in Consumer Electronics Production Units
Rising Adoption of Automated Systems to Boost Global Pharmaceutical Material Handling Equipment Market
For more information about this report visit https://www.researchandmarkets.com/r/1pumac
Media Contact: Research and Markets Laura Wood , Senior Manager press@researchandmarkets.com For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/global-material-handling-equipment-market-to-reach-156-billion-by-the-year-2026-301620569.html
The Zacks Toys - Games - Hobbies industry benefits from robust demand for sports toys, fashion dolls and accessories, and STEM toys. Stocks like HAS, MAT and JAKK are well-positioned to tap the surge in demand.
Nio (NYSE: NIO) reported increasing losses in its second-quarter earnings report this week, but investors are shrugging that off, sending shares soaring Friday morning. Although its profit margins have been on a downward trend, new models being launched could turn that around in the coming years. Consumer prices in China increased at a slower pace than many expected in August, and producer inflation sank to the lowest level since February 2021, reports Reuters.
Peloton Interactive (NASDAQ: PTON) shares beat the market on Friday as the stock gained 11% by 1 p.m. ET compared to a 1.2% increase in the S&P 500. Shares have been reeling in recent months as Peloton struggled to boost sales of its exercise platforms or membership subscriptions to its services.
As we close in on the final quarter of 2022, investors are looking for an answer to one question: was June’s low the bottom for stocks, or do they have more room to fall? It’s a serious question, and there may be no easy answer. Markets are facing a series of headwinds, from the high inflation and rising interest rates that we’ve grown familiar with to an increasingly strong dollar that will put pressure on the upcoming Q3 earnings. Weighing in on current conditions from Charles Schwab, the $8 t
Shares of AMC Entertainment (NYSE: AMC) are rising 8.7% higher at 10:13 a.m. ET on Friday following CEO Adam Aron thanking the movie theater operator's shareholders for their support as rival Cineworld (OTC: CNNW.F) filed for bankruptcy on Wednesday. It's been expected for some time that the Regal theater owner would eventually file, as the industry is still racked by low attendance, but Aron assured investors AMC is in a "very, very different situation." Although both theater operators have over $5 billion in debt, Aron maintains it was because of investors who rallied behind the stock over the past year that AMC doesn't find itself in a similar position.
Recently, Zacks.com users have been paying close attention to AT&T (T). This makes it worthwhile to examine what the stock has in store.
Gary Gensler had strong words for the crypto industry in a Thursday speech, telling an audience of lawyers that the "vast majority" of the nearly 10,000 existing crypto tokens are securities.
The S&P 500 is on again, off again all year. But investors clearly have a "buy list" of stocks they want to own when the rally looks real.
Tesla stock is climbing today in midday trade, up over 2% and up nearly 10% for the week. Here are two big stories driving shares today.
All week long, trading in Nvidia (NASDAQ: NVDA) stock has been strong. After opening lower following the long holiday weekend, shares of the semiconductors-for-gaming leader have notched three straight days of stock price gains -- including this morning, with Nvidia stock up 2.2% through 10:30 a.m. ET. You can probably thank sustained buying by Cathie Wood for that.
The few cases that have already been tried have awarded average damages of $26 million. The case still has 230,000 military veterans awaiting their turn in court.
ChargePoint Holdings (NYSE: CHPT) stock jumped this week, gaining a solid 21.6% through the week as of 1 p.m. ET Friday, according to data provided by S&P Global Market Intelligence. If ChargePoint impressed investors with its quarterly numbers and outlook last week, an analyst singled out the electric vehicle (EV) charging stock this week as a major potential winner from the Inflation Reduction Act (IRA). Maheep Mandloi from Credit Suisse initiated coverage on ChargePoint stock midweek with an outperform rating and a price target of $22 per share.
A couple of catalysts drove the crypto trading specialist higher, including an upgrade by a Wall Street analyst and news it plans to fund a court battle challenging a U.S. Treasury Department decision. Daiwa analyst Carlton Lai upgraded Coinbase to buy from outperform (weak buy), while maintaining his price target of $100. Furthermore, after "years of delay," he views the upcoming debut of Ethereum's (CRYPTO: ETH) The Merge as "one of the crypto industry's biggest events this year."
Ford Motor Company (F) closed at $15.47 in the latest trading session, marking a +0.26% move from the prior day.
In this article, we discuss 10 dividend stocks with over 8% yield to buy in September. You can skip our detailed analysis of top high dividend stocks, and go directly to read 5 Best Dividend Stocks with Over 8% Yield You Can Buy in September. In the current market situation, investors are looking for different […]
Yahoo Finance Live anchors discuss second-quarter earnings for Kroger.
Shares of Medical Properties Trust (NYSE: MPW), Annaly Capital Management (NYSE: NLY), and Enterprise Products Partners (NYSE: EPD) offer yields that are way above average. Medical Properties Trust is a real estate investment trust (REIT) that owns heaps of hospitals in the U.S. and nine other countries across four continents.
In the latest trading session, VALE S.A. (VALE) closed at $12.34, marking a +0.57% move from the previous day.
See how to gauge demand and strength in Apple, Nasdaq and other stocks on the latest list of new buys by the best mutual funds.
U.S. stocks extended a broad-based rebound Friday, with Wall Street on pace to snap a three-week losing streak.