Global Market for Material Handling Equipment

Dublin, Sept. 02, 2022 (GLOBE NEWSWIRE) -- 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. . Select Competitors (Total 463 Featured):

BEUMER Group GmbH & Co. KG

Honeywell Safety and Productivity Solutions (SPS)

SSI SCHAFER - Fritz Schafer GmbH

Vanderlande Industries Nederland B.V.

Key Topics Covered: I. METHODOLOGY II. EXECUTIVE SUMMARY 1. MARKET OVERVIEW

2. FOCUS ON SELECT PLAYERS 3. MARKET TRENDS & DRIVERS

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

4. GLOBAL MARKET PERSPECTIVE III. MARKET ANALYSIS

For more information about this report visit https://www.researchandmarkets.com/r/k9stq7

Global Market for Material Handling Equipment

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