Material Handling Equipment Market is expected to generate a revenue of USD 46.18 Billion by 2030, Globally, at 6.46% CAGR: Verified Market Research®
JERSEY CITY, N.J., Feb. 2, 2023 /PRNewswire/ -- Verified Market Research® recently published a report, "Material Handling Equipment Market" By Type (Cranes and Lifting Equipment, Industrial Trucks, Continuous Handling Equipment, and Racking and Storage Equipment), By Operations (Assembly, Distributions, Transportation), By Industry (Consumer Goods and Electronics, Automotive, Food and Beverage), and By Geography.
The market report is a good combination of qualitative and quantitative data that highlights significant market changes, obstacles that business and the competition must overcome, as well as new possibilities and trends in the global Material Handling Equipment Market.
JERSEY CITY, N.J., Feb. 2, 2023 /PRNewswire/ -- Verified Market Research® recently published a report, "Material Handling Equipment Market" By Type (Cranes and Lifting Equipment, Industrial Trucks, Continuous Handling Equipment, and Racking and Storage Equipment), By Operations (Assembly, Distributions, Transportation), By Industry (Consumer Goods and Electronics, Automotive, Food and Beverage), and By Geography.
As per the deep research carried out by Verified Market Research®, the global Material Handling Equipment Market size was valued at USD 26.17 Billion in 2021 and is projected to reach USD 46.18 Billion by 2030, growing at a CAGR of 6.46% from 2023 to 2030.
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Browse in-depth TOC on "Material Handling Equipment Market"
202 - Pages
126 – Tables
37 – Figures
Global Material Handling Equipment Market Overview
Material handling equipment is equipment that is used for handling materials, goods, products, etc., throughout the supply chain. Such equipment aids in the movement, storage, control, and protection of various materials. A typical supply chain of any product or good includes distinct operations such as manufacturing, distribution, consumption, and disposal. Based on the operations for which the material handling equipment is used, they are categorized as transport equipment, positioning equipment, unit load formation, and storage equipment. There are many material handling equipment such as conveyors, cranes, and industrial trucks, which serve specific purposes in material management.
The major trend that has revolutionized the market for material handling equipment is the Internet of Things or IoT. IoT, along with other technologies such as artificial intelligence, cloud-based operations, etc., has greatly assisted the market in progress in terms of revenue. This technology has allowed the development of some smart systems such as automated storage and retrieval systems (ASRS). ASRS can perform real-time 3D visualization and business analytics within no time. Because of such crucial developments, the market is estimated to significantly grow during the forecast period.
Verified Market Research® narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The "Global Material Handling Equipment Market" is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
Key Players
The "Global Material Handling Equipment Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are Liebherr Group, Manitowoc, Columbus McKinnon Corporation, Beumer Group, Kion Group AG, Toyota Industries, Eisenmann SE, Crown Equipment Corporation, Daifuku Corporation Ltd., Hyster-Yale materials Handling Inc. among others.
Based on the research, Verified Market Research® has segmented the global Material Handling Equipment Market into Type, Operations, Industry, And Geography.
- Material Handling Equipment Market, by Type
- Cranes and Lifting Equipment
- Industrial Trucks
- Continuous Handling Equipment
- Racking and Storage Equipment
- Material Handling Equipment Market, by Operations
- Assembly
- Distributions
- Transportation
- Others
- Material Handling Equipment Market, by Industry
- Food and Beverage
- Pharmaceuticals
- Construction
- Mining
- Material Handling Equipment Market, by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
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