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Materials and products often need facilities for storage, protection and retrieval. And, material handling equipment may provide just that to users. A combination of tools may in fact provide the perfect control through facilitating the movement and other tasks mentioned here. And, thus these are widely used in manufacturing plants and warehouses. And, as they improve on logistics, they save on costs, thus gaining popularity among users. These also massively contribute to locating stock and maintaining inventory, preparing orders, etc.

Thus, owing to the need to utilize floor space optimally and efficiently, the global material handling equipment market is set to a chart a high growth trajectory between 2018 and 2026. Some developments that seem critical for the growth in the global material handling equipment market are outlined below:

  • A massive wave of automation is sweeping businesses to much growth across industry verticals. And, the reasons are not hard to find. For instance, using these equipment not only can layout of plants can be better put to use but also supply chain can be made highly efficient. Additionally, at the manufacturing plants, downtime can be minimized. This is critical for businesses to plug wastage of resources. Besides, as safety concerns mount, automation becomes more important now than ever. Thus, innovation also plays a crucial role in the market landscape. And, thus a number of market players are investing themselves heavily in the zone. This adds to the growth of the market.
  • The future is material handling equipment market will be marked by high control methodologies and will see artificial intelligence as a crucial part of the technology. This not just changes the outlook of how businesses grow in the future but also adds to much growth in the global material handling equipment market over the forecast period.

Global Material Handling Equipment Market: Overview

Material handling equipment is a tool or a combination of tools used facilitate the movement, protection, storage, and retrieval and control of materials and products. This equipment is used to manage the storage and movement of good and products in warehouses or manufacturing plants. Material handling equipment tends to increase productivity by improving logistics in manufacturing plants. It is required in warehouses or manufacturing plants for quick movement of goods or products, locating stock, preparing orders, and localizing stock. Increase in need for optimum utilization of floor space, efficient and smooth in and outflow of material, streamlined plant layouts, efficient supply chain, and minimization of downtime at manufacturing plants are the key trends driving the material handling equipment market. Moreover, a shift toward automation in material handling equipment is likely to propel the market.

Emphasis on automation, safety, and productivity is increasing in the global material handling equipment market. Companies are focusing on innovating equipment based on these three factors and as per customer requirements. In the future, high control methodologies are expected to be used in the material handling equipment market. Integration of electronic intelligence with material handling equipment is expected to change the outlook for the global material handling equipment market over the forecast period.

Material handling equipment is available in a wide variety of configuration and types such as conveying equipment, bucket conveyor, screw conveyer, vibrating conveyer, roller conveyer, magnetic belt conveyer, chain conveyer, platform truck, walkie stacker, pallet jack, platform truck, etc.  Based on type, the global material handling market can be categorized into storage and handling equipment, engineered systems, industrial trucks, and bulk material handling equipment. Storage and handling equipment includes racks such as pallet trucks, push-back racks, and sliding trucks; stacking frames, shelves, bins & drawers, etc. Engineered systems on the other hand are typically automated material handling equipment such as AS/RS, conveyor systems, robotic delivery system, and automated guided vehicles. Industrial trucks such as forklift, hand trucks, pallet trucks, walkie stackers, side loader, etc. are used to handle large materials or containers around the manufacturing floor. Bulk material handling equipment includes conveyor belts, stackers, reclaimers, and bucket & grain elevators.

Global Material Handling Equipment Market: Regional Outlook

The material handling equipment market in Asia Pacific is expected to expand at a rapid pace. Material handling equipment such as electric lift trucks is expected to see gains in the North America, as end-users look forward to reduce downtime and ensure an efficient supply chain. Expansion in e-commerce is anticipated to stimulate demand for material handling equipment, as business is increasingly conducted in energy-efficient warehouses in developing countries such as China and India. Furthermore, the market share of India and China is expected to witness significant rise in near future, due to rise in manufacturing output, which is augmenting demand for the same. Countries in Western European such as Spain, France, and Portugal are among the most prominent users of material handling equipment globally, owing to the fact that manufacturers in these regions have adopted automated equipment as an answer to high labor costs. Consumption of energy-efficient material handling equipment is anticipated to increase in Japan and Germany due to improved manufacturing conditions.

Global Material Handling Equipment Market: Key Players

Currently, the global material handling equipment market is experiencing consolidation between industry players. For example, in 2013, Interroll acquired Portec Group International, Kalmar acquired Mareiport, and Toyota Industries acquired Cascade in 2012. Companies are also entering into strategic partnerships in the material handling equipment market. For instance, in 2014, Liebherr and Kamaz entered in strategic partnership. Prominent players operating in the global material handling equipment market   include Liebherr Group, KION Group AG, Jungheinrich AG, Viastore Systems GmbH, Eisenmann AG, Beumer Maschinenfabrik GmbH, Jervis B. Webb Company, Columbus McKinnon Corporation, Crown Equipment Corporation, Hyster-Yale Materials Handling, Inc., Hytrol Conveyor Co., Inc., Manitowoc Company, Inc., Xuzhou Heavy Machinery Co., Ltd., and Toyota Industries Corporation. Koke Inc. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Material Handling Equipment Market

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