Global Material Handling Equipment Market Report and Forecast 2024-2032

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In the manufacturing sector, material handling is a vital intermediary. As it does not contribute directly to the manufacture of products, it results in the effectiveness in the handling, management, storage, and transport of products. This equipment complements the manufacturing activity by ensuring that products circulate quickly, smoothly, and efficiently. An increase in industrial and infrastructural operations is expected to bode well for material handling equipment market growth in order to meet the demand from the ever-growing population, thus, aiding in the growth of the global material handling equipment industry.

Market Segmentation

Material handling equipment (MHE) is a mechanical equipment, which is used throughout the production process in warehouses for managing movement, storage, transportation, and control and protection of goods and materials. The equipment allows for cost-effective and efficient method for the easy transition of goods across the manufacturing plants.

The global material handling equipment market can be divided based on segments like product, system type, industry, and function. The material handling equipment industry can be divided on the basis of its product types into storage and handling equipment, automated storage and retrieval system, industrial trucks, and bulk material handling equipment. The industry can be categorised on the basis of its system type as unit load material handling systems and bulk load material handling systems.

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The industry can be broadly categorised on the basis of its industry into:

• Automotive
• Metal and Heavy Machinery
• Food and Beverages
• Chemicals
• Semiconductors and Electronics
• Healthcare
• Aviation
• E-Commerce
• Others

The industry can be categorised based on its function as assembly, packaging, transportation,  distribution, storage, and waste handling.

The EMR report looks into the regional material handling equipment markets like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

Global Material Handling Equipment Market Analysis

The global material handling equipment market is being driven by the rising demand for incorporation of automation and modernisation into manufacturing procedures to make the manufacturing process simpler and cost-effective. The other factors contributing to the industry growth are the development of the aviation and e-commerce sectors, and the demand for supply chain transparency and flexibility in warehouse activities, and the rising demand for enhanced storage and transportation of goods in warehouses. By improving logistics in warehouses and manufacturing plants, it guarantees increased productivity. These products give a cost-effective, process-efficient, and precise technique for the rapid transfer of goods across production plants and warehouses, leading to its enhanced demand and, thus, aiding the industry growth. The rising material handling equipment in emerging markets like India is expected to also propel the overall industry growth globally. Manufacturing and other sectors are constantly attracting enormous quantities of foreign capital, thereby increasing the operations of manufacturing. Governments around the globe are growing their infrastructure growth to construct and upgrade new airports, rail networks, seaports, and power plants. It ensures improved productivity by enhancing logistics at warehouses and manufacturing plants.

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Competitive Landscape

The report presents a detailed analysis of the following leading material handling equipment companies, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Daifuku Co., Ltd.
• Jungheinrich AG
• The Beumer Group GmbH & Co. KG
• Kion Group AG
• Mecalux, S.A.
• Toyota Industries Corporation
• Hyster-Yale Materials Handling, Inc.
• JBT Corporation
• KUKU AG
• Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces.

Key Highlights of the Report