Global Material Handling Equipment Market Analysis (2022-2028)

  • Publish Date
    February 5, 2023
  • No of Pages
    310
  • SKU Code
    GIR 7911
  • Format

Report Overview

  • Understand the latest market trends and future growth opportunities for the Material Handling Equipment industry globally with research from the Global Industry Reports team of in-country analysts – experts by industry and geographic specialization.
  • Key trends are clearly and succinctly summarized alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight, and confident growth projections.
  • The report will cover the overall analysis and insights in relation to the size and growth rate of the “Material Handling Equipment Market” by various segments at a global and regional level for the 2010-2028 period, with 2010-2021 as historical data, 2022 as a base year, 2023 as an estimated year and 2023-2028 as forecast period.

Description:

  • The global material handling equipment market size was valued at USD 132.6 billion in 2022. The market is projected to grow from USD 132.6 billion in 2022 to USD 163.3 billion by 2027, exhibiting a CAGR of 4.7% during the forecast period.
  • Conveyor Systems, one of the segments analyzed in the report, is projected to record a 4.3% CAGR and reach US$68.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Forklifts segment is readjusted to a revised 5% CAGR for the next 7-year period.
  • Based on our analysis, the global market exhibited an average growth of 4.5% in 2020 as compared to 2019. Material Handling Equipment (MHE) is a mechanical equipment used to transport, store, regulate, and protect materials, commodities, and outputs during the manufacturing, consumption, disposal, and distribution processes. Transportation equipment, positioning equipment, storage equipment, and others (unit load formation equipment, identification, and control equipment) are the four primary categories of material handling equipment available.

Material handling equipment market 2023

MARKET DATA INCLUDED

  • Unit SalesAverage Selling PricesMarket Size & Growth Trends
  • COVID-19 Impact and Global Recession Analysis
  • Analysis of US inflation reduction act 2022
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies – Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Market Drivers & Limiters
  • Market Forecasts Until 2028, and Historical Data to 2015
  • Recent Mergers & Acquisitions
  • Company Profiles and Product Portfolios
  • Leading Competitors

material handling equipment sales

The Report Includes:

  • The report provides a deep dive into details of the industry including definitions, classifications, and industry chain structure.
  • Analysis of key supply-side and demand trends.
  • Detailed segmentation of international and local products.
  • Historic volume and value sizes, company, and brand market shares.
  • Five-year forecasts of market trends and market growth.
  • Robust and transparent research methodology conducted in-country.
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.
  • Provision of market value (USD Billion) data for each segment and sub-segment.
  • Analysis by geography, region, Country, and its states.
  • A brief overview of the commercial potential of products, technologies, and applications.
  • Company profiles of leading market participants dealing in products category.
  • Description of properties and manufacturing processes.
  • marketed segments on the basis of type, application, end users, region, and others.
  • Discussion of the current state, setbacks, innovations, and future needs of the market.
  • Examination of the market by application and by product sizes; utility-scale, medium scale and small-scale.
  • Country-specific data and analysis for the United States, Russia, China, Germany, United Kingdom, France, Japan, Israel, Saudi Arabia, South Korea, United Arab Emirates, Canada, Switzerland, Australia, India, Italy, Turkey, Qatar, Sweden, Spain, Belgium, Netherlands, Norway, Singapore, Egypt, Denmark, Austria, Vietnam, Brazil, Argentina, Mexico, South Africa, and others.
  • Coverage of historical overview, key industrial development and regulatory framework.
  • Analysis of competitive developments, such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the market.
  • A look at the opportunities in the market for stakeholders and provide a competitive landscape of the market leaders.

Reports Scope and Segments:

Report Attribute Details
Market size value in 2022 USD 132.7 Billion
Revenue forecast in 2028 USD 163.8 Billion
Growth Rate CAGR of 18.5% from 2022 to 2028
Base year for estimation 2022
Historical data 2015 – 2021
Forecast period 2022 – 2028
Quantitative units Revenue in USD million and CAGR from 2022 to 2028
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, trends, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

COVID-19 Impact, Market Growth Trends, Market Limiters, Competitive Analysis & SWOT for Top Competitors, Mergers & Acquisitions, Company Profiles, Product Portfolios, Disease Overviews.

Market Size, Market Shares, Market Forecasts, Market Growth Rates, Units Sold, and Average Selling Prices.

Segments covered Product, Type, Operation, Technology, Application, Region
Regional scope North America; Europe; Asia Pacific; Latin America; Middle East and Africa and rest of the world
Country scope United States, Russia, China, Germany, United Kingdom, France, Japan, Israel, Saudi Arabia, South Korea, United Arab Emirates, Canada, Switzerland, Australia, India, Italy, Turkey, Qatar, Sweden, Spain, Belgium, Netherlands, Norway, Singapore, Egypt, Denmark, Austria, Vietnam, Brazil, Argentina, Mexico, South Africa, and others.
Key companies profiled Hytrol Conveyor Co., Inc.; Interroll Group; Invata Intralogistics; Invia Robotics; JBT Corporation; Jervis B. Webb Company; John Bean Technologies; Jungheinrich AG; Kion Group AG; Komatsu Ltd.; Konecranes; KUKU AG; Liebherr Group; Locus Robotics; Manitowoc; Mecalux, S.A.; Meiden America; Mitsubishi Caterpillar Forklift America, Inc.; Mitsubishi Logisnext Americas Inc.; Mobile Industrial Robots; Murata Machinery, Ltd.; Palfinger; Sany heavy Industry Co. Ltd.; Schaefer System International Ltd.; Siemens AG; Swisslog Holding AG; TGW Logistics; Toyota Industries Corporation; Vanderlande Industries B.V.; Viastore Systems GmbH; Westfalia Technologies; WITRON Logistik + Informatik GmbH; XCMG; Xuzhou Construction Machinery Group Co., Ltd; Zoomlion Heavy Industry Science and Technology Co., Ltd and others
Customization scope Free report customization (equivalent up to 20 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.
Report Format PDF, PPT, Excel & Online User Account

 

Based on the product:

  • Storage and Handling Equipment
  • Automated Storage and Retrieval System
  • Industrial Trucks
  • Bulk Material Handling Equipment
  • Cranes and Lifting Equipment
  • Racking & Storage Equipment
  • Continuous Handling Equipment
  • Others

Based on End-user applications:

  • Automotive
  • Food & Beverages
  • Chemical
  • Semiconductor & Electronics
  • E-commerce
  • Aviation
  • Pharmaceutical
  • Others

Based on equipment:

  • Storage & handling equipment
  • Racks
  • Stacking frames
  • Shelves, bins & drawers
  • Mezzanines
  • Industrial trucks
  • Automated Guided Vehicles (AGVs)
  • Hand, platform & pallet trucks

Based on the component:

  • Order pickers
  • Pallet jacks
  • Side loaders
  • Walkie stackers
  • Bulk material handling equipment
  • Conveyor belts
  • Stackers
  • Reclaimers
  • Elevators
  • Robotics

Based on technology:

  • Automate Storage & Retrieval System (AS/RS)
  • Unit load AS/RS
  • Mini load AS/RS

 

Companies Covered in Report:

Action Construction Equipment Ltd. Eisenmann SE Jungheinrich AG Palfinger
Addverb Technologies FlexLink AB Kion Group AG Sany heavy Industry Co. Ltd.
Anhui Heli Co., Ltd. Godrej Group Komatsu Ltd. Schaefer System International Ltd.
Automation Logistic Hangcha Konecranes Siemens AG
Avancon Hanwha KUKU AG Swisslog Holding AG
Beumer Group Honeywell International, Inc. Liebherr Group TGW Logistics
Cargotec Hyster-Yale Materials Handling Inc. Locus Robotics Toyota Industries Corporation
CLARK Hytrol Conveyor Co., Inc. Manitowoc Vanderlande Industries B.V.
Columbus McKinnon Corp. Interroll Group Mecalux, S.A. Viastore Systems GmbH
Continiental Invata Intralogistics Meiden America Westfalia Technologies
Crown Equipment Corporation Invia Robotics Mitsubishi Caterpillar Forklift America, Inc. WITRON Logistik + Informatik GmbH
Daifuku Co. Ltd JBT Corporation Mitsubishi Logisnext Americas Inc. XCMG
Dematic Group Jervis B. Webb Company Mobile Industrial Robots Xuzhou Construction Machinery Group Co., Ltd
Doosan Corporation John Bean Technologies Murata Machinery, Ltd. Zoomlion Heavy Industry Science and Technology Co., Ltd

 After Sales Support

  • Every updated edition of the report and full data stack will be provided at no extra cost for 24 months.
  • Latest 2022 base year report.
  • Free Updated edition of 2023 every quarter without any hidden cost.
  • No user limitation for the report. Unlimited access within the organization.
  • Unrestricted post-sales support at no additional cost
  • Free report customization (equivalent up to 10 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope
  • Global Industry Reports will support your post-purchase for a period of 24 months to answer any of your queries related to the following market and to provide you any more data needed, for your analysis.
  • Option to purchase regional or some selected Chapters from the report.

Key questions that are answered in this report

  • What is the estimated value of the Global Market for Material Handling Equipment in 2023?
  • What is the growth rate of the Global Market for Material Handling Equipment in 2023?
  • What is the size of the Global Market for Material Handling Equipment in US, EUROPE, G20 countries?
  • Who are the key companies in the Global Market for Material Handling Equipment?
  • Which region is expected to hold the highest share in the Material Handling Equipment Market?
  • Who are the top key players in the Material Handling Equipment Market?
  • Which segment is expected to hold the largest market share in the Material Handling Equipment Market by 2027?
  • Executive Summary
  • Research Methodology
    • Primary Research
    • Secondary Research
    • Market Analytics
    • Revenue Forecasting
  • Market Overview
    • Market Definition
    • Scope of the Study
      • Research Objectives
      • Assumptions & Limitations
      • Market Structure
    • Market Dynamics
      • Introduction
      • Microeconomic Factor Analysis
      • Market Evolution
      • Technology Roadmap
      • Demand-Supply Dynamics
      • Growth Drivers
      • Restraints
      • Opportunities
      • Challenges
      • Sustainable Strategies
    • Market Trend Analysis (Product Analysis, Technology Analysis, Application Analysis)
    • Industry Analysis
      • Profitability analysis
      • Supply Chain & Value Chain Analysis
      • Porter’s Five Forces Analysis
        • Bargaining power of Suppliers
        • Bargaining Power of Buyers
        • Threat of substitutes
        • Threat of new entrants
        • Degree of Competition
      • PEST Analysis
      • Upstream and downstream profitability analysis and opportunities

Global Market Scope

  1. Market analysis by product category
  2. Market analysis by component / type
  3. Market analysis by technology
  4. Market analysis by application
  5. Market analysis by industry vertical
  6. Market analysis by end-use
  7. Market analysis by emerging technologies, trends and applications
  8. Market analysis by region
    • North America
      • US
      • Canada
      • Mexico
      • Others
    • South America
      • Brazil
      • Argentina
      • Chile
      • Colombia
      • Peru
      • Venezuela
      • Ecuador
      • Others
    • Europe
      • Germany
      • France
      • UK
      • Russia
      • Italy
      • Spain
      • Sweden
      • Netherlands
      • Poland
      • Austria
      • Belgium
      • Finland
      • Norway
      • Switzerland
      • Denmark
      • Czech Republic
      • Portugal
      • Others
    • Asia-Pacific
      • China
      • Japan
      • South Korea
      • Taiwan
      • India
      • Australia
      • Indonesia
      • Philippines
      • Malaysia
      • Others
    • Middle East
      • Iran
      • Turkey
      • Kuwait
      • UAE
      • Israel
      • Oman
      • Bahrain
      • Saudi Arabia
      • Qatar
      • Egypt
      • Others
    • Africa
      • Algeria
      • Libya
      • South Africa
      • Sudan
      • Zimbabwe
      • Others
  1. Competitive Landscape
    • Introduction
    • Market share analysis by key market players (North America, South America, Europe, APAC, Africa)
    • Market Strategy
    • Mergers and Acquisitions
    • New Product Launches
    • Asset Transactions
    • Financial Announcements
  2. Company Profile (key market players)
    • Company profile 1
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 2
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 3
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 4
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 5
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 6
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 7
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 8
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 9
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 10
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
  1. Other Companies

150+

Methodology

Research Methodology is the process used to collect information and data for the purpose of making business decisions. The success of a research project is entirely dependent on the research methodology adopted by the company. Research Methodology and Scope We have implemented a mix of primary and secondary research for our market estimate and forecast. Secondary research formed the initial phase of our study, where we conducted extensive data mining, referring to verified data sources such as independent studies, company annual reports, white papers, case studies, government and regulatory published articles, technical journals, magazines, and paid data sources. It was also used to obtain important information about the key players and market classification & segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives. A database of the key industry leaders was also prepared using secondary research.

In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for respective regions. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the respective regions. The primary data has been collected through questionnaires, e-mails, and telephonic interviews, end-user surveys, consumer surveys, technology distributors and wholesaler’s surveys.

  • Quantitative methods (e.g. surveys) are best for measuring, ranking, categorizing, identifying patterns and making generalizations
  • Qualitative methods (e.g. interviews) are best for describing, interpreting, contextualizing, and gaining in-depth insight into specific concepts or phenomena
  • Mixed methods allow for a combination of numerical measurement and in-depth exploration.

Market drivers and restraints, along with their current and expected impacts, technological scenario and expected developments, end-use industry trends and dynamics  and consumer behavior trends  these forecasting parameters were considered.

Ethical approach, attention to detail, consistency, latest trend in the market and highly authentic source these are benefits of company’s research methodology.

Global Industry Reports

Market size estimation methodology top-down and bottom-up approaches

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the virtual reality market. These methods have also been extensively used to estimate the sizes of various market subsegments. Estimating the size of the market in each region by adding the sizes of country-wise markets and tracking the ongoing and upcoming implementation of virtual reality projects by various companies in each region and forecasting the size of the virtual reality market based on these developments and other critical parameters, including COVID-19 related impacts

Data Triangulation

After arriving at the overall market size—using the market size estimation processes explained above—the market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. It provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, company profiles, key player strategies competitive developments and key developments) influencing the virtual reality market growth.

Statistical Model

Our market estimates and forecasts are derived through simulation models. A unique model is created customized for each study. Gathered information for market dynamics, technology landscape, application development and pricing trends is fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression and time series analysis.