Global Material Handling Equipment Market Information Report by Operation (Assembly, Transportation, Packaging, Distribution, Others), By System Type (Unit Load Material Handling System, Bulk Load Material Handling System), By Application (E-Commerce, Automotive, Food & Beverages, Metal & Heavy Machinery, Others) and By Region – Global Forecast To 2023
Material handling equipment is equipment used for the movement, storage and protection of goods in all industries for manufacturing and distribution.
The major driver for the growth of the Material Handling Equipment Market is the increasing automation across manufacturing industries. The constantly increasing pressure for optimization of resources and raw materials consumption, is driving the use of Material Handling Equipment Market. The other factors driving the growth of the Material Handling Equipment Market are constant innovation in technology, up gradation of the manufacturing plants and the expansion of the manufacturing base in developing nations.
The Material Handling Equipment Market is expected to grow at CAGR of ~7.5% during the period 2017 to 2023.
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In July 2017, the company acquired Terex Equipment Private Limited in India, which is a diversified global manufacturer of a broad range of equipment that is focused on delivering reliable, customer-driven solutions for many applications such as the construction, infrastructure and mining.
In August 2017, Briggs Equipment, Cannock-based asset management company has announced the acquisition of Irish Lift Trucks (ILT) part of the OHM Group in the Republic of Ireland. This acquisition allows ILT to grow and expand its offering more quickly than on a standalone basis, providing customers with a broader solution underpinned by Briggs Equipment’s market-leading service levels.
In April 2016, Haulotte Group launch new line of heavy load capacity range telehandlers HTL 5210. This latest addition to the Haulotte range offers the lift capacity of 5.2 tones up to a height of 10 m, representing a maximum forward reach at 3.5 tonnes to 5.8 m with the stabilizer.
In May 2016, Skyjack has recently partnered with a new dealer, Multicrane Perkasa which is a heavy equipment dealer that specializes in providing high quality brands from reputable manufacturers, to provide Skyjack lifts to Indonesia.
Global Material Handling Equipment Market – Segmentation
Global Material Handling Equipment Market is segmented in to three key dynamics for an easy grasp and enhanced understanding.
Based on operation, the market has been segmented into Assembly, Transportation, Packaging, Distribution, and Others.
On the basis of System Type, the market has been segmented into Unit Load Material Handling System, Bulk Load Material Handling System. Unit load dominates the system type of global material handling equipment market. Unit load material handling systems are widely used in automotive, semiconductor and electronics, and aviation among others.
Based on application, the market has been segmented into E-Commerce, Automotive, Food & Beverages, Metal & Heavy Machinery, and Others. E-commerce sector dominates the application segment of the global Material Handling Equipment market and is expected to be the fastest growing application segment.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, Asia Pacific and Rest of the World.
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The Asia-Pacific region is expected to grow significantly in the global power quality equipment market. The growth of the Asia-Pacific region in the Material Handling Equipment Market can be attributed to the booming industrial sector in the region and the safety concerns at workplaces, especially in industries such as automotive, food & beverage and metal & heavy industries. Material handling equipment also facilitate the distribution and production of materials majorly in the e-commerce industry, thereby leading to the growth of the material handling equipment market in the region.
The key players of Material Handling Equipment Market are Liebherr Group (Switzerland), KION Group AG (Germany), Jungheinrich AG (Germany), Viastore Systems GmbH (Germany), Eisenmann AG (Germany), Columbus McKinnon Corporation (U.S.), Crown Equipment Corporation (U.S.), Hytrol Conveyor Co., Inc. (U.S.), Xuzhou Heavy Machinery Co., Ltd. (China) and Toyota Industries Corporation (Japan).
Scope of Report
The report for Material Handling Equipment Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Get More information : https://www.marketwatch.com/press-release/material-handling-equipment-market-growth-analysis-share-demand-by-regions-types-and-analysis-of-key-players–global-forecasts-to-2023-2018-08-30