The global market for material handling equipment is projected to have considerable CAGR of around 7.6% during the forecast period. The market growth mainly driven by the increasing demand for automated material handling equipment in various industries that include automotive, e-commerce, food & beverages, retail, pharmaceutical, and manufacturing industry. These sectors are adopting various automated and manual material handling equipment for optimizing space, improve accuracy, productivity and efficiency in the supply chain management.
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The material handling equipment is commonly used in warehouse applications to utilize large floor space and manage inventory flow. Moreover, growing demand of automated material handling system such as industrial robots and automated conveyors further provide significant growth opportunity to the material handling equipment market.

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Global Material Handling Equipment Market Segmentation
By Product Type
Automated Storage and Retrieval System (ASRS)
Bulk Material Handling Equipment
Storage and Handling Equipment
Industrial Trucks
By Industry
Automotive
Aerospace & Defense
Retail & E-commerce
Chemical
Food & Beverages
Healthcare
Others(Electronics)
Regional Analysis
North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Rest of the World
Company Profiles
BEMUR Group
Bastian Solutions, Inc.
Crown Equipment Corp.
Daifuku Co., Ltd.
Eisenmann SE
Hanel Storage Systems
Honeywell International, Inc.
Hyster-Yale Materials Handling, Inc.
IHI Corp.
JBT Corp.
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