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. 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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Segmental Outlook

The global material handling equipment market is segmented based on product type and industry. Based on the product type, the market is further classified into automated storage and retrieval system (ASRS), bulk material handling equipment, storage and handling equipment, and industrial trucks. On the basis of industry the market is further segregated into automotive, aerospace & defense, retail & e-commerce, chemical, food & beverages, healthcare, and others. Among industries , the retail & e-commerce segment is projected to grow significantly owing to the rising adoption for safe, efficient and fast handling of packaging in the e-commerce and retail industry.
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Global material handling equipment market to be driven by ASRS

Among product type, the ASRS segment held a considerable growth in the market owing to increasing demand automated solutions for material handling in order to improve the efficiency of in warehouse management in various industries such as retail & e-commerce, automotive and others. ASRS is integral to maintain the strength of the supply chain in the warehouse management. In today’s highly competitive global marketplace, there is a significant burden on organizations to search for new ways to create value and deliver it to their customers. In addition, there is an increased demand for industry to compete with competitors’ products in the global market across service, quality, and cost dimensions. It has given significant importance to the requirement for the development of more efficient automated handling system and warehousing strategies to ensure proper supply chain management. The ASRS in the industrial and warehousing sector is deployed to support and change the role of the human workforce in the physical workplace. ASRS technology increases the efficiency and simplicity of the warehousing various complex processes and machine to machine interactions spanning products and assets within factories and supply network across the globe


Regional Outlook

Geographically, the global material handling equipment market is further classified into North America, Europe, Asia-Pacific and the Rest of the World. North America have significant share in the global material handling equipment market. Technologies such as ASRS has been significantly adopted in various industries since it is a type of warehouse technology in which goods are automatically retrieved and returned to storage. The advancement of technological infrastructure in major economies of North America such as the US and Canada coupled with significant adoption of automation in warehouses are further making a considerable contribution towards the market in the region.


Asia-Pacific to hold a considerable growth in the global material handling equipment market

Geographically, Asia-Pacific is projected to hold a significant market growth in the global material handling equipment market during the forecast period. Major economies which are anticipated to contribute to Asia-Pacific material handling equipment market include China, India Japan and others. The major factors contributing to the growth of the market in the region include the rising demand of automated material handling technology such as ASRS coupled with the growing industrialization and growth on retail & e-commerce industry in the region. The growth in the retail industry of the China has further generated the demand of automated material handling equipment to manage warehouse more efficiently. For instance In November 2017, the Chinese e-commerce sector had figured out the different models of automation for the warehouses that further provide significant op[opportunity to the market growth.


Market Players Outlook

The key players in the material handling equipment market contributing significantly by providing different types of products and increasing their geographical presence across the globe. The key players of the market include Daifuku Co., Ltd., Honeywell International, Inc., Kion Group AG, Jungheinrich AG, KUKA AG, Toyota Industries Corp., and others. These market players adopt various strategies such as product launch, partnerships, collaborations, mergers, and acquisitions to sustain a strong position in the market.


The Report Covers

Market value data analysis of 2019 and forecast to 2026.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global material handling equipment market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.

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