San
Francisco, 10 October 2018, The global Material Handling Equipment Market is expected to reach USD 41.1 billion
by 2025, according to a new report conducted by Grand View Research, Inc. The
rise in manufacturing activities in the automotive, pharmaceutical, chemical,
and food & beverage industries is projected to spur demand. The growing
concerns for workplace safety are expected to remain a key driver.
The global material handling equipment
market is anticipated to witness a high growth over the forecast period. This
is accredited to the use of technologically advanced products, such as
hydraulic components which are incorporated into this equipment. Furthermore,
the integration of telematics solutions & tracking sensors into these
products is expected to gain traction in the near future, thereby fueling the
equipment sales. The rising espousal of automated storage and retrieval systems
is expected to further catapult the equipment market growth over the next nine
years.
Full Research Report On Material Handling Equipment
Market Analysis:
Further key findings from the report suggest:
·
Automated storage & retrieval systems segment
captured over 25% of the total revenue in 2015 and is projected to exhibit a
significant growth at a CAGR of over 6.9% from 2016 to 2025. This growth is
attributed to the surging espousal of automated equipment in warehouses and
manufacturing centers
·
On account of the wide scope of
applications, these products aid in moving, protecting, and storing goods in
warehouses. The e-commerce segment is expected to gain prominence over the
forecast period with an estimated CAGR exceeding 10.0%.
·
Asia Pacific emerged as the fastest growing
market and is expected to witness a healthy CAGR of over 7%, which is primarily
due to the rising manufacturing activities in the developing countries of this
region
·
The key purveyors in this industry comprise
Daifuku,SSI Schaefer,BEUMER Group, Kion Group (Dematic), and Swisslog AG.
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More Reports Of This Category By Grand View Research At: www.grandviewresearch.com/industry/automotive-and-transportation
Grand View Research has segmented the global material handling equipment
market on the basis of product, end-use, and region:
Material Handling Equipment Product Outlook
(Revenue, USD Billion; 2014 - 2025)
·
Storage & handling equipment
·
Automated storage & retrieval system
·
Industrial trucks
·
Bulk material handling equipment
·
Others
Material Handling Equipment End-Use Outlook
(Revenue, USD Billion; 2014 - 2025)
·
Automotive
·
Food & beverages
·
Chemical
·
Semiconductor & electronics
·
E-commerce
·
Aviation
·
Pharmaceutical
·
Others
Material Handling Equipment Regional
Outlook (Revenue, USD Billion; 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
UK
o
Germany
o
France
·
Asia Pacific
o
China
o
India
o
Japan
·
Latin America
o
Brazil
o
Mexico
·
Middle East & Africa
Access Full Press Release of this Report: www.grandviewresearch.com/press-release/global-material-handling-equipment-systems-market
About Grand View Research
Grand View Research, Inc.
is a U.S. based market research and consulting company, registered in the State
of California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com/
