Material Handling Equipment Market to Hit USD 200 Billion by 2025: Global Market Insights, Inc.
North America material handling equipment market share is expected to witness substantial growth over 2019-2025 owing to stable economic conditions favoring the adoption of latest advanced technologies
SELBYVILLE, Del., October 28, 2019 (Newswire.com) - The material handling equipment market revenue is expected to cross USD 200 billion by 2025. Improving the industrial sector and enhancing productivity in developing economies will drive market growth over the forecast timespan.
Some major findings in the material handling equipment market report include:
Ø Rise in automated manufacturing activities coupled with the need for improving productivity in industrial facilities will augment the material handling equipment market demand. Companies are widely adopting advanced technologies, such as big data analytics and IoT in logistics, to manage operational requirements, which is changing the way several businesses handle their operations.
Ø In October 2018, XPO Logistics, Inc., a provider of transportation and logistics services, announced plans to deploy 5,000 robots in its warehouses and distribution centers in North America, the U.K., and several other countries in Europe.
Ø Key players operating in the industry are Daifuku Co., Ltd., Columbus McKinnon, Kion Group AG, Dematic GmbH & Co., Hyster-Yale Materials Handling, Inc., JBT Corporation, Intelligrated, Inc., Flexlink, and KUKA AG. Players are focusing on introducing differentiated and advanced products to remain competitive in the market.
Ø The growing competitive nature of businesses has led to the increased adoption of advanced technologies, aiding business processes pertaining to food & beverage, 3PL, food retail, general merchandise, and other similar industries.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/1384
The growing demand for automation from SMEs will propel the material handling equipment market growth. SMEs operating in the food & beverages, 3PL, food retail, and general merchandise industries are experiencing intense competition and need to sustain growth in the marketplace. The presence of government initiatives, such as financial support, in the form of reduced duties and tax benefits allowed SMEs to gain a foothold in the market. Automated machines and systems provide efficient work operations and monetary benefits to SMEs by saving huge amounts of labor employment costs. These companies are highly deploying material handling machines and automatic systems over human labor owing to cost savings and high efficiency compared to the traditional processes.
Demand for bulk material handling equipment is witnessing high demand in the material handling equipment market owing to the growing need to transport and control large volumes of material. The equipment handles and supports infrastructure and provides a vital bridge that ensures rapid and efficient delivery. The demand for AS/RS material handling equipment is increasing in manufacturing plants, warehouses, and distribution centers for order picking. These systems retrieve finished goods from manufacturing plants for transportation to warehouses and distribution centers. AS/RS retrieves the required goods for order fulfillment, encouraging industries to adopt the equipment over the manual order picking process to reduce labor costs and ensure efficient order fulfillment.
Browse key industry insights spread across 395 pages with 417 market data tables and 39 figures and charts from the report, “Material Handling Equipment Market Size By Product (Storage & Handling Equipment [Racks, Stacking Frames, Shelves, Bins & Drawers, Mezzanines], Industrial Trucks [Automated Guided Vehicles (AGVs), Hand, Platform & Pallet Trucks, Order Pickers, Pallet Jacks, Side-Loaders, Walkie Stackers], Bulk Material Handling Equipment [Conveyor belts, Stackers, Reclaimers, Elevators], Robotics, Automated Storage & Retrieval System (AS/RS) [Unit-Load AS/RS, Mini-Load AS/RS]), By Application (3PL, E-Commerce, Durable Manufacturing, Food & Beverage, General Merchandise, Food Retail), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 – 2025,” in detail along with the table of contents:
The material handling equipment market is expected to witness high demand from the general merchandise application segment. These solutions help to fulfill the definite application demands of the warehousing and distribution industry, such as order assembly by store planogram, multichannel in one facility, seasonal/promotional peaks, e-commerce order fulfillment, returns processing, inventory velocity, and configurations for retail store replenishment, resulting in increasing their demands. Moreover, companies are providing the equipment to specific industries including large global corporations and small specialty product companies, supporting various distribution requirements.
The Latin America material handling equipment market is expected to witness high growth in the coming years owing to the rise in industrialization and the growing manufacturing sector in the region. Manufacturing industries are increasingly adopting advanced material handling solutions for enhancing and ensuring productivity, resulting in the overall economic development of the region. The industrial sector in the region is witnessing fast growth with an increasing number of companies implementing robots and automated solutions for material handling. The expanding construction sector of the region will lead to an increased demand for performance material handling solutions.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1384
Partial chapter from report table of contents (TOC):
Chapter 3 Material Handling Equipment Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2014 - 2025
3.3 Industry ecosystem analysis
3.3.1 Distribution channel analysis
3.3.2 Vendor matrix
3.4 Technological & innovation landscape
3.4.1 Robotics industry outlook
3.4.2 Data analytics
3.4.3 Energy efficiency measures
3.5 Regulatory landscape
3.5.1 North America
126.96.36.199 ASME B20.1-2015
188.8.131.52 ANSI/ITSDF B56.1-2005
184.108.40.206 Federal Regulation of Occupational Health and Safety
220.127.116.11 BS EN 1554:2012
18.104.22.168 European emission regulations
22.214.171.124 Air Quality Certificate
3.5.3 Asia Pacific
126.96.36.199 IS 12663 (Part 2): 2000
188.8.131.52 The General Administration of Customs (GAC or China Customs)
184.108.40.206 The International Council on Clean Transportation
3.5.4 Latin America
220.127.116.11 Mexico’s Industrial Health and Safety Regulations
18.104.22.168 Occupational Health & Safety Act, 1993
22.214.171.124 The South African Bureau of Standards (SABS)
126.96.36.199 Driven machinery regulations, 2011
188.8.131.52 PSI (Pre-shipment inspection)
184.108.40.206 Factories and Works Act
3.6 Industry impact forces
3.6.1 Growth drivers
220.127.116.11 Attractive e-commerce industry in the U.S.
18.104.22.168 Rising labor costs and inconveniences of employing a manual workforce in North America and Europe
22.214.171.124 Technological advancements in Europe
126.96.36.199 Advent of industry 4.0 in Europe
188.8.131.52 Growing automation demand from Asia Pacific
184.108.40.206 Growing demand for automation in Europe and Asia Pacific from SMEs
220.127.116.11 Growing demand for personalized Automated Guided Vehicles (AGVs) in China
18.104.22.168 Improving industrial sector and enhancing productivity in Latin American economies
22.214.171.124 Growth in the aviation industry in MEA
3.6.2 Industry pitfalls and challenges
126.96.36.199 High initial costs
188.8.131.52 Lack of awareness
184.108.40.206 Real-time technical challenges
3.7 Growth potential analysis
3.8 Customer analysis
220.127.116.11 Major pain points
18.104.22.168 Overview of key players
22.214.171.124 Major pain points
126.96.36.199 Overview of key players
3.8.3 Durable manufacturing
188.8.131.52 Major pain points
184.108.40.206 Overview of key players
3.8.4 General merchandise
220.127.116.11 Major pain points
18.104.22.168 Overview of key players
3.8.5 Food retail
22.214.171.124 Major pain points
126.96.36.199 Overview of key players
3.8.6 Food & beverage
188.8.131.52 Major pain points
184.108.40.206 Overview of key players
3.9 Porter’s analysis
3.10 Competitive landscape, 2018
3.10.1 Company market share analysis
3.10.2 Strategy dashboard
3.11 PESTEL analysis
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider offering syndicated and custom research reports, along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
Source: Global Market Insights Inc.
Categories: Transportation and Logistics