New York City, 06 Feb 2020: The
global material
handling equipment market size is anticipated to reach USD
46.2 billion by 2026 growing at a CAGR of 6.6% from 2019 to 2026 according to a
new study published by Polaris Market Research. The report ‘Material Handling Equipment Market Size By Type (Storage &
Handling Equipment, Industrial Trucks, Bulk Material Handling Equipment,
Others); By Application (Assembly, Storage, Packaging, Transportation, Others);
By End-User (Automotive, Electronics, Chemical, Pharmaceutical, Aviation,
Others); and By Region]’ Segments and Forecast 2019 – 2026’ provides
insights on the current market scenario and the future prospects.
In 2018, the industrial trucks segment dominated the global
market, in terms of revenue. Europe is expected to be the leading contributor
to the global market in 2017. There has been an increase in adoption of
material handling equipment across the world owing to growing manufacturing
industry. The increasing need for efficient warehouse operations, and
increasing automation of manufacturing processes further supports the market
growth.
Get Sample Copy @ https://www.polarismarketresearch.com/industry-analysis/material-handling-equipment-market/request-for-sample
Other factors driving the growth of this market include growth in
the global automotive industry, reduced availability and high labour costs.
Also, increasing demand of material handling equipment in chemical,
pharmaceutical, electronics, and food and beverage industries has created the
need to develop new innovative products for diversified application areas in
these sectors. However, high initial investment might restrict the growth of
material handling equipment market. Growing demand from emerging economies, and
technological advancements are factors expected to provide numerous growth
opportunities in the market during the forecast period.
The global Material Handling Equipment industry is segmented on
the basis of type, application, end-user, and region. Based on the type, the
market is segmented into storage & handling equipment, industrial trucks,
bulk material handling equipment, and others. The application segment is
divided into assembly, storage, packaging, transportation, and others. The
end-users scope includes automotive, electronics, chemical, pharmaceutical,
aviation, and others.
Get Discount on this Research Report @ https://www.polarismarketresearch.com/industry-analysis/material-handling-equipment-market/request-for-discount-pricing
During 2018, Europe generated the highest revenue in the Material
Handling Equipment market. The increasing automation in the manufacturing
sector, and the established automotive industry drive the growth of this market
in Europe. Government encouragement and related strict regulations to implement
operator safety measures are driving the companies towards material handling
systems for operating hazardous materials. Moreover, increasing investments and
subsidies by governments are expected to boost the adoption of material
handling equipment in this region. The need to improve efficiency and
productivity along with increased industrialization and automation further
supplements market growth. Asia-Pacific is expected to grow at the highest CAGR
in during the market during the forecast period.
The Material Handling Equipment Market report also includes a
section for profiles of key companies in this market. Some of the key vendors
profiled in this report include Daifuku Co., Ltd., KUKA AG, Dematic GmbH &
Co., Crown Equipment Corporation, Clark Material Handling Company, Columbus
McKinnon Corp., Beumer Group GmbH, Kion Group, Intelligrated, Inc., SSI
Schaefer
About Polaris Market
Research
Polaris Market Research is a global market research
and consulting company. The company specializes in providing exceptional market
intelligence and in-depth business research services for our clientele spread
across different enterprises.
Contact Us:
Polaris Market Research
Phone: 1–646–568–9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com
No comments:
Post a Comment
Please do not enter any spam link in the comment box...