San
Francisco, 11 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 Global Material Handling Equipment Market By Grand View
Research:
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.
Browse
More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/automotive-and-transportation
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
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Asia
Pacific
- China
- India
- Japan
- Latin
America
- Brazil
- Mexico
- Middle
East & Africa
Access Press
Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-material-handling-equipment-systems-market
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
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