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Material handling equipment’s are used in the movement, protection, storage and control of materials and products. It helps in processes like manufacturing, warehousing, distribution, consumption and disposal. Material handling equipment does not add value to the product directly but it improves the quality of the product. Materials are very important part of any industrial process. Material handling equipment helps to deliver the products safely and on time. Material handling equipment’s minimizes the operating cost by including the cost of reliability, performance and flexibility into the total cost.
The rise in industrial and infrastructure activity drives the material handling equipment market globally. Material handling equipment reduces the time and increases the space utility which adds real value to the product. The hazards of material handling pose a potential risk to the health and safety of workers. The inclination of industries toward safe working practices is one of the major factors responsible for the growth of the material handling equipment market.
The study analyses the global material handling equipment based on type, application, verticals and geography.
Types of material handling equipment’s are bulk material handling, engineered systems, industrial trucks and storage & handling equipment. Bulk material handling includes equipment like conveyor belts and stackers. It is mainly used for the storage, control and transportation of materials by bulk. An engineered system helps in efficient storage and transportation of large materials around the production floor. The right storage and handling equipment increases the efficiency on the production floor.
Major applications of material handling equipment covered in the study are resource allocation, packaging, flow and process management, inventory management& control, distribution, transportation, and waste handling. Instead of lifting products one by one and manually transferring them, industries are preferring the material handling equipment to move them all in one. Damage occurs during the transportation of the heavy product, it can be reduced by using material handling equipment.
Verticals of material handling equipment are automobile, aviation, semiconductor & electronics,
E-commerce, food & beverages, and healthcare. The automobile industry has been one of the oldest vertical for material handling equipment. Traditional assembly lines in the automobile industry are replaced by engineered material handling equipment. These systems eliminate the need for manual lifting services, reducing the chances of accidents, and increases productivity.
Geographically, the study is comprised of the key regions of North America, Europe, Asia-Pacific and the Rest of the World. The Asia Pacific held the largest market share of the material handling equipment market and is likely to dominate the market over the estimated time frame. The advancement in technology drives the growth of the material handling equipment market.
The key competitors of this market include Manitowoc, Toyota Industries Corporation, Beumer Group, KION GROUP AG, Toyota Industries Corporation, Eisenmann SE, Crown Equipment, Daifuku Ltd Corporation, Murata Machinery Ltd, Intelligrated Systems Inc.
The study analyses the global material handling equipment based on type, application, verticals and geography. Types of material handling equipment are bulk material handling, engineered systems, industrial trucks and storage & handling equipment. Major applications of material handling equipment covered in the study are resource allocation, packaging, flow and process management, inventory management& control, distribution, transportation, and waste handling. Instead of lifting products one by one and manually transferring them, industries are preferring the material handling equipment to move them all in one. Verticals of material handling equipment are automobile, aviation, semiconductor & electronics, e-commerce, food & beverages, and healthcare. The automobile industry has been one of the oldest vertical for material handling equipment. Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and the Rest of the World.
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