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Global Material Handling Equipment

Publisher Freedonia Group
Published Aug 31, 2022
Length 377 Pages
SKU # FG17357752

Description

Global Material Handling Equipment

This Freedonia Industry study analyzes the $151 billion global material handling equipment market. It presents product supply and demand for 2011, 2016, and 2021, as well as forecast for 2026 and 2031. The study also presents demand by product (industrial trucks and tractors, conveying equipment, cranes, hoists, and monorails, automated storage and retrieval systems, and automated guided vehicles and related products) and market (manufacturing, mining, construction, trade and distribution, and other markets) for 18 countries. Finally, it evaluates market share and offers a competitive analysis of the leading industry participants, such as Cargotec, Crown Equipment, Diafuku, Kion Group, Mitsubishi Heavy Industries, Schaefer, and Toyota Industries.

Global material handling equipment demand is forecast to grow 5.1% annually through 2026 to $194.5 billion, supported by:
  • expanding global agricultural, energy, forestry, manufacturing, mining, and logistics and transportation sectors
  • surging e-commerce and the related construction of new facilities
  • increasing use of state-of-the-art material handling equipment technologies in mature markets because of growing concerns about workforce issues
  • shifts toward more capable and reliable models, as well as reduced use of manual material handling techniques in developing nations
  • the adoption of new product standards, industry regulations, and environmental rules that encourage investment in new machines
  • a rebound in global tourism activity, which will encourage product sales at airports, ports, entertainment facilities, and retail locations
Labor Shortages & New Worker Protections Support Gains in the Large Manufacturing Market

Manufacturing, particularly of durable goods, has long dominated the market for material handling equipment. Durable goods are widely used and labor-intensive to manufacture without machinery, making them among the first applications in which significant machinery investment is worthwhile in developing areas.

Despite this large established base, manufacturing markets continue to offer strong opportunities for new sales. Industrial enterprises around the world will increasingly replace older material handling equipment with newly developed technologies because of intensifying competition, adoption of new government regulations, and growing concerns about a variety of workforce issues.

Workforce issues are of particular importance in driving sales of new material handling equipment. Labor shortages, rising labor costs, and skilled technician shortages will push manufacturers in many countries to invest in automated models. The adoption of new worker protections will similarly encourage the shift to newly developed models with greater capabilities and additional safety features.

Trade & Distribution Market to Record Fastest Growth

The diverse trade and distribution segment of the global material handling equipment market is forecast to grow at the fastest rate of any market, aided by surging e-commerce activity and a rebound in international trade. Among trends boosting demand are:
  • purchase of material handling equipment for use in new warehouses, fulfillment centers, and customs facilities
  • construction of new retail and wholesale establishments as tourism continues to recover around the world
  • use of high-value, advanced material handling technologies – such as automated storage and retrieval systems and automated guided vehicles – in trade and distribution applications

Table of Contents

377 Pages
    • Figure 1-1. Global Material Handling Equipment Market
    • COVID-19 General Trends
    • Impact on the Economy
    • Impact on the Construction Industry
    • Impact on the Global Material Handling Equipment Industry
    • Study Scope
    • Historical Trends
    • Regional Outlook
    • Pricing Patterns
    • Legal & Regulatory Factors
    • Technology, Innovation, &Automation
    • Demand by Product
    • Industrial Trucks & Tractors
    • Conveying Equipment
    • Hoists
    • Cranes & Monorails
    • Automated Storage & Retrieval Systems
    • Automated Guided Vehicles (AGVs) &Related Equipment & Software
    • Demand by Market
    • Manufacturing
    • Mining
    • Construction
    • Trade & Distribution
    • Other Markets
    • North America: Material Handling Equipment Market Size & Historical Trends
    • North America: Supply & Demand
    • North America: Demand by Product
    • North America: Demand by Market
    • North America: Key Suppliers
    • United States
    • Canada
    • Mexico
    • Central & South America: Material Handling Equipment Market Size & Historical Trends
    • Central & South America: Supply & Demand
    • Central & South America: Demand by Product
    • Central & South America: Demand by Market
    • Central & South America: Key Suppliers
    • Brazil
    • Other Central & South America
    • Western Europe: Material Handling Equipment Market Size & Historical Trends
    • Western Europe: Supply & Demand
    • Western Europe: Demand by Product
    • Western Europe: Demand by Market
    • Western Europe: Key Suppliers
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Netherlands
    • Other Western Europe
    • Eastern Europe: Material Handling Equipment Market Size & Historical Trends
    • Eastern Europe: Supply & Demand
    • Eastern Europe: Demand by Product
    • Eastern Europe: Demand by Market
    • Eastern Europe: Key Suppliers
    • Russia
    • Other Eastern Europe
    • Asia/Pacific: Material Handling Equipment Market Size & Historical Trends
    • Asia/Pacific: Supply & Demand
    • Asia/Pacific: Demand by Product
    • Asia/Pacific: Demand by Market
    • Asia/Pacific: Key Suppliers
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Indonesia
    • Other Asia/Pacific
    • Africa/Mideast: Material Handling Equipment Market Size & Historical Trends
    • Africa/Mideast: Supply & Demand
    • Africa/Mideast: Demand by Product
    • Africa/Mideast: Demand by Market
    • Africa/Mideast: Key Suppliers
    • Turkey
    • Other Africa/Mideast
    • Key Findings & Industry Composition
    • Market Share
    • Mergers & Acquisitions
    • List of Industry Participants
    • Report Details
    • Definitions
    • Abbreviations
    • Freedonia Methodology
    • Study-Specific Methodology
    • Sources
    • Associations & Agencies
    • Related Studies & Reports
    • Country Lists by Region
    • Macroeconomic Assumptions
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