Growth in the world material handling equipment market will average 5.3 percent annually through 2020, reaching $176 billion in that year. Gains will be fueled advances in mining and manufacturing output, and power generation activity. Additionally, governments around the world will build new power plants, seaports, and airports, and upgrade existing facilities, causing material handling equipment needs to rise. The development of more advanced material handling equipment technologies will contribute to market gains as well.
This report segments the world material handling equipment industry by product type. Data is provided in millions of US dollars.
Among the major material handling machinery products covered in this study are:
Industrial Trucks & Tractors
Hoists, Cranes, & Monorails
Automated Storage/Retrieval Systems
Automated Guided Vehicles & Other Equipment
Industrial trucks and tractors, and conveying equipment are the most widely used types of material handling equipment globally, accounting for more than two-thirds of 2015 product sales. The automated guided vehicle and small automated storage and retrieval system segments are projected to register the fastest growth through 2020, as industrial enterprises around the world increase their use of more sophisticated manufacturing techniques. The expansion of the global logistics and transportation industries will stimulate demand for industrial trucks and tractors, and conveying equipment as well.
This study presents data on a number of major material handling equipment markets, including:
Durable goods, which were responsible for 44 percent of all product sales in 2015, are the world’s largest market for material handling machinery. Through 2020, the other industries segment is expected to register the fastest growth, as global mining output increases. In industrializing nations, governments will expand their public infrastructures by building new ports, airports, train stations, power plants, and other similar structures, which will generate demand for material handling equipment. Similarly, industrialized nations will continue to upgrade their public infrastructures in order to maintain the international competitiveness of their economies. Both the logistics and transportation industries of both developed and developing nations and related product demand will continue to grow at a healthy pace between 2015 and 2020 because of increases in economic activity and international trade.
In this study, historical demand and forecasts are presented for 19 countries in the following regions:
Central & South America
The world material handling equipment industry consists of thousands of manufacturers, ranging from small, privately held firms to major multinationals. A large number of important acquisitions and divestitures have occurred in recent years. The world’s leading manufacturers of material handling equipment are Anhui Heli, Cargotec, CLARK Material Handling, Crown Equipment, Daifuku, Dematic, Hyster-Yale Materials Handling, Jungheinrich, Komatsu, Konecranes, Mitsubishi Heavy Industries, Shanghai Zhenhua Heavy Industries, and Toyota Industries.