Europe Material Handling Equipment Market Forecast 2017-2025
KEY FINDINGS The Europe material handling equipment market is predicted to rise at a CAGR of 4.51%, increasing its net worth from $29.78 billion to $43.83 billion between the forecast years of 2017-2025.
MARKET INSIGHTS The market is primarily driven by the fact that material handling equipment is increasingly being integrated and automated into complete systems. This has led to the entire system of production, distribution, consumption, and disposal to be fully automated. The automated systems are gaining acceptance in automated dispatching systems, automated storage systems and baggage handling and transport systems in airports. Also, the market segments based on products and applications can potentially expand further due to the potential boom in the e-commerce sector and the flourishing manufacturing and infrastructural activity.
COMPETITIVE INSIGHTS Some of the established companies in the market include Beumer Group Gmbh, Kion Group, TGW Logistics Group Gmbh, Dematic, Vanderlande Industries, Crown Equipment Corporation, Ssi Schaefer, Toyota Industries, Jungheinrich, and Columbus Mckinnon Corporation.