Material Handling Equipment Market Trends Report & Forecast, 2017 – 2024

These robots can efficiently transport objects from one location to other without human
involvement. Industrial trucks usage has also increased in the recent times. The recurring
transfer of goods from one place to other through a conveyor system is not at all a convincing
option, which in turn is propelling material handling equipment market demand from
industrial trucks sector. In a continuously developing dynamic manufacturing environment,
automated storage & retrieval System (AS/RS) will also witness large scale adoption. (AS/RS)
requires less human involvement, reduced floor space, and inventory levels, which puts them
on a higher edge than manual storage approaches.
E-commerce is expected to dominate the application landscape for material handling
equipment industry in the years ahead. The advent of e-commerce has provided the
customers with an infinite variety of choices, leading to a surging demand for faster deliveries
worldwide. Numerous vendors of e-commerce industry are installing ware house
management system for monitoring inventory levels, which is expected to have a direct
impact on material handling equipment market growth chart.
https://www.gminsights.com/industry-analysis/material-handling-equipment-market
Asia-Pacific region is anticipated to witness substantial growth in material handling
equipment industry in the coming timeframe. A major share of the region’s growth projection
can be credited to the increasing industrial developments and the growing adoption of E-
commerce across this belt that propels the implementation of material handling equipment.
In addition to this, low labor and reduced transportation costs across these regions is allowing
the manufacturers to incline toward automated systems, which in turn is influencing the
regional growth.
Material handling equipment market is highly competitive with more number of industry
participants investing in research activities to upgrade the product portfolio. Though high
maintenance cost is acting as a major challenge for the market players, yet global consumer
cravings for integrating advanced technologies in logistics operations is expected to catalyze
the market demand. Some of the key players in material handling equipment industry include
Kion Group AG, Daifuku Co. Ltd, Bastian Solutions LLC, Dematic GmbH, etc.
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