Material Handling Equipment Market Analysis 2024-2033 | Growth, Size, Demand, Analysis, Insights

Overview and Scope The material handling equipment refers to a mechanical equipment utilised for a variety of purposes throughout the transit or storage of products in industrial settings. It facilitates the transportation, storage, and control of commodities and materials during the manufacturing, distribution, usage, and disposal. These devices make it possible to move big quantities of products and heavy objects quickly and efficiently.  Sizing and Forecast The material handling equipment market size has grown strongly in recent years. It will grow from $193.08 billion in 2023 to $206.84 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%.  The  growth in the historic period can be attributed to e-commerce growth, manufacturing sector expansion, global supply chain optimization, warehouse automation, increased port and terminal activities.. The material handling equipment market size is expected to see strong growth in the next few years. It will grow to $270.53 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%.  The growth in the forecast period can be attributed to evolving e-commerce logistics, green and sustainable practices, global manufacturing shifts, rise in last-mile delivery demands, smart logistics integration.. Major trends in the forecast period include focus on ergonomic design for operator comfort and safety, customization and modular solutions in material handling systems, implementation of artificial intelligence for smart decision-making, expansion of autonomous material handling equipment, emphasis on safety technologies including collision avoidance..  To access more details regarding this report, visit the link: https://www.thebusinessresearchcompany.com/report/material-handling-equipment-global-market-report Segmentation & Regional Insights The material handling equipment market market covered in this report is segmented – 1) By Type: Manufacturer, Distributor 2) By Product: Cranes and Lifting Equipment, Industrial Trucks, Continuous Handling Equipment, Racking and Storage Equipment 3) By End Users: Automotive, Food And Beverages, Chemical, Semiconductor And Electronics, E-commerce, Aviation, Pharmaceutical, Other End Users Asia-Pacific was the largest region in the material handling equipment market share in 2023. The regions covered in the material handling equipment market market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa Intrigued to explore the contents? Secure your hands-on sample copy of the report: https://www.thebusinessresearchcompany.com/sample.aspx?id=8592&type=smp Major Driver Impacting Market Growth The rising e-commerce industries are expected to propel the material handling equipment market going forward. E-commerce is a business approach that allows people to buy and sell goods and services through the Internet. The e-commerce sector is rising due to changes in consumer preference, increased convenience, and personalized experience. The automatic material handling equipment provides convenience to businesses in packaging, bulk material handling, and managing the supply chain ecosystem in their industrial spaces. For instance, according to Forbes, an American business magazine, in the US, e-commerce sales reached $870 billion in 2021, up 50.5% from the previous year and 14.2% from 2020. Moreover, e-commerce accounted for 13.2% of retail sales in the US in 2021. Thus, such a rise in e-commerce will drive the growth of the material-handling equipment market.  Key Industry Players Major companies operating in the material handling equipment market market report are Beumer Group GmbH & Co. KG, Daifuku Co. Ltd., KION Group AG, Toyota Industries Corporation, Honeywell International Inc., SSI Schäfer Group GmbH, Jungheinrich AG, Crown Equipment Corporation, Hyster-Yale Materials Handling Inc., Mitsubishi Caterpillar Forklift America Inc., Mecalux S.A., Murata Manufacturing Co. Ltd., Liebherr Group, Swisslog Holding AG, Action Construction Equipment Ltd., TGW Logistics Group GmbH, Viastore Systems GmbH, WITRON Logistik + Informatik GmbH, BHS Corrugated Maschinen- und Anlagenbau GmbH, Cimcorp Automation Ltd., Columbus McKinnon Corporation, Eisenmann SE, Elettrric80 S.p.A., Hanel GmbH & Co. KG, Hapman LLC, Hytrol Conveyor Company Inc., ICM Airport Technics GmbH, Intelligented Co. Ltd., Jervis B. Webb Company, KITO Corporation, KNAPP AG The material handling equipment  market report table of contents includes: 1. Executive Summary 2. Material Handling Equipment Market Characteristics 3. Material Handling Equipment Market Trends And Strategies 4. Material Handling Equipment Market - Macro Economic Scenario 5. Global Material Handling Equipment Market Size and Growth … 32. Global Material Handling Equipment Market Competitive Dashboard 33. Key Mergers And Acquisitions In The Material Handling Equipment Market 34.Material Handlin