Material Handling Equipment Market by Type, Application, and Geography - Forecast and Analysis 2023-2027

  • Published: Apr 2023
  • Pages: 184
  • SKU: IRTNTR72740

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Material Handling Equipment market growth will increase by $14096.55 million during 2023-2027.
The material handling equipment market is expected to grow at a CAGR of 6.49% during 2023-2027.
Technavio has segmented the material handling equipment market by type (Cranes and lifting equipment, Industrial trucks, Continuous handling equipment, and Racking storage equipment) ,application (Construction, E-commerce, Foods and beverages, Automotive, and Others) , and geography (Europe, APAC, North America, Middle East and Africa, and South America).
Beumer Group GmbH and Co. KG, Columbus McKinnon Corp., Crown Equipment Corp., Daifuku Co. Ltd., FlexLink Holding AB, Fritz SCHAFER GmbH and Co KG, Godrej and Boyce Manufacturing Co. Ltd., Honeywell International Inc., Hytrol Conveyor Co., Interroll Holding AG, Jungheinrich AG, KION GROUP AG, KUKA AG, Liebherr International Deutschland GmbH, Mecalux SA, Mitsubishi Chemical Group Corp., Murata Manufacturing Co. Ltd., Toyota Industries Corp., viastore SYSTEMS GmbH, NACCO Industries Inc. are a few of the key vendors in the material handling equipment market.
APAC will register the highest growth rate of 37.98% among the other regions. Therefore, the material handling equipment market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the material handling equipment market growth are:
  • Increased construction activities across geographies
  • Technological advances
The material handling equipment market vendors should focus on grabbing business opportunities from the Cranes and lifting equipment segment as it accounted for the largest market share in the base year.
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