According to a new market research report published by Global Insight Services “ Material Handling Equipment Market is expected to reach US$ bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
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Material Handling Equipment (MHE) is a type of machinery used to move, store, or control materials within a warehouse, distribution center, or manufacturing facility. The purpose of MHE is to improve productivity, safety, and accuracy while reducing costs.
Top Key Players in Material Handling Equipment market: BEUMER Group, Daifuku Co., Ltd., Honeywell International Inc., Kion Group AG, Mecalux, S.A, Murata Machinery Ltd.
Key Trends
There are several key trends in material handling equipment technology that are worth mentioning. Perhaps the most significant trend is the increasing use of robotics in material handling. This is being driven by the need for faster, more efficient, and more accurate material handling, as well as the desire to reduce labor costs.Another key trend is the increasing use of sensors and other forms of automation to improve the efficiency of material handling equipment. This includes the use of sensors to track the movement of materials and automatically adjust the speed and direction of material handling equipment accordingly.
Key Drivers
There are a few key drivers of the Material Handling Equipment market. Firstly, the ever-growing e-commerce industry is driving the need for efficient and speedy material handling equipment, in order to meet the high demand for online orders.
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Market Segments
The material handling equipment market is segmented by product, end-use and region. By product, the market is divided by storage & handling equipment, automated storage & retrieval system and industrial trucks. By end-use, the market is classified into automotive, food & beverage and others. By region, the market is segmented into North America, Europe, Asia-Pacific and rest of the world.
Reasons to buy Material Handling Equipment Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
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