The Global Material Handling Market Report by The Business Research Company covers material handling market drivers and restraints, material handling market size, major players, and the impact of COVID-19 on the material handling market.
The material handling market consists of sales of material handling machinery by entities (organizations, sole traders, or partnerships) that are engaged in manufacturing material handling machinery and equipment such as jib crane, pallet jack, vertical carousel, and others. Only goods and services traded between entities or sold to end consumers are included.
The growth of the material handling market witnessed growth owing to a rise in the e-commerce industry.
The global material handling market is expected to grow from $83.85 billion in 2020 to $92.48 billion in 2021 at a compound annual growth rate (CAGR) of 10.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $127.26 billion in 2025 at a CAGR of 8.3%.
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Some material handling market trends include Lithium-ion technology. Li-ion batteries are environmentally friendly and offer higher energy densities than lead-acid or nickel-metal hydride batteries. It can store more electricity and is mostly preferred for electric vehicles that are used in material handling. Additionally, Lithium-ion batteries are lightweight, charges quickly, and doesn’t require cool-down intervals.
Global material handling market segments include:
1) By Type: Automated Guided Vehicles, Automated Storage And Retrieval Systems, Trucks And Lifts, Cranes, Pallet Racking, Conveying Systems, Hoists, Others.
2) By Operations: Assembly, Distribution, Transportation, Others.
3) By End User: Food & Beverages, Automotive, Construction, Consumer Goods & Electronic, Pharmaceuticals, E-Commerce, Others.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Material Handling Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides material handling market overviews, analyzes and forecasts market size, share, material handling market players, material handling market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The material handling market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Material Handling Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Toyota Industries Corporation, Daifuku Co. Ltd., Beumer Group, Liebherr Group, Dematic Group, Jungheinrich AG, Columbus McKinnon Corporation, Eisenmann AG, Crown Equipment Corporation, Schaefer Systems International Pvt Ltd, Hyster-Yale-Materials Handling, Viastore Systems, Hytrol Conveyor Co, Carolina Material Handling Services, EMH.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Material Handling Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Material Handling Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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