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Material Handling Equipment Market to Register Decent CAGR of 5.5% by 2028; Godrej Material Handling Introduced Uno Electric Forklift Truck

January 12, 2022 | Machinery & Equipment

The global material handling equipment market size was USD 197.48 billion in 2020. The market size is set to grow from USD 206.50 billion in 2021 to USD 300.21 billion in 2028 at a CAGR of 5.5% during the 2021-2028 period.


This information is provided by Fortune Business Insights™, in its report, titled, “Material Handling Equipment Market Size, Share & COVID-19 Impact Analysis, By Equipment Type (Cranes & Lifting Equipment, Industrial Trucks, Continuous Handling Equipment, Racking & Storage Equipment), By Operations (Assembly, Distribution, Transportation, Others), By Industry (Consumer Goods & Electronics, Automotive, Food & Beverages, Pharmaceutical, Construction, Mining, Semiconductors, Others), and Regional Forecast, 2021-2028.”


Primary Supply Chain Disruptions in Manufacturing Sector to Affect Market Growth


The widespread influence of COVID-19 is still resulting in unspecified development predictions, speedily emerging financial significances, and prominent unemployment rates across the world. The restrictions on the movement of the people and goods have interjected the complete supply chain systems.


Furthermore, the weakened foreign direct reserves have unfavorably affected the industrial, automotive, 3PL logistics, food & beverages and others sectors globally.


Manitowoc Presents Superior Grove GHC110 Telescoping Crawler Crane


Manitowoc added the Grove GHC110 to its expanding telescoping crawler crane portfolio. The GHC110 along with the recently introduced GHC140 will augment the range of product available in the market.  


The crane is intended for a variety of errands, comprising alternative energy implementations, road and bridge construction projects, and usefulness and surge work. The GHC110’s adaptability is improved with the optional workforces basket supplement with radio remote control.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/industry-reports/material-handling-equipment-market-101501


Presentation of Automation in Material Handling Machinery to Thrust Market


In the present situation, automation conducts a crucial part in altering the business procedures to satisfy the demand of the consumer, while lowering the logistics and production charges. This has resulted in the acceptance of multipurpose automated system proficient of working in manifold situations. The aforementioned factors will augment material handling equipment market growth significantly.


Competitive Landscape


Acquisition Strategies by Crucial Players to Foster Market Growth


The vital leaders in the market are incessantly opting for effective tactics to apply to extend their business. One such approach is to sign collaboration deals, mergers, or even obtain other company to surge the financial yield.


Industry Development



  • April 2021: Godrej Material Handling, which is a business division of Godrej Group, unveiled ‘Uno Electric Forklift Truck’ with contemporary ergonomics, enhanced perceptibility, amplified security and long-runtime on each charging.


List of Key Players Covered in this Market Report



  • Liebherr Group (Bulle, Switzerland)

  • The Manitowoc Company, Inc. (Wisconsin, U.S.)

  • BEUMER GROUP (Beckum, Germany)

  • Columbus McKinnon Corporation (New York, U.S.)

  • KION GROUP AG (Frankfurt, Germany)

  • TOYOTA INDUSTRIES CORPORATION. (Aichi, Japan)

  • Eisenmann SE (Böblingen, Germany)

  • Crown Equipment Corporation (Ohio, U.S.)

  • Daifuku Co., Ltd. (Osaka, Japan)

  • Hyster-Yale Materials Handling, Inc. (Ohio, U.S.)

  • SSI Schaefer (Neunkirchen, Germany)

  • Hytrol Conveyor Company, Inc. (Jonesboro, U.S.)

  • Bastian Solutions, LLC (Indianapolis, U.S.)

  • Clark (Lexington, U.S.)

  • Columbus McKinnon Corporation (Getzville, U.S.)

  • Dematic (Atlanta, U.S.)

  • JBT (Chicago, U.S.)

  • Vanderlande Industries B.V. (Veghel, The Netherlands)

  • Viastore (Stuttgart, Germany)

  • Godrej Group (Mumbai, India)


Further Findings


Asia Pacific is anticipated to dominate the global market in the forecast period by capturing the highest CAGR.


The industrial trucks considered in the study includes, forklift trucks, telescopic handler forklifts and others. The segment is anticipated to showcase a significant growth in the forthcoming years.


Table of Segmentation






















































  ATTRIBUTE



  DETAILS



Study Period



  2017-2028



Base Year



  2020



Estimated Year



  2021



Forecast Period



  2021-2028



Historical Period



  2017-2019



Unit



  Value (USD billion)



Segmentation



  By Equipment Type, Operations, Industry and Region



By Equipment Type




  • Cranes & Lifting Equipment

  • Industrial Trucks

  • Continuous Handling Equipment

  • Racking & Storage Equipment



By Operations




  • Assembly

  • Distribution

  • Transportation

  • Others



By Industry




  • Consumer Goods & Electronics

  • Automotive

  • Food & Beverages

  • Pharmaceutical

  • Construction

  • Mining

  • Semiconductors

  • Others (Aviation, Chemicals)



By Region




  • North America (By Equipment Type, Operations and Industry)

    • U.S. (By Equipment Type)

    • Canada (By Equipment Type)



  • Europe (By Equipment Type, Operations and Industry)

    • Germany (By Equipment Type)

    • Italy (By Equipment Type)

    • France (By Equipment Type)

    • Spain (By Equipment Type)

    • U.K. (By Equipment Type)

    • Rest of Europe (By Equipment Type)



  • Asia Pacific (By Equipment Type, Operations and Industry)

    • China (By Equipment Type)

    • Japan (By Equipment Type)

    • India (By Equipment Type)

    • Southeast Asia (By Equipment Type)

    • Rest of Asia Pacific (By Equipment Type)



  • Middle East & Africa (By Equipment Type, Operations and Industry)

    • GCC (By Equipment Type)

    • South Africa (By Equipment Type)

    • Rest of Middle East & Africa (By Equipment Type)



  • Latin America (By Equipment Type, Operations and Industry)

    • Brazil (By Equipment Type)

    • Mexico (By Equipment Type)

    • Rest of Latin America (By Equipment Type)




Material Handling Equipment Market
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