Global Material Handling Equipment Market 2024-2030

    In Stock

    MATERIAL HANDLING EQUIPMENT MARKET

     

    INTRODUCTION

     Material Handling Equipment is a machine used in the manufacturing process by companies for carrying out various functions such as moving, collecting, storing and disposing of the goods.

     

    This equipment helps to make the process more efficient and effective. These machines have been in use since over 100 years and technology used in these has seen tremendous improvement since its invention. It is a cost effective and error free method which also makes it very attractive for the manufacturing companies.

     

    infographic: materials-handling equipment market share, Material Handling Equipment Market, Material Handling Equipment Market size, Material Handling Equipment Market trends, Material Handling Equipment Market forecast, Material Handling Equipment Market risks, Material Handling Equipment Market report, Material Handling Equipment Market share 

    MATERIAL HANDLING EQUIPMENT MARKET DRIVERS

     

    infographic: materials-handling equipment market share, Material Handling Equipment Market, Material Handling Equipment Market size, Material Handling Equipment Market trends, Material Handling Equipment Market forecast, Material Handling Equipment Market risks, Material Handling Equipment Market report, Material Handling Equipment Market share

     

    The following factors are expected to drive the growth in this market:

     

    1. Many companies these days are in the process of automating and modernizing their production process for which material handling equipment is necessary. Adoption of new technology such as the Internet of Things in different sectors is also an impact factor for growth.
    2. Importance is being given to employee safety and cost effectiveness and this can be achieved through mechanization of the process. Increasing labour costs is also another reason why material handling equipment is gaining prominence.
    3. The transportation and e-commerce industry use material handling equipment. Though the transportation sector and aviation sector has been negatively impacted during the Covid period, the e-commerce sector has been substantial growth. This will further help the global material handling market to grow.
    4. There is also demand for more flexible and transparent supply chain and warehouse operations.
    5. Due to the growing population, the need for consumer goods is also increasing and hence to improve efficiency in operations many companies are purchasing more material handling equipment.
    6. Investments through FDIs in the production process in developing countries is also pushing the demand.
    7. The Government is also focusing on development of infrastructure facilities such as building new airports, railways and seaports. This will further increase the demand for material handling equipment.

     

     

    MATERIAL HANDLING EQUIPMENT MARKET ACQUISITION

    A full-service forklift and material handling dealership, Advantage Materials Handling Group serves Northern Indiana with equipment sales, servicing, rentals, dock equipment, storage solutions, and more.

     

    Three brands are part of the Advantage Materials Handling Group: BT Battery & Charger Systems, BT Equipment Services & Parts, and Balint/Ryder Handling Equipment. Which will all now function as Wolter.

     

    In a similar way as Wolter, Advantage Materials Handling Group provides its clients with solutions that boost security, boost output, and cut costs.

     

    The business will continue to provide its present products and services after joining Wolter, including but not limited to forklifts, dock equipment, pallet rack systems, conveyors, and more.

     

    However, Wolter’s productivity toolbox, which includes a large selection of secondhand equipment, automation & robotics, cranes & hoists, railcar movers, standby power & generators, forklift training, and workplace storage, will expand the company’s product options with the acquisition.

     

    Additionally, Wolter’s coverage area for Kion North America’s Linde and Baoli brands of electric, gas, and LP forklifts is expanded with the acquisition of Advantage Materials Handling Group. 

     

    The company situated in Indiana has just changed its name from Wolter Group to Wolter, joining a unified team of industry professionals dedicated to increasing their customers’ productivity and operational accomplishments under the Wolter moniker.

     

    MATERIAL HANDLING EQUIPMENT MARKET CHALLENGES

     

    infographic: materials-handling equipment market share, Material Handling Equipment Market, Material Handling Equipment Market size, Material Handling Equipment Market trends, Material Handling Equipment Market forecast, Material Handling Equipment Market risks, Material Handling Equipment Market report, Material Handling Equipment Market share

    1. The cost of purchasing material handling equipment is very high. Along with that, operational and maintenance costs associated with this equipment may act as a hindrance to growth for this market. The small and medium scale enterprises thus, find it difficult to integrate such technology in their operations.
    2. There is a lack of awareness in certain parts of the world regarding the cost effectiveness and high level of productivity that can be achieved using this equipment.
    3. There are many technical challenges that an organization may face while using material handling equipment. Specialized knowledge might be required to solve those issues and expertise may not be available at all times. Cyber security threats also remain a major concern for the organizations.
    4. The impact of Covid cannot be neglected in this industry since the supply chains had been disrupted, there was lack of demand since the manufacturing sector faced a complete lockdown. Unlike other sectors, in the manufacturing sector the work from home model cannot be adopted bringing a complete halt in operations. Companies were cutting down on capital expenditure due to which the demand for material handling equipment faced a negative impact.

     

    MATERIAL HANDLING  EQUIPMENT MARKET MARKET DYNAMICS

     

    SI No Timeline Developments
    1 Q4-2021 Toyota Material Handling(TMH) introduces its two new material handling products powered by electric drive for the warehouse solutions, they are Toyota Furniture Order Picker with a lifting capacity of 1,600 lbs with two variants 24v and 36v models and Toyota Multidirectional Reach Truck with a lifting capacity of 4,500 lbs.
    2 Q4-2021 Material handling and intelligent motion solution provider Columbus McKinnon Corp. acquired Garvey Corp.,for $485 million to grow its conveyor solutions platform. 
    3 Q4-2021 Seegrid Corp. to launch its new autonomous forklift Palion Lift comes with 3D computer vision system implemented using machine learning models and LiDAR and also with the maximum lifting payloads upto 3,500 lbs.
    4 Q4-2021 German Company Jungheinrich AG, to set up a new forklift manufacturing factory at Chomutov, Czech with an investment of EUR 60 million. Jungheinrich is planning to build its eleventh plant due to increasing demand for trucks.
    5 Q4-2021 Mitsubishi Logisnext Americas unveiled its new Unicarriers forklift trucks powered by engines at North, Central and South America regions with the capacity of upto 12,000 lbs. The engine configuration comes with both CK45 LPG engine and D04-EGT diesel engine and also comes with vibration reduction features.  
    6 Q1-2021 Japanese company Daifuku partnered with Germany based AFT industries to grow its business globally in material handling systems.
    7 Q4-2021 Beumer group launched its new type of sortation systems with small and medium sized parcel distribution systems which enables efficient sorting of parcels with a capacity of more than 40,000 parcels an hour.

     

     

    MATERIAL HANDLING EQUIPMENT MARKET SEGMENTATION

     

    Material Handling Equipment Market By Equipment Type

    1. Cranes and Lifting equipment
    2. Industrial Trucks
    3. Continuous handling equipment
    4. Racking and Storage Equipment
    5. Automated Storage Retrieval System

     

    The crane and lifting equipment has a considerable market share currently and is expected to retain its position as activities related to metal mining are increasing in some countries. Along with this large scale commercial and residential projects where heavy material is required to be lifted, the role of cranes and lifting equipment becomes indispensable.

     

    The automated storage retrieval system is expected to show the highest CAGR. The market for industrial trucks is also expected to grow.

     

    Material Handling Equipment Market By System Type

    By system type, the following categorization is done:

     

    1. Unit Load Material Handling system
    2. Bulk load material handling system

     

    The unit load material handling system is expected to grow more owing to the fact that it allows many items to be loaded and unloaded together which saves time and cost for the organizations.

     

     

    Material Handling Equipment Market By Operations

    1. Assembly
    2. Distribution
    3. Transportation
    4. Others

     

    The transportation segment is expected to hold the highest market share in the forecasted period 2024-2030. This is due to the increase in the trend of e-commerce.

     

    Material Handling Equipment Market By Industry

    The main industries where material handling equipment is used are:

    1. Consumer Goods
    2. Electronics
    3. Automotive
    4. Food and Beverage
    5. Pharmaceutical
    6. Construction
    7. Mining
    8. Semiconductors
    9. E-commerce
    10. Others

     

    During the period 2024-2030, the e-commerce segment is expected to showcase the highest growth owing to the growth of this sector during the pandemic. Material handling equipment is effective in helping in packaging and distribution in the warehouses and therefore, their demand is expected to grow within this segment.

     

    Material Handling Equipment Market By Region

    The different regions identified for analyzing the market are:

    1. North America
    2. Europe
    3. Asia Pacific
    4. Middle East and Africa
    5. Latin America

     

    Region wise, North America had the highest market demand and it is forecasted that in the period 2020-2025 it will retain its prominence. This is due to the growth of the e-commerce industry in this region. Consumer goods are also highly demanded in this region and the companies wish to automate their processes.

     

    infographic: materials-handling equipment market share, Material Handling Equipment Market, Material Handling Equipment Market size, Material Handling Equipment Market trends, Material Handling Equipment Market forecast, Material Handling Equipment Market risks, Material Handling Equipment Market report, Material Handling Equipment Market share

    The Asia Pacific region is expected to have the highest CAGR as there is a rise of investments in this region to meet the increasing demands of the consumers. In countries such as China, South Korea and Taiwan the technology that is being used is advanced and with rise in their population and national income the need for material handling equipment would also rise.

     

    RECENT TECHNICAL ADVANCEMENT 

    Automation and robotics: The merging of automation and robotics has transformed material handling. Robotic arms and autonomous mobile robots are utilized for activities including order picking, packing, and palletizing. These robots are capable of navigating challenging areas, collaborating with human workers, and streamlining material flow.

     

    Material handling equipment is increasingly fitted with sensors, allowing for real-time monitoring and data collecting, thanks to the Internet of Things and connectivity. IoT platforms link equipment, enabling remote monitoring, proactive maintenance, and performance enhancement. With this connectedness, productivity is increased, downtime is decreased, and proactive decision-making is possible.

     

    Artificial intelligence and machine learning: To improve material handling procedures, AI and machine learning algorithms are being used. These innovations use data analysis to find patterns, streamline processes, and anticipate equipment faults. 

     

    AI-powered solutions can improve resource allocation, route planning, and inventory management, ultimately increasing operational efficiency.

     

    For teaching reasons, remote support, and the depiction of complex procedures, material handling uses augmented reality (AR) and virtual reality (VR) technology. By superimposing digital information over the real world, augmented reality (AR) can give workers instruction in real time. VR simulations allow for realistic equipment operator training scenarios and aid in streamlining workflows.

     

    Advances in sensor technology have made it possible to record data with greater accuracy and dependability. To locate things, gauge distances, and guarantee safety during material handling operations, proximity sensors, vision systems, and 3D scanners are used. Better object recognition, collision avoidance, and precise equipment positioning are all made possible by these sensors.

     

    Advanced Battery Technologies: The performance and effectiveness of electric material handling equipment have been enhanced by the development of advanced battery technologies. Traditional lead-acid batteries are being replaced by lithium-ion batteries because they have better energy density, faster charging times, and longer running times. These batteries help material handling companies become more sustainable and emit less emissions. 

     

    The vast amounts of data produced by material handling equipment are being managed and analyzed using cloud-based platforms and data analytics tools. Centralized data storage, real-time data access, and cross-location collaboration are all made possible by cloud computing. Making data-driven decisions and detecting operational bottlenecks are made easier with the use of data analytics.

     

    Cobots, often referred to as collaborative robots, are created to assist human operators in carrying out material handling duties. These robots can interact with people safely because they have built-in safety safeguards. Cobots are utilized to help with jobs like carrying large objects, lessening the physical strain on employees and boosting overall efficiency.

     

    Energy Efficiency and Sustainability: To lower operating costs and their negative effects on the environment, manufacturers of material handling equipment are concentrating on creating energy-efficient solutions. Energy-saving elements including regenerative braking, energy management systems, and idle shutdown modes are now incorporated into equipment designs. Initiatives for sustainability seek to reduce energy use, emissions, and waste production. 

     

    MATERIAL HANDLING EQUIPMENT MARKET COMPETITIVE LANDSCAPE

    SI No Timeline Company Developments
    1 Q4-2021 GEODIS, Bastian Solutions and AutoStore GEODIS is partnered with Bastian Solutions and AutoStore to provide material handling equipment for the leading clothing retailer with the deal of $48 million.
    2 Q4-2021 Tega Industries  Tega Industries provides solutions in the mining, transportation industry and bulk material handling filed for INR 600 crore IPO.
    3 Q3-2021 Dematic GmbH & Co. The second largest material handling system supplier in the world, Dematic made $3.2 billion revenue in 2021 with 21.2% growth rate. Dematic’s product demand increased during the pandemic because of a surge in automation.
    4 Q4-2021 Columbus McKinnon Corp. Columbus McKinnon Corp. reported $217 million revenue during the third quarter with a rise of 29% year over year growth.

     

    There are many small and large players across the globe for material handling equipment. Some of the key companies in this market are:

    1. Bastian Solutions, LLC
    2. Beumer Group GmbH & Co.
    3. Columbus McKinnon
    4. Crown Equipment Corporation
    5. Daifuku Co.Ltd
    6. Dematic GmbH & Co.
    7. Flexlink
    8. Hyster-Yale Materials Handling
    9. JBT Corporation

     

    Some strategies that are being adopted by the key players are mergers and acquisitions along with emphasis on developing improved models.

     

    MATERIAL HANDLING EQUIPMENT MARKET RECENT DEVELOPMENTS

     

    infographic: materials-handling equipment market share, Material Handling Equipment Market, Material Handling Equipment Market size, Material Handling Equipment Market trends, Material Handling Equipment Market forecast, Material Handling Equipment Market risks, Material Handling Equipment Market report, Material Handling Equipment Market share

     

    SI.no Timeline Company Developments
    1 Q4-2021 Eternity Technologies Industrial battery manufacturer Eternity Technologies introduced innovative efficient carbon nano motive batteries QUASAR with increased performance designed for heavy duty material handling electric forklift trucks.
    2 Q4-2021 Pantero Pantero acquired Ampro Material Handling to maximize its material handling services for its customers.
    3 Q4-2021 Tompkins Solutions Tompkins Solutions designed and supplied its material handling systems such as pick modules for cases and eaches and a dual sided shipping sorter for the new plumbing distribution center of Ferguson Enterprises at Denver market.
    4 Q4-2021 SRSI SRSI is a material handling integrator, joined the Material Handling Equipment Distributors Association(MHEDA) to grow its network in the material handling industry.
    5 Q4-2021 Dematic Dematic partners with Aspire Food Group to develop a fully automated insect protein manufacturing facility with Automatic Storage and Retrieval Systems.
    6 Q3-2021 Kalmar Kalmar, to supply medium electric forklift trucks for the leading supplier of concrete products company SEAC during Q12021.
    7 Q4-2021 Jungheinrich AG Material handling equipment supplier Jungheinrich AG launched its stand up pallet truck Era 225i powered by lithium ion batteries, for the efficient usage in the field of handling in warehouse operations.
    8 Q4-2021 JBT corporation DHL to use autonomous lift trucks Crown R 1000 series in the warehouse through its digitalization strategy to increase warehouse efficiency with the collaboration of JBT corporation for the automation technology.

     

    To deal with the change in environment in the coronavirus pandemic, the manufacturers have come up with the following strategies :

    1. In order to get a mechanism in place for purchase returns, companies are using the recent technology.
    2. With the rise in e-commerce, faster deliveries are expected. Therefore, companies are shifting their warehouses to urban areas.
    3. One company, Godrej Material Handling has diversified its current offerings by the name Godrej RenTrust which is a rental company and provides a complete range of  solutions to customers in terms of labour, fuel and maintenance for material handling equipment.
    4. C & M Conveyor has been acquired by CapitalWorks which would help it make use of automated material handling technology in its operations.

     

    MATERIAL HANDLING EQUIPMENTS RECENT ACQUISITIONS

    Toyota Industries Corporation announces that it has reached an agreement to buy Bastian Solutions LLC (“Bastian”), a significant North American materials handling systems integrator*1. With the acquisition of Bastian, Toyota Industries has made a full-fledged foray into the North American materials handling solutions market, which is booming thanks to the e-commerce boom.

     

    Toyota Industries continues to strengthen and extend its lift truck and related industries as the world’s No. 1 lift truck producer in terms of worldwide market share. In the field of materials handling solutions, Toyota Industries provides ideal materials handling systems to address each customer’s unique needs.

     

    The company has progressively expanded the creation and operation of warehouse logistics, mostly for domestic logistics centres and other facilities, using its monozukuri-based manufacturing and materials handling skills.

     

    In recent years, the e-commerce business, in which individuals buy goods and services from online stores, has exploded. Customers are needing increasingly sophisticated solutions at logistics locations to manage expanding shipment volumes, deal with diversified packaging, and considerably speed up processing.

     

    The materials handling solutions business in North America is likely to grow sustainably in the future, despite these tendencies.

     

    Bastian is a materials handling systems integrator based in the United States. The company is a leader in combining hardware and software, system development, networking, and maintenance into optimal end-to-end solutions that solve all of its customers’ logistics challenges, and it has superior expertise in developing software to control and manage materials handling systems at logistics centres.

     

    This acquisition allows Toyota Industries to enhance its materials handling solutions business in North America, with Bastian as its hub, and paves the way for future growth through a variety of large-scale projects throughout the Americas.

     

    THIS MATERIAL HANDLING EQUIPMENT MARKETREPORT WILL ANSWER FOLLOWING QUESTIONS

    1. Material Handling Equipment Market size and Forecast, by region, by application
    2. Average B-2-B price for Material Handling Equipment Market, by region, per user
    3. Technology trends and related opportunity for new Material Handling Equipment Market tech suppliers
    4. Material Handling Equipment Market share of leading vendors, by region,
    5. Coronavirus impact on Material Handling Equipment Market earnings
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2024-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2024-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
     
    0
      0
      Your Cart
      Your cart is emptyReturn to Shop