AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Material Handling Equipment market - Global outlook to 2024". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Material Handling Equipment market.
The End Use, such as Automotive, is boosting the Material Handling Equipment market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The System Type, such as Unit Load, is boosting the Material Handling Equipment market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to AMA research team, the Global Material Handling Equipment market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Significant Recovery in Global Manufacturing and Rising Labor Cost & Safety Concerns and Growing growth of e-commerce Industry, Rapid Industrialization, And Automation in Manufacturing Sector across the World. †
Material handling equipment are those type of equipment which is widely used for the storage, control, movement and protection of materials as well as goods, Various benefits of using material handling equipment are Improve customer service, Shorten delivery times, Reduce inventory excesses, Improve handling through streamlining and better timing, Improve inventory management, enhance handling through streamlining & better timing and others benefits. Increasing usage of material handling equipment in various application such as automotive, food & beverages, chemical, semiconductor & electronics, E-Commerce, aviation, among others are some of the major factors which affect the growth of the market in future
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Material Handling Equipment market by Type (Storage and Handling Equipment, Automated Storage and Retrieval System, Industrial Trucks, Bulk Material Handling Equipment and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market