Material Handling Equipment Market Analysis By Product (Storage & Handling Equipment, Automated Storage & Retrieval System, Industrial Trucks, Bulk Material Handling Equipment), By Region, And Segment Forecasts, 2018 - 2025

Industry Insights

The global material handling equipment market size was estimated at USD 24.2 billion in 2015 and is expected to witness a significant growth owing to its surging espousal in the warehouses and manufacturing industries. Furthermore, technological advancements that help save time & cost, such as the development of robotic order-picking systems, are expected to open new boulevards for the industry evolution over the projected period.

The mounting demand for automated storage & retrieval systems in the automotive, food & beverages, pharmaceutical, and chemical industries is anticipated to be a key driver for the industry growth over the next few years. The demand for automated storage & retrieval system, along with industrial trucks, is anticipated to rise owing to the rising investments by manufacturers in installing the equipment at distribution centers as well as warehouses.

China material handling equipment market by product, 2014 - 2025 (USD Billion)

The material handling products aid air transportation and storage of material in highly systematic manner. They reduce the risk of handling & transporting raw material as well as lower the costs involved. Industrial trucks accounted for the highest market share in 2015. However, automated storage & retrieval systems are projected to capture a significant market share over the forecast period. This is credited to the widespread adoption of these systems across several industries in Asia Pacific. 

Product Insights

A variety of manual, semi-automated, and automated material handling tools reduce the inventory, lower the handling costs, and shorten the delivery time. Thus, the demand for this equipment is expected to rise owing to the aforementioned reasons.

End-use Insights

The e-commerce industry, particularly the warehouses, is expected to remain the largest and fastest growing end-use segment. This is accredited to the usage of material handling equipment for transportation & storage purposes in warehouses. These products aid in the movement of goods, tracing of products, and organization of orders. Thus, they augment the operational efficacy, streamline the supply chain, and handle warehouse operations through optimum utilization.

Global material handling equipment revenue share by end use, 2015  

The growing manufacturing industries, such as automotive, chemical, pharmaceutical, and food & beverage, spur the demand for warehouses to store and manage their products. Thus, material handling systems play a vital role in managing internal and external manufacturing operations. They are widely used in the automotive industry as they improve manufacturing processes, lessen labor intensity, and ensure the timely delivery of material. 

Regional Insights

Europe held the largest market share in 2015 and accounted for over 35% of the industry share. However, Asia Pacific is projected to be the fastest growing market and is anticipated to grow at a CAGR of over 7.0% from 2016 to 2025. The rise in the number of manufacturing facilities, coupled with the surging expansion of the industrial sector in Asia Pacific, is expected to fuel the material handling equipment demand in this region. Furthermore, the growing importance of workplace safety in several industries, such as automotive, food & beverage, semiconductor, pharmaceutical, and chemicals is anticipated to spur the demand in the near future.

The rapid industrialization and development of the e-commerce sector globally are anticipated to propel the demand for material handling systems in warehouses. Furthermore, owing to the market lucrativeness, Latin America and the Middle East & Africa are expected to make huge investments in the market.

Competitive Insights

The market is characterized by an intense competition with the presence of a few major global players and other small vendors offering a range of material handling equipment. Moreover, the industry is witnessing consolidation between the key purveyors. For instance, in 2013, Interroll announced the acquisition of Portec Group International.

In addition, product manufacturers are inkling toward automation to sustain the market competition. At present, the industry is dominated by a few global players, such as Daifuku, SSI Schaefer, Kion Group (Dematic), Murata Machinery Ltd., Vanderlande Industries B.V., and Mecalux S.A.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth on global, regional & country levels and provides an analysis of the industry trends in each of the sub-segment from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the material handling equipment market on the basis of products, end-uses, and regions:

• Product Outlook (Revenue, USD Billion; 2014 - 2025)

  • Storage & handling equipment

  • Automated storage & retrieval system

  • Industrial trucks

  • Bulk material handling equipment

  • Others

• End-Use Outlook (Revenue, USD Billion; 2014 - 2025)

  • Automotive

  • Food & beverages

  • Chemical

  • Semiconductor & electronics

  • E-commerce

  • Aviation

  • Pharmaceutical

  • Others

• Regional Outlook (Revenue, USD Billion; 2014 - 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • UK

    • Germany

    • France

  • Asia Pacific

    • China

    • India

    • Japan

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa (MEA)